What is Joint Venture? A joint venture, or abbreviated as JV and sometimes called joint adventure, is a tactical union flanked by two or more parties to embark on a financial activity together. This alliance agrees to create a new entity together by both contributing equity and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture. Organizations can also form joint ventures, for example, a child welfare organization in the Midwest initiated a joint venture whose mission is to develop and service client tracking software for human service organizations. The five partners all sit on the joint venture corporation's board, and together have been able to provide the community with a much-needed resource. Joint ventures are more common in the oil and gas industry, and often are dealt within corporations on the national and local levels. A joint venture I always seen as something good in this kind of business industry and a very good alternative in this sector as local companies can complement their skills and technology sets while it offers the foreign company a geographical presence. As there are good business and accounting reasons to create a joint venture (JV) with a company that has complementary capabilities and resources, such as distribution channels, technology, or finance, joint ventures are becoming an increasingly common way for companies to form strategic alliances. There are so many reasons why companies form joint venture, listed below are some of them. One of the most common internal reasons why most companies join joint ventures is the spreading of cost and risks, sometimes companies who are into new projects looks for another company who is willing to undertake the same project with them. This way, companies are able to spread out the cost and the risk of failing. Joint venture is also a good way to improve financial access or resources, like for example your company can make a deal with non-profit organizations who can be exempted from taxes, so that your project will have lesser cost and much more financial gaining. You can also be partners with bank or other companies that has a much higher earning than your company. Economic scale is also one good advantage of having a joint venture, when you have a small company but have a very broad idea or have something new that will surely attract large mass of sales, and your company cannot afford to stabilize such project you can go for some company who are larger when it comes to economic scale. Being partners with other company and joining in a joint venture also give you access to new technologies and customers. It also gives you the much coveted access to innovative managerial practices. Joining joint ventures can also influence structural evolution of the industry. It is also a good way or pre-empting competition, like if you have a competitor and you on the same financial field and he has good strategies that work as well as your, forming a good joint venture with this company can boom into a much bigger company, meaning bigger sales and more money. Joint venture is also a good response to blurring industry boundaries. Joining two companies can also lead to a creation of stronger competitive units. Joint venture can speed up market and improve agility of the company when it comes to business terms. When a creation company like what other companies are doing an would like to adopt it on a much more legal way, joint venture is good thing to do. Joint ventures help transfer technology of one company to the other. If your company would also like to transfer skills from other companies you can also look into joint ventures. Diversification is also a great reason why some company goes into joint ventures, this helps them stabilize their company growth and also make them available to different forms and types of business industry. Other countries may require foreign companies to form a joint venture with their local firms in order to enter a certain market. This requirement often forces technology transfer and managerial control to the domestic partner of the joint venture. Joint Venture 101 A profitable joint venture can mean a good amount of fortunes in a short period of time; it can bring your products and services to the right market without spending a cent of your own money. It can mean free media attention and everything else that has something to do with sales and marketing. All of these things translate into more sales. More free time and more of everything that is good. In simple terms joint venture simply means that two or more business people or company partnering up to create a win-win situation for all the parties involved. Joint venture can be quite tricky for beginners, but once you get to know the knack to follow joint venture rules, you can be on your way to building your empire out of thin air. Dealing with joint venture you can be into one of these positions: IF you have your own products, then joint venture with list owners is what you have. In this nature of business you should be extra careful because most of the members of the list want to do business only if your product is new and have a proven value for their customers. One great advantage of having a list owner is that most people in this side of the industry real knows what they are doing and were created for different categories. There are many list owners on the business today, you can use many of this links to leverage their customer assets and split the profit with the owner. One important thing to remember is to never to a joint venture with list owners that does not match with your product or services. If you have your own customers list, joint venturing with other product development owners will be the one for you. Basically this type of joint venture, can give you a much higher income than your partner and you do not have to develop your own product or services. All you need to know are those products or services which best suits your customers needs. Let me advice you to use a software program, because doing this with your bare hands can take some time. If you have no product or even no customer list, you can still go into joint venture; you can become a deal maker. Yes without even any money you can start your own business. What you have to do is to look for the right product and the right list of customers. This way you will charge a percent from both sides for years to come. Have the knowledge to make money online and you too can also do joint ventures. Perhaps one of the most neglected Joint Venturing method because it requires a lot of your time for research, but finally you'll end-up charging 50% of all direct sales, which by the way, it is a fair amount for your work. Connect to the Internet and search for great products that have very poor advertising. Identify one product or service, look at their web site, sales letter, order forms, web design and many other things you can improve. The problem with Joint Venturing is to work smart not hard! At this point, you probably wonder if it's as simple as I told you. Yes, it is that simple! Never forget that simple ideas can generate better solutions for your problems. Joint Venturing creates tremendous benefits for both parties, without any initial investments. People are eager to buy from someone who trust and know! Please read this carefully and more than once. Do it again and again until you'll understand that a Joint Venturing it's not possible without this rule. People are eager to buy from someone who trust and know! The most valuable assets you have in your business are the relationships you have built with your customers. The money is in the list! The money is in the backend sale. Don't you ever forget this! No matter what kind of business you run, definitely an educated list of customers represents your best asset. Without a list you cannot survive in these days. The key to succeed is to constantly enlarge your list of prospects/ customers a nd to offer them the right product, at the right time, with the right price. All About Joint Ventures A joint venture is a contractual arrangement by two or more parties that undertakes an economic activity that is subject to joint control. The following are three types: * Jointly controlled operations * Jointly controlled assets * Jointly controlled entities Joint control exists only when the strategic and operating decisions relating to the economic activity require the unanimous consent of all parties sharing control. A venturer recognizes its interest in a jointly controlled operation by recognizing in its financial statements the assets that it controls, the liabilities and expenses that it incurs, and its share of the income that it earns from the sale of goods or services by the joint venture. A venturer recognizes its interest in jointly controlled assets on a proportional basis. It also recognizes any liabilities or expenses it incurs, its share of liabilities or expenses incurred jointly, and any income from the sale or use of its share of the output of the joint venture. Since joint ventures are partnerships, businesses can join together to work on a project for a ser period of time. Having joint ventures with other businesses can increase your chances of beating your competition, increase sales and increase your profits quickly. Joint venture also allows you to save money when businesses share operating costs. This means that all the