Joint Venture Know the basics of joint venture and get started on the right path. Have you ever heard of the term “joint venture?” If you are doing online business then I am pretty sure that you have heard of the term used before. But for beginners who do not know what a joint venture is, joint venture is when two separate entities or business come together to form an undertaking to attain a common goal. Both parties agree to invest money, time, know-how, effort, etc. to reach the objectives of their joint venture. Doing business with another entity through joint venture is one of the easiest ways to make a lot of money online. And in this fast –phased world that we move in everyone is just looking for the easiest and fastest to earn money and in my opinion joint venture would be able to help you in that area. Marketing experts believe that joint ventures are essential if you want to grow your online business. As enticing as it sounds there are still plenty of people who do not want to indulge in joint venture. They feel that joint ventures are something that is out of their league and too much for them to handle. But in truth there is nothing to be scared of when it comes to joint ventures. Like with everything else, before you start with a joint venture there a few things that you need to know and understand. So to make joint venture easier for entrepreneurs out there here are a few things that you need to know. Joint Venture Basic #1: Have a clear goal As soon as you have made yup your mind about starting a joint venture then you should also be able to pinpoint which aspect of the business you want to subject to a joint venture. You also have to set goals for the joint venture project you are planning. Joint Venture Basic #2: Take the time to conduct a thorough research So you have decided that you want to get involved with joint venture and set the goals that you want to achieve. The next step is for you to look for joint venture partners. If this is your first time to do a joint venture then it is understandable if you are clueless as to whom you should partner with. The best way to find joint venture partners is to conduct an extensive research and search for the best candidate/s. Keep in mind that in choosing a joint venture partner you need to look at your business and evaluate it, after which you can go and look for other businesses that would complement yours. The internet will be the best place to get the necessary information that you need to start your joint venture project. Joint Venture Basic #3: Pay attention to ranking Looking into fast growing websites is the next thing that you should be doing when looking for partners for your joint venture. Make a list of these fast growing websites and then look them up on Alexa.com. This tool can be used if you want to know the growth rate of websites you are interested to form a partnership with in your joint venture project. Remember that if this is your first time do a joint venture then it is advisable that you start with small businesses first because you have bigger chances of getting a reply from these websites as compared to bigger ones. If you want to know more on joint ventures basics then you should read Joint Venture – 7 Tips to get your Joint Venture Project Started.