Joint Ventures: 8 Awesome Ideas To Boost Your Web Business!
A joint venture is when two or more companies work together in a partnership for a period of time. Joint ventures are frequently used online because two companies together can often accomplish much more than one alone. Joint ventures maximize the possibility of beating your competition online. Here are 8 cool ideas that will show you just how profitable joint ventures can be.
1. Link exchanges with related websites are the most popular joint ventures online today. Link exchanges are not only completely free, but they are also long-lasting. You can guarantee that your link will remain on your website for a long-lasting period of time. Doing link exchanges with websites on the same topic as yours also generates a stream of incredibly targeted visitors that you can be sure will be interested in your product or service.
2. Combine your product with another website’s product to make a bundle. You can split the profit, and due to the fact that you both advertise your product, you will get much more sales. The fact that your package is larger means that you could charge more, but at the same time the customer will feel that they are getting good value for money if the package is useful.
3. You could make a website with another company and share it with each other. Since they will both be advertising and marketing the same website, you will get twice as many visitors as before. Just make sure that you share a website with a business that has the same target market as you because this way you will benefit from the visitors they bring to the website.
4. Exchange testimonials and positive reviews about each other’s products. This will give customers the confidence to buy from you knowing that they have received a testimonial from a reputable company. You can also include your web address at the end of your testimonial which visitors will flow through and thus this is another advantage.
5. Advertise on the email lists of others. Using individual emails to advertise your products and services is an amazing way to make sales fast. This high-quality advertising with guaranteed results is also 100% free. Similarly, you could exchange advertisements in each other’s ezines or in each other’s autoresponders.
6. Find a web business that has something you need and use it in exchange for giving them something they lack. For example, if you have a new and exciting eBook, but no list to advertise on, then you could create a joint venture with a company with a large and responsive list. You could say that if they sell your product to your list, they can keep 50% of the profit and give you the other half. Although 50% sounds like a lot, it’s the going rate on the internet right now and you’ll be forced to find a better deal than this.
7. Exchange resources with other sites to make your resource more useful to their visitors. If you offer information products on your website, look into exchanging these products with other information sites. You can take something from their site for free that you need, and they can take something that they need. This is one of the most effective and inexpensive ways to create a great resource on the subject of your website very quickly.
8. Write a promotional ebook or software program with another Internet business. This way, you only have to do half the work to create the product. Include your ad and website address frequently in the eBook and your visitors will skyrocket thanks to the power of viral marketing. Be sure to submit your product to free sites to get maximum exposure.