If you have an online business, a joint venture partnership will mutually benefit both you and your partner in business. It does not matter if it is with a non-competitor or with a competitor; it will surely be rewarding and beneficial for both. It provides you with the opportunities and income that you would have missed out on if you were on your own. In a joint venture, you are able to develop your marketing skills, gain access to more sources and information needed for your business, and most of all get a hold of markets and areas that would have been inaccessible and unattainable without your partners and team members. This would allow your online business to grow even more.
Joining other complementary web sites also gives you the opportunity to advertise and sell your products and services on your partner’s website. There are actually a lot more marketing opportunities in a joint venture partnership. One great thing about it is that it will not involve any charges or expenditure. It may even cost nothing to you at all.
If you have made up your mind to have a joint venture partnership, the first thing you should do is plan your goals. Goal planning is an essential path to success. It will help you keep track of your business and help you see if you are really progressing. After goal planning, you can start searching for ideal, dependable, and reputable websites for your proposal. Always remember to research websites and companies thoroughly so you will be able to choose the best company that suits you. Also know what they are most likely looking for. Take time to read their mission, vision, and goal statements so you will be familiarized with the company’s way of thinking and making decisions.
After you have made up your list of prospects, it is time to make a joint venture partnership proposal. It should be formal and devoid of any fancy wordings. After all, it only means one thing-to make a deal. Brief proposals that lead you directly to the point are more successful and more likely to bring positive results. Avoid stereotypical proposals that consist of hundreds of pages of technical jargon and fancy words. These proposals are almost always ignored. Make it simple, because the people who will be reading it are very busy businessmen and women, and they should not be bothered with long, wordy citations. Also, be aware of what might capture their interest. Make your proposal irresistible and very tempting in a way that they will find it hard to say no.
When your prospects read your proposal, they would all be thinking of one thing. It does not matter who your target partner is, the same question would be present in their minds-what are the benefits that they would be getting from you? This would mean that the main focus of your proposal should be the benefits that you are willing to give your partner websites if they agree to it. Your offer should be relevant and should give assurance that your offer is highly beneficial. But remember that each of your prospects deserves a different proposal based on what is important for them, so what may be beneficial to one company may be a totally different thing for the other.
When writing all these, adopt a friendly and personal touch to your proposal. This is one way of building rapport with your prospects. Once trust is earned, you are sure to reap great benefits.
In sending your proposal, send it as a hard copy via couriers like FedEx to make a good impression. Emails are very informal and can easily be ignored, sent to spam, or deleted and eventually forgotten. You may also want to add a hint of urgency but never be bossy and unrealistic.
With the right proposal and techniques, you will surely benefit from joint venture partnerships. Although it takes time and effort in gaining the trust of your partners, all your efforts will not go to waste. You will surely be earning the fruits of your hard work-a truly rewarding business in terms of time, income, and relationships.
