How to Use Joint Venture Marketing to Increase Website Traffic

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Joint venture marketing is a beneficial way to get your business noticed when you are just starting out in your sector. The ability to link with a more established business is an excellent way to build credibility and a customer base quickly and effectively.

One of the biggest advantages to JV marketing is that you can increase traffic to your website much more efficiently than by simply using search engine optimization techniques. We will show you a few ways to use your JV partnership to your fullest advantage when it comes to building website traffic for your business.

Backlinks

Backlinks are used to link traffic from one website (your endorser) to yours. Backlinks provide two purposes; they raise your search engine ranking and they help customers find you on the Internet.

To ensure you get the most from your backlink, you should not simply purchase it from another website (which is not only a black-hat strategy, but costly as well). Instead, you need to get your link by mutual agreement, such as a JV partnership. The way to build this type of business relationship is to find a website for a related industry, so the traffic at the original website will be more likely to be interested in what you are selling as well.

It is also important to analyze the website you will put your link on, since sites that get little traffic themselves, or link to illegal websites, may not build your traffic and may even lower your standings in the search engines.

Blogs

Blogging is the way to inform and interact in the 21st century. Many business owners develop their own blogs because people are often more likely to read content than pay attention to an advertisement. If your JV partner also has a blog, you can direct customers to each other through your blogs. This is mutually beneficial, since traffic increases to both websites, which means higher revenues on all sides.

Recommendations

If you find a JV partner who is larger and more established, you can rely on that business for recommendations for your goods and services. Your JV partner may put a link on his website, recommending your business for a related or highly specialized type of product or service. Your traffic immediately increases exponentially because your JV partner already sees a significant amount of traffic each day. More traffic means more sales, especially if the customers directed to you are already interested in what you have to offer.

Content is King

Once your customers find your website, the key is to keep them coming back for more. To encourage customers to sign up for your regular email correspondence, provide content on your website that is informative and entertaining. Your articles will draw your customers to your business and make them want to find out what you have to say next. When you have a good customer list for your opt-in marketing program, you build sales by maintaining regular contact that allows you to alert them to new products and special promotions you are offering.

JV marketing is an excellent method for building high-quality traffic to your website. When your customers come to you, your sales will effectively increase.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free Joint Venture Marketing Wealth Report.

Five Ways Joint Venture Marketing Can Build Your Business

Joint venture marketing is a relatively easy way to build your customer base without exorbitant advertising costs. This marketing approach takes full advantage of the experience and reputation of a company in a related field to help you find new clients and get your company name noticed by the people who matter.

There are many ways that joint venture marketing can improve your bottom line, and five of them are listed here.

Reputation

When you are new to your industry, it may be hard to convince potential clients that you have what it takes to keep them happy. However, when your name is associated with another established company within your sector, it automatically gives you credibility in the eyes of clients.  With your name linked to another company, it is much easier to get out and network with other professionals in your field, which will build a positive relationship with the general public and your specific industry even further.

Cost Effectiveness

Some small business owners shy away from “playing with the big boys” because they fear that they don’t have the cash to ante up. However, joint venture marketing is a relatively cheap way to get your business noticed because there is rarely cash to put up front at the beginning. Instead, a company works with you for a share of your profits. While the share might be large at first, the customer base you build will be well worth the investment. Because there is no need for capital at the beginning of the venture, you can start your JV marketing adventure any time.

More Exposure

Exposure is essential if you want to attract more customers to your business, and what better way to expose yourself than with the help of a bigger, more established company in your sector? While your website might see relatively few hits each day, your JV partner may see tens of thousands of hits regularly, and all of those potential clients will find your business name as well. That is an abundance of advertising for very little cash, which is why most small businesses would benefit from this type of arrangement.

Better Competitive Edge

If you want to compete with the bigger companies, you have to get your name out where customers are looking for them. Smaller businesses have serious challenges in showing that they are capable of providing the same goods and service as larger competitors. However, when your name is associated with those larger companies, customers automatically link your business to bigger ones. This gives you a competitive edge, because your company is weighed with the rest of the “big boys” when the customer is ready to spend.

