WNiF Magazine - Spring 2016 Edition | Page 19

uses images in their portfolio with reference/branding of nutritionist. 4. Identify Your values 9 STEPS TO CREATING VALUABLE PARTNERSHIPS It’s vital that you know what you stand for, what you believe in, and what you are not willing to compromise. Be clear on your own beliefs and take the time to find out about the partners you are looking to engage with. As a fitness professional so much of what you do is based on trust and integrity, so you need to guard these fiercely, and never compromise them! 1. Start Developing Your Network 5. Identify Potential Partners Just make a start. Have a conversation, connect with peers on LinkedIn and social media platforms, go to an event to meet likeminded professionals and potential business partners. Based on your goals and the consumer behaviour of yourself, your business and your clients – write a big list of all the companies and organisations who could provide those things to you. At this stage, don’t edit the list, let it be as big as you like, and I encourage you to get creative! You probably won’t be contacting every company on this list, but it’s great to see all the possibilities out there for you! Knowing your business goals will also help you identify other partners, so while they don’t specifically service your current clients, they offer further value to your business in terms of increased network and opportunities. These are just examples of the kind of mutual benefits on offer. One of the most important things is to establish what the commercial value of the offerings is and make sure that each side is getting a fair return on their investment. 2. Identify Your Business Goals What are your goals as a business? Do you want to get more clients through the door, or maybe you want to launch an online program that allows you to free up your time a bit, while servicing a much greater number of clients. Maybe, you want to keep the same number of clients but increase your profits… all of these things are possible, and partners can help you achieve these goals. 3. Identify Consumer Behaviour What do you and your direct network of clients and colleagues currently spend money on! What do you spend money on for yourself and for your business? List these things down. I encourage doing a mind map (a brainstorm on a big piece of paper!) for this – write down all the different products and services you can think of! It might be quite a big list. These are all the kinds of partners you could engage with! When you know what you are looking for, who you can get it from, and what you have to offer in return, you will easily be able to create a short list of potential sponsors. And then have the conversation with them about whether they’d like to partner with you! 6. Identify Value You Can Offer Create a library of all the different kinds of things you can offer your partners – client referrals, use of your gym facilities for photo shoots or product launches, WHAT’S NEW IN FITNESS - SPRING 2016 testimonials and product reviews, selling through your network, having you attend their events as a guest speaker, health tips and even training sessions for their staff. This is a great one for corporate organisations or media outlets! The most important thing when it comes to looking at what you can offer a partner is to find out about them through research, and by asking them! 7. Chat with Potential Partners Yes, have a conversation, test out the waters, ask them if they think there is potential for a partnership, and find out what they are looking for and working towards in their business! This conversation will likely be a pivotal point in your partnership journey! 8. Identify The Activities You Are Both Contributing To The Partnership And Create A Plan Once you’ve both put your wants, needs and offerings on the table, it’s time to create a balanced and mutually valuable arrangement where you are both contributing and receiving commensurate value! Be explicit about the types of activities, the frequency and as many details as possible to ensure you are truly on the same page and clear about each others requirements and expectations, as well as what you are committing to! 9. Sign a Contract or Agreement The contract should list all of the content from Step 8 and you can use it as a checklist to make sure you’re both delivering what you’ve promised, as well as for your planning purposes during the year. 19