Sunday, March 20, 2016

Growing My Social Capital

Growing your Social Capital

1) Domain Expert 
            John B. Apple Store Manager
            John fills this spot, because he is in the same type of business (technology) that I would like to be in. I found him by just walking into an Apple store. My exchange involved his time to answer some of my questions. In return, I bought headphones, and signed up to receive information from Apple. I also ended up receiving his business card to contact him for further advice or questions. Including him in my network will enhance my knowledge about the industry I would like to go in. I could also end up connecting with more people in this same type of network for further opportunities involving my product or knowledge in general.
 3) Market Expert
            Kyle C. Best Buy Sales Representative
            Kyle fills this spot, because he is a product expert for the same category of products. I found him by just walking into a Best Buy store. I talked to Kyle about some of the new products that were out, and asked him questions related to my product. In return for taking up his time, I bought a cover for my phone and filled out a survey with great feedback for him. Including him in my network will give me knowledge about customers and what they are looking for in new gadgets. He is the one that comes in contact with them every day, and listens to their feedback on products.
2) Supplier 
            Sara H.  AT&T Sales Manager
             Sarah fits this spot, because AT&T supplies businesses with broadband bundles. AT&T also supplies people with Digital Life. AT&T is getting involved with the cloud and Digital Life has similar functions to my business. I found Sara by walking into an AT&T store. In return for listening to me about my product and giving me feedback, I upgraded my plan which gave her the credit. Adding Sara to my network will enhance my knowledge about services, and the supply chain. AT&T could possibly sell and supply my product in the future.
Reflection:
            This was a lot of fun. I also learned a lot more about my industry, and who my target audience is. This was a great opportunity to gain insight. For future networking events, I’m going to be more personal with my connections, and stay in touch. This experience taught me to just go out there and start asking questions. In my past experiences, I lost touch with some of my network. This time I asked for business cards to stay in touch, as well as connect on LinkedIn.


3 comments:

  1. Hi Britt,

    You did great by approaching these people that are relevant to your business idea in person. I took a different approach of trying to reach out to them by e-mail and it didn't always work since such a media of contact is very impersonal and sometimes people are not inclined to respond. I hope that these first contacts you made with people of sales floor will help connect to higher management within their companies. Best of luck.

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  2. Hey Britt, great job on this assignment! I commend you on going to these stores in person and just tackling the task at hand. It seems like you gained a lot of good insight and have a solid action plan for keeping in contact with the resources you met. I think you found the right people you needed to for your product and gained very valuable information! Great job! You can check out my blog here: http://buschuf.blogspot.com/

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  3. Britt that was a good idea to connect with your contacts on LinkedIn. I didn't think to do that. Did you find that you learned a lot about pitfalls in your industry? You definitely learned a lot from your industry insiders, and the pitfalls that they can teach you can be invaluable to giving you a head start with your venture.

    Have a look at my similar blog post here when you get a chance.

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