Despite the fact that banks are not lending, credit is tight and some businesses are going belly up, there are entrepreneurs out there who are thriving in this uncertain economy. These businesses that are flourishing understand that money is not the only currency to run their business with. They have built and bulletproofed their business with the other currency, which is relationships and joint venture marketing.
If you do not understand what joint venture marketing is or think that joint ventures are only for the big companies such as Oprah, Walmart or Coca Cola think again. Joint ventures are the small, medium and large business strategy of the future. Common Wealth Alliance says 25 percent of all revenue or 40 trillion dollars per year is from joint ventures. Shouldn't your business be benefiting from it too?
As an entrepreneur, Joint venture marketing is the number one, most effective marketing strategy on the planet.
What is a Joint Venture?
It's simple; a joint venture is two people or companies working together for a specific purpose for a common goal and to create a win/win.
1. Find untapped Markets
2. Create new ways to bring in money
3. Gain an entire sales force at zero cost
4. Open new territories
5. Bring new customers overnight
6. Generate website traffic
Joint Ventures help create wealth without the help of a bank loan or credit. It is the way entrepreneurs learn to help each other succeed. Entrepreneurs do this by helping each other borrow what they need.
Such as, new leads, exposure, credibility, new products, sales force. If company A has clients but no new product to sell them and company B has a new product and no clients to sell the product to, then they joint venture and split the profits.
Using the joint venture method means there is NO bank involved in giving company A or B a small business loan or credit to develop a product or buy advertising. This saves you time, debt and interest.
Most importantly, it is fun. Gone are the days of being the lone entrepreneur. When you create a joint venture, you work together now and again in the future. You build and bond with other entrepreneurs and become part of a business network that works together to benefit the whole. So, what are you waiting for? Take your business to the next level. Learn joint venture marketing and take your business out of the hands of the banks.
Look for my new book: Synergy Energy - How to Market Your Book, Grow Your Business, and Brand Your Ministry.
www.MinistryMarketingSolutions.com and PamPerryPR.com
Posted By: Pam Perry
Wednesday, January 28th 2009 at 6:44PM
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