3 Secret Strategies to Improve Joint Venture Today

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Home Marketing 3 Secret Strategies to Improve Joint Venture Today
Published on February 14, 2016

You may not have previously considered joint venture and partnerships as a way to increase the amount and type of content that you produce, but they can be very effective.

Joint ventures are short partnerships to work on a small project together such as co-writing a book, or hosting a podcast together.

Even joining together to blog about topics together can be a type of joint venture if you both agree to promote each other.

Joint ventures and partnerships are also a great way to build trust with your audience as well as expand your audience.

By joining with someone else who is well-known, you will automatically be seen as more well-known and trusted than you actually are.

Even if you are both equally known and trusted, you automatically double the awareness of your business.

Double the awareness can equal double the trust. The combined years of experience will add up to more trust from your audience and a bigger audience, since you get access to your partner’s audience.

Start Small to Test the Waters

Start small with a short-term joint venture to get your feet wet. Try co-writing a short eBook to publish on Kindle, or create a free PDF report to give away to people who sign up for your newsletter.

Then move toward working on a longer term project together after you know that you work well together. A joint venture or partnership can be between two or more people.

You can meet people to JV with by joining mastermind groups online and at in-person events.

Here are three tips for joint venture:

Guest Blog and Cross Blog

joint ventureWhen you joint venture with someone you can combine forces to create even more interesting content to market your business.

For example, people who joint ventures together can agree to post guest blog posts on each other’s blogs, and to send out information about each other’s products and services in their various newsletters.

This will help you (and them) get known by a new audience.

Create More Content

Interview each other in writing, video, and audio. Use the content to promote your business and your partner’s business.

By working with other people it’s almost like duplicating yourself. The efforts you make together will pay off for a long time to come.

You’ll expand your audience, boost your expert status, and as you do that the trust your audience feels for you will grow.

As your audience trusts you more, they’ll be more likely to spend money with you, as well as take your advice on products and services they should use.

Don’t feel like you have to stick to just one JV partnership, but don’t put too much on your plate at a time.

Make each JV limited in time and scope so that you can move on to other joint ventures. The more partnerships that you participate in, the larger your audience will grow.

The best people to JV with are those who market to your target audience but who aren’t really direct competition.

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