wake me up WHEN I’M FAMOUS
LEVERAGE PARTNERS TO GROW WITHOUT THE GRIND Every year, millions of people type “marketing strategies,” “marketing tips,” and “how to grow a business” into Google, hoping for that magical solution. You know the drill—hit enter, and you’re flooded with the same old advice: run digital ads, post on social, crank out some SEO-optimized blogs. All great, but does it really move the needle? For most business owners, the answer is a resounding *meh*. It’s not enough. So, what’s missing? Let me introduce you to the idea that could change everything—partnerships. There’s no magic button—just start listening.
Episodes
Tuesday Nov 19, 2024
Tuesday Nov 19, 2024
You know the feeling: you’re on Amazon at 11 PM, searching for the best noise-canceling headphones because your upstairs neighbor’s karaoke habit is approaching rockstar levels. You start scrolling and scanning – not just product descriptions but those star ratings and review counts. That quick snapshot of reviews becomes your compass, telling you whether to buy or bail. By morning, your decision is made, and all because a bunch of strangers gave you the thumbs up. Welcome to the unstoppable power of social proof.
Amazon has perfected this – turning customer reviews into a full-blown decision-making tool. It’s one of the most powerful ways to build trust with potential buyers, proving that if other people love a product, you probably will, too. And that’s the essence of social proof: we trust what others say because, deep down, we’re all just trying to avoid a bad call. But social proof isn’t just for Amazon’s mighty shelves – it’s a sales goldmine for any brand, especially scrappy startups looking to make their mark.
Let’s unpack Amazon’s social proof magic and how your brand can get in on the action with a few clever moves – and some channel partners.
Why Social Proof Sells (And Sells Big)
Social proof isn’t a new phenomenon. It’s hardwired into us; think about it as herd behavior dressed up in a psychological bow. People want reassurance from others when they’re making choices – whether it’s about what to watch, what to wear, or where to eat. And in today’s wild digital marketplace, social proof has become a brand’s greatest weapon.
Amazon gets it. They don’t just sell products; they sell security in the form of stars, reviews, and those oh-so-coveted badges like “Amazon’s Choice.” When you see that a product has 4,000 glowing reviews, it feels like a safe bet – almost as if 4,000 people are giving you a collective nod. Brands that tap into this kind of reassurance build trust and credibility without a single dollar spent on ads.
Now, here’s the thing: Amazon isn’t the only place where social proof can work for you. Your startup doesn’t have to beg for five-star reviews to get social proof rolling. Channel partners, for instance, are an often-overlooked social proof powerhouse that can validate your brand like nothing else.
How Channel Partners Add That Extra Social Proof Power
Channel partners are more than just business buddies; they’re walking, talking endorsements of your brand. Think of them as customer reviews with a voice, a face, and a brand of their own. When you partner with other respected brands, you get the benefit of their reputation, trust, and yes, their own loyal audience who is likely to think, “Well, if [Partner Brand] trusts them, maybe I should, too.”
Here are a few ways a startup can leverage channel partners for a serious boost in credibility – and sales.
The Classic Co-Sign
Picture this: a new coffee company partners with a popular local café chain. Now, every customer grabbing their morning latte sees this new brand as the café’s handpicked favorite. It’s like the coffee company just got a glowing five-star review – in real-time, to a live audience. This is what I call the *classic co-sign*: one trusted brand lends its name to another, and voila! Instant credibility boost.
For startups, this is pure gold. A channel partner’s co-sign can speed up customer trust that would otherwise take months (or years) to build. It’s like your brand is standing next to someone who’s already won the crowd, saying, “I’m with them.” Social proof for the win.
Partnered Product Bundles: Instant Credibility and Convenience
Here’s another trick: partnering up for bundled offers. This works especially well in the beauty and wellness space, where “curated” experiences are the name of the game. Think about skincare startups that partner with established beauty boxes, or protein powder brands that get bundled with popular smoothie mixes. A bundle isn’t just a sale; it’s an endorsement from a brand that’s already earned customer trust.
