Joint Venture Marketing For Rookies

Joint ventures (JV’s) are a great way to make more money in your business without spending a fortune of advertising. With joint venture marketing, you can leverage the assets of your potential partner to launch and make money with your business today. This is the power of JV marketing.

Some businesses have even been launched via the use of JV marketing. The key to making joint venture marketing work is the person you’re trying to partner up with. Their list must be as responsive and relevant to yours, and your partner should contain a mailing list that would fit well with your offer.

This doesn’t have to be hard. If you were launching a JV on the internet, this would be so incredibly easy to do. But since it’s offline, there are a few more things that you will have to do. If you can find someone that you trust, then you should have no problem running a JV campaign in your business.

The first step towards approaching someone with a joint venture opportunity is to create a good proposal letter. Your letter should outline everything that the JV will entail, and that you’ll do much of the work. Plus, you should offer around 60%-65% of the total profits made. If you’re in a business where you sell high priced items, then this should come off as no surprise to you.

But if your entire business revolves around selling $30-$50, may be a JV isn’t for you. You can try it online since it’s mostly free, but you’ll probably end up making a little over a $1000. If you could do it offline with a high priced product, incomes like $10,000 and above will be very common.

JV’s can play a very integral part of your business. For some people, all they do is joint ventures because of how profitable it is. If you would like to know how profitable joint ventures can be, then give it a try. You never know if it will be extremely profitable for you, or if it will flop. But I’m thinking if you do a joint venture it will be more than profitable for you.

Consider using joint ventures into your place of business so that you can earn a little extra money on the side for free. It’s something that’s at least worth trying, and the more effort you put into it, the more you will start to earn more money in your business.

Don’t be shy when offering your joint venture letters. The worst that they can say is “no”, and you can just take it and leave it, and go on to the next business owner on your list. Dust yourself off and try again so that you can land a deal one of these times.

If you want to do JV marketing, I think you should give it a try starting right away. It’s a great way to get your name out to the world, and to start earning more money than you can possibly handle.

Good luck with using these tips to launch profitable joint ventures today.