Profits

The bottom line is the bottom line, after all. Some businesses are skeptical of their ability to turn a serious profit through joint venture marketing, since they are offering a lot of their profits to their partner in the beginning. However, the success of this marketing method proves that the ability to attract a multitude of new clients and build a serious reputation in your industry far outweighs the initial costs of a JV partnership.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free Joint Venture Marketing Wealth Report.

How Joint Venture Marketing Increases Consumer Confidence

Online businesses abound today, allowing business owners to attract a global market no matter how large or small their company might be. However, online marketing provides its own unique set of challenges, particularly in the area of consumer confidence.

While a brick and mortar store can create an environment that attracts customers quite easily, it is not so simple to provide the same type of environment in a virtual store. One way to build this consumer confidence is through joint venture marketing, where you can capitalize on the reputation and popularity of a more established business as you are building your own.

Why Consumers Spend

To understand how JV marketing plays into consumer confidence, it is important to explain why consumers spend their hard-earned dollars in the first place. Psychology plays a key role in getting customers to open up their wallets. Many studies have found that people are willing to purchase products that are effectively advertised, whether they “need” the products or not.

The key to building your business is to find those effective advertisements that will inspire consumers in this fashion. Joint venture marketing falls into this category perfectly because customers who like one company’s products are also more likely to want the products offered by businesses associated with that company.

What’s in a Name?

Plenty, when it comes to corporate branding! Corporate branding is the process of helping customers identify your products and company apart from the competition. Branding sends a strong, consistent message to your customers every time they see your company name or logo. It builds customer loyalty and as a result – profits.

However, when you are a new business, it can be hard to establish your branding with the general public. One way to get customers to recognize you quickly is to associate your business with another company that is already established with the customer base you are trying to attract. While customers may see you in the shadow of the larger company at first, you can eventually build your own corporate branding so customers begin to recognize your name apart from your JV partner.

Reputation

Reputation certainly builds consumer confidence, but it is hard to establish a positive reputation when you are a relative newbie to your industry. By riding in on the coat tails of an established company, you can create a reputation for your business much more quickly. When customers associate you with a business they already trust, they will be more likely to trust you as well. If you provide consistent quality in products and service, it won’t be long before that reputation will transfer from your JV partner to you.

Joint venture marketing is about more than business; it is about understanding your customers’ needs and motivations. When you partner with another company in your industry, you can speed the process of building your reputation and consumer confidence. While potential customers may initially associate you with your JV partner, they will eventually see you as a separate entity that can successfully meet their needs. The process is expedited through the JV approach, so you see a rise in your bottom line and customer base much more quickly and effectively.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free Joint Venture Marketing Wealth Report.

How the Dog Whisperer Can Help Your Joint Venture Relationship

Forming a joint venture can be wildly successful, and it can also become a headache. Joint venture partners come in all shapes and sizes. And though most entrepreneurs and business owners are professional in their conduct, many are still difficult to deal with, and personality conflicts can arise. So what can you do to help assure a sound relationship with your JV partner?

Take heed of advice from Cesar Millan, also known as the “Dog Whisperer”. Cesar has become the leading expert in dog psychology and dog rehabilitation. Although his strategies are aimed at canine “pack” instincts, his psychology can work well for joint venture partners as well. Here are some examples:

Calm-Assertive Energy

Cesar advocates that all dog owners display calm-assertive energy. An owner should show a dog that he or she is the pack leader using compassionate and calm methods. Yelling, nervousness, and anxiety are not good qualities of a good calm-assertive leader.

This tip doesn’t mean you have to set yourself apart from your JV partner as the “pack leader”.  Nor does it mean one of you must become the “calm-submissive” type that will obey the commands of the leader.

How this can benefit you and your JV partner is that you both display assertive behavior without becoming emotional. Energy is calm, and both are in control of all communications and tasks.

Set Rules, Boundaries, and Limitations

Cesar teaches that dogs must have rules, boundaries, and limitations to know how to respond to different situations. Your JV is just the same. Both you and your JV partner must set rules, boundaries, and limitations so you both are clear on your roles and responsibilities.

