Pages
Stay In Touch
More
© 2010 Grab More Customers. All information copyrighted unless otherwise noted.
I just read a quick little ebook by David Allen Bullock.
Wow. Just wow. We all know it but many of us don’t realize we’re not living it.
No registration necessary (go down to the lower right side to the word HERE), and it’ll take you 10 minutes to read it.
You’ll be glad you did.
When you joint venture with another business, each of you contributes some kind of resource, whether it’s a mailing list, a product, staff expertise, or a service. Done properly, joint ventures benefit all partners involved and all customers involved.
For example, you might offer your product to another business to promote for a 65% commission. You’ll get just 35% per sale, but you benefit by doing little of the promotion work and getting customer leads you wouldn’t have had otherwise. You add them to your list and market to them in the future.
Your JV partner gets the lion’s share of the profits by offering a great product to his list. The buyers get your product and the ongoing benefit of your expertise through your marketing (which hopefully includes regular communication of some kind).
Joint ventures are a win for all parties involved (win-win-win). But we’ve barely scratched the surface of the many benefits you gain through JVs.
10 Reasons You Want and Need to Do Joint Ventures
1. You create and nurture relationships with new sectors of your target market and like-minded businesses.
2. There is little or no cost and zero risk. One email to the business you want to joint venture with can get you started.
3. You build your customer base and gain targeted leads for your list, giving you more people to market to later. There’s a well-known saying, “The gold is in the list”.
4. Joint ventures make it possible for you to compete (or work) with the big boys in your market. Once you get a few JVs under your belt, they’ll know who you are and that you’re a player. They may approach you to JV with them.
5. You get free or low-cost advertising and exposure.
6. You can quickly expand your business without risking capital or other resources.
7. Testimonials from your joint venture partners increase trust between you and your prospects, which will improve your sales conversion rates. You also gain the trust of future JV partners, creating a nice little profit cycle.
8. The amount you can make is limited only by your imagination. If you are a marketing specialist, you can work with anyone from auto repair shops to zoos in places from Australia to Wyoming. It’s up to you.
9. You can create recurring streams of income from work you do once. If you have a deal with a plumber to pay you a commission for every job you refer to him and you’re a carpenter, there’s a good chance you will run into clients on a regular basis who need plumbing work.
10. I’ve saved the best for last…
Joint ventures are scalable. If you work with a chiropractor in Denver, you can either promote more products or services through her, or you can set up the same JV with other chiropractors in the Rocky Mountain region. Or you can introduce her to someone who has a product her clients would enjoy and take a commission as the JV broker. Or all three. Again, your only limit is your creativity.
What types of JVs make sense for your business?
If you are in need of a website, I can line you up with a JV right now.
JV Web Partners offers a website that you create and fully control, domain, hosting, email addresses, and plenty of space for less than $20 a month. You can refer others and make money each month, making your website free!
