Copyright © 2010 Judy Murdoch
The most potent marketing strategy for any small business owner is not a great website, or lots of Facebook friends, or a killer networking plan.
The marketing strategy that will get you faster and farther than anything else put together is developing strategic alliances with other businesses so you can promote each others products and services.
Strategic alliances are powerful because:
And how do you find strategic partners? Well, you decide the qualities of an ideal strategic partner for your business; you begin to identify those businesses; and you get in touch to suggest a partnership.
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Problems with Proposing Strategic Alliance
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I was inspired to write this week's article because I've received several strategic alliance requests recently that were really, really off-target.
And I thought it might be helpful to share with you what I consider an effective way to propose a strategic alliance with another business.
To illustrate effective and ineffective approaches to strategic alliance proposals I'm going to use those heroes of doctor's office waiting rooms: Goofus and Gallant.
If you didn't spend much time in doctor's waiting rooms during the 60's and 70's here's a quick explanation: Goofus and Gallant was a feature in Highlights: a children's magazine which offered entertaining and educational information for school-aged kids.
Goofus and Gallant was a comic with two boys--Goofus was a jerk: inconsiderate and selfish. Gallant was, well, gallant: considerate and polite.
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Strategic Alliance Proposal: Goofus-Style
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When Goofus writes to a prospective strategic ally, his is interested in one thing and one thing only: what he, Goofus, will gain.
It's all about Goofus.
Things Goofus does when he writes his proposal to make sure there's no question who the proposal is all about:
Now, confession time, I'm guilty of sending Goofus-style proposals. Why? Mostly because I didn't know how to write something more effective.
Fortunately, I've learned how to write a proposal that actually connects with prospective allies.
Read on for the Gallant-style proposal.
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Strategic Alliance Proposal Gallant-style
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To sum up Gallant's approach, Gallant assumes that the business owner he's approaching first needs to be able to trust that Gallant wants a win-win partnership before they'll take the next step.
Here is what Gallant does to make sure his proposal clearly communicates that he wants everyone to benefit.
He knows who the key people are in the business, he knows what the business' products and services are, he's visited their website and perhaps he's even read a few articles written by the business owner.
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Why Companies Don't Use the Gallant-Style Approach
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The biggest objection is "it takes too much time." And the Gallant-style approach for sure takes longer than the Goofus-style approach.
No argument from me.
But if you look at the time spent from the perspective of which hours produce the best results in terms of attracting profitable strategic partnerships, Gallant-proposals are a lot more effective.
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Burning Bridges versus Opening Doors
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Plus, a "no" to a Goofus proposal is usually a "no and don't come back." Goofus proposals result in slammed doors and burned bridges.
Gallant proposals that don't result in a "yes" or a "let's talk more" usually result in a "let's talk in six months" or "it doesn't fit what we need but here's someone who could use what you offer."
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Bottom Line
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If you approach other businesses to ask about strategic partnership opportunities and you're not much response, you may be sending Goofus-style proposals.
Gallant-style proposals require extra time and effort to personalize and speak to specific win-win benefits, but every hour you spend putting effort into a Gallant-style proposal is easily worth the effort of sending 100 Goofus proposals.
Not to mention the doors that open when the company you're approaching feels truly seen, heard, and appreciated.
About the Author:
Judy Murdoch helps small business owners create low-cost, effective marketing campaigns using word-of-mouth referrals, guerrilla marketing activities, and selected strategic alliances. To download a free copy of the workbook, "Where Does it Hurt? Marketing Solutions to the problems that Drive Your Customers Crazy!" go to http://www.judymurdoch.com/workbook.htm
You can contact Judy at 303-475-2015 or judy@judymurdoch.com
Follow Judy Murdoch on Twitter.
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