Write An Irresistible Joint Venture Proposal
December 14, 2010 | Leave a Comment
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If you do not know anything about it yet, a joint venture is a scheme that will help you a lot. It does not cost much, or may not cost you anything at all. There are many ways to conduct joint venture partnership, but it will be very helpful for you to have an affiliate program.
Doing a joint venture partnership, either with a non-competitor or a competitor will mutually benefit both your online businesses. It allows both the joint venture partners to leverage on the existing resources of each websites involved in the joint venture. Instead of having second thoughts about it, why don’t you try it and see for yourself, the results will be reflected on your site.
Deciding to do a joint venture partnership with other complementary web sites also allows you to provide your products and services and sell them on your partner’s website. You can invite the webmaster to do so likewise on your site. There are lots of other marketing opportunities presented in a joint venture deal. What’s more, it will not involve any expenditure on your part.
Well, if you are moved to a decision already, then all you need to do is plan your goals and start searching for ideal, credible and reputable web sites where you will give your proposal. Research your target partner web sites and their companies thoroughly.
Whatever may come up in the research, may be important for you to know what they would most likely be looking for. Reading their mission statement can help you to see how they make decisions.
When you finally make up your list of prospects, then you need to do a joint venture partnership proposal. Here are some valuable pointers for you to write an irresistible joint venture proposal.
Actually, the proposal you will write is a formal way or approach to a joint venture partnership prospect. Bare of all fancy wordings, it only means, “Let’s do a deal.”
Some proposals are far more successful than others and bring out positive results. This is true with brief and to-the-point proposals. Some long-winded and stereotypical proposals with pages and pages of technical jargon are usually ignored. Well, it is quite understandable.
Anyway, whatever partner you target for your joint venture project, a webmaster, ezine publisher, business owner, or competitor, the same questions will come to them all, once they receive and read your proposal. They will all be wondering what benefit they will get out of such a set-up as you are proposing.
Therefore, however brief your joint venture proposal may be, it’s core should focus on explaining what benefits they will get out of agreeing to the proposal. Be straightforward in telling them what is in it for them. Once you have this pointed out, you need to go into details.
Remember always that your offer must cut straight to the heart of the matter, relevant and assuring the partner of it’s being highly beneficial to both of you. Remember, money is not always the thing they are after.
When you write your joint venture proposal be aware of what may really capture their interest. Make each offer so tempting, they would hesitate to turn it down. Each target partner deserves a totally different proposal according to your research on what is important for them.
Although not in too much length, describe the benefits of the partnership you are proposing. Continue on researching about them as you write your proposal. Make it easy for them to arrive at a decision and say “yes”.
Do not let your proposal go too long and complicated though. Busy people cannot be bothered with such long-winded citations. Sometimes, too, people are just too lazy to care about reading on. As you draft your proposal, continue simplifying it.
Of course, even if you sense from your research that they are not interested in the money, still make them see there is a potential earning to be had once they say yes. Always be scientific in explaining these. Do not give them falsehoods, for they also know their statistics.
Compose the proposal with personal undertones, as if you know him/her as a friend. Relate well with them and make them understand you are not just a machine ordered to compose something. It is also a good step to building rapport with them. Trust is an aspect that is hard to win from others, but will reap great results once achieved.
Finally, if you want to really make an impact, send your proposal as a hard copy via FedEx. Sometimes, Email can be easily ignored, erased and forgotten. You can also add a note of urgency and hint that you will not wait too long to hear from them. However, do not appear arrogant, overbearing, deceptive, or unrealistic. Coin your words well.
Now that you know how to go about it, start making your proposal and start putting on profitable joint ventures. With the right words and your very own business and marketing strategy, there will be no doubt as to the results of your efforts — profits!
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Why would you go into joint ventures when there are other kinds of businesses out there?
December 11, 2010 | Leave a Comment
Do you feel that your lack of information on the subject of joint ventures is preventing you from making an informed opinion? This is a fairly common complaint these days, with experts from all sides chiming in to give their personal opinion about downloadable products issues.Here at the Lots of Downloads website, it is our intention to give you the information from all sides, so that you can indeed form a balanced opinion. There are many other articles like the following, on the subject of joint venture proposal within this site and, if you like what you read, please share this information with others, using the buttons provided.
You may be one of those who have been approached by other companies asking you to do joint ventures with them, or you may be the one doing the approaching.
If you feel that you have a good product and are willing to enter into a win-win deal with certain businesses, then you get to enjoy the profits that you will be getting from your joint ventures.
