The Role of Networking in Scaling Your Business to New Regions

Kathryn Geerken • November 18, 2024

Expanding into a new market is both thrilling and challenging. It’s a time filled with potential and possibilities, but also one that demands strategy and foresight. Those of you who are known for leadership, intuition, and people-centered focus—networking becomes the cornerstone of successful market expansion.


Here’s why:

Why Networking Matters in New Markets


When entering a new market, your business is essentially starting from scratch. Building relationships with the right people can provide you with critical insights, open doors, and create advocates for your brand. Your natural charisma and ability to connect on a deeper level give you an edge in forming meaningful connections that aren’t just transactional but transformational.


1. Learning the Landscape

Networking gives you access to firsthand knowledge about the new market. Local industry experts, community leaders, and even competitors can provide insights about:

A. Consumer behavior: What motivates your target audience?

B. Cultural nuances: What’s considered essential or taboo in this market?

C. Business norms: What are the expectations in terms of partnerships, pricing, and timelines?


2. Building Trust and Credibility

In any new market, trust is your most valuable currency. People are more likely to engage with businesses that come recommended by someone they know and trust. Networking with local influencers, community figures, and business leaders, you can:

A. Leverage their social capital to introduce your brand.

B. Gain referrals to other key stakeholders.

C. Showcase your commitment to being a genuine part of the community, not just an outsider looking to profit.


3. Creating Collaborative Opportunities

One of the best ways to break into a new market is through partnerships. Networking can lead to collaborations with local businesses, joint ventures, or even government and nonprofit organizations.


These partnerships can:

A. Expand your reach.

B. Validate your business within the local context.

C. Reduce risks by sharing resources and expertise.



4. Establishing Long-Term Relationships

Networking isn’t just about immediate wins; it’s about planting seeds for the future. With a visionary mindset, understand the importance of nurturing relationships over time. A contact who might not seem relevant today could become pivotal as your business grows in the new market.


To make the most of your networking efforts, consider these strategies:

Host a local event or workshop: Share your expertise and create a space for dialogue. Follow up with authenticity: Send personalized messages that show genuine interest and highlight specific takeaways from your conversations.


Be patient but persistent: Building a network takes time, and your consistent engagement will set you apart.


Final Thoughts


Networking is the lifeblood of successful market expansion, and it’s a natural extension of who you are. By combining strategy with authenticity, you can establish the relationships needed to scale your business while also making a positive impact in your new community.


At Lyse Fili, we help businesses navigate new markets with confidence, connecting them with the right partners and resources for lasting success.


Ready to expand your reach?
Let’s grow together.

By Kathryn Geerken September 27, 2024
Networking is evolving at lightning speed. What once revolved around in-person events, handshakes, and exchanging business cards has shifted into a digital-first approach. For ENFJs—known for their natural charisma and ability to foster meaningful relationships—this transformation presents an exciting challenge: how do we bring authenticity and connection into the virtual realm? Here’s how we can navigate and thrive in this new landscape.
Your Most Valuable Currency
By Kathryn Geerken June 10, 2021
Stepping into a new market is an exhilarating challenge. It’s an opportunity to broaden your reach, grow your business, and connect with new audiences. Yet, success in unfamiliar territory isn’t just about having the best product or service; it’s about building trust. I firmly believe that trust is the foundation of every successful relationship. In new markets, it becomes your most valuable currency. People want to work with businesses they can rely on—those that come with a stamp of approval from trusted sources. This is where your networking skills can make all the difference. Why Trust is the Key to Market Success When entering a new market, you’re essentially starting from scratch. Your audience doesn’t know your story, your values, or the quality of your work. To bridge this gap, you need trust. Trust reassures potential clients, partners, and stakeholders that working with you is a safe and valuable decision. Unlike flashy marketing campaigns, trust can’t be bought—it must be earned. And the best way to earn it? By connecting with the right people. The Role of Networking in Building Trust Networking isn’t just about meeting people; it’s about forming relationships that allow your credibility to grow through association. In a new market, local influencers, community leaders, and established business figures hold the social capital you need to introduce your brand and build trust. 1. Leverage Local Influencers Influencers aren’t just social media stars—they can be anyone who commands respect and attention within a community. By aligning with these individuals, you can: Gain immediate visibility : Their endorsement introduces you to their audience, amplifying your reach. Earn credibility by association : When someone trusted vouches for you, their audience is more likely to trust you too. Understand the nuances of the market : Influencers can provide insights that help you adapt your message and approach. 2. Collaborate with Community Figures Community leaders and advocates are gatekeepers of trust in their local areas. Engaging with them shows your commitment to understanding and contributing to the community rather than just profiting from it. 3. Partner with Business Leaders Partnering with established businesses or individuals allows you to tap into their reputation. This type of collaboration sends a powerful message: “We’re here to grow together.” How to Build Trust Authentically Building trust takes time and intentionality. Here are strategies I’ve found invaluable: 1. Lead with Empathy Listen first. Every market has unique needs, challenges, and values. Show that you’re invested in understanding these nuances, and people will see you as a partner, not an outsider. 2. Demonstrate Your Value Actions speak louder than words. Deliver on promises, provide high-quality services, and look for ways to add value without expecting anything in return. This creates a ripple effect that reinforces your credibility. 3. Show Up Consistently Trust isn’t built overnight. Be present in community events, online forums, and industry gatherings. Consistency shows you’re committed for the long haul. 4. Share Your Story Storytelling is a powerful tool for connection. Share why you’re passionate about your work, what led you to this new market, and how you aim to make a positive impact. Transparency fosters trust. The Edge in Building Trust Our ability to empathize, inspire, and build rapport makes us uniquely suited to create authentic relationships. By using these strengths to foster trust, we can turn even the most unfamiliar market into a thriving space for our business. At Lyse Fili, we specialize in helping businesses navigate new markets with integrity and impact. Whether it’s connecting you with key players or crafting a strategy to earn trust, we’re here to help you succeed. Are you ready to build trust and credibility in your next market? Let’s make it happen together.