July 16, 2005

How To Find Your BEST Joint Venture Partners

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How To Make Your Stiffest Competitor
Your Best Joint Venture Partner

- by Jim Edwards

© Jim Edwards - All Rights reserved
The Net Reporter Ezine
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When someone threatens us, we instinctively look for ways to
either avoid, evade or protect ourselves from the perceived
threat.

In business, where money, security, and even our family’s
future rides on our every move, anyone or anything we
perceive as a “threat” usually causes us to go into
“protection” mode.

Once in “protection” mode, we close off to all possibilities
except avoiding or defeating the threat.

On the flipside, anything or anyone we see as able to help
us build our business, expand our reach, or improve our
profitability, makes us instinctively think of ways we can
use that to our advantage.

Once you understand this simple fact, it’s easy to see how
YOU can to turn your biggest competitors into your best
Joint Venture (JV) partners.

“Competitor” is nothing more than a label someone else
places on you because they see you as wanting to get the
same thing they want (from a limited supply).

In other words, if 100 customers exist, and your
“competitor” perceives you as basically selling the same
thing they do, then the race is on to see who can get the
biggest share of those 100 customers.

This behavior stems from a “scarcity” mentality of “The pie
is only so big and I need the biggest piece possible!”

My advice: STOP trying to divide up the same pie.

Bake a NEW PIE and get your competitors to *SELL* IT FOR
YOU!

Any competitor you see in the marketplace can actually turn
into your best Joint Venture ally and strongest sales person
if you know what to do.

Your job is simply to find out how you can complement what
they do rather than compete head-to-head with them.

For example: I sell an ebook (2 actually) on how to sell
thousands of ebooks on the Internet.

The material comes directly from my experience of actually
*doing* it - rather than regurgitating what others have
done.

Since I already have two ebooks on “ebooks” I have no
interest in promoting someone else’s ebook on the same
subject.

In fact, I get rather snitty when they ask because it shows
their complete ignorance of this principal.

On the other hand, what if they baked a “new pie?”

What if they created a piece of software that made
converting Word docs to PDF a snap and cost a fraction of
the price for Adobe Acrobat?

What if they baked a pie that made it simple for ebook
authors to automatically post their ebook for sale on all
the different online bookstores out there?

What if they created an easy-to-use system to help ebook
authors get their ebooks listed on Amazon and gave me a cut
of the action when I sent them new customers?

What if they created a system that made it easy for ebook
authors to offer a copy of their ebook on CD or in hard copy
form without expensive set up fees?

NOW WE’RE TALKING about things that, in my mind, would
immediately take them out of the “competitor” category and
place them in the “I’d like to know more about you”
category.

So if you want to bake a new pie (get your competitors to
view you as a friend and seek you out as a JV partner),
follow this three step formula.

First, step back from the marketplace and see what the vast
majority of people in your marketplace are selling,
promoting, or offering (they’re all doing virtually the same
things).

Second, think about how you can help them AND their
customers get MORE of what they want faster by complementing
what they already do and not competing with them.

Third, wrap your product or service in a way that your new
ally can not only make more money or more sales of both your
product and theirs, but also make their customers even
happier as a result.


Jim Edwards is a syndicated newspaper columnist and the
creator of an amazing course that will teach you step-by-
step how to get anything you want out of life…

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That Gives You A Positively ** Unfair Advantage **
In Business… and in Life!”

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7 Comments »

July 16, 2005

Chris Oakley :

Hi Jim,

Hope things are well with you?

Just read this article on comptetitors…totally agree with the your view on this…

You said;

What if they created a piece of software that made
converting Word docs to PDF a snap and cost a fraction of the price for Adobe Acrobat?

Wondered if you knew that Open Office does this…it’s free…and very functional…I use it all the time.

Thought you might want to pass it on to your subscribers…

All the Best,
Chris Oakley

July 17, 2005

Robert :

Bake a new pie! Wow, I really like that one – so simple, yet so profound.

Jim, you are someone who perfectly understands to think outside the box and here you hit a really big one. So many people are trapped in their scarcity mentality – there isn’t enough out there, so I’ve to fight to get the bigger pie…

Unfortunately, this attitude also causes a multitude of different problems - people are damaging the environment, they are destroying families, some would even be ready to kill if they see their territory in danger…

People are afraid that there isn’t enough. So they choose the seemingly simpler route, to copy what their competitors are doing and in order to get their piece of the pie they have to compete (fight). And that’s the core of the problem.

Creativity is the answer and I’m convinced we are all born creators. Sure, it takes time and work to develop this creative potential. But even if it would take a few years, what are a few years compared to a lifetime. What can we achieve, once we developed our creative potential to its fullest?

I’d say, lets get started baking some new pies!

An amazing article Jim, thanks for inspiring me ;-)
Robert

Great article as always, Jim. An eye-opener, too.

In any case, expect an email from me soon as to how we can complement each other. *he he he*

July 18, 2005

Jim Donovan :

Great article, Jim. “Make another pie” The other thing that I see happening a lot is people sending me JV offers, telling me how much it will do for me, etc.

What they’re missing is that I’m more concerned with what something will do for my readers. How will your product enhance the life of the people in my community?

A good example of this is one group I’m working with who are all interested in witing a book. I’ve recently added your “7 day E-book” to the auto responder system because it serves their needs and is something they will benefit from having.

Since I’ve used it and, after 10 years in the business, still learned a bunch, I know it’s a good rthing to pass onto my readers.

Looking forward to hearing more from you.

Be well,
Jim Donovan

July 19, 2005

Art Of Psychic Dice :

In movie making this principle is referred to as “The Same As But Different” rule.

In other words, once success is identified at the box office, writers, directors and producers attempt to recreate the winning formula, all the while adding their own personal vision.

All the best,

July 25, 2005

Daegan Smith :

Perfect timing! I was just searching the internet for prospective JV partners when I just came across your article for a little extra insight.

Thanks.

August 25, 2005

Dustin Davis :

So if you come up with that great idea, what is the best way to approach a BIGGY like yourself to listen to my idea?

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