For instance, can you contact your JV partner any time of day? Do you have permission to access your JV partner’s facilities? And likewise, does your JV partner have permission to utilize your equipment? All this and more need to be pre-determined before the JV goes into effect. Your rules, boundaries, and limitations will help you and your JV partner know exactly what to expect from each other.

Clarify “Issues”

An unstable dog is unclear about its role. This causes anxiety, aggression and fear. Cesar Millan teaches that a dog must trust his owner to be a pack leader and know its role in the pack.

Likewise, you and your JV partner must know your roles. Who will perform the marketing? Who will keep the books? Who’s in charge of production? Clarify all these types of issues and you will have a more successful JV “pack”.

Achieve Balance

Ultimately, you want to achieve balance with your JV. Much like Cesar advocates for dog owners, balance creates a harmonic, productive, and happy life. Set and know your limitations and boundaries. Set up roles for you and your JV partner. Let Cesar Millan’s experience with canine psychology teach you similar lessons in JV psychology. All elements should be balanced so both parties are happy with the effort, as well as the outcome.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free Joint Venture Marketing Wealth Report.

How To Double Your Profits With a Joint Venture

How can you double your profits with a joint venture? Just ask Watsco, Inc.! In July of 2009, the company completed a joint venture transaction, and by the end of the year, their 4th quarter net income doubled from the previous year. The earnings information was just released in February 2010 and has sent the company stock soaring.

How Watsco Doubled Earnings

What did Watsco do to provide such a jump in their revenue? The company capitalized upon the demand for more efficient air conditioning and heating in the U.S.

Watsco is a Florida-based company that specializes in the distribution of heating and cooling products and equipment. A joint venture was formed in 2009 with Carrier Corporation, a leading manufacturer of air conditioners and furnaces. The JV was intended to increase the market position and add new product lines.

They succeeded.

How the Joint Venture Worked

Watsco determined that there was a need and potential demand for replacement cooling and heating systems, especially in the Sunbelt region of the U.S. Thanks to U.S. government tax incentives for installing more energy-efficient appliances, homeowners started demanding these products be installed before the tax incentives expired. Watsco heard the call and responded.

The joint venture allowed Watsco to expand their distribution across the country, as well as expand their market base from mainly contractors to general retail outlet stores. It also provided working capital to expand its business and develop new products to fit the needs of the market.

The End Result of the Joint Venture

The result was extraordinary. By operating from 505 stores in 34 states and serving over 50,000 contractor customers with over 4,500 employees, Watsco’s new Carrier Enterprises LLC trumped the competition.

However, the new LLC doesn’t just sell the Carrier brand appliances. Thanks to the Watsco distribution contacts, it also built a strong product line up of premium HVAC products, all of which are built with the latest energy efficient technology.

This synergistic approach to market demand was successful. By taking a keen eye to potential market demand, Watsco’s strategic alliance with the Carrier brand and outlet stores filled a niche. Just in the 3-month period from October to December 2009, the joint venture saw an 82% increase in sales of energy-efficient products. Total Q3 revenue for Watsco increased 68% to $563.6 million and ended with a net profit of $7.1 million. That is a 54% increase of net profits from the same period in 2008!

What You Can Learn from This Case Study?

What can you glean from Watsco’s success? Take heed of their strategy:

• Watch for consumer trends. Markets constantly change as do demand for particular products.

• Find the niche. Watsco saw the potential niche for energy efficient products thanks to consumer demand and government tax incentives.

• Find the right and most strategic partner. Watsco partnered with the popular Carrier brand of heating and cooling products. This helped increase Watsco’s potential distribution channels and increased exposure to other quality brands.

This is a great example of how a joint venture can result in synergistic results. Though you may not have the same profit results, a strategic joint venture can help you capture new markets and see an increase in your sales.

Christian Fea is CEO of Synertegic, Inc. A Joint Venture Marketing firm. He exemplifies how to profit from Joint Venture relationships by creating profit centers with minimal risk and maximum profitability.

To discover more Joint Venture Marketing Strategies join his free Joint Venture Marketing Wealth Report.

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