Case in point? A fitness startup partners with a reputable gym equipment brand to offer a home workout bundle – protein powder, yoga mat, resistance bands. Boom. Suddenly, the gym equipment brand’s fans are willing to give that startup’s protein powder a try because it’s been pre-approved by a company they trust. Partner bundles combine two key social proof forces: trust and convenience.
Joint Events and Webinars: Building Trust Live
One of the fastest ways to win people over is by showing up together with a reputable partner. Ever noticed how certain experts host webinars with each other? It’s no accident – it’s a deliberate move to grow trust and credibility. When two brands get on the same virtual stage, they’re sharing expertise and audiences, and for the startup, it’s like receiving a public nod of approval.
Say you run a new digital marketing service, and you’ve teamed up with a respected email marketing software company to host a joint workshop. Not only do you get instant access to their audience, but you’re also positioning your brand as an expert worth listening to. Attendees now see you both as trusted authorities, and you get that all-important social proof without needing to fish for reviews.
Social Proof in Action: Channel Partnerships that Worked
If you’re looking for some real-life inspiration, look no further than partnerships that have moved the needle. When Disney+ launched, it teamed up with Verizon to offer a free year to Verizon customers. Instantly, people who had never heard of Disney+ (or were on the fence) got a chance to try it, backed by the Verizon name they trusted. That’s social proof supercharged. The result? Disney+ went from zero to 10 million subscribers on Day 1.
Or take Uber’s partnership with Spotify. When Uber riders got the option to play their Spotify playlists during a ride, both brands instantly became cooler in their customers’ eyes. This wasn’t just convenience; it was a brilliant way to get two trusted brands building each other up. For Uber, which was new at the time, Spotify was a channel partner that brought major street cred.
The Social Proof Takeaway for Startups
So, how can your brand get a piece of this Amazon-level social proof? You don’t need thousands of reviews or a billion-dollar budget. Start with a few targeted, quality channel partnerships that make sense for your audience. If you’re launching a new tech product, consider partnering with a respected industry blog to review it or a podcast to feature it. If you’re in wellness, look for established names in adjacent industries to cross-promote with.
Here’s the key: choose partners who already speak to your target audience, and make sure your partnership feels natural. Authenticity is everything here. Social proof works best when it feels like a true fit – not a cash grab.
So next time you’re scrolling Amazon, remember that those star ratings are just the beginning. Social proof can happen in so many ways, and channel partners might just be the secret ingredient your brand’s been waiting for.
Monday Oct 07, 2024
Monday Oct 07, 2024
Here’s the thing: I spent 13 years building my digital marketing agency from the ground up. We grew to 17 team members and hit the coveted 7-figure mark. We were soaring—until I realized I was clinging to a trapeze bar that wasn’t taking me anywhere. Last year, I knew it was time to let go. So I did. I jumped off that platform into the unknown, trusting that the next bar would swing into place. Why? Because the marketing industry is broken, and if you don’t let go and take the leap, you’ll just keep swinging in circles, exhausting yourself without ever making real progress.
The Marketing Industry Is Broken:
Let’s talk about what makes this industry so broken. First, it’s overcrowded with anyone and everyone who decides they want to be a marketer. The barrier to entry is about as low as my dating standards around Y2K. No licenses, no real regulations—just a laptop, Wi-Fi, and a vague idea of what a funnel is, and boom, you’re in business. That sounds great in theory until you realize it’s why businesses are placing less and less value on marketing services. We’re in an industry so saturated that standing out feels impossible.
And let’s not forget the hustle culture. It’s like we’ve all been conditioned to believe that success means working 24/7, burning the candle at both ends, and sacrificing our peace for the grind. But here’s the kicker—what are we really getting for all that hustle? A low average ROAS, maybe 2-3% on a high-ticket B2B item if you’re lucky. Or a conversion rate on a tech startup platform hovering around 1-2%. We’re burning out, stressing out, and for what? Mediocre returns at best.
The Pivot: Partner Campaigns
Now let me tell you about the exact project that made me realize I needed to pivot—like, hard pivot. I was working with a global software company, and they were ready to throw some serious money at yet another round of ads. But I knew we could do better. So, I suggested something different: partner campaigns with highly technical influencers like robotics engineers and PCB designers. We launched a YouTube campaign that was all about real, targeted endorsements, tutorials, and brand advocacy.