partners, including you, will share costs for maintaining the website, advertising and other expenses but you will save money because you are not the only one spending for it. By being a partner, your joint venture partners can give you referrals from their clients. This can really increase your profit and sales. It can also increase your reputation and more people will buy from you. In turn, you will also have to refer your partner's website. It is a give and take relationship. Since all joint ventures partners share the workload, you can save valuable time and money for your ongoing projects. This means that you have more time for yourself and also, you will not be working alone. It also creates a sense of teamwork and dedication. By doing joint ventures with other businesses, you can have a lot of information from other businesses and also, get those information for free from experts. Joint ventures also allow you to subscribe in discussion groups, online forums, and newsgroups that deal with your target audience. This is great if you want to increase your targeted traffic, and also increases your reputation and credibility. By participating, you also create a long permanent relationship with your clients and partners. To find joint ventures, try to do this by typing in keywords that matches the product you are selling, or at least related to it. Once the search engine has finished searching, find a potential joint venture partner to present the proposal to. If it doesn't work out, click on another link of website given by the search engine results on the first two pages. Another way to find joint ventures is through forums, discussion boards, and newsletters. There are many companies that offer websites with discussion boards. Try to find the contact details and try to contact them. Present your joint venture proposal to your potential partner. The last thing you have to do to find a potential joint venture partner is through writing an article. Write an article about your products and include in your resource box the complete information regarding your business and also state that you are looking for joint venture partners. This would make website owners to seek you out and propose a joint venture partnership to you, instead of the other way around. To make your partnership work, your business should have a common goal, you can figure this out in their website. Look at their goals and objectives. Another way to make a joint venture work is through writing each other testimonials. Not only that it is a great marketing strategy but also creates a more personal relationship between your business and theirs. Always create projects together, this way you can enhance your business's professional relationship. This can lead to a stronger joint venture partnership. These are just some of the ideas you should consider when you want to do a joint ventures with other companies. are just some of the ideas you should consider when you want to do a joint ventures with other companies. Why Joint Ventures? As there are numerous good reasons both business wise and financial, to create a joint venture with a company that has a great complementary capabilities and resources, such as distribution channels, new technologies or finance, joint ventures are becoming an increasingly popular way for different companies to build strategic alliances. In a Joint venture, two or more parent companies agrees to share capital, technology, human resources, risks and rewards in a formation of a new entity under shared managerial power. But before going into a joint venture, you should consider something first. We have gathered some information on what are the most important things to think about before going into a joint venture, here is the list: Before going into a joint venture, be sure to first screen prospective partners. Make sure that you are on the same level of the industry. Also make a joint development of a detailed business plan and short listing a set of prospective partners based on their contribution to the development of the plans. Check the credentials of the other party by doing interviews and research. Check their previous business and also the sales that they are getting. You may also want to check customer feedback regarding their services. You should also develop an exit strategy and terms of dissolution of the joint venture in case things would go wrong. You should also try to think of the most appropriate structure for you joint ventures, for example most joint ventures involving fast growing companies are structured as strategic corporate partnership. You should also take notice of the availability of appreciated or depreciated property being contributed to the joint venture; by misunderstanding the significance of appreciated property, companies can weaken the economics of the deal for themselves and their parties You should also point out the different special allocations of income, gain, loss or deduction to be made among the partners and so with the compensation to the members that provide services. You should also take note of the role of your business architect, this is a person that initiates new business ventures or leads business innovations, designs a winning business model and builds sustainable balanced business system for a lasting success. Business architects can be found in multitude of business settings, be it in corporate change leaders, initiator of joint venture, and managers of different and radical company settings. Human resources also plays a special role in joint ventures, here are some thing that a human resource should look into to get good business ventures. The business strategy should begin with a sound, well articulated strategy. Before going into the first step, determine first and explain why you wish to enter into a joint venture, why you have chosen such partner or partners, and what the goal of the company is. You should put into word the involvement of the parent companies and define how long will the joint ventures last. You should also describe strategies to define the managerial, accountability, decision-making process and conflict resolution procedures. Develop Human Resource strategies that align and support the goals of the JV. You should develop a distinct identity and culture for the newly form company. Communicate energetically to the employees and establish a distinct career goal, management, and a means of welcoming return to the employees transferred to the joint venture. Create salary, bonuses and retention program that is inline with the success of the joint venture. Maintain open communication between t he companies that have been tied up. Define a process for leadership selection that is seen fair and credible and give credits to the top-tier leadership as soon as possible. Look for key indicators of leadership potentials such as behavior, past experience, and measurable outputs. To engage and motivate your employees, communication should be frequent and used to create a common vision, establish a connection with leadership, explain the new rules, support the individual transition process, aid in retention, and ultimately, define the new organization in terms of "We" instead of an "It" or "They". Share as much information as you can, and never sugar-coat or make false promises. Conduct employee research to help the new organization determine what matters to employees and can serve as the foundation for all programs and incentives. Joint Ventures: A Way to Jump Start your New Business Try to answer the following questions first before continuing to read: * Do you have an online business that you just completed making with all the links and key performing properly and have an affiliate program but you need to jump-start it with no cash for promotion? * Do you want your goods or services in front of thousands of customers within hours without spending a single penny for the offer? Joint venture is right for you if you answered "yes" to either if these questions. Joint ventures can give you free advertising and also targeted internet traffic. Before getting eager, you should first know that joint ventures have advantages and disadvantages as it is with everything in life. Firstly, you have to know what joint venture is. A joint venture is a collaboration or partnership by two or more companies for mutual gain, usually profit sharing. It's that simple. You might ask what makes a joint venture very advantageous. Joint ventures allow you to use other people's web assets, like targeted web traffic. Another is that you can expand your credibility by joining up with different reputable, branded business. With joint venture you can obtain new leads to customers, get discounts on products and services, save money on business management expenses, you can have an advantage over your competition, get referrals from other businesses, save lots of time and money on advertising, gain valuable skills and knowledge, safeguard your cash flow, get rid of extra inventory of your products. Also, by saving money, you can get out of debts much quicker. With joint ventures, you can discover hidden income streams, trade unproductive products for money making ones to your partners, increase sales and profits, learn new information from experts for free, increase income by more affiliates wanting you to sign up for their company, you can offer your products at a much lower rate than