Combine Your Business Resources to Gain a Competitive Advantage
Jan
12
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1/12/2010 4:29 PM
Combine Your Business Resources to Gain a Competitive Advantage
Marketing your business is pretty much like exercise. Each small thing you do usually accumulates and eventually leads to giant results. It is a good thing to focus on building your online reputation, but it also equally important to leverage the skills and resources of other people by entering into mutually beneficial partnerships.
Of course, there are risks involved when entering into partnerships with other entrepreneurs. This doesn’t mean that you cannot profit from partnerships and joint ventures. As you gradually expand your online influence, people will start to naturally seek you and your services. Eventually, you’ll get offers from others to strike a joint venture with them. A lot of these partnerships don’t need any money to get started, and usually the mutual exchange can do wonders for your online business.
Be a Guest Blogger
If you have a blog with average readership, you can increase your blog exposure by commenting regularly on other blogs. By being visible to the blogosphere, you are more likely to strike new acquaintances and potential partnerships with other blog owners.
Being a guest blogger is pretty much like being a guest on a TV program. You will be asked to write a post/article that will be feature in a particular blog owned by someone else. This may be a one time guest posting, or an ongoing deal. The benefit of guest posting is that the readers of that popular blog owned by someone else will get to see your article. A short bio description of yourself and your website link will appear at the bottom of each guest post. This way, people get to see your site as well.
Guest blogging is a give and take process. In contrast, you can also ask someone to write a guest post for your blog. They will then inform their readers and mailing list about the article posted in your blog, which will result in a huge traffic spike for you.
The Importance of Joint Venture Events
Building a huge marketing list that is primarily interested about your products is very important to business. By growing a subscriber list, you are actually increasing your chances of generating lots of potential customers. One of the best ways to grow your list is to attend a joint venture special occasion.
To be able to participate, you must be invited. Those who attend the joint venture event will be offered a free gift. Interested prospects must visit your website and sign up/subscribe to be able to gain access to the free gifts.
By doing this, you are not just giving away something of value to prospects, but you’re catering to the needs of joint venture partners as well. Gather as many joint venture partners as you can, and delegate to them the task of promoting the event. Not only will they send invites to hundreds and thousands of people in their customer lists, they will also add lots of new names to your OWN list.
Through industry events and joint venture meets, you keep possibilities open for long term business relationships and partnerships. Once you land a joint venture that works well, people won’t hesitate to work with you again because they already experienced good results with you in the past. The key is to provide strengths and resources that your business partner doesn’t have. Likewise, seek partnership with a fellow entrepreneur who possesses resources or skills you don’t have. For example, if you have an excellent product, but do not have the expertise to promote it to the masses, it is helpful to strike a joint venture with someone who has tremendous marketing skills (but has limited skill in product creation).
27 comment(s) so far...
Re: Combine Your Business Resources to Gain a Competitive Advantage
Nice intelligent approach . Creative mind . Thanks for the post .
By USA Newspapers on
1/16/2010 3:30 AM
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By Medical practice software on
1/16/2010 4:34 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Thanks for the nice comments. Make sure to keep them on track and add something to the conversation.
By Steve on
1/16/2010 10:28 AM
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By oliviya on
1/18/2010 6:49 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
I would like to see more blogs on this subject. Your work is so special for me, I appreciate every your post and read it several times in order to keep in mind and don't forget in some days. Thank you for being there for us!
By yoga wear tops on
1/19/2010 2:08 PM
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Combine Your Business Resources
This is a very good step for Growing the business.....!!!! Competitive advantage occurs when a firm uses its resources and capabilities to develop organizational competencies that, in turn, create value for customers.
By wireless phone services on
1/22/2010 3:13 AM
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I wanted to drop you a quick note to express my thanks. I’ve been reading through your blog for a few days or so and have picked up a ton of excellent information as well as enjoyed the way you’ve structured your site. I’m trying to run my own blog however I think its too general and I need to focus more on smaller topics. Being all things to all people is not all that its cracked up to be.
By ofac sdn list on
1/29/2010 4:28 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
A competitive advantage exists when the firm is able to deliver the same benefits as competitors but at a lower cost, or deliver benefits that exceed those of competing products. The tips and advices you provided here were so amazing.
Thanks for sharing.
By margaret on
1/29/2010 5:37 AM
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Most people think they just start BUSINESS and the money comes rolling in. The fact is it takes alot of work to make any money. anyways great post.
By tens unit on
2/13/2010 2:27 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
A blog can be a great source of business ,you can earn money by a blog.wonderful post given for a business.
By web hosting coupons on
2/23/2010 4:12 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Competitive Advantage provides its client organizations support in maximizing sales performance.
By Outdoor Wear on
5/11/2010 1:51 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Business Economics and Competitive Advantage examines the economics of a company's business focusing primarily on its competitive advantage.
By Stag Weekend on
7/8/2010 3:52 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Defining your business' competitive advantage is an important step in growing your business and outlasting your competition.
By french style furniture on
7/19/2010 6:34 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Hmm! When the firm is able to deliver the same benefits as competitors but at a lower cost, or deliver benefits that exceed those of competing products...
By print my emotions on
8/18/2010 2:33 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
I want to see some more post at this subject ,anyway the work done by you is also admirable , i think so many people want to make money very fast so that they start marketing bussiness and in many cases they get success also.
By Carriage Clocks on
8/27/2010 1:18 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
I think a blog can be a good source of business , because with the help of this we can express our business in a fine way.
By Virtual Office Services on
8/30/2010 12:29 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Competitive advantage occurs when a firm uses its resources and capabilities to develop organizational competencies that, in turn, create value for customers.
By Helicopters on
11/17/2010 12:39 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
You can earn more and more money through blogs...
By Commercial Property Developer Chd Developer on
11/22/2010 3:29 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Blogs is very good source of income if you have some more information regarding this than please share with us..
By July 4th Decorations on
11/24/2010 3:25 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Blogs are amazing i have one and it gets some serious traffic for my website, agree totally.
By top gifts on
4/5/2011 6:34 PM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
This article helpful to increase the the sell of your business.its very good way to explain the strategy of business selling.thanks for post this article.
By Forklift Sales on
4/18/2011 8:22 AM
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I found great business resources through this article..Marketing your business is pretty much like exercise. Each small thing you do usually accumulates and eventually leads to giant results.
By business financial solutions on
5/5/2011 9:11 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
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By 70-680 on
5/23/2011 4:51 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
Competitive advantage is based on theory that seeks to address some of the criticisms of comparative advantage. To have a competitive advantage, you must create an edge over your competitors.
By Vaporizer on
7/12/2011 1:02 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
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By Rita on
8/9/2011 1:57 AM
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Re: Combine Your Business Resources to Gain a Competitive Advantage
You can explain the strategy of business selling to gain competitive advantages in very well mannered thanks.
By find a freelancer on
8/9/2011 4:57 AM
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Cosmetic Plastic Surgery
Thanks for the FANTASTIC post! This information is really good and thanks a ton for sharing it :) I m looking forward desperately for the next post of yours..
By Cosmetic Plastic Surgery on
12/15/2011 12:24 AM
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