When forming a joint venture with another business, your most important step is the approach you use when contacting your potential business partner.
Participating in a joint venture with another prominent business can be extremely beneficial to ones business. The biggest reason why most webmasters do not get a reply back when sending a proposal, is the approach they use.
I cannot begin to tell you how many proposals I personally have received that get deleted almost instantly. There are some that address the proposal with Dear Webmaster or as simple as just Hi. Some do not tell me anything about themselves or their business (I guess Im suppose to guess at this one). While others may be run-on, have misspellings, or just plainly unprofessional.
A joint venture is not as simple as lets say a link exchange. It requires a little more research and commitment by both parties.
Although you can send a joint venture through standard mail, consider sending your proposal by email in your first approach. If they have provided their phone number in their contact information, let them know that after a few days, you would like to follow up with a personal phone call to go over the details. Stipulate a time frame that you would like to call and asking them to reply back if the time frame is inappropriate.
Here are some guidelines when sending a proposal by email:
Be precise and clear with your proposal.
Make sure to personalize your email by using their name.
Write an email that shows professionalism and trust.
Complement the positive points you found on their website.
Include information about yourself, your website, your customer base and the services and products you offer.
Point out how you feel your customer base would have an interest in his/her products or services, as well as their customers having an interest in yours.
Highlight how both of you can benefit financially from this joint venture as well as gain added exposure.
Be sure that all spelling and grammar is correct.
When contacting a potential business owner on a joint venture, the key is to highlight the financial benefit to both parties.
If you are approaching a joint venture whereas the other party is just an endorser of your products, (such as an ezine publisher) a larger percentage of each sale should go to the publisher. In this case you have to keep in mind that they are doing all the work while endorsing your product to his/her established customer base.
Once you have found a party that is willing to form a joint venture with you, you may want to consider putting an agreement in writing and getting it signed by your new business partner. Just make sure you outline each of the terms in the agreement, such as precisely what you both agree to, terms, commission, time frame of the venture, how each of you are to get paid, etc.
John Kovacs is the CEO and founder of A Home Business Opportunity. His website mainly focuses on supplying free marketing tips, resources and support for home startup businesses and Internet marketing. To get a step-by-step guide in building an online business, visit
Many people want to achieve financial freedom and they know very well that running their own business has always and will always be the best road to financial freedom. Here are some reasons to remind these people why online business is the best way toward financial freedom.
1. Online Business provides a HUGE market.
Internet is not just expanding, its BOOMING. In 2001, there are more than 500 millions people using the internet.
By 2006, more than 1.1 billion people will start using internet. Doing business with such a huge market sounds good doesnt it
If you are able to create an effective online business that is able to reach out to the global customers, the potential of profit earning is really high.
Having your own online business does not necessarily mean huge capital.
I know a couple of people who earn thousands of dollars selling things off E-bay, which by the way costs less than $20 to open up a store.
Another suggestion is to join an online network marketing company. Robert Kiyosaki, the author of bestseller Rich Dad Poor Dad suggests that network marketing is a cheap way to start doing business.
I will talk more about starting your own online business in my other articles.
2. Some online Business creates passive income.
This is the key to financial freedom. By building up your passive income, you are on your way to financial freedom. The word passive is defined as: receiving or subjected to an action without responding or initiating an action in return.The word passive income is to have an income in which you dont have to put much action in return.
Many people refused to believe this concept of being able to earn money without doing anything.
It is true that you wont be able to earn anything if you do not do ANYTHING!
Lets view it this way, if Bill Gates were to stop working for a day, will he still earn money from people purchasing his already well established Windows product
He does! And that earning is what we call passive income.
This earning is possible for everyone as long as you know how to do it right.
Again, online network marketing is providing you with the system of earning passive income.
3. You will never get rich working for someone else.
A handful of people are fine working for a steady paycheck. But if you are reading this, most likely you are not those people.
This has been said many times but it bears repeating You will never get rich working for someone else! Income you generate as a cog in some giant machine is an income that you earn by trading your energy and time. Passive income doesnt work that way!
Passive income can be generated 24 hours a day, 365 days a year!
The only person that will be rich at the expense of your energy and your time is your boss!
4. Work at your leisure.
Creating passive income online provides you with free time to be used to enjoy quality time with your family and friends. By working for others, despite how hard you work, your income will remain the same: your salary!
Having your own online business, you will earn more with more effort you put in.
That sounds more like a fairer deal doesnt it
Online business can be done by everyone at any age. If you are reading this, consider yourself lucky. You can take the step now toward your financial freedom!
Working together with you toward financial freedom,
Copyright 2005 Henry Tanaka.
All right reserved worldwide
Reprinting and republishing of this article is granted only with the credit showed below included. Permission to reprint or republish does not waive any copyright.
Henry Tanaka, a college undergrad whos been making a good income online, believes that with the right guidance, teamwork and persistence, anyone can attain financial freedom through internet. Take a look at his step-by-step method at: