Business to Business Partnership Basics

All successful B2B partnerships have a few basic principles in common regardless of the industry the businesses are in and the type of partnership. A business relationship not structured to mutually benefit both parties will eventually fail if the goals of both companies not aligned with the business deal. Every B2B relationship that is implemented correctly will have several layers of corporate partnership training to make sure everyone understands the relationship and what their roles are in executing the details outlined in the partner agreement. The training should outline the communication processes for both lower level employees that will be interacting between the two companies as well as outlining basic communications and updates between executives. By maintaining an open line of communication, problems can be fixed quickly and allow small hiccups to be non-issues instead of festering and creating problems that can lead to the unraveling of an otherwise successful business to business partnership.

Mutually Beneficial Partnership

Every business deal should benefit both companies. Benefits can come in many ways ranging from an increase in revenue, reaching new customers, branding with an industry leader, access to resources, additional product/service offerings and many more. However, a relationship that is not structured properly will lead to one company to begin to show disinterest in the relationship if the deal flow or perceived benefits do not materialize. Expectations should be discussed early on in the negotiation phase of developing a partnership so that both parties understand the costs and benefits associated to a new partnership.

Corporate Partnership Training

Just signing an agreement with a new partner does not mean that the deal will ever be implemented. The most important activity to occur after creating a new business relationship is to make sure that training about the business relationship occurs. This may require your business team to spend significant time educating a new partner about your business. Do not expect to be able to send a few web links to be shared with a new partner. Making a training binder that has all of the information needed for both executives and employees is critical. This will allow a new partner to quickly get their staff up to speed about the deal and the opportunities that are available in the new relationship. It’s best to have an easy to use binder to train new employees that come on board after the relationship has been in effect for some time.

Open Communication

Failure to communicate and solve problems when they happen will lead to major issues and possibly result in the termination of the B2B partnership that otherwise could have been successful. It’s always recommended that there be two points of contact between the partnering companies, in case someone is out of the office or not available. This tends to be most important when the issues revolve around customer service as no one wants to lose a long standing customer due to a partner problem. Executives should set in advance regular update meetings and times to review the partnership, discuss new opportunities to expand the relationship and review any financial documents due to co-branded marketing funds or revenue shares. This way everyone feels they have adequate information about what is going on with the business deal.

Develop a business partnership that benefits both companies and ensure that everyone involved in the relationship is completely up to speed with the deal. This is critical to the success of the partnership. Make sure there is an open line of communication to fix problems. Follow these core principles when creating a B2B partnership to avoid issues that may be problematic but more operational in nature and easy to fix since the deal is based on a solid foundation.

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.

Discover more Joint Venture Marketing Strategies join his free report on Joint Venture Marketing.

Strategic Business Partnerships Grow Small Businesses

Developing strategic business partnerships should be part of every small business owner’s growth plan for the company. A strategic business partnership has several benefits for the companies involved including: access to existing customers, quick penetration into new markets, enhanced branding, and others that may not be so apparent such as cost reduction benefits from utilizing a partners employee base or getting price breaks from suppliers due to an increase in orders to fulfill new demand. The best business executives and small business owners understand that it is very difficult to execute growth plans alone and aligning with other companies that have mutual interests and a shared target demographic is the right solution. Building a successful business partnership has its difficulties and limitations as well, but the time spent in researching, negotiating, and finally implementing a new strategic business partnership can result in a tremendous return of investment that would rival any internal efforts in the same amount of time.

Find New Customers in Target Markets

The cost of acquiring a new customer is never cheap. However; by aligning with the right partners that can deliver clients a small business can then focus on providing a high level of customer service and getting the most out of what strategic business relationships provide. After a company’s executives have decided that forming business partnerships is the right path for the business, it’s important to research and identify a strategic business partner that can either lead you to many future business partners or has a large existing customer base in the area you intend to service. Just because a company has a large number of customers and they’re in a similar industry does not always mean they will be the right choice. The potential new customers need to be in a geographic location that you can easily service unless the partner is willing to take on additional roles and responsibilities, which could range from sales calls to product delivery to customer service.

