Joint venturing can also make the work you do easier, more creative, and more fun simply by sharing the idea and tasks involved. The best time to learn about Joint Venture Marketing is before you’re in the thick of things and here are some things you should do when considering a joint venture:

Brainstorm a list of ideas and concepts for a great joint venture, keeping your mind open for any potential situation for a JV.
Create a list of potential joint venture partners, and pick your top 1 or 2 to approach.
Do some reading and research on your potential partner to see how you can complement each other.
Look for potential partners that share similar clients in your target market.
Approach your top potential partners with a casual, but professional email, informing them about your idea of doing something together, telling them what’s in it for them, but keep this first contact simple.
Follow up by phone or in writing and tell them that you have a way to add value to their clients.
Use pre-defined joint venture agreement forms to enter into a project as this sets out the benefits as well as the risks to the agreement for each of the participating JV partners.
Keep adequate books and records of the business transactions.
Each of the JV partners to the agreement shall be indemnified by the other for losses, judgements, liabilities, expenses as well as for amounts paid as settlement of claims sustained by the partnership that is not due to neglect or bad faith.

The top 10 benefits you can gain with Joint Venturing :
1.Long lasting business relationships.
2.Increased credibility by teaming up with other reputable, branded businesses.
3.Free and low cost advertising.
4.New products and services for your customers.
5.Increase your opt- in or ezine subscribers for free.
6.Find hidden income streams.
7.Send your ad to huge, targeted email lists at no cost.
8.Building your customer or opt-in list for free.
9.New leads and customers.
10.Referrals from other businesses.

And this will lead to:
Surviving a depression, recession or a slow economy.
Expanding and growing your business quickly.
Becoming rich and wealthy.
Increased sales and profits
Building profitable alliances with other businesses.
Giving your employees more raises, bonuses and benefits.
Constructing most joint venture deals with little or no money.
Saving money by sharing advertising and marketing costs.
Beating your competition.
Getting highly credible endorsements and testimonials from other experts.

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