Loading...
Answers
MenuWhat are some recommended ways to generate leads and establish B2B strategic partnerships to drive sales for early growth?
Is cold calling ineffective versus leveraging a social media platform like LinkedIn for getting in the door? How can an emerging business leverage Clarity or LinkedIn to find connectors willing to make introductions?
Answers
Inbound marketing is currently the greatest ROI method of generating demand for your offering. This really boils down to putting out high authority content through Search and Social channels so you can start to engage with prospects and steer them inwards to your automation system. From there lead nurturing takes over to heighten their trust and knowledge to create sales ready leads.
Cold calling is a low ROI method and really only works well with highly targeted segments from our experience. LinkedIn is good for B2B and strategic B2C. Partner Marketing can help to create ongoing lead flow of high quality if done right.
You may call me if you want specifics on your situation. More detail from you will allow for a more relevant answer.
For forming strategic partnerships, we've gotten the best results by doing favors for other companies without expectation of a return favor. Sometimes there isn't a return favor, which is fine. Other times, the favor is a catalyst for a conversation that leads to a great partnership.
This highly depends on your product or service. The cold calling approach could work if you have a clear value propositions that is easy to explain. However a cold call should be well researched. Who is the actual decision maker and is there a high likelihood that your service is of interest. Then is is pure math. In India a business analyst doing the research and making the calls cost 700 dollar per month. He is able to set up 10 meetings per month, of which 0.5 projects come out. This is for it services, but can give you an idea on the acquisition cost per project. If you are looking for partnerships such as joint ventures, distribution, affiliates, licensing I would always find a trustworthy door opener. Here also you must have a strong well researched concept ready to quickly show a true benefit for the partner. I have seen to many let's meet and see what we can do presentations. Best to provide clear numbers and Ideally a financial commitment from your side, this will move things for sure. For early growth and high strategic value, you could consider and equity stake for the partner with clear deliverables. Then you have to convince him about your growth story. In this event you might have a different person to talk to. Good luck
Related Questions
-
My company is growing and expanding.. do you suggest franchise or partnerships?
Can the model be franchised? Are your margins large enough such that a franchisee will be able to make a profit AND pay your franchise fees? If you go down the franchise route, you will be changing the nature of your business from being a gym operator to being a franchisor, or seller of business systems. Do you have your systems perfected to the point where someone will pay for them? Do you have the resources to start supporting the needs of franchisees? What kinds of needs will they have? Coaching, support, etc. They will be expecting innovation in marketing and product delivery from you. Are you prepared to sell off your existing locations as franchises and focus solely on this new business model for yourself? In 2007 I owned a small business with a partner and faced the same question you are now. In the end we decided to sell our operating company and sell the IP within our systems in a 'do it yourself business kit.' It's worked brilliantly because we required no further investment but get a cash flow from the materials. If you'd like an idea of how to format an attractive franchise opportunity. I recommend my recent book Franchise Warnings. Available from Amazon.DC
-
With $28,000,000 in Appraised assets,What is the best approach- time spent to finding the right partner-resources.Let them find you or seek and find?
There are a couple of key questions embedded in your decision that aren't addressed in your description that make this difficult to provide input: What are you looking to gain with a partnership? (capital, connections, expertise, access to customer base) How much and on what timeline? To use for what specifically? (equipment, facilities, labor, marketing) How will it enable you to grow? (efficiencies, new markets, additional revenue streams) Is your objective incremental organic growth, "hockey stick" growth or other? How urgent is the need? (Do you have working capital? Are you pre-revenue, break even or positive? Is it sustainable?) Happy to discuss in detail once I have a bit more perspective on your situation. Best, TamarahTB
-
Should we use another small startups API for a core piece of functionality or build a 'lite' version of our own?
So the question is what are your "Plan B" options. Let's assume for a sake of argument you've weighed the options (build your own, buy from an established competitor, partner with this startup) and you've decided that partnering is the best option. One way you could protect yourself in the event this company either shuts down or pivots and no longer supports what you need, you could negotiate to have the code put in an escrow account that has triggers to release the code to you. You of course will be restricted to the usage (e.g. you couldn't take it and compete). I've used escrow agreements in past deals and can discuss the details if your interested. Caveat, I'm not an attorney so can only provide business advice. Good Luck!GS
-
What is a good strategy to find new customers, either B2B or final customers?
Find organizations that are already sponsoring or buying gamification for their online marketing, and approach them. If you make gaming apps, look at who is already promoting their products or services through similar means. You have a common issue here which is this: for most prospects, you'll have to make TWO sales. I dislike this situation and avoid it whenever I can. First, you must sell them on the *idea* of your solution ("This game will help you increase customer involvement and retention, and convert into more sales".) Second, you must sell them on the idea of *you* as the solution provider. I look for situations where there is only the one sale to be made: you as the solution provider. If you have to sell them on the original idea, it's too much work. If they're already using these media to reach their target market, they already know its value. You don't have to sell them on that. You just have to get their attention and assure them that you will get them results.JK
-
Investor and strategic partner wants to do similar/same business with his brother in 2-4 years whilst still being a partner with me
Hi, Legitimate question. Business wise, it would not make sense to train someone who you know - in advance - is going to be a competitor. That said, there are so many competitors in the industry that you are talking about, so this makes what your partner is doing a little less strange. The ideal solution would be to condition the little brother's training and involvement on the following: 1. a minimum time investment in your company - meaning he has to devote x amount of work hours (with no payment or minimum wage). 2. You get a percentage in any future profits he generates through his future business (assuming it is indeed in the same industry/field). So basically, you will be training someone to setup a company in which you also get percentages from the profits, which makes his training an investment, and not a competitor. on a personal note: you could have written your question in 1/4 of the length/space - this is something that you should work on if you're going to be dealing with customers and people (please don't be offended, we learn from feedback, not praise). I've successfully helped over 300 entrepreneurs, startups and businesses, and I would be happy to help you. After scheduling a call, please send me some background information so that I can prepare in advance - thus giving you maximum value for your money. Take a look at the great reviews I’ve received: https://clarity.fm/assafben-david Good luckAB
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.