Bob's Home Business Blog

Joint venture arrangements with other, more experienced, Internet marketers is a great way for new home business owners online to get established quickly by building their email list and making sales. However, sometimes getting someone to agree to this arrangement can be easier said than done and this can turn into a long, drawn out process. So how can you expedite the procedure so you can get accepted for one of these contracts much sooner rather than later or, not at all?

There are several guidelines you should follow which should increase the possibility that you and your Internet enterprise will soon be working with well established and successful business people online.

1. When you approach your potential partners you must do so with an attractive offer so they’ll at least take the time to consider your proposal before making a decision one way or the other.

You should always over deliver in terms of what you’ll give the other business owner for access to their email list because, after all, you’re the new kid on the block and you should always keep that in mind during the process. Of course you should always be respectful and courteous throughout and always be patient and never force the issue.

2. It may take some time before you find someone to agree to your proposal so you shouldn’t become discouraged when you receive a negative response, because you are going to get them. When someone does refuse, if possible, ask why they couldn’t agree to the arrangement and when you find out why then you should consider revising your offer before approaching another possible partner.

3. Make sure you’re clear and concise about what you’re offering to your potential joint venture partner so they’ll understand exactly what they’re going to receive in exchange for access to their customer list. You have to remember they’re giving up a lot and understandably they will be hesitant to turn their clients over to a complete stranger without receiving something very special in return.

4. One final tip would be not to appear too anxious and risk the chance of being taken advantage of by giving up too much for the agreement to happen. You should always keep in mind why you want this arrangement and what you really need for it to take place.

You should never lose sight of your long term goals by sacrificing them for short term gain. Always approach these people with the confidence of a successful home business owner who knows what she wants but also respects the position of their potential partner.

If you follow these suggestions while remaining consistent and persistent you should find the joint venture partners you need to help promote your home business online.

Bob Withers

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Every experienced Internet marketer will tell you: “The money is in the list” and of course they would be correct. Building a large, targeted and therefore highly responsive email list of prospective clients and current customers is the fastest way to achieving the success you’re looking for online with your home based business. And the quickest way to create this directory of loyal subscribers is by participating in joint venture giveaways.

These gift giving events can involve any where from several to several hundred Internet marketers who all have contributed freebies for the online happening. Everyone involved agrees to promote the event so they can attract as many prospects as possible to help them build their lists. The best way to get people to subscribe is to give away a fantastic gift that your potential customers need and want.

Some of the most effective Internet marketing presents, to help entice people to give you their contact information, have proven to be traffic generating products and list building strategies. Most people just starting out online with their Internet marketing career can see the value in attracting targeted traffic to their product offer as well as how a huge email list of responsive buyers will benefit their home business for years to come.

The best way to achieve success with your JV giveaway is to fiercely promote it so you can get the referrals you need to gain the exposure your product page will need to build your list. These events are usually based on a ranking system so that the Internet marketers who refer the most people get the most eye balls on their freebies thereby getting more subscribers to their list.

Sometimes if you’re having difficulty getting people to go to the event you can upgrade your status by paying a fee thereby getting more visitors to your product page and more subscribers to your list. You can actually attract members from other marketer’s lists because they promote the event to their subscribers who, as a result, will also see your freebie’s page and may sign up to your list.

JV giveaways are a very cost effective way to build a targeted list of sometimes hundreds of new members because all you have to do is provide your gift, promote the event and wait for your new members to sign up. However, there is a downside to participating in these partnerships.

By promoting these events to your list you’re exposing your subscribers to many other Internet marketers therefore you run the risk of diluting your response rate if these people join too many other lists during the event.

Overall joint venture giveaway events are an excellent technique to use to help build your email list of targeted buyers and can be very effective for anyone just starting out online with their home based business.

Bob Withers

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When you’re just starting out online with a home based business you may need help getting your Internet enterprise noticed on the web and help building your email list. As we all know the money is in the list and without a targeted, responsive directory of subscribers it may be difficult to generate sales of your product or service.