Strengthen Brand and Marketing Capabilities

The right strategic business partner should elevate the business’s brand and reputation in the industry that it services. When researching and identifying a partner make sure to take note of how the other company is viewed by its customers, competitors, and the market in general as any positive or negatives will rub off on your brand due to the execution of a business partnership.  This can be the quickest way for a small business to achieve name recognition within its industry, by developing a relationship with a large business that already commands respect and is known for delivery high quality products and services with excellent customer care. It is critical during negotiations to fight for co-branding, which may be difficult depending on the nature of the business relationship. If a major concern is being overshadowed by a partner in marketing due to their size and resources than it’s important to make those concerns known prior to moving forward. However, for many small business owners the right strategic partner may be simply white labeling the product or service and not co-branding at all in order to provide a seamless experience for their customers. If the revenue numbers are going to be high enough does it really matter, whether or not the end customer knows the brand?

Growing a business is never easy, but with great partners it can be much more rewarding experience. A small business owner that embraces the ideas of forming strategic business partnerships that are mutually beneficial is much more likely to succeed than the one that wants to go it alone or do it their own way every time.

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.

Discover more Joint Venture Marketing Strategies join his free report on Joint Venture Marketing.

Is a Daily Deal the Right Marketing Strategy for Your Business?

Companies like Groupon and Living Social have developed large networks of customers that are actively seeking new products and services. Whether to participate in a daily is a big decision to make for a small business owner that is looking for exposure to a large existing customer base in their area. The deal sites are known for taking a significant portion of a daily deal and the price being charged to the end customer is already usually below the price a company would normally charge for their services. This is what attracts the huge number of potential customers, however, if done without fully thinking out the true costs of providing the deal and servicing the influx of customers a business can go take a massive financial hit if customers do not stay around and make purchases in the future.

A joint venture marketing relationship with other local businesses may not have the overall reach that a Groupon or Living Social has in a specific demographic, but the revenue share terms will likely be much more favorable and still present your product and service to your target demographic. A daily deal can be great one time marketing campaign for some businesses and so it should be considered as a strategy for any business.

Issues with Groupon to be aware of:

1. Many small businesses have lost considerable amounts of money due to the deals that they have done. Groupon sales reps are not there to make sure that the deal is an ultimate success for your business’s long term future, only that the deals are sold at the best price and revenue split for Groupon.

2. While some companies have received decent terms from Groupon others have had a worse than 50% revenue share with the deal site.

3. Many of the customers are only there for the cheap prices and are not your customers, they are Groupon customers and will be purchasing another deal from another provider the next time they need the same product or service that you provide.

4. People will travel to your location for a great deal, but may never return due to the longer distance from their home.

5. It can cheapen your brand. Customers that know you and made a purchase through Groupon or Living Social may resist paying full price in hopes that you’ll do another super sale in the future.

There are other issues to be aware of such as brand control, customer satisfaction, upsetting existing customers who did not purchase the Groupon deal and many more. Unless your business really needs a last ditch effort to reach as many customers as possible, a different approach to customer acquisition would be best.

Find the right business partners that have your target demographic as their existing customers and create a joint venture marketing relationship that allows both businesses to equally benefit and grow rather than getting a daily deal site rich.

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.

Discover more Joint Venture Marketing Strategies join his free report on Joint Venture Marketing.

Rebranding a Product or Company to Attract New Clients

It is always a serious decision rebranding a company even when new clients have been few and far between. It’s also a major decision for just a single product or service to be changed due to the resources required to make the necessary changes, but if sales have been slow and there is limited positive engagement with the target market a rebranding might be what the business needs to get new clients walking in the doors. The obvious reason for a company to drop its name, logo, etc. is to cover up some really bad PR or other blunder that has done irreparable damage to the company’s image with the market, but sometimes a new look can be done deliberately to realign with the market and set a new course for the company that results in new clients.

A Name Change

A rebranding can be as simple as a name change and new image in the form of a logo. This is common among software companies that are able to quickly adjust the skin of their product and who will carry several brands at the same time of the same product depending on the market being sold to. A name can be the perfect fit when incorporating, however as businesses grow and take advantage of new opportunities that present themselves a name can start to limit the company. When a business has a very specific name like “Joe’s Baseball Supplies” it can reduce opportunities in selling other sports equipment which the company may have grown into and a simple switch to “Joe’s Sports Supplies” fixes the messaging problem with the company name. If the name of a product is not very easily searchable on Google it’s a good idea to consider rebranding a product or company under a new name that is more search engine friendly.

