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Enlarge Income with Joint venture

It was a revelation for me to come to the finish that not all marketers online are my competition. It was a 180 degree shift in thinking which prompted me to join up with another marketer and work together to improve both of our profits.

Joint venture was one of the big buzzwords (phrases) of 2005, and since I tried it for myself, I can now understand why. Previous to doing my first Joint venture (or JV as us marketers like to call them) I looked at anyone who was selling anything online as competition, someone to beat to the sale.

It was a few months ago, Joe Hebert asked me to work with him on a project, and when we got talking, his idea was one which I had already started but put on the backburner, namely a membership site.

Joe had a lot of resources which I'd needed, including a great webhosting deal, and loads of information products to put into a membership site. I had a domain name and all the site layout, and graphics ready to go. The reason I hadn't gone further is because I didn't have the capital to add what I thought would be enough products to the site, which my new partner did. I also didn't have the time to upload all the products, my new Joint venture partner did.

My JV partner didn't have an email list to promote a new venture to, and didn't have the knowledge to get the scripts running to make the site automated. Joint venture was one of the big buzzwords (phrases) of 2005, and since I tried it for myself, I can now understand why. Previous to doing my first Joint venture (or JV as us marketers like to call them) I looked at anyone who was selling anything online as competition, someone to beat to the sale. I had those skills, and resources, so we teamed up.

In just a few days we had a new membership, up and running and taking orders. Joe took care of the hosting and products, I took care of the design and promoting to a warm prospect list. Together we are making it work, where singly we had both struggled.

Now look at your own marketing, and online activities and see if you have some way in which a joint venture with someone could benefit your business. Joe had a lot of resources which I'd needed, including a great web hosting deal, and loads of information products to put into a membership site. I had a domain name and all the site layout, and graphics ready to go. The reason I hadn't gone further is because I didn't have the capital to add what I thought would be enough products to the site, which my new partner did. I also didn't have the time to upload all the products, my new Joint venture partner did. Maybe you need someone who can setup a script, or website, or you have some ideas which need a particular talent you don't have, you can barter with someone else who has what you need to make a profitable partnership which works for both of you without paying out hard cash for it.
 

Don't make the mistake I made, see everyone as a potential partner in profit, instead of an opponent to defeat. Start doing some joint ventures, you won't necessarily halve your profits, and you may well make more by sharing the work with someone.

 Joint venture Made Simple to Produce More

Joint ventures allow online marketers to reimburse for missing components in their portfolios. Don't have a big mailing list? Partner up with someone who has tens and thousands of subscribers. Don't have the cash to fund production? Seek out someone who has some extra money to invest. Don't have an idea that can be profitably pursued? Seek out a creative soul beaming with novel concepts that are begging to be exploited.

Joint ventures help build your brand in the online marketing population. If you're an intermediate marketer who manages to enter a joint venture with a renowned guru, you'd be able to enjoy an instant boost to your status in the industry.

Joint ventures foster great relationships between marketers. The experience of having worked with each other can blossom into friendship and future partnerships.

There is no reason for an online marketer to refuse whatever helpful gift you could provide for a project. He may be a well established quality in the industry, and you're just a cub who's starting out, but you may possess something that he does not have, and this would make you a valuable part of the team.

The trick, really, is in knowing where to seek out some joint venture partners. If you have a great idea backed up by an equally amazing business plan, then finding willing partners would be easy, if you're looking for them in the right places.

Here's a tip. Join online business forums and start posting major messages. Be a helpful member of the society and build your character. Then publish a thread the calls for joint venture partners. Explain to your respondents what you have in mind, and chances are, they'll be more than interested to get started at the soonest possible time.

Joint ventures prove that in internet marketing, there is no such thing as lack of resources. What can lead to failure in this field is lack of thoughts.