Business
28 lipca 2018

Best practices in business partnerships

To achieve success, it is not enough to have business partners, you need to have good business partners. In such relationships, you have to pay attention to many things, including proper communication, mutual relations and long-term loyalty. How do I do that?

Trust and communication

The best type of business partnership is when it is based on mutual trust. When both parties feel that the relationship does not require more from them than they are able to offer, and the communication between them is at a good level. It is impossible to talk about partnership if, for example, one of the parties learns about the new projects of its partner from the press or from third parties. Openness, honesty and mutual respect are essential.

Loyalty

This is another aspect of business partnership that should not be forgotten. The building of appropriate loyalty should be ensured from the very beginning and throughout the entire duration of the relationship. It is a long-term process, but it gives big business benefits for both parties. It is the mutual loyalty of business partners that helps to gain a stable position on the market, generate higher profits and open up to new areas of activity. You can gain loyal business partners, strengthen your market position and count on further profits. Such partners work better than advertising.

Mutual rewarding

It is worth taking care to maintain the loyalty of your partners also through appropriate incentive programs, such as rewarding for each completed order. After collecting a certain number of points, they can be exchanged for a prize selected from a properly constructed catalogue. The most popular are prizes in kind, coupons and prepaid cards, which give you the freedom to choose the benefit. Remember that well-chosen awards build positive emotions and attach to the brand.

Bonus Card

It's a modern way of rewarding business. Prepaid Bonus Card offered by Sodexo is a universal and flexible tool for building motivation. It is worth rewarding people who have a real impact on sales. As an entrepreneur who issues such a card, you primarily save money (the activation fee is a one-time fee) and time thanks to a short process of order processing and top-up. Your partner gains access to the widest network of discounted outlets - more than 300,000 points across the country. It also has the possibility to withdraw cash from ATMs, stop the card and take advantage of promotions up to 50% throughout Poland in points of sale accepting Sodexo Bonus Cards. The balance of your card can be checked 24 hours a day online and at ATMs.

Take care of your relationships with business partners and do it with your head. Bet on proven solutions to enjoy their measurable effects.

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