Making Business Relationships - Important to Success?

by Diice
38 replies
Hi guys,

i just wanted to know what you thought about Business relationships. I am just 16 years old and i made $70 profit with my new business yesterday. They were my first few sales and they came from cold-calling companies and offering them my Social Marketing Promotion services.

During one of theese calls i ended up having a long conversation with a Woman who claimed she was also into social marketing and that she had many contacts. She sounded very business-minded and was very interested in forming a business relationship with me. The deal was that if i come across anyone that needs a website designing, i send them to her and receive 50% of the profits. She said that in return she has a lot of valuable contacts who may be interested in purchasing our Real Facebook Fans and Customers.

I am really happy i have made a business partnership so early on, what do you guys think about business partnerships? Have they helped you out or increased your business?

Thanks,
-Michael
#business #important #making #relationships #success
  • Profile picture of the author Peter ONeill
    Originally Posted by mickylee7 View Post

    Hi guys,



    I am really happy i have made a business partnership so early on, what do you guys think about business partnerships? Have they helped you out or increased your business?

    Thanks,
    -Michael
    Yes. Business partnerships have been super important to me. Being in internet marketing makes it easy to forget that there are real people in the real world who you can help and at the same time they can help you
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    • Profile picture of the author Diice
      Originally Posted by Peter ONeill View Post

      Yes. Business partnerships have been super important to me. Being in internet marketing makes it easy to forget that there are real people in the real world who you can help and at the same time they can help you
      Thanks Peter!
      And i know what your saying, sometimes its easy to forget some simple rules. If you can give something to someone then they will give back!

      -Michael
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  • Profile picture of the author JerrickYeoh
    As a business owner, we never ignore on business partner because they provide more opportunities to your business and with their help , you may get add on value and service to your business and products.

    In the business line, get one partner or friend would be better than get one enemy and competitor.
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    • Profile picture of the author Diice
      Originally Posted by JerrickYeoh View Post

      As a business owner, we never ignore on business partner because they provide more opportunities to your business and with their help , you may get add on value and service to your business and products.

      In the business line, get one partner or friend would be better than get one enemy and competitor.
      Thanks for the reply!
      I cant disagree with you there

      -Michael
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  • Profile picture of the author carolf
    crucial totally crucial for me
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    • Profile picture of the author Diice
      Originally Posted by carolf View Post

      crucial totally crucial for me
      Hi Carolf,

      how have they helped your business?
      Thanks,
      -Michael
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      • Profile picture of the author harrydog
        Hi Michael
        I am very impressed that someone of your age has the mind set to actually take action and get on the phone and cold call. Fantastic that you got your first sales, 90% of people don't get that far.
        With regards to your original question a resounding YES business relationships are the most important and best thing you will ever do. Building these relationships will stand you in good stead for years to come. This is why people do Networking, they are looking (or should be) to build long term relationships with like minded people in related industries that the can refer business to and hence get referrals. I have a bricks and mortar business and have been in sales for many years. the cornerstone of everything I do is building relationships as 99% of my business now comes form these relationships. My primary marketing activity is finding more "partners" and helping and supporting them.What you should look for are partners that can give you referrals and repeat business, so like the lady who was asking for Website design clients you will come across these as you are offering a related service. Just be careful that the referral system is reciprocal and if you do strike up a relationship it is two way
        There is a famous phrase that BNI use which is "Givers gain" what that means is if I give you something I may get something back in return (not that you should expect something in return) so if you help other people to grow their business they will reciprocate when they come across someone who needs your type of service.
        Keep up the good work Michael always refreshing to see someone get off their backside and make things happen
        Cheers
        Mark
        Ps I see you are based in the UK, I have sent you a PM to get in touch
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        • Profile picture of the author Diice
          Originally Posted by harrydog View Post