One solution to this problem can be to enter into a joint venture agreement with someone with a related product or service. Putting it simply you give another online business owner what she needs in exchange for traffic from her list.

In other words you’re given permission to advertise your product or service to her subscribers in exchange for some help she may need with her home venture. Bearing this in mind here are 5 tips for approaching established Internet marketers with a joint venture proposal:

1. Before calling or emailing, although I recommend calling, try to establish a relationship with your potential partner. You can accomplish this in one of several ways including leaving posts on their blog on a regular basis so they’ll recognize your name when you do call.

Of course these comments should be very positive and directed toward the owner and her business. You can also follow her on twitter and send tweets on a regular basis to help form the affiliation you want or you could purchase her product and contact her via customer service with questions about the merchandise.

One danger you must avoid is being overly friendly which may give the impression that you’re only interested because of what they can do for you and not because you like them. This will torpedo your efforts and you’ll be back at the beginning and looking for someone else with which to join forces.

2. Without being too transparent try to find out from the owner if there’s anything their business needs that you may be able to provide. You may be able to find this out by requesting an interview to place on your website to help you drive traffic. If they need something that you can provide then you have your chance to approach them with your proposal.

3. Another approach would be to offer your help while asking for nothing in return. This should make an impression on the owner and help you get what you need. If they’re involved in a special promotion or product development strategy call and offer to provide your expertise. Eventually this strategy should give you the opportunity to bring up your plan.

4. When you finally have a chance to pose your suggestion always explain how they’ll benefit by agreeing to give you access to their email list. After all they’ll be doing you a big favor by helping you jump start your online home business however this agreement shouldn’t give that impression because both parties should benefit equally.

5. Finally, you should have more than one proposal ready to offer just in case your first one is rejected. However, there’s a fine line between being persistent and appearing to be desperate so you shouldn’t compromise your respectability just to get what you want.

When approaching other Internet marketers with the intention of forming joint venture agreements try to keep these guidelines in mind and before you know it your online home based business will be on the road to Internet success.

Bob Withers

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Giveaway events are all the rage online these days with Internet marketers and there are several reasons for this including the big one which is, it’s a great way to generate leads while helping to build your email list. We all know “the money is in the list” and the reason why this Internet marketing adage is so true is because you can make a fortune with a targeted, responsive email list.

There are many different strategies available online to help you build your list but one of the fastest ways to add names to your directory is to host your own joint venture giveaway. For the uninitiated, this is an event where you invite as many other Internet marketers as you wish to participate by providing gifts for the showcase as well as by promoting it at every opportunity. This way everyone who contributes freebies for the giveaway has the opportunity to add names to their email list.

The key to running a successful event is to giveaway a tremendous gift which has lots of value for the recipient. For example, for the Internet marketing niche you could provide a course on how to drive massive amounts of traffic to your website. Generating visitors to their home page is a major concern for most Internet marketers so this type of gift should produce a lot of interest and draw the numbers you need to help build your responsive list.

These affairs usually have a ranking system in place whereby if you who drive the largest number of subscribers to the event your gift page will receive more traffic and your email list will attract the largest number of subscribers. In most cases if this doesn’t happen you can always buy your way to the top by paying a fee to boost your ranking which can help you grow your list and eventually will help you make more money.

Another big advantage of participating in giveaways is the reward you receive for the amount of work involved. Simply by providing a gift and promoting the affair you can get hundreds of new targeted prospects added to your email list. However ,there is a drawback involved with participating in one of these events.

When you promote the giveaway to your current list you’re taking the chance that they will join several other email lists belonging to your competition. This could result in lost future earnings from these members because they may find a new supplier who they believe can meet their needs better than you can.

One way around this is to keep your list away from these giveaways by promoting the free-for-all via other means in order to attract new people to the event while keeping your list to yourself. There are several very attractive gifts you could use to lure people to your Internet marketing email list including a free report which you can write yourself related to a particular niche topic such as list building. Reports are always effective because they are easy to download and they’re usually about a subject we can all relate to and most often need help with.