Take into account that when you give out a joint venture proposal to another company, you have to make sure that you are certain about what you are offering.
Other companies will also want to be assured that you will be worth promoting. Like you, they do not want to taint their reputations by getting into something that sells poor quality products or not credible services.
Some businesses may not see the significance or understand the concept behind joint ventures. This is where you have to educate them on what the business is about and what they will be getting from it.
If you are the one doing the marketing campaign and it’s being endorsed by these companies, try to give out the majority of the profits you are getting. This is a way of showing your sincerity in sharing all the benefits you are getting with them.
You also get to pay for all the marketing costs. If you think these are all too much, fast forward into the future and think about the steady stream of profits you will be getting once the business is established. By spending some today, you will have it back doubled or even tripled.
On the contrary, if a company approached you and wanted to market to your customer list and make use of your endorsement, you will want to keep most of the profits. The fact that they are just building up their customer list by selling to your customer list, you would want to be sure of their credibility first.
You still have to know if they are a reputable business. It would be devastating if you found out, in the end, that what they are offering is not really made of quality, or is good service. Your reputation is put in line of fire too.
How much return should you expect in a joint venture business?
The amount of money you will get when you do a joint venture is fully based upon the deal you have set up with your partner. If you are going to market to another company’s customer list, you get to take a smaller part of the profit.
If it is the other way around, expect to pocket more of the profits you both have acquired.
In joint ventures, there are really no rules set. It all depends on the products or services you are offering, the cost of advertising and the deals you have made with your partner.
What should you do to achieve a successful joint venture?
If you are approaching another business in need of their endorsements, be certain that they already have a solid and stable trust built up with their customers.
If you notice that they are in constant contact with their customers, then it is a sure sign that their customers trust them enough to maintain communication. It also follows that the more their customers trust them, the more money they are making.
Some business have to send only an email to their customers to tell them about the newest product and these customers will respond instantly and buy from them. This should be the sort of business you do a joint venture with.
In addition, you would want to present a product in your joint venture that is of high quality and has the capability to yield more profits. This should be first and foremost in your mind, especially when you are approaching a big company.
Even if this article on the subject of concept behind joint ventures, has served as no more than an introduction to the topic of internet freebie matters, it is certainly a good place to start.If you feel this article on the subject of joint venture business has helped you with your research, please share the knowledge with others, using the buttons provided. Thank you.
Why Joint Ventures?
December 8, 2010 | Leave a Comment
As there are numerous good reasons both business-wise and financial, to create a joint venture with a company that has a great complementary capabilities and resources, such as distribution channels, new technologies or finance, joint ventures are becoming an increasingly popular way for different companies to build strategic alliances.
In a Joint venture, two or more parent companies agrees to share capital, technology, human resources, risks and rewards in a formation of a new entity under shared managerial power.
But before going into a joint venture, you should consider something first. We have gathered some information on what are the most important things to think about before going into a joint venture, here is the list:
Before going into a joint venture, be sure to first screen prospective partners. Make sure that you are on the same level of the industry.
Also make a joint development of a detailed business plan and short listing a set of prospective partners based on their contribution to the development of the plans.
Check the credentials of the other party by doing interviews and research. Check their previous business and also the sales that they are getting. You may also want to check customer feedback regarding their services.
You should also develop an exit strategy and terms of dissolution of the joint venture in case things would go wrong.
You should also try to think of the most appropriate structure for your joint ventures, for example most joint ventures involving fast growing companies are structured as strategic corporate partnership.
You should also take notice of the availability of appreciated or depreciated property being contributed to the joint venture; by misunderstanding the significance of appreciated property, companies can weaken the economics of the deal for themselves and their parties
You should also point out the different special allocations of income, gain, loss or deduction to be made among the partners and so with the compensation to the members that provide services.
You should also take note of the role of your business architect, this is a person that initiates new business ventures or leads business innovations, designs a winning business model and builds sustainable balanced business system for a lasting success.
Business architects can be found in a multitude of business settings, be it in corporate change leaders, initiators of joint ventures, and managers of different and radical company settings.
Human resources also plays a special role in joint ventures, here are some things that human resources should look into to get good business ventures.
The business strategy should begin with a sound, well articulated strategy. Before going into the first step, determine first and explain why you wish to enter into a joint venture, why you have chosen such partner or partners, and what the goal of the company is. You should put into words the involvement of the parent companies and define how long the joint ventures will last.
You should also describe strategies to define the managerial, accountability, decision-making process and conflict resolution procedures.
