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Time at the table varies based on how the event organiser coordinate the event but usually lasts five to 15 minutes. Many organizations use speed networking to structure events: alumni associations, chambers of commerce, business associations, universities and trade shows.
Events that benefit from speed networking include: membership drives, networking events, mentoring programs, career fairs, team building exercises and vendor pairings.
The two participants in each meeting introduce themselves, briefly summarizing their business histories and goals.
They often exchange business cards and possibly additional information for a follow-up meeting.
A typical station-based speed networking event may yield 7 to 10 contacts during an hour-long event.
Then the line was folded in half and individuals were asked to move their chairs to face one another.
Networkers are generally seeking exposure to new markets and/or expanding their pool of vendors.
Although the techniques for speed dating and speed networking can be similar – participants paired or grouped together for the purpose of introduction – the practices differ in their end goals.
The profiles are then matched electronically and a list of meetings is generated for participants based on their preferences.
At the event, numbered stations are set up where participants meet with their assigned partners according to their list for a set period of time.