“11 Tips for Joint Ventures”

Jul 17
19:17

2007

Matt Bacak

Matt Bacak

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Do you know the components of a win-win joint venture? Read on to find 11 tips to creating successful joint ventures.

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Law of Attraction vs. The Law of Action – Which is more important?

Both laws are important.  Every morning you should focus on what your goals are and then take action.

One major action you can take is to set up joint ventures.  There are a few things to keep in mind when you engage in joint ventures.

Joint Venture Tip #1:  Make sure that if you give an interview for a joint venture that you are allowed to promote your product.  Usually your joint venture partner will ask you if you want to promote your product.  If they don’t then tell them that you want to. 

Joint Venture Tip #2:  Do a massive joint venture.  If you want to get a list,“11 Tips for Joint Ventures” Articles money, and a product then you need the help of others.  Reach and reel in as many people as you can.  Remember, you can sell other people’s products and/or use other people’s lists.

Joint Venture Tip #3:  Keep your website simple.  Just have a squeeze page and a thank you page.  At the end of the day, all you need to do is to capture people’s name & address.  Then make money on the thank you page.  Explain to your joint venture that your simple website structure will benefit you both with increased sales.

Joint Venture Tip #4:  Create a product.  For example, record your phone teleseminar, transcribe it and then sell it as an eBook.

Joint Venture Tip #5:  Marketing comes first.  One of the most important things to focus on is the offer.  What are you offering?  Why are you offering it?  Then create the actual product.

Joint Venture Tip #6:  Have joint ventures that have instant reciprocity.  An example is to run a contest to attract people into your joint venture.  If the joint venture partners can win the contest and earn cash then they will be more likely to want to create a joint venture with you.

Joint Venture Tip #7:  Relationship building.  Make sure that you network and build a relationship with your list.  You can make more money if you have a deeper relationship with a smaller list than a detached relationship with a huge list.

Joint Venture Tip #8:  Masterminding, networking, and mentoring.  You need to seek out mentors to help you out. 

Joint Venture Tip #9:  You have to take action.  You can get all the best information in the world, but you have to take action on it to see a difference.

Joint Venture Tip #10:  Find your calling.

Ask yourself these questions:

What are you deeply passionate about? 

What drives you economically? 

What can you be best in the world at?

Joint Venture Tip #11:  You need to take massive focused action.  Decide on your goals.  Set a date that is 4-6 weeks from today.  This date will be when your product should be launched.  Make sure to tell people about your date so that you are accountable.

Use these 11 tips to get started on joint ventures right now.  What are you waiting for?