When
it comes to marketing, offline businesses could do a lot worse
than following in the footsteps of online businesses, especially
their use of Joint Venture (JV) Marketing. That's when you
market your product or service to the customers of another
business, usually complimentary to your own.
For
example, say you own a pool service and you know of a good
landscaper who also services your community. Usually people
with pools also have a yard that needs to be maintained. Why
not team up and recommend each other's services? The landscaper
would certainly notice which yards have pools, and you can
probably tell which of your customers need help with their
gardens. Here is a joint venture waiting to happen. But will
it?
Not
from what I've seen. So many small business owners are paranoid
about collaborating, as if a dollar into your pocket means
one less for them. They act as if their customers won't pay
for both a gardener AND a pool man. Nothing could be
farther from the truth!
Online
marketers are hip to this. It's routine for a product to hit
the Net on Monday and have thousands of sales by Friday. The
truth is, most of those sales are through JVs. All of the
online marketers know each other and they routinely endorse
each others' products. Although they're selling to the same
crowd, there's no fear of competition. They know that people
like to collect information, and no matter how many books
or tapes they have on a subject, they'll always buy another.
How
is this different from the offline world? Real life people
need a variety of products and services to make their lives
easier. People need electricians, plumbers, and the like,
and most folks would rather get a referral than pick a name
out of the phone book. But I can count on one hand the number
of referrals I've gotten for any of those services from another
business.
With
more businesses joining their Chamber of Commerce or networking
groups like Business Networking International (www.bni.com),
this is slowly changing. But you don't have to spend hundreds
of dollars to make it happen. Joint venture opportunities
are all around you. You just have to open your eyes and SEE
them.
Off
the top of my head, here are a few ideas:
-
If
you own a skin care salon, you could team up with a massage
therapist. Set up a massage room in your salon and get a
percentage of every massage your customers purchase.
-
If you teach piano lessons, connect with someone in piano
sales.
-
Are you a caterer looking to build your clientele? Find
someone who helps to organize events that need catering,
such as a special events coordinator or wedding planner.
-
Do you create silk floral arrangements? Ask small furniture
stores to sell them on consignment. The plants add to the
decor and helps to stage the furniture and give it the "homey"
touch. Customers might buy a table and the arrangement sitting
on top of it because they look so good together.
-
Are you into arts and crafts? Offer to put on mini-workshops
at local arts and craft stores. Participants will buy the
materials from the store and you get exposure and referrals.
-
Are you a pet photographer? Get to know your local veterinarians,
pet store owners, pet groomers and pet sitters.
-
Fitness
Trainer/Health & Nutrition Supplements
-
Auto Repair/Paint & Body Shop
- Gardener/Landscaper
The
possibilities are endless. And we won't even go into what
you could do with websites and opt-in mailing lists. This
is plain old "dirt-world" marketing, no-tech stuff
that anybody can do. Add in some endorsed email promotions
and reciprocal linking and ... well, don't get me started.
So
... put on your thinking cap and come up with a list of NON-COMPETING
local businesses whose customers are in your target market.
Then develop a special offer that results in a win-win for
both of you.