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Marketing Strategy 34: Meet The Host And The Beneficiary… Also Known As…“The Joint Venture”

August 31, 2016Tam Le

Today, you are going to learn about another excellent marketing strategy. It’s known as ‘the host and beneficiary’ and is sometimes referred to as a joint venture.

Here is how this works…

Imagine a host that is a retail carpet store. When they sell carpeting to their customers, they give them a FREE gift.

The free gift is one room of carpet cleaned by a professional carpet cleaning company.

The carpet cleaner doesn’t charge the carpet company (the host) anything, but they are basically giving the carpet cleaner a new client.

Then a few months pass and the host’s customer calls for their free carpet cleaning. The carpet cleaning company explains that when the technician comes to do the room of their choice, they will also give them a quote for cleaning the whole house. Of course, they are under no obligation to get any more rooms cleaned. It’s just an opportunity to let them to know how reasonable their rates are.

Chances Are Very High Of Gaining A New Regular Client

The customer receives the free gift of carpet cleaning from a business they have already used and trust, and the offer acts as a strong endorsement for the carpet cleaning business.

The carpet cleaning business gives this prospect something for FREE. And, generally speaking, according to the law of reciprocity… when you give something for Free… the person feels obligated to give something back.

TODAY’S TASK: Start Your Joint Ventures
  1. Contact local carpet sellers by phone. Ask them if they want to meet you to discuss opportunities for a mutually beneficial relationship.
  2. Meet the carpet seller. Ask him to offer all his customers a free carpet clean. If they are interested, they simply write down their name and address.
  3. Send the person a letter offering the free room clean and audit (refer to Steamaster Academy resources).
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Course Navigation

  • Marketing Strategy 01: Goal Setting
  • Marketing Strategy 02: Clients, Not Customers
  • Marketing Strategy 03: Discover Direct Response
  • Marketing Strategy 04: A Wealth of Knowledge
  • Marketing Strategy 05: Model Successful Ideas
  • Marketing Strategy 06: Unique Selling Point
  • Marketing Strategy 07: A Cash Flow Surge
  • Marketing Strategy 08: Direct Mail Alive & Well
  • Marketing Strategy 09: Never Use Bait & Switch
  • Marketing Strategy 10: Raise Your Prices
  • Marketing Strategy 11: Have a Big, Bold, Solid Guarantee
  • Marketing Strategy 12: Get In The Newspaper
  • Marketing Strategy 13: Use Letters, Not Brochures
  • Marketing Strategy 14: 3-Step Letter
  • Marketing Strategy 15: Tell the Whole Story
  • Marketing Strategy 16: Don’t Be Boring
  • Marketing Strategy 17: Lifetime Value
  • Marketing Strategy 18: Networking
  • Marketing Strategy 19: Find Your Niche
  • Marketing Strategy 20: The Front End
  • Marketing Strategy 21: How To Get Business Contracts
  • Marketing Strategy 22: How To Get A Flood Of Clients From Yellow Pages Even In Today’s Online World
  • Marketing Strategy 23: Turn Your Website Into A Sales Machine
  • Marketing Strategy 24: You Are Not Your Client
  • Marketing Strategy 25: Dealing With Bait & Switch
  • Marketing Strategy 26: Creating Content If You’re Not A Writer
  • Marketing Strategy 27: Become A Trusted Expert
  • Marketing Strategy 28: Why You Really Advertise
  • Marketing Strategy 29: Don’t Be An Advertising Victim
  • Marketing Strategy 30: Learn Marketing Yourself
  • Marketing Strategy 31: Why Test, Test and Then Test Again
  • Marketing Strategy 32: Partnering With Real Estate Agents
  • Marketing Strategy 33: How To Make Even MORE Money From Real Estate Referrals
  • Marketing Strategy 34: Meet The Host And The Beneficiary… Also Known As…“The Joint Venture”
  • Marketing Strategy 35: How To Successfully Advertise In The Newspaper
  • Marketing Strategy 36: How To Spread Your Marketing Message
  • Marketing Strategy 37: Skyrocket Your Business With Celebrity Endorsements
  • Marketing Strategy 38: Know Your Value
  • Marketing Strategy 39: This One Simple Word Can Make Or Break You
  • Marketing Strategy 40: Reasons People Fail
  • Marketing Strategy 41: How To Remove Mental Garbage
  • Marketing Strategy 42: Your Success Is Dependent On This One Action…
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