“Our success has really been based on partnerships from the very beginning” Bill Gates, Microsoft
Being a health practitioner can be a lonely road at times, particularly if you are a sole operator. Quite frankly, a lot of practitioners like it that way! But if you want the abundant practice of your dreams, remaining an island just won’t cut it. Today I want to share with you a powerful way of attracting the clients you like to work with most through joint ventures.
So, what’s so great about joint ventures?
ü They leverage your business to more potential clients through valuable partnerships – building your client base at minimal cost
ü They build your credibility through the trust already held by your partners – exposing you to warm rather than cold prospects
ü You are seen as someone who is willing to work with others for a greater benefit to all concerned
ü They allow you to be surrounded by likeminded and passionate people - you will be inspired and inspire others
ü They can create free publicity
ü If carefully targeted joint ventures will help position you as an expert in your chosen field
What kind of joint venture should you consider?
Joint ventures are only limited by your imagination. Here are some suggestions:
ü Place flyers at local businesses in exchange for their ad or coupon in your newsletter
ü Offer a free treatment to the local physio or personal trainer who can speak on your behalf to their clients and refer them to you. A value adding voucher works well in conjunction with these. Offer to refer your clients to them also.
ü Offer treatments as prizes to local charities and fundraisers in exchange for promotion in their flyers and newsletters as a sponsor.
ü Sponsor a member of the month prize at the local gym.
ü Team up with the local health food store – you promote their products while they promote your service.
ü Set up a stand at the local sports club or fitness centre. It offers their members an additional service and you get exposure to new clients.
ü Participate in open days and community events – you’ve got to be in it to win it!
ü Create a health expo by teaming up with other practitioners. Charge a fair price for half hour treatments and offer free talks on different health issues. Ask a local venue to donate the space. Promote it through local newspaper articles and what’s on columns, on community noticeboards and free online community directories. A little planning goes a long way.
ü Create a local network that appeals to your target market. For example, if women 40 plus are your market, team up with a local café or restaurant and host a monthly luncheon event. It could be purely social or you could have an interesting speaker each month.
These are just a few ideas. Harness your strengths and combine them with the strengths of others. Team your organisational skills with someone else’s public speaking skills and another’s venue or customer base. Remember, joint ventures don’t have to be complicated, even simple ones pay off over time. The opportunities are endless! Great opportunities don’t come along once in a lifetime, they come along everyday – are you ready to harness them and see your practice prosper?
Top tips to joint venture success:
ü Know exactly who you want to attract to your business. Clearly define your audience. This becomes apparent when you know exactly what your strengths are and who you can help the most. You must identify this first before proceeding, if you want them to work well for you.
ü List local businesses who have the same target market as you. They may or may not be health related, it could be the local fitness club, café or playgroup.
ü Approach potential partners from a ‘what’s in it for them’ – it’s not all about you (although your aim is for you to benefit, it must benefit your partners also).
ü Remember you don’t have to go it alone. Bigger joint ventures are best when it’s a team effort. Don’t be afraid to delegate – just the fact that you initiated the idea will be worthwhile if everyone benefits.
Joint ventures are a fantastic way to leverage your business. In my own business of helping health practitioners market themselves I have teamed up with several other businesses that I know can help my clients such as web designers and graphic artists, other online health marketing gurus, natural therapies academies, practice software developers and business networking groups. It is a powerful way to get the message across to the people you can help the most and it’s a win/win situation for everyone.
“If everyone is moving forward together – the success takes care of itself” Henry Ford.
I welcome your ideas and would love to hear them – feel free to email me if you’d like feedback at krishna@vitalityoptions.com.au I am also interested in potential contributions of your challenges and successes to my forthcoming book The No-Hype DIY Guide to Marketing for Health Practitioners’. All contibutors will receive a free copy.
To your health practice success….
Krishna
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