And let me tell you, the results were insane. We saw a 62% surge in free trial completions—9,194 new potential buyers added to the sales pipeline. And get this: 1,746 new deals closed, resulting in nearly $11M in added revenue. Yep, $11 million. It was like a light bulb went off for me. Why were we wasting time on scattershot ads when we could be building strategic partnerships that actually moved the needle?
The Leap of Faith: My Pivot Year
So, I gave myself a pivot year to make it make sense. And boy, did it make sense. I decided to only work on partner campaigns, and it’s been a game-changer. Other marketing agency owners are coming to me like, “Oh my god, I don’t know anyone else doing this. I’m so glad I have a resource to share now. What a breath of fresh air.”
It’s working—less overhead, less stress, less scope creep, and far better results. But here’s the thing: I had to take the leap. I had to jump so the net could appear.
So, if you’re stuck in the grind, ask yourself: Is it time to torch the farm? Maybe it’s time to stop hustling for scraps and start building something that actually works. Partner campaigns might just be the lifeline you didn’t know you needed.
Monday Oct 07, 2024
Monday Oct 07, 2024
Let’s talk numbers. U.S. startups are splurging billions on digital ads each year—especially in the tech and business services sectors. The problem? The average return on ad spend (ROAS) often falls short of our hopes and dreams. Yet, so many businesses are stuck in the cycle of pouring money into ads with not so great results because that’s the industry standard and they don’t know what else to do.
So, what if I told you there’s a way to cut your marketing budget in half and still get stellar results? Spoiler: it’s all about partnering up.
Take a page from Airbnb's playbook. They didn’t just rely on traditional ads to drive their growth. Instead, they leveraged social exchange theory—basically, creating a win-win scenario by partnering with hosts who became advocates for the brand. Their referral program was a game-changer for them: in 2015 alone, Airbnb acquired 900,000 new users through referrals. This flood of new users sent sign-ups and bookings through the roof, proving just how powerful the right partners can be in driving growth.
What the Heck is Social Exchange Theory?
Alright, let’s break this down without the jargon.
Okay, here’s the deal with social exchange theory—basically, it’s all about the “you scratch my back, I’ll scratch yours” mentality, but with a fancier name. Think of it like this: people (and brands) only invest their time, money, or energy when they know they’re getting something good in return. It’s a trade-off. You give, they give back, and everyone walks away feeling like they got the better end of the deal. In the business world, this is gold. Instead of just throwing cash at ads, you form partnerships where both sides get real value. You bring them exposure, customers, whatever—and in return, they help blow up your brand. It’s the ultimate win-win situation, and honestly, way more fun than just paying for clicks.
Now, here are two real-life examples of how partnering up can transform your marketing approach:
We worked with robotics engineers and PCB designers to bring in nearly $11M for a global software company.
So, here’s the thing: if you want to tap into a niche market, you go straight to the people who own that space. That’s exactly what we did for this global software company when they decided to partner with technical influencers like robotics engineers and PCB designers. We’re talking YouTube influencers who geek out over building the coolest robots and circuit boards. The result? A YouTube campaign that didn’t just create buzz—creative a wave of people talking about this brand. With rave reviews and killer tutorials, they saw a jaw-dropping 62% jump in free trial sign-ups, netting them nearly 10,000 potential buyers. But wait, it gets better: they closed 1,746 new deals, raking in almost $11 million in extra revenue. Yep, turns out when you partner with the right people, the money follows.
Here’s another way to use partners for expansion in EdTech.
Next up, an edtech brand from Australia that wanted to get their entrepreneurial program in front of American students—big time. We found them major players (mainly teachers and principles) in a network of 169,000 schools and libraries across the country. Their program could handle up to 30 students at once for $900 per class instead of the DTC model of $6 per student, and here’s the genius part: schools and libraries could rerun the program every year with fresh faces, or even twice a year with the same group. Plus, libraries got to turn it into an after-school club. This wasn’t just a one-off—it was a sustainable, repeatable way to reach tons of students. For them, the potential result of growing with partners? Over $3 million in extra revenue and 101,400 students with life-changing entrepreneurial skills. Talk about a win-win. By connecting with these educational powerhouses, the brand won’t just make an impact—they’ll build a legacy.
