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The 4 secret questions you must answer before seeking joint venture partners slideshare

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Joint venture partnerships are a very effective way to rapidly increase your sales and grow your business. However, if done the wrong way, this strategy will blow up in your face. There are a few ...

Joint venture partnerships are a very effective way to rapidly increase your sales and grow your business. However, if done the wrong way, this strategy will blow up in your face. There are a few simple steps you should take BEFORE seeking out any joint venture partners or strategic alliances. Here are 4 secrets to success in your joint venture partnership request:

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The 4 secret questions you must answer before seeking joint venture partners slideshare The 4 secret questions you must answer before seeking joint venture partners slideshare Presentation Transcript

  • Joint Ventures: The 4 Secret Questions You MUST Answer Before Seeking Joint Venture Partners http://www.IntrovertMarketingToolkit.com
  • To jumpstart a new (or relatively new) business: http://www.IntrovertMarketingToolkit.com
    • To jumpstart a new (or relatively new) business:
      • Look at forming strategic alliances and seeking joint ventures partners much sooner in your business growth plan
    http://www.IntrovertMarketingToolkit.com View slide
    • To jumpstart a new (or relatively new) business:
      • Look at forming strategic alliances and seeking joint ventures partners much sooner in your business growth plan
      • Ask more successful business owners to help you promote your site or to form an alliance where you both benefit
    http://www.IntrovertMarketingToolkit.com View slide
    • To jumpstart a new (or relatively new) business:
      • Look at forming strategic alliances and seeking joint ventures partners much sooner in your business growth plan
      • Ask more successful business owners to help you promote your site or to form an alliance where you both benefit
      • This is referred to as a joint venture
    http://www.IntrovertMarketingToolkit.com
  • Most joint venture requests are made: http://www.IntrovertMarketingToolkit.com
    • Most joint venture requests are made:
      • With absolutely no planning and no forethought
    http://www.IntrovertMarketingToolkit.com
    • Most joint venture requests are made:
      • With absolutely no planning and no forethought
      • Without doing his/her homework
    http://www.IntrovertMarketingToolkit.com
    • Most joint venture requests are made:
      • With absolutely no planning and no forethought
      • Without doing his/her homework
      • By presenting a very ill-conceived plan
    http://www.IntrovertMarketingToolkit.com
  • There are a few simple steps you should take BEFORE seeking out any joint venture partners or strategic alliances. http://www.IntrovertMarketingToolkit.com
  • Here are 4 secrets to success in your joint venture partnership request: http://www.IntrovertMarketingToolkit.com
  • Secret #1: Product ties into target market http://www.IntrovertMarketingToolkit.com
    • Your product should be related and useful to the target market of your JV partners
    Secret #1: Product ties into target market http://www.IntrovertMarketingToolkit.com
    • Your product should be related and useful to the target market of your JV partners
    • Your potential JV’s large mailing/email lists don’t matter if there is a mis-match between your product and the JV’s target market
    Secret #1: Product ties into target market http://www.IntrovertMarketingToolkit.com
  • For successful joint ventures, approach businesses who serve the same target market as you and who sell similar products. http://www.IntrovertMarketingToolkit.com
  • Secret #2: Reliable tracking software http://www.IntrovertMarketingToolkit.com
    • Secret #2: Reliable tracking software
      • Don’t offer manual tracking of affiliates – there is reliable and inexpensive software to help you track affiliate sales
    http://www.IntrovertMarketingToolkit.com
    • Secret #2: Reliable tracking software
      • Don’t offer manual tracking of affiliates – there is reliable and inexpensive software to help you track affiliate sales
      • Use reliable affiliate tracking software that provides a unique affiliate link and permits your affiliates to check on their affiliate commission sales at any time.
    http://www.IntrovertMarketingToolkit.com
    • Secret #2: Reliable tracking software
      • Don’t offer manual tracking of affiliates – there is reliable and inexpensive software to help you track affiliate sales
      • Use reliable affiliate tracking software that provides a unique affiliate link and permits your affiliates to check on their affiliate commission sales at any time.
      • Affiliate Software Recommendation: www.GetMoreClientsCart.com
    http://www.IntrovertMarketingToolkit.com
  • Secret #3: Offer worthwhile commissions http://www.IntrovertMarketingToolkit.com
    • Secret #3: Offer worthwhile commissions
      • Your product has to be priced high enough that the commission option will be worthwhile for your JV partner to promote
    http://www.IntrovertMarketingToolkit.com
    • Secret #3: Offer worthwhile commissions
      • Your product has to be priced high enough that the commission option will be worthwhile for your JV partner to promote
      • Offers of low price commissions don’t offer much incentive to potential JV partners
    http://www.IntrovertMarketingToolkit.com
    • Secret #3: Offer worthwhile commissions
      • Your product has to be priced high enough that the commission option will be worthwhile for your JV partner to promote
      • Offers of low price commissions don’t offer much incentive to potential JV partners
      • Check out the commissions that your potential JV partners are offering on their products and see how your offerings compare
    http://www.IntrovertMarketingToolkit.com
  • Secret #4: Conversion rates http://www.IntrovertMarketingToolkit.com
    • Secret #4: Conversion rates
      • Be able to answer the question, “What is the conversion rate of your sales letter?”
    http://www.IntrovertMarketingToolkit.com
    • Secret #4: Conversion rates
      • Be able to answer the question, “What is the conversion rate of your sales letter?”
      • Your JV partner doesn’t want to be the sales conversion guinea pig.
    http://www.IntrovertMarketingToolkit.com
    • Secret #4: Conversion rates
      • Be able to answer the question, “What is the conversion rate of your sales letter?”
      • Your JV partner doesn’t want to be the sales conversion guinea pig.
      • Know your conversion numbers before approaching anyone
    http://www.IntrovertMarketingToolkit.com
    • Secret #4: Conversion rates
      • Be able to answer the question, “What is the conversion rate of your sales letter?”
      • Your JV partner doesn’t want to be the sales conversion guinea pig.
      • Know your conversion numbers before approaching anyone
      • The higher your conversion rate, the more likely someone will accept your offer to joint venture
    http://www.IntrovertMarketingToolkit.com
  • Start first with JV partners with smaller lists. This will allow you to tweak and improve your sales letter page and thus increase your conversion ratio to better prepare you to make requests to more powerful JV partners. http://www.IntrovertMarketingToolkit.com
  • Joint venture partnerships are a very effective way to rapidly increase your sales and grow your business. http://www.IntrovertMarketingToolkit.com
  • Do your homework and get your plan in the place now so that you can add this strategy to your marketing arsenal. http://www.IntrovertMarketingToolkit.com
  • Learn the 9 Internet Marketing Secrets that Help Introverts Get More Clients (and Make More Sales) Than You Ever Thought Possible Without Sacrificing Your Introverted Soul! If you’re frustrated, confused, and think you’ll never be successful in getting clients online, you need to enroll in this free ecourse. http://www.IntrovertMarketingToolkit.com