Tag Archives | Joint Venture

A_Joint_Venture_Success_Story

By Randy R on August 18, 2010 in JV

A Joint Venture Success Story

The big selling point of a joint venture is the fact that all the parties involved will prosper. The question you have to ask yourself is by how much. As most joint ventures are short term contracts, you have to consider the profits in the short term as well as the relationships for the long term. As the more connections you have, the geater chance you have of gaining more joint venture opportunities or hep in your own ventures, you will certainly want to be able to maintain the relationships you form even if the first joint venture is not a success.

As with an business, the key to success is knowing your field. If you know the problems before they occur, you can troubleshoot them easily. If you know the challenges that come along with it, you can be prepared. Knowing the competition allows you to have an edge or even and insight in your field; after all, if you know what they are giving their clients to keep them as clients, you know what to offer yours. Speaking with as many people in your field as possible will let you know just exactly what you are getting yourself into. Not only that, but you will be developing business relationships that will give you some leverage in your field as well.

Once you are approached with a joint venture opportunity or looking to approach a peer in your field with one, you must do some research on the indiviual(s). These will be people that you are trusting to represent your name so you need them to be good representatives. Alternatively, these are people that you are expecting to pay you after sales are being made so you need them to be honest, trustworthy, and reputable. Also understanding what their goals and aspirations for the product are will help you know how to market it better. Knowing what they want and what makes them tick will also allow you to make a joint venture proposal that they simply cannot refuse. You may be able to gain a partner who never thought about forming a joint venture before!

Research also allows you to have a valuable negotion tool. You cannot be lowballed if you know the average market value, and you could make a sweet enough deal for a marketer if you know what they are currently working for.

Once you have done your research and made a joint venture proposal to a team of well qualified individuals, you will be well on your way to success. As with quality products, a quality joint venture will always produce profits. Once you have had once successful joint venture, others will know and seek you out for another. This is where you gain business for life; through successful joint ventures.

Create_a_Joint_Venture_for_Your_Benefit

By Randy R on August 8, 2010 in JV

Create a Joint Venture for Your Benefit

If you are in online marketing, you are undoubtedly looking to make some commissions on product sales or promote your own service/product for full profits. So is every other millionth webmaster. What is to set you apart? One among many can often be daunting. It can cause many to stop before they even start. Joint ventures not only give you a support system to get through the rocky start, but also the foot in the door that you need to succeed.

A joint venture is much like a partnership where both parties play to the other’s strengths in order to reach an agreed upon goal. Whether it be to get your product to the masses, generate traffic, provide a service, or just merely promote a hype, the more experienced help you have on your side, the better. Some things to consider when starting a joint venture are the benefits that your partner or partners will bring to the table, the feasibility, and the credibility that another partner brings.

Many do not fully consider the joint venture option because they would rather much make money on their own. After all, if they do it themselves, they gain the sole profits, right? But what they forget is that quantity is key. Sure, you want a marketable and quality product, but if you are not selling in mass quantities, you are not making enough profit to make it worthwhile to continue. This is where joint ventures play a big role. If you get a small group of skilled marketers together and pay a higher commission than the affiliate markets, you can dominate in your niche in no time. Domination would equal more sales which would equal more money in your pocket in the long run. And to make the deal even sweeter, you do less work. How does that sound for genuis ideas?

You may be asking yourself why anyone would want to enter into a joint venture unless they are the ones that have a product or service to market. After all, why would I want to do someone else’s grunt work? Yet if you take a look at the commissions that affiliate sites like Revenue Universe or Commission Junction and compare them to the commissions that a potential partner would offer you, you will undoubtedly find that you will make more through a joint venture project. Think about it: company A pays affiliate site B a certain amount of money. Affiliate site B pays you a percentage of that. If you cut out affiliate site B, you are making more than just a percentage; you are making the full dollar!

Online marketing is a lucrative career of which many can make a living doing. Joint ventures allow you to set up a profit making campaign that will give you residual income for months and even years to come. The key to a successful joint venture project, of course is finding the right players.