that of your competitions. This is why joint venture is a great method to jump-start your business, especially if you signed up as an affiliate. What is the best joint venture partner? The best joint venture partner would be newsletter owners and website owners that are related to your website product and services. These are the advantages of a joint venture. The disadvantages are: Locating newsletter and website owners that are related to your website product or services and getting them to accept your proposal. This can be quite a task for someone who's new to joint ventures. This is because the internet is a very big place. And finding a newsletter or website owner can be difficult for a beginner. This can also be difficult for someone who doesn't spend much time in the internet and only has an online business for making some extra buck. To find a responsive joint venture partners try to consider these following guides: Since finding a joint venture can be difficult, you should do what most people do. Use search engines, type in keywords that is relevant to the products or services you are selling. After you typed in your search, you will get a list of results. Click on a link that you think would make a good potential joint venture partner. If it doesn't accept your proposal then move on to the other sites. Try to focus your search on the first two pages of the results, if you come up with no results, try using different keywords. If you see a potential joint venture partner, contact them by locating their contact information in their website. If you don't find anything on your search results, you can find some potential joint venture partners in forums, newsletter directories, newsgroups and membership sites. Write an article about your product and services and post them in article publishing websites, include a sentence that you are looking for joint venture partners. This way, a business will seek you out and not the other way around. Once you find a business, email them about your joint venture proposal, tell the business owner the benefits of joint venture. Explain to the business owner why it would be a win-win situation for both of your business. Also, people like to be complimented, do this on their business, website, products, articles and others. Going for the win-win joint ventures There is not much difference between a big time and an unheard of company or business when it comes to joint ventures. You have probably heard of rags to riches stories of how some people are making millions by getting into joint ventures. What makes their stories amazing is that before they got into the alliance, they were unknown entities making a decent income. Joint ventures made the sudden boosts in their businesses. This strategic alliance, or joint ventures, is a type of organization where businesses work together to share knowledge, profits and markets. Joint ventures can take on a variety of structures. Small companies can combine to take on the "big sharks" in their industry. While big companies form alliances with faster and small businesses with the right potential. It is also possible for smaller companies to form an alliance with companies that have big name to be able to expand their geographic reach. It is estimated that 25% of all revenues for the year 2005 alone, which total to 40 trillion dollars, is all because of businesses going into joint ventures with other businesses. This is enough reason for small businesses not to ignore the benefits that joint ventures can give them. What are some of the valuable opportunities you can get from joint ventures? 1. You can cut down on the time-consuming business development. If you have a small business, getting into joint ventures will minimize the need to create new products and the knowledge to be able to expand your market. These things do not happen instantly, they take time. With joint ventures, you get more leads, advance expertise and accumulate fewer costs. 2. You get to improve your business' credibility. This is the most common problems encountered by new businesses. They struggle to gain credibility within their target market and customer base. An alliance with already known and trusted company will significantly advance your credibility with your customers. 3. You can have new sources of revenues. Normally, small companies do not have enough capital and resources needed for growth. By getting into a joint venture with a sound and stable partner, your sales force will be sales force and channels will be expanded for a lower cost. 4. You can be shielded from your competitors. With the many existing competitors out there, there is a big probability that they will try to infiltrate through your business. A partnership will major key companies will help lessen that. You get to build solid walls to keep your competitors out while retaining high profit boundaries. With all these benefits up for grabs, you are probably too eager to start thinking of going into joint ventures. But then, do not start rushing to get into the first ones that you see. A badly executed and poorly planned joint venture is likely to be doomed early on. What are the secrets of a successful joint ventures? 1. A clear objective. You have to know what you want to achieve from the start. The par tner you chose may not have the same goals but at least they should be complimentary to yours. 2. The right partner. The best partnership should put you both in a win-win situation. Take some time to find the company that has an interest in joint ventures and has similar objectives set. If what you want is not in line with what they want, your ideas will probably clash sooner or later. 3. Plan the venture. Work out a plan on how you will go about negotiating and the tactics you can use. You have to understand the different aspects of the deal you are getting into. What is primary on your mind is to enter into a win-win venture. 4. Manage the alliance well. It is said that a joint venture relationship is like a marriage. Its foundation should be built on understanding and trust. The real work takes place once an effective alliance is formed. If you find yourself in one, treasure it as you would something that is valuable to you. Joint ventures can work effectively for all the parties concerned. You just have to understand the processes involved so make the relationship smooth-sailing. But first, go find yourself a good one. Internet Marketing Success With Joint Ventures The internet is not only a major source of information. It is also a major source of making money. And one way of making money is thru joint ventures. Joint ventures are presented in many various forms. Some can be as simple as promoting newsletters. While others can be as complicated as a cross-promotion of complimentary products between partners. There are even some joint ventures that aim on starting new projects from scrape. All these things make joint venture a great tool for growing your business in different aspects. But for new marketers, getting into joint ventures seems a daunting task. This is especially so when it comes to reaching out other internet marketers. You can look for businesses to joint venture with whether online or offline. It would be best to find one that has the same target audience but is not really in direct competition with yours. To find a joint venture online, you can participate in discussion groups, forums and other forms of communication that targets the market you are into. You can also search in web directories and search engines to find the right businesses you can joint venture into. Oftentimes, marketers look like they are "spamming" when in reality, they are just trying to find a joint venture partner. This is why some of them would rather not try than be caught doing these things. It does not have to be that way. There are things you can do that will make your joint ventures as easy and as safe. They will also prove helpful as you go about your task. Here are some of them. 1. Get acquainted with your potential joint venture partner. To avoid being considered a spammer, do not try and email everyone on your list. You will not get the partners you want if you do it this way. Your reputation might be ruined too. Try to subscribe to your potential partner's ezines. Look into their websites or blogs. it is always best to get to know a little about them before presenting them your proposal. 2. Take time in approaching possible partners. Be polite and flattering. Using some flattery can be effective most of the time. Inform them how you like their business and the things that you have seen in them that makes them different from other companies. Leave constructive comments on their site. You will be amazed at the response you will be getting by using some flattery. This is an initial way of developing a good relationship with your potential joint venture partners. 3. Promise what you can deliver. Your financial approximation should be realistic enough. Be honest about it to your future partners. Relate your proposal truthfully and based on your actual situation. Be sincere. Get them to trust you enough to agree on what you are suggesting. Starting a joint venture is not really that frightening once you have gotten into business with the business of your choice. Just think of all the benefits you will be getting. Doing joint ventures with other business can enhance your chances of keeping up or beating your competition. It will also help in increasing your sales and increase your profits fast. Other than that, joint ventures can: 1. Lessen your operating costs once you share then with other companies. 