Ecommerce Websites – Tool in Business Promotion Google Adsense : Principle of Passive Income Selling your book by Repurposing! Buy Levaquin FINDING GOOD MARKETING AGENCY How do I start an online auctions business How do I start an online auctions business? Tips on Web Design Introduce About POS software Improve Your Internet Marketing With Latest Ways zedaxis Improve Your Internet Marketing With Latest Ways! Introduce About POS software! How to Find Affordable Custom Web Site Design zed-axis "Tips on Web Design" Going the extra mile How to Find Affordable Custom Web Site Design! You Can Earn More Income with Google Adsense www15waystoboostwebsiteresponsecom
Menu
Newest Articles
Top Articles
RSS Feed
Submit Article
Login
Signup
Article Count : 286138


Search Articles

Articles Main Categories
Advice
Animals
Automobiles
Business
Career
Communications
Computer Programming
Computers
Entertainment
Environment
Family
Fashion
Finance
Food
Health & Medical
Home & Garden
Humor
Internet Business
Internet Marketing
Legal
Leisure & Recreation
Marketing
Other
Politics
Reference & Education
Religion
Self Improvement
Shopping
Sports
Technology & Science
Travel
Writing

Subscribe
Receive alert message from us when new articles submitted to our site for free.

Enter your name

Enter your email

Syndicate












Bookmark Us










eXTReMe Tracker
Our Partners
Free Articles


Home::Marketing

1-2-3 Steps To A Successful Joint Venture

Author : Habiba Abubakar
Views : 8

A successful joint venture marketing effort is the goal of many small businesses, and is a great way to increase market visibility and profits.

Joint venture marketing is rising in popularity everyday, but it does take some skill, good planning and foresight to execute. Here are the steps a business owner should take to be successful in this arena…

1.Write down your goals and desired outcome

Be sure to have specific, measurable and action-oriented goals for your joint venture, along with a realistic time frame for their execution. These should be written down and easily accessible so that you can refer to them when implementing your action plan.

2.Analyze the target market you want to reach

Begin by reviewing your current clientele, then choosing the clientele you want to attract. Analyze your target market for buying habits, marketing trends, etc. Brainstorm other products and services used by your target market and determine whether there’s synergy with what you offer.

3.Identify potential partners who already serve this clientele

Think of potential partners that have influence and credibility with your target market. Remember that your network of business associates, suppliers, family and friends may be a good fit or can introduce you to prospective partners. Create a list of potential partners that offer the best expansion opportunities, and have the most desirable client base.

4.Determine your joint venture format

Do you want to offer a profit sharing format, or a reciprocal arrangement, or both? If you choose to pay your partner a percentage of the profits, then you will pay them a specific amount or percentage for each new client they send your way. If you choose a reciprocal arrangement, then you will systematically send clients to each other. Think of something that is of high perceived value to offer the clients.

5.Determine your budget

It goes without saying that you should control costs from the beginning of a project. That means you need to sit down at the start and list every item that’s required to carry out the joint venture.

6.Create an action plan and implement it

Once you’ve listed your potential partners, create an action plan. This should detail the steps you’ll take to approach them and implement your joint venture project e.g. “I’ll contact Joe Bloggs of XYZ Corporation on July 15th.” To keep you focused, refer to your goals when creating and implementing your action plan. Also note that the details of your action plan will change depending on the pace at which the project goes.

7.Contact your partners and open the door for discussions

Make initial contact with your potential partners and set up a meeting. You can contact them by phone, snail mail or email, but phone remains the best contact method. At the meeting, keep your eyes and ears open to make sure the market fit is as good as you initially thought. Also, ensure that the “chemistry” is good between you and your prospective partners. Emphasize the benefits of your proposal.

8.Decide on either a contract or a hand shake deal

If you choose a contract, ensure that it specifies terms for review, and doesn’t lock you into any long term arrangement without specific criteria for profitability being met. If you choose a hand shake deal, be sure you trust your partner!

9.Launch your joint venture and test the results

Start small by doing a test run first. Write, print and send the endorsement letter and implement the tracking system. Make sure you’re equipped to handle the flood of new clients once you’ve set the joint venture into motion.

These steps are simple and easy to execute. If you follow them appropriately, you can look forward to having profitable, win-win joint venture projects! As with any marketing strategy, remember to test, tweak, track and review results until you find the best fit.

Copyright © 2005 by Habiba Abubakar and Emprez. All rights reserved.

Note: You are welcome to republish this article as long as the resource box at the end is included fully and unaltered.