Video packages are also very popular with aspiring Internet marketers because the vast majority of people seem to be visual learners and video seems to hold people’s attention longer than reading an e-book, for example. Audio CD’s can also tempt people to part with their contact information because, as with video, people seem to enjoy listening to instructions or information more so than reading about it.

After weighing the pros and cons of joint venture giveaways you can make your own informed decision as to whether or not they are worth the effort in terms of helping to add to your targeted email list. In this author’s opinion they are and you should seriously consider adding this technique to your Internet marketing and list building strategy.

Bob Withers

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If you’ve just created your home based business online and you’re trying to get established and create some credibility for you and your new enterprise one of the best ways to accomplish this is by developing a joint venture opportunity with another business on the web.

First of all, for the uninitiated, what is a joint venture? “A joint venture is an agreement entered into between two or more businesses to develop a new product or to create a project while sharing all the expense and dividing all the profits equally. Joint ventures can be long-term in nature or short-term and can include such activities as: product creation, product promotion and bartering or trading products and services.”

These business arrangements can be very beneficial to older more well established enterprises as well as to newer ventures trying to create a foot hold in their particular market or niche. Here are several ways your online home business could prosper as a result of entering into a joint venture agreement:

1. If you’re feeling the pinch financially speaking and you’re looking for ways to cut costs then a joint venture opportunity will help you achieve this goal. For example, you can take advantage of the existing infrastructure of your business partner by using their established professional Internet marketers or copy writers which will greatly cut your expenses in these areas of expertise. Also, because all costs are divided equally you will pay only half of what you would have paid by taking on this project single handedly.

2. If your business is relativley new you can enhance your profile by teaming up with a well established, successful and well known enterprise on the Internet. By associating with successful people online both you and your business will soon be viewed in the same light as your venture partner which will help positively influence your potential customers when it’s time for them to make a buying decision.

3. Joint venture arrangements are also a great way to enhance your customer base and to build your email list of potential customers. Because you will be promoting your product jointly with your partner you will have access to his or her email list for advertising purposes which can only serve to increase the size of your email directory of interested parties some of which will become paying clients of your home business.

4. By entering into agreements with more successul and more well known enterpreneurs online you’re presented with the opportunity to learn and build on your existing skill set.

For example, if traffic generation is a weakness of your’s then you can ask for advice and tips from your venture partner on how to bring as many prospective customers to your website as they do to their home page. In return you could provide some information and advice regarding a strong point of your Internet marketing skill set.

5. Creating successful joint venture opportunities can help you establish long term business relationships with many other successful enterprises on the web. This can only benefit you finanacially in the long term because of the many other projects you can develop with these entrepreneurs.

6. These types of business agreements can help you get over the financial hump, so to speak, during times of slow economic growth in the country. Because these joint venture arrangements help you cut costs while expanding your market you can increase your sales and profits when times are tough economically speaking.

7. Successful joint venture arrangements have been known to make their participants huge sums of money thereby making them finanacially independent and wealthy. Even if one such venture doesn’t make you the money you were hoping it would, by continuing these arrangements with other enterprises you could possible string together a series of prosperous agreements resulting in untold profits for your business.

8. These business relationships are a tremendous way to beat your competition. Because you’re decreasing your costs and increasing your exposure to a targeted market your competition will find it difficult to match your success unless they increase their expenditures drastically. Not being affilaited with a partner who shares in all of their costs will be a definite drawback when trying to keep pace with your enterprise.

9. These opportunities allow you to create new products faster with less work thereby allowing you to get to the market more quickly. This allows you to get a jump on your competition so you can lay claim to a larger share of your target market and increase your sales and profits.

10. Because you’re producing your products more quickly and at a lower cost you can pass some of these savings on to your potential customers by offering cheaper prices thereby under cutting your competitors. Other businesses will find it difficult to compete on price because of your lower production and advertising costs which will make your business a leader in your niche.

