About Joint Venture & internet Marketing!
Dated-10 Mar 2013
That You’ll Lose Your Clients. Your clients will purchase other products and services whether you like it or not. So, it would do your business good to recommend what they purchase and make a profit from it. In fact, recommending high-quality products and services to your clients will strengthen your relationship with them. How? Firstly, you’re shortening their decision-making process by saving them the time they’ll otherwise spend on finding and trying out those products and services. Secondly, by arranging exclusive discounts and bonuses, you’re saving them money. By saving them time and money, you’re adding value to what you already offer your clients, and this will therefore strengthen your client relationships. Those Doing Joint Ventures Will Eat Your Profits Most small business owners would rather struggle to get clients, and get mediocre profits at best, instead of sharing the profits with a joint venture partner that sends clients their way. They don’t realize that joint venturing actually eliminates the risk of wasting money. For example, when you pay for an advert, you have no clue whether it will generate responses or not. So, you’ll lose money if the ad fails. With a joint venture, you only pay for results. So, giving a percentage of your profits away has got to be better than flushing the money down the drain… because that’s what happens when you spend $300 on an ad that doesn’t generate or go to www.easy-jv-manager.com
That Joint Ventures Are Complicated Of course there are complicated joint ventures, but there are so many simple and short-term joint ventures that a beginner can start with. It only starts getting complicated when you’re looking at joint ventures like the one between Merrill Lynch and HSBC a few years ago. The two banks combined logos and actually had a service called Merrill Lynch HSBC, which had a building on Regents Street in London. That might have been profitable for Merrill Lynch and HSBC, but you don’t have to do that if you don’t have the tools or resources. Any small business owner can do joint ventures that are a lot simpler. For example, you could host a seminar with your partner and both promote it to your client lists. You’ll both walk away with more clients and huge profits. Joint Ventures Require A Lot Of Time And Effort. Of course time and effort go into the preparation. However, joint venture marketing is one of the very few strategies that don’t take much effort or time to implement. If you’re joint venturing with people that are in your network or people that can be introduced to you by someone in your network, then the relationship-building process is shortened. This is because you and your joint venture partner already know, like and trust each other, or you have a mutual friend that introduced you to each other. For this reason, it can take as little as thirty days to execute your first joint venture. On the other hand, if you’re approaching a joint venture partner that is a cold contact, the time you’re looking at is the relationship-building time. If you have great networking skills then you should be on your way in a few weeks or a few short months. It simply boils down to evaluating each other’s character and business.
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