About the Author

Joint venture specialist Habiba Abubakar, a.k.a. The Profit Diva, specializes in helping small business owners who are struggling to increase their client base and are tired of earning mediocre profits. To sign up for your FREE copy of her revealing Mini eCourse, “The Easiest Way To Skyrocket Your Profits In 90 Days Or Less,” and to receive other FREE marketing resources, visit http://www.profitdiva.com

Related articles


  1. What Are The Affiliate Marketing Basics?
  2. Make Money on MySpace & Resale Rights Profits!
  3. Blogging Tips Before Starting a Blog
  4. Article marketing- Effective Method of Marketing Your Website
  5. Effective Technique of Article Marketing
  6. Defined the Sticky-Marketing.com monthly magazine!
  7. Article Marketing Tools
  8. Tricks to Make Article Marketing Work Even Better
  9. Make Sense of Google AdSense and make money!
  10. Product Creation- The Best Anti Wrinkle Cream!
  11. Create Own Product earlier Than It Takes To Read the Article!
  12. Affiliate marketing is a great way to start in making money online.
  13. E-Book Marketing guide here!
  14. Quick Money From Article Marketing
  15. Advantages and Disadvantages of Internet Advertising
  16. Get More Profits In Article Marketing
  17. Secrets of Internet Marketing
  18. Affiliate Marketing: Tips to Make a Success of Internet Marketing.
  19. Article Marketing Campaign To Be A Success
  20. Online Campaign - 6 Tips to Execute a Winning Email Campaign
  21. How to Find the Correct tools for Internet Marketing.
  22. How You Can Join the E-book Revolution!
  23. Making money as an affiliate marketer is very real
  24. How do you generate targeted traffic?
  25. More About Article Marketing
Popular Articles
Latest Articles
· Purchase online subscription | Buy online Subscription
· 11 Proven Methods For Maximizing Your Business By Using The Magic Of Autoresponders
· Excellent Home based Christian Business Opportunities
· Green Giant Arborvitae - A Plant Superstar
· Choosing & Applying The Perfect Make-up Foundation
· GPR83: A Novel Treg Expressed Cell Surface Marker
· English in Malta
· Choosing A Domain Name Effectively
· Emerald Green Arborvitae for Lahaska Pa.
· Cool Tattoos
· Find Make Up Suppliers and Make-up Artists on Beautyfinder.co.uk
· Watch What You Say
· How You Can Create Advertising That SELLS!
· A Few Daylily Facts: Makes Growing Daylilies A Snap!
· Top 10 Questions and Answers on Atkins Diet
· "I Built a Better Mousetrap"-- Advice on Protecting Your Cre
· Is The End Near for The Computer Mouse in The Age of The Touch Screen?
· "8 Key Actions for Protecting Your Privacy Online"
· How Much Rent is Too Much Rent?
· Moving Your Business To The Next Level
· "Fruit Baskets" the most Unique Incredible Edible Gift Of Al
· "How to become more creative in three easy steps
· 10 Ways to Celebrate Memorial Day
· How To Become An Author, 5 Winning Strategies and Tips
· Get a Job in the Medical Field Without Going to School
· A Definition of Coaching
· Online Marketing Sunshine Coast - Leading search engine marketing company in Australia
· Fantasy Baseball - Why Traditional 5x5 leagues are outdated.
· Loan Origination System Goes Digital in The Electronic Age
· A little exercise is a healthy Weight Loss Plan
· Enterprise Search- the Key Element to Knowledge Management
· "5 Ways to Drastically Improve Your Resume in 10 Minutes
· 2006 * AVN Award Nominations * ( Adult Video News ) * Announced 11-23-2005
· 10 Tips For Being A Better Seller.
· Quiz: Are You Ready for a Roommate?
· Why Offshore Outsourcing to India?
· A Space Junk and Meteorite Hunting Site
· Benefits Of SEO
· How To Emotionally-Charge Your Sales Letters To Boost Sales
· Find Nail Salons, Nail Technicians & Training Courses
· " 8 Simple Ways to Defend Yourself Against Evil Doers Both O
· Are Your Backlinks True?
· Great Plains Sales Order Processing and Invoicing Modules – Tips For Consultants
· How to Dial Up a Recycling Solution for Your Cell Phone
· Use Article Marketing to Promote Your Website Effectively Writing Articles
· SearchJohn.com International Search Engine
· How Coaching Changes Lives
· Enhance Gardening With Hydroponics Breakthrough
· DUAL PANE WINDOW GLASS REPAIR
· Easy Credentialing due to Teacher Shortage
· Blogging Tips Before Starting a Blog
· Some Great Ways to market E-book!
· Museums In Jaipur
· Places of Tourist Attraction in India
· Museums In Agra
· Rajasthan Forts Palaces
· Tour To Goa
· Rajasthan Travel Guide
· Royal Rajasthan Holidays
· Restaurants in Agra
· Kerala Travel Tips
· Kerala Temples
· Kerala Houseboat Cruises
· Kerala Honeymoon Tour
· Kerala Beaches
· Freight Shipping
· Kerala Backwaters Tour
· Kerala Ayurveda
· Jaipur Travel Guide
· Jaipur Silver Jewellry
· Jaipur Handicrafts
· Hotels in Udaipur
· Hotels in Agra
· Hotels in Rajasthan
· Hotels in India
· How to Reach Kerala
· Rajasthan City Hotels
· Hotels in Kerala
· how to reach Rajasthan
· Jaipur Excursions
· Fairs and Festivals in Jaipur
· Hill Stations in Kerala
· Holy Places In Agra
· Goa Beaches
· Goa Temples
· Goa Waterfalls and Lakes
· Hotel in Jaipur
· Goa Tourist Attractions
· GoaCulture
· Gardens In Agra
· Christmas shopping
· Christmas Information
· Car Coach Rental In Rajasthan
· best time to visit Jaipur
· Cities in India
· Festival In Agra
· Forts and Palaces in Agra
· Kerala CityGuide
· Kerala Travel Guide
· best time to visit Jaipur