Research and more research

The goal behind creating a fresh look is to make a pivot in the market that attracts new clients to the company and should be based on heavy market research data and focus groups to ensure the new messaging has the best chance for connecting with the audience. When evaluating a rebrand look at every aspect of the company from the marketing collateral, company logo and name to the way customers interact with the company and how they receive the products / services and are provided customer service. Analyze the competition and talk with key business partners about how changing the image of the company will impact their abilities to support your business in the partnerships you have established.

It’s critical that you understand how each business in your ecosystem will respond to the new look and feel of the company and educate them about the improvements you are making ahead of public release. Continue to conduct research as elements of your rebranding are put together by conducting focus groups with existing customers and the target markets the business is considering expanding into when the transformation of the business is complete.

Plan a kickoff party for the new company brand and invite business partners and important clients to the event. This is a great opportunity to promote a new product or company image to a larger group. Inviting press and releasing information about the new image on the company website and social media platforms should coincide with this kickoff event.

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.

Discover more Joint Venture Marketing Strategies join his free report on Joint Venture Marketing.

Find New Business through Creative Marketing Strategies

It’s critical to keep marketing activities fresh to stay connected with the market and find new business for you and your joint venture marketing partners. Find initial success it may be tempting to get lazy regarding marketing activities. The following ideas are worth experimenting with depending on the product / service that you are selling. Appealing to a new market or using a new channel can be the best way to quickly grow a new base of clients. The risk is worth the reward to keep part of your marketing budget available for creative and special campaigns.

Reach a New Demographic

Certainly some businesses are very restricted in potential demographics in terms of where their products and/or services have an appeal. However; many businesses and especially consumer focused businesses have several niche demographics they can serve. Find ways to establish your brand into these available niche’s for your business to expand its reach. Adjusting the basic marketing message and approach can result in gaining new business. An observable example of a business that successfully attracted more business through reaching a new demographic are the TV ads on sports channels of male sports stars marketing weight watcher type meal solutions, a product historically advertised for women.

Participate at Major Events

Attending major business and industry events are great places to meet business leaders and decision makers within your industry. While sponsoring the largest of events is often reserved for companies that have significant resources to spend on marketing it does not mean you can’t participate in meaningful ways. Get a booth at a major event and then host an “after event” social gathering at a nice bar or hotel nearby. These are the places to meet potential business partners and people that could be become your next clients.

Start a Conversation

Engage in conversations online on sites like Facebook, Twitter, and Reddit. While these sites are amazing platforms for reaching customers, be gentle in selling as most people are savvy enough to see the over selling marketing in an online post. Be a true contributor to the conversation and provide value to others that read your posts. The time spent developing credibility on industry focused forums and sites like Reddit will allow you to get away with subtle marketing through your comments, suggestions, and links that may be present in your profile.

Try a Pop Up Sale

If your business is capable of operating a pop up sale, find a few locations that will have a large number of people that fall within your target market and go to the location and set up a presence. This may simply be you in a t shirt and a handful of fliers or a full on booth that is rented from the location that you can operate as a store. Summer can be a great time to plan for a pop up store and sell your products to people that are on vacation or just enjoying the nice weather outside.

Finding a new marketing strategy or establishing a new demographic channel of customers is exciting and should be focused on by every business. Never stop experimenting and innovating with your products and services as well as your marketing strategies.

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.

Discover more Joint Venture Marketing Strategies join his free report on Joint Venture Marketing.

Use Visually Appealing Marketing to Attract New Business

All marketing campaigns should have a visual component to them and many marketing activities might be entirely a visual experience for the end user, so focus on the graphics and design team to increase the likely hood that a new marketing effort will attract new business. When marketing to a new customer it’s critical to catch their attention and create a desire within them to want to learn more about your product or service. Depending on the marketing message and the desired demographics the visuals will be different but they need to achieve the overall goal of capturing the person’s attention long enough that there is an opportunity to acquire the new business. Small business owners have many resources available to them through the web to have the capabilities to hire designers and execute new campaigns.