Joint_Venture_Credibility

By Randy R on July 9, 2010 in JV

Joint Venture Credibility

You have the next big idea since Google. You are motivated and have the means to create and promote this idea but lack one thing: credibility. In the day where skepticism is the number one personality trait of e-visitors, it can be hard if not daunting to ‘sell’ your big idea. Everyone always wants proof without having to pay for it; better still, they want a review from someone they trust. Without credibility, you may as well be trying to sell a burger to a vegetarian.

Just as you would not trust your coworker with giving you legal advice or your dentist with selling you computer supplies, not everyone will be receptive to an internet freshman trying to sell them marketing materials and the like. Get a backing or testimonial from Shoemoney and you are sure to boost your credibility a hundred fold. Being as how that is not very likely, and not always pertinent to the field you are in, you should be looking for a joint venture partner who already has the connections and credibility to market your idea.

Products or ideas are not always sold based on their merit; often people are not readily willing to spend their money on something they have no guarantee of working. Sometimes it is the proper sales pitch, landing page, or testimonial that gives them the extra push they need. Joint ventures should be entered with this idea in mind; gathering a group of rookies will take just as long as if you had decided against a joint venture.

Building a rapport with your clients is something that develops over time. If you do not have the time to wait, getting someone who already has a developed rapport to join you in a joint venture would be the next best option. Not only is the legwork completed for you, but they possibly have the leads already lined up that you need as well. Everyone gets what they want then; you get the customer base, and your partner gets something worth offering to them while cashing in on a nice little commission.

Creating a joint venture is a prosperous activity. It is used by affiliate marketers accross the net to develop leads and credibility. Just as with any business or shop, you will want to build up some credibility in your community to allow for more sales, repeat business, and greater chance of word of mouth advertising. Supply in the e-commerce world is usually always higher than the demand so you need a good reason to motivate buyers to your product in particular. YOu know your product is better than the competition; do not let something as simple as little to no credibility slow you down. Enter a joint venture with a well known marketer in your field and be on your way to prosperity.

Joint_Venture_Profit

By Randy R on June 19, 2010 in JV

Joint Venture is one of the most powerful marketing strategies ever discovered and if you have not been able to capitalize on it, you are missing out on a lucrative business opportunity. You cannot enter into a joint venture if you do not know what one is or what the benefits are. You have to decide whether or not a joint venture is the means to the results you want.

A joint venture is merely an agreement in which two or more partners work together on a joint goal, project, or marketing idea. It could be short term or long term, but in the end the motivation of a joint venture is profit.

There are many benefits of a joint venture that need to be considered.

* Developing business relationships for life.

Creating a joint venture with other business give you the opportunity to build relationship with them, In the long run, when their business booms and they have a good market reputation, the first person they will be looking for partnership will be those they “trust”.

* Developing an online ‘resume’

If you are able to work with business bigger then yours, you are not only earning a huge personal profit but also gaining credibility as a reputed businessman. You are also gaining references or credentials to promote your credibility further.

* Economically efficient

If you are new to the scene you are promoting, you will undoubtedly need startup capital. This can be quite cumbersome if you do not have it. Joint ventures are partnerships where the costs are divided just as the profits are. You may even be able to enter into an agreement where you yourself do not have to front any cash to begin with. Since a joint venture is also free to start, you may end up saving a lot more forming one.

* Leads and potential customers

With more people to help you reach your target audiences, you can create a few pyramids of traffic and leads. Joint ventures help you not only reach new customers, but guaranteed opt-in leads that your partners may already have.

The benefits of a joint venture may be obvious and appealing, but you also must know how to go about creating one. An efficient and proficient team is just what you will need to be successful. You should be asking yourself what you want to achieve through a joint venture. You will also want to determine who you want in your team and what you have to offer them. After all, what is to make them join you if they are going to be doing all the work? Can you offer them something they cannot refuse?

Joint ventures are a goldmine and valuable asset to e-commerce. If you want to get a head start on any of your projects, they are the means you need. Just as with any other business agreement, take the time to establish what you want and need from a join venture and work it out.

Global_Joint_Ventures

By Randy R on June 18, 2010 in JV

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.

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