morly
Apprentice
Joined: 09 Apr 2006
Posts: 5
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 Posted: 04/26/08 - 09:31 Post subject: |
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As a web-based owner of the business I was trying to find a way to increase my relationship with my clients. Ive offered them a subscription to a weekly newsletter offering them valuable information about the product Im promoting and special discounts, so I can maintain a long-term relationship with the customer and develop a certain trust so I can ensure repeated purchases. I was thinking of another way of developing my business success by finding existing businesses to support my product, so I can build my company strength, access to new technology and customers. What is the Joint Venture Marketing?
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patty
Apprentice
Joined: 14 Jun 2006
Posts: 3
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| Posted: 05/26/08 - 02:01 Post subject: |
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A Joint Venture is an unit formed between two or more parties to accept and take on economic interest together, investing in a new entity where both units will have control of the venture and all expenses and other taxes split in equal parts. Joint Venture Marketing is considered as a much targeted form of marketing for the reason that endorsement comes from carefully chosen businesses with clients that would be interested in products you were offering. The second good thing is that its not expensive form of marketing, for the reason you are paying to your endorser amount of money based on the sale theyve made, and since the endorser has a strong and trusting relationship with his clients, customers, he will be able to recommend your products as well, so clients trust can be easily transferred to you so you can enjoy greater benefits of being part of Joint Venture business.
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