Global Joint Ventures Everyone wants to earn money. It is the key to having not only the things we need but the things we want as well. A regular 9-5 job does not give much room for wasting time on efforts that will not be fruitful. Joint ventures allow for efficient and effective time management to ensure you the profits you are looking for. Ideally, you will want to partner with someone who can be on at times when you are not available. This would mean partnering with someone on the other side of the world from you. Naturally, there are risks involved that you will need to outline and address early on in the joint venture setup, but the benefits are just as many. Being able to monopolize on every hour of every day could mean a step up over the competition. It would be a shame for you to miss a sale merely because you were not online to address a potential client’s questions. There are plenty of forums and means available for you to research your potential partner’s background. Ask. Seek. Find. You will find that by merely visiting your prospectives’ sites, reading his forum posts, and watching how he interacts not only with his customers, but the general public, you can learn a lot about his character. Not only will you want someone who will be a good representative of your name and brand, but someone that you feel you can work closely with. As joint ventures are very much like a partnership, you will want to make sure that all parties are comfortable with the terms and arrangements. You will want to also make sure that they are familiar with their roles and duties so no boundaries are crossed and communication is kept open. Knowing clearly what is expected of them will also allow for accountability to be applied. One thing to also consider is the language barrier in addition to the target audience. If your joint venture partner cannot communicate well with your target audience, he will not be of any help to you when you are not readily available online. Additionally, if your potential joint venture partner is not familiar with your target audience or region, he again will be of no help to you. A global investment in a joint venture with an international partner can have its advantages as well as its disadvantages. Research, commitment, and determination can help you in finding a partner that will not only meet your needs, but also provide you with the profits for which you are looking. Global joint ventures allow you to monopolize on what is precious to anyone trying to make money: time.