How can you use storytelling to build strategic partnerships?
Storytelling is not only a powerful way to communicate your ideas, vision, and values, but also a strategic tool to build and maintain partnerships with other organizations, stakeholders, and influencers. Whether you want to collaborate on a project, pitch a proposal, or negotiate a deal, storytelling can help you establish trust, rapport, and alignment with your potential partners. In this article, you will learn how to use storytelling to build strategic partnerships in four steps: identify your goals, understand your audience, craft your story, and deliver your message.
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Rose M.Your Storyteller Mate at a Text Distance | Helping brands to grow online through (1) Social Media Marketing (2)…
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Rachel SavageTelling the story of purpose-led brands to create a connection with their people and ideal customers | Brand New Story®…
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Ganes Kesari2X Founder & Chief Decision Scientist | TEDx Speaker | Contributor to MIT SMR & Forbes | B-School Adjunct Prof. |…
Before you start crafting your story, you need to have a clear idea of what you want to achieve with your partnership and how it aligns with your mission and vision. What are the benefits and challenges of working with this partner? What are the mutual interests and values that you share? How can you create a win-win situation for both parties? Having a clear goal will help you focus your story on the most relevant and compelling aspects of your partnership.
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Always start with the end in mind. Or, as author and business thought-leader Simon Sinek would put it, "Start with why!" What is your end-game? And why do you want to reach that end-game? What result do you want to receive for yourself and create for those you're serving and/or partnering with? It's like writing a book. Many a writing and/or communication coach (myself included) will tell you to scope out the plot of the book and write the final chapter first. That way, you know where you're heading and why you're writing the story. So, think of your goal is defining your why; putting flesh on the bones of your why. You always need to start with why, or you'll end up going around the houses, so to speak and end up totally off course.
The next step is to research and analyze your potential partner and their needs, motivations, and expectations. Who are they? What are their goals, challenges, and pain points? What are their preferences, concerns, and objections? How do they make decisions and evaluate opportunities? The more you know about your audience, the better you can tailor your story to resonate with them and address their questions and doubts.
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It helps to create a profile or avatar of your target audience. If you've ever been to a marketing workshop, you're probably familiar with the concept of creating a client avatar of your ideal client. And you can take this concept several steps further. You can create an ideal partner avatar too. And don't, like many do, focus just on the tangible aspect - demographic, financials, etc. Also look at the the non-tangible aspects - typical behaviours of your avatar and, most importantly, the psychographics. That is, what's going on inside your avatar's mind, heart and soul? If you were to cut them in half (metaphorically speaking) what would it say inside? The psychographics of your avatar is the most important aspect of their profile.
Now that you have a clear goal and a deep understanding of your audience, you can start crafting your story. A good story has three main elements: a hook, a challenge, and a resolution. The hook is the opening that grabs your audience's attention and interest. It can be a surprising fact, a relevant question, a personal anecdote, or a compelling statistic. The challenge is the problem or opportunity that you and your partner face and how it affects you and them. It can be a market gap, a customer need, a social issue, or a competitive threat. The resolution is the solution or outcome that you and your partner can achieve together and how it benefits you and them. It can be a product, a service, a project, or a vision.
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Let's say you're building an AI solution that helps conserve endangered species such as whale sharks by uniquely identifying them, monitor their movements from tourist pictures, and drive awareness to onboard public support. You can apply the above framework to create a hook by calling out the alarming drop in whale shark population and why this could jeopardize ecological balance. The challenge could be the rampant poaching of whale sharks by humans for their oil. Present the AI solution as a resolution and how it benefits the community. This is far more powerful than describing the solution or talking about its accuracy. The technology team may be passionate about these, but your stakeholders may not really care.
The final step is to deliver your story in a way that engages your audience and persuades them to take action. You can use different channels and formats to tell your story, such as a presentation, a video, a case study, or a testimonial. Whatever you choose, make sure to use clear and simple language, avoid jargon and technical terms, and use emotion and humor to connect with your audience. Also, make sure to listen to your audience's feedback, answer their questions, and address their concerns. Remember, storytelling is not a one-way communication, but a dialogue that builds trust and rapport.
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Your delivery is the make or break of your story. You can have a great story and then totally destroy it with poor or unengaging delivery. It's like telling a joke and then messing up the punchline - or needlessly explaining the joke afterwards, which kills the punchline. Practice your delivery as much as you can. Practice in front of a mirror. Practice with trusted colleagues/associates. Gauge people's responses. Where possible, always record yourself and watch yourself back as if you were a member of your audience. Get a communication coach, who can give you constructive feedback. And there's a great free online tool called Yoodli.ai you can use (I use it with my clients) to help identify speaking and delivery areas you need to work on.
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Remember, delivery improves with practice. Iterate on your message and how you'd deliver it. Practice it with friends, with a friendly group of stakeholders. Find out what resonates with them, and ask for suggestions to improve. Go through at least 3 to 4 iterations before you deliver this to the most important or largest group of stakeholders.
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One of the non-negotiables I follow with my team is leveraging the best out of storytelling while communicating with potential partners. -When we discuss a strategy, it will always be supported with a story. -When we explain the processes involved in a project, it will be done through powerful storytelling. Rather than a boring meeting & a written project brief, helping them navigate through stories is super effective.
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Our current approach to storytelling and purpose is very outdated. That's why so many organisations fail to connect with their people, potential strategic partners and customers. Having a strong purpose helps you connect with like-minded people and organisations on a far deeper level than ever before. But please don't hire some external consultant to craft a 'purpose statement' for you. Purpose statements don't represent the heart and soul of your organisation – you and your people do. Your purpose is simply a story out there in the world – one that already exists, but is broken – that you're seeking to change, evolve and transform. Identify that and the rest will fall into place.
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