How To Set Up Joint Ventures?

Posted on 06. Dec, 2011 by Kelly Brown in Marketing, Online Marketing

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 package together, or some can be short-term, like
trading products and services.

Why Should Joint Ventures Be a MAJOR Part of Your Marketing?

Joint Ventures are my favorite way to build businesses, Why? Because they are
Diverse, Duplicatable, You Can Get Really Creative, Fun, Easy to Implement and
They Yield RESULTS.

What You Must Have To Properly Put Together a Joint Venture-

An Attractive Offer, Best if you receive 100% of the profits
Proven Results and Conversions
Password Protected Unique Tracking for your Partners to see their
Results in Real Time. (If you don’t have access to this,
take a look at the P.S in this post, maybe I can help you)

How To Set Up JV Partners

PART ONE- Finding Partners

Set up a 2 specific documents on your computer
Online JV Partners/Offline JV Partners for all of
your research (Here is a Sample Document).
Get a small notebook that you carry with you at all times.
(Once you start this process, you are going to look at places
and things very different from this point on).
Start the creative process. First, you want to think about
where your prospects are.
1. What sites are they on
2. Where do the Shop
3. Where do they live
4. Where do they drive
5. Etc…
Start searching online using Google/Yahoo & Bing for
keywords that are specific to your ninch. My niche is
Internet Marketing. So I would go to each search engine and type in
1. Internet Marketing
2. Internet Marketing + Forum/s
3. Internet Marketing + blog/s
4. Internet Marketers
5. I would copy and paste all the websites URL and
  owner of the site contact information into my document
  that I created earlier. (The sites must be privately owned)
Offline Research- Think about where your prospects are?
Here are just a few examples to get your creative juices flowing.
1. Lunch Trucks that drive on busy roads- You can order a
  sign to hang on the lunch truck and craft a special offer that
  commuters will see. Example- Hate sitting in this traffic,
  Go To Www.OccupyYourFutureNow.com & NEVER sit in Traffic again.
2. Talk to your local pizza places and create a flyer to be handed
  out with every pizza.
3. High End Wine Stores
4. Gourmet Deli’s
5. Auto Repair Places
6. This is really an endless list
7. Be Creative
VERY IMPORTANT- Do not get hung up on doing Too MUCH research.
Once you get 15 contacts, Then move onto the next step.
You will always be adding to your list.

Part Two- Approaching and Crafting an Offer

So, Now you know who you are going to approach to partner with.

Analyze your cost and offer the highest percentage you can to your
potential JV partners. I would recommend 55%-70%, higher if you
receive upsells or residuals. (I am able to offer my Partner 95% of the
initial sale because I receive 100% profits (This is the key) my product
converts at 40% to the next upsell, plus I receive residuals.
Here is a sample proposal for you to customize and start sending out asap.
Subject line-” FIRSTNAME – A Joint Venture Opportunity
For Your Consideration”. Always personalize what you can, so it comes
across genuine.
Again get creative when sending the proposal, send an email, send a
video and/or a text message. You can see if you can find them on a social
networking site like Facebook, Linkedin, Twitter, etc and then send them
the content that way. This will really make you stand out and create a
very interesting offer. (Don’t over complicate this, a quick screen capture
video reading your proposal and showing them the website). If you are
not comfortable with that just send an email.
That is it!!! Get them a unique link and customized marketing material
so they can start advertising for you for FREE. It really doesn’t get any
easier this this.

NOTE** Make sure you don’t send the sample product with the proposal.
Let them raise their hand first, then you can send it to them.

Still Need Help?

I am just a phone call away 631.328.4291 or e-mail me at
info.kellybrown@gmail.com to set up a phone call to see if any
of my products or programs are right for you/your business.

P.S. Love this marketing technique, But need the perfect
program to promote to JV Partners.
Here you go this is what I use….. http://www.occupyyourfuturenow.com/

This works great!!~!

Look forward to your comments and hearing your results:)

One Response to “How To Set Up Joint Ventures?”

Martin Kruse

28. Apr, 2012

Good stuff. I can see the sky is the limit on joint venture ideas. Thanks

Kelly Brown