Why partnerships are your secret weapon to building referrals

Why Partnerships Are Your Secret Weapon to Building Referrals

Generating referrals is the key to securing your business’s long-term success, and it can feel like a pretty massive undertaking. One way to lighten the load and help you to create a more sustainable stream of referrals is to build partnerships.

Why go it alone when you could instead join forces with other business owners and make the referral process easier for both of you?

Types of Partnerships

When you’re thinking about establishing partnerships for your business, there are a few different types of relationships to consider.

Strategic partners. These are businesses or individuals who provide a good or service that is directly tied to your business’s product offering. If you’re a graphic designer, you want to have a trustworthy copywriter who you can suggest to your clients.

Content partners. A network of publishers, bloggers, and those in need of content for their own sites can help you to spread your business’s name, mission, and unique point of view to a whole new audience of people.

Co-marketing partners. These are business owners whose business models have some sort of synergy with your own company. If you’re a plumber, this person might be an electrician or contractor.

As a fellow business owner who’s not in direct competition with you, but does business with a subset of the population who might also have an interest in and need for your business’s offerings, these relationships offer easy cross-promotion opportunities. Bonus points if you can create partnerships that are unexpected like the ones we’ve outlined here; unique partnerships can generate even more marketing buzz!

There are a variety of reasons to consider each type of partnership, and there’s a different value-add that comes from each one. That’s why it’s important to focus on building up a comprehensive network of partners, with different partners from each type of group.

Become a Trustworthy Guide for Your Customers

No matter what business you’re in, there are a lot of other businesses out there that do what you do. While a key part of standing out from the crowd is making sure you have a clearly defined value proposition, another thing that will keep customers coming back again and again is that they see you as more than just a provider of a good or service—they see you as a trustworthy partner and advisor.

One way to become a trusted partner is to tap into your network of fellow business owners who you yourself know and trust. When you’re able to suggest other service providers to your customers, it makes you seem like someone who’s in the know and who truly has your customers’ best interests at heart.

Let’s say, for example, that you own a rare used bookstore. A customer comes in and buys a first edition of a work by their favorite author, but then they want to be sure they’re going to be able to care for their new, beloved purchase. You should be able to provide them with a list of trusted partners—a bookbinder who can help restore the original leather cover, a vendor of special boxes for book storage, or an appraiser who can help set the sale price for another rare book in their collection.

These partners need to be people that you know and trust; you’ll do more harm than good if you suggest another business who does not do right by your customer. But if you do have a strong network of other worthy businesses who can provide a service that’s of real value to your existing customers, then you establish yourself as a trusted source of knowledge in your industry, and the next time your customer is looking for advice or to do business, they’ll be coming back to you.

Move Up the Hourglass

There is a lot of work that goes into winning over new business, particularly if you’re starting from scratch. For someone to decide to go with your company, there are four steps in the marketing hourglass before a new customer even makes their first purchase. And there is a tremendous amount of effort and money that can go into those first four steps.

For someone to come to know and like your business, there are marketing and advertising dollars to be spent. To establish trust, you need testimonials. For the trial phase, you need to create products or services that you’re willing to give away for free in hopes that it converts your prospect into an actual customer.

Establishing partnerships, however, allows you to leap over the heavy lifting associated with these steps. You don’t need to spend excessive amounts of money on advertising and marketing to prospects when you have a solid partnership network who will refer their customers to your business.

A prospect who has been referred to you by a business owner they already know, like, and trust, will have an inherent level of trust in your business. This allows you to jump ahead and move right to the try and buy portion of the hourglass.

Double Your Network Overnight

As the old saying goes, two heads are better than one, and that’s particularly true when building up referrals. You’ve worked hard to create repeat customers, and new customer acquisition is a costly endeavor. You know that other small business owners have put a lot of blood, sweat, and tears into creating their own roster of return clients. Why not come together with a fellow entrepreneur to double your network overnight?

When you establish a strategic or co-marketing partnership, suddenly you have access to another business owner’s entire rolodex. There’s no competitiveness there, because you offer products that are related but different, and so you’re willing and able to share your existing network with this other business owner.

Additionally, you can consider creating new marketing campaigns that are a joint effort. While you double your reach, you can also halve your costs by splitting advertising fees with your new partner. Running joint promotions for your business can allow you to catch the eye of your established customer base, their established customer base, plus those who are new prospects for both of you.

Referrals are the lifeblood of any business. Why go it alone on this important road to generating referrals when you could join forces with another like-minded business owner? Together, you can help each other to create a sustainable referral engine that will continue to benefit you both in the long term.