So, before you dump more cash into ads that might not deliver, consider how strategic partnerships could be your ticket to cutting costs and getting to the growth that you want. With the right allies and a strategic approach, you can get better results for less.
Two questions for you to start from here: 1. Who already has the trust and influence of the people you’re trying to reach?
What would it take to turn them into a powerful partner for your brand?
Cheering you on,
Katrina
Monday Oct 07, 2024
Monday Oct 07, 2024
When I log into Verizon, I’m reminded that I’ve been a customer for two decades—20 years of bills, upgrades, and service calls. That takes us back to 2004, when flip phones were the height of technology, and texting was still a novelty. Over those years, Verizon has built up a hefty bank of trust with me. So, when they recommend something, I’m more likely to listen. That trust isn’t just about good service; it’s a powerful tool in driving decisions.
Now, let’s look at how this trust translates into business magic. Remember the Disney+ and Verizon partnership? This wasn’t just a random pairing; it was a strategic alliance designed to leverage that trust. Verizon offered Disney+ as a perk to their customers, tapping into the trust and loyalty they had already built. The result? Disney+ saw a massive surge in new accounts—adding 2 million new subscribers in just a few months—while Verizon enhanced its appeal and differentiated itself from competitors. This partnership didn’t just boost numbers; it perfectly aligned with the trust Verizon had cultivated over the years, showing how powerful the right alliance can be.
From Burnout to Breakthrough: My Call with Emily
I remember a pivotal moment in late 2019 when my business was shrinking, and I reached out to my friend Emily. Emily and I had previously been in a mastermind group focused on helping female founders break the six-figure barrier. She ran Delegate Solutions, and I was astounded by her rapid growth and totally jelly. While I was stuck in the grind, barely keeping my head above water, Emily had discovered the power of partnerships and started building her program around EOS (Entrepreneurs Operating System) teachings. This strategic focus allowed EOS to serve as a source of perfect-fit leads for her company, ultimately transforming her business and more than doubling her revenue. Her success story was a wake-up call for me. Finding the right partner isn’t a game of chance—it’s about strategy and fit. Think about where your goals align, how their strengths can fill your gaps, and if their values resonate with yours. Create a win-win scenario where both sides amplify each other’s success. So, get strategic, find those ideal partners, and watch your growth soar just like Emily’s.
From Success Stories to HealthTech Triumphs
But, if you’re skeptical about the power of partnerships, here’s yet another compelling example. Take a look at a project I worked on for a healthtech company. They wanted to penetrate a competitive market and needed a robust strategy. By teaming up with healthcare marketing agencies, they tapped into a vast network of 52,320 private practices across five verticals. This collaboration didn’t just boost their visibility; it drove a steady influx of inbound leads. Crafting thought leadership content to address the industry’s skyrocketing search volume for insights, they solidified their position as a trusted source for their channel partners. This dual strategy not only drove revenue growth but also fostered targeted engagement with key stakeholders. The results? Proof that the right partnerships can indeed turbocharge your growth.
Ready to Make Your Move?
If you’re buried under work and struggling to see a way out, consider shifting your focus from solo efforts to strategic partnerships. Whether it’s through the Disney+ playbook or Emily’s transformative approach, the right alliances can lift the load and set you on a path to incredible growth. So, roll up your sleeves, get strategic, and watch as your business thrives through the power of partnerships.
Monday Oct 07, 2024
06 Hustle Culture is Dead: Why Smart Partnerships Are the Future of Growth
Monday Oct 07, 2024
Monday Oct 07, 2024
We all know it: hustle culture is wearing us down. Millennial burnout is more than just a buzzword. It’s a full-blown epidemic. And the hustle culture that told us to glorify working 80-hour weeks? Finally, blessedly, it’s on its way out. We’ve all tried the “rise and grind” thing, and let’s be honest, who has the energy for that anymore? These days, working smarter—not harder—is the new mantra. And get this: offline is the new luxury. Yep, you heard me right. Unplugging, recharging, and actually living your life is what’s in. But how do you do that without sending your business into a tailspin? Here’s the secret: partnerships. Smart, strategic partnerships are your ticket to growth without the grind.
