If you’re looking for the advantages and disadvantages of joint ventures, then this article is for you. Inside of this article, we will take a look at the advantages and disadvantages of joint ventures and what they mean to you as a business owner. Let’s first take a look at the advantages.
- Instant access to a list
With joint ventures, you get immediate access to someone’s customer database. Depending on how large it is, you can really make a nice earning off of one mailing to this list. Plus, you get to make sales for free that weren’t otherwise possible for you. Joint ventures allow you to instantly get your message out to a list of people that have a similar interest into what you’re selling. Here’s another advantage.
- No product to create
With joint ventures, you don’t have to create any product. If you’re someone with the list and you’re seeking out a partner with a product that you think will be hot, then this means good news for you. You don’t have to create any products and you get to earn instant commissions just from plugging someone else’s product to your list.
- In business instantly
By starting a joint venture, you get into business instantly. Some business are known to be launched via the power of joint ventures and this is what it offers you. It doesn’t matter if you don’t have a list, a product to create, or even a sales letter - you can find all of these with the right joint venture opportunity. Let’s take a look at the disadvantages.
- You have to pay out a large percentage
Depending on your product price, you may not earn alot of money on each sale to a customer. You will have to pay out a large percentage to your partner and this may hinder your ability to earn alot of money from your efforts. Let’s take a look at another disadvantage.
- You have to do the tracking
If you’re new to joint venture marketing and you don’t have the software to track sales, then you will need to get one. Luckily, there are services such as Clickbank and Paydotcom that you can use to track your statistics. Tracking can be a hassle, but with these services, you can simplify the process.
These advantages and disadvantages of joint ventures need to be considered before you go out and start seeking out joint venture partners. It’s in your best interest to consider these pros and cons and weigh them out accordingly. Joint ventures can be very profitable for you if you know what you are doing, so it’s in your best interest to learn as much as you can about it.
Good luck with having joint venture marketing success and seeking out joint venture partners.
ABOUT THE AUTHOR: Randall Magwood is one of the most respected and highly-regarded online marketing experts on the internet. He has a website about internet marketing that helps small business owners learn how to market their business online simply and easily. To learn more, visit his website here: http://www.internetmarketing-rules.com