How Joint Venture Marketing Can Boost Your Online Profits
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Do you understand the principle of the "joint venture" (JV)? If not, then you need to get well acquainted with it. It's something that can dramatically boost your sales for free, and you could build a lifelong relationship with your joint venture partner who could be supplying you with endless sales daily.
Now if this sounds like a good idea, then it is. And no... it's not "too good be true". One of the purest forms of JV marketing online is affiliate programs. With an affiliate program, you can promote someone's product, and earn a nice commission on every sale made. This is basically the premise behind joint venture marketing.
Now when doing joint ventures, you will want to strive to convince someone to become a partner with you. Generally this involves sending your potential partner your product and/or your sales letter page... or your email list. Find someone who has something to offer for your product or niche, and then write up a JV proposal for your partner.
In your JV proposal letter, you will want to tell your potential partner that they will receive a large commission rate for every sale made. If you're offering your affiliates 50% on each sale, consider offering your JV partner 65% of each sale. They will probably research you quite a bit before they say "yes" to your offer, so make sure that you point this out to them.
I also mentioned that you may have to send them a copy of your product for them to review. After this point, the ball is in their court. They will either accept or decline your offer, and if they decline... simply move on and try to find other potential partners in your niche who would be willing to do a JV with you.
Also, you will want to join various affiliate networks online who specifically specializes in forming joint ventures. Some are free, and some you have to pay a fee for. And depending on your niche, paying the fee may be a good idea - because the niche may have alot of partners who are looking for new people to do deals with.
I enjoy joint venture marketing if the terms are right and if it's worth my time - because generally I receive good offers, and then sometimes I receive offers that aren't so stellar. Nevertheless, you should be able to sort through the clutter and choose partners that will be likely winners for you.
Joint venture marketing is something that can explode your sales in a short period of time. I know of a guy who made $20,000 online within a matter of weeks from a joint venture that he did with another well-known online business owner. Your results will vary obviously, but with the right price and a great offer... you stand the chance of earning big time with a JV.
Sometimes people will approach you for a proposition, or you will have to be the catalyst. Nevertheless, it can still become profitable for you.
Good luck with finding and forming joint ventures in your online business today.
ABOUT THE AUTHOR: Randall Magwood is one of the most respected and highly-regarded online marketing experts on the internet. He has a website about internet marketing that helps small business owners learn how to market their business online simply and easily. To learn more, visit his website here: http://www.internetmarketing-rules.com
Now if this sounds like a good idea, then it is. And no... it's not "too good be true". One of the purest forms of JV marketing online is affiliate programs. With an affiliate program, you can promote someone's product, and earn a nice commission on every sale made. This is basically the premise behind joint venture marketing.
Now when doing joint ventures, you will want to strive to convince someone to become a partner with you. Generally this involves sending your potential partner your product and/or your sales letter page... or your email list. Find someone who has something to offer for your product or niche, and then write up a JV proposal for your partner.
In your JV proposal letter, you will want to tell your potential partner that they will receive a large commission rate for every sale made. If you're offering your affiliates 50% on each sale, consider offering your JV partner 65% of each sale. They will probably research you quite a bit before they say "yes" to your offer, so make sure that you point this out to them.
I also mentioned that you may have to send them a copy of your product for them to review. After this point, the ball is in their court. They will either accept or decline your offer, and if they decline... simply move on and try to find other potential partners in your niche who would be willing to do a JV with you.
Also, you will want to join various affiliate networks online who specifically specializes in forming joint ventures. Some are free, and some you have to pay a fee for. And depending on your niche, paying the fee may be a good idea - because the niche may have alot of partners who are looking for new people to do deals with.
I enjoy joint venture marketing if the terms are right and if it's worth my time - because generally I receive good offers, and then sometimes I receive offers that aren't so stellar. Nevertheless, you should be able to sort through the clutter and choose partners that will be likely winners for you.
Joint venture marketing is something that can explode your sales in a short period of time. I know of a guy who made $20,000 online within a matter of weeks from a joint venture that he did with another well-known online business owner. Your results will vary obviously, but with the right price and a great offer... you stand the chance of earning big time with a JV.
Sometimes people will approach you for a proposition, or you will have to be the catalyst. Nevertheless, it can still become profitable for you.
Good luck with finding and forming joint ventures in your online business today.
ABOUT THE AUTHOR: Randall Magwood is one of the most respected and highly-regarded online marketing experts on the internet. He has a website about internet marketing that helps small business owners learn how to market their business online simply and easily. To learn more, visit his website here: http://www.internetmarketing-rules.com