Joint Ventures For Building Your Business

This is an exiting subject to cover, since joint ventures can do so much for your business. Let us first begin by what joint ventures are really known and why they are so much wanted by all kinds of business; this way you will soon realize why it is in your best interest to do joint ventures for building your business. 

Think of joint ventures as a form of temporary partnership, or an agreement with someone to cross promote something. They can also be long term associations too, which have both parties sharing expenses, business aims, revenues etc. What happens when joint ventures are drawn up, is that the interests of both parties are well established and agreed upon before hand. 

And also what follows is that revenues generally explode, especially when the qualities of both parties complement each other, or escalate because each party helps overcome any weaknesses that the other party might have. When a JV is based on these principles of true cooperation, about equal inputs and interests, it normally succeeds and goes on to be very profitable for both parties.

If you have a project about some business program that you are creating, and you find that you need help in areas that you lack somewhat, you would benefit greatly from going into a JV with somebody who excels in those areas, a person who can complement your good qualities. Your approach to this person must be one of giving, giving and more offering, explaining clearly in detail what is in it for them and stating at the same time what or how they can benefit you when they join you to form a JV. 

It is not a good idea going to somebody asking mainly what they can do for you, how they can help you, or worse still, why and how they should help you. This approach is not to be taken, never do that. You are not showing a position of strength when you beg so, instead go and approach your prospect by giving them ideas, gifts, recommendations and explanations of how they would benefit when they join you in a partnership for your project and for their own business as well.

Explain to them how they are going to benefit, how much they are going to make when they join you. Show and explain to them that you know how valuable their strengths are, and how your strengths complement theirs for your mutual benefit and from this stand point, you are bound to form the desired Joint Venture. This way both your businesses can prosper, compounding the results and thus increasing revenues. 

Very often, not only you promote each other’s programs and goods, but you can go on to promoting a co-authored marketing project or creating a teaching series of video self promotion or for advertising purposes. The sky is the limit as to the number of things you can achieve by doing JVs.

Other times you might consider offering your prospective JV partner, excellent commissions when he agrees to promote with you. You already, most probably know their list size, and when theirs is in size similar to yours, the escalation of results can really soar. In this case, the Joint Venture can really be very successful.

Ideally, when approaching a new person with whom to go into a Joint Venture, the best thing to do is to have everything mapped out in detail. What they are going to make, how often they will get paid, what they have to do, what you have to do, which programs you are going to promote, which projects you are going to create. The list sizes you are going to use. 

I think you follow this point, which indicates the clarity of what is in this Joint Venture for you both, in a 100% detailed manner. Approach your future Joint Ventures in this way and you’ll go on to escalate your online marketing to new heights. 

G Calvo.