How to Turn a First Meeting into a Long-Term Business Relationship inLATAM
In Latin America, business revolves around interpersonal relationships. A great offer alone isn’t enough—price matters, but so does genuine connection. That’s why creating a warm, engaging environment from the very first interaction is essential.
But how do you build that trust from the start? What turns a simple conversation into the foundation of a strong and lasting business relationship?
1. Build a Genuine Connection from the Start
Beyond professionalism, business in LATAM is personal. Building an authentic relationship can make all the difference from the very first meeting. To achieve this:
- Find common interests to create a more engaging conversation.
- Be authentic and avoid an overly formal tone.
- Show interest in the person beyond the business aspect.
- Be transparent about your value proposition and avoid exaggerations.
2. Personalize the Business Relationship
Each Latin American country has its own business culture and practices. Researching local customs and adapting your approach can make a significant impact.
- In many countries, formality is a sign of courtesy and professionalism. Use the person’s name respectfully, adding “Señor” or “Señora” when appropriate.
- Learn local expressions or cultural references to build rapport naturally.
- Respect company hierarchies. In many organizations, decisions are made at the highest executive levels, so addressing the right person and showing deference to leadership is key to advancing negotiations.
3. Prioritize In-Person Meetings or Video Calls
While technology has made remote communication easier, face-to-face interactions are still highly valued in LATAM. To strengthen the relationship, consider the following:
- Arrange in-person meetings whenever possible.
- Choose video calls over emails to make interactions more personal.
- Turn on your camera during video calls to better connect with your audience.
4. Offer Value Beyond Your Product or Service
Reciprocity is a fundamental principle in business relationships across the region. Providing value goes beyond product quality and includes customer service, innovation, and market knowledge. To achieve this:
- Regularly share useful insights or industry trends.
- Propose collaborations or added benefits to strengthen the relationship.
- Introduce them to key industry contacts—this can be highly valuable.
- Reinforce your credibility by sharing success stories, testimonials, or expert insights.
5. Follow-Up After the Meeting
A single meeting is not enough to build a strong business relationship. Staying in touch and showing commitment is key. Consider the following:
- Send a thank-you message after the meeting.
- Share updates or relevant articles to stay on their radar.
- Suggest initiatives that keep the conversation going.
- Follow up on the agreements made during the meeting.
6. Be Patient and Persistent
In LATAM, business deals are not always closed immediately. Trust is built over time by overcoming challenges and seizing opportunities. To achieve this:
- Be patient and avoid applying excessive pressure.
- Understand each company’s decision-making processes and timelines.
- Maintain a positive and persevering attitude.
Remember that business relationships in LATAM are not built overnight. A good offer alone is not enough to win a client. You also need to invest in the relationship.
To do this, it is essential to stay present beyond the first meeting, demonstrate commitment through actions rather than words, and understand that trust carries as much weight as the value proposition.
Those who build genuine connections do not just close deals. They create strategic partnerships that open doors to new opportunities in the future.
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