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Answer Upon - Five Most Common Mistaken Beliefs About Joint Venture Marketing
I want to tell you a little story that could make a wonderful difference in your life. You may already know about everything I'm going to tell you. If you do, you're a remarkable person, and according to the latest statistics you belong to the top 5% of all the working people in the world. You're to be congratulated. If you don't know about the things I'm going to say, you've been holding yourself back, not only on the job but you're also missing a big percentage of the greatest joy in life. I want to talk about your boss and your relationship with him. How you handle this relationship will determine your success
Mistaken Belief #3:
Face it, sometimes work really can get on your nerves. We're only human, and we all have good and bad days. Don't impulsively give up on your job, chances are it is just a nagging case of job burnout. Overload is your brain's way of telling you to take a step back and weigh your options to conquer whatever is bothering you.Figure out what is bothering you and work to solve the problem. Are you dissatisfied with the kind of work you do? Would you rather be doing something totally different with your life? Whatever the issue, it is your responsibility to yourself to analyze the situation and figure out an ac
Here’s a partial list of the most common mistaken beliefs about joint venture marketing. I’ve picked the top five to shorten your reading time, but you can listen to more mistaken beliefs when you tune in to hear me being interviewed by Doug Hudiburg at http://tinyurl.com/cov4d.
Mistaken Belief #1: That There’s A High Risk Of Losing Money.
If you’re like most small business owners, then the fear of losing money is inevitable because you’re probably on a shoestring budget to start with. However, you can’t lose money when you’re paying for results only. You only pay out a commission when your joint venture partners’ clients buy from you. So, you actually get the revenue before incurring the expense.
The only other pre-sale expenses are production costs and printing/postage costs for letters, coupons or vouchers. Whether you do joint ventures or not, these are costs you’ll incur anyway, because you’ll need those coupons or vouchers for other marketing tactics. So, the belief that there’s a high risk of losing money is misplaced.
Mistaken Belief #2: That You’ll Lose Your Clients.
Your clients will purchase other products and services whether you like it or not. So, it would do your business good to recommend what they purchase and make a profit from it.
In fact, recommending high-quality products and services to your clients will strengthen your relationship with them. How? Firstly, you’re shortening their decision-making process by saving them the time they’ll otherwise spend on finding and trying out those products and services. Secondly, by arranging exclusive discounts and bonuses, you’re saving them money. By saving them time and money, you’re adding value to what you already offer your clients, and this will therefore strengthen your client relationships.
Mistaken Belief #3:
I recently completed a Marketing Makeover for an Ad that wasn't generating results for the owner of a Piano Tuning Business.Here is the original ad:======================================== A BETTER PIANOA well tuned and adjusted piano is a beautiful instrument. It is a joy to play and listen to. Each string is raised slightly and then lowered to the true pitch for the most stable tuning. Yes, it is a better piano: because it is well maintained, it will last longer, and its value will actually increase. For a better tuning please call:
Mistaken Belief #1: That There’s A High Risk Of Losing Money.
If you’re like most small business owners, then the fear of losing money is inevitable because you’re probably on a shoestring budget to start with. However, you can’t lose money when you’re paying for results only. You only pay out a commission when your joint venture partners’ clients buy from you. So, you actually get the revenue before incurring the expense.
The only other pre-sale expenses are production costs and printing/postage costs for letters, coupons or vouchers. Whether you do joint ventures or not, these are costs you’ll incur anyway, because you’ll need those coupons or vouchers for other marketing tactics. So, the belief that there’s a high risk of losing money is misplaced.
Mistaken Belief #2: That You’ll Lose Your Clients.
Your clients will purchase other products and services whether you like it or not. So, it would do your business good to recommend what they purchase and make a profit from it.
In fact, recommending high-quality products and services to your clients will strengthen your relationship with them. How? Firstly, you’re shortening their decision-making process by saving them the time they’ll otherwise spend on finding and trying out those products and services. Secondly, by arranging exclusive discounts and bonuses, you’re saving them money. By saving them time and money, you’re adding value to what you already offer your clients, and this will therefore strengthen your client relationships.
