We Are Expanding, and You Are All Involved!

Yes, you heard right. We are expanding, and you have all played a part. Over the past 30 days, our team, our membership, and are offerings have grown, and we couldn’t have done it without your help.

We are also excited to share that we are entering the world of “Blockchain”. For those of you who may not be familiar with Blockchain technology, here is Richard Bradley’s attempt to explain it in under 100 words:

“You (a “node”) have a file of transactions on your computer (a “ledger”). Two government accountants (let’s call them “miners”) have the same file on theirs (so it’s “distributed”). As you make a transaction, your computer sends an e-mail to each accountant to inform them. Each accountant rushes to be the first to check whether you can afford it (and be paid their salary “Bitcoins”). The first to check and validate hits “REPLY ALL”, attaching their logic for verifying the transaction (“Proof of Work”). If the other accountant agrees, everyone updates their file…This concept is enabled by “Blockchain” technology.” [https://www2.deloitte.com/ch/en/pages/strategy-operations/articles/blockchain-explained.html]

Make sense? Perhaps you are a super genius and 100 words was all you needed or (like we first were) you are looking at this blog, with your jaw to the floor, more confused than the time your 4th grade teacher asked you the square root of 239. Don’t worry, the more you utilize our platform, the more knowledgeable you will be in blockchain.

As you already know, at Collaborate.biz, we match your business with new partners to help you grow your referral network. As we expand, we are creating a turnkey solution that helps our members more easily attract, engage and motivate their brand ambassadors in order to grow faster, lower costs, and recruit smarter – all this while leveraging blockchain technology.

So what are brand ambassadors, anyway, and why do I need them?   Brand ambassadors are any stakeholders of your business, such as customers, partners, or even employees, who can help you promote your business and grow your team.  When your brand ambassadors are engaged and motivated, you can boost your sales efforts, lower recruiting costs, and grow faster.

Let’s face it.  Landing a new account is tough work, and it doesn’t come cheap.  You can spend countless hours chasing leads and writing RFP’s, only to come up empty handed. Even some of the best B2B companies end up spending several thousands of dollars to acquire a single customer.  That is why it really helps when your business is introduced to new customers by people that they already know and trust.  Even small gestures, like sending an email on your behalf, or telling prospects about your business, can make big difference when trying to land a new account. With Collaborate.Biz Brand Ambassadors, you can lower customer acquisition costs by rewarding your business connections every time they take small, but meaningful actions that can help you grow your business, such as giving referrals.  With the blockchain, we make it easy and cost efficient for you to manage these rewards, right when they can make a big difference.

So how does it work? Just like a loyalty program, your partners receive points when they complete a specific task, which they can redeem for cash, cryptocurrency, or other prizes that you choose.  Our software automates the rewards management process, while helping you stay on budget and in control, and is backed by powerful blockchain technology, for added security and efficiency.

More fun features and functionalities to come. As we bid February farewell, welcome March, and officially state “closing time” as the Semisonics play on… we would like to thank you all for your support thus far. We are excited to continue this journey with all of you.

Cheers!

How to Grow Your Business In 2018 Using Referrals

You don’t need to be rich to build your business.

Not all businesses need millions of dollars to gain momentum. Many of the largest corporations and Fortune 50 companies grew simply by building a successful referral network.  Whether you are starting a business or expanding, there are hundreds of questions that need answering. How much money does it take to start a business? How do I attract more customers? How do I get leads?

Everyone wants more visitors, more qualified leads and more revenue. To answer your question before we proceed; no, you don’t need millions of dollars to build your business. What you need is a strong customer and partner base. So, how do get more customers and partners to like your business? Create a referral network.

Referral networking is one of the best strategies to attract customers and create future partnerships at minimal cost. If you don’t know where to start, break it down. We have networked ever since the first day of Kindergarten. What did that cost you? Nothing. Perhaps, some of those kindergarten friends grew up to be entrepreneurs and business associates just like yourself?  Diving a little deeper into discussion. Perhaps, one of those friends referred you recently to another business that may benefit yours or help you down the road. Maybe they helped bring in new revenue by being a top customer to your business and using your product and/or services. Referral networking is a powerful resource.

Evernote, the note-taking software launched a referral program that awards points to customers every time they make a referral. To date, the service now has over 100 million users, 13 million of which were referred by other users. That is the power of referrals. The cost of implementation was priceless. It boosted their business exponentially and substantially. The best part, you can do it to!

This is your year. Build your referral network and grow your business in 2018!