Unlock the Power of Partnership
When I left the advertising and entertainment fields to plunge headlong into marketing, I met some fascinating people. Among these marketing and merchandizing mavens, were the deal makers.
They made their money by putting deals together and assembling the respective partners. Their well-manicured fingers never touched a tool. It was all about selling the profit potential of a new project and seeing it come to life. That’s the power of forming a business partnership!
My company, DiD Publishing, has done a fair amount of product creation with business partnerships in various fields. We produced manuals, presentations, books, and simple guides.
I really enjoyed attending pitch meetings. Watching the confidence of the presenters and their styles of selling made for invaluable learning experiences.
Business Partnerships Set You Apart
Content creators and marketers often overlook the value of presenting business ideas when looking for work. It takes effort and research, but consider which phone call or email you would respond to.
One with a proposition to earn additional passive income in your field with minimal input, or one in which you had to shell out thousands a month to get results in your existing market?
Imagine getting a passive business opportunity that has most of the components for success already baked in. All you need to do is provide your support and a little capital investment. There are thousands of businesses out there in your target market that would love that opportunity if the situation was favorable. However, many aren’t able to do so that’s why 92% of SaaS startups fail within the first 3 years.
Imagine a world where you can create partnerships with other businesses, sharing the rewards of digital product sales. Well, it’s time to explore a novel approach to positioning your content marketing business. That’s why all you really need to to build relationships, networking, and forming business partnership.
The Power of Co-Venturing
“There is no more profitable investment than investing in yourself.” — Mark Twain
The goal of a business partnership is not to simply provide a service but to form a partnership instead. An alternative to directly soliciting funding from potential partners is to present them with the opportunity to collaborate with you on a business venture.
Collaborating, pooling resources, and sharing risks and rewards are all ways to unleash the full potential of both parties’ entrepreneurial endeavors.
The traditional business model can feel stale. Everyone is calling businesses with their hands out.
This is why having a business partnership can be so appealing. It enables you to build relationships with your clients that go beyond a transactional level. You two can set out on an adventure together, one in which your mutual success and your financial gain are inextricably linked.
Most importantly, you don’t feel that alone when running a business. Every entrepreneur know how lonely it can get running a business alone. That’s why having a business partnership is so appealing.
The Buffet of Profitable Products
“Nowadays, people know the price of everything and the value of nothing.” — Oscar Wilde
To kick-start this transformative journey, let’s delve into 10 products that can make money for your clients without requiring their extensive involvement. These downloadable offerings are a buffet of opportunities, allowing your clients to choose the ones that align with their goals and aspirations.
You don’t have to present them all. As content creators, you can decide how to pitch the right ideas to the right market.
1. E-book Guides
These comprehensive e-books or guides provide valuable insights, strategies, and step-by-step instructions in a specific niche or industry.
Customers can download these resources and gain access to actionable content that can help them achieve their goals with ease.
PS. Here at HustleVentureSG, we do have E-books on how to start your content writing business, if you are interested, click on the link below!
2. Templates and Checklists
Offer pre-designed templates and checklists that cater to your clients’ industries or specific tasks.
Whether it’s a business plan template, a marketing campaign checklist, or a social media content calendar, these resources empower your clients to save time and enhance their productivity.
3. Video Courses
Develop engaging video courses on popular topics within your clients’ industries. Provide structured content to their customers. This is an opportunity to expand their knowledge and acquire valuable skills.
Help them produce and distribute the courses on the most popular learning platforms. These courses can range from beginner-friendly introductions to advanced, expert-level masterclasses.
4. Industry Reports and Research Papers
The power of having industry reports and research papers is how valuable the information is by converting it into an informative piece.
We have seen the rise of infographicss and short info reels thanks to the breakdown of research papers.
These resources help your clients’ customers, and prospects better understand their interests and make profitable decisions.
5. Audio Guides
Create audio content in the form of how-to guides that deliver valuable insights, interviews, and discussions on industry-specific topics. Give their customers access to these rich audio resources as a monthly membership. This is perfect for the subscription model.
These digital downloads allow your clients to earn extra money without incurring the costs or time required to build additional income streams.
6. Online Toolkits
Create comprehensive toolkits that include resources, templates, and interactive tools. Your clients can offer them as options for solving specific challenges or achieving specific outcomes at an attractive price.
7. Ghostwrite their How-to Books
Produce and publish books for your clients. Offer the entire publishing experience. Get their books on Amazon.com as print-on-demand as well as in Kindle format. Work with them on marketing and promotions.
8. Webinar Recordings
Host webinars on topics of interest to your clients and record them for later distribution. Offer the recorded webinars as downloadable products that include written materials or courses.
9. Affiliate Programs
Introduce your clients to affiliate marketing and assist them in constructing their program. For some, it will be a revelation. Of course, you’ll need to develop your expertise in the process or bring in someone who does have the experience.
10. Industry-specific Tools and Apps
Develop simple yet useful mobile or web-based apps that cater to a particular industry’s customer needs. These apps can offer information, convenience, savings, or fun for their users.
These projects can give them more prospects, additional income, and exposure. Be prepared to present a complete sales and marketing plan, not just a sketch on a napkin.
Partnership Power Play
But before we dive into the specifics, let’s address the burning question: Why should you consider co-venturing in the first place? The answer lies in the power of partnership.
When you co-venture with your clients, you not only share the financial risks but also the expertise, network, and resources. It’s a win-win situation where both parties are motivated to drive success because their interests are aligned.
Co-venturing is a journey that can fuel mutual growth and prosperity, not just a transaction. You provide your clients with opportunities to earn money, learn new things, and improve their bottom line.
All while forging a strong and long-lasting partnership with you.
Go In Prepared for Profits
So, how do you take the first step toward successful co-venturing? Begin by learning about your client’s needs, goals, and pain points. Customize your products to address their specific problems and provide solutions that are simple to implement.
Meet with them to get a sense of their understanding of their customers’ needs. Do your own homework before going all in!
You’ll need to know more about their customers than they do in order to be effective at your job as a content provider and product creator. You’re going into the meeting with a solid proposal with realistic outcomes.
Stay tuned for our next segment in this five-part series, where we’ll unravel the secrets of crafting compelling sales and marketing mechanisms for projects. Until then, keep dreaming, keep learning, and keep venturing!
“Discover more stories and support Medium writers and me by joining here. For only $5 a month, you get unlimited access to all articles on Medium.”
