How to Team Up on Joint Ventures

joint venture picTeaming up with another internet marketer on a joint venture project is a great way to grow your business. A joint venture is when two or more people get together to form one product. This can take the form of a special report, an e-book, an audio recording or even a membership website.

This is an excellent way for two or more people to promote their services together. You will share in the work and the profits. For example, maybe you have a website devoted to cooking, and you know another internet marketer who happens to be great at recording audio. The two of you can team up and create an audio information product about cooking. Or perhaps you know a writer and you can team up with them and create an e-book.

Once you have an idea for a project, you will need to find someone to team up with. Using the above example of the cooking website, let’s say you want to team up with someone who has a site focused on children and create an e-book featuring child-friendly recipes. Start researching websites that focus on your target market. Once you find a few that you like, email the website owners and ask if they are interested in this type of project.

You can also visit business related websites and forums. You will get to know the members, and can find people to team up with there. You will also more than likely be allowed to post messages asking for partners on projects.

It is a good idea to interview several potential co-workers before you make a decision about who you form a partnership with. If you are not familiar with them, you may want to ask for samples of work they have done in the past. Make sure your personalities match, as you will be spending time together on the project.

You will also want to make sure that everyone involved knows exactly what type of work they will be doing for the project, and when the deadline is. Don’t assume people will work on the same schedule as you. You may be an overachiever, and expect a deadline of a week and the person you are working with assumes there is a deadline of a month. These misunderstandings can create conflicts and negative feelings. Put everything in writing ahead of time to avoid these problems.

Joint ventures can be a fun way to get to know other internet marketers and collaborate on projects. You may really enjoy the process of brainstorming together and creating something to fit both of your target markets’ needs. Plus, you will be expanding your market at the same time, and you’ll only have to do half the work.
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Julianne Alvarez-Wish is a military wife, mother, business owner, professional writer, blogger and legislative advocate. She is the Colorado State Leader for the National Association for Moms in Business and the owner of The Wish Place. She is the Colorado Springs Stay-at-Home Mom Examiner for Examiner.com. She also blogs at A Wishful Thought. Her passion, purpose and goal is to help parents work from home so they can be home with their children.

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