Catapult Your Marketing Success With Joint Ventures
By: Mike Law | Posted: 24th November 2005
Copyright 2005 Mike Law
There are many ways to make money on the internet. All methods however, come with a price-tag. For starters, you will probably need to purchase basic business software and relevant learning materials. Planning and developing your ideas will definitely require dedication and perseverance all along the way.
One of the best methods for getting started is to partner with other marketers so that you can reach larger target audiences.
These joint ventures or "JV's" can take-on many different forms. Some are as simple as promoting each other's newsletters, while others may be more complex partnerships with cross-promoting of complimentary products. Some JV's even involve starting entirely new projects from scratch.
Joint Ventures are a powerful tool for expanding business in many areas. So, what is stopping 'you' from using this technique to expand your business?
For many new marketers, starting a JV can be a frightening task, especially when it comes to contacting other marketers. Too often, many marketers appear to be "spamming," when they are really just seeking other JV partners. Here are some tips that may help you along the way:
1. Get to know your potential JV partners.
If you start emailing everyone on your list of potential partners, chances are you will be considered a common spammer. You won't get the partners you want, or even worse, may destroy your reputation in the process.
Instead, subscribe to your potential partner's newsletter and check out their websites and blog. Get to know them a little bit before approaching them with a proposal.
2. Go slowly when approaching potential partners.
Let's face it, everyone likes a little flattery. When contacting your potential JV partner, treat them like your "first date." Be courteous and complimentary. Tell them the things you like about their business. Join their newsletter and tell them you think it is awesome, and why. You will be surprised at how much attention you receive by using a little well placed flattery as you proceed to develop your relationships with potential JV partners.
3. Your financial estimates should always be realistic.
Don't promise what you can't deliver. Be honest with your potential partners. Explain your proposal and benefits in realistic terms, but don't hype. Be honest, open and sincere.
Getting a Joint Venture off the ground doesn't have to be scary if you start by following the three simple steps given above.
Get going and get growing today!
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Occupation: Managing Director
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Tags: marketers, starters, perseverance, scratch, ways to make money on the internet, joint ventures, dedication, target audiences, price tag, spammer, first date, business software, potential partners, new projects, complimentary products, jv partner, jv partners, learning materials, flattery