Develop Human Resource strategies that align and support the goals of the JV. You should develop a distinct identity and culture for the newly form company. Communicate energetically to the employees and establish a distinct career goal, management, and a means of welcoming return to the employees transferred to the joint venture.
Create salary, bonuses and retention programs that are inline with the success of the joint venture. Maintain open communication between the companies that have been tied up.
Define a process for leadership selection that is seen as fair and credible and give credits to the top-tier leadership as soon as possible. Look for key indicators of leadership potentials such as behavior, past experience, and measurable outputs.
To engage and motivate your employees, communication should be frequent and used to create a common vision, establish a connection with leadership, explain the new rules, support the individual transition process, aid in retention, and ultimately, define the new organization in terms of “We” instead of an “It” or “They”. Share as much information as you can, and never sugar-coat or make false promises.
Conduct employee research to help the new organization determine what matters to employees and can serve as the foundation for all programs and incentives.
What You Need To Have Before Joining A Give Away Event
December 5, 2010 | Leave a Comment
I’m sure by now that you’re sold on the powerful benefits of participating in a Giveaway event. But before you start plunging into one, be sure to have the following essentials checked!
Your Own Mailing List!
That’s right. Giveaway events are pretty similar to ad swaps in one thing: it’s using subscribers to make subscribers. Bear in mind, though, that having your own mailing list just isn’t enough; you need to have a substantial one!
Nobody likes a free rider in any Giveaway event. Period. And don’t let that person be YOU! Unless you can contribute subscribers almost up to par with other partners, you’re better off not joining a Give Away event in the first place.
As a matter of fact, most (if not all) Giveaway event hosts are strict about partners having a minimum mailing list size before participating in their event.
Also, it’s important to note that you have to be willing and agree to their minimum mailing frequency to your mailing list; notifying your subscribers about the event you’re joining.
While NOT all Giveaway events are equal in their system, quality and results, you can qualify for a big number of Giveaway events as long as you have over 1,000 opt-in subscribers.
Your Own Gift
This is yet another critical success factor (more than just a need to join a Giveaway event!).
Many events are accepting digital products of some kind. They are usually E-Books, software, scripts, Resell Rights, Private Label Content, membership passes, reports, you name it. In short, prepare a digital product you are ready to part with.
Tip: notice I said “your own gift” in the sub headline? I personally don’t advice giving away other people’s products you own the (Master) Resell Rights to. For starters, NOT all products with Resell Rights can be given away freely. Doing so, you’re probably asking for legal action being taken against you.
Secondly, you’re better off creating your own gift so you can give it away in your name and brand it in the process. You don’t want your visitors remembering other people while you’re going a great length giving them away to build your list!
Creating your own gift doesn’t have to be hard, however. You can, for example, write a 4-8 page report (easy feat, really) on a topic you know well. If you own a membership site, you can give a trial pass away or even offer a “lite” version. Pretty much the same can be done for software and scripts whereby you offer a limited time trial.
Important Tip 2: take a lot of pride and effort in creating a quality gift. This gift is going to make your first impression good or bad. So don’t take it for granted? because people will be downloading it by the masses!
Auto Responder
I know this pretty much a given if you already own a mailing list. But I want to address a couple of important concerns.
Firstly, be sure to require a double opt-in for your visitors. This is in effort to prevent phoney details being keyed into your signup form by freebie seekers? who also want to take a step further in putting you into trouble such as spam issues. By requiring visitors to confirm their subscription from valid email addresses, you can cut more than a bunch of spam risks at stake.
Secondly, be sure to sign up for a reliable auto responder account. You wouldn’t want to use an auto responder that produces a high bounce rate otherwise your list building efforts would be literally wasted!
If you are just starting out and need hosting services as well as an autoresponder then I would definitly recommend that you use Thirdsphere Hosting http://6636663666.thirdsphereplus.com/. They only offer one hosting plan and it is set up with the Internet Marketer in mind.
For just $25 per month you can have not only web hosting but also an autoresponder/mailing list manager, link tracking system, affiliate program, shopping cart and many more services that you would normally pay for seperately.
If you find yourself in need of larger websites, I recommend http://www.cheapwebhosting-1.com/ for all your hosting requirements.
Landing / Signup Page
This is the page where your would-be subscribers would go to view the full important details of your gift.
Usually, this page is not shared publicly and used specially for Giveaway events and incidentally, you also include the opt-in form at the bottom of the page.
Be sure to include the following details in your landing/signup page:
The benefits of your gift,
Remind your visitor that he or she is required to sign up to your mailing list in order to download the gift,
You will NOT rent, share or sell his or her details away,
And that he or she can cancel her subscription at any time!
