|
|
Like this article? PLEASE +1 it! |  |
|
Top Ten Ways for an Entrepreneur to Improve Joint Venture Success
| Guest post by: Patricia Weber |
Article Overview: While National Entrepreneurship Week falls in the last week of February in the USA, and the rest of the world who celebrates it, does so in November. This year may find the timing ripe to have entrepreneurs save economies around with the world, with joint ventures. Whether it's labeled joint venture, partnering, collaboration or cross-promotion, here are ten ways to get started:
 |
Free Download - Top Ten Feeble Follow-up Attempts to Fathom By Patricia Weber |
Top Ten Ways for an Entrepreneur to Improve Joint Venture Success
While National Entrepreneurship Week falls in the last week of
February in the USA, and the rest of the world who celebrates it, does
so in November. This year may find the timing ripe to have
entrepreneurs save economies around with the world, with joint
ventures. Whether it's labeled joint venture, partnering, collaboration
or cross-promotion, here are ten ways to get started:
1. Start
out with a paper and pencil task, or use your word processing program.
Give thought to, and write down, all the characteristics you want in
your ideal joint venture partner. This will help guide your decision to
partner or not as you begin to attract people whom also want joint
venture partners.
2. If you are doing business online, you could
dip your toes in and find someone with a blog about a similar topic.
Then contact that person and ask about exchanging a guest blog post and
include links to each other's websites in the post. A blog is an ideal
central point for getting someone found and when you leverage this with
cross-promotion it can have a compound affect.
3. If your
business is more often conducted face-to-face in the brick and mortar
world, visit people who you know would have a similar target customer.
Find mutually agreeable ways to help promote each other where both
benefit. For example, a dentist and an artist: the dentist could offer
the artist's services with a display in their offices. The artist could
offer the dentist services with coupons attached to any portrait kind
of pictures, to go along with the smiles.
4. Back to online
business, grab another piece of paper and pencil, or use your word
processor. Look in the online networking venue or venues you enjoy the
most. Find people who you are already connected with in these who might
be talking to a similar audience. Write down their names and their
product or service.
5. With this targeted list of possible
collaborative partners, in the list you just created, email each with
either an introduction or a re-introduction. Find out if they are
considering any collaborating now or in the future. Move the
conversation forward from there.
6. Communication is crucial to
choose the right partner. Your entrepreneurial style may be to move
from one idea to the next fairly quickly. Be certain to focus on the
importance of in-depth conversation, as it's this conversation that
will help you understand shared values, goals and vision.
7.
Collaborating is not a substitute for success if you are not finding
success in your own business. As an entrepreneur a collaboration will
be - one other idea for you to take your ideas and energy into.
8.
You may have disparate goals than your partner. Your goals may be for a
larger amount of revenue, your partners for a part time income.
Contemplate and decide how you will work with this.
9. A benefit of a joint venture relationship is the shared risk. Accept that the risk is just as normal as other risks you take.
10.
If you are starry eyed with the joint venture possibility, be sure that
you keep those stars shining by putting an exit strategy in place. What
happens if things don't go as planned is something to take care of in
pre-planning for success not in the heat of frustration.
Joint Venture
Why Should You and Your Business be In a Joint Venture Club
Finding Joint Venture Partners Just Got Easy
Top 10 Tips To Having A Successful Joint Venture
Funding Resources
Lucrative Joint Venture Questions
Joint Venture Power
How To Propose A Joint Venture
Joint Ventures - Don't "SELL" it!
Where To Find Joint Venture Internet Business Ideas
How to Develop Your Small Business: 3 Overlooked Strategies
Joint Venture and NonDisclosure Agreements
Advantages and Disadvantages of Joint Venture
Joint Ventures - Whom to Deal With?
