| It can be an intimidating task when approaching a | | | | meeting or communication |
| potential online joint venture partner for the first | | | | It is important that you do not push your potential |
| time. Listed below are five dos and don'ts that will | | | | partner to make an immediate decision. A heavy |
| make the difference between achieving a partnership | | | | sales pitch would be an immediate turn off. You |
| and getting it set off on the right foot. | | | | should, once again, place yourself in your potential |
| 1. Do not have a negative attitude | | | | partner's shoes. It is important that you consider how |
| Nothing will ruin a business proposal more than having | | | | you would like to be approached for a joint venture |
| a negative attitude. You must not, under any | | | | partnership. You would more than likely not wish to |
| circumstances, enter a proposal with the thought of | | | | hear a sales pitch either. |
| "this is never going to work" or "why would they | | | | Do inform your potential partner as to why you wish |
| want to work with me?" | | | | to partner with them. Impress your potential partner |
| You are simply sabotaging your proposal by having | | | | by having the knowledge of their business through |
| these thoughts. These thoughts will certainly be | | | | research. Give a presentation rather than a sales |
| correct, if you enter a meeting or contact a potential | | | | pitch. Your proposal should be laid out in such a way |
| joint venture partner with this negative attitude. Your | | | | that it highlights the benefits to your potential |
| potential partner or partners will certainly not want to | | | | partner. |
| work with you. | | | | Always be ready to stop and listen to your partners |
| You should always have a smile on your face when | | | | ideas. You could also ask them questions as you |
| approaching a potential partner, even when speaking | | | | present your offer, in order to make them feel more |
| with them on the phone or by email. By having a | | | | involved in your presentation. |
| smile on your face send a positive vibe to the | | | | 4. Under no circumstances should you expect an |
| recipient and it will make all the difference. | | | | immediate answer |
| 2. Do not inform your potential partner of the | | | | You may be excited about working on a joint |
| benefits for yourself | | | | venture partnership, which is fully understandable. |
| It will not want to be heard by your potential joint | | | | However, there is sufficient time for thought. Your |
| venture partner how much you need the extra | | | | idea is new to your partner and they require time to |
| profits, or what you will personally gain from the | | | | think over your proposal. |
| partnership. It is important that you think about it | | | | Allow your partner time to think about their decision. |
| from their point of view. Would you be happy for | | | | You can arrange a date to contact them again for |
| someone to approach you about a partnership whilst | | | | any decision that they may have, or ask them if |
| informing you of the benefits to them? I think the | | | | they have any questions. |
| answer to this question would be 'No'. | | | | 5. Do not stick to your guns |
| Only inform your partner what the benefits will be to | | | | One way in which you will ruin a partnership before it |
| them. For example: | | | | begins, is by entering it with the mentality of "it's my |
| " how much they will make | | | | way or the highway". |
| " what they need to do | | | | Everything will need to be negotiated. It is important |
| " inform them as to whether they will benefit from | | | | to remember that a joint venture will bring you |
| building their opt in list | | | | profits, more contacts and customers, and a new |
| " tell them whether they will benefit by increasing | | | | business partner. Therefore, in order to demonstrate |
| their product base | | | | that you are a smart business person, you will need |
| " inform them of whether they will have improved | | | | to negotiate tasks and profits. This will show your |
| credibility | | | | partner that you are willing to work with them. |
| It is imperative that your offer is presented to them | | | | By following these five dos and don't, you are sure |
| in the most beneficial light. | | | | to get a hit with your presentation. The best of luck. |
| 3. Do not attempt to sell your idea on the first | | | | |