2. Get you more leads and referrals for businesses related to yours. 3. Divide the workload to be done. Valuable time is spent wisely this way. Plus, you get more quality time for other things. 4. Offer your customers varying products and services besides the one coming from you. 5. Get more business associates that will prove important to you and your business. 6. Receive free advice and vital information regarding and from other businesses. If ever you cannot get those negative feelings of your mind, just think about what joint ventures can do for you. For sure, they will surpass all other things. Just keep in mind that joint ventures are not a "solo performance". You are into a business with others that only want the best things for both of you. Consider these things first before you go into a partnership that requires dedication and sharing. Just to give you some joint venture ideas Are you not sure how you can get into joint ventures? Here are some ideas that may give you an initial knowledge on the kind of business you want to get into. 1. One of the simplest method of joint ventures is text link or banner exchange. You get to exchange these things with websites that are offering related products or services. If you start looking, you will find that there are a lot of companies that have what you have. 2. Sharing of websites with another that is targeting the same market. This basically means you get to share advertising and marketing with that site for half the price but with doubled traffic. 3. Exchanging of endorsements and reviews for both your products and services. Give and take. You write something about them and they write something about you too. Since you both know your products well, this is one form of getting credibility. 4. Combining products or services into a package with related businesses can also be an option. Your buyers will be more than glad to avail of what you are offering since they know that they are getting a good deal. When the profits start rolling, both of you can share them. 5. Products or services that do not sell good should not be left aside. Instead, try to offer them as an added bonus for another company. You can ask for a minimal share of the profits gained. 6. Volunteering a space for another business' ads into your product endorsements. In exchange, you can ask them to do the same thing to their business as you have done with them. This is an effective way of expanding your visibility plus reaching further to other markets not on yours. 7. Trading of auto-responders or ezines with business having the same type of market. 8. Work together with related businesses to produce a promotional e-book to be given away. Publish your web site ads in the e-book then give them all away for free. 9. Sponsoring a virtual trade show or seminar with another business. On these shows, try to include each other's promotional bits and pieces. 10. Create a freeware program. Put in a promotional ad for each of your businesses in the program. Submit it to free sites and freeware. In joint ventures, the idea is to give and receive. You can boost your marketing publicity with no problem at all by placing your advertisement on free stuff and allowing other people to give it away. The more people that give away your free stuff, the more your ad will be seen and exposed. Unlike what you initially thought, many free stuff can be made effortlessly and without or little expense needed. Electronic freebies are perfect because with these types of freebies, you would not have to worry about shipping or physical material costs. Below are some of the more popular kinds of electronic freebies you may want to take advan tage of to make joint ventures work for you. 1. Free e-Books. Present these to your visitors. The e-book should tell something about your web site and what is offering. 2. Free e-Coupons or e-Gift Certificates. Give out free electronic coupons and gift certificates to your visitors so they will have an idea about your products or services. 3. Free e-Courses. Provide your visitors free electronic courses. They could e-mail your follow-up autoresponder to be able to get a free lesson everyday. 4. Free e-Reports. The reports could be in autoresponder form or in text format. In these reports, inform them about what your product or service is about and how it will benefit them. 5. Free Software. A lot of people are a sucker for free software. It could be a game or a useful utility. Have them download easily straight from your website. 6. Free Online Services or Utilities. Since most people are online most of the time, these freebies should be more than useful. They should also be ready to use right from your web site. When you have decided on which type of joint ventures suit you the most, you can make use of this freebie strategy so your advertising will rapidly spread on the internet. Finding the joint venture that will be your keys to riches Joint ventures means cooperating rather than competing. In joint ventures, you get partners to help you boost the products or services you are offering. But instead of trying to outdo the ones related to your business, you get into business with them. A win-sin situation for both of you considering the fact that you share in all the expenses and getting more and targeting a wider market in the process. Although this is the basic concept behind joint ventures, many people do not fully comprehend the benefits it can offer. Oftentimes, they get wary in the initial attempt and would rather not engage in one. Joint ventures through affiliate programs. This is one of the most common joint venture kind found over the Internet. But being the most widespread does not make it the most beneficial. In affiliate marketing, the focus is more on recruiting customers to be the sales force of the products they have bought. Affiliate programs are great means of achieving selling power and reaching out to more people with the use of the Internet. What one can gain offline cannot match to what it can get online. But then many people have already made numerous profits selling products or service that are not their own and do not ship to the customers themselves. As much as 90 percent of total sales are made through affiliate marketing though. Joint ventures is getting publicity through contents. This is one of the simplest forms of joint ventures. You get to offer your knowledge in exchange for the free exposure and publicity your business needs. An example of this is article writing. By allowing other publishers to reprint and publish your articles, you reach far more customers than you could by having it put mainly on your site. The persons reached are the same ones who would not have thought of going to your site to check you out. Just think how your articles will be distributed to a bigger audience. And think how your contents are being exchanged, used and added values to. Joint ventures is buying and selling of reprint rights. You can gain profits on your information products, the rights to sell your products to others and form sincere supports found within your information products. Today, information is the most profitable product anyone can offer and sell over the Internet. A lot of business owners are purchasing products that have reprint rights. They will then resell those products. And when opportunity calls for it, they also get to resell the same reprint rights to others. In addition, you can also sell reprint and distribution rights to content-rich products you have created yourself. Joint ventures is giving out win-win endorsements. Giving and getting endorsements are precious ways of leveraging your unique expertise. Although giving out a free report or e-book to your visitors is a brilliant, it is important not to stop there. Offer your customers commission on sales that is made through their market contacts. Think about endorsed email advertising. You can offer to trade mailings or endorse products that you like. Offer commissions on sales to those who can promote your product by mailing your information to their lists. Consider some don'ts in joint ventures. Do not try to endorse products you do not have any idea about or do not believe in. Do not also overuse your promotions just to earn profits. Giving testimonials for products you like is one of the best linking strategies you can apply. You will receive extremely visible links to your website on popular pages. And people will want to contact you about your testimonials or even visit your website just because of your testimonial. Joint ventures as a whole. Joint ventures work its best when each partners share give something that the other do not have or cannot afford to. This can be as simple as web traffic or publicity. Or more complex things like money, fame and connections. Before getting into joint ventures, you must first identify your greatest strengths and weaknesses. The more successful joint ventures depends on having something to offer and that certain business that needs what you have. On their part, they will give you what you and your business needs.
