Business networking is a key component in expanding your professional growth. Learning through like-minded peers, understanding other concepts and of course, reaching new clients are all positive results one can attain from business networking. The real estate appraisal industry consists of many independent business owners who may not have a support system. Interacting with other appraisers is helpful in problematic situations and achieving new opportunities.
It is highly encouraged for any professional to participate in business networking. Here are the top 5 benefits for you to be more involved with your business community.
1) Developing lasting personal and professional relationships
Is it important for you to have new contacts? Do you need someone to talk-through challenging assignments with? Or are you looking for more opportunities to further your education? Business networking can provide you with all of the above resources. Networking organizations like The Appraisal Institute or Collateral Risk Network gives appraisers and valuation professionals the chance to bounce ideas off other professionals and brainstorm ways to better the industry. Creating intellectual relationships will allow one to grow on a professional and personal level.
2) Opportunities and Connections
It is like they say, “it is not what you know but who you know”. According to LinkedIn, in 2016, 70% of people were hired at a company where they had a connection. Growing your professional base allows you to create further connections. It is a simple equation…
Create new contacts -> Receive new opportunities -> Gain new clients = Growing your business.
Attending business networking meetings are a great way to seek guidance. However, your time is limited so it may be difficult to actually attend networking events – but that doesn’t mean you still can’t network. Social Media has become a great resource for appraisers and other business professionals to start communicating. Pages like The Appraisal Buzz Forum helps you connect with individuals all over the country. One simple post can open a window of answers and solutions.
4) Educational Opportunities
Each profession requires different qualifications or requirements, for appraisers, it is Continuing Education and USPAP. Attending a live CE course gives you the perfect opportunity to meet your peers and network! Speak directly to thought leaders and build a support system. Face to face interaction will only help expand your knowledge and skill base. Events like Valuation Expo are a great resource for earning CE, networking with others and prospering your business.
5) New Ideas
Networking with others can help you learn a new way to do business. Maybe you have had difficulty communicating effectively with clients or you can’t seem to get an answer from that one specific AMC; engaging with your peers can open your eyes to a more effective solution. The valuation industry is growing and changing every day, it can be difficult to keep up. Networking with other professionals can help you gain new ideas to stay one step ahead of the game. For example, new technology software is making the process easier, more efficient and quicker but it can be overwhelming to begin. A peer may be able to assist you through the process.
In closing, networking can be exciting and open the door to many new opportunities. Remember, everyone in the room is seeking the same goal as you. Help them solve their problem, and you may be solving yours along the way.
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