Understanding the Different Types of Joint Ventures
Writing a Partnership Agreement for Joint Ventures
Proposing Joint Ventures
Consider International Joint Ventures
Joint Ventures - How Much to Charge
How do I Innovate My Business to Grow My Business Without Increasing Costs
|
About the Author: Patricia Weber RSS for Patricia's articles - Visit Patricia's website Click here to visit Patricia's website   Sales Reluctance In Any Part of Selling Sales Tip Stupendous Sales Results Accent Tremendous Value and Avoid Horrendous and Hazardous Actions Sales Training Salespeople and Their Refined Communications Sales Training Top Ten Departed Traits for Winning Sales Introvert Myth Introvert and Extrovert Are Only Nouns |
Related Forum Posts
Re: [JOINT VENTURE] Want FREE Staff? Want to Scale Up Massively?
- [quote="Joint Venture":3738ldxh][quote="Ringo":3738ldxh]1) Credentials? Any website? Any client list?
2) Where do you get your staff from? How?
I mean if i really am going to hand over a lot of sensitive information to be handled by staff of your choosing, I'll need to know how you operate with total transparency.[/quote:3738ldxh]
Ringo,
1) Send me an email with your proposal and if I like it I shall disclose all that your need.
2) That's my USP!
Total transparency is a must when JVing with someone. Let me know your proposal and we may discuss it. In regards to staff dealing with your sensitive information, compartmentalize the data. Have different teams deal with only a section of the whole picture.
[quote="ideasuniversity":3738ldxh]How long have you been doing this? And what are your success rate?[/quote:3738ldxh]
Joint venturing? I have done JVs before and had good success. This JV? Brand new. New source of staff. Success rate? I've made a good bit money!
[quote="Trent Brownrigg":3738ldxh]This same person posted this exact same post several times at another forum I moderate. Now, he is posting it here as his very first post. I consider that to be a spammer![/quote:3738ldxh]
I consider it being proactive! Sorry if I have stepped on anyone's toes. Not my intentions.
Look forward to reading more of your emails,
Alan[/quote:3738ldxh]
Let have your website.
Re: [JOINT VENTURE] Want FREE Staff? Want to Scale Up Massively?
- Hi Alan,
Welcome to the forum!
[quote="Joint Venture":2bfdqwzb]Total transparency is a must when JVing with someone.[/quote:2bfdqwzb]
What about when inviting people to send you their proposals...?
Cheers,
David H
Don't leave your Wallet on the table
- Targetzone,
Evan has great points on targeting you package. Also I read the revenue model you mentioned and i believe you are leaving a lot of money on the table.
Aisde from making just $15/sale of a package you could also be making income from sales generated after the people use the coupon on their second and ongoing visits to the Service/Product company.
I've sent you a PM - We can talk more advanced strategies.
BTW - I'm a Dollarmakers Member and have taken the Joint Venture BootCamp 101 and highly recommend it if you wish to pursue this idea. PM me privately and we can talk.
Re: need a capitalist to hear me out
- If you have solid business plan, there are thousands of Angel Investors and Venture Capitalists that will fund your project. Google "Venture Capitalist" and you will get tons of investors who are ready to fund your project
Re: [JOINT VENTURE] Want FREE Staff? Want to Scale Up Massively?
- [quote="Joint Venture":1ofoz1sm]
[quote="Trent Brownrigg":1ofoz1sm]This same person posted this exact same post several times at another forum I moderate. Now, he is posting it here as his very first post. I consider that to be a spammer![/quote:1ofoz1sm]
I consider it being proactive! Sorry if I have stepped on anyone's toes. Not my intentions.
Look forward to reading more of your emails,
Alan[/quote:1ofoz1sm]
Well, I will give you credit for at least coming back here and replying. But just an fyi that you will be seen as a spammer if you post the same thing on a bunch of different forums, especially if you post it more than once on any one forum. You should be careful about that because a lot of people are members of the same forums.
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
by: Leanne Hoagland-Smith, Chicago Sales Coach
Build Your List with Joint Venture Giveaway Events
May 2012 Top 100 Social Media Experts to Follow on Twitter
What to measure to be phenomenally successful in business
10 mistakes of media relations
Making Money Blogging Can Be Tons Of Fun 
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Ten Reasons to take Notes during Sales Meetings
Resolving A Conflict Between Two Sales Staffs
How to Find a Niche and Make Money Online
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.