Small business marketing ideas – Benefits of Joint Ventures

Let’s imagine a situation where we have two Internet marketers who know each other. One has a great product that will sell very well but he has no mailing list, no affiliates, nothing. The other is a great marketer with tens of thousands of subscribers in his mailing list, but the problem is he has nothing to sell to them. The very obvious solution here is to give the product to the great marketer with lots of contacts, and split the profits between them. This, my friend, is the very essence of Joint Ventures.

 

As more and more people start their own home based businesses online, the market is going to get more and more saturated and the competition will grow fiercer by the minute. The fastest, most effective and easiest way to build your own online business empire is through joint ventures. That is, join forces with other marketers to sell your product.

When you joint venture with another marketer, you can ask him (or her) to send an endorsement of your product to his existing mailing list, so you do not need to worry about collecting subscribers from scratch. You already have an easily accessible target market. The trick is to find the right marketer whose subscribers will be interested in your product. Once you achieve that, you won’t even have to worry about generating traffic to your salesletter or finding affiliates to promote your product. All of that is already done for you.

 

When you joint venture with a solid player in the field, your perceived value and reputation will instantly increase because if this well-known person in the field is willing to work with you as a team, you must have some substance! Hence, when you manage to hook up a joint venture with someone who’s a “regular player” in your niche market, your status will instantly change from “total newbie” to “guru status” overnight!

 

Last but definitely not least, you will get a chance to build a lasting relationship with a big figure in your niche market, and that alone will worth more than the profits you pull in over that single Joint Venture. When you have a dominant figure in the market as your friend, you will gain a lot of privileges and perks that no newbie like you could ever get their hands on – for example new insights into interesting product ideas and marketing strategies. You can’t even buy that for hard cash!

 

So, start looking up a potential Joint Venture partner and try your best to convince him or her to strike up a deal with you!

 

Small Business Marketing Ideas

Discover The 5 Most Effective Ways to Get More

Out of Your Advertising Dollar.

 

1) What do you want from your advertising? Why are you advertising in the first place? This step is crucial to get right before you undertake any type of advertising or marketing. Ask yourself the following questions. If you answer yes to more than one, then you need to do separate advertising campaigns. More on that later…

• Are you trying to raise awareness of your brand?
• Do you want more clients?
• Are you after more visitors to your website?
• Would you like to increase your database?

2) Know your target market. Who are they? And don’t just say the general public! You may have more than one particular market. Just ensure that you choose only one market per advert. The worst thing you can do is write one advert and try to get everyone in from it.

Your target market can be made up geographically- (i.e. a bakery may look for anyone within a 10klm radius of their shop) or it can be made up demographically (i.e. – new mums, business owners, women, football fanatics etc). You can then narrow that down even more to new mums with girls, or boys; AFL fans, or Rugby Union fans etc. The more you narrow it down, the more targeted your advertising will be.

3) Write your advert. Use the above steps to come up with the first few pieces of your advert. Your headline should capture the attention of your target market. You also need to utilize the headline to tell readers why they need to keep reading. This is called the ‘benefit’. Why should they read your advert? Try some of the following for examples:

• “Attention new Mums- Here’s how to get more sleep”
• “Recent research suggests new mothers are not getting enough sleep”.
• “Find out how to get more sleep now!”
• “Discover how to increase your profits in 1 day!”

4) Include Incredible Offers. Giving something away for free is one of the best offers. It doesn’t have to be a product of yours- try to build relationships with other business owners who share the same target market, but are not competitors. For example: An air conditioner installer may team up with the local air conditioning sales centre, and offer their services to the customers to install them. This way, the installer gets more work, plus the sales centre can offer a value packed bundle for their customer.

5) Include a Call to Action. Ensure you include a call to action and deadline in your offer. People always hate to feel they are missing out on something and the deadline will compel them to act. Utilise some of the following examples:

• ‘Hurry- competition closes next Friday! Email today to ensure you don’t miss out!”
• Visit us before 28th October to claim your Free Gift!
• Bookings close by 24th December- Call us today to ensure your placement!
• Come in to The Plaza on Friday between 8am- 1pm to receive your Free Photo