Tag Archives | Joint Venture Partners

Free_Marketing_With_Joint_Ventures

By Randy R on August 3, 2010 in JV

Free Marketing With Joint Ventures

Nothing in life is free, right? Wrong. Of course there are always sacrifices or debts that need to be paid to get what you want for free, but you can get free things. Now you must be wondering how something can be free if you have to pay for it, but what you are not thinking about is what you really do not have.

If you go and make a sale a day and gain $100 per sale, you are making $100 a day. You pay no expenses so at the end of the day, your profits are $100. If this is guaranteed, and you know you cannot make more, then that is fine. But what if you enter into a joint venture agreement with two other marketers who can only make a sale a day as well. You agree to pay them 40% on each sale so they will be making $40 a day. You still make your regular one sale a day at $100, but now you have expenses to pay: your joint venture partners. The two have made one sale apiece and as per your agreement are owed $40 apiece, making your expenses for the day $80. So now you are wondering where the free part comes in, right? Well sure, you could pay them the $80 from the sale you made that day, but why not keep what already was profit as profit? Pay them from the sales that they made instead. Now that you have done that, you still have the $100 you made and would have made anyways without your joint venture partners, but you now have an additional $60 per sale that they made: $120. This is money that you would not have had without the joint venture agreement. Essentially, this is free money.

What about how the sales are made? In order for your joint venture affiliates to make a sale, they have to first market the product to potential clients, right? And what does this do for you? Generates not only free marketing, but free traffic! You do not even have to pay extra for this as this is something that is just inherent in a joint venture agreement such as this! The best part of that is that if the sale does not convert right away, you have the potential of gaining a sale on your own off the efforts of your joint venture partners.

Obviously the business model is not as simple as represented here, but it could be for some. Joint ventures not only bring in free marketing, free money, and free leads, they give you more free time! Who else would not love to not have to come straight home from work and get online to generate leads for their product? It would be great to have someone doing the work for you. The added benefit that joint venture partner has over a regular employee is that you only have to pay a productive partner whereas an employee you would have to pay no matter how productive he is or is not! It is a winning understanding for all involved. Your partners get paid for their efforts, you get paid for doing nothing, and your product gets into the hands of clients that really needed it.

Joint_Venture_Development

By Randy R on July 4, 2010 in JV

Joint Venture Development

A joint venture agreement is not one that should be entered into lightly. It should be treated with as much respect and dedication as the product or service you are offering. No one wants to fail or have to clean up the mess that poor planning can create. Joint venture development is something that does not happen over night. Or rather, should not.

A business plan should be made before seeking out joint venture partners. After all, how will you know what to look for in a partner if you do not know what you need from that partner? The goals and the needs of the group need to be clearly outlined to assure that everyone is well aware of what is expected of them to get the job completed.

A written agreement should be made so that there is a clear reference point for all involved to look back to or to keep everyone on the right track during the joint venture process. Knowing who should pay for what, who should do what, and what exactly the group is trying to achieve can help in any confusions later on. Also knowing the ultimate goal will allow for a clean break when the end of the joint venture is near.

It is highly probable that a joint venture project will lead into some gray areas in the way of client bases, email lists, and profit sharing so being able to combat these issues early on will be favorable to your team success. Joint venture development deals with more than the make up of the team, but also in how well you can overcome hurdles. Clearly establish who owns what rights as well as what rights will be given at the completion of the project. Once the joint venture is complete or disbanded, you want to be able to know who takes what with them and when.

Marketing is not everyone’s strong point so joint ventures can aide in getting your product or idea out to others. Developing a strong team of individuals that are proficient in your niche is the best way to go about a joint venture development. Finding people that have a good reputation and are trustworthy will ensure the success of the venture as well.

Everyone wants to succeed in their business ventures. It is the approach that is often different from one campaign to the next. Joint ventures promote the idea of teamwork, more heads being better than one, and profit motivation to be successful. As joint ventures can mean the difference between converting leads and cold calls, proper joint venture development is key to internet success.

