Things To Consider Before You Begin Starting a Joint Venture

Before you even attempt to go out and put together a joint venture deal you must have an idea of who your perfect partners are. You need to find out who else is selling lots of products similar to yours. You must think like the customers that you want to reach.

– Where do your perfect customers go online?

– Who is your competition?

– Who publishes content to your target market?

Questions like these will often lead you to potential joint venture partners, especially when you consider partnering with your competition. Most business owners believe that competition is a bad thing, and for most businesses it is, unless you find a way to turn your competitors into your partners. Although it seems unlikely, joint venture partnerships thrive because of competition.

By using the methods outlined in this ebook you will learn how to make almost any competing business a new profit center for you. And although everyone you contact will not be willing to joint venture with you, many of them will. Many of them will review your joint venture proposal and jump at the opportunity to partner with you when you apply what you are about to learn.

So let’s get to it…

Here are the four major steps that you need to take in order to start and run a recruiting the “super” affiliates who can literally make tons of sales for you in a short amount of time.

1.Test Your Product First
2.Create Good Sales Tools For Your Joint Venture Partners
3.Find Joint Venture Partners
4.Lure Them Into Your Program

I know you’ve heard this one somewhere before…

The very first thing you should do when selling any product is to test the market for your product. You don’t want to waste time recruiting joint venture partners for a product that won’t sell. The easiest and cheapest way to test your products/services may be to buy some e-zine advertising in a publication that targets your market.

If you are selling skin care products you should buy advertising in a e-zine focused on health care or women’s health as women tend to be more concerned about the appearance of their skin than men do. If you are selling car alarms you may want to buy ads in e-zines that cover topics such as car care, maintenance, etc. You should test a few classified ads and solo ads if possible.

Solo ads normally are more expensive than classified ads but the usually pull more response. Remember only buy e-zine ads that target your specific type of customer and always test your ad copy before you spend a lot of time and effort to find joint venture partners.

And remember if you’ve got your own opt-in email list be sure to test to them first, assuming your marketing a product they would be interested in.