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Growing Your Wealth Exponentially

Growing Your Wealth Exponentially
BY JAMES OH

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LETTING GO AND MOVING ON BY JAMES OH

LETTING GO AND MOVING ON BY JAMES OH
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MINDSET SHIFT: EMPLOYEE TO ENTREPRENEUR

MINDSET SHIFT: EMPLOYEE TO ENTREPRENEUR
BY JAMES OH

Thursday, April 8, 2010

NETWORKING IS WEALTH

Hi! everyone,
Networking is your wealth. Every business needs networking to keep it alive. Otherwise, it will not have any exposure and faces the prospect of closure.

Establishing good relationships with your business customers is vitally important for your business health. You may do so through communication with them either via direct feedback, emails or face-to-face contact. Advertising your products both offline and online keeps customers aware of your range of products, the business, their prices and any promotional items.

You also need good relationships with your suppliers so as to obtain not only competitive prices for your supplies, but also reliable sources. This is crucial for you to deliver your goods to ensure your customers' satisfaction. As such, you need to keep abreast of any development from your suppliers.

Another way of getting to know other business people in the area is to participate in trade exhibitions and networking events. By doing so, you may develop good rapport with other business owners and expand your business contacts further by opening your door to new projects and ideas, which could prove beneficial to your business.

Obtaining referrals is another excellent way of promoting a business. Long term benefits including excellent service and products are necessary to keep your customers loyal to your business.

Affiliate programs are another way of advertising your products on those related websites. No doubts you need to pay a certain percentage of your income to the website owner, but it can prove very effective and worthwhile. Alternatively, you may use business blogs to create awareness of the your products or services you are offering. The success of such business very much depends on two main factors as follows:-

a) how well a blog is marketed; and
b) how regularly the information is updated.

Online social networking is not only growing rapidly in today’s world, but also popular amongst internet users. As such, it creates lots of opportunities to fulfill most business's needs. Face book is the most common social networking platform, which is geared towards business professionals who want to share information and experience. This is a quick, inexpensive and effective way of communicating with people around the globe to establish and develop new business prospects.



Now perhaps it is time to grab every opportunity of a networking business, and you may use it to propel your ambition. This is one of the best ways to kickstart your business career. You may use the profits generated as capital for your own personalized dream business. Networking companies also provides training and marketing strategy lessons for its own members, therefore you may obtain a great privilege. Since the emergence of social networking sites in the internet, more young minds and people are attracted to engage in these trends. Thus making networking the newest global trend in business.



Another fruitful way of networking is direct participation in community events or indirect participation through advertising your business at such events because you are able to create awareness amongst the participants and the community members. You may make good use of this opportunity by offering vouchers and discounts to the community to encourage them to visit your business or buy your products. 

James Oh

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