Blog Revival and Internet Marketing Joint Ventures?
Hello all,
I haven’t posted in quite some time due to personal issues. I am getting back in the saddle now. On my journey on this spinning ride called Planet Earth, I’ve had some interesting experiences in this gap of blog time.
One of my most recent experiences was going to Pat O’Bryan’s Unseminar6, where I launched a new idea.
One of the things that I’ve had to learn the hard way in my Internet marketing career has to with how to get a joint venture. You see, the reason I’m creating this blog post and a product to address it (more on that in a minute) is because I’ve been there. I’ve tried and failed at making joint ventures, and I don’t want to see others make the same rookie mistakes that I did. So I decided to go into reporter mode and uncover the deadly secrets that aren’t easy to discover until you actually fail in your attempts.
Like myself, most Internet Marketing or Information Marketing beginners have a hard time with Joint Ventures. I want to help show you the way to those profitable relationships, instead of wantonly gambling away your first impressions with potential joint venture partners!
So let’s start with the question: What is an Internet Marketing joint venture (also known as a “JV”)?
A partnership in which people who do business on the Internet jointly undertake Internet Marketing business transactions for mutual profit and benefit. Technically, it’s a legal organization of two entities that can involve individuals, groups of individuals, small or large companies or corporations. Typically, joint venture participants focus on what are known as “niche markets” and contribute to the project as well as undertake the risks and financial burdens associated with it.
JV partners generally try to bring new use of technologies, business practices/savvy as well as new products and expertise (that the other may not already possess) into a joint venture.
Joint ventures are often used to gain entrance or increase market share in highly specialized niche markets (we’ll get into niche markets a bit later if you are wondering about it).
Many people think that a joint venture is something that only big oil companies or large corporations do. This is simply not the case!
Usually, Internet and Information Marketers are simply individuals who do business solely online. This is the beauty of the Internet!
The only downfall is that many of them have never run a business before and therefore, most fail to remember is that “doing business” on the ‘Net or anywhere else requires you to take into account the running of a business (expenses, planning, bookkeeping, outsourcing, contracts, etc…). The other thing people have trouble with is how to structure the deal. We’ll be talking a lot later on about planning for a real joint venture that will create a win-win situation for both partners.
Now the reason that you want to form joint ventures with other Internet Marketers who are already present in a given niche market(s) is that you really want to gain a synergistic advantage.
Ever see the V formation of geese? The lead goose provides a draft that lessens the effort of the other geese flying in the formation. These birds take turns being in the lead, so that when one gets tired another can take it’s place. Because of this the geese can fly for long periods before they need to stop and rest. A joint venture can reduce the “drag” of entering a new niche or provide a lift to you if you are already in a niche and want to start capturing more market share.
The successful existing marketer in most cases already has a system in place that contains existing JV relationships, an email list, and their system is already established and doing business in that niche.
Notice that I used the term, “system.” This is because established market/thought leaders who are open to JV proposals are highly sensitive/attuned to sniffing out efficient money making products and people. Efficient business is systematized and therefore can be referred to as a system.
So naturally (in most cases), when looking for a joint venture you actually have something ready to go to show that you’ve already done something and are good at taking action. They are not going to want to do anything if your product/idea/system/or even yourself is too immature and requires too much help to become viable. This IS a business proposition, after all.
Time is money, as they say…and being able to negotiate a successful joint venture could mean lots of it for you and your partner!
However, the ability to easily and consistently attract important business partners and to create abundant partnerships for your business isn’t something that most people are born knowing how to do.
Chances are that your own personal circumstances, upbringing and background did not make you a natural at articulating your ideas and communicating in such a way that you will be highly successful establishing relationships with those that have the ability to help your business ventures succeed, even if you are a wizard at creating products and services that people really want and need (if you aren’t sure how to do this or are wondering if your product is any good, go get: Eric Farewell and Pat O’Bryan’s http://niches101.com/ )
The good news is that these skills can be learned. You see, I’ve learned that the power to make your own success resides within YOU. Your mind is naturally equipped with the natural ability to be good (even wildly successful) at attracting these powerful and influential friends who want to help themselves by helping you…
Even if you’ve been to every Internet marketing seminar from NY to LA looking for help to get the word out about your product, get subscribers and get to profitability…but were crushed repeatedly, subjected to brutal frustration… and are beginning to think there is no-way out…
Keep reading my blog, there is a light at the end of your tunnel…
What I am going to be doing here is to interview the movers and shakers of the Internet Marketing world and ask them some penetrating questions with regard to the mistakes people make when going for their first joint ventures. You see, there are plenty of products that tell you how to do a JV…but many (if not all) of them leave out the ‘don’t do this’ part.
So if you are going along and following a how to and encounter something that deviates from that path, how will you know how to handle it?
Chances are, you won’t and you’ll probably make a mistake that kills any progress you made!
But if you know the information these interviews that I am doing provide, you can side-step these landmines.
I wish I’d had this knowledge when I tried to form a joint venture partnership a year or so ago. Since that time on my journey I’ve seen many people that needed this knowledge. I recently went to Pat O’Bryan’s Unseminar6 and met a few people who had some horror stories to share about their failed attempts, and immediately my heart went out to them.
I want to tell those stories. And I will in this new product.
So as the saying goes, you never get a second chance to make a first impression…wouldn’t you rather have the knowledge of not only what to do, but what NOT to do before striking out to get a JV?
I thought so. Therefore, I”m hard at work creating this for you, and I truly believe that you should not go it alone. If you’re serious about making your online business a success…one day, somewhere, at some time…you will need to do a joint venture.
You’ll be leaving money on the table if you don’t…and honestly, you probably won’t last long!
I’m working hard to make sure that I can help you take care of the “somehow” so that when the time comes, you’ll be ready.
Aloha again,
Carl
P.S. -In the meantime, be thinking about these questions:
What would you do if you absolutely had to get a Joint Venture to keep your Internet business alive?
WOULD YOU HAVE THE COURAGE TO APPROACH THE TOP MARKETERS IN YOUR NICHE?
For a sneak peek visit:
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