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Profiles of real-life joint
venturers - Ellen Cagnassola...
Ellen Cagnassola (with able help from
her young daughter, MaryEllen) runs a business out of her home - MaryEllen's
SweetSoaps (www.SweetSoaps.com).
In a way, her whole business has taken a joint venture turning... by way of
thinking B2B promotion…
You guessed right from her URL - Ellen makes and sells
bath products (soaps and salts). You can get a feel for her ingenuity by
scanning the assortment of them on her website…
She sells soaps in many scents, shapes, colors, and sizes
– from gumdrops to photo- and logo-embedded bars ("This process was
invented by accident while creating something else in my soap lab") to
roses… and salts in many interesting containers. Gingerbread-scented Christmas
tree soaps are my favorites!
Ellen started out marketing the traditional way, to gift
shops around her New Jersey home. Eventually she added a website… "I was
very naïve about the Internet and what it would do, but I found I could do it
cost-effectively if I did all the marketing and research myself. So I
bootstrapped it and learned by the seat of my pants."
The addition of her website exposed her to the
world… "The first year I exported to Switzerland and since have gained customers
all over the U.S."
With her business on an established footing, her brain
must have been ready to let loose on other levels at the first opportunity!…
This is where the "joint venture turning" came in… serendipitously.
The marketing director for mega-giant drug company Johnson
& Johnson has a daughter who was in MaryEllen’s kindergarten class. As
Ellen puts it, "You know the saying… ‘Network Network Network!’
Standing outside of school, we were just talking…" That’s when she
learned where this local dad worked. "I am quick on my feet… The next
time I saw him, I told him of an idea I had for a promo for J&J. I made a
sample, and a deal was born."
It was a deal which, according to Ellen, pulled her into
the promotional industry… "I have always been attracted to it but never
thought of it as a career." Now, it seems she can’t stop. Nor does she
want to… it’s been great promotion for her business!
And many businesses are interested in promotional
merchandise...
Johnson & Johnson has a drug product called
Procit,
for severe anemia patients. My first reaction was to wonder how on earth soap
could sell drugs! I assumed it was the packaging and/or distribution that must
make the connection clear… But in this instance, the soap itself makes it make
perfect sense. Here’s Ellen’s description of the product she designed…
"Since it related to red blood cells, I created a
round clear bar of soap with round red pieces of soap inside to resemble red
blood cells. Then it’s shrink-wrapped and placed inside a 4x6" burlap bag…
The bag has the name and a full-color logo and whatever business info they
requested." The product was handed out for free at the Nurses Teaching
Association tradeshow in May 2001.
Now the joint venturing aspect also becomes transparent…
Though this is first a straight business-to-business sale, both companies
gain from the transaction. Ellen, too, has her business info on that
bag!
Ellen says… "I have a tracker, and I kept my eye
open to see how many direct requests were coming to my website after that day.
…They doubled in hits and 50% of my hits were direct. Perfect!"
And in a sense, this type of service - to companies that
need promotional products - can be self-perpetuating…
After landing the J&J contract, Ellen capitalized on
her experience by contacting another major drug company herself. When they heard
about their competition’s offering, they were eager to hire Ellen to create a
product for them.
"I placed Georgia-peach-scented bath salt in a little
promo bag with their logo on it, which also has my website on the front of the
bag. As soon as they started handing them out… I got emails from other
Georgia-based companies wanting something peachy for their companies as
well." For instance, she’s gotten business from a pine flooring company
wishing to entice female household decision-makers to buy the company’s
planking when their homes are restored… And from a manufacturer down the
street from them who had received that peach-scented promo product via their
mutual UPS deliverer!
Now that these interesting opportunities have cropped up,
custom wholesale products are Ellen’s favorites. "Wholesale is easier for
me and does seem to get me more money than the retail that I do from my site.
I
view my website as a portfolio of creativity primarily."
The promotions are stacking up nicely – among them
something for a major insurance company, and the glow-in-the-dark bath bombs
(!?) that will hit Denver as soon as a new mall opens.
I asked Ellen what she’d learned about joint venturing
from these efforts…
"When you create a positive relationship with another
business, it can automatically build your business with ease."
I believe that’s the case - only I think that you also
need to think joint venture, as Ellen did… In other words, look ahead,
scan the horizon for possibilities, and plan for ways to make the
automatic happen!
Ellen Cagnassola is the
owner/inventor of SweetSoaps.com
(908-BIG-Soap).
What can we learn from Ellen
Cagnassola about joint
venturing?…
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A joint venture can masquerade as a regular business
transaction!
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Promoting someone else's business can be a great way to
open doors to your business.
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"Networking" doesn't happen in only a
business environment... It pays to be open to all the potential
opportunities around you. ("Serendipity" really means...
seeing them and taking advantage of them!)
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Soap to drugs?... Yep! Between your business and
someone else's - no matter how dissimilar they may seem - there's likely to
be at least one usable connection (probably many!)... if you're creative
enough.
-
Retail businesses might grow by considering
wholesale
possibilities.
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One successful venture can be a lead-in to others -
whether by further effort or word of mouth.
-
(Maybe you eventually will fall into a trade you
only dreamed about!)
For
those serious about JV marketing...
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Copyright 3-2001 - Gordon Pioneering
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