Wonderful Web Women

Face Book and Joint Ventures

May 13th, 2008 . by Janet Beckers

Today I had the pleasure of interviewing Mary Pat Kavanagh. MaryPat is known as “The Queen of Connections” and “The Queen of Marketing” because of her ability to help people create joint ventures (JV) to really grow their businesses. Today she shared with us the secrets to a successful JV and how to use social networking sites, especially FaceBook to find JV partners and develop business relationships with them.

Wow, there’s a whole new “parallel dimension” out there! I only joined Facebook yesterday in preparation for interviewing Mary Pat and what a revelation that was. At first I felt a bit nervous, a bit like you would if you were going to a party at a place you had never been to before and you didn’t know who else was there. You weren’t sure if you knew anyone but you were sure there were lots of clicks of people who already knew each other and didn’t need you. Do you know the feeling?

I only filled in the basics (I figured MaryPat would let me know what to do), followed the instructions and then found that Facebook actually suggested people I would like to meet and I knew some of them (how did it know?). I then discovered that I could use the technique my mother taught me when I started school - I simply asked someone to be my friend!

Ok. So do you want to be my friend? Just ask me here and you can join my growing network:

http://profile.to/janetbeckers/

How to use Facebook to find and nurture Joint Ventures

First,  let’s define a Joint Venture:

A joint venture is 2 people (or more) getting together to create a new entity, a new venture. It’s a 2 way street in that each person contributes in the form of money, product, knowledge, contacts, hard work etc. Whichever of these they have to contribute.

It is different to an affiliate arrangement which is pretty one sided. You are not really working closely together and contributing to the finished product.

Examples of a Joint Venture

MaryPat and I are JV partners. We both created a product today together, the recording of our interview. We both promoted each other’s businesses and we are helping each other’s customers.

Another example could be where one person has a great idea and industry knowledge, but no time. The other person contributes sweat and hard work and contributes to the creation of the product etc.

How to use Facebook to find and develop JVs

  1. First of all, go to http://www.facebook.com and sign up
  2. Send me an invite to be my friend http://profile.to/janetbeckers/
  3. Gradually fill out information in your profile about yourself (books, music, hobbies etc). The whole idea is that people want to form relationships (JVs) with people they can relate to, so let them know a bit about yourself.
  4. Important. In your profile make a space to say “I want to meet people who… and my target customers (or I can help people who)…….. Be clear and specific
  5. When you invite someone to be your friend, include a personal note about WHY (eg, I really admire your work)
  6. DON”T go straight away and ask for help or say you are looking for a JV
  7. DO take the time to write comments to their profile, contribute to any discussion they may start and introduce them to people you think may help them (you can do this automatically through facebook)
  8. It’s like any relationship, you say hello and introduce yourself before you ask to go on a date!
  9. Do join groups in facebook on your topic. There are thousands of them, you don’t have to be invited to join and it is an excellent way to find contacts in your niche.
  10. Join niche groups: As well as a great way to find contacts (i.e. JV partners) it is also a powerful way to do your market research. If people are discussing problems they have, if you can find a solution to that problem, you have a business.
So go on, why not join me on Facebook and we can discover this parallel universe together? We can share our experiences over at the forum at http://www.wonderfulwebforum.com.

How Mary Pat Kavanagh can help you find JV partners

Mary Pat works with entrepreneurs to find them JV partners and coach them through creating these relationships. She has a unique program where she holds your hand, helps you find JV partners, helps you work out your scripts so you can approach them confidently and has an amazing new program which she runs through a private Facebook group. So you get trained on how to use Facebook for JVs, through Facebook. She has given an incredibly generous discount on her 6 month program just for Wonderful Web Women. It will cut your time to success. Here are the details:

http://www.wonderfulwebwomen.com/recommends/marypat1

Cheers

Janet

P.S. Will you be my friend? http://profile.to/janetbeckers/

Other Related Posts:

  • Collaborative Projects
  • Member Stories
  • Upcoming Wonderful Web Women Seminar
  • Leave a Reply

    Name

    Mail (never published)

    Website