Episode 298: Partnering with Clients: The Good, The Bad & The Ugly (FS298)

The Fizzle Show

fizzle.co

Entrepreneurship, Business, Careers, Freelancing, Marketing, Small Business

4.8 • 648 Ratings

🗓️ 18 December 2018

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Shownotes: http://fizzleshow.com/298

How can a new partnership help grow your business? When is the right time to enter into something you believe will be mutually beneficial? What are the questions you need to ask yourself before making a decision on this front?

It is hard to imagine the online business world of today without partnerships, endorsements collaborations and picking the right ones can take your business further than you might have imagined. But that does not mean that every connection is a good one or that you should jump through endless hoops just to get a cosign!

In this episode, we look at a bunch of angles relating to this question and try and help you figure out the best process for picking the right way through potential business negotiations. We get into the idea of dream partnerships, when to draw a line in the sand and the most important factor, understanding value.

We also talk about bags, cars and phones, drawing on many examples and metaphors of how you can understand the exchange that takes place in any good partnership.

For all this and more, come and join us!

Key Points From This Episode:

• New cars, new phones and the excitement around purchasing. [0:04:59.3]
• The example from the forum that sparked this conversation. [0:11:57.6]
• Considering a new partnership from both perspectives. [0:15:35.1]
• The concerns of a contractor when approached by a business owner. [0:19:10.4]
• Figuring out a route to tackle a client’s concerns. [0:23:01.6]
• Corbett and Chase’s own experience of entering into a partnership for Fizzle. [0:25:50.9]
• Podcast sponsorships and the uncertainty of value. [0:30:59.4]
• Do not undervalue yourself! [0:37:20.3]
• Recapping the exercises relevant to these decisions. [0:42:22.6]
• Keeping track of ways in which you are growing for sustainability. [0:46:01.2]
• Maintaining a baseline and adventuring out from there. [0:50:30.3]
• The self reliance quotient and building a solid foundation using a spreadsheet. [0:55:12.5]
• Finding a middle ground in a negotiation with a potential partner. [0:58:57.8]
• And much more!

Links Mentioned in Today’s Episode:

Transcript

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0:00.0	Hey, hey man, what's going on? It's the fizzle show.
0:07.0	I love that you guys can't hear it. I'm on the phone, of course, as always, with Corbett and Aiden, and this is the fizzle show, and they never get to hear the music in the background. They just hear my voice.
0:24.8	But I have this like raucous loud music.
0:30.2	This like, this music to me is one of, I made this in case you didn't know, because I just,
0:36.0	I love this vivy 80, like it feels like, I don't know, it feels like writing, it feels like Tron.
0:36.6	Yes.
0:37.4	I was going to say that. It writing, it feels like Tron. Yes, I was going to say that.
0:38.2	It's like you're watching Tron. It feels like Tron and I just love that vibe. And to me, if I can make,
0:43.5	making my business feel the way that riding one of those light cycles and Tron feels, then I'm like,
0:51.3	you know what? We got a chance for me to not burn out.
0:58.0	We got a chance for me to like have fun doing this for a long time.
0:59.2	Ashtag bizkles.
1:01.5	Hashtag bizkles is right.
1:05.8	Because if I'm honest, like if I look back at my life, I am a terrible employee.
1:12.8	Again and again and again and again, I'm just such a bad employee, uh, because I get bored and because, like,
1:18.2	I lose interest and because, uh, I'm, chances are I'm probably really interested in something else. Like, like, like, like, like, there's a lot of interest in something over here, but I can't make
1:22.3	money doing that, can I? I couldn't, I could never support myself doing something like that, could I?
1:28.4	Do you know what I mean?
1:29.3	It's this kind of like thing that I've lived in for forever.
1:32.3	And now I find myself profoundly doing things that I actually enjoy for a living.
1:37.9	And I'm like, looking back on my past going like, how come nobody told me about this?
1:43.3	How come nobody shared this?
	...

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