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50 Benefits Of Joint Venture Marketing

johnthesearcher

johnthesearcher

New Member
What Is A Joint Venture?

A joint venture is an agreement in which two or more businesses work on a project for a set period of time.

Joint ventures can be long-term, like promoting a product together, or some can be short-term, like bartering (trading) products and services. Joint venture ideas are virtually endless.

The Benefits Of Joint Venture Marketing

1. You can build long lasting business relationships.
2. You can increase your credibility by teaming up with other reputable, branded businesses.
3. You can get free products and services.
4. You can construct most joint venture deals with little or no money.
5. You can gain new leads and customers.
6. You can get discounts on products and services.
7. You can save money on business operating costs.
8. You can beat your competition.
9. You can gain referrals from other businesses.
10. You can solve your business problems.
11. You can save valuable time.
12. You can get free and low cost advertising.
13. You can offer your customers new products and services.
14. You can survive a depression, recession or a slow economy.
15. You can save money by sharing advertising and marketing costs.
16. You can target other potential markets.
17. You can expand and grow your business quickly.
18. You can gain valuable information or skills.
19. You can increase and protect your cash flow.
20. You can find new profit outlets.
21. You can become rich and wealthy.
22. You can start almost any business at little or no costs.
23. You can get rid of your extra inventory.
24. You can reduce and eliminate your debts and avoid bankruptcy.
25. You can afford to sell your products at a lower price.
26. You can increase your opt in or ezine subscribers for free.
27. You can get your web hosting and design for free.
28. You can save money outsourcing your workload for free.
29. You can find hidden income streams.
30. You can exchange useless products for profitable ones.
31. You can create new business funding and credit lines.
32. You can reduce your taxes.
33. You can find and create new distribution channels for your products.
34. You can give your employees more raises, bonuses and benefits.
35. You can even trade non business stuff to improve your personal life.
36. You can increase your sales and profits.
37. You can send your ad to huge, targeted email lists at no cost.
38. You can eliminate employee hiring costs creating barter outsourcing deals.
39. You can build your customer or opt-in list for free.
40. You can build profitable alliances with other businesses.
41. You can learn insider information from other experts at no cost.
42. You can test your product for free.
43. You can out-sell other affiliates much easier.
44. You can increase the number of affiliates that sign up to your reseller program.
45. You can offer more bonus products and incentives to buy.
46. You can get highly credible endorsements and testimonials from other experts.
47. You can quickly increase your ezine subscribers.
48. You can offer your products at lower prices than your competition.
49. You can easily find new up sell and backend products to sell.
50. You can create products faster and with less effort.

These are only some of the benefits. They're endless!

Quote of the Day:

"If you know how to spend less than you get, you have the philosopher's stone." -- Benjamin Franklin

John
 
Gordon N

Gordon N

New Member
Watch this space John, there might just be a joint venture appearing soon from a couple of members of SBF! Nice to see the list of benefits it might bring! :)
 
jimbairn

jimbairn

New Member
While I agree whole-heartedly with John's list, I've found the flaw is actually finding someone willing and trustworthy to work with... I've been trying for ages to find someone in the training and development field to work with me on developing my Cartoon Workshops as, say, a team-building exercise.

The usual scenario is: I meet someone at a networking meeting who's intrigued by what I do and we agree to meet for a coffee and chat. We meet for a coffee and chat and decide that, yes we can work together, shake hands and go our separate ways. Time passes so I contact the other person and get "Yes I'm still interested - I just have to take care of this urgent job that's just come up..."

Time passes. More phone calls, more delays
Time passes. More phone calls. More delays. Gradually the other person stops returning calls
Time passes. A final phone call where the other person finally says they've got to busy with their own stuff to get involved after all.
I go to another networking meeting where I meet someone at a networking meeting who's intrigued by what I do and we agree to meet for a coffee and chat...

I have lost count of the number of times I've been through this scenario. I'm reminded of the old adage that before you meet a Prince, you have to kiss an awful lot of frogs...
 
Adventurelife

Adventurelife

New Member
While I agree whole-heartedly with John's list, I've found the flaw is actually finding someone willing and trustworthy to work with... I've been trying for ages to find someone in the training and development field to work with me on developing my Cartoon Workshops as, say, a team-building exercise.

The usual scenario is: I meet someone at a networking meeting who's intrigued by what I do and we agree to meet for a coffee and chat. We meet for a coffee and chat and decide that, yes we can work together, shake hands and go our separate ways. Time passes so I contact the other person and get "Yes I'm still interested - I just have to take care of this urgent job that's just come up..."

Time passes. More phone calls, more delays
Time passes. More phone calls. More delays. Gradually the other person stops returning calls
Time passes. A final phone call where the other person finally says they've got to busy with their own stuff to get involved after all.
I go to another networking meeting where I meet someone at a networking meeting who's intrigued by what I do and we agree to meet for a coffee and chat...

I have lost count of the number of times I've been through this scenario. I'm reminded of the old adage that before you meet a Prince, you have to kiss an awful lot of frogs...

For all joint ventures to work there needs to be a big win win for both sides of the venture with both sides buying into that the new whole is more valuable than the two seperate halves.

Most fail as the win is not equal on both sides so human nature dictates that people default back to what is keeping the wolves from the door.

Joint ventures are fantastic but they tend to work with already very well established businesses who both sides can see and commit to the new greater value.

Peter
 
Gordon N

Gordon N

New Member
Time passes. More phone calls, more delays
Time passes. More phone calls. More delays. Gradually the other person stops returning calls
Time passes. A final phone call where the other person finally says they've got to busy with their own stuff to get involved after all.

Always looking for the positive in everything I would say you've had a lucky escape on these! People like that are only in it for (and 'out for') themselves. For any joint venture to work all the involved parties should share the enthusiasm as well as the workload. I agree with Peter completely, all parties need to understand the big win and that will drive the project forward.
 
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