1) One person must be a domain expert in your industry. This would be someone who's engaged in the same type of business activity as you would like to be. They may own the same kind of company that you would like to own, or they may be a technical expert who knows a lot about the kind of product or service that you would like to produce.
1) Who they are and what their background is.
I spoke with Anson Cherry regarding this area of expertise. His background includes research on audio electronics and he also has connections with local sales.
2) Which 'slot' you are filling with each person (i.e., domain expert, market expert, supplier), and how the person fills the spot.
This person fits the domain expert spot because of his knowledge of audio technology.
3) A description of how you found the person and contacted the person.
I know Anson from a National Academy of Inventors meeting.
4) The nature of the exchange you have with the person -- what favor did they do for you? What is the return expectation?
We are just business friends and offer each other assistance with innovation.
5) How will including this person in your network enhance your ability to exploit an opportunity?
Anson will offer more dynamic views to my ideas potential.
2) One person must be an expert on your market. This would be someone who is targeting your market with similar products services -- or knows a lot about conducting customer research in your area -- or represents a major piece of your market (this might be most applicable with B2B markets).
1) Who they are and what their background is.
I spoke with Anton Hopen a certified Patent Attorney that knows all about the market for my invention.
2) Which 'slot' you are filling with each person (i.e., domain expert, market expert, supplier), and how the person fills the spot.
This person fits the market expert spot.
3) A description of how you found the person and contacted the person.
This person is the President of the invention competition that I won.
4) The nature of the exchange you have with the person -- what favor did they do for you? What is the return expectation?
I have a good business relationship with this person and we each have a good understanding of what needs done to succeed in the market.
5) How will including this person in your network enhance your ability to exploit an opportunity?
This person will help me expand to larger companies for possible distribution opportunities.
3) One person must be an important supplier to your industry. This would be someone who is selling products and services to other organizations/firms in your industry.
1) Who they are and what their background is.
I spoke with Luke Lee. Luke is an expert retailer for headphones at my local electronics store.
2) Which 'slot' you are filling with each person (i.e., domain expert, market expert, supplier), and how the person fills the spot.
This person fits the supplier section.
3) A description of how you found the person and contacted the person.
I know Luke as a business friend through the invention competition.
4) The nature of the exchange you have with the person -- what favor did they do for you? What is the return expectation?
I am just friends with Luke. He is a good contact to have in the business.
5) How will including this person in your network enhance your ability to exploit an opportunity?
He will offer me opportunities to distribute my product if my invention gets to that phase.
Finally: Reflect. This experience requires you to do a little 'targeted networking.' How will this experience shape how you participate in any future networking events? Did this experience differ from your networking experiences in the past? How?
This experience has helped me get more involved in the community and also it has led me to be even more inspired to pursue making my dream a reality. Having sources is very important to grow an idea into a final product. I enjoyed this assignment. It was also unique in the sense that I met people tailored to my idea.
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