Do you know your own level of success? Many entrepreneurs don’t know where they stand in the spectrum between the greenest newbie and experienced guru. You want to find Joint Venture partners who are preferably more successful than you are.

That’s not to say someone who is newly emerged on the scene can’t contribute to the equation. It’s very possible a breakout star will hit one out of the ballpark – but as a rule of thumb, try to partner with someone you can learn from throughout the venture.

You’re bound to come across potential partners that don’t respond. For instance, if you start out emailing the top best-known ‘net marketers with an offer, you have to realize that their inbox is flooded with more of the same, so they may not even respond to you.

Instead of getting angry and demanding an answer (read: burning bridges), stay calm, and one day they may approach you for a Joint Venture opportunity. Continue trying to find the best person to partner with.

Ask around at forums to see if anyone has the talents or tools that you need. Whenever you get a name, be sure to Google that person and read up on his/her reputation. The last thing you want to do is partner with someone whose reputation has the potential to tarnish your name. When you find the right contact person, draft your letter of opportunity. Make sure you include all of the pertinent details to turn their doubts into affirmatives.

If your product complements their own, be sure to discuss the benefits to them of providing their own customers with access to it. If money is the bottom line, discuss the potential profits involved.

Rumor has it that someone once sent a prospective Joint Venture partner $500 cash in the mail. The offer said something to the effect of, “I’m so confident we’re going to make money on this, that I’m giving you your first $500 commission TODAY!”

If you can’t figure out how to contact the owner of a website, try going to http:// www.nicforce.net/whois/ and entering the site’s URL. This will usually tell you how to contact the administrator of the site.

Wash, Rinse Repeat.

When you successfully generate one Joint Venture opportunity, make sure it goes as smoothly as possible, and learn from any mistakes. You want the process to go over well – not only so you can repeat a future Joint Venture with the same partner, but so that word will spread of your success and more opportunities will come your way.

You can get testimonials from your Joint Venture partners (and give reciprocal testimonials as well) to entice others to give your suggestions a try. Make sure your website allows other people to contact you as your success grows.

You may or may not want to proceed with a formal agreement. It’s usually better if things are spelled out in legal format to protect both parties involved. However, some JV partners forego the legalese and simply shake hands on their partnership.

Whatever you feel comfortable doing, make sure each party understands his or her own responsibilities in the deal and what the monetary share will be when and if the project becomes a success.