Saturday, September 6, 2014

Joint venturing to expand business

I got married last week -- to two guys.  It was strictly business.

It is to two associates of mine who own a successful website development company. They are quite successful at their business but what I noticed was they were just a website development company. The construction guys. They knew all about web design, algorithms and analytics -- all the things to make the site function properly.

I explained to them how I felt they were missing a huge marketing opportunity.  So, I asked them how they were marketing to keep customers coming back once they created a website. They both looked at me rather blankly. Other than hosting fees and the occasional updates their clients decided on, not much. They were always seeking new business.  And we all know that getting new business costs more than keeping business.

I explained to them the opportunity for marketing their own website business was to expand into content development.  They needed to develop content for their clients -- for the websites they built, digital advertising campaigns, downloadable e-books, etc. They also had an opportunity to show clients how offering those pieces on websites can increase web traffic.

"You see," I began, "you can create your own additional line of business. Also by creating your own e-newsletter that you send talking about the need to update websites, how to create mobile advertising, using video, etc... you keep your clients engaged with you.  You can also become the only source they need for their digital marketing."

I saw the light bulb go on.  "Oh," they said in unison.  My proposal had worked.  Since I do content and digital advertising "we" thought a partnership would be great.  In the business world it is called a joint venture.

So, the newsletter I developed for their over 300 clients that talked about our joint venture went out last week.  It provided information I created on how websites need to continue to be updated and how video on websites can drive more traffic. The newsletter worked.  They got two clients to call immediately (clients they had for over 10 years) to talk about updating their sites and perhaps adding video.

Beyond the content I provide for my new "partners",  I also am getting exposure for other services I provide to the 300 clients they have.  I embed my affiliate links in the e-newsletter, my own downloadable content and other opportunities to generate revenue for my business as well -- along with creating the content for his clients.

Soon, I am sure we will have more clients -- you can call them our children -- who will need all types of content.

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