How do you fast-forward your way into a joint venture business? Within your target market, find a business or company that has a website or its very own ezine. Approach and ask them if they want to join your affiliate program and if it would be possible for you to promote what you are offering on their site or ezine. In return for this, offer to give your product for free. If you have your own ezine or website, offer to promote something for them also. Try to make an offer that they will find irresistible. Make use of your very own subscribers and visitors. Nothing like giving out something for free to make them come running to your site. In these freebies, put your advertisement. It does not have to be too obvious. A subtle ad that has a link back to you is more than enough. Using this technique, you will have an advertisement of yourself spread everywhere. Both you and your visitor get to benefit from this style. By giving some of your own, you will get more than what is expected. Do not get into a losing competition. You cannot always win them all. Why not join them? Look for others having the same business as yours and form your own joint venture team. By combining all your income, advertising and resources, you can win over the bigger competition for sure. The "team" can even cross-promote each other's products and services. This will not only lessen the expenses you have to endure but it will also bring you more profit compared to having done it all by yourself. Find ezine publishers catering to your target market. Let them know that you are partnering with other ezine publishers for your discounted offer and that you will give the ezine publisher who gives the most result a bonus. But you have to make sure your bonus is very good. Try to make it unique with a little personal touch. You may not be close to that person but there are many advices you can look up to regarding what people, men and women, prefer as gifts. Conduct more contests. Contests is not only an effective way of marketing, they can also cater to the different types of market. Get in touch with a website owner in your market. Recommend to have a contest by giving away some things that you are offering. In return for what you have done, ask them to run your ad or place your ad on their website. If the contests you are offering is good enough, you can ask for a solo ad. Or they can put them in prominent places on their web sites. Another type of contest you can do is what they call a "contest swap". Tell them that you will promote their products is they will also promote yours. If both of you do not have anything to offer for this contest, you c an always come up with something together. Explain to them the benefits that this will bring to you and to them. This is a way of building a good relationship and partnership. By the time you approach them with another idea for a joint venture, they will go all out in helping you because they already have a trust on you. Columns are another joint venture idea. You can write your own column and offer it to a website owner or a publisher. The more unique your content is, the better. The ones you are offering them into will be more than glad of an opportunity to have something that is not so ordinary. It is a fact that website owners are always on the lookout for fresh and original contents to be exchanged for advertising. Get your business cards to work for you in joint ventures. Exchange these cards with other companies and businesses in your market. You hand out yours and they hand over theirs. That simple. Just the traditional method of advertising, which is by word of mouth, this is always one of the best ways for you and your business to get around. Now that these ideas on joint venturing are laid out for you, there is no reason for you to wait around any longer. Join one now. Get your Online Business Started through Joint Ventures Are you starting a web site solely for the purpose of online business? Well, it would be great to take advantage of the affiliate programs being introduced nowadays. You can bet on it, you just need to look for reliable affiliate program software and this will get your product or service in front of thousands target customers within a space of a few hours. Once you have chosen and finished loading the most applicable affiliate program on your website, your next move should be to give it a jump-start. Others would gladly spend enough money necessary to promote and advertise their products and services and affiliate partnership options. However, starting an online business is tough enough, without the added costs. Stop fretting about limited advertising budgets! Joint ventures scheme will guarantee to jump-start your affiliate program without you having to spend a single cent on advertising. Haven't heard of joint ventures yet? Then perhaps this article can help you. A joint Venture is striking up a partnership or collaboration with a fellow webmaster with the bargain of mutual gains, especially in profits and profit sharing. How that would help promote your products to thousands of target customers, you may ask. Well, though joint venture's process is this simple, it is a powerful marketing strategy because, once your online business web site strike up a partnership with another web site, they already allow you to leverage the web assets of your partner site. If your partner has Opt-in Lists or high traffic capability, then you also stand to benefit from these features. Leverage is a powerful marketing concept. Joint ventures utilize this to create a strong bonded relationship and goodwill among other companies, especially those with established people that are your potential customers/clients. Joint venture's main draw is that there can be no losing situation by applying it. You and your joint venture partner leverage each other's assets and resources for mutual benefits. It is a total win-win solution. You gain customers, your joint venture partner win, and your customers and subscriber's win. You do not have to spend too much or even risk failure. You will not be risking anything ones a scheme has a total win-win solution. You also give a chance for your products to be marketed using other people's resources. Once your joint venture partner is an established website already, you gain a very fast way of marketing your products and services. Joint venture can also bring you new subscribers and customers without you having to spend anything. You get to leverage your partner's web traffic and let your products and services be exposed to their existing subscribers and customers. For a starting web site, it is a struggle to increase traffic, by doing joint venture. You get necessary traffic and attract potential customers by the thousands. When you campaign for joint venture deals with other web sites, select them carefully. As much as possible, do not limit your options on non-competitors. Make sure however, that they are indexed in Google. Cut deals with competitors and see if they grab the opportunity, too. In choosing the joint venture partner, it is necessary to have a plan. Choose those websites related to your online business website. Take the time to locate those that sell to your target market. Consider also what products or services they are selling. Be clear about the attributes you seek in a partner. Also, in negotiating with your potential partners, always be prepared for that give and take scheme. Once you have picked out the more related ones, then you can e-mail or chat with them regarding your proposal to strike up a joint venture deal. Offer them your products and services, complementary to theirs. You will find it easy to find companies that will gladly have you as their joint venture partner once your web site is reputable and your company is credible enough. Once you got web sites that accepted your joint venture proposal, then it is necessary to make it a success for both of you. You need to clear up each other's goals for the partnership. You can also do a joint venture endorsement marketing, especially if you want to host products. In order to be successful in this scheme, you must build a strong relationship with your customers. You can also team up with hosts that have good relations with their audience, if you are going to be the beneficiary. Joint venture partnership no only help in driving traffic to both your sites, you can also help each other in increasing search engine rankings. You can trade links. You can also contact ezine publishers and enter into a list building joint venture deal with them. You can strike up with many other joint venture deals. All you need is a little creativity and practicality. Make your Joint Venture Proposal Convincingly Irresistible If you do not know anything about it yet, joint venture is a scheme that will help you a lot. It does not cost much, or may not cost you anything at all. There are many ways to conduct joint venture partnership, but it will be very helpful for you to have an affiliate program. Doing a joint venture partnership, either with a non-competitor or a competitor will mutually benefit both your online businesses. It allows both the joint venture partners to leverage on the existing resources of each websites involved in the joint venture. Instead of having second thoughts about it, why don't you try it and see for yourself the results will be reflected on your site. Deciding to do a joint venture partnership with other complementary web sites also allows you to provide your products