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What exactly is networking and why is it important?

mujerdetussuenos: What exactly is networking and why is it important?
What is networking and why is it important for businesses and just in general?
(I heard somebody say once that she was going to a party to do some networking.)

Answers and Views:

Answer by Mo
Networking is establishing relationships with people who can help you on a personal or professional level where the relationship established will be a win-win relationship.

For example: I meet someone who fixes major appliances and I am a realtor. This person can help me fix appliances in homes I sell (for my sellers) and he makes money from the extra business and the sell price is maintained or grows in cost because the appliances are all working.

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