Put the advantages of strategic alliances to work for you.
(And In The Process Out Promote Your Big Buck Major Competitors!)
If you’ve ever wondered how the advantages of strategic alliances can help you, especially when you’ve got tons of competition in your particular industry and a nagging recession as well.
Then this particular post was created especially for you.
Because too many times (extremely) cash starved struggling small business owners (and or service providers) overlook the obvious.And whined up, making, earning a profit far more difficult than it needs to be, not to mention more expensive.
How To Put The Advantages Of Strategic Alliances To Work For You!
How many times have you heard the term “leverage” used as it applies to business. Without a doubt, by putting the advantages of strategic alliances to work for your business, you can harness incredible leverage.
Case in point; suppose you (or someone) you know currently runs one of those local (offline) phone answering services.
Like every other business, you invest a certain amount of your available cash, in traditional advertising in order to create new first time customers.Correct?
And as you’ve already discovered in a previous post, it typically cost the average small business owner about 500% more to acquire (or create) a new first time customer.
So doesn’t it just make sense to dramatically lower your upfront out of pocket costs and create new potential long term customers for pennies on the dollar.
While simultaneously helping another savvy small business owner systematically increase their profits as well.
Whenever Two Companies That Share The Same Customers On A Non Compete Basis Get Together! (Good Things Tend To Happen!)
Suppose you and the local phone answering service (decide) to help each other (inexpensively) grow your businesses.
Since your service (a local CPA) firm, specialises in helping small business owners ( LLC ‘s & S Corporations) maximize their tax savings.
And because you’re an extremely savvy small business owner, you’ve created three free “how to” special reports that typically retail for a total $67 dollars.
Since your service is non competitive to the local answering service (and) you both need the exact same customer, but obviously for different reasons.
And the two of you (meaning) the owners of the companies, have known each other for several years, as a direct result of being members (in good standing) with the local chamber of commerce.
You offer the phone answering service your three free reports (valued at $67 dolllars) and allow them to give them away as a powerful free bonus gift to any of their customers that do any of the following four things.
1.) They give the phone answering service a bank account filling testimonial, be it a video, written and or audio version.
2.) They sign up for a free 30 day trial subscription and they get to keep all three bonus reports (a $67 dollar value), even if they decide to cancel the service after just 30 days.
3.) They refer any new first time customers that retain the service beyond 30 days.
4.) They personally introduce your firm to other local small business owners that they can make the exact same strategic alliance (aka) joint venture arrangement with.
Needless to say, you’ll inexpensively create a bare bones minimum of 25% more businees for little or no major increase in upfront expenses.
Of course, you’ll need to inexpensively test various elements of this approach with the other small business owners, in order to maximize your gross profits.
Because without a doubt, this type of non techie (low cost) marketing approach, will aptly demonstrate the enormous advantages of strategic alliances.
No matter what your particular niche is.
Q.) How soon will you put the enormous advantages of strategic alliances to work for your business?
As always, if you got any value out of this post, please Digg or tweet this.Thanks!
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