and services and sell them on your partner's website. You can invite the webmaster to do so likewise in your site. There is lots of other marketing opportunity presented in a joint venture deal. What's more, it will not involve any expenditure on your part. Ideal, huh. Well, if you are moved to a decision already, then all you need to do is plan your goals and start searching for ideal, credible and reputable web sites where you will give your proposal. Research your target partner web sites and their companies thoroughly. Whatever may come up in the research may be important for you to know what they would most likely be looking for. Reading their mission statement can make you see how they make decisions. When you finally made up your list of prospects, then you need to do joint venture partnership proposals. Here are some valuable pointers for you to write irresistible joint venture proposal. Actually, the proposal you will write is a formal way or approach to a joint venture partnership prospect. Bare of all fancy wordings, it only means, "Let's do a deal." Some proposals are far more successful and bring out positive results. This is true to brief and to-the-point proposals. Some long-winded and stereotypical proposals with pages and pages of technical jargon are usually ignored. Well, it is quite understandable. Anyway, whatever partner you target for your joint venture project, a webmaster, ezine publisher, business owner, competitor, and the same questions would pop out of their heads once they receive and read your proposal. They would all be wondering what benefit they will get out of such a set-up you are proposing. Therefore, however brief your joint venture proposal may be, its core should focus on explaining what benefits they would get out of agreeing to the proposal. Be straightforward in telling them what is in it for them. Once you have this pointed out, you need to go into details. Remember always that your offer must cut straight to the heart of the matter, relevant and assure the partner of its being highly beneficial to both your clients. Remember, money is not always the thing they are after. When you write your joint venture proposal be aware of what may really capture their interest. Make each offer so tempting, they would hesitate to turn it down. Each target partner deserves a totally different proposal according to your research on what is important for them. Although not in too much length, describe the benefits of the partnership you are proposing. Continue on researching about them as you write your proposal. Make it easy for them to arrive at a decision and say "yes". Do not let your proposal go too far out and complicated though. Busy people cannot be bothered with such long-winded citations. Sometimes, too, people are just too lazy to care on reading on. As you draft your proposal, continue on simplifying it. Of course, even if you sense from your research that they are not interested in the money, still make them see there is a potential earning to be had once they say yes. Always be scientific in explaining these. Do not give them falsehoods, for they also know their statistics. Compose the proposal with personal undertones, as if you know him/her as a friend. Relate well with them and make them understand you are not just a machine ordered to compose something. It is also a good step to building rapport with them. Trust is an aspect that is hard to win from others but will reap great results once achieved. Finally, if you want to really make an impact, send your proposal as a hard copy via FedEx. Sometimes, Email can be easily ignored, erased and forgotten. You can also add a note of urgency and hint that you will not wait too long to hear from them. However, do not appear arrogant, overbearing deceptive and unrealistic. Coin your words well. Now that you know how to go on about it, start making your proposal and start putting on profitable joint ventures. With the right words and your very own business and marketing strategy, there will be no doubt as to the results of your efforts -- profits! Why Engage in Website Joint Ventures? As the civilization enters the Age of Globalization, joint ventures have grown into thousands no make that millions. For the past decades, the growth of the number of members who engage in joint ventures has constantly increased. Business before is highly different from now because even with the use of the recent technology such as the computers, you can earn money and make business even at your own home. What really makes joint ventures so much pleasing to the people in the Web World? Primarily, joint venture can make unutilized resources into more profitable source quicker and of lesser cost than doing it alone. From the name itself, it needs collaboration with other concerned companies who are interested in gaining more profit in internet marketing. Joint venture simply refers to a method of business expansion in terms of websites. This is done through a collaborative effort for both major and mid-size website companies. Authors of certain websites get into deals with one another that can help boost the name of their site and attract more clients and subscribers. Commonly, joint ventures partners are matched by the so-called "closed proposal process". This is initiated via the Internet. In fact all the transactions that concern their profit making is communicated through Internet. They merely send their message through E-mail. Simply, in a joint venture two or more group of web companies enter into an agreement that they will share all the resources surrounding their business. It can be comprise of capital, technology, risks and even rewards. All these factors will be held as single entity under one control. In other words, the concern of one site is also a concern of another site. Prior to the entry in website joint ventures, there are important considerations that must be taken into account first. These include the following: 1. Deliberation on the Prospective Partners- The success of joint ventures will depend on you and your partner. Getting partner that will eventually ruin the entire entity can lead to bankruptcy. It is very important that you should conduct the necessary screening first to better assess if it will be a credible partner or not. Particularly in web world, you must be able to determine which the credible website authors are. Subscribers tend to refer more on the well-known authors. 2. Major contribution in the website is a major factor- Website is an avenue where you can advertise or publish a product. The entire package or design of the site is an advantage to attract clients. You have to look for a partner that can contribute in enhancing your individual websites. 3. Verify the credentials- One way for you to determine a good partner is to go over all the credentials that it has for the past years. Accomplishment and awards will also help determine if the website was in demand to the subscribers for the past years. You can also interpret its credentials through the ratings that the site has for the past few months or years. 4. Develop a particular concept that will fit the principle of both the website- Be able to determine the concept that you want for your website. You can also focus on the target market that you want to patronize your website. 5. Specification about the allocation of gains and losses- Once you have identified your partners in website joint ventures, things that deal on monetary aspect must be discussed between you and your partner. There must be an equal sharing of the gain, if not it will depend on your agreement. 6. Compensation must be thoroughly tackled- This will serve as a means to encourage participation with your partner. For every participation, it should be equated with just compensation. For instance, your product was also posted in the website of your partner and the client happened to order on his site, it only means that you are required to give the said website a commission. Joint venture will assure you easy money. However, it should be taken into account that there must be a collaborative effort between you and your partner. Whatever gains that you have, your website partner should also have it. Now, you probably know the reason for these people to crave for website joint ventures. Joint Ventures: How to Write an Irresistible Proposal Joint ventures are a partnership undertaken between two or more businesses for mutual gain. To have a joint venture partner you have to seek out website businesses that is related to the products or services you are selling. After you found one, the hard part comes next. How do you convince them to have a joint venture? You first have to write proposals. Joint venture proposals are a formal way of saying to your partner "Let's make a deal and be partners." Joint venture proposals are far more successful in obtaining partners if they are brief, and to the point proposals. Remember that you are dealing with people that are same as you are. A ten-page proposal will simply not cut-it. It can become boring for the reader to read all the corporate jargon that is isn't easy to understand, therefore, rejecting your proposal. The first thing you have to remember to write in your proposal is the most common question of a potential partner. W hether they are an article publisher, a competing business owner or even if they are the CEO of some huge