A joint venture is when two or more businesses join together to work on a project for a set period of time. Doing online joint ventures can increase your chances of beating your competition, increasing your sales and profits, saving time and money, getting valuable referrals, and increasing your market share.

The following are ten online joint venture ideas:
1. A simple joint venture would be exchanging text links or banners with other related web sites.
2. Share a web site with another business with the same target market. You both will be marketing and advertising the same web site which means double the traffic.
3. Exchange testimonials or endorsements for each others products or services.
4. Combine your products or services together with other businesses into one big package. You could split the profits.
5. Do you have and product or service that doesn’t sell well? Offer it as a free bonus for another businesses product or service. In exchange ask for a small portion of the profits.
6. Offer to insert a promotional ad for another business into your product package. Just ask them in return to do the same for your business.
7. Trade e-zine or auto-responder ads with similar businesses.
8. Team up with related businesses to create an promotional e-book to give away. Publish your web site ads in the e-book then just give it away for free.
9. Host a virtual trade show or seminar with another business. Include each other’s promotional material on the web site.
10. Create a freeware program with another business. Include a promotional ad for each of your businesses in the program. Submit it to freeware and freebie sites.

While many companies still view their online and offline efforts as separate entities, savvy marketers are slowly realizing that success comes through integration. You could widen your target market by reaching audiences you couldn’t promote before and get referrals from the offline businesses you joint venture with.

The key to joint venturing with offline businesses is to find ones that have the same target audience.

Below are three possible joint venture deals you could set up:

1. Write a tip booklet that is related to your business. Make a deal with an offline store where they giveaway your tip booklet to their shoppers with each purchase. The store you pick should attract your target audience. The store could have something free to giveaway to attract shoppers and you could have your web site ad in the tip booklet.

2. Design a printed flyer for your online business. The flyer should include a description of your web site,
e-mail address, web address and any other important information. Make a deal with an offline store to have edge include the flyer in each bag of products they sell in exchange for free advertising on your website.

3. Make a deal with a computer store to have them display your web site on the computers they display
in their store in exchange for free advertising on your web site or in your e-mail newsletter.

Once you find a targeted offline business, contact them and present your joint venture proposal. Tell the business owner the benefits of the joint venture. Tell him or her why it would be a win/win situation for both of your businesses. Give them a lot of compliments about their business, products and services. Using all three methods above will greater your chance of having a profitable and successful offline joint venture.

This “best of both worlds” integration realizes that success comes through integration across all channels to provide consumers with what they demand–accessibility, choice, and convenience.

Business Quote of the Day:
“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” — Jack Welch

There is a great deal of talk on the Internet about joint ventures and how they can lead anyone to a rapid increase in profits. Is this true?

Certainly yes!

You see, the best part of doing a joint venture is that it gives small businesses the opportunity to benefit and profit from the traffic of a large business.

A joint venture is when two or more businesses join together to work on a project for a set period of time. Doing joint ventures with other businesses can increase your chances of beating your competition, increase your sales and increase your profits quickly.

The good news is you don’t have to compete but instead use these web sites to your advantage. Instead of trying to compete with major web sites, simply have those sites sell your product for you. Of course, you will have to give them a nice percentage, but it certainly is worth it.

That is what Joint Venturing is all about and that is why it works so well for small Internet businesses.

The following are the benefits in joint venture:

• Save money when businesses share operating costs
• Get referrals from other businesses
• Save valuable time when businesses share the workload
• Offer your customers new products and services
• Gain new business associates
• Save money by sharing advertising and marketing costs
• Get free advice and important information from other

businesses

You can find businesses to joint venture with online or offline. Try to find businesses that have the same target audience, but are not direct competition with your business.

Here are a few ways to find joint ventures online:

• Subscribe and participate in e-mail discussion groups, online forums and newsgroups that deal with your target audience
• Subscribe to e-zines that deal with your targeted audience
• Note on your Web site or e-zine that you are interested in doing joint ventures
• Search in your favorite web directories and search engines to find businesses to joint venture with online

Once you find a business simply e-mail them your proposal. Tell the business owner the benefits of the joint venture. Explain to him or her why it would be a win/win situation for both of your businesses. Give them a lot of compliments about their business, Web site, products and services. Using all methods discussed above will greater your chance of constructing a profitable joint venture.

It may take time but there are also softwares available that will help you put together powerful joint ventures faster and more efficiently by taking out most of the legwork.

Either way, using software or doing the work yourself, joint ventures are the best way to skyrocket your profits. And remember, joint ventures work for all niches and are great even for small businesses.

Business Quote of the Day:

“Rule your mind or it will rule you.” — Horace