Forming a joint venture can be a winning proposition for all of the parties involved when it’s developed and applied in the correct manner and when all participants have the same goals and share the same passion about wanting it to succeed. These type of business arrangements offer a great opportunity for any home based business online to become well known and very successful much faster than going it alone on the web.

Bob Withers

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Internet marketers and home business owners alike are always looking for new ways to generate income from their online ventures. One of the most effective and fastest techniques for producing results is forming joint venture opportunities with other similar enterprises on the web.

For the uninitiated an online joint venture is a partnership formed between two or more businesses on the web who agree to enter into a mutually beneficial business arrangement. The goal of joint venture relationships can be different but the point is to profit together. All parties involved share in the cost and the revenue generated from the venture.

There are several reasons why businesses enter into joint venture relationships other than the opportunity to increase profits for everyone involved. First of all your enterprise grows immediately as a result of the arrangement because of the additional manpower, customer base and infrastructure including capital investment supplied by the other parties involved. These agreements also reduce your risk of loss because it’s shared equally by all involved in the contract. However more often than not these business arrangements usually produce a positive result for everyone involved.

There are many approaches you can take to forming such ventures with other similar home businesses online including these 5 very effective joint enterprise arrangements:

1. Make an arrangement with another owner whereby each of you will market to the other’s email list thereby increasing your market base and as a result increase your profits exponentially. As a result of this agreement each party should add to their customer and potential client list which should lead to more sales even after the venture is complete.

2. Agree to a banner exchange or ad swap program with another home business which will expose your offer to much more traffic online which should also increase your coffers and the size of your list. After all the money is in the list and this tactic will allow you to advertise to and entice your new subscribers for many years to come.

3. Create a joint product offer with another enterprise by combining one of your slower moving products with one of theirs to make them more tempting or attractive to potential customers. If this proposal is promoted effectively it will provide two benefits for each webmaster; both owners will dispose of slower moving inventory as well as increase their profit margin by splitting the revenue.

4. Plan a giveaway event with other business owners on the web and make available any of your freebies such as software or e-books as gifts to your visitors with your home business website links as well as advertisements included inside your products. This is a great way to increase traffic, build your list and drive sales for your enterprise.

5. Agree to place product endorsements and testimonials from another related home business on your website if they will reciprocate for your enterprise. This will help advance your reputation online as a provider of quality products as well as increase business for your home page.

Joint venture agreements can be a very rewarding experience for everyone involved if they are executed in a professional manner with other parties you can trust and who are dedicated to making it a success. For this reason you should know who you are getting involved with or both you and your home based online business could suffer financially and your reputation on the web could be tarnished for a long time to come.             

Bob Withers 

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You’ve had your home based business online for quite awhile but your profits seem to have plateaued. There hasn’t been a significant increase or decrease in income from month to month for the past several months and you’re looking for a way to kick start your revenue to the next level. After careful consideration and after consulting with several, more experienced, Internet marketers you’ve decided to attempt to form a joint venture.

For the uninitiated, according to Wikipedia: “A joint venture (JV or J-V) is a legal entity formed between two or more parties to undertake an economic activity together. The JV parties agree to create, for a finite time, a new entity and new assets by contributing equity. They then share in the revenues, expenses and assets and “control” of the enterprise. There are other types of companies such as JV limited by guarantee, JVs limited by guarantee with partners holding shares. The venture can be for one specific project only – when the JV is referred more correctly as a consortium (as the building of the Channel Tunnel) – or a continuing business relationship.”

You know you’re ready to create a joint venture when you want to increase your profits and expand you’re customer base. You must find a partner who shares these same goals and also believes both parties can be successful with this new venture. Several other considerations are, first of all, where are you at the moment in terms of your profit margin. Are you where you planned to be at this point in time or are you lagging behind your initial financial projections?

This is an important point because if you aren’t where you had planned to be in terms of profit you may want to reconsider your JV project until your home business income improves. It doesn’t make much sense to enter into a new business partnership with all the related costs if it’s going to put you further behind your projected revenue goal for this point in time. You may want to postpone your joint venture until the time is right or until total sales catch up to your expectations at this stage of your business plan.

