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Pauline Martin-Brooks | How to Attract Strategic Partnerships

  • Department: Marketing
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Overview

This document defines the process of identifying, attracting and winning strategic partners. A strategic partnership can be an excellent way to grow your business by connecting with large customer databases in less time.

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System Architect: Pauline Martin-Brooks

Website: www.helpmescale.me

Generated as part of the www.BusinessSystemsSummit.com

Video

The Process

Step 1: Identify the types of partnerships that compliment your core offering.

  • If you get creative, there is no end to the businesses you can partner with. Here are a few suggestions:
    • Affiliates – will work with you when they have the time and when they need the money.
    • Content Partners and Blog Contributors – you’re sending traffic to them and they’re sending traffic to you.
    • 2-Way Referrals – the perfect partner who you can help and who can help you.
    • Joint Webinars – where you present to someone else’s audience.
    • Speaking Opportunities

Step 2: Do these things prior to starting a partnership.

  • Make sure you have a great Lead Magnet / Freebie / Opt-in / Taster, etc.
  • Setup Facebook Pixel to re-target the people who don’t take action on your lead page.
  • Create a nurture sequence – have a series of small emails which build trust and directs them to blogs you’ve written. The more you can automate this, the better.
  • Video – have it on your About page and LinkedIn profile.

Step 3: Brainstorm your perfect product and services partners.

  • Build a profile of your ideal partner.
    • What compliments your core offering?
    • What do people need before they need your products and services?
    • What do they need after they’ve had your products and services?

Step 4: Research providers – find out who offers these products and services in your area.

  • Make a list with the providers of your perfect product and services and rate them from top to bottom.
    • Subscribe to their opt-in form.
    • Download their Lead Magnet. Would you share it?
    • Repeat for 10–30 prospective partners.
  • Learn more about the prospective partners.
    • Do they email their lists? If so, how often?
    • Did they offer another product or service? If yes, make note of who they promoted as that may be another partner.
    • Did they provide value through their emails? Rate it from 1 to 10.
    • Did they provide value in their lead magnet? Rate it from 1 to 10.
    • Does their messaging feel right to you? Rely on your gut.
    • Does it align with their values? More importantly, does it align with yours?
      • Tip: Go through the journey you’re expecting your client to take.
  • Shortlist the prospect partners that rate highly, has great lead magnets and provide value.
    • Suggestion! Once you do the whole process yourself you can outsource the research of the prospects, list creation and shortlist candidates.

Step 5: Connect with your potential partners.

  • Engage on other social media platforms – Connect on LinkedIn, join Facebook groups – share, like and comment.

Step: 6: Create a pitch that outlines the benefits of them partnering with you.

  • What are the benefits to you, to them and to clients? Win-win-win.
  • Who are you?
  • What are your values?
  • Who do you help?
  • What do you help them with?
  • Anything else that stands out about your company versus a competitor?

Step 7: Prepare your post-call email template.

  • Create a canned response:
    • Re-iterate the benefits of partnering – “I know who you are, I know the value that you bring and I want to share it”.
    • Ask about the next steps – how you can move forward.
    • Don’t sell the sausage, sell the sizzle. Don’t put too much into the email. Be respectful of people’s time and energy.

Example: Thanks for your time. It was lovely to connect with you. I’ve been on your list for 6 months and I’m really impressed with what you’re sending out. I particularly love your lead magnet. I’d like to talk with you about sharing it with my clients.

Tip: This kicks off the law of reciprocity. The response will be “… what can I do for you?”

Step 8: Call the company you’re pitching to.

  • Refresh yourself with their website / LinkedIn / YouTube channel and look for: products or services they offer, about page, team, values and testimonials.
  • You need to know:
    • What the company does
    • Who their raving fans are
    • The quality of their lead magnet
    • You are willing to share it
      • Tip! The more you know about each other businesses the easier it will be to create a win-win partnership.
      • Tip! Try to speak to the business owner. Call at about 8:15 am to avoid the “gatekeeper”.

Step 9: Build rapport – be conscious of the other person’s communication style.

  • Wait for them to say hello, listen to how they say it – do they sound rushed? Do they speak slowly or quickly? Noises in the background – are they driving? The art of listening – pick up anything you can.

Step 10: Keep exploring and communicating – the fortune is in the follow-up.

  • Send follow up emails – stay in touch
  • Keep the communication open
  • Make sure you both know what the next steps are
  • When they are to take place
  • Who is responsible
  • Measure
  • Tweak
  • Repeat

Email Templates

Attachments

Additional Resources

Download Pauline’s free report: How to build instant rapport: www.helpmescale.me/bonus2017/

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