Firstly a joint venture is when two people work on a project together for a set period of time. This is a critical stage in the internet marketing strategy process
Joint ventures can help you in a number of ways such as beating your competition, saving time and money, increasing your profits, getting many referrals, and much more. The following are ten online joint venture ideas:
1. The basic joint venture would be exchanging text links or banners with other related web sites.
2. Sharing a website. Both parties will be marketing and advertising the same web site which means twice as much traffic.
3. Combine both products into one with another business into one big package. Then split the profit 50/50
4. Exchange testimonials or endorsements for each others products or services.
5. Offer your product as a free bonus to another businesses or product. In exchange ask for a small portion of the profits.
6. Offer to insert a promotional ad for another business into your product package. Just ask them in return to do the same for your business.
7. Get a business in a related business to make a promotional ebook. Give the book away as a free bonus with your ads included in it
8. Create a freeware program with another business. Include a promotional ad for each of your businesses in the program.
9. Trade e-zine or auto-responder ads with similar businesses
10. Host a seminar with another business. The endorse each others products.
Adapt some of these ideas to boost your sales. The key is to approach your joint venture in the right manner. Make your joint venture letter personal otherwise it could be viewed as spam and not read.
Sample Joint Venture Agreements
A joint venture is when two or more businesses join together
to work on a project for a set period of time. Doing online
joint ventures can increase your chances of beating your
competition, increasing your sales and profits, saving time
and money, getting valuable referrals, and increasing your
market share.
Plus:
-you can save money when businesses share operating costs
-you can get referrals from other businesses
-you can save valuable time when businesses share the workload
-you can offer your customers new products and services
-you can gain new business associates
-you can save money by sharing advertising and marketing costs
-you can get free advice and important information from other
businesses.
The following are ten online joint venture ideas:
1. A simple joint venture would be exchanging text links or
banners with other related web sites.
2. Share a web site with another business with the same target
market. You both will be marketing and advertising the same
web site which means double the traffic.
3. Exchange testimonials or endorsements for each other's
products or services.
4. Combine your products or services together with another
businesses into one big package. You could split the profits.
5. Do you have and product or service that doesn't sell well?
Offer it as a free bonus for another business's product or
service. In exchange ask for a small portion of the profits.
6. Offer to insert a promotional ad for another business into
your product package. Just ask them in return to do the
same for your business.
7. Trade e-zine or auto-responder ads with similar businesses.
8. Team up with related businesses to create a promotional
e-book to give away. Publish your web site ads in the e-book,
then just give it away for free.
9. Host a virtual trade show or seminar with another business.
Include each other's promotional material on the web site.
10. Create a freeware program with another business. Include a
promotional ad for each of your businesses in the program. Submit
the program to freeware and freebie sites.
You can find businesses to joint venture with online or
offline. I try to find businesses that have the same target
audience, but are not in direct competition with my business.
Here are a few ways to find joint ventures online:
-subscribe and participate in e-mail discussion groups, online
forums and newsgroups that deal with your target audience
-subscribe to e-zines that deal with your targeted audience
-note on your Web site or e-zine that you are interested in
doing joint ventures
-search in your favorite web directories and search engines to
find businesses to joint venture with online
Once you find a business simply e-mail them your proposal.
Tell the business owner the benefits of the joint venture.
Explain to him or her why it would be a win/win situation for
both of your businesses. Give them a lot of compliments about
their business, Web site, products and services. Using all three
methods above will greater your chance of constructing a
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Jonathan Colvile has sinced written about articles on various topics from Start Ups, Joint Venture and The Internet. Jonathan Colvile specialises in publishing information products that turn ordinary people into internet entrepreneurs overnight. His brand new course
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