corporation, they will usually ask in different ways " What's in it for me?" They will often ask and wonder how your proposed joint venture will benefit them or their company. Remember that people likes to take advantage, so explaining to them the benefits for their company a joint venture can give is very important to approve their partnership. Explain each benefit in detail and also in simple terms to get their attention. It is very important that the benefit you offer them is accurate and also highly beneficial to their clients. Explain to them that it is very lucrative for your partners to have joint ventures. If you're an experienced negotiator, you'll know that giving them what they want to hear is best. And also keep in mind that it is always not about the money. Now that you have an idea on how to write a proposal, now it's time on how to write you proposal so that it gets the attention of your potential partner and not turn you down. Research about your potential partner; determine what their specific need for their business. Look at their websites and look for their company mission or goal. This will reveal what your potential partner wants in a joint venture.. Make an offer they cannot refuse. The key again here is research. Try to find out what they want. Also, make it seem like they get more profit that you will. You will have to make it look like they have all the advantages and you are only asking for a few reasonable things. This will work for you in the long run, if your partner have many clients, it is possible that some of them may buy from your website and also you get free targeted internet traffic. Make the proposal as easy to read as possible. Getting that illusive "yes" can be very easy if you keep your proposal brief and to the point. Include in your proposals their benefits. This is because many people are naturally lazy readers; they do not want to read technical terms that may seem so complicated and hard to understand. Tell them in your proposal formally that they are sitting on a gold mine. Make your proposals personal. Relate to your potential partner as much as possible and avoid impersonal proposals. Impersonal proposals will only get a one second look from a potential partner and throws it away. Try to relate to your potential partners by giving them the same goals or missions as their company that you would like to achieve. If you really want to make an impression, send the proposal by hard copy through "snail mail". It can look very professional and attractive. Build a relationship with your potential partner. Most businesses will only do business with you if they know you well enough to trust you. Try to relate to your potential partners through your proposal.In your proposal, add a sense of urgency, it's no use that you will have to wait a long time just to hear them say no. However, write it in a discreet way, do not point out to them that you are in a hurry. It could lead them to think that you are overbearing, deceptive and unrealistic. Joint Ventures: A Great Way to Jump-Start Your Business Before continuing to read, answer these 2 simple questions first. * Do you have an online business that you just finished making with all the links and buttons functioning properly and has an affiliate program but you need to jump-start it with no money for advertising? * Do you want your products or services in front of thousands of customers within hours without spending a penny for the offer? If you answered yes to either of these questions, then joint ventures is the best option you want. Before getting excited, you should first know that joint ventures have advantages and disadvantages. Firstly you have to know what joint venture is. A joint venture is a collaboration or partnership by two or more companies for mutual gain, usually profit sharing. It's that simple.You might ask what makes a joint venture very advantageous.Joint ventures allow you to use other people's web asset, like targeted web traffic.A nother is that you can expand your credibility by joining up with different reputable, branded business.With joint venture you can obtain new leads to customers, get discounts on products and services, save money on business management expenses, you can have an advantage over your competition, get referrals from other businesses, save lots of time and money on advertising, gain valuable skills and knowledge, safeguard your cash flow, get rid of extra inventory of your products. Also, by saving money, you can get out of debts much quicker.With joint ventures, you can discover hidden income streams, trade unproductive products for money making ones to your partners, increase sales and profits, learn new information from experts for free, increase income by more affiliates wanting you to sign up for their company, you can offer your products at a much lower rate than that of your competitions. This is why joint venture is a great method to jump-start your business, especially if you signed up as an affiliate.What is the best joint venture partner?The best joint venture partner would be newsletter owners and website owners that are related to your website product and services. These are the advantages of a joint venture. The disadvantages are: Locating newsletter and website owners that are related to your website product or services and getting them to accept your proposal.This can be quite a task for someone who's new to joint ventures. This is because the internet is a very big place. And finding a newsletter or website owner can be difficult for a beginner.This can also be difficult for someone who doesn't spend much time in the internet and only has an online business for making some extra buck. To find a responsive joint venture partners try to consider these following guides: Since finding a joint venture can be difficult, you should do what most people do. Use search engines, type in keywords that is relevant to the products or services you are selling. After you typed in your search, you will get a list of results. Click on a link that you think would make a good potential joint venture partner. If it doesn't accept your proposal then move on to the other sites. Try to focus your search on the first two pages of the results, if you come up with no results, try using different keywords. If you see a potential joint venture partner, contact them by locating their contact information in their website.If you don't find anything on your search results, you can find some potential joint venture partners in forums, newsletter directories, newsgroups and membership sites. Write an article about your product and services and post them in article publishing websites, include a sentence that you are looking for joint venture partners. This way, a business will seek you out and not the other way around. Once you find a business, email them about your joint venture proposal, tell the business owner the benefits of joint venture. Explain to the business owner why it would be a win-win situation for both of your business. Also, people like to be complimented, do this on their business, website, products, articles and others. Why would you go into joint ventures when there are other kinds of businesses out there? You may be one of those who have been approached by other companies asking you to do joint ventures with them. Or you may be the one doing the approaching. If you feel that you have a good product and is willing to enter into a win-win deal with certain businesses, then you get to enjoy the profits that you will be getting from your joint ventures. Take into account that when you give out a joint venture proposal to another company, you have to make sure that you are certain about what you are offering. Other companies will also want to be assured that you will be worth promoting. Like you, they do not want to taint their reputations by getting into something that sells poor quality products or not credible services. Some businesses may not see the significance or understand the concept behind joint ventures. This is where you have to educate them on what the business is about and what they will be getting from it. If you are the one doing the marketing campaign and is being endorsed by these companies, try to give out majority of the profits you are getting. This is a way of showing your sincerity in sharing all the benefits you are getting with them. You also get to pay for all the marketing costs. If you think these are all too much, fast forward into the future and think about the steady stream of profits you will be getting once the business is already established. By spending some today, you will have it back doubled or even tripled. On the contrary, if a company approached you and wanted to market to your customer list and make use of your endorsement, you will want to keep most of the profits. The fact that they are just building up their customer list by selling to your customer list, you would want to be sure of their credibility first. You still have to know if they are a reputable business. It would be discouraging if you found out in the end that what they are offering is not really made of quality and good service. Your reputation is put in line of fire too. How much money should you expect in a joint venture business? The amount of money you will get when you do a joint venture is fully based upon the deal you have set up with your partner. If you