Joint_Venture_Marketing_Skills

By Randy R on June 29, 2010 in JV

Joint Venture is the easy money making way of capitalizing on the strengths of a group of partners. A quick and reliable way for your business to complete certain objectives with lucrative benefits to all the business undertaking joint venture. Joint venture marketing may also prove to be more lucrative than affiliate marketing

Joint venture marketing usually means an increase in web visibility, increased market growth, more customers, and incredible profits with high sales. For the users or customers you are targeting, the benefits may include a lot of saving in time and money plus getting added values from the business. All these factors make Joint Venture a successful business strategy.

The first and foremost quality of good businessmen is his ability to formulate good client relationships, which can ensure the long lasting trusting business relation. People buy products and services from reliable source which they can trust and which have proven to be of great use to them. Being accessible to the clients can help you in developing a good rapport with your clients. A loyal client base is key to a successful business so if you can enter into a joint venture agreement with someone who is well versed in maintaining client relationships, you will be doing your business a huge favor.

Secondly with market booming with new products and services every moment, there is a high need for creativity in your promotion. As every product you launch should be different, so too will it need a different marketing strategy. Finding a new set of joint venture partners for each product will help in this aspect. Clients do not prefer monotonous work; a change in your approach will even help you increase your clients. The ability to apply new ideas, which are not only informative, but interesting to a client at the core is the most sought after trait in good business deals.

Being resilient in your business gives you an extra edge. Any product launch needs a lot of patience matched with the skills. It may be frustrating explaining your plans again and again but look at the long-term benefits; it’ll show your clients and partners, you have positive confidence on your product. Results need time and as a businessman you should have the ability to wait for them calmly.

Lastly the most important skill that will sail you through all your deals is your ability to effectively negotiate and communication. This is effective in determining that both of the parties have an “all-profit” condition on the project. As profits are a huge motivator in any joint venture project, your potential partners will want to be sold on this idea early. So excellent communication skills are needed so that the businessman is able to communicate his goals in a precise manner.

Joint_Venture_Partners_Vs_Affiliates

By Randy R on June 24, 2010 in JV

There is some debate going on over the idea that joint venturers are different from affiliates. In all actuality, the differences are minimal; it is merely the opinions of those involved in the debate that differ. Let’s take a good look on both of the perspectives.

Joint venture partners are basically the “Big Players” in your niche who you can really leverage to boost your business confidence. A common goal is what two companies look forward to when they sign up on a joint venture. There are only two types of joint ventures, and your choice has to be one of these.

Firstly is the “Co-ownership” of business, a type in which your joint partner and you are actual partners, that is you build the project, website, marketing and other aspects related to your companies and you both jointly run. This is considered to be the most powerful business strategy but you have to be extra-cautious while deciding whom you choose to work with otherwise you will have a major drawback in your business and a failed venture will be the end product.

However if done with the proper precaution measures and vigilance, you can be among the emerging best companies in the world making a huge market gain. Most of the globally famous companies are the result of multiple joint ventures. So it must have given you a hint, that the sky is the limit for people with clear objective and marketing skills.

Second kind is the “Promotion” only kind of business, an incredible form of joint venture in the Internet Marketing Arena. Its popularity is increasing day by day. In this venture, you are landing hundreds of joint venture partners who will promote your product or website on a certain fixed date, you will get a big sales day and completely dominate your industry! Making great sales in a single day is the aim of this kind of venture. Top marketers are convinced that if their website and products are launches on a certain date, there is a high built-up hype which helps in increased product sales that indeed gives a lucrative business.

Now coming back to the main point of the discussion we’ll discuss Joint Venture Affiliates. They can be anyone who wants to promote your products and services to make some extra capital. Sounds similar to Promotion kind joint venture, isn’t it?

There’s not much difference between a partner and affiliate but the partners give a huge margin of profit and reliability. So if you are going for a future program and not quick money making schemes, I’d suggest you to choose Joint Venture Partner.

To make it short, Joint venture partners can be considered as affiliates on steroids. If you want to bring a successful joint venture partner on your team, you will want to offer them a higher cut in the deal than an affiliate. But as you do not have to deal with the middle man as with in affiliate marketing, you can do so with ease.

In conclusion, as a business associate, both affiliates and partners may be beneficial to your joint venture but your focus is better off spent on joint venture partners as they will promote your business and will help exponentially to build it giving you a huge satisfaction.

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