When appealing to potential partners with large sites, always play to exclusivity in your pitch. Do not provide them a standard package that 30 other people will receive. If you want them to respond to your offer, they will need something completely unique that you will not provide to other site owners something they can't easily get somewhere else.
Before you look for good joint venture partners for a specific product, it is always a good idea to create a clean sales page with testimonials. You will want to get testimonials by giving away free copies of your product and asking for feedback (good or back). If you don't have a professional-looking, legitimate sales page, there's a good chance your potential partner wont think twice about rejecting your offer.
Consider outsourcing your joint venture work if you aren't an expert in your field. For instance, if you own a soccer site, but don't know a lot about soccer, you may want to hire a representative to talk on your behalf about a specific joint venture. You will want to spend the time to give appropriate and thorough instructions to the person acting on your behalf.
When appealing to potential partners with large sites, always play to exclusivity in your pitch. Do not provide them a standard package that 30 other people will receive. If you want them to respond to your offer, they will need something completely unique that you will not provide to other site owners something they can't easily get somewhere else.
So far, we've uncovered some interesting facts about joint ventures. You may decide that the following information is even more interesting.
Before you look for good joint venture partners for a specific product, it is always a good idea to create a clean sales page with testimonials. You will want to get testimonials by giving away free copies of your product and asking for feedback (good or back). If you don't have a professional looking, legitimate sales page, there's a good chance your potential partner wont think twice about rejecting your offer.
Consider outsourcing your joint venture work if you aren't an expert in your field. For instance, if you own a soccer site, but don't know a lot about soccer, you may want to hire a representative to talk on your behalf about a specific joint venture. You will want to spend the time to give appropriate and thorough instructions to the person acting on your behalf.
Setting up joint ventures with more experienced businesses owners can help you beat the learning curve, too. But networking with them and working out plans, you will learn how to create more successful business plans and to market more effectively in order to ensure that you bring always earn a return on your investment.
Create a members only area of your website. But rather than getting people to sign up for this members only area, instead contact other webmasters from related, but non-competing sites. Offer to let their site visitors have full access to a special members only area. If you provide significant benefits in this area, most webmasters will take you up on this offer.
Is there really any information about joint ventures that is nonessential? We all see things from different angles, so something relatively insignificant to one may be crucial to another.
Disadvantages Of Joint Ventures
Your business can benefit from a joint venture in several ways. First, a joint venture with a larger corporation can shorten your learning curve when it comes to developing new products and gathering the necessary market intelligence for strategic market expansion. A small business can also glean information regarding the implementation processes and procedures that will improve productivity. For more details go to www.joint-venture-softwares.com .Learning from companies who have already been around the block a time or two can save significant time and money for the small firm who is ready to grow and willing to listen to the expertise a larger company may bring to the table.
Next, a joint venture can be a source of additional resources and capital for you. Not only does partnering with a larger more established company enhance your credibility, but it can also open doors to resources and funding that were previously unavailable.
One small company, who successfully partnered with industry giants, was Mello Smello. An unknown husband and wife team partnered their unknown company with 3M and Disney to create scratch and sniff stickers of Disney characters. The end result was a multi-million dollar business. Why? Not only were there additional monetary resources, there were additional sales resources and distribution channels that would have taken years to develop if the husband and wife team would have chosen to go it on their own. By forming a joint venture, Mello Smello catapulted to the top.
Tapping into joint venture resources
One of the resources that should not be overlooked as a benefit of a joint venture is the additional marketing that is available. Whether you're a small business partnering with a large business or a small business partnering with another small business, chances are you will have the opportunity to promote your product or service to a database of customers that were previously untapped. For more details go to www.easy-jv-manager.com .All business is essentially broken down to the cost of obtaining a paying customer. By tapping into your venture partner's database, you dramatically shorten the customer solicitation cycle, which can translate to a huge savings in advertising and marketing.
Joint ventures don't all have to be multi-million dollar deals. A benefit to joint ventures between small businesses with similar or exactly the same products and services can be simply to help to free up much needed resources. For instance, say there's a tradeshow taking place in which you would like to participate, but the exhibit fee is a bit too much for you to handle. By forming a joint venture with another small business in a related field, or the same field, you both save money and expand your potential market.
Look to create a joint venture that offers benefits to both parties, and you are sure to reap the rewards.
Both Gaetane Ross & San007 are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Gaetane Ross has sinced written about articles on various topics from Lose Weight, Nutrition and Affiliate Programs. Gaetane has thoroughly researched the Internet to locate the best High Income Business Opportunities that will enable you to start making money from your own home.4i. Gaetane Ross's top article generates over 110000 views. Bookmark Gaetane Ross to your Favourites.
San007 has sinced written about articles on various topics from Joint Venture, Web Development. http://www.joint-venture-guide.comhttp://www.jointwebventures.com. San007's top article generates over 480 views. Bookmark San007 to your Favourites.
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