How To Leverage Joint Venture Opportunities In Your Business

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To do business online, alot of people invest in advertising to get the word out about their business. While this is sufficient, you should know that you don't have to spend money to make money. I say this because there's a little-known technique of marketing called "joint ventures" that you can use to promote your business for free.

A joint venture (JV) is merely an alliance between 2 companies where they come together to earn additional profits in their business. Usually an asset is involved such as a list or a product that can be used to start the foundation of a joint venture deal. This is the most common form of a JV, but you should know that JV's can take all sorts o forms.

There are alot of businesses that have been launched via the use of joint ventures and no place is this more prevalent than online. Affiliate programs is a form of JV's where an affiliate doesn't have to do much to get started. Products are already created, sales letters have already been made, and you don't have to handle the customer support. This is a win-win situation for everybody.

The merchant of an affiliate program wins because he gets free sales and promotion for their product and the affiliate wins because he doesn't have to do anything to get started. This is the most common forms of joint ventures online and I suggest you start doing it also if you want to get started selling right away.

One way you can get started online with JV's is with opt-in list building. After someone has subscribed to your email list, they are then redirected to a page where they can opt-in to other people's list too. This is a one time offer, and the other people who's list that your subscriber can subscribe to are your joint venture partners.

And it works on your partner's end too. This is how alot of people build up their email list into the hundreds of thousands range. You can do the same thing too - it just takes a little bit of time and effort to put into use.

When contacting JV partners, you will want to make sure that your offer is good. If you currently have an affiliate program that is paying 50% to affiliates, consider offering 65%-75% to your JV partner. You want to make the deal as attractive as possible so that you can get the most chances of success with your JV partner saying "yes" to your offer.

Joint ventures still work online and you should be utilizing them today to earn more money in your business.

Good luck with using these tips to have joint venture success 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
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