Support/Email Address
Be sure to include a way your visitors or subscribers can contact you on your landing page and thank you page!
You wouldn’t want to trouble the Giveaway event host into handling yours. Besides, where your gift and signup are concerned, it’s your domain and territory to take care of.
It’s advisable to include a link to your support helpdesk on these pages over your email address, if you have a support helpdesk. Otherwise, email would work, too.
Miscellaneous
These are some other important things you may want to include in your Giveaway event preparation as a partner and contributor:
Photo & Signature ? it would make your landing page more professional looking, and might just help with your signup rate boosting. Also, some events might require your photo so be prepared to have your best photo available!
Gift Image ? people DO judge a book by its cover especially online. Be sure to prepare you gift image at various sizes (large, medium and small) because chances are that the Giveaway event host will need one from you to display on the gifts page.
Forwarding/Tracking Link ? while not mandatory, it would be good to have one so you can monitor your click throughs for both “sending subscribers to the Giveaway event” and “how many people are clicking through your landing page to see your gift” so you can monitor the signup conversion rate.
Some Joint Venture Ideas
December 2, 2010 | Leave a Comment
Do you feel that your lack of information on the subject of joint ventures is preventing you from making an informed opinion? This is a fairly common complaint these days, with experts from all sides chiming in to give their personal opinion about downloadable products issues.Here at the Lots of Downloads website, it is our intention to give you the information from all sides, so that you can indeed form a balanced opinion. There are many other articles like the following, on the subject of joint venture ideas within this site and, if you like what you read, please share this information with others, using the buttons provided.
Are you not sure how you can get into joint ventures? Here are some ideas that may give you an initial knowledge on the kind of joint ventures business you want to get into.
1. One of the simplest methods of joint ventures is text link or banner exchange. You get to exchange these things with websites that are offering related products or services. If you start looking, you will find that there are a lot of companies that have what you have.
2. Sharing of websites with another that is targeting the same market. This basically means you get to share advertising and marketing with that site for half the price but with doubled traffic.
3. Exchanging of endorsements and reviews for both your products and services. Give and take. You write something about them and they write something about you too. Since you both know your products well, this is one form of getting credibility.
4. Combining products or services into a package with related businesses can also be an option. Your buyers will be more than glad to avail of what you are offering since they know that they are getting a good deal. When the profits start rolling, both of you can share them.
5. Products or services that do not sell good should not be left aside. Instead, try to offer them as an added bonus for another company. You can ask for a minimal share of the profits gained.
6. Volunteering a space for another business’ ads into your product endorsements. In exchange, you can ask them to do the same thing to their business as you have done with them. This is an effective way of expanding your visibility plus reaching further to other markets not on yours.
7. Trading of auto-responders or ezines with businesses having the same type of market.
8. Work together with related businesses to produce a promotional e-book to be given away. Publish your web site ads in the e-book then give them all away for free.
9. Sponsoring a virtual trade show or seminar with another business. On these shows, try to include each other’s promotional bits and pieces.
10. Create a freeware program. Put in a promotional ad for each of your businesses in the program. Submit it to free sites and freeware.
In joint ventures, the idea is to give and receive. You can boost your marketing publicity with no problem at all by placing your advertisement on free stuff and allowing other people to give it away. The more people that give away your free stuff, the more your ad will be seen and exposed.
Unlike what you initially thought, much free stuff can be made effortlessly and with little or no expense needed. Electronic freebies are perfect because with these types of freebies, you would not have to worry about shipping or physical material costs.
Below are some of the more popular kinds of electronic freebies you may want to take advantage of to make joint ventures work for you.
1. Free e-Books. Present these to your visitors. The e-book should include something about your web site and what is offering.
2. Free e-Coupons or e-Gift Certificates. Give out free electronic coupons and gift certificates to your visitors so they will have an idea about your products or services.
3. Free e-Courses. Provide your visitors free electronic courses. They could e-mail your follow-up autoresponder to be able to get a free lesson everyday.
4. Free e-Reports. The reports could be in autoresponder form or in text format. In these reports, inform them about what your product or service is about and how it will benefit them.
5. Free Software. A lot of people are suckers for free software. It could be a game or a useful utility. Have them download easily straight from your website.
6. Free Online Services or Utilities. Since most people are online most of the time, these freebies should be more than useful. They should also be ready to use right from your web site.
When you have decided on which type of joint ventures suit you the most, you can make use of this freebie strategy so your advertising will rapidly spread on the internet.
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