You also must insure you have the proper business services in place to satisfy your new partner’s needs. For example, you must have the marketing knowledge necessary to be successful with your project and if it isn’t at a level you feel it should be then you need to approach a partner who does possess this marketing expertise. For giving you access to this Internet marketing know-how you must reciprocate in some way by providing your partner access to a service unique to your home business or, failing this, offer a financial stipend as a way to compensate for their service.

Once you’re satisfied you are where you want to be financially and you have the necessary business services in place you must make sure your partner shares the same goals and has the same drive and passion as you to make this partnership succeed. You also must be willing to share your knowledge and be open minded in terms of realizing you don’t know everything and be willing to take advice and learn from your new colleague. A joint venture relationship is the same as any other; it can only succeed through a spirit of communication, cooperation and mutual respect.      

Bob Withers

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Creating a home based business online can be a daunting prospect at the best of times. But now you can see the light at the end of the tunnel because you’ve created your website, decided on a product or service to promote and you have you’re Internet marketing plan in place. As an integral part of that marketing campaign you’ve decided to enter into a joint venture. For the uninitiated what exactly is a joint venture?

According to Wikipedia a joint venture is a legal entity formed between two or more parties to undertake an economic activity together. The JV parties agree to create, for a finite time, a new entity and new assets by contributing equity. They then share in the revenues, expenses, and assets and “control” of the enterprise. There are many benefits associated with JV contracts for both parties but for the home business owner these are the top ten advantages offered by the business relationship:

1. You can build long lasting relationships with other business owners. When entering into your first JV partnership you’re venturing into unknown waters so to speak. As a result you must stick with it for the duration as outlined under the terms of the contract before passing judgment on the outcome. If the results are positive for both parties you can end up having a life long association with the other business owner which can present other opportunities to your home business, such as having other business prospects pointed your way.

2. As a result of this association your product will be exposed to a whole new market via your JV partner. The other business owner will be advertising your goods to his or her audience while you will reciprocate. This will result in increased traffic to your website which will help build your contact list and will also boost sales.

3. Because of your extensive research of the partnered company you have found a highly respected and very credible entity with which to do business. Being associated with such a respected organization can only result in your home business being perceived as a trustworthy and credible enterprise. This is a very big advantage for a new online business venture looking for an identity online.

4. Many home businesses just beginning on the web usually don’t have a lot of capital to spend on marketing. Therefore a joint venture marketing campaign makes a lot of sense because you can establish this type of relationship for little or no investment. This provides the opportunity for a very large profit margin while saving you money which can be directed to other areas of your Internet marketing campaign.

5. Since the JV business will be advertising your product as well your exposure will increase markedly with little or no expense to your business.

6. As a startup company on the web this affiliation can get you through many of the growing pains experienced by most new entities online. Many new businesses on the Internet experience financial setbacks, exposure issues, traffic challenges and as a result low sales and little revenue. A joint venture can get you over the startup hump so to speak and set you down the road to online success.

7. Being partnered with a well established company on the web can also help you compete with more experienced Internet businesses right out of the gate. This is another big plus just starting out because operating on your own makes it very difficult to compete with, and or defeat, the more well established enterprises online.

8. Your current customers and your potential clients will appreciate the new liaison because they will inevitably have a wider range of products or services from which to choose. This can have the effect of making your home business more popular which can result with your current customers recommending you and your business to people they know. Word of mouth advertising can be a very effective Internet marketing tactic for driving traffic to your website.

9. Joint ventures are a great way to expand and grow your home business in a very short time period. Again this is a big help for a new venture on the web because it assists with the development of your product offering and your online presence.

10. A series of successful JV projects can make you very successful very quickly. In other words you can become incredibly rich which will make you an extreme force to contend with online.

As you can see joint venture marketing can have an incredible upside for all involved with very little risk and the potential for great rewards.   

Bob Withers