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Networking is simply a structured way of meeting another individual. To make the best use of your time, you should have an objective at every such meeting.
It could be that you are interested in a new career and want to speak to as many people in that field before you 'jump ship'.
Perhaps you are already in a particular field, and want to build up professional rapport with others in that area.
You may have a business and want to uncover as many new prospective clients or influential advisors as possible.
Or it could be that you want to socialize with new peers.
Networking provides the means to achieve those objectives.
