Joint ventures aka partnerships, involve using the resources of you and someone else for a common outcome. A good example of this would be FedEx Kinkos or Dunkin’ Donuts and Baskin Robbins. You're joint ventures won't be that big, but you get the point.
How Joint Ventures Make MLM Easier
A joint venture can assist you in buidling your MLM team much more easily. You will be using the list and resources of a well established advertiser or marketer to promote your particular mesage to their members that will also benefit the advertiser.
Keep in mind that your joint ventures always have to create a win/win situation. Always put yourself in your partner's shoes. What will your partner receive from this joint venture? How will it benefit them? Is your offer going to conflict with their objectives? Will your joint venture proposal be beneficial to their customers and subscribers?
How To Propose A Joint Venture
Before you start, make sure you have everything in order. Think long and hard about what you want to accomplish. You want to sponsor more members into your downline and get more product sold right? Of course you do. So how are you going to propose this joint venture to a potential prospect?
There Are Two Options:
1. You will pay this prospect for them to promote your message.
or
2. You pay a percentage of each commission you earn to your partner.
Always keep in mind that you want to benefit your joint venture partner. You want to access their resources and they are well aware of this. You will be required to create an offer that is good for both parties.
So…
Where You Can Find Joint Venture Partners
Since you are going to do this primarily online let’s look at some options:
1. Forums- Look for forums that deal exclusively with your niche market. (it’s as simple as going on a search engine and typing in your niche market and the word ‘forum’) More than likely you will have people posting in the forums that are looking for joint venture deals. The important thing to remember in these forums is to provide value and content before you present your joint venture deals. Forum administrators and members absolutely hate spam so don't do it.
2. Type in keyword terms in search engines to find people who match your target market. Subscribe to them or their newsletters and find out through their emails if they would be a good fit to partner with.
3. Find potential partners in social media communities like Facebook and Twitter. These communities typically have forums and group discussions where you can find potential prospects.
4. Check out classified web sites.
5. Radio (non internet). Send out proposals to radio stations. For each sale you make you can pay a cut to the radio station.
6. Perform a search on your target market at Alexa.com. A list of web sites will come up that relate to your search. Check out each website and see if they are a good fit. Most of the time you see advertising info on the top right hand site or bottom right hand side of the web site.
Some Recommended Guidelines To Follow
1. Keep your joint ventures professional and to the point.
2. Always think about the benefit your joint venture partner will be receiving first.
3. Remain consistent. Joint ventures are by far the easiest and fastest way to grow your business, but they require work initially. Once you build some momentum you will see a flurry of partnerships available to you.
4. Be sure to treat your business just like a business. From your joint venture proposals and other marketing methods it is important to think and act like a business person. Only in this way will you get the results you desire. Also, remember that if you don't come off as a business professional no one is going to take you seriously.
The best thing about joint ventures in MLM is that joint ventures are absolutely free! But you will never get them to work unless you follow the guidelines outlined in this article. Follow the advice and best of luck to you.
Author Resource:-
Joey Fratantoni is an expert online network marketer and shows others how to joint venture in MLM. Click here to learn how you can work with Joey and use the same exact system to generate 25-50 leads per day for your business.
![[Valid RSS feed]](http://www.netarticleshack.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
