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But how to come up with a great joint venture
marketing concept?...
If you've read some of the articles linked from the page titled
Joint venturing... How others see it,
you've encountered some ideas to start you thinking. But it can be hard to
visualize the possibilities for one's own joint venture marketing situation by extrapolating from
someone else's...
So here is a list of ideas to brainstorm
from!
(None too commonplace, none too far-fetched
to be considered. Keep open to the potential in every situation
that presents itself to your fertile mind...)
TYPES OF JOINT VENTURES...
Exchanging links
Exchanging leads
Exchanging an endorsement of a product to
one's customer base for a share of the profits (or a like endorsement)
Exchanging store signs
Exchanging counter-top brochures between
stores
Placing brochures/sales fliers in store
shopping bags at check-out
Placing brochures in other businesses'
billings or newsletters
Allying your business with a good cause
("cause-based marketing" - e.g., helping a non-profit organization
raise funds, while you get the benefit of being seen as a benefactor)
Cost-sharing for any type of business
function (e.g., producing a magazine, setting up a website, placing display ads,
renting booth space at a fair/show/convention, joint publishing, etc.)
Writing articles for someone else's e-zine or
website; accepting others' articles for yours
Providing prizes for fundraising events
Offering to sell someone else's products for
a commission
...In fact, affiliate marketing is joint
venture marketing! - where payment is made only for actual results (and
if a potential partner doesn't have an affiliate program... suggest setting up
an individual affiliate relationship - see this profile
of someone who has done just that)
OPTIONS TO CONSIDER FOR JOINT VENTURE
MARKETING DEALS...
Back-end offers
Cost-sharing, or ride-along participants
Free gifts (to entice both JV partners and
customers)
Interviews with one or more JV participants
published on your website or in your e-zine, etc.
Joint authorship (of books, e-books,
newsletters, e-zines, columns, articles, guides, white papers, directories,
brochures, etc.)
Monthly automatic credit-card charges to customers
for products bought often (e.g., nutritional supplements)
Point-of-purchase endorsements
Product or service upgrades
Profit related to volume levels achieved
Reviving of dormant customer/client lists
Straight-across trades, or deals sweetened
with some immediate profit potential for one party (maybe even 100% of the
profit for a one-time deal, if the other party values new customers highly!)
Three-way (or more) deals that don't
necessarily involve each party with all of the others
Trial periods for customers
Yearly contracts to provide services
Get
Web Profits Fast! E-book - by
successful JV marketer Jimmy D. Brown
CLICK
HERE to find out how to make
others want to JV with you (even if you're a total beginner); 10 top JV
example ideas; how to make joint ventures work on into the future... |
EXAMPLES OF JOINT VENTURE MARKETING
PARTNERSHIPS...
Audiobook club / travel organization (or
businessperson's organization)
Auto detailer / car dealership
Beautician / tanning salon
Beauty school / doctor lecturing on hair
follicle physiology
Beekeeper / orchardist
Boarding kennel / pet groomer / pet products
vendor
Bookstore / publisher
Bridal store / wedding photographer / wedding
planner / printer / limousine service / florist
Business success book seller / business
success seminar giver
Camera store / restorer of old photos
Car accessory/parts store / car dealership
Car dealership running out of room / business with a huge parking lot
Car insurance company / car accessories
vendor
Chiropractor / health supplement vendor (or
back pillow seller, or heating pad manufacturer)
Comedian / joke writer
Computer hardware dealers / computer software
dealers
Construction firm / architect / interior
designer / landscaping firm
Copywriter / company with a sales force
(writing sales presentations)
Crafters / businesses with unused storefront
window space
Credit card company / holiday tour operator
Dentist / vendor of superior tooth whitening
agent
Diaper service / baby photographer /
children's clothing store
Dry cleaner / restaurant catering to
power-lunching businesspeople
Film developer / camera seller (or travel
agency)
Florist / candy store (or a funeral parlor!)
Gas station / video store
Golf pro shop / golf seminar video producer
Graphic designer / printer
Grocery stores / cookbook publishers
Gym / karate instructor (or a beauty parlor)
House painter / carpenter
Insurance salesperson / financial consultant
(or stop-smoking program!)
Jeweler / honeymoon hotel
Kitchenware store / cooking instructor
Landscaper / lawn care service / plant
nursery
Law firm / financial consultant (or an
international adoption agency)
Lunch counter / gas station with a mini-mart
Moving company / packaging store / storage
facility
Newspaper or magazine / anyone who'll write a
column for them
Pharmacist / doctors
Photographer / new store celebrating an
opening
Plumber / electrician
Printer / theater in need of programs
Real estate agent / security company
Resort hotel / seminar giver
Restaurant / radio station (that would like
to more cheaply wine and dine its clients)
Software developer / internet service
provider / instructor of internet newbies (or seller of an e-book for new
internet users)
Tackle/bait shop / pay-to-fish pond owner
Tailor / jeweler
Toy maker / health clinic (free toys for the
waiting room)
Toy shop / kids' party planner / clown
Tree surgeon / firewood vendor (or landscape
gardener or plant nursery)
Used clothing store / charitable
organizations with clothing donations that don't wish to hold rummage sales
Wedding planner / church group (giving
marriage preparation classes)
...And all the ones you've thought of
after reading this!
And even that list doesn't begin to
cover it...
Consider joint ventures with direct response
mailing list owners... The response rate can soar from 1-2% to more like
15% with their specific endorsements!
Don't forget the "celebrity" endorsements, and the
charity groups, and the community service organizations, etc.
And don't
forget the competitors - with the same kind of offerings, but where the
offerings themselves don't compete.
Nor the not-directly-related-but-still-viable
deals, like the pharmacist who teams up with the jeweler, or the hardware store
that provides a discount from a florist just before Valentine's day, or the
bookstore that JVs with the cafe next door, because people who buy books also
eat! - etc. Put yourself in the shoes of all of those businesses' typical
customers...
Joint venture marketing = Use your
imagination!
For
those serious about JV marketing...
Free
"Top Web Business/Success Builders" e-seminar
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