 

How to craft the Perfect Email

How to craft the Perfect Email

Some small business owners are intimidated by email marketing. Having to write an individual email is scary enough if you don’t consider yourself a writer. The thought of sending an email out to an entire mailing list can be downright terrifying!

Fortunately, the perfect email is about more than just writing. And even for the written elements, once you’ve figured out the essential components, it’s easy for even those more timid writers among us to excel.

Here are the steps that go into crafting the perfect email.

Start with a Strong Subject Line

According to Campaign Manager, the average office worker receives 121 emails per day. That’s a lot of activity in just one inbox, and it means that you need to do something from the start to catch your readers’ eyes.

This starts with a strong subject line. There are a number of approaches you can take to make sure your subject line stands out. Consider including one of the following elements:

Create a sense of urgency – “Sale ends TONIGHT at 9pm”

Make an offer they can’t refuse – “Free shipping on orders of $25 or more”

Pique their interest – “What’s the secret to maintaining a healthy lawn?”

Provide value – “5 Tips for Hosting the Perfect July 4 BBQ”

An eye-catching subject line just might include an emoji, too. Of course, including emojis won’t be the appropriate choice for all businesses, but for some it can be a fun way to stand out in a text-heavy inbox.

Personalize the Message

There are a few steps that go into personalizing email messaging. You should begin by segmenting your lists. By breaking your customers and prospects down into groups based on demographics (like age, location, or gender) or by behavior (past purchases, most recent interaction with your brand, etc.) you can target different subsets of your population with messaging that will be most relevant to them.

This doesn’t mean you need to reinvent the wheel for each variant, but there are little steps you can take to tweak the messaging to best appeal to each group. Let’s say you own a landscaping business. You’re offering a big start of the summer promotion; anyone who schedules regular yard work appointments at the start of the summer will get 10 percent off each session.

This is great news for all of your customers, but you can tailor the messaging based on how you’ve segmented your list. Let’s say you’ve broken your list down by types of services those customers currently receive. For those who take advantage of your gardening services, make the messaging about how you’ll keep their flowers in bloom all season long, for a fraction of the price. For those who use your lawn mowing services, the email can say something like “The only thing better than the smell of fresh-cut grass is saving 10% off your lawn care services this summer.”

To further personalize the messages, take advantage of merge tags, which allow you to include the name of the recipient in the greeting, rather than a generic “Hey there.”

Write Smart Body Copy

This is where those non-writers start to get intimidated. What is good copy, anyway? Really it’s about being concise, clear, and helpful.

Keep sentences short, eliminate jargon and technical speak, and make it very clear what you’re offering in your email. Because we do all get so many emails each day, no one has time to sit down and read a thousand word email. Keep it to 250-500 words maximum, and devise ways to draw attention to the most important keywords. This can be as simple as bolding relevant text or including an image that draws the viewer’s eye to the most critical part of the message.

If you’re feeling shaky in your copywriting skills, check out this list of dos and don’ts.

Incorporate Elements Beyond Text

Creating the perfect email is all about standing out from the crowd. And what better way to do that than to add elements beyond text? A stunning photo, an informative infographic, or a quick video are all ways to add other media into your messaging.

If you’re going to go this route, set it up with a brief sentence or two, and then let the media speak for itself. If needed, include captions on images so that viewers have more context. Videos should also include subtitles, so that those viewing in a place where they can’t turn their volume up can still grasp the content.

End with a Call to Action

Once you’ve dazzled your readers with relevant, personalized content and exciting visual elements, it’s time to bring it on home. One simple, clear call to action that’s tied in with the rest of the email is the way to do that.

If your email was about a sale going on right now, include a “Shop the sale” button that takes readers to your e-commerce site. If your email was an offer for a free ebook, end with a “Get the book” link. Whatever the case may be, make sure that the call to action flows with the rest of the email content and is set apart visually so that readers can’t possibly miss it.

And Don’t Forget the Unsubscribe Option

Last but not least, you want to give your readers a chance to unsubscribe. Not only is it the law to give folks a chance to opt-out of your marketing messaging, it can also help you maintain a clean email list. When your email is going directly to spam folders or getting deleted without being opened week after week, that puts you at risk of being punished by ISPs. A clean email list, with higher open rates and fewer people marking you as spam, ensures that your messaging is ending up in the inboxes of your most engaged subscribers.

Once you get the hang of creating compelling marketing emails, you must keep it up! Staying in regular contact with your subscribers is the best way to remain top-of-mind, so establish a cadence for your email marketing and stick to it.