Capitalizing on Social Networking for Joint Venture Marketing

joint venture marketing

Nearly everyone has a Facebook or MySpace page today, and unless you have been living in the Dark Ages of late, you have probably “tweeted” someone through Twitter. Social networking is all the rage, and now businesses are beginning to understand the value of effectively using social networking tools that literally reach millions of potential customers every day.

This article will discuss how to use social networking in your JV marketing strategy to link up with an even broader potential customer base.

Options in Social Networking

One of the biggest draws to social networking in JV marketing is the number of options in social networking today. Some of the choices include:

  • FaceBook
  • MySpace
  • Twitter
  • YouTube

One of the most popular options for professionals today is LinkedIn, which is primarily used to market one’s abilities for the job market. However, businesses are also tuning into the advantages of marketing their business through this social networking site as well.

Another option is to find a niche market website that specifically works with businesses or business owners like you. For example, the Toilet Paper Entrepreneur attracts small business owners with the opportunity to read blogs and post comments regarding running a business today. There are also blogs like Networking Effectively, which is designed to help business owners utilize the latest technology in social networking to the benefit of their bottom line.

Tips for Effective Marketing

Perhaps you have thought about posting your business on Facebook or Twitter, but you are unsure how to use the sites effectively to market your company. We have a few tips to help you navigate the world of social networking with professional savvy:

  • Think about your audience as you are designing your social networking accounts. Are they young and hip, motivated by trendy purchases?  Are they professional yet cutting edge, looking for the best technology?   Make sure your social networking account is in line with your target audience, as well as your current branding strategy.
  • Get the ball rolling with a topical discussion about your product or brand, and listen to what others have to say. You may gain a wealth of information regarding what prospective customers are looking for and how you can effectively reach them through your JV partnership and your advertising campaign.
  • Provide real time information about your business, including current promotions and specials going on in your store. Social networks are the perfect way to cross promote your joint venture.  You might be amazed at the level of traffic you receive when shoppers begin to sniff out a deal.  Think about creating JV combo packages exclusively for patrons of the social networks.  When you build relationships online, you build them for your business as well.

Using social networking to build a business is a free marketing strategy that is already proving successful for many business owners today. While a JV partnership is a good beginning to finding a broader customer base, the use of social networking by you and your JV partner may increase business exponentially. Social network websites appear to be the wave of both the present and the future for profitable business owners.

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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