are going to market to another company's customer list, you get to take a smaller part of the profit. If it is the other way around, expect to pocket more of the profits you both have acquired. In joint ventures, there are really no rules set. It all depends on the products or services you are offering, the cost of advertising and the deals you have made with your partner. What should you do to achieve a successful joint venture marketing? If you are approaching another business in need of their endorsements, be certain that they already have a solid and stable trust built up with their customers. If you notice that they are in constant contact with their customers, then it is a sure sign that their customers trust them enough to maintain communication. It also follows that the more their customers trust them, the more money they are making. Some business even have to send only an email to their customers to tell them about the newest product and these customers will respond instantly and buy from them. This should be the sort of business you should do joint venture with. In addition, you would want to present a product in your joint venture that is of high quality and has the capability to yield more profits. This should be first and foremost in your mind especially when you are approaching a big company. How do you get started in joint venture? You can try to do it alone and have the benefits all for yourself. But the best thing to do is find the business that you think will be very useful when combined with yours. You do not want to have regrets later on just because your joint venture is not working the way it should be working. How to fail in the joint venture business Joint ventures can bring your business many good things. However, it also get you shut off, ruin your reputation and accuse you of being a spammer. But this is only when you do not take the proper precaution needed upon getting into one. There are basically three things that should never be done when making a joint venture proposal to your targeted partners. Take a look at these things and see if you are doing one or two of these. No plans. You need to plan your every action first before you send out any proposal to your potential customers. You have to decide who to send it to and your expectations from them in return. When making your offer, answer some important questions first. What is there in your business that will make your potential customers want to joint venture with you? Will you be offering bonuses? What will be the basis of your commissions and when will they be available? Joint ventures experts will tell you that you should not offer a commission that is less than 50 percent. Why so? Because you want to show your partner that what you are giving them a fair offer; one that will be beneficial for both of you. When your offer is set, you can make ads or reviews where your partner can put their information into. This is an assurance on your part that you have something to give them when you are making the offer. In these things, you may want to include a sign up link that will make it easy for them to sign. Try to put a link to the product or service you are offering too. This is where your partners will get to review, and even download, anything about you. The primary thing is to make it easy for them. Consider the fact that these people do not have all the time in the world. They are people with busy schedules and with other things to think about. They would probably want something they will understand in a matter of minutes and sign up to for another minute. 2. Not focusing on your niche market. Take the time to do a little research about your target market. Find other sites or businesses that are offering the same things or just complementing what you have. After you have done this, you can now pat yourself on the back and say that you finally have a niche market to focus on. 3. You are sending your offers to the wrong consumer. The primary and most vital thing when creating a joint venture is to be certain that you are sending it to the right person and to the right email address. Maybe you can take a shot and submit it to someone you do not know. Just be sure that you will be ready to face the consequences of your action. The receiver may not be too happy with what you have done and will decide to trace you and tell you about it. But there is that chance that the receiver may be interested in what you are proposing, In the end, you have gained yourself a partner. This attained just by trying something out. The best thing to do is try to build a good relationship with a variety of people. One way of building one is by sending out appreciation notes to an author that you found an article interesting. You can also answer their surveys. Attach in the survey a note saying you are ready to be of service to them whenever they need one. Give your contact details and your website address. Not many people do this often. Some of these people might just appreciate having someone offering them help. This is basically how relationships and partnerships are built online. You will be astonished at the number of people that is more than happy to help once you have taken some time out to get to know them. After all, this is what joint ventures is all about. Dealing with people. You have to know how to deal first before you can get any success achieved in the joint venture business. How to become unsuccessful in joint venture marketing Joint ventures is the most favored and easiest way of increasing sales and cash flows. Nowadays, almost everybody knows that finding a good joint venture is the answer to getting online success. But why is it that some people are not using this strategy for their online business? Why were they not able to make their joint ventures work? The reasons is may be because: 1. Not offering your joint ventures. Are you just sitting there and waiting for a potential partner to just come up to you and tell you that they want to get into joint ventures with you? Unless you give them something they will not be able to resist, most partners are not looking forward to your offer. You obviously have to put in some time to think up a good offer. But then, all this will be worth the effort once you have your joint ventures up and rolling. As with every business, it take commitment and dedication to be able to get where you want to go. Nothing will be achieved in not trying. 2. Not following up. You are probably discouraged already because you have not heard from all that you have sent proposals to. Did it ever occur to you to follow up on those? Joint ventures is sometimes co nsidered spam because of the way they are being sent. So chances are, the ones who have received yours may have had that same thought and thrashed your proposals with all the rest. Following up is the solution. The possibility that your potential customers will notice you is very much high when you follow up regularly. Based on the experience of joint ventures marketer, it takes a second or third email to get a response. A combination of a follow-up email and a telephone call has also been known to get higher response rates. This is an option worth considering. 3. Not personalizing your joint venture offer. If your proposal does not speak directly to your readers, it probably will not succeed. That is one of the reasons why you should allot some time when creating a joint venture proposal. It would be best to get to know more about the person and the business he or she is running. Go over to their site and check out what they are all about. This way, you can offer them a proposal that is crafted especially for them. Mention some of the things you have seen on their site so they will know that you are really putting on time and effort in getting to know them. 4. A joint venture partner is worlds apart from joint ventures affiliate. The commissions you are offering your affiliates should not be the same as the commission will offer your partner. When you offer higher commissions to them, it will increase your chances of them accepting your proposal. The standard commissions offered to joint venture partners should be more than 50 percent. 5. Targeting your kind. Do not be overconfident and try to large and stable businesses. The probability of them accepting you is very slim. Try out several businesses similar as yours or smaller than you are. By partnering with them, you can build a good track record about you and your success. Once you have done this, you can then go on and approach bigger companies. Take into account that large businesses are also facing large problems. If they are that successful, they might already have the same products and services that you are offering. And their customers are already happy with what they have. But if you feel that you have something unique and worthwhile to offer them, why not try? You have got nothing to lose by trying. At least you tried rather than just think of what could have been. Now that you have a basic knowledge of what and what not to do with your joint venture proposal, you may want to rethink your strategy. It is best to try out different strategies and see which ones will work best for you. Keep in mind that this is your joint venture and its future that you are giving out. Be sure to always think hard before making a final decision.
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