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"The first way that joint ventures benefit teleseminars is with promotions. You will have a limited amount of time to promote your product, and if your joint venture partners have email lists
of their own, this is where those promotions should start."


Joint Ventures and Teleseminars


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The first way that joint ventures benefit teleseminars is with promotions. You will have a limited amount of time to promote your product, and if your joint venture partners have email lists of their own, this is where those promotions should start. You will get a high number of participants in a very short amount of time, simply because the joint venture partner recommends the event to their list.

Joint venture partners may also be guest speakers at your event. Typically, they will collect a percentage of sales made through the event – or even for the event if there is a fee for participation. They also generally have an opportunity to promote their own product during the event as well.

Joint venture partners are also good ways to get special bonuses or special prices for your participants. When JV partners have a stake in the profit of the event, they will often 'donate' one or more of their related products as bonuses, or offer to give participants a special price on related products.

You can easily locate joint venture partners with the help of a broker, who will expect a fee for their service. However, some brokers ask for a percentage of the proceeds of the joint venture arrangement in lieu of fees. You can also approach potential joint venture partners yourself, without the help of a broker.

If you are approaching a potential joint venture partner, try to get a mutual friend or contact to introduce you. Whether you are able to do this or not, you must present a joint venture proposal that not only

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explains to the potential JV partner what you are trying to do, but you must also show them what is in it for them.

If the benefits of participation are attractive enough for the potential JV partner, you won't have any problems at all getting people in your corner. The important thing is to make the deal attractive and to remember that nobody wants to spend their time or put forth effort for something that does not benefit them enough.

 

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