Related Feeds
LCA-Vision Names Michael J. Cele... ( CINCINNATI Nov. 21 /- LCA ...
... in November 2043 5DuPont Joint Venture with Chinese Biotech Firm Strengthens Gene Discovery Research Efforts 2040 1DuPont Joint Venture with Chinese Biotech Firm Strengthens Gene Discovery Research Efforts 2040 2DuPont Joint Venture ...

Initial Survey Findings on Diabetes Awareness Released by ...
9. New model predicts whether patients will be free of renal cancer 12 years after initial treatment 10. Medipacs Initial Financing 11. Innolife Pharma Provides Initial Update on Negotiations for Significant Product Joint Venture ...

STAAR Surgical Forms Team of Leading Ophthalmic Surgeons to Study ...
STAAR Surgical Completes $5M Debt Financing for Purchase of Japanese Joint Venture 8. STAAR Surgical to Present at the Tenth Annual Needham Growth Conference 9. STAAR Surgical Announces Fourth Quarter and Full Year 2007 Earnings Release ...

[QUES] 32.52% CTR bad or good? - Black Hat Forum
... Clickbank, Commission Junction, Other Affiliate Programs, Business & Tax Advice, Craigslist & Other Classified Ads Sites, CPA, Dropshipping & Wholesale Hookups, Ebay, Email Marketing and Opt-In Lists, Joint Ventures, Making Money ...

Permanent International Healthcare Marketplace and Education ...
World Product Centre, as the project is known, has signed an agreement with Extell Development Company, a nationally acclaimed real estate developer, and formed a joint marketing company with GNYHA Ventures, a leading healthcare ...

You don't know tech: The InfoWorld news quiz and answer key | The ...
Google just pulled the plug on one of its less successful ventures. Which one? a. Google Message Security. b. Google Lively. c. Google Finance. d. Google Knol. 10. Take the revenue Mozilla Organization generated in 2007 and multiply by ...

Jane Hamsher: Chinese Want To Buy the Big 3 Automakers
The brand cachet of Chinese cars abroad is, shall we say, challenged. The Chinese could easily export Made-in-China VWs, Toyotas, Buicks. If their joint venture partner would let them. The solution: Buy the joint venture partner. ...

ORNL supercomputer simulation wins prize for fastest-running ...
...logy at the Public University of Navarre, Antonio ...ional project to sequence the genome of the oyster...f scientists from nineteen universities and resear...the United States. , The project, chosen from amo...ion of the Joint ...

Silobreaker: Russian parliament approves extension of presidential ...
The Indian and Russian navies will conduct joint exercises in the Indian Ocean in January, the spokesman for Russia's Pacific Fleet Capt Roman Martov said today. ''A task force from the Pacific Fleet, led by the Varyag missile cruiser, ...

Derek Shearer: The Shout Heard Round the World: Obama as Global Leader
Obama can be a successful foreign policy president simply by returning to the methods that worked so well (especially for the US) in the past. First among them, is taking the lead in treaty-drafting and the creation of an international ...

© 2007 acceptarticles.com - All Rights Reserved