£34,000 GBP In 3 Days From My First Ever JV and I'm Angry...

36 replies
That's right!

Most people would be jumping through hoops if they'd made that sort of money when they're new to all this.

I created a product way back in June last year that I had some early success with.

I approached a few possible JV partners who all said, 'Yeah! Let's do it!!!' and then never did so I just gave up on the idea thinking it was good while it lasted.

Then a couple of weeks ago I decided that I should stop being a loser and pull my thumb out of my arse (Metaphorically speaking) and do something.

So I approached company here in the UK with my JV offer.

They said they would like to work with me and started off by increasing the price from £27 GPB to £77 GBP.

They then ran a 'test' promotion to a list of 14,500 names and as of this morning we had sold 442 copies. And we are splitting the profits 50/50.

So why am I angry?

Because I don't have a list of customers!!!

My JV partner has hosted the sales page on his website, taken all the payments and fulfilled all the orders. It is now clear to me that he has done this to protect his customer database.

I always heard that, 'the money is in the list' but never really took any notice.

But if I had a responsive list I could have promoted my product to them and possibly made that sort of money on my own, PLUS what this JV has made.

So it is now clear that I need to start building a list asap.

But how do I do it? Is there a good WSO that you recommend?

Please help!

Thanks

PS. To all other newbies reading this, start building your list from day one. This should be your main priority!!!
#£34 #angry #days #gbp
  • Profile picture of the author thatkeywordguy
    google viperchill blueprint
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    Get Keyword Reseacher at CleverGizmos.com.

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  • Profile picture of the author Ben_Doyle
    Thanks I'll take a look!
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  • Profile picture of the author NACAdam
    okay so here is what you do ... You made that money so dont be mad now take some of that money and buy HIGH quality solo ads .. You will fail if you buy cheap ones . Directory of ezines is a good place to start you can contact these ezine directors and ask them to see stats they should be able to show you CTRs and even what day and what time of the day bring in the highest conversions not only that Join JV notifier pro .. Also look in the JV section of this warrior forum there are quality solo ads to be bought there . There are some really good Solo Ad WSOs that will show you how to do this in detail just google" solo ad WSO "
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  • Profile picture of the author Venturetothetop
    Sent you a PM, we are looking for a few new members to join a mastermind group, and you may be a great addition. You gain a lot, and we gain a committed member too, win win.
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  • Profile picture of the author JJ Remington
    Don't forget to make a squeeze page of your own and add a signature line with a link here.
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    Copywriters HATE this.
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  • Profile picture of the author protectyoursales
    I definitely think that paying for your subscribers is the way to go if you want a list and you want it fast; you can solo ad and ad swap your way to a pretty big list if you've got deep pockets to do so, which, if you just came out of a JV then you do.

    So, that being said and without knowing your current skill set, I would spend your time learning how to SELL to people through emails instead of the actual process of building a list, because you can always pay for a list, but you can't pay for higher conversions.
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  • Profile picture of the author Michael D Forbes
    Have you asked your JV for the buyer data? You could certainly import that into a number of auto responders. It may be a bit late to ask for that, but it's worth trying.

    Beyond that, I wouldn't worry about it too much, we all make mistakes. Like someone above me said... you know your product converts at over 3% at that price point, at least on that particular list, which isn't too shabby.

    Rather than be mad that you made a healthy chunk of money... use your energy to find other markets, more JVs, and most importantly, to gain control of your assets.

    Good work!
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  • Profile picture of the author davejug1
    Damn, you probably feel like me - Lost money.
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    Yes I do have freebies!

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  • Profile picture of the author opatrao24
    Banned
    [DELETED]
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    • Profile picture of the author theemperor
      I would try this:

      1. Create a freebie which you mention in the product. E.g. "To get these amazing free extra bonuses visit www.thesuperbonussite.com."

      2. On this site put your optin form.

      3. If the 14500 names was a test, then I am assuming he can roll this out to a larger number. Do so with the modified product and then in addition to the revenue you will also get a few email addresses too. It may only be 100 or so but these are buyer contacts who would probably buy again.

      4. Also you could add a 195 pound upsell to the package which again they need to buy from your site so you geto 100% of the money and their email address.
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  • Profile picture of the author Will Edwards
    Good example of 'scarcity' v 'abundance' mindset. You should be delighted, my friend. You now know exactly what you have to do - a lot of people never get that far.

    Will
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    • Profile picture of the author Richard Tunnah
      Originally Posted by Will Edwards View Post

      Good example of 'scarcity' v 'abundance' mindset. You should be delighted, my friend. You now know exactly what you have to do - a lot of people never get that far.

