Partnerships

## Partnerships are considered to be the easiest way to achieve success. Why? Because someone else has already built a network containing all or a lot of the users/clients you need to reach. Some of them could be willing to market your products to them in the following ways: If you are lucky, they won’t want anything in return because your product will add value to theirs—a win-win situation for both parties. You can promote each other’s products and, therefore, bring equal value to the deal – hence, no payment, commission, or company shares need to be exchanged. Affiliate programs are sometimes more accessible for partners to understand. They promote your product with a link on their website. This link tracks the referee and records their ID for a commission when their users sign up or buy your product.  **How to Find Partners** You know who your market is, right? If not, please read this part of the guide: Community. What other services do your clients use that would be non-competing? Reach out to those businesses. If your clients are nomads, you can partner with influencers (bloggers, Instagrammers), coworking-spaces, nomad forums, and other nomad services. **Commission** If you want to build a long-term relationship, give a substantial commission. Not some free nights in your space. 10% commission or more for a first-time guest can, if done correctly, get them eager to focus on your partnership in a way that benefits both parties. Be sure only to pay commission when referrals lead to paying guests. **Local Partnerships** The local partnerships you build around your space significantly contribute to the services you offer to your guests. In some cases, these enticing offers can be a huge reason for people to come to YOUR space. For example, if not already provided with their stay, your guests could receive discounts on things like: Gym – yearly, monthly, or daily membership Car/Motorbike rental Restaurants/Delivery services Massage/Spa Catering (maybe delivering lunch to your space every day) – a restaurant would be happy to have a minimum daily order from a coliving space – and would be willing to offer substantial discounts for this regular business. Excursions – many companies give group discounts for cooking classes, temple visits, museum entry prices, day trips to places of interest, quad-biking, etc.