3 Tips When Contacting Potential Joint Venture Partners
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Joint ventures (or JV's) can come in a variety of forms, and online you see this in everywhere you look. But many new businesses have problems finding joint venture partners, simply because they have no credibility behind their name. If you’re having this problem, then you should know that finding partners is an easy thing to do, you just have to look in the right places.
You can join forums and network with people who are in your target market, and advertise that you’re looking for a partner in your signature lines. You can also use the search engines and web directories to find businesses who are similar to yours, and send out a simple JV email requesting a partnership.
You never want to spam your joint venture request all over the place since this is a great way to get your message ignored. There are ways to market yourself that is both natural and effective. Here are some of these tips below:
1) Know a little about a potential partner
You always want to know a little something about a potential partner before attempting to strike a deal with them. And you should know more than the fact that they sell products that are similar to yours.
Subscribe to their email newsletter and gain a feel of your potential partner. You never want to spam someone with your message because this is the fastest way to get ignored. Your reputation will be put on the line also.
Read the content on their website and blog. You will want to include a little information about some of their content so that they can see that you actually know a little about them.
2) Take your time
You want to be as patient as possible when approaching your joint venture partners. Leave comments on their blog posts and website entries. Flatter them and be courteous when contacting them also. This is awesome for them establishing a relationship with you, and they will have more of a receptive ear when you approach them for a joint venture opportunity.
3) Make your offer good
When approaching a potential partner, you don’t want to offer them a so-so product and an average commission rate. If you currently have an affiliate program and the commission rate for it is 50%, then consider offering your joint venture partner 65-75%. They will research you before they make their final decision, so it’s good to put your best foot forward, so that you can put yourself in the best position as possible.
Always remember to be honest and make sure that your product is stellar. You want to have a good tracking system in place as your partners will want to be able to track their statistics.
Joint ventures are a great way to launch your business and establish yourself as a force in the marketplace. It will help to increase your sales and profits, along with your customer base if you do it right. Good luck on your joint venture quest, and be sure to implement the tips inside of this article.
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
You can join forums and network with people who are in your target market, and advertise that you’re looking for a partner in your signature lines. You can also use the search engines and web directories to find businesses who are similar to yours, and send out a simple JV email requesting a partnership.
You never want to spam your joint venture request all over the place since this is a great way to get your message ignored. There are ways to market yourself that is both natural and effective. Here are some of these tips below:
1) Know a little about a potential partner
You always want to know a little something about a potential partner before attempting to strike a deal with them. And you should know more than the fact that they sell products that are similar to yours.
Subscribe to their email newsletter and gain a feel of your potential partner. You never want to spam someone with your message because this is the fastest way to get ignored. Your reputation will be put on the line also.
Read the content on their website and blog. You will want to include a little information about some of their content so that they can see that you actually know a little about them.
2) Take your time
You want to be as patient as possible when approaching your joint venture partners. Leave comments on their blog posts and website entries. Flatter them and be courteous when contacting them also. This is awesome for them establishing a relationship with you, and they will have more of a receptive ear when you approach them for a joint venture opportunity.
3) Make your offer good
When approaching a potential partner, you don’t want to offer them a so-so product and an average commission rate. If you currently have an affiliate program and the commission rate for it is 50%, then consider offering your joint venture partner 65-75%. They will research you before they make their final decision, so it’s good to put your best foot forward, so that you can put yourself in the best position as possible.
Always remember to be honest and make sure that your product is stellar. You want to have a good tracking system in place as your partners will want to be able to track their statistics.
Joint ventures are a great way to launch your business and establish yourself as a force in the marketplace. It will help to increase your sales and profits, along with your customer base if you do it right. Good luck on your joint venture quest, and be sure to implement the tips inside of this article.
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