7 tips on how to create powerful joint ventures

Today’s guest post comes from Nancy Juetten, PR strategist, speaker and creator of Bye Bye Boring Business Bio – a great resource if you want to get known and be seen as an expert in your field. She’s built a successful business by creating lucrative partnerships and affiliate relationships. Today she shares her tips on how to foster these joint ventures so that you are exponentially seen, heard and celebrated – by clients and media alike.

Having worked as a publicist for experts and entrepreneurs for many years, advocating for others is a well-honed skill. Earning publicity is all about positioning experts and information in a timely, newsworthy and relevant way so even more people can learn about the top priority that is trend-worthy and useful at the moment.

Getting seen, heard, and celebrated via the media that matter for your message can make big noise and invite more of the right opportunities to connect with ideal clients and others who need to know about whatever it is that is YOUR priority. Media coverage gets people talking, sharing, and taking action. That is powerful for building brand, reputation, and buzz. And, when more people know about what you have to offer, you are more easily found, referred, and hired, and those are outcomes that give business owners everywhere reasons to cheer.

When I first learned about the value of joint ventures for expert positioning and getting the word out, the parallels to the power of publicity were clear to me and also aligned with my skill set. During a joint venture with a strategic partner, colleagues share information that is timely, newsworthy and relevant with their carefully nurtured tribes of fans to build know-like-trust and inspire action. Sometimes, the communication is about sharing a useful report that solves a specific problem. Other times, the communication is about inviting a specific buying action. Either way, the common thread is that the information or offer being extended is relevant, of service, and intended to make a positive impact. The audience for the message is well served, and everyone wins.

So, when I got started with joint venture partnerships in 2006, I started by doing my homework. What steps did I take?

And more to the point, what steps might you take now that your desire to make joint ventures part of your get known to get paid strategy has become crystal clear to you?  Here are suggestions, based on my path so far.

  1. Identify a product or service that your tribe needs, wants, and is likely to invest into to get the benefit or the relief.
  2. Investigate the best-of-breed service providers who offer that solution and start a relationship.  Not a transaction. A relationship.
  3. Learn about and use the product or service to know that it truly is the best available so as to be in a solid position to provide meaningful and credible advocacy.
  4. Invite opportunities to promote the work of high quality partners in the spirit of service to your own tribe.
  5. Deliver on every promise  made, and go the extra mile to deliver results as measured by opt ins and referred sales.
  6. Invite conversations with partners for reciprocal promotions or other creative ways to collaborate for great results, once and all.
  7. Nurture the relationships over time.  By making powerful introductions to other people of influence, being available to mastermind or brainstorm to solve problems, going the extra mile whenever possible, and showing up as a great colleague, co-collaborator, and friend, you can develop lasting and rewarding relationships with your partners.  In doing so, everyone is in great position to serve more of the perfect clients we are here to serve and make a bigger impact through our work.

If you are new to the world of publicity or joint ventures, consider today a NEW day to approach both arenas as students who are serious about learning best practices.  Take action on what you learn.  Keep track of your results.  And keep advancing along the path to mastery.

We all bloom where we are planted and grow from there. In the spirit of authentic visibility, it  gets a bit intimidating at times to see how big some partners play, how well they use technology to their advantage, and how elaborate some of their promotions are.

As much as I’ve learned since starting down this path, there is still so much more to learn and do, and I’ll keep moving forward in a step by step and sometimes leaps and bounds kind of way.

I will also say that it is a privilege to learn from those who are playing big and take the best of what they do and apply it in my own best way to make my own impact with clients and the marketplace.

What I know based on my own experience is that when your advocacy puts your name on the top of a leader board for a joint venture in which many of your industry’s most influential players are participating, that means that people with names you likely recognize will soon be calling your name. And that just might be the most intoxicating benefit of all.

You can listen to a webinar replay I gave about Joint Ventures and gain access to two relevant gifts to guide you forward,

About Guest Blogger Nancy Juetten:

Since 2009, Business Bio Expert and Get Known to Get Paid Mentor Nancy Juetten has earned a reputation as the “go to” expert for helping aspiring experts transform their boring business bios from wallpaper to wow to attract clients now. Access your “Heal Your Boring Business Bio to Attract Clients and Cash Now” gift booklet today, and invite your friends to do the same.

Are joint ventures and affiliate programs part of your business and marketing model? What have you achieved and which people are doing cool things in this area? Please share in the Comments below and get the conversation going!

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