Crowdsource Ideas

One of the best methods for finding the right marketing images for a specific joint venture marketing campaign is to crowdsource the project out to many different design teams that are competing for your business. This allows you to put your concept and marketing campaign focus into words and allow several designers to put their inspiration into your ideas and create an excellent visual marketing tool. Companies like 99Design.com provide graphic design services for many core business marketing tools that are likely to be part of any joint venture marketing with your business partners.

Crowdsource Examples

An example of the types of graphic design work available for crowdsourcing:

• Logo Design
• Web Design
• Business Cards
• Icon Design
• WordPress Theme Design
• Stationery Design
• Brochure Design
• Print & Packaging
• T-Shirt Design
• Banner Ads

Crowdsource Benefits

Using a crowdsourcing solution like 99Designs.com for creating all the graphics and marketing collateral for your next marketing campaign allows you to cull the best from several smart and creative designers. Each project you load into the system is like a mini-contest, the designers will create their work and when you select the one you like they are awarded the job. This allows you to avoid the process of finding and hiring the perfect candidate. If none of the designs will work for the marketing campaign you can get all your money back.

Ready to Attract New Business

By creating very appealing marketing collateral for all marketing campaigns, the businesses capability to attract new business will improve. Creating a banner or special T-shirt for a specific event that your business is attending and marketing can be that unique touch that separates your business from the rest. Engage with your target demographic by connecting your brand with visual images that appeal to them. Include as much detail about your target market to the designers in the crowdsourced pool as possible. This will ensure the best designers will align their work to match the market.

Leverage the online community of graphic designers to easily improve the visual appeal of marketing campaigns to attract new business.

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.

Discover more Joint Venture Marketing Strategies join his free report on Joint Venture Marketing.

Build Local Demographic Reports to Attract New Business

joint venture marketing

joint venture marketing

If your company is entering a new market with a joint venture partner, maximize the deal by doing your due diligence in building local demographic reports about the business and consumers so that when you attract new business they align with the focus of the company. It’s wise for companies that are selling products and services to a consumer as well as to businesses to know the market in detail and where the products will be offered. This data can be integrated into planning marketing efforts which will be required to reach and close the customers. Focus the joint venture partnership to seek out the most valuable demographics based on your report in order to see immediate returns on a new business relationship.

An important step to understanding a new geographic location is to understand the end customers for your business in the area. Regardless if your business services individuals or companies or a combination of both, the information that is required is similar and easy to acquire. First, ask your new business partner for any relevant business intelligence that they have on the local markets. It’s important to always double check partners work, gather additional details that are important for your decision making, and provide your analysis and ideas to your business partner. Sometimes you may encounter after the fact a business that doesn’t have much detailed information or it is outdated and needs to be done over.

There are many important factors to be gathered when creating a local demographic report. Each company will have to determine the items that are of most value to them and adjust according to the industry.

Basic Details

The basics should include the high level characteristics of the people and the business that are in the area. In the case of consumers, understanding details such as age, gender percentages, education levels, income levels, size of families and monthly spending budgets is very important. Creating a map of businesses located in a territory is essential to visualize the distribution of customers. Create maps of specific neighborhoods when approaching local consumers, as many neighborhoods will be different from one another despite being in the same city and relatively close.

Business reports may differ in the data collected. Identify prominent industries, specific companies by sector, such as transportation, construction, manufacturing, medical, education, etc.

Match With Existing Business Strategy

The purpose of conducting a basic market research study of the local area that you’re considering doing a business deal in to attract new business should be to execute a specific business strategy that includes forming joint venture marketing relationships to grow into new markets. During company planning, the target customer should be discussed on a regular basis. When conducting your assessments of an area, be sure you are confirming “yes” or “no” for the areas of interest to you.

It’s worth the time and resources if necessary to conduct surveys and contact potential customers in a specific area that you are considering doing a business deal for. Don’t always trust a potential partner’s interests in wanting to do a business deal, make sure the area will be a good fit for your products and services by researching yourself.

