Surefire Strategies for Successful Joint Ventures
Business → Marketing & Advertising
- Author Shainne Fox
- Published January 19, 2011
- Word count 576
Starting up your business but don’t know where to market first? Finding hard to look for interested buyers for your products? Then you might consider involving in joint ventures. I admit that it’s really quite hard to start it off all by yourself especially that there’s already a couple of successful marketers who are competing in the field of affiliate marketing on the web. It feels like you’re racing but you’re a little bit late to catch them up—I guess you get my point. But don’t feel frustrated about it, I know a strategy that will help you catch up with the race and this is through JV.
JV (Joint venture) has been around since the sprouting up of the businesses. It is an agreement between two people or business companies to be partners for promoting a particular product, sharing the sales and benefits based on the percentage share agreement. This partnership isn’t permanent though, there’s a particular time to end it. By this time, you need to show your best since future partnerships can be possible and the company may receive you with open arms.
Here are the best strategies you can use in successfully having a Business Partner (Joint venture) to sell your products.
• Search for a Reputable Business Partner—not all business on the web has been receiving positive feedbacks and you need to be aware who to share your business with for your own sake and for the business itself. Be wise in your selections—search for the one who is well-established, loved by many, and known for being genuine in their products.
• Balance Mutual Benefits—in your way to creating a partnership, the both of you will agree on how much both of you will receive. There are actually many options but the most ideal is 50-50, by which 50% will go both to your partner and to you whenever a sale has been done.
• Never Trust easily but be open for possibilities—it’s hard to trust especially that the internet is the breeding place for scammers. Before you decide to make partnership to a certain company, always research their background, feedbacks about them. But this should not be your reason to stop searching for a business partner. Keep on searching and soon you’ll be able to find the one who will definitely help you until you reach your success.
• Be Persistent—I knew of someone who is now very popular of being a successful affiliate marketer. She once had an eBook talking about helpful tips and decided to have a joint venture since she can’t promote it all by herself. Her persistence in looking for companies to create partnership with each and every day made her very successful. And since not everyone will accept her especially that she has a new name, she invited many of them. While some may reject, there’s a backup and this keeps her rise above the rest.
Joint Ventures should always follow the principle of the Golden Rule, "do unto others what you want others to do unto you" and this keeps the JV alive up to this day. The benefits are mutual and as the company helps you rise, you are also helping them grow their own business. Make partnerships as much as you want but never forget that you need to maintain the relationship intact and healthy as much as possible.
Joint Venture makes building your organization much easier. You use the resources of another established marketer or advertiser to promote your message to their members with an incentive for them.
Check out more helpful strategies that will guide you in Joint Venture.
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