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Joint Ventures

Join forces with other WAHMs 

You have probably heard the old saying: “two heads are better than one”. Have you ever thought of applying that to your business? Joining forces with another WAHM is a great way to expand your business while learning new skills.

You can form a “joint venture” with another WAHM and create a way for you to promote your services together. You will both share in the work and the profits. For instance, maybe you are an expert in affiliate marketing and you have a WAHM friend who loves to write. You two can team up on an e-book about affiliate marketing! Or perhaps you have a friend who is awesome at creating podcasts, have her interview you about affiliate marketing and the two of you can sell the mp3. The choices are limitless!

If you have an idea about something you would like to create but do not know anyone to team up with, start researching people that have the skills you need. Send them an email and let them know you like their work and might like to team up. You can also ask for recommendations from WAHMs you already know or put up a post on a message board about what you would like to accomplish.

Whatever method you choose to find potential co-workers, interview several people before you make any decisions; you want the project to be a success. Look at samples of the work each person has done in the past. You will also want to make sure your personalities do not clash, as you will be spending a lot of time working together.

When you find someone you are interested in working with, make sure you both understand how the work will be divided, when the deadlines will be for each step of the project, how you are going to sell your product and how the profits will be divided.

Keep looking for other joint venture opportunities as they are win-win situations – you can offer a new product or service to your current customers and the new product can also bring you a whole slew of new customers!