Business to Business Demographics

If your company does business directly with other business for a majority of the revenue made during the year than it’s important to take a slightly different angle on this task of reviewing new local markets. As a business owner that is negotiating a joint venture partnership with another company, it’s important to conduct your own in depth analysis. Call companies that you think might be potential clients for you and your JV partner in the area and see if they have any opinions about the company, positive or negative. Make sure that you take the time to review a company’s profile on Yelp, the Better Business Bureau, and other business review sites.

Companies with lots of negative issues that seem potentially harmful should be included in your decision making of whether to do the business deal or not. At the end of the day the point is to attract new business, so adjust and align with partners that have maintained strong brands in their local markets.

Review and understand the markets that you are doing business in. It may be necessary to create a binder of all the information on a specific location, but if it helps identify the right joint venture partner that attracts new business it’s worth the effort. Expand your business by doing deals with companies that have strong positions in their local markets that fit your criteria.

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.

Discover more joint venture marketing Strategies join his free report on joint venture marketing.

joint venture marketing

joint venture marketing

Effectively Negotiating a Joint Venture Marketing Agreement

After you’ve decided to enter into a joint venture and found a potential partner, the next step is the negotiation. “Give and take” is important to understand in the negotiation process; without it a successful agreement cannot be made. The power of a joint venture is only as strong as the negotiation behind it.

Tips for Effective Negotiations

Face-to-face interaction and tactics are key factors in a successful negotiation. Equally important is the proper layout and preparation of goals, benefits and risks of the venture. Keep in mind that in any successful negotiation, both parties walk away feeling they will benefit from the arrangement.

Perform extensive research on the type of business you’re preparing to negotiate with. If possible find out what problems they have and what their profit margins and resources are. Use the Internet as a research tool, read industry publications and talk to the company’s customers or employees. This research will help you be more effective in the negotiation process.

Learning everything you can about your potential partner is important, but being prepared to offer important information about your business is also important. Outlining the benefits of entering into a venture with your company for your potential partner as well as discussing what you hope to gain from the venture is a good strategy for negotiations.

Speaking of “give and take,” you should go into the negotiation process prepared to compromise. You should have the best- and worst-case scenarios along with the benefits of each case. As you begin the process, start off with the best outcome you hope for first. As the negotiation process matures, prepare to compromise, but do not lower your standards.

By leveraging existing resources instead of creating new ones, this will help both parties keep costs down as much as possible. If the venture does not work out as planned, both partners will not lose if they use their combined resources. Also pooling your resources can be an effective way to deal with each other’s shortcomings; what one company lacks the other company excels in.

Some other helpful tips are honesty and transparency between partners. Starting your venture on the right foot will ensure the longevity of the partnership. Regular contact with your partner is essential in making sure your current arrangement is going as planned and making adjustments as needed. Effective ventures are essential in business growth, profit increase and growing the customer base.

Put it in Writing

All successful negotiations end in writing a contract. The contract needs to include the overall goal for the joint venture, a timeline for the venture and the benefits each partner hopes to gain from the agreement. If a timeline is not solid, put a date down to revisit the JV partnership. Also include all fallback options. In the event the partnership does not work, both parties can make a clean break. A well-prepared contract is paramount. Each party should think about hiring a legal representative to help protect you and your potential partner’s interests.

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 report on Joint Venture Marketing.

Defining the Relationship in a Joint Venture Marketing Plan

Business is all about developing relationships and forming partnerships to get your business off the ground. A poorly planned joint venture is destined to fail from the very start. One way to ensure this doesn’t happen is to create a joint venture agreement that is aligned with the goals of your JV.

Reciprocal

Reciprocity is very simple. If you’re good to your partner and create revenue for them, they’ll want to reciprocate. The referral mechanism for a reciprocal agreement could be as easy as displaying your partner’s business cards or adding its logo to your marketing materials. You are basically saying you give your partner’s company your stamp of approval. Think about how your pediatrician can recommend a good nutritionist for your kids, or how many Wal-Mart locations have a McDonald’s inside the store; this is reciprocity at work.

