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Strategic Partnerships & Distribution Channels Assistance
Establish new strategic alliances and business partnerships.
Distribution channels are key for fast access to a market, especially if the reputation of your company is not yet established. If you are able to establish strategic partnerships with prominent players in your industry, you will accelerate this process.
In fact, reaching your target market for certain industries is not a question of intensive marketing campaigns, but more a factor of how many strategic alliances and industry partnerships you manage to develop. To enter a particular international market, you need to invest in international business development, which includes setting sales channels.
Marketing Campaigns vs. Marketing Business Development
Business development activity is complementary to marketing campaigns. Let’s look closely at the definition of these terms:
- Marketing is an integrated process to help companies understand client needs, creating value, awareness, and prospective clients. Building strong customer relationships with marketing tools boosts a company’s standing to convert potential customers to profitable sales.
- Business development is the process of developing a working relationship between two or more independent entities for the sake of advancing both sides commercially.
What Are the Steps of Forming a Partnership?
To launch and establish a collaborative relationship between independent entities, you must perform the following steps:
Develop your marketing strategy
Assess potential alliances and strategic partners
Negotiate and sign an agreement
Enforce the agreement
Marketing Campaigns vs. Marketing Business Development
When a new industry partnership is formed, you can expect the following advantages:
- Each entity will be able to focus on activities matched to their strengths, thus enhancing results and productivity
- Industry partnerships will enable each entity to learn from partners and develop competencies that may be more widely exploited in an alternative geographic region or industry
- You will leverage the reputation of high-profile partners for added credibility and better access to markets
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Let Direct Objective assist you in building strategic partnerships and unlock quality distribution channels!
Testimonials
“Direct Objective quickly established important industry alliances that were essential to our company’s success, with their business development strategy, practical advice, and hands-on approach.”
Maggy Apollon, Former CEO, Edo Traveler Suites (Now President at Maggy Apollon Achitecte)