Tips On How To Use "MLM Joint Ventures" And Cross Promos To EXPLODE Your Business
Coming from the marketing and advertising industry, my two favorite words in business are JOINT VENTURES. This is when two different corporations partner up to support each other enhance their business.
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In the advertising industry as example, if I have a website that is generating a certain amount of traffic to a certain demographic or target audience, it now becomes an asset that has a certain value that can be used as leverage to negotiate cross advertisings or joint ventures deals.
But how can you do this sort of business with your MLM? Reading this blog post could put some serious cash flow into your jeans.
How To Use MLM Joint Ventures To EXPLODE Your Organization
Join Ventures - my favorite two words in business! And if they are done correctly they can mean some BIG $$$$ - OR some BIG exposure for your business. But how do you approach doing them?
When it comes to engaging in joint ventures and cross campaigns, its important for you to be running your MLM business like a real business. What do I mean by that? Well, most traditional businesses have websites that they drive traffic to, vehicles that they advertise on, business cards that they hand out, brochures that they give out, exhibitions or events that they attend etc.
The Issue Is....Do You Have a Marketing and Advertising Budget?
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Almost every conventional business budgets a certain amount of marketing and advertising dollars each month to help promote their business. Local businesses love to get more visibility and if presented properly, they will get involved with these type of promotions.
Here is an example of how I have used MLM Joint Ventures and cross promotions to explode my MLM. A group of my leaders all met and decided to host an exclusive and private V.I.P business opportunity show and networking event.
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We made it the grand opening launchpad for our MLM in that city. But when we started to add up what it was going to cost, we were shocked! Between the cost of the room, stand up banners, decorations, printing, small catering...
We Were Dealing With a Bill of Over $4500!
Say what? $4500! Are you serious we thought? Who's gonna foot the bill for $4500? So we set out on a path to create a joint venture/cross promotion function while at the same time promoting our MLM.
Here's how it went down...
Xyngular Corporation is completely new juice company that just recently hit the market. It is centered on producing natural health and wellness products including anti-oxidant defense for the body, energy and weight reduction.
The event was called SUMMER LOVIN' BUSINESS OPPORTUNITY SHOWCASE. We made it an upbeat high-end business after business networking gathering. We held it at a 4 1/2 diamond hotel that had lots of parking that was easily accessible to all suburbs of the central city in Vancouver.
We took the whole floor of the convention facility with a social area, for appetizers and product sampling with a presentation room where the show went on. We allocated specific areas of the room for local companies to showcase their goods and services around the back of the room perimeter.
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Each company received space at the event, 7 tickets to the event, logo projection and their logo exhibited on all posters and postcards. The energy was ultra high and everyone left with more product samples in a bag with a host of other goodies as well. We enrolled about 20 new members that night and in the days to follow after the show. Total expense for the event was ZERO - NADA- NOTHING - in fact we profited by $200.
Treat your business like a real business it will pay you like a business! Use MLM Joint Ventures to explode your company. For this and more innovative marketing strategies, Google Darren Little - MLM Superhero.
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