Establish a Joint Venture
A joint venture is an agreement between your company and at least one other to pool resources so all parties can market their products and services, or introduce new products or services, to a broader range of potential customers than they could on their own.
By expanding into an international market through a joint venture, you can gain customer confidence more quickly and generate more sales and healthier profits because you can capitalize on customer relationships your in-country partner has already established. You can also share marketing expenses so you can attract a larger targeted market base for less money.
TTT forms a joint venture with you of which you own half and TTT owns the other half. The joint venture implements projects and we share the profits.
Here are some attributes that describe your company if you would benefit from a joint venture.
- You lack knowledge or resources in a one or more critical areas for a planned venture.
- You want to expand into a country where you have no market knowledge and no contacts.
- You want to expand into a country or market where you have several strong competitors, and want gain market share quickly.
- You want to minimize the risk associated with a planned venture.
Please contact us if you are interested in learning how TTT can help you set up a joint venture.
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