Joint Venture Success Secrets Mrr Ebook

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Table Of Contents

Joint Venture Success Secrets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
LEGAL NOTICE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Chapter 1: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Joint Ventures Exposed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
1.1 What is a Joint Venture? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
1.2 Joint Ventures in the Conventional Business World . . . . . . . . . . . . . . . . . . . . . . 6
1.3 Joint Ventures in Internet Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
1.4 How Does a Joint Venture Normally Work . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
1.5 Types of Joint Ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
1.6 The Overwhelming Benefits of a Joint Venture . . . . . . . . . . . . . . . . . . . . . . . . . . 9
1.7 Working Alone vs. Leveraging on Joint Ventures . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Chapter 2: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Joint Venture Success Formula . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
2.1 Rule #1: Invest in Yourself . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
2.2 Understand that Your JV Partners Are Really Busy People . . . . . . . . . . . . . . . . . . . . . . 13
2.3 The 3 Things a JV Partner Often Look in Your Offer . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
2.4 Recruiting JV Partners – a Numbers Game You Can Control . . . . . . . . . . . . . . . . . . . . . 15
2.5 It’s Really All About Finding the Right Partner . . . . . . . . . . . . . . . . . . . . . . . 15
2.6 Use JVs to Make Sales and Build List… Nothing Else! . . . . . . . . . . . . . . . . . . . . . . . . 16
Chapter 3: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Recruiting Joint Ventures – Step-by-Step . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
3.1 Get Your Offer Ready First! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
3.2 Starting Your Own Affiliate Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
3.3 Identify Other Marketers in Your Niche or Industry . . . . . . . . . . . . . . . . . . . . . . . 20
3.4 Planning Your JV Partner Compensation Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
3.5 Approaching Potential Partners via Email . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
3.6 Approaching Potential Partners via Phone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
3.7 Approaching Potential Partners via Chat Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
3.8 Getting Your Potential Partners to Sign Up . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24
3.9 Follow Through with Your Potential Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
Chapter 4: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
How to Get Potential JV Partners to Say “YES”! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
4.1 Offer a Special Commission Percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
4.2 Allow Sampling and Review of Your Product or Service . . . . . . . . . . . . . . . . . . . . . . . 27
4.3 Take Pride in Your E-Cover Designs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
4.4 Why High Ticket Items are Lucrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
4.5 Take Special Interest in their Subscribers & Members . . . . . . . . . . . . . . . . . . . . . . . . . 30
4.6 Allow Your Potential Partners to Build Their List, Too! . . . . . . . . . . . . . . . . . . . . . . . . . 30
4.7 Notify Your Potential Partners At Least 2 Weeks in Advance . . . . . . . . . . . . . . . . . . . . . . . 31
4.8 Adding Weight with Your Credibility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
4.9 Other Ways to Increase Chances of Recruiting JV Partners . . . . . . . . . . . . . . . . . . . . . 33
Chapter 5: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
The Best Places to Find Potential Joint Venture Partners . . . . . . . . . . . . . . . . . . . . . . . . . . 34
5.1 Using Major Search Engines to Hunt for Hard-Hitters . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
5.2 Subscribing to a Potential Partner’s Mailing List . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
5.3 Visiting Forums with Pools of Prospective Partners . . . . . . . . . . . . . . . . . . . . . . . . . 36
5.4 Joining Joint Venture Networks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
5.5 Asking Your Contacts for Referrals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38
5.6 Live Events, Business Presentations and Seminars . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
5.7 Other Little Known Places to Go to For Joint Ventures . . . . . . . . . . . . . . . . . . . . . . . . 39
Chapter 6: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
Common Joint Venture Proposal Mistakes to Avoid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
6.1 Not Stressing Enough Benefits in Your Proposal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
6.2 Just Explaining the Commission Plan Isn’t Enough! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42
6.3 There’s Really Nothing Unique or Fantastic About Your Product . . . . . . . . . . . . . . . . . 43
6.4 There is No Demand for Your Product in the Marketplace . . . . . . . . . . . . . . . . . . . . . . . 44
6.5 You Approach the Wrong Type of Joint Venture Partner . . . . . . . . . . . . . . . . . . . . . . . . . . 44
6.6 You Think that Your Credibility DOESN’T Matter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45
6.7 Other Mistakes to Avoid when Approaching JV Partners . . . . . . . . . . . . . . . . . . . . . . . . . . 47
Chapter 7: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
Samples of Joint Venture Proposal E-mails . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48
7.1 Joint Venture Proposal E-mail Tips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49
7.2 The Important Points to Stress in Your JV Proposal . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
7.3 Samples of JV Proposal E-Mails . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50
Chapter 8: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
In Closing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53
8.1 Wealth Goes to Those Who Leverage on Joint Ventures . . . . . . . . . . . . . . . . . . . . . . . . . . 54
8.2 Prime Examples of Successful Online Joint Ventures . . . . . . . . . . . . . . . . . . . . . . . . . 54
8.3 Joint Venture Success Tips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55

Sample Content Preview

1.1 What is a Joint Venture?

The dictionary defines ‘Joint Venture’ as: “A joint venture (often abbreviated JV) is a legal entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Sony Ericsson joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.”

There doesn’t have to be a high risk of failure involved and a new entity is not necessarily formed. Individuals and companies do joint ventures all the time… out in the brick and mortar world as well as in cyberspace. As a matter of fact, the joint venture is one of the better kept secrets of Internet marketing.

The joint venture is an idea as old as time. The cavemen most likely figured out that buy pooling their efforts they could more easily feed and clothe themselves. By pooling talents and resources so much more can be accomplished than any one individual or company could accomplish alone. That’s why so many individuals and companies enter into joint venture agreements. Joint ventures are the stuff that fortunes are made of.

One of the better known joint ventures of modern times is the one that Bill Gates, of Microsoft fame, entered into with IBM, the giant of the electronics industry. Bill Gates had developed DOS while IBM had market share. The rest, as they say, is history. Just think what our world would be like if that joint venture had never happened. Oh…and Bill Gates was a billionaire before he was 31.

1.2 Joint Ventures in the Conventional Business World

Out in the ‘real’ brick and mortar world, joint ventures happen all the time and some of the big ones affect our pocket books and give us access to better technology as well. Many times very large and powerful international companies will join into a joint venture agreement. Mergers often require governmental approval but joint ventures do not. A joint venture is a simple agreement between companies (or individuals) to pool resources and talent on a single project.

For example: The Auto Alliance International (AAI) is a joint venture between Ford Motor Company and Mazda. In this Joint venture, Mazda first bought Ford’s unused Michigan Casting Center for the purpose of producing of 626 sedans. Then Ford bought 50% of the plant back. The Auto Alliance International Company is located in Flay Rock, Michigan and today produces the Ford Mustang and the Mazda6.

Another example of a joint venture that may in some way affect individuals is what is now known as Sony Ericsson. This is a joint venture entered into between the Japanese company, Sony and the Swedish telecommunications company, Ericsson. In any joint venture, each party brings certain advantages to the agreement. In this case Sony brought global consumer marketing expertise and Ericsson brought technology expertise in the communications field. The joint ventures’ purpose was the manufacture of mobile phones.

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- Ebook (PDF), 57 Pages
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- Year Released/Circulated: 2008
- File Size: 342 KB

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