fantastic article! Sometimes we need a reminder to work together in order to achieve our goals.
Attract and Delight More Customers While Spending Less – by Forging Smart Partnerships
Use the most efficient tool for attracting and keeping customers - becoming their top of mind choice, by author of SmartPartnering and Walk Your Talk
1. Give People Another Reason to Try Your Service or Product
That’s how Applebee’s and Weight Watchers attracted new customers without advertising more. When Weight Watchers designed and branded low-cal menu items for Applebee’s, followers of their diet program could eat out without guilt, at Applebee’s. Applebee’s fans got a first-hand introduction to Weight Watchers.
2. Become Their Top-of-Mind Choice. Offer a Tantalizing “Extra”
Who knows how many people chose to stay at the Ritz Carlton rather than at another luxury hotel because of an added thrill - complimentary use of a brand new Mercedes during their stay? Mercedes & Ritz Carlton forged a smart partnership and became the top-of-mind choice with their kind of (upscale) customers and so can you - regardless of the kind or size of your business.
The bonus benefit? Priceless media coverage of your "first-ever" offer.
3. I Got Shot and Thrived
What happens when pediatricians join forces with a bike shop owner, pizza store manager, school principals, city health clinic directors and others to better reach and serve their common base of customers: families with young children?
Together, they did what they could not have accomplished on their own. They offered a highly valued, emotionally-loaded and media-attracting service AND increase foot traffic into their stores and offices: "I Got Shot" free immunizations for kids on Saturdays just before school started.
Pediatricians gave immunization shots at convenient times in a roomy, cheerful childrens' store, with a party atmosphere where the kids were the center of attention. Parents heard about the offer through all the participating outlets and received free snack coupons after the kids received their shots so they could reward their children with a snack from a nearby store. Partners could provide better, more news-catching service at less cost - and inspire greater community and customer loyalty.
4. Coddle a (Local) Lucrative Niche Customer
Last Valentine’s Day, several neighborhood businesses -- including a, women’s medical clinic, florist, health food store, clothing boutique, shopper newspaper, museum store, gym, bookstore and beauty salon -- joined forces for a month-long promotion to attract and serve women.
The bookstore hosted a series of “Beauty Inside Out” - themed series of in-store demonstrations and mini-seminars each led by a manager of one of the participating businesses and highlighting a book collection and the local partners’ related products and services.
Each presenter provided a handout that included reference to at least one of the other partnering organizations, plus a joint offer of services with one of them. As well, each presenter wrote a guest column based on their presentation, which was featured in the shopper newspaper, with the author’s follow-up offer and e-mail noted at the bottom of the article. Of course each column author quoted others in this mutually beneficial alliance.
5. Give Your Niche Market Something They'll Love to Talk About
A. To reach men in hotels, bars, sports arenas and restaurants, advertisers used the Wizmark, otherwise called an "interactive urinal communicator.” As men step up to the urinal they activate, with the slightest movement, a sensor that prompts red lights to flash, crunchy guitar chords to sound and a 30 second commercial to appear. Yes women, the male response has been positive.
B. Guests at the Holiday Inn Express get the opportunity to enjoy Kohler’s new multi-function showerhead and spa bath. Via a bed side coupon, Kohler gains a low-cost new product introduction by providing the product Holiday Inn at the same price as the basic showerhead. The hotelier can offer an upgrade benefit that costs them nothing.
How could the experience at your outlet be enhanced by a partner's product?
Start Partnering, the Smart Ways and Grow Your Business Faster
All these success stories are examples of profitable partnerships.
Want to spend less time selling and promoting and more time doing the work you love - and enjoy your success with others? You can. Just join forces with other reputable organizations that serve the same kind of customers.
Focus on forging the profitable partnerships that generate differentiating value and visibility. Then you can devote more time delighting your customers and attracting fervent referrals by improving your products and your customer service. Act now, before your competitor grabs the best partners and uses the most profitable method.
Here's more quick snapshots of real life successful partnering methods that you can adapt to get your business (or other organization) growing faster.
6. Get Introduced to Prospective Buyers Where Your Competition Isn't Even in Sight
That’s why those who fly on Delta Air Lines airlines now see cabin interiors and flight attendant uniforms created by clothing designer Kate Spade. How can your on-site experience be heightened with the involvement of a partner’s products and services?