          Hi Michael
          I am very impressed that someone of your age has the mind set to actually take action and get on the phone and cold call. Fantastic that you got your first sales, 90% of people don't get that far.
          With regards to your original question a resounding YES business relationships are the most important and best thing you will ever do. Building these relationships will stand you in good stead for years to come. This is why people do Networking, they are looking (or should be) to build long term relationships with like minded people in related industries that the can refer business to and hence get referrals. I have a bricks and mortar business and have been in sales for many years. the cornerstone of everything I do is building relationships as 99% of my business now comes form these relationships. My primary marketing activity is finding more "partners" and helping and supporting them.What you should look for are partners that can give you referrals and repeat business, so like the lady who was asking for Website design clients you will come across these as you are offering a related service. Just be careful that the referral system is reciprocal and if you do strike up a relationship it is two way
          There is a famous phrase that BNI use which is "Givers gain" what that means is if I give you something I may get something back in return (not that you should expect something in return) so if you help other people to grow their business they will reciprocate when they come across someone who needs your type of service.
          Keep up the good work Michael always refreshing to see someone get off their backside and make things happen
          Cheers
          Mark
          Ps I see you are based in the UK, I have sent you a PM to get in touch
          Hi Mark,

          thank you for the reply, yes i am not a typical teenager. I have a thirst for being succesful, and a fear of ending up in a 9-5 job!

          I will check out your PM now,
          thanks,
          -Michael
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  • Profile picture of the author Randall Magwood
    You should check out the Offline Marketing section of this forum for great tips on how to get more new clients, building relationships, and automating your consulting business. To form new business partnerships, go down to your local chamber of commerce and connect with the business owners there. Don't be intimidated because of your age... demonstrate value and they will find you credible. You may even get to form joint ventures with the business owners there.
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    • Profile picture of the author Diice
      Originally Posted by Randall Magwood View Post

      You should check out the Offline Marketing section of this forum for great tips on how to get more new clients, building relationships, and automating your consulting business. To form new business partnerships, go down to your local chamber of commerce and connect with the business owners there. Don't be intimidated because of your age... demonstrate value and they will find you credible. You may even get to form joint ventures with the business owners there.
      Hi Randall,

      thanks for the information, i havent even glanced at that section of the forum before as i didnt feel it would relate to my position. I have noted it down and i am going to scan through it tonight and tommorow!

      Thanks,
      -Michael
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  • Profile picture of the author Diice
    Originally Posted by Mountainw View Post

    Yes, business relationship is critical for the success of a business; the relationship will build trust.
    Originally Posted by reto4455 View Post

    Good relationships are worth gold!
    Thanks for your replies!

    Yes i am starting too see that my first business partnership is growing well already!

    Thanks,
    -Michael
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  • Profile picture of the author celente
    I think if you wanna make 2k - 4k a month then just do you own thing or sell a few WSO's

    if you want to hit the big time, yes, leveraging off others, and their lists is the way to go. 1 JV can get you more traffic and sales than what you can get from 6 months worth of articles or other traffic methods you are probably using.

    There are lots of ways, and sometimes doing a JV begets more JV's and getting introduced to more people. Networking is how the big guys are doing it. While you do not have to do it, it is something that can bring you big results and fast sometimes too.
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  • Profile picture of the author Nadim Hussain
    Not just important to success but CRITICAL to success. People do business with other people and if you are good at building rapport with clients then you will naturally sell them solutions to fix their problems. Building relationships is even more important nowadays because of the way that most people are bombarded with advertising from every angle.

    Also, well done for having the guts to pick up the phone and just speak to people.
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    • Profile picture of the author Diice
      Originally Posted by celente View Post

      I think if you wanna make 2k - 4k a month then just do you own thing or sell a few WSO's

      if you want to hit the big time, yes, leveraging off others, and their lists is the way to go. 1 JV can get you more traffic and sales than what you can get from 6 months worth of articles or other traffic methods you are probably using.

      There are lots of ways, and sometimes doing a JV begets more JV's and getting introduced to more people. Networking is how the big guys are doing it. While you do not have to do it, it is something that can bring you big results and fast sometimes too.
      Thanks for the reply Celente, 2k-4k a month without partnerships!?

      I think ill just aim for 1k first haha!

      Originally Posted by NadimH View Post

      Not just important to success but CRITICAL to success. People do business with other people and if you are good at building rapport with clients then you will naturally sell them solutions to fix their problems. Building relationships is even more important nowadays because of the way that most people are bombarded with advertising from every angle.

      Also, well done for having the guts to pick up the phone and just speak to people.
      Thank you NadimH,

      i am enjoying speaking to people and building partnerships!
      -Michael
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  • Profile picture of the author Targeted Traffic
    i honestly do not think this is even a question...now think of multi-million companies that still thrive to this day...computer, clothing line, movie production, automobile...etc...these are from great partnerships...
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    • Profile picture of the author Diice
      Originally Posted by Targeted Traffic View Post

      i honestly do not think this is even a question...now think of multi-million companies that still thrive to this day...computer, clothing line, movie production, automobile...etc...these are from great partnerships...
      Thanks for the reply!

