How Can Joint Ventures Improve Local Small Business Profits?

If you own a small business, whether it is a bricks-and-mortar business, a service business, or a company operating primarily online, joint ventures can give you powerful influence in the marketplace. Joint ventures provide a huge reward for less effort because of the power of leverage.

A joint venture in business is simply a triple win, or a win-win-win. It happens when 2 (or more) business owners do a deal that not only benefits both businesses, but also serves the customers. There MUST be a win-win-win.

Let me give an example so you can understand the power of these profitable arrangements. There are many kinds of JVs that you can organize. This example is for local business owners. Imagine this scenario. Sam owns a dog-friendly restaurant. Sarah owns a gourmet dog cookie business. They form a joint venture that works like this.

Sarah makes little “doggie bags” with a couple of her gourmet treats, a business card and a coupon for 10% off the purchase of a bag of gourmet treats. When people go into Sam’s restaurant with a dog, they get one of the treat samples. They go into Sarah’s business and redeem the coupon. Sarah hands out a coupon to everyone who purchases from her shop offering a free appetizer at Sam’s restaurant. This is a good fit because people who own dogs would be interested in shopping at both businesses.

These mutually beneficial arrangements re-define economic stimulus, because they are based on people’s buying habits. This is only one of many ways a joint venture could work. Why not put on your thinking cap and consider how you might work out a win-win-win scenario like what I have just described?

All it takes is a little creativity and a deep desire to serve your customer. Find out what else your customer buys. If you notice that people often come into your business carrying shopping bags from a particular nearby business, you have the basis for a joint venture. Could you ask them to offer a coupon or a sample? And could you in turn find a way to give your customers a discount or sample of theirs?

Some questions you can ask yourself to get you thinking:

Where else do your customers like to shop?

What other products/services are a natural fit for your customer?

What else do your customers want and need that you don’t intend to provide yourself?

How can you make these customers to think of you as their hero?

Whom do you know in a business that your customers would also like to frequent?

Whom do you trust in a complimentary business?

How can you better serve your customers by forging joint ventures?

How will you track results?

Start stretching your mind and your expectations and create your own economic stimulus plan through the power of joint ventures.

Putting Together a Cookie Basket: The Most Creative and Unique Way to Present Your Homemade Cookies

Whether you’re up to sell cookies or thinking of giving them as gifts, there’s certainly no better and more creative way to do it than putting together a cookie basket. This gift or business idea is not only unique, putting together an appealing basket full of fresh baked treats is also easy and fun!

To do it, all you need are the cookies, the basket, some decorative papers, ribbons or cellophane wraps, and a little dose of creativity.

There are cookbooks that can teach you how to make wonderful treats in different forms, shapes, and flavors and can provide you with tips and tricks on how to present them in the most attractive and creative ways.

There’s definitely nothing more thoughtful than to give homemade cookies that are made out of your own efforts. Moreover, having an attractive and uniquely-designed basket as a gift is perfect for all types of occasions and parties.

You can also choose to personalize your baskets so they fit more to the occasion or event you are attending.

Meanwhile, starting out a cookie business only takes a little amount of uniqueness and creativity. Putting together a basket filled with different varieties of cookies is a good start.

Attract more customers every day by presenting them with different types of cookies uniquely-arranged in an attractive basket. With the help of online cookie recipes, you can make different varieties and see your business start to bloom.

The best part of putting together a cookie basket is that you can fill in a basket with a variety of different kinds instead of just having one kind.

There are online cookbooks that can provide you a huge selection of cookie recipes. Let these cookbooks guide you as you put together different kinds of cookies in a basket.

Online cookbooks can provide you hundreds of recipes, from the most common and simplest cookies like chocolate chip cookies, oatmeal raisins, and meringue cookies to a bit more complex cookies, such as gingerbread, sandwich cookies and cookies with icing decorations.

Start a Cookie Business – The “Sweet Success” Business

If you love to bake and you want to make money doing something you love, you should start a cookie business.

Why? Because making cookies is an excellent way to work from home.

Benefits:

You choose your own hours and you are in charge of your own success. As well, there is so much room for variety that you will never get bored of making cookies for your business. It is a great job for anyone that enjoys being creative and has a good business sense.

What It Involves:

The cookie business can consist of making cookies in bulk and then selling them to retailers who will sell to their customers. It can also involve custom orders where you make the cookies as per the clients’ requests. You may choose to bake from home but if you are making large orders, it may be beneficial to rent a facility with larger ovens and space to make batch orders.

Before You Dive In:

Running a cookie business is about doing something you enjoy for a living but there is more to it than that. You need to remember that the point is to make money while you are doing it. Therefore, you have to put on your business hat and think about how that is going to happen. You must have a business plan and you need a marketing plan. That means deciding what you want to sell and whom you want to sell it to.

Once you know that, you can move on to doing what makes you happy and making a profit, too.