The most important aspect of starting any new business is to network with other business owners. Networking allows you to not only promote your products and services to others, but it also allows you to educate people about the unique aspects of your business and enrol them into finding you new prospects and leads.

Business networking becomes easier with online “social networks” like LinkedIn, Facebook, etc. Online social network sites are web-based services that allows individuals or groups to construct a public or semi public profile within a bounded system, articulate a list of other users and groups with whom they share a connection, and view and traverse their list of connections and those made by others within the system. The nature of these connections may vary from site to site.

Back in the day, you used to listen to the radio, watch television or you picked up the newspaper to see what is happening. Social networking has changed this so that anyone can communicate, broadcast and interact about “what is being said” and share it with others.

Social Networking according to Wikipedia

A social network service focuses on building and reflecting of social networks or social relationships among people, e.g., who share interests and/or activities. A social network service essentially consists of a representation of each user (often a profile), his/her social links, and a variety of additional services. http://en.wikipedia.org/wiki/Social_network_service

Business Social Network

A Business Social Network is a variation of the ever so popular social network service but it focuses only towards business networking, business opportunities, etc. It has become a very effective method for both small and big companies wanting to reach specific people internationally and demographically. With the help of a Business Social Network, businesses are given the opportunity to reach more people and have a bigger audience.

Just like networking in real life, the basic rule still applies – it is all about having the same interests. On the Internet, online businesses that shares the same interests would contact each other. If all goes well, they would forge a partnership or an alliance to boost their status.

Why Business Networking is important

The important part of Business Social Networking lies in the smart ways to link to people around you. On Business Social Networks you are not only linking to people but gathering knowledge about their business whereabouts. A professional Business Social Networking service attracts, aggregates and assembles prominent business-focused audiences by creating virtual, interactive and informative meeting places.

Business networking sites also allows you to showcase you or your company’s unique services, position and talents in the most positive way. In the past, your business dress created lasting first impressions. Now, a more realistic picture is formed through the web before any actual face to face meeting takes place. This means height, weight, etc no longer plays as important a role in business success as in the past– and we are all on a more even playing field.

Business Network Marketing

Whether you own your own business or work for a company, there are distinct competitive advantages for better understanding and using Business Social Networks to promote your products or services. There is a lot of information on the topic of Business Network Marketing, that it can be difficult to separate the good from the bad. LinkedIn, Facebook, MySpace, Twitter, flickr, YouTubeDigg, Stumbleupon, Delicious, etc are just a few social networking sites to consider when planning your online marketing campaign.

Business Social Networking can be the answer for promoting your business, through the easy cost-effective marketing it is capable of. Clearly, social networking means are less expensive, more cost – effective, than advertising and other marketing plans although it takes time and dedication.

Business Social Networking provides the exposure every business dreams about. With this kind of exposure, new opportunities are not hard to get. People looking to invest in a business will look for a well reputed person, group or organization, the more your name is repeated, the more chances you get for new opportunities.