Networking Terms

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Networking

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The act of establishing and building professional relationships with individuals in order to exchange information, ideas, and opportunities.

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Partnership

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A strategic relationship between two or more parties that work together towards a common goal to achieve mutual benefits.

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Collaboration

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Working together towards a shared goal by combining resources, skills, and knowledge.

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Synergy

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The combined effort of individuals or organizations that results in a greater outcome than if they were to work separately.

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Referral

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A recommendation from one person to another, often used in business to generate new leads and opportunities.

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Lead

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A potential customer or client who has shown interest in a product or service.

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Pitch

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A concise presentation of an idea, product, or service to a potential partner or investor.

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Elevator Pitch

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A short and compelling summary of a business idea that can be delivered within the time span of an elevator ride.

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Cold Calling

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The practice of reaching out to potential clients or partners without any prior contact or relationship.

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Warm Calling

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Contacting potential clients or partners who have shown some level of interest or connection in the past.