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Ask HN: Tips/secrets for partnering with large businesses?

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Ask HN: Tips/secrets for partnering with large businesses?

#1
I know from past experience and from talking with a lot of people that it can be hard to get a response from larger businesses, and even harder to get around their customer service departments and speaking with a higher up.

Many startups have services that need participation from larger vendors in order for them to succeed (for example ShopKick). While working on a previous project a large majority of my emails and phone calls to larger companies that we wanted to partner with were ignored. So HN, what are some tips/secrets to getting a response when looking to partner with a company, and who should you be contacting at that company (the CEO's, the marketing department, etc).

Edit: It would also be great for any business owners who use HN to weigh in on this as well and let us know what works for you and what types of things you ignore when being contacted about partnerships and biz development.

Re: Ask HN: Tips/secrets for partnering with large businesses?

#3

I am very interested in seeing where this discussion goes. I don't have much to add per-se BUT I do, however, remember seeing this some time ago: http://www.fourhourworkweek.com/blog/2007/12/10/how-to-get-g... Perhaps you will find it a bit helpful.

I actually read this post earlier today when searching for tips/ideas. I'm interested in stories of people from HN and what they did to get a response too, so I look forward to where this discussion goes. Thanks for posting the link!

Re: Ask HN: Tips/secrets for partnering with large businesses?

#6
Well the only successful strategy is to have a pitch that solves some sort of pain point that they are already having.

One of the hardest things to do is pitch something where the potential partner doesn't see a problem. And by 'a problem' here I mean 'is causing pain at the moment.'

You can tell a company until you are blue in the face that you will get them more leads, cut their operational costs, or streamline the experience the customers have when they deal with them. But unless the company 'doesn't have enough leads', 'has a problem with current operational costs', or 'has customers complaining about their interaction', all you will get is a thank you for sharing and nary a call back.

The fact is that the larger a business is, the more averse to changing they are. The reasoning is pretty simple, most larger businesses both don't know all of the variables that are going into their costs and customer experience, and they know they don't know all of the variables. Thus, if the system they are using is working for them (for their definition of working, not yours) then they won't change it. All they see is downside (change makes things worse), and little upside.

The only successful strategy that I have seen work with these folks is to find a way they can somehow canary your product with their own real data but without changing anything they currently have. That may take some extraordinary steps on your part to set up a completely parallel chain, but the payoff is that you can tell your future partner/customer, using their own data, how your change will help them and not hurt their existing system.

Re: Ask HN: Tips/secrets for partnering with large businesses?

#7
One thing that has worked for us is following them around. I mean literally. Find out what conferences the CEO is speaking at and approach them after they get off the stage. Sounds scary-stalkerish but it works. Even if you just get their card and make a quick connection. I've done this before for FeeFighters and gotten many meetings/partnerships out of it.

The other thing is LinkedIn. A warm introduction counts for a lot. Build your network, you never know who might help.

Re: Ask HN: Tips/secrets for partnering with large businesses?

#8
I feel I have to contribute a sob story from my younger days, which is peripherally related, but may have some relevance. This was back when applications were largely desktop based.

1.) See gap in market where the existing software is limited in functionality and difficult to use

2.) Develop software where everyone who uses it thinks it's amazing, easy to use, intuitive etc.

3.) Discover that although everyone loves it, it's really hard to market against the entrenched incumbents

4.) We got a salesperson in who after seeing the product agreed to being paid on an if-and-when the product succeeds basis

5.) Started looking for synergies and partnerships to help market it. Our salesperson had a lot of industry contacts and he used them to find out who the best people were to talk to at various organisations. He also managed to get introductions to some people. Other companies he found out who to approach just by doing some basic research, calling the company and asking around etc.

6.) Found an appropriate partner with huge customer base who was interested in providing it to their users

7.) They show interest, get NDA, legal agreement etc. drawn up, start negotiating

8.) Spend months demoing product, negotiating, graduating into meetings with increasingly senior staff etc.

9.) The main person we were dealing with is replaced with someone else, things go very quiet for a while

10.) After much deliberating be told that they've decided that the product wouldn't provide sufficient benefit for their users so they've decided not to go ahead

11.) Watch them launch a grossly inferior clone of your product a year later and win sweeping accolades

12.) Lawyer tells you initial legal agreement isn't worth paper it's written on

Then we considered open sourcing the product, but it turned out to be a nightmare because we'd used so many 3rd party components that it would've require huge amounts of work to get to a point where we could do so and we'd poured too much time and effort into it already.

As you can see, plenty of mistakes were made. I learnt a lot in the process though. I don't regret a moment of it.

Re: Ask HN: Tips/secrets for partnering with large businesses?

#9
Start your pitch to the producers not the management. If you're pitching a hospital talk to the doctors/nurses. Bankers for a bank, and associates for a law firm. Don't ask for management or the person in charge. I've dealt with a lot of organizations at a high level. Trying to jump in line and go straight for the CEO will get you lost in the noise. The bosses are already bombarded with requests promising everything.

You need at least one good producer to back you. These people are a lot easier to reach. They aren't usually sold too, and generally are closer to the pain points ("pain points" flow downhill). Once you have someone on the inside to vouch for the idea, then start moving up the chain.

Re: Ask HN: Tips/secrets for partnering with large businesses?

#10
post #7

One thing that has worked for us is following them around. I mean literally. Find out what conferences the CEO is speaking at and approach them after they get off the stage. Sounds scary-stalkerish but it works. Even if you just get their card and make a quick connection. I've done this before for FeeFighters and gotten many meetings/partnerships out of it. The other thing is LinkedIn. A warm introduction counts for…

I like your outside the box thinking on this instead of sticking with the typical email/phone call.
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