      Will
      I agree Will. Ben think of it this way. You now know there's a market for your product and at a much higher price point then you were originally going to sell at. So they've actually done a lot of the hard work for you. You may also know exactly the type of customer this company has on their list allowing you to use some of your profits to target these customers yourself maybe via ppc.

      Rich
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      • Profile picture of the author shaunburke
        The other side of this is now you've got proof of a successfully run JV, YOU can take the reins on your next deal and come out of it with a 50/50 split AND a list of buyers.

        The cash will give you the time to be choosy with the next company you work with.

        But, still it's 34k dude!
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  • Profile picture of the author Meozyn
    At least you know that you have the potential to make millions, time to start getting into list building!
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  • Profile picture of the author owenlee
    Take it as a lesson learn...as least you did not lose out...you are always not too late to build a list...
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  • Profile picture of the author Andyhenry
    Yeah - I feel for you. Fancy only making £34k in 3 days. Some people have all the problems.
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    nothing to see here.

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  • Profile picture of the author J Bold
    Well, I would say you've done pretty well.

    I'd ask if you could have access to that buyer's list somehow, even if it's just to import to an autoresponder and ask them to confirm to be on your list. Better than that would be to ask your partner to send an email to all buyers saying free bonuses if they opt-in to a list you set up. That would be a start, and you've got some good proven buyers right there.
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  • Profile picture of the author ZaneZenMaster
    If there's a members area in there you can create a free offer for them to sign up with.
    Or you can extract the Users from WP with a plugin called Users to CSV.
    If you have no access to the site, just just might want to contact your JV partner and ask him nicely for at least half of the customers.

    What you should have done is integrate your list with the WSO Pro button, while your JV takes the list from the membership site.

    Be grateful though, not many make that much money on a WSO in 3 days, and you also have enough money to invest in building a big list.
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  • Profile picture of the author Matthew Barnett
    Ben - that's an awesome result. Yes, you missed an opportunity to build a buyer list from this, but all the same you have just made more money than most people here in the UK make in a year!

    Will drop you a PM - always interested to talk to other people here in the UK and would be interested in finding out more about your product and promoting it to my list too..
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  • Profile picture of the author ryanmilligan
    Banned
    You now have £34'000 to build a list, that's like $70'000. You could probably buy about 100'000 to 150'000 clciks with that. Then end up with your own list of like 30'000-40'000 subscribers, provided your squeeze page is any good.
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    • Profile picture of the author trevpen
      lol. Early on, soon after I entered the business world, and had a similar experience to yours, my then boss soothed my ruffled feathers with the advice that nothing in life comes free, and we have to pay (not always in money) for the lessons we learn. So be thankful for the lesson you have learned, think of its value to you, and then you may actually view the price as cheap.... Good luck with your list-building!
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  • Profile picture of the author ryanmilligan
    Banned
    Originally Posted by precious007 View Post

    A good start to build a list would be to buy a few solo ads with the money you've just earned. I'd spend around 20K on solo ads alone, 20K in adwords clicks and another 20K in distributed content.

    I can guarantee you'll build a list of at least 100,000 subscribers ;-)

    Great suggestion.

    Internet marketing is one hundred times easier when you have lots of money to throw at things.
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  • Profile picture of the author dave147
    It's a common mistake! not building a list at the start, but at least now you're in the right place to get cracking on it, you'll get plenty of help here - don't be angry...be happy...you have a product that sells fairly well @ $77
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  • Profile picture of the author peptone
    There was a recent WSO about List Building called "List Building Super Nova" by James Renouf.
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  • Profile picture of the author Ben_Doyle
    Thanks for all the input guys!

    I must stress that £34,000 needs to be split. So I'll take £17,000.

    I am glad this has happened in some respects. It's made me realise the value in what I HAVEN'T got.

    I know £17,000 is a massive amount to make in such a short space of time and I'm by no means saying that it isn't good enough.

    I'm angry at myself more than anything for not listening to people on here when I started out.

    After all, I'm still new to this and I have a huge amount to learn

    Thanks
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  • Profile picture of the author CDarklock
    Originally Posted by Ben_Doyle View Post

    But how do I do it? Is there a good WSO that you recommend?
    Well, obviously I'd like you to buy the product in my sig, but it's not out for another week. So let's look at other options.

    For what you're talking about - building a buyer list - the easy answer is to look at whatever you use to deliver your product. Chances are it integrates with one or more list providers. Go get an account on one of them, and hook up your delivery system to it.

    In addition, it is normal for JVs to include joint ownership of the list. Go to your JV partner and ask about getting a list of the buyer leads that came in from your JV; the worst he can say is "no," and he may actually be perfectly willing to hand over the list.