Let’s talk buffalo for a second. Ever hear the story about how they run toward a storm instead of away from it? It sounds a bit counterintuitive at first, right? But there’s genius behind it. They know that by facing the storm head-on, they’ll get through it faster. The storm hits, it’s rough, but then it’s over, and they’re back to grazing in the sunshine. Now, let’s translate that to business. Hustle culture told us to be the buffalo, to keep running into the storm, grinding through the chaos, thinking that’s what success demands. And maybe for a while, it worked. But here’s the twist: in today’s world, the smarter move isn’t just about running faster; it’s about running with the right herd.
Think of partnerships as your herd. They’re the key to navigating the storm of modern business without burning yourself out. Imagine sharing the load with people who compliment your strengths, who can open doors you can’t on your own. You don’t need to conquer the world single-handedly—you just need the right allies.
Take it from me: I used to believe I needed 10,000 clients to hit my revenue goals. I mean, who wouldn’t want that many customers? But then, in one of those “aha” moments, my coach Melody set me straight. She sat me down, pulled out the calculator, and walked me through the math. Turns out, I didn’t need 10,000 clients. What I really needed was 10 clients and 2-3 great partners. That realization was a game-changer. Suddenly, the path to my goals wasn’t just clearer—it was a lot less exhausting. Instead of hustling for every client, I focused on building relationships with the right partners who could bring in the right clients.
Still think you need to hustle non-stop to grow your business? Let me tell you about a killer move that turned things around for my client, a global software company. They decided to veer off the traditional B2B marketing path and, believe it or not, went searching for channel partners on YouTube. Yes, YouTube, the place where most people go to watch cat videos or learn how to fix a leaky faucet. But here’s the genius part: they weren’t looking for just any influencers—they zeroed in on highly technical influencers like robotics engineers and PCB designers. These aren’t your average social media personalities; these are experts with serious credibility in their field.
So what happened next? They struck up strategic partnerships with these influencers and launched a YouTube campaign that was nothing short of groundbreaking. The results? A 62% surge in free trial completions. Let that sink in—62%! That translated to 9,194 new potential buyers suddenly appearing in their sales pipeline. But it didn’t stop there. They closed 1,746 new deals, bringing in a jaw-dropping $10,987,702 in revenue. All from one smart move: leveraging targeted influencer partnerships.
If you’re still glued to the grind, thinking you have to do everything yourself, take a step back and rethink your strategy. The future of growth isn’t in burning the candle at both ends—it’s in smart partnerships that make the journey easier and more profitable. Imagine focusing on what you do best while your partners do the heavy lifting in areas where they excel. It’s not about who can work the hardest; it’s about who can work the smartest.
Partnerships allow you to amplify your reach, share resources, and tap into markets you might never have accessed on your own. Picture this: you’re a healthtech startup focused on developing cutting-edge telemedicine software. Partnering with an AI-driven diagnostics company could open up a whole new world of possibilities—together, you offer a comprehensive healthcare solution that neither could provide alone. You share resources, split the profits, and before you know it, your customer base has grown exponentially. That’s the power of strategic alliances.
Let’s get real for a second. Hustle culture? It’s outdated. What’s truly revolutionary now is working smarter by aligning yourself with the right partners. The kind of partners who bring value, open doors, and help you grow without driving yourself into the ground. So, next time you find yourself tempted to pull another all-nighter or to grind out just one more hour, remember this: you don’t need to do it all. You just need to do the right things with the right people. The future of growth isn’t in the grind—it’s in the partnerships you forge along the way.
Monday Oct 07, 2024
Monday Oct 07, 2024
Let’s be real: You’ve Googled “how to get more clients” at least once in the past month. And guess what? So have thousands of other desperate business owners. We’re talking 20,000 monthly searches for that exact phrase. Add in all the “marketing tips” and “growth hacks” searches, and you’ve got a whole lot of people stuck in a rabbit hole of basic, overplayed strategies that don’t move the needle. Meanwhile, CMOs are scratching their heads, wondering where to allocate marketing dollars this year. If you’re tired of throwing cash at ads that aren’t converting and making social posts that get zero traction, it’s time to try something different. Like, really different.
