The document discusses the benefits of joint venture partnerships (JVPs) for small business owners and entrepreneurs. It provides 5 creative ways to form JVPs, such as capitalizing on each other's strengths, co-creating products, and running webinars together. Entrepreneurs can leverage JVPs to cover more areas, make more profits, and boost their credibility through collaboration.
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5 Creative Joint Venture Partnership Ideas
1.
2. Many small business owners are scared of
competition. The truth is that most of us can’t do
everything ourselves.
This being the case, joint venture partnerships
(JVPs), in which one or more entrepreneurs
choose to work together, can be the perfect way
to cover all the bases and make more profits than
ever before.
Here are 5 creative ways to form JVPs.
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3. Capitalize on one another’s strengths. Run a
webinar with 2 or more people hosting different
parts.
Everyone promotes the class to draw in more
students/prospective customers.
Each person will offer a special deal on one of
their best products as a thank you for everyone
who attends
Offer a free item to get people to sign up for your
list
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4. Reports and ecourses are very popular, but
they can take time to create.
If you’ve not a great writer, team up with one or
more JVPs to write the book
Why not interview each other and then both use
it as a promotional tool?
It can build your mailing list and credibility
quickly.
Depending on who the partner is, it can also
lend you authority in your niche to be seen side
by side with that person
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5. People love contests
More prizes and more entries means more
exposure for your contest.
Give away one of the freebies you created
together, for even more exposure.
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6. Forget out-of-the-box
marketing, create unique
videos that target your JV
partner’s specific audience.
Leverage your webinars to
make the most of the
material you’ve already
developed together
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7. Build up anticipation and create curiosity with a
mystery guest JV partner. This generates
excitement, and your guest will usually tell his/her
audience that they will be featured at your site or
webinar, for double the traffic.
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8. If you have great products but are tired of doing
everything yourself
Don’t have as many products as you would like
in your sales funnels
Would love to do live webinars but aren’t sure
you have enough compelling material
Want to boost your prestige by association
Then it is time to start looking for some JVPS
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9. Ask friends for
introductions to their
friends
Find related sellers on
ClickBank
Swap databases
Go to conferences and
meet in person
Online forums and
discussion groups
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10. Make sure your offers convert well
Do all the hard work-impress them with your
professionalism
Deliver on your product partners
Follow up well
Stay in touch
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