I want to know about the meaning of "business networking"?

Business networking is a marketing method where business opportunities are created through social networks of like-minded business people. They allow the business person to build new business relationship and generate business opportunities at the same time.


Many business people see business networking as a more cost-effective method of generating new business than advertising or public relations It is a low-cost activity that involves more personal commitment than company money.


As an example, a business network may agree to meet weekly or monthly with the purpose of exchanging business leads and referrals with fellow members. To complement this members often meet outside this circle, on their own time, and build their own "one-to-one" relationship with the fellow member. As relationships strengthen, the exchange of business increases.


Business networking can be conducted in a local business community, or on a more larger scale via the internet.

I want to know about the meaning of "business networking"?
Business networking is really simple. Friends give you business. "Networking" without making friends is an utter waste of time.