A joint venture might be the thing that will take your business to the next level. Here are some tips to do just that. In order to start the transaction you need to do these things. Find a business you want to partner with, off extra free value to their clients, make your joint partner look good while getting exposure. Make sure you select the right partner who shares similar goals. Ask them and give them a trial so they can see if they like it.
- Even businesses with quite different purposes can work together when they are targeting the same group of people.
- For example, a health practitioner, offered free screenings to young mothers, who had children playing at the nearby play center, which was a partner with the practitioner.
- When wooing a possible new partner show samples of your work, or service, and remember that a face-to-face meeting is usually better.
“When working with your new clients, make sure you deliver the best product or service possible, don’t do a half-job just because it’s free otherwise you don’t have to do a joint venture at all! The purpose of this is to over-deliver and impress new clients so they come back for more and tell their friends and family about you.”