Joint Ventures - Part X

JV With an Agent to Bring in "Found" Business - Ifweight-loss clinics, exercise products, the list goes
you want to focus on your core business, like theon.
dentist example I mentioned about (i.e. let's sayInstead of an office, you could tie up the rights to
that you're the dentist), and you're not sure howa display space or an impulse buy counter near
to go about bringing in this "found" business, therethe register. How about a segment of the store,
are experienced marketers out there who couldthe rear section of a store, or the front corner
handle the nuts and bolts of the campaign. Inwhere merchandise or services can be placed?
other words, this would be the reverse of theBanks now put branches in grocery stores. So do
previous two examples, where you are theflower shops. Sears put Allstate Insurance in their
professional, and a deal with a marketer wouldstores and created a billion dollar business.
yield you additional business, but without theDesigner shampoos have space in salons.
marketing headaches. At the very least you couldIf you tie up the space first, then you can go out
pay someone to teach you how its done, or learnand find inventory that you will in essence consign
by example in observing their methods and askingto the space. Anywhere there is foot traffic is
questions.really fair game. Just be sure to find a product or
JV a Consulting Back-End With a Static Productservice that is a match to the foot traffic's
Seller - Let's say that you are a consultantpreferences (i.e. the target market).
specializing in doing creative real estate deals. YouThere are lots of one or two-person companies
could find someone who sells a static book orwho manufacture their own jewelry, or candy, or
course on the subject, then partner with them tocookies, or toys, or crafts. Maybe a local hotdog
offer your coaching or consulting services on thejoint doesn't have cookies on their menu. Put
back-end for those that want to go beyond thethem together and take a cut. How about craft
book or course. You could offer your own course,supplies and raw materials at a craft show? A
seminars, coaching programs, whatever.service in a hotel that perhaps that hotel doesn't
JV a Static Product With a Consulting Back-End -offer? Maybe free wireless Internet access in
And the opposite is also true. If you sell a staticexchange for their contact info. The nice thing is
information product, why not seek out an expertyou don't have to put up any inventory.
on the subject that you can partner with andVacant lots are great to put in cars for sale. Or
endorse for additional training for your customers.organize your own flea market or craft show. A
Everybody wins!haunted house around Halloween, sponsored by
Tie Up the Rights to Real Estate - I don't meanthe local costume shop. A golfing goods tent that
real estate in the traditional sense. I mean space.coincides with the timing of the US Open.
Using the chiropractor example, what if youI've mentioned some of these ideas already, but
opened a satellite office that's manned once orthis example is about tying up the rights to space.
twice a week in a health club or health foodGet the rights first, then looks for ways to fill it.to
store? You could put lots of things in those places.be continued...
Acupuncture, Shiatsu, massage therapy,