In mid-July, American Airlines, British Airways and Iberia were finally able to announce their joint venture. The European Commission had approved their partnership which allowed them to expand their code sharing. The companies were able to sell their partners’ flights under their own name and flight number. This venture gives American Airlines more cities to sell flights to and from Europe.  British Airways and Iberia would be able to use American Airlines extensive network in Canada, Mexico, the United States and South America. This is an example of a multi-national company successfully designing a reciprocal relationship that should fit the needs of both organizations. However, small local companies can do the same.

Profit Sharing

Profit sharing also means risk sharing. When you decide to choose a profit sharing joint venture, you’re also agreeing to share half the risk and half the potential losses. To avoid confusion the contract must clearly state that both companies are equal partners. All profits, risks and loses are shared equally between you and your joint venture partners.

Delta Airlines and Air France/KLM put together a $12 million per year profit-sharing venture which would allow the companies to become a single carrier on North Atlantic routes. This offer also extends to a previous venture between Northwest and KLM which has been in place since 1997. This is the most advanced model of successful international of airline cooperation. The benefit to customers and the businesses are paramount. Where can you form a joint venture marketing agreement with a local partner that will answer the needs of your customers?

The Best of Both Worlds

Recently SkyWest and Virgin Blue Group signed a 10-year joint venture agreement which will provide Australia with up to 18 Virgin Blue-branded aircraft. This venture makes it possible for SkyWest and Virgin Blue to operate at a number of existing and new destinations in Australia.

If both reciprocal and profit-sharing agreements seem like a good option for your business, you’re in luck because a joint venture marketing agreement is completely customizable. All you have to do is put what you want in writing to be presented to your potential partner at negotiations. You may have to make some compromises, but that’s the case in most business partnerships.

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 report on Joint Venture Marketing.

In Joint Venture Marketing the Who and What Remain Important

Since the late 1800s, joint ventures have been a common practice for businesses. The railroad industry was the first to make use of this strategy to expand its reach and profits. By the middle of the 20^th century, the manufacturing industry was dominated by joint ventures. Today they are wide spread and used in almost all types of business. To successfully develop a joint venture marketing relationship it’s important to identify your target market and the goals for your joint venture.

Target Audience

Before starting negotiations and well before you sign the agreement contract, you need to ask yourself; “who is my target market”. To make a joint venture successful, both partners should have similar target markets but not exactly the same, as you’ll want each company to be able to expand the reach and profits of their business.

According to a July 25^th 2011 press release, the Dow Chemical Co. and the Saudi Arabian Oil Co. announced their plans to proceed with plans to build a $20 million chemical complex. The new venture, Sadara Chemical Co. now promises to be the largest chemical facility ever built to date. Separately these two companies reach millions and earn significant profits but together they substantially expand their resources and increase efficiency making them even more profitable.

Reaching the Audience

With your target market identified, take some time to get to know each other. Do not assume you know your potential customer. Assumptions will only lead to misplaced advertising, promotions and pricing that may not reach your target market. By asking consumers simple questions, you can find out useful and important information. Have your customers fill out short surveys with demographic data and offer a coupon or discount for completing the survey.

Venture Goals

The ultimate goal of any joint venture is to generate more revenue without having to spend more money on advertising, research and product development. Other goals for your JV might be, expanding your target market to include consumers who were previously unaware of your products or services or maybe you envision taking your business globally for cheaper manufacturing and development by combining resources with your JV partner to form a new business.

Omega Navigation Enterprises Inc., an international provider of marine transportation developed a partnership with Topely Corporation to form a joint venture company named Megacore Shipping. The two companies bring what they do best to the relationship, while helping each other in ways that traditionally cost them more money than their areas of expertise. Sharing resources and industry knowledge through a joint venture is one way even small businesses can boost their bottom line with the right marketing partnership.

Profits and Cost

At the bottom line of any business venture, big or small is revenue. Companies join forces to improve their bottom line without taking a big bite out of their profits. A joint venture offers the ability to make more and spend less for everyone involved, whether they are large and well-established corporations or small businesses just starting out. If executed properly, both companies will increase their revenue more so than they ever could on their own.

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 report on Joint Venture Marketing.

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