That’s where partnerships come in. And here’s the kicker: there are endless ways partnerships can be established and leveraged for the greater good. So instead of trying to win the same battle with the same tired tactics, let’s dive into five partnership strategies that will actually make a difference.
Channel Partners: Your Secret Sales Army.
Think of channel partners as your extended sales force. If you’re a healthtech startup, partnering with a telemedicine platform or an electronic health records (EHR) provider could open up new customer bases. They offer something valuable to their clients, and you get access to a whole new audience without lifting a finger.
Affiliates: Pay for Performance, Not Promises.
Affiliates are the hustlers of the partnership world. They promote your product to their audience and only get paid when they make a sale. This model works wonders in edtech, where affiliates can drive traffic to your online courses or educational software. They’ve got the audience; you’ve got the solution. It’s a match made in marketing heaven.
Joint Ventures: Double the Clout, Half the Work.
A joint venture is like a partnership on steroids. Two companies come together to create something bigger than they could on their own. Imagine a fintech company teaming up with a financial planning app to offer an integrated financial management solution. You combine your strengths, share the customer base, and suddenly, you've both got a product that’s way more valuable than either could have delivered on its own.
Influencers: Not Just for Makeup and Smoothies.
Influencers aren’t just for consumer products. In the healthtech world, industry influencers—think medical bloggers, healthcare YouTubers, or LinkedIn thought leaders—can sway opinions and drive demand. Partnering with the right influencer can give your product the credibility and exposure it needs to take off. They’ve already built the trust; you just need to tap into it.
Key Opinion Leaders: The Voices That Matter.
Key Opinion Leaders (KOLs) are like influencers, but with even more clout. These are the experts whose opinions can make or break a product in the edtech world. If you’re launching a new educational tool, getting a respected educator or academic researcher to endorse it could be the difference between crickets and a customer stampede.
Referral Partners: Word-of-Mouth on Steroids.
Referral partners are your word-of-mouth marketing, supercharged. These are people or businesses that refer clients to you in exchange for a commission or other benefits. For a fintech startup, this could be as simple as partnering with a financial advisor who refers their clients to your investment platform. It’s low-cost, high-impact, and all about relationships.
Strategic Alliances: Two Strengths, One Unstoppable Force.
Think of this as teaming up for a big win. Two companies with complementary strengths join forces to reach a common goal. Imagine a healthtech company and a fitness tracker brand teaming up to offer a comprehensive health and wellness solution that benefits both their user bases.
Licensing Agreements: Share the Tech and the Wealth.
This is where one company says, “Hey, you can use my awesome tech for a fee.” Picture an edtech firm letting a school district use its innovative learning platform in their classrooms. It’s a win-win, with both sides reaping the rewards.
Co-Branding: When Brands Unite, Magic Happens.
When two brands team up to create something new with both their names on it, that’s co-branding. Think of a fintech company and a popular budgeting app collaborating on a new financial planning tool that combines their expertise and reaches a broader audience.
Cross-Promotions: Double the Audience, Double the Buzz.
This is like sharing the love between brands. Two companies promote each other’s products to their own audiences. For instance, a healthtech company might team up with a wellness app to offer special deals to their combined user base.
Distribution Partnerships: Expand Your Reach Without the Legwork.
These are all about getting your product into more hands. Imagine an edtech startup with a cutting-edge learning tool partnering with established educational distributors to reach a broader audience.
Technology Integrations: When Your Tech Talks to Their Tech, Everyone Wins.
This is where companies make sure their products play nicely together. For example, a healthtech company might integrate its patient management system with a popular telemedicine platform to provide a seamless experience for healthcare providers.
There are countless ways to forge partnerships that drive growth and add value. The key is finding the right fit for your business and leveraging these opportunities to scale up without breaking a sweat.
So, ready to ditch the grind and go for growth that actually works? Start by thinking about who you can partner with—and how you can make it worth their while. Your business doesn’t have to go it alone, and with the right partnerships, you might just find that you’re able to do a whole lot more with way less effort.
