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Examples In Joint Venture Marketing




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"Examples in Joint Venture Marketing" by GL Foltz



Do you take advantage of joint ventures? If not, you're leaving

a very powerful tool on the table.



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Joint ventures are partnerships formed for the purpose of the

mutual benefit of all parties involved. Joint venture marketing

can involve advertising but not *only* that. It isn't just

barter, it's much more than quid pro quo.



Joint venture marketing is sharing ideas, innovation and

complimentary resources and products.



Joint venture marketing isn't confined only to network

marketing... (though for network and multi-level marketing to be

legitimate, the concept of 'joint venture' must be central or

someone in the partnership isn't pulling their weight.) Joint

venture is all about creating opportunity and success. It is

mutual support. A joint venture is greater than the sum of it's

parts... which is what makes it such a powerful tool.



A business may struggle to succeed not because of what it does

well... the struggle might be a result of what it lacks.



For instance, Charlotte Advertser may excel at getting the word

out about her product or service, but she might have trouble

managing customer relationships. In this example, Charlotte's

business might have a long string of one-time sales -- but no

repeat customers to get her business established.



Charlotte must immediately either learn CRM (Customer

Relationship Management) or find someone like Chuck Followup

who's advertising skills aren't on the par of Charlotte's; but

who is awesome at creating lasting bonds with an existing

customer. Another plus for such a possible partnership between

the two businesses would be if their businesses compliment each

other.



That's one example of how a joint venture opportunity might

present itself. The possiblities are infinite.. limited only by

your imagination and creativity.



Take the case of Dave Coder. He eats, sleeps and breathes web

programming. He has done well with his web design business, but

has reached a plateau in acquiring new customers because of the

fierce competition in his field. One day he meets Joseph Upline

who has been trying to find ways to help his downline to recruit

effectively. Dave suggests that a custom info request form would

be an inexpensive and useful way for Joseph's downline members

to get more leads. Inspired; Joseph and Dave work out an

agreement where Dave offers his service to Joseph's down-line

for their websites. Dave and Joseph have now both addressed

their individual problems together... Dave has the new customers

he was looking for and Joseph has provided a way to get leads

for a much more active downline.



Joint ventures don't have to be limited to just two partners.



Beth Artistic, a luggage supplier, met Glenn Phraseturner, a

vacation planner. Beth and Glenn realized that they each had

businesses that compliment each other. The two were discussing a

simple cross-advertising venture: Beth offering her products to

Glenn's vacation clients and vice versa.



Enter Anne Golfpro (who happens to also sell a custom golfball

line on the side.) Anne has an online forum for her very large

niche clientelle (mostly clients [and their contacts] from the

private golf club where she serves as the club pro.) But Anne's

website doesn't generate much new business for her golfball

line.



Beth and Glenn offered their webdesign and copywriting skills

and in exchange Anne allowed them to market to her high number

of clients and forum visitors.



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1.) Luggage, vacations and golf complement each other,



2.) Anne gets a hugely effective website design to boost her

sales, *and* is able to offer her clients some value-added

offers from Beth and Glenn,



3.) Beth, Glenn and Anne share advertising to each other's

client database!



Creativity, innovation and opportunity are only as far away as

your next contact and are just a few of the benefits of joint

venture marketing.



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