Small Business owners who do not take advantage of business and marketing strategies that will explode their sales, simply do not know about Joint venture marketing.
In Fact Price Waterhouse Cooper said that 32 percent of the fastest growing businesses use this business strategy to help them with their business goals. Common Wealth Alliance say 25 percent of all revenue or 40 trillion dollars per year is from joint ventures. Shouldn’t your business be benefiting from it too?
If you are a small, medium or large business and are still only using a “Competition marketing model” your business will probably die within 5 years because of the lack of connections and clients. Now, former competitive businesses are teaming up and becoming colleagues, this is replacing the old business model of the “competitive marketing strategy.”
With joint ventures or (JV’s) you are teaming up with a business, group or person in an alliance for the purpose of creating or expanding a market or presence in the market place. You can use a JV to influence or create credibility through an association with others. This helps your business lower risk, lower marketing costs, creates long term alliances, provides better client service, creates massive wealth faster and helps stabilize your business through all economic weather.
Joint ventures are the business trend right now and will be for a long time in the future. Sadly, most entrepreneurs only know one joint venture marketing strategy to explode their success.
Here are 3 reasons learning to do Joint Ventures will explode your business sales.
Build your global business directory
Connections and alliances are key in the new business economy. If you are not utilizing them you are taking the no road or slow road to business success. Joint Ventures are helping companies of all sizes in emerging markets all around the world connect and acquire critical new technology or perhaps new intellectual property or resources that can be hard to obtain any other way. Even if a large company has plenty of cash, joint ventures are the easiest way for them to acquire these new products, expertises and new territories.
Your Network = your net worth.
Everyone who is business savvy right now understand that their network = their net worth. However, the definition has changed. It’s not just your client network that is important to maintaining long term growth and stability in your business. When you understand the Joint Venture formula you will understand the power and profit potential of having a business network too. It is a way for you to grow a stable, economically sound business for the long term. You must develop both networks.
Optimizing the referral market
We all know the strongest form of credibility is a client testimonial. It is big business right now to have them. Yet, when you begin to implement the Joint Venture business strategy you can grow your business overnight by utilizing thousands of referrals now. Gone are the days of someone telling two friends, who tell two friends, who tell two friends. With the internet, blogging and teleseminars one person tells a network of a thousand people who tells another network of a thousand people. This can transform your business overnight when you learn to how to do it properly.
Joint Ventures help companies share the risk and make your business more bullet proof too.
The power of the joint venture is that it enables everyone, who wants to use joint ventures as a business tool, to create a business with, instant access to clients, endorsements, alliances, and low risk. It is inexpensive to use and yet creates massive wealth. We have not yet even begun to scratch the surface of what can be done with joint ventures. In the future, joint ventures will prove to the business standard that is the easiest way to develop your business aspirations.