Monday Oct 07, 2024
Monday Oct 07, 2024
Let’s face it—marketers have a knack for turning every shiny new thing into a bland, overcrowded mess. Remember when email was a breath of fresh air? Now it’s a spam fest. Social media was once a playground for real connections, but now it’s overrun with ads and self-promos. And chatbots? They started off cool but quickly became just another spam machine. But here’s the kicker: despite all this clutter, authentic partnerships and good old-fashioned word of mouth still slay. They cut through the noise and build real trust. So, instead of jumping on the next trend, get savvy with your partnerships and let your best advocates do the talking.
Here’s the truth: while every marketing channel eventually falls victim to overuse and saturation, the power of genuine relationships remains undiminished. Authentic partnerships allow you to leverage trust and credibility, offering something real and valuable to your audience. Unlike the overhyped, cookie-cutter approaches, a solid partnership can create meaningful connections and drive real results.
Consider this: word of mouth referrals convert at a staggering rate of 37% for high-ticket B2B items, compared to just 1-2% conversion rates from paid ads. This stark contrast highlights why genuine recommendations from trusted sources are far more effective than flashy, impersonal ads. So, if you want to cut through the noise and see true growth, focus on building authentic partnerships and harness the power of word-of-mouth. Forget the gimmicks—go get some real partners and let them amplify your message. And this is where social exchange theory comes into play, underscoring the importance of creating mutually beneficial relationships that drive success on both sides.
What the Heck is Social Exchange Theory?
Alright, let’s break this down without the jargon. Social exchange theory is basically the idea that every relationship—whether it’s between friends, business partners, or even you and your barista—is a give-and-take. It’s all about balance. You scratch my back, I scratch yours. In the business world, this means if you want people to do something for you (like, say, shout out your product), you’ve got to give them something valuable in return. It’s not about charity; it’s about creating a win-win situation where everyone walks away feeling like they got the better end of the deal. The magic happens when both sides keep coming back for more because the exchange just makes too much sense. So yeah, nail that balance, and you’ve got yourself a partnership that pays off in spades.
Maintaining Authenticity in Partnerships
To keep your partnerships and messaging authentic, you need to prioritize true alignment and genuine value. Avoid the trap of over-promising or creating partnerships just for the sake of appearances. Make sure your messaging remains consistent and resonates with your audience, and don’t compromise your values for short-term gains. Authenticity means staying true to your brand’s voice and ensuring that every partnership feels natural and beneficial to both parties. Remember, if it feels forced or insincere, it probably is. Simply put: Make it make sense, for everyone.
So, how do you know if a brand partnership makes sense?
Five Smart Questions to Evaluate a Partnership:
Does this partnership offer genuine mutual benefit? Ensure that both parties are getting something valuable out of the relationship.
Is there a real gap being filled? Identify how the partnership addresses a specific need or complements each other's strengths.
How will we track success? Define clear metrics and outcomes to measure the partnership’s effectiveness and impact.
Are the values and goals of both parties aligned? Ensure that both partners share similar values and long-term objectives for a smoother collaboration.
What is the long-term potential for this partnership? Evaluate whether this partnership can evolve and grow, or if it’s just a one-time opportunity.
By asking these questions, you can avoid the pitfalls of haphazard partnerships and focus on building relationships that drive real growth and success.
I’m cheering you on from the sidelines!
Monday Oct 07, 2024
Monday Oct 07, 2024
Let’s talk about a little something we all love—growth. The kind that doesn’t involve you grinding 24/7, chugging endless coffee, and wondering if you’ll ever catch a break. But first, let’s address the elephant in the room: marketing. Every year, millions of people type “marketing strategies,” “marketing tips,” and “how to grow a business” into Google, hoping for that magical solution. You know the drill—hit enter, and you’re flooded with the same old advice: run digital ads, post on social, crank out some SEO-optimized blogs. All great, but does it really move the needle? For most business owners, the answer is a resounding *meh*. It’s not enough. So, what’s missing? Let me introduce you to the idea that could change everything—partnerships.
The Power of Drafting: How to Win Big with Less Effort
Now, I’m not talking about partnerships in some fluffy, abstract way. I’m talking about something real, like the drafting technique from the world of race cars. You know, when one car tucks in behind another, using the lead car’s slipstream to reduce drag and conserve energy, eventually slingshotting ahead. Well, you can do the same in business—by “drafting” behind someone else’s success.