Mistaken Belief #3:
Let's start with the good news. You've no doubt heard the statistics: that 9 out of 10 new businesses fail. Well, it turns out that census data show that about 65% of new businesses were still in operation after 4 years. As we dig a little bit deeper, though, the news is more sobering for solo entrepreneurs: Successful businesses tended to be employer firms rather than solo enterprises. And several studies don't even take into account sole proprietorships. A look at the factors contributing to success or failure in these studies, though, can still offer valuable lessons to those determined to succeed.s only. You only pay out a commission when your joint venture partners’ clients buy from you. So, you actually get the revenue before incurring the expense.
The only other pre-sale expenses are production costs and printing/postage costs for letters, coupons or vouchers. Whether you do joint ventures or not, these are costs you’ll incur anyway, because you’ll need those coupons or vouchers for other marketing tactics. So, the belief that there’s a high risk of losing money is misplaced.
Mistaken Belief #2: That You’ll Lose Your Clients.
Your clients will purchase other products and services whether you like it or not. So, it would do your business good to recommend what they purchase and make a profit from it.
In fact, recommending high-quality products and services to your clients will strengthen your relationship with them. How? Firstly, you’re shortening their decision-making process by saving them the time they’ll otherwise spend on finding and trying out those products and services. Secondly, by arranging exclusive discounts and bonuses, you’re saving them money. By saving them time and money, you’re adding value to what you already offer your clients, and this will therefore strengthen your client relationships.
Mistaken Belief #3:
“Your school may have done away with winners and losers, but life has not. In some schools they have abolished failing grades; they'll give you as many times as you want to get the right answer. This doesn't bear the slightest resemblance to ANYTHING in real life.” – Bill GatesIn communist or even socialist governments there tends to be lackluster entrepreneurial efforts. The individual wishing to start the business often finds little in the way of ‘vested interest’ in committing their time and talent to something they will never really be able to benefit from.After the collapse of Russia a new way o
Mistaken Belief #2: That You’ll Lose Your Clients.
Your clients will purchase other products and services whether you like it or not. So, it would do your business good to recommend what they purchase and make a profit from it.
In fact, recommending high-quality products and services to your clients will strengthen your relationship with them. How? Firstly, you’re shortening their decision-making process by saving them the time they’ll otherwise spend on finding and trying out those products and services. Secondly, by arranging exclusive discounts and bonuses, you’re saving them money. By saving them time and money, you’re adding value to what you already offer your clients, and this will therefore strengthen your client relationships.
Mistaken Belief #3:
Please stop emailing us We have been getting alot of email from other retailers that sell leather apparel complaining that we have way under priced our Leather Items. (Get over it already and STOP emailing us). We opened this business because of these other companies that have way over priced there leather apparel. If you think we are cheating you out of any businnes then lower your prices.We opened in 2005 and business has been GREAT! We have never had an unhappy customer. Our Customer service is probably the best on the internet. If you don't see what you are looking for, We can and will find
Mistaken Belief #3: That Doing Joint Ventures Will Eat Your Profits
Most small business owners would rather struggle to get clients, and get mediocre profits at best, instead of sharing the profits with a joint venture partner that sends clients their way.
They don’t realize that joint venturing actually eliminates the risk of wasting money. For example, when you pay for an advert, you have no clue whether it will generate responses or not. So, you’ll lose money if the ad fails.
With a joint venture, you only pay for results. So, giving a percentage of your profits away has got to be better than flushing the money down the drain… because that’s what happens when you spend $300 on an ad that doesn’t generate responses.
Mistaken Belief #4: That Joint Ventures Are Complicated
Of course there are complicated joint ventures, but there are so many simple and short-term joint ventures that a beginner can start with.
It only starts getting complicated when you’re looking at joint ventures like the one between Merrill Lynch and HSBC a few years ago. The two banks combined logos and actually had a service called Merrill Lynch HSBC, which had a building on Regents Street in London. That might have been profitable for Merrill Lynch and HSBC, but you don’t have to do that if you don’t have the tools or resources.
Any small business owner can do joint ventures that are a lot simpler. For example, you could host a seminar with your partner and both promote it to your client lists. You’ll both walk away with more clients and huge profits.
Mistaken Belief #5: That Joint Ventures Require A Lot Of Time And Effort.
Of course time and effort go into the preparation. However, joi
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