Gaebler Ventures Gaebler Ventures is a business incubator and holding company providing venture capital investment and shared services to early-stage companies. We've invested in some great portfolio companies. Some of the best resources for entrepreneurs -- all based on our real world experiences! Our guiding investment philosophy is to provide exceptional returns for our investors. Check out the latest news from Gaebler Ventures. Learn more about Gaeber Ventures! Get in touch. We'd love to talk with you!   
 
 
Gaebler Ventures is a business incubator, holding company, and private equity firm. We help entrepreneurs transform ideas and innovations into greatness.

Articles for Entrepreneurs

 

Small Business Technology Articles

 

Online Partnerships

Written by Stefan Martinovic for Gaebler Ventures

Online partnerships are an amazing phenomenon. Much more so than in the bricks-and-mortar world, companies are finding partners to help promote their offerings on the Web.

As you make efforts to grow your small business from virtual anonymity to worldwide corporation, developing and maintaining a company website is most likely a top priority.
(article continues below)

A company website provides your business with a global marketing platform and many of the same promotional opportunities afforded by traditional advertising.

One of the most interesting possibilities that can be had from creating a website is the potential for internet-based partnerships. Much like physical partnerships in which complementary companies engage in cross-promotion to enhance business, an online partnership can provide your company with a similar benefit.

The trickiest part of engaging in an online partnership is finding the right partner. Ideally, you want to find a partner who is both equally interested in reaping the benefits of a partnership and who can benefit from a relationship with your company specifically.

For instance, if you own a company that produces different types of sausages, entering a partnership with a mustard manufacturer would be a wise choice.

With this type of relationship, you can split the advertising costs and receive the same amount of promotion without shouldering the steep costs of advertising all on your own. This partnership also builds a relationship as a business partner. By teaming up with a business in a complementary industry, you can be sure that neither one of you will be impeding on each other's business and can benefit from some creative marketing schemes as a result.

One key benefit of an online partnership is that there are no geographical limitations imposed by the partnership. If you were to engage in a physical partnership, you would most likely be forced to team up with another local business so that both of your products could be obtained by the target audience.

With an online partnership, you can engage in marketing activities with a company based far away from your own and still reap the benefits. This is because your target market is being engaged through the internet, making geography irrelevant. Using the previous example, a consumer in Seattle could gain exposure to two complementary products he might be interested simultaneously and be able to order them both at the same time, even though the vendors are located in different corners of the country.

It is important to choose ad placement that will provide maximum exposure to consumers with the desire and means for your products. A good first step would be to engage in a cross-promotional effort on yours and your partner's websites. This allows interested parties to find out more about a product that they are interested in as well as a vendor-endorsed complementary product. When a fair degree of success is established with a small-scale effort, branching out to websites of similar interests, such as barbeque websites in the sausage example, would provide a greater portal for consumers to view both of your companies' products.

By engaging in online partnering, your company can gain a valuable ally in business even from across the country. As a result, product exposure and potential sales increases should prove highly beneficial to your business.

Stefan Martinovic has an extensive body of work across the financial services, manufacturing, and retail industries. He is currently pursuing an MBA in Management and Entrepreneurship at The College of William & Mary.

Related Articles

Want to learn more about this topic? If so, you will enjoy these articles:

Social Networking Sites and Recruiting
Web Analytics


Comment Board

We greatly appreciate any advice you can provide on this topic. Please contribute your insights on this topic so others can benefit.

Be the first to comment on this article.



Write a comment  Code Image - Please contact webmaster if you have problems seeing this image code
Problem Viewing Image
Load New Code

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.

 

 

Additional Resources for Entrepreneurs

Starting a Business - Business Ideas - Naming and Branding - City Guides

Buying a Business - Writing a Business Plan - Raising Money - Incorporate

Small Business Marketing - Advertising Advice - Public Relations -

Customer Service Tips - Entrepreneurial Selling - Workplace Safety

Startup Leadership - Strategy - Intellectual Property and Entrepreneurs

Articles on Exporting - Human Resources for Entrepreneurs - Workers Comp

Legal Information for Entrepreneurs - Sarbanes-Oxley - Accounting - SBDC

Business Credit Cards - Nonprofit Entrepreneurs - Mission Statements

Tax Tips and Resources for Entrepreneurs - Operating Your Startup Business

Real Estate Decisions for Entrepreneurs - Franchising - Selling a Business

Starting a Home Business - Small Business Technology - Business Travel

Business Finance - Advice for Retailers - Entrepreneurship for Scientists

Administrative Professionals / Office Managers - Family Business Advice

Good Businesses to Start - Start an Energy Business - Start a Hedge Fund

Payroll Service Information - Productivity Tips - Bad Economy Advice

Small Business Websites - Search Engine Optimization - Online Reputation

Search Engine Marketing - Social Marketing Optimization - Business Forms

Business in the Jungle - Business in Fiction - Negotiating - Radio Ad Costs

Newspaper Advertising Rates - City-Specific Resources for Entrepreneurs

Small Business Insurance - Global Entrepreneurship - China & Entrepreneurs

Entrepreneur Features - Employee to Entrepreneur - Small Business Ethics

Acquisition Speculation - Good Business Books - SBA Franchise Loans

Small Business Loans - Studying Entrepreneurship - How Kids Make Money

Social Entrepreneurship - Mergers and Acquisitions -

Veteran Entrepreneurs - Useful Web Sites for Entrepreneurs - Dell Deals

Buy.com Deals - Female Entrepreneurship - Small Business Experts

Entrepreneurial Resources by State - Resources for Young Entrepreneurs

African American Entrepreneurs - Resources for Hispanic Entrepreneurs

Resources for Asian Entrepreneurs - Resources for Women Entrepreneurs

Resources for Gay Entrepreneurs - Businesses for Sale - Office Supplies

Economics - Lists of Small Business Incubators - Lists of Angel Investors

Lists of Venture Capital and Private Equity Firms - Franchise Opportunities

Recommended Products and Services for Entrepreneurs - Contributors

Get FREE Price Quotes from Multiple Vendors - Business Glossary