7. Become a Bigger Customer Magnet by Offering More Helpful Tips Than Your Competitor
That’s why, when pillow-maker, Leo Hollander decided to drop private labeling work in favor of launching his own brand, he recruited complementary partners. On his "Live Comfortably” web site, he provides articles by a feng shui expert, a chiropractor, and a color specialist. Result? He boosted all partners’ visibility and credibility – in front of their mutual market of customers.
8. Foment a Fun & Fast Fundraiser
That's how firefighters in the town of Toluma got a badly-needed but expensive piece of equipment, a deluge gun, without asking their cash-strapped city council for a single dime.
Here's how. Business was slow all over their town. The firefighters were getting nowhere when they asked for donations from business owners experiencing a weak economy.
Yet when they approached the manager of a Pizza Hut he said he didn't have the authority to donate money, but he had a better idea. "Here's what I can do. We can pick a Wednesday, say four weeks from today for an “Our Community Cares” day here. I make $500 or so on Wednesdays. On that day, after we sell $500 worth, every dollar after that I'll split 50/50 with you. So if you inspire enough people to buy a pizza on that day, you can raise more money than you just asked me for."
The firefighters loved the challenge. They prepared banners and asked the local supermarket and gas stations to put up on their outside walls. They had signs and announcements printed for free by the local copy shop ˆ with a bright red *donated by* credit line to the copy shop on them.
The headline on the signs and flyers read, Eat at Pizza Hut. Save a local life. They visited offices complexes, even those with signs that read "No soliciting." (Who's going to kick out the volunteer fire department, right?) They went to apartment complexes, video rental outlets, grade and high schools. They put flyers and signs everywhere. Once people heard about their cause, handing out flyers was like giving away candy. The local radio and newspaper gave them free coverage talking and writing about their inspirational community story.
When the Wednesday‚ comes around, the place was packed. They made enough money to get the Deluge Gun. Most importantly ˆ it was a fair partnership because everyone contributed, so participants are likely to want to work together again.
Bottom Line benefit:
SmartPartnerships generate a profitable payoff for all partners because, at the very least, they get a credible introduction to each other's customers. What could be better than reaching prospective customers through organizations they already know and trust?
Learn more about the author, Kare Anderson.
Comment on this article
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Posted by Regina Frau, MBA, , Marysville, Washington | Feb 07, 2008
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Posted by Ian Ejan, Rancho Cucamonga, California | Feb 08, 2008
Hi Kare, (pretty name)
Principle # 7 is my favorite!
I always believe in give, give, & give some more. Giving away your competitions "USP" for free is the ultimate competition killer.
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Posted by Colleen Wainwright, Los Angeles, California | Feb 14, 2008
Kare, I love your writing, your examples and your attitude. You make things seem so clear and simple!
The big thing I'm working on now is asking for help: I guess it's working; at least the universe is listening!
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Posted by Molly Gordon, Suquamish, Washington | Mar 26, 2008
I'm late to this party, Kare, but glad to have arrived. Your examples are vivid and feel replicable. Thank you!
I have a question for you. Over the years I have been approached by many people wanting to be partners. Often I have been too busy to give them real consideration. Other times it has seemed to me that the proposed alliance was pretty much one-way. And still other times the market match was wrong.
Can you suggest criteria for a strategic alliance that works?
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Posted by Kare Anderson, Sausalito, California | Mar 27, 2008
Molly
- Keep the first partnership very simple (a one-time action or offer)
- with someone you know and respect
- who clearly serves the same kind of clients as you do
Also,as much as I appreciate the "giving" comments above the people who most enjoy partnering and generate more value, visibility and money are those willing to find the sweet spot of mutual benefit.
Sufi saying: god smiles on equal partnerships.
Co-equal partners creates more camaraderie and innovation than one-sided giving, in my experience, having crafted over 50 partnerships, teaching and speaking about this approach for several years and observing others use it well.
Perhaps one day I can do a pro bono seminar on SmartPartnering for Biznik in Seattle. Did a great interview with Dan McComb earlier this week which will post later in April on MovingFromMetoWE, fyi.
See more info on SmartPartnering at many places online including here http://www.buildabetterblog.com/2006/08/smart_partnerin.html
Article tags
- smartpartnering
- marketing
- collaboration
- co-creation
- cross-referral
- social media
- product placement
- bundling
- kare anderson
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