      -Michael
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  • The higher up you move in this game, the more you realize how important business partners and joint ventures are.
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  • Profile picture of the author rockong
    Business partners, in the long run, can be the ones that will save you a lot of time by giving you referrals, especially if you're providing something of value! Connect with business professionals online and offline. Online, use sites such as LinkedIn or even this WF forum to make connects in your industry. Offline, join your local small business association. Meet with your local entrepreneurs and you'll never know what will come next
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  • Profile picture of the author Shawn Lee
    I think your network is your most valuable asset. Way to go!
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  • Profile picture of the author onegoodman
    I believe business relation is a must, in the same time I hate to say so far I got zero I guess i need to find new approach to do so. I always wait for other to approach me when it comes to any type of partnership.
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  • Profile picture of the author Guru_Marketing
    Originally Posted by mickylee7 View Post

    Hi guys,

    i just wanted to know what you thought about Business relationships. I am just 16 years old and i made $70 profit with my new business yesterday. They were my first few sales and they came from cold-calling companies and offering them my Social Marketing Promotion services.

    During one of theese calls i ended up having a long conversation with a Woman who claimed she was also into social marketing and that she had many contacts. She sounded very business-minded and was very interested in forming a business relationship with me. The deal was that if i come across anyone that needs a website designing, i send them to her and receive 50% of the profits. She said that in return she has a lot of valuable contacts who may be interested in purchasing our Real Facebook Fans and Customers.

    I am really happy i have made a business partnership so early on, what do you guys think about business partnerships? Have they helped you out or increased your business?

    Thanks,
    -Michael
    If you are just 16, based on what I am "hearing" from you, you'll have a bright future! The new generation of millionaires today are teenagers :-)

    Who knew :-)
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    Kindle Publishers: Get Reviews and More Sales to Your Kindle Books at http://GettingPublishedFast.com/publishers/

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    • Profile picture of the author jhuman
      Well done Michael. Keep building business partnerships and you'll achieve your financial dreams sooner than you think.

      and don't forget to read "As a Man Thinketh by James Allen. From my experience, just practicing the principles from the book in the last year has increased my happiness, success, and business partnerships 10x.
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      • Profile picture of the author Birdi
        I can say its easy to forget at times, even though we are internet marketers, and in front of a pc most of the time, its quite easy to forget that we still need to keep t the basics, building relationships in any business is important helps massively with leverage and more opportunties come your way that will help grow your business. Whether your building a relationship online through forums etc, or offline on the phone etc... business is business

        awesome your building your first relationship and got a good deal at your age awesome stuff .. keep it up and look more into the threads to do with offline business that will help you greatly

        birdi
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    • Profile picture of the author Diice
      Originally Posted by jhuman View Post

      Well done Michael. Keep building business partnerships and you'll achieve your financial dreams sooner than you think.

      and don't forget to read "As a Man Thinketh by James Allen. From my experience, just practicing the principles from the book in the last year has increased my happiness, success, and business partnerships 10x.
      Hi IHuman,

      I have ordered the book!, also i would recommend to anyone getting into Online Applications or developing a web business to read "Getting Real" by 37 Signals.

      Thank you for the recommendation!

      Originally Posted by Guru_Marketing View Post

      If you are just 16, based on what I am "hearing" from you, you'll have a bright future! The new generation of millionaires today are teenagers :-)

      Who knew :-)
      Its easy for someone to say i will be successful, but its a completely different story for me to actually acheive it! I guess we will have to wait and see

      Thank you everyone for your replies,
      -Michael
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      • Profile picture of the author Guru_Marketing
        Quote:
        Originally Posted by Guru_Marketing
        If you are just 16, based on what I am "hearing" from you, you'll have a bright future! The new generation of millionaires today are teenagers :-)

        Who knew :-)


        Its easy for someone to say i will be successful, but its a completely different story for me to actually acheive it! I guess we will have to wait and see
        I am saying it because if you are 16, you are very young and already thinking to start/grow a business. You know what other people are doing at your age. I bet you are a lonely ranger :-)

        Believe more in yourself. That's all you need.
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        Kindle Publishers: Get Reviews and More Sales to Your Kindle Books at http://GettingPublishedFast.com/publishers/

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        • Profile picture of the author Diice
          Originally Posted by Guru_Marketing View Post

          I am saying it because if you are 16, you are very young and already thinking to start/grow a business. You know what other people are doing at your age. I bet you are a lonely ranger :-)

          Believe more in yourself. That's all you need.
          Thank you for your support! It keeps me motivated

          -Michael
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          • Profile picture of the author Guru_Marketing
            Originally Posted by mickylee7 View Post

            Thank you for your support! It keeps me motivated

            -Michael
            Wait, there's more Michael!

