Partnering makes sense if …
…You’ve determined that your company’s core competency/DNA/passion/USP is in other areas than the areas that could very well be catered to by partners.
But our speakers stressed that your partnering needs could also change over time: for instance, when you determine that your area of focus should be developing and marketing a scalable B2C photo print app (as brought up by B2C photo print app provider Persnickety Box) or innovating the wall décor framing tech (B2B & B2C wall décor provider, XPozer) rather than being distracted by the logistics of doing your own print manufacturing. Or conversely, you might decide to focus more on print manufacturing for B2B customers and expanding your B2C brand rather than continuing to develop all software/apps yourself (B2B and B2C photo print product provider, ORWO Net).
Partnering does not make sense if …
…There’s no solid commitment from the partner in terms of resources and efforts (brought up by B2B middleware company, Mediaclip). There’s usually not a lack of potential partners who like to work with you but if there’s no skin in the game, they might be gone in no time if other opportunities arise – and you’ve wasted your resources and efforts.
…You feel that the solution you need is so crucial to your business success that you simply need to have complete control over it and do it yourself, for instance, when you have specific needs for quality, turnaround time, customer support, or costs.
…Or if you feel you need to have a direct line of engagement with the partner who delivers the actual solution, i.e. your partner can’t be the middleman, or third-party print services or software aggregator.
Partnering requires good communication
Like any partnership, good communication between business partners is essential. Things will go wrong at some point. Or your requirements change. Or your partner feels the need to start outsourcing (part of) the solution they’ve been providing to you. Or your partner is moving in different business directions and there is no longer the initial good fit. Or they will start serving your arch competitor. And so on.
What makes good communication with business partners? According to our speakers, the communication should be honest (no excuses), open & upfront (to learn about mishaps as early as possible, so that you could still mitigate them), and personal (have a personal connection with your partner’s stakeholders).
Some items are non-negotiable with photo print partners
According to our speakers: the quality of the product or service (brought up by everyone), turnaround time (brought up multiple times, but most strongly by B2C greeting card provider, MyPostcard), customer service, backup broadband, being able to address the full range of your product’s specs (brought up by B2C photobook provider, Journi), and the partner’s willingness to share their settings with other providers if needed.
And then there’s that pesky question of pricing...
While important, the partner’s pricing should not be the first thing on your – and your partner’s – agenda. In fact, several of our speakers stressed that potential partners who start their approach by highlighting their pricing, are per definition suspect. Fees should only be negotiated once you’ve determined that their capabilities meet your requirements, our speakers agreed.
And one aside: that market segment that was never on your radar screen – jail mail
Sending personalized greeting cards to inmates is not an insignificant use case (one addressed by MyPostcard), but one that’s much more complex to address than you might have imagined – especially in the US with so many privately owned jails. Each of these could have their own regulations as to what types of greeting cards are acceptable, e.g. whether they prohibit envelopes, color-printed pieces, or physical stamps.
I salute Oliver and his team for tackling the complexity involved in delivering of what I assume is a highly valued service by the greeting card recipients!
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