Tips on Approaching Joint Venture Partners
When launching a business, it’s important to understand that everyone has a different skill set. There may be one person who knows how to build a fantastic new way of pumping water, but he has no idea how to market it. In contrast, there might be someone who can build a business website, but has nothing to sell on a website.
It’s a common problem, and because of it, many great ideas never even get off the ground, no matter how revolutionary they are. It reminds of my childhood, when my father invented a revolutionary new water delivery system, but with no one to market it for him, it fell through the cracks.
Instances such as this one are where a Joint Venue Partner comes into play. If you have a great idea, but neither the money nor the knowledge to market it, then you can seek out someone who does have the money and the knowledge.
Your Joint Venue Partner will either put forth the money to help your business thrive, or will design the website you need to let the world know that you exist. When your business takes off, both of you split the profits and reap the benefits of your hard work.
Find These Joint Ventures
It sounds great, and it is, but the big question is, how does one locate a Joint Venue Partner? It’s a big world out there, and it may be hard to find that the right person to form that symbiotic relationship with you and your company, but believe me, they?re out there, you just have to find them. There are marketing forums out there, such as Warriorforum, which you might post on, stating that you are looking for a JVP, or in the best case scenario, you may encounter on one of these forums, a person who is looking for the same thing you are, it’s a perfect matchmaking scenario that you should take full advantage of.
The Approach
The next question, of course, is how to approach someone about being a Joint Venture Partner. If you are seeking funding, then know that a person will not give their money away any easier than you would give away your great new idea. Therefore in approaching someone, you must be professional, and both spelling and grammar must be top notch. Let’s say that you see a post on a marketing forum, and you think you’ve found someone that would be a great fit. You can either post on the forum, or you can send them an e-mail. If you were to send them an e-mail, it might go something like this:
To Whom It May Concern,
Greetings, I found your post on <forum name> and it occurs to me that we are both perusing similar goals. I have invented a method of producing synthetic strawberries using a state of the art replication system, and you are looking for great new ideas with which to start a business and invest in it. I would like to further discuss with you ways in which we might both profit from this great new discovery, and would appreciate it if we could sit down over coffee and discuss. Please contact me if you have any further interest, and of course, I have references listed below.
Reference 1
Reference 2
Reference 3
It’s quite important to state what you wish to market, but to also provide references so that the person you are contacting can research you and ensure that you are not a fraud, as unfortunately, fraud is a common occurrence on the Internet today, especially when anyone, can be anything, since no one can actually see your face. There is not guarantee that you will find the right person right away, but if you keep at it, and work hard, there will be no end to what you can accomplish.
Some Great Tips To Get Them
- Try to get their MSN or Skype and build a relationship through the online conversion with them
- Interview them to allow them to get to know you better first before you approach them
- Be kind and polite, you will be surprised how many nasty JV emails I get everyday
- Always think in way, WHAT IS IT IN IT FOR HIM? Do not think for your personal gain first.
Do Remember To Follow Up Too!
If you are trying to get someone who is a real important joint venture for your business, you must remember to follow up your request for your joint venture and this is real important when it comes to closing the deal. As most successful businessman, we are all busy and he or she may have missed out your email or simply is too busy to accept any joint ventures at the moment.
This is a great idea Alvin. Thank you. I do believe I will put it into practice. My first step, looking for those to joint venture with.
Have a great week.
Elizabeth
Elizabeth Stanfill’s last blog post..DESTRESS YOURSELF BY WAKING UP GRATEFUL EVERYDAY
Your post is most timely for me. Finding JV partners can be very hard if not approached in the correct way. You have given us a simple, straight forward way to approach potential JV partners.
Thanks
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DITCH IN THE HEARTS OF HIMACHALIES IN RAILWAY BUDGET 2009-10.
My heart compels me to write something hard on the Railway Budget presented by Mamta Banerjee, Union Railway Minister, for the year 2009-10. India became an Independent Country on 15th of August, 1947, every body know it. Prior to this British Government constructed two nerrow Guage Railway Lines in Himachal Pradesh i.e. one from Kalka to Shimla and the other from Pathankot to Joginder Nagar. These railway lines were not constructed by them for the confort of Himachalies but it was done by them for their own confort. After independence , the democracy came in the country and people elected their representatives and democratic elected Governments came into existance . Till date, no central Government thought properly and applied their minds for the development and welfare of Himachal People. It is 61 years laspsed , Himachalies have not seen and even dreamed for Railway lines in this small hilly State which has been termed by the several leaders of political parties as a Sweterzerland . How it can be Sweterzerland without any borad guage railway lines constructed in this State during these 61 days by the people elected Governments. Rather it is shamful. I have no other strong word to criticise the Union Railway Minister and the Union Government for such type of ignore of people of this hilly , peaceful State which is an inegral part of India. This state is giveing Electricity to the entire country from Water Dams constructed on the Rivers passing through this State. This State is giveing irrigation facilities to the states of north India from its river water. What central Government has given to the people of the State till now with regards to the promises in respect of construction of broad Railway lines. The peaceful people residing in this Dev Bhumi state wants that Union Government should act immediately and sanction the Railway lines put in the pipeline for the long long time otherwise the time will come that people had to break their peaceful nature for getting their share of the State in Indian Territory as is being given to other States of the country .
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weaknesss of Indonesian blogger are just not how to being a Joint Venture Partner, even to speak English were very difficult. But this article helpfull for me, to try practice it.
Thanks
Hello Alvin,
You know this is the about the only thing I have’nt participating in internet marketing. Of course, I’m not making it like I should be also. I’ll try to put some of your ideas in practice to see what happens and hopefully gain some business because of it. Thanks for sharing.
Butch