            The only limitations you have are not set by your parents, friends, circumstances, situations, school or whatever... 95% of ALL limitations that are preventing a person to succeed is YOURSELF (in a form of self-doubts, assumed constraints, and fears). Deal with those and you'll soon be out of the system that's not designed for the ordinary person - as long as you stay on top of things (your business).
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            • Profile picture of the author Diice
              Originally Posted by Guru_Marketing View Post

              Wait, there's more Michael!

              The only limitations you have are not set by your parents, friends, circumstances, situations, school or whatever... 95% of ALL limitations that are preventing a person to succeed is YOURSELF (in a form of self-doubts, assumed constraints, and fears). Deal with those and you'll soon be out of the system that's not designed for the ordinary person - as long as you stay on top of things (your business).
              Thank you so much, i understand that a lot of the time it is myself that prevents me from growing and bettering myself.

              Thanks!
              -Michael
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  • Profile picture of the author JeremiahSay
    sounds like a good deal.. A wise business-man creates Network You should definitely be part of networking

    God bless you,
    Jeremiah
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  • Profile picture of the author pakfashionmag
    Business relationship can help to enhance your business as well as these relationships can bring more investment and skills.
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    • Profile picture of the author Diice
      Originally Posted by pakfashionmag View Post

      Business relationship can help to enhance your business as well as these relationships can bring more investment and skills.
      Thanks for the reply!

      -Michael
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  • Profile picture of the author paulpower
    Always look to build relationships with people, as you will both benefit. However, a word of advice, don't think about what others can do for you, as that is the surefire way to lose contacts.

    Think about how you can help the other person, this way you will prove that you are a good person, and can be trusted.

    Take Care,

    Paul.
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  • Profile picture of the author michaelcorvin
    First of all, being 16, you are off to an amazing start. I home school my kids and teach them entrepreneurship and look forward to them starting their own businesses.

    As for you answer...Business IS Relationships. Business deals are put together by building solid relationships, JV's deals like you just put together, businesses helping other businesses...So ABSOLUTELY.

    I have a book you need to read...How to Win Friends and Influence People...

    Good job man!

    Michael
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    • Profile picture of the author Diice
      Originally Posted by michaelcorvin View Post


      I have a book you need to read...How to Win Friends and Influence People...

      Good job man!

      Michael
      Hi Michael,

      thank you for your recommendation, i have just ordered the book from Amazon, it looks impressive with over 16 million copies sold worldwide!

      Thanks,
      -Michael
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  • Profile picture of the author royljestr
    First off, congrats for taking action at such a young age!

    Yes, any time you can work together you build a synergy that tends to bring in way more profits that either of you are able to do on your own!
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    • Profile picture of the author Diice
      Originally Posted by royljestr View Post

      First off, congrats for taking action at such a young age!

      Yes, any time you can work together you build a synergy that tends to bring in way more profits that either of you are able to do on your own!
      Thanks for your reply!
      Seem to be getting roughly the same message from most of the people here

      Thanks,
      -Michael
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  • Profile picture of the author dman1995
    Hi, first post here, My experience has shown me the importance of building relationships in the retail world. Moreover, I must say that relationships allowed me to reach different levels of success through the years. If you only knew the extent of meetings I have held to promote new ventures... Each of these meetings has contributed to the success of these new ventures.
    What I am trying to say is that even with a business plan, a great product and you may be an Internet marketing wiz, but the right contacts and relationships can create a powerful momentum for your venture. In order to build relationships, you must define your vision, connect the suitable people to this vision and they will do the rest for you. Building relationships takes years and include offering value at all times. Sounds like you are off to a great start!
    Signature

    Patience is bitter, but it's fruit is sweet!

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  • Profile picture of the author KingTIP
    I agree that positive relationships are important when it comes to business. Let's say you're a landscaper. If you are friendly and get to know the client, they are more likely to pick you for the job, hit the Internet to write you a good review, and recommend you to their friends. You expect them to give you money, maybe a drink/meal, or a gift for your good work and friendliness, but flip that and give them a gift or an additional service free of charge and see how the rep grows.
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