Who To Go After As A Joint Venture Partner
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Who To Go After As A Joint Venture Partner

Go for the big fish first. Don?t waste your time going to a hundred companies that are the same size or smaller than you. If you land a big joint venture partner, it will overshadow the profit or the subscriber base you will find in a plethora of smaller ones. Don?t be intimidated.

Go for the big fish first. Don?t waste your time going to a hundred companies that are the same size or smaller than you. If you land a big joint venture partner, it will overshadow the profit or the subscriber base you will find in a plethora of smaller ones. Don?t be intimidated.

Most people are intimidated to submit a proposal to one on the internet giants.Because of this intimidation, many people do not try. By just sending a proposal to a big fish, you are stepping out from the crowd and you will be noticed for taking a chance.Go after a joint venture product that has a like product as yours. You wouldn?t want to sell fishing lures on a makeup site and vice versa.

Look at the big fish, but the big fish that have a  customer base that will match your market. If you take a fishing lure proposal to a make up company, you will be not only declined, but your integrity as a business man will be hurt. See what?s out there. Make a list of all the companies out there that are similar to your product or service. Don?t make it to big because you need to be able to keep control to who and where a proposal is going.

Once the list is made, put the companies in order from the biggest to the smallest. This can attained by the position they were in on the web page  you pulled up with your product keyword. The first five positions mean that someone knows how to put their products out there with the right keywords and has enough internet savvy to market. Contact the people at the top of your list first. You might want to make a daily goal and send out five to ten proposals a day. Don?t be discouraged if you get a negative reply or no reply at all. Keep plugging and soon you will find a joint venture partner worth waiting for.

Don?t just rely on the internet to find possible joint venture partners. The most successful unions have been met in a bar or golf course. Get out and network. Tell people what you are doing and what you want to do.

It is amazing how many people you will find with a like mind that will be able to appreciate and help you find a partner or have the things and skills you need to become a partner themselves. Casual acquaintances that become business partners have had a track record of being more successful than just professional business junctures.

Once you put out your proposals, you might find that it is accepted by more than just one partner. Great! You do not have to be exclusive and it is sometimes unwise to sign an exclusive agreement with anyone. If you have five or six offers and they look like they will be beneficial to your company,then take them. The more joint ventures you have the more customer base you will have.

You will have a chance to showcase a number of products on your sites that might lead to additional sales on yours. Think of ways you can incorporate your joint venture partners products with yours and with a little research and development, you and your partner could come up with a new product that both of you could feature.

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