    Meanwhile, I'm going to give you some reasonably startling advice.

    You don't need to buy anything about building a list. Everyone and their brother will tell you how to build a list. The steps are well-known.

    1. Get an autoresponder account.
    2. Make a squeeze page.
    3. Write some emails and schedule them.
    4. Drive traffic to your squeeze page.

    Now, getting better at the above may require some training, but honestly... everyone has an opinion. Most of the information is available free, and what you're really learning from most products is not "the best way to build a list" but "how I like to build a list."

    So if you're looking at a product, start off by asking whether you have the same kind of goals the product vendor has. Someone who primarily makes money from affiliate sales of WSOs by mailing frequently with lots of offers will probably not help too much with your efforts to sell a single Clickbank product to people with a medical condition.
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    "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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    • Profile picture of the author Ben_Doyle
      Again guys, thanks alot!

      Lets say I was starting from scratch.

      An auto responder series would be the easy choice as it would send out my pre-written emails to my customers and I wouldn't have to do much else, I get that.

      But I want to send out broadcasts ideally. For 2 reasons:

      1) So I can email them with information that is relevant TODAY
      2) And if I send an affiliate recommendation out the money comes in all at once as opposed to it trickling in here and there.

      But I don't want to be sending out broadcasts/offers when I might only have 30 people on my database, doesn't really seem worth it.

      What do you think?
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      • Profile picture of the author CDarklock
        Originally Posted by Ben_Doyle View Post

        But I want to send out broadcasts ideally.
        Yeah, I used to think I had to pick one, too.

        Set up an autoresponder, and send your broadcasts anyway.
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        "The Golden Town is the Golden Town no longer. They have sold their pillars for brass and their temples for money, they have made coins out of their golden doors. It is become a dark town full of trouble, there is no ease in its streets, beauty has left it and the old songs are gone." - Lord Dunsany, The Messengers
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        • Profile picture of the author Ben_Doyle
          Originally Posted by CDarklock View Post

          Yeah, I used to think I had to pick one, too.

          Set up an autoresponder, and send your broadcasts anyway.
          Thats what I though but aren't people just going to get pissed off?
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  • Profile picture of the author MichaelSJohn
    My suggestion is to go and find as many JV partners with this approach:
    "Hey, I love your site and admired it for a while. I'm the creator of "X" and we just sold a bunch of stuff but I just want to promote you because you really give great value and I want to share that value. How do you recommend I do it? Can you call me or find me on skype?"

    Now you will make a connection and once you start talking you have only been talking about him and how you can help him while flashing some credibility. Once you talk to them it's an easy JV deal to work through.

    Remember, if you have rights to your product still you still have a goldmine in front of you.

    Here's another idea, and this is what I do, I would ask the person who just did the launch if they can open the product to a webinar with you and use that webinar to rebuild your list. Just say you want to focus on the people who didn't buy so they don't think much of it.
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  • Profile picture of the author sethczerepak
    Originally Posted by Ben_Doyle View Post

    That's right!

    Most people would be jumping through hoops if they'd made that sort of money when they're new to all this.

    I created a product way back in June last year that I had some early success with.

    I approached a few possible JV partners who all said, 'Yeah! Let's do it!!!' and then never did so I just gave up on the idea thinking it was good while it lasted.

    Then a couple of weeks ago I decided that I should stop being a loser and pull my thumb out of my arse (Metaphorically speaking) and do something.

    So I approached company here in the UK with my JV offer.

    They said they would like to work with me and started off by increasing the price from £27 GPB to £77 GBP.

    They then ran a 'test' promotion to a list of 14,500 names and as of this morning we had sold 442 copies. And we are splitting the profits 50/50.

    So why am I angry?

    Because I don't have a list of customers!!!

    My JV partner has hosted the sales page on his website, taken all the payments and fulfilled all the orders. It is now clear to me that he has done this to protect his customer database.

    I always heard that, 'the money is in the list' but never really took any notice.

    But if I had a responsive list I could have promoted my product to them and possibly made that sort of money on my own, PLUS what this JV has made.

    So it is now clear that I need to start building a list asap.

    But how do I do it? Is there a good WSO that you recommend?

    Please help!

    Thanks

    PS. To all other newbies reading this, start building your list from day one. This should be your main priority!!!
    Good, you learned an important lesson, and you have some money to invest towards using that knowledge. Just be thankful you didn't have to LOSE that amount to learn the lesson.
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  • Profile picture of the author AndyBlackSEO
    I created a free online tool which got me 15 - 25 opt-ins per day, everyday. I stopped that well over a year ago now as I have a paid version. Still, create something if value... Gain some traffic momentum and opt-ins will come in.
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