Business Basics: Top Tips for Building Positive B2B Relationships

ba-blog-1

Companies that want to be in business for several years or generations will need to build relationships with other businesses. While that may seem daunting to some, the truth is that developing a rapport with a company is a lot like doing so with a customer or client. Let’s explore some ways to develop ties with other organizations in your industry or local area.

Offer Something Valuable

An effective way to ingratiate your business with another is to offer it something of value. For instance, you could refer one of your leads to that business if you think that the other company can better meet that person’s needs. You could also offer data on customers in the area or anything else that could help that company without impacting your own sales.

Network Regularly

Trade shows and conferences are great ways to showcase your own business while getting to know others in the business community. Even if you don’t strike a partnership during a specific event, you can still exchange business cards or contact information with other people. In the future, it could be possible to leverage those contacts to create a partnership or otherwise create a beneficial agreement.

Have a Robust Online Presence

These days, companies should have an account on as many social media platforms as possible. In addition to being able to communicate with customers, companies can communicate with other businesses. For instance, you could congratulate a local business on its 50th anniversary or for opening a new location in town. You could also discuss general business issues or others that impact the community. This helps to develop a rapport with other organizations while helping to extend your own brand’s reach and visibility.

Get Testimonials from Corporate Clients

Let’s say that your business offers spot welding services to corporate clients in the region. If a client is happy with your service and workmanship, ask for a referral or for a testimonial that can be put on your website. When other businesses see that you offer a quality service at a fair price, they will be more likely to get in touch with your organization.

Building relationships with other businesses is a lot like building relationships with any other person or entity. You need to spend time communicating with others in person or online, offer something of value to the other party and be sure to deliver when asked to provide a good or service.

Related Posts

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Friday, 16 November 2018
If you'd like to register, please fill in the username, password and name fields.

Member Login

Business Insights & Tips

Leaderboard

1
Michael Lane
786 Points
2
Jill Holtz
784 Points
3
Ron Immink
732 Points
4
Fionan Murray
696 Points
5
ContentLive
276 Points
View Leaderboard