Here’s a throwback example: Derek Halpern wrote about this in 2013, and even gave me a shoutout as a case study (humble brag, right?). He called it the drafting technique. It’s about leveraging someone else’s momentum to give your business a major boost. I did it, and in just one day, my business went from a trickle of 20 hits to a flood of over 800. And that wasn’t just vanity traffic; it led to $2,000 in revenue. All because I noticed a competitor got featured on a big blog, and instead of sulking, I got myself featured there too.
The idea is simple: find where your competitors are getting press or visibility, then hitch your wagon to that star. It’s like slipping into their slipstream and zooming ahead without burning yourself out. It’s efficient, effective, and yes, it’s a little sneaky in the best possible way.
Monday Oct 07, 2024
Monday Oct 07, 2024
Nike didn’t become a household name just by telling people to “Just Do It.” Sure, their iconic campaign captured the essence of athletes everywhere and catapulted their brand into the stratosphere. But there’s more to the story—specifically, the smart partnerships behind that success.
Nike’s "Just Do It" Campaign: More Than a Slogan
Nike’s “Just Do It” campaign wasn’t just about slapping a motivational phrase on a billboard. It was a masterclass in channel partnerships. By aligning themselves with athletes who embodied the spirit of perseverance and excellence, Nike tapped into a social identity that resonated deeply with its audience. The campaign didn’t just boost sales; it transformed Nike from a sportswear brand into a symbol of ambition and drive. Over a decade, Nike’s share of the North American sport-shoe market soared from 18% to 43%, and their revenue skyrocketed from $877 million to a whopping $9.2 billion. Talk about channeling the power of partnerships!
Monday Oct 07, 2024
Monday Oct 07, 2024
Running a digital marketing agency is no walk in the park. With a low barrier to entry, no state licenses or regulations, wildly varying pricing and quality standards, and thousands of competitors in the U.S. alone, it’s a jungle out there. Having run a digital marketing agency for 13 years, I’ve seen it all—the scope creep, the burnouts, and the way projects can drift further from their vision the longer they go on. Every time a client asks for something new, the knee-jerk reaction is to say, “Of course, we can handle that!” even if it’s outside your sweet spot or lacking standard operating procedures. I mean, why would you pass up more revenue when yes, technically you can do it, right?
And this brings us to the DIY partner programs many agencies are grappling with. It often starts with a client asking for a one off podcast appearance, an influencer post for $50, or sharing a UTM link with someone. It’s fine, but it’s scattered, unfocused, and frankly, just spaghetti at the wall.
Let’s get real about DIY partner programs: they truly are like throwing spaghetti at the wall to see what sticks, but more often than not, nothing sticks. Many agencies dip their toes into partnerships, snagging a partner or two here and there for their clients, but without making it a core focus, the whole thing just fizzles out. It’s treated like an afterthought, not given the love and attention it deserves, and certainly not incentivized properly. The result? The program remains stagnant, underwhelming, and doesn’t deliver the big wins it’s capable of. Partner programs need to be more than just an add-on; they need to be a strategic priority with clear goals and incentives. Otherwise, you’re setting yourself up for a mediocre outcome. Put in the focused effort and watch how a well-oiled partner program can become a powerhouse for growth.
When I set up a sphere of influence for a client, I start by choosing a single type of partner program—channel partners, content partners, influencers, etc. Focusing on just one category allows for dedicated resources, clear strategy, and measurable success. It’s about picking the right partner category, defining what they need to do, how it benefits them, and plotting out growth as things go as planned.
![Image](https://mcdn.podbean.com/mf/web/kn8muwu79chqwxtt/web-79-katrina_padron_r2_0149ae9a68bd-f516-e886-823d-9fd7054b5d1d.jpg)
Fill Your Pipeline with Buyers,
Not Busywork
Stop wasting time on content no one sees, chasing trends that fade, and praying for leads that never come. Partnerships cut through the noise, giving you instant access to an audience that already trusts the source. That means warm leads, real credibility, and growth that actually works.
Why grind when you can win?
Let’s jump on a call to see if we are a fit.