How to effectively manage business relationships with your franchise competitors
The way that you deal with your business competitors goes a long way towards shaping the public image of your business. By following some simple tips, you can easily improve your business relationship with your rivals. The way in which you treat your competitors will greatly effect how the media and your customers see you.
This is why it is important to carefully consider how you act with your competitors. It is now possible to have good relationships with competitors whilst restricting the impact that it has on the success of your business. When your customers see you treating your competitors well, they will have much more respect for you. Some important tips for effectively managing your business relationships are as follows:
Congratulate their success: When your rivals do something well, you should be prepared to say so.
Recommend business their way: If you and your rivals can cater for different categories of customers, then you should recommend them when you can’t offer the services to them. This will make you look good to your competitors and customers, and in return they may also be able to do the same for you.
By keeping these things in mind, you can effectively manage your business relationships with your franchise competitors.