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How to Get the Most from Networking and Partnerships

Get the most of of your contacts - new and old

Old Relationships

I have a lot of “seasoned” friends and colleagues who have been in business for a while. They all started out young and aggressive with networking associations. But at some point, they all got wrapped up in running their business, or just got tired of a packed calendar and early morning coffee meetings. During their “networking years,” they built a lot of great relationships and have somehow lost touch with many of them. However, ask anyone if they know Sherry Wheat, Frenesa Hall, Richard Kirby or Chris Lambrect and you will hear a resounding YES, I know him/her! I need to touch base again.” (If you don’t know any of these great Atlanta business people, ask a friend. I bet they know them).

Now, what we are seeing is a reconnection to old friends and colleagues through Linked-In, newsletter programs, personal contacts and newly formed networking associations. You can use the same methods of communication for re-connecting with others, but the relationships tend to be easier and the conversations more effective. Explore new ways of connecting with one another, the new circles each of you travel in, co-marketing initiatives, referral sources, etc.

Strategic Partners

Now this is where you start to really see things happen with strong relationships! We recommend that our clients take stock of their assets, such as marketing properties: databases, recurring direct mailings, co-op sponsorships/events, newsletters and websites, facilities for seminars, and other resources that may be under utilized. Once you determine what your assets are, leverage them to provide your partners with marketing opportunities and additional value to your clients.

Remember to Give FIRST, ask for opportunities later. Many times you won’t even have to ask. Get a sense of what their assets are. You may have to take the initiative to determine how you can best leverage their resources.

If you have good synergies with these partners, take it to the next level. I met Sherry Wheat, almost 10 years ago when we were looking for a lead generation solution. We reconnected a few years ago through a Vistage meeting and starting getting to know each other again. Referrals turned into joint ventures. Now we are moving even further to provide integrated marketing solutions and co-marketing initiatives. I have Sherry to thank for being a great role model for me, as well as some great business referrals.

Natural Marketing Services, LLC - NMS Marketing Strategy and Design

By Bernadette Peters, Natural Marketing Services, LLC

It’s a NEW year with a NEW economy. Ask any business owner if they are doing anything differently this year for their marketing, and you will hear a resounding YES! . . . even if they don’t know what it is yet.

With a pinch on budgets and the inundation of high tech marketing communications, professionals are returning to a high-touch, relationship-oriented approach to marketing. Here at Natural Marketing we call it grassroots strategies. The origin of these marketing programs is PEOPLE. Networking relationships and strategic partners become the catalyst for effective marketing, cost-effective co-marketing and an abundance of referrals. So how can you best leverage your contacts and partners?

New Relationships

Long gone are the days of rubbing elbows at the Chamber of Commerce meeting, handing out a plethora of cards, and expecting the phone to ring the next day at the office. In fact, this strategy has been ineffective for some time. Building new relationships takes time and energy, but the pay-off can be amazingly fruitful.

Figure out where to go first.
Don’t load up on networking meetings unless you are just checking them out to see if they meet your criteria for a good association. Ideally, you will want to narrow down your associations to around three (or whatever you can be actively involved in without losing your mind. You can join a close-contact group, trade association, community-based organization, business group, etc. There are few things to consider when selecting an organization.

  o members: are key influencers in the community, prospective referring partners? who attends the meetings?

  o resources: do they give you access to member contact information and opportunities to meet key contacts?

  o cost: is it worth the dues and time required?

  o involvement opportunities: can you volunteer or serve on a committee for maximum exposure?

Reach out 4 times in 3 weeks:
Marketing experts say that we must touch a new prospect 3-4 times in the first 2-3 weeks after meeting them in order to solidify the relationship. That may seem like you are being a pest, but if you reach out through a variety of channels you are remembered without being annoying. Mixing communication channels can be as simple as an email, letter and phone call. The key is to give first and ask for something later, and tie in to the previous communication.

You can speed up this process by having a series of templates that you customize: your phone call scripts, emails and mailers. Now if you really want to make a friend, give first. Don’t sell anything or ask for anything in the first couple of touches. This opens the contact up and motivates reciprocation.

- connect with them on a personal level (shared interests, family, common causes, etc.)
- explore the possibilities of a strategic alliance or co-marketing
- ask for their advice or expertise (if it doesn’t require a lot of their time)
- ask for a referral to a service-provider in their sphere of influence
- offer free advise, an article or tool in an area of pain that they have expressed

Once these several touches have been made, you can touch that person periodically throughout the year, including sending them your newsletter (with permission of course).

 
 
 
 
 
 
 
 
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