Little-Known Ways To Leverage Joint Venture Deals In Your Business
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If you’re currently worried about the costs of doing business online, then you should know that there are ways to get your message across to people while spending little to no money at all. One such way that you can do so is via the use of joint ventures.
A joint venture (or JV) is a partnership between two similar businesses for the benefit of additional profits. One of the most common forms of joint ventures online is the use of affiliate programs, but joint venture partnerships can take all kinds of shapes and sizes.
Many businesses have been launched via the use of partnerships, and you should know that yours can be launched with partnerships ventures too. Also, your credibility in a marketplace can increase when you “piggyback” on the credibility of a larger business. This can only increase your sales and grow your customer list.
One such way to start a JV online is through the use of opt-in email lists. You can get tons of traffic online through the use of opt-in list partnering. In this form of a joint venture, new subscribers on your partners list will have the opportunity to join your email list - and vice versa. This is a great way to gain new subscribers for zero costs, and your joint venture partner benefits in the same way.
The main attraction in this kind of JV is that it is a win-win situation for both parties. You’re leverage the assets of your partner and your partner is doing the same for you. If you want to engage in a partnership where a product is being sold, then you will want to offer your JV partner a significant share of the profits.
So if you currently have an affiliate program that is paying 50% to standard affiliates, you will want to offer your JV partner anywhere between 65%-75% of the total profits. You want to do this so that your offer sounds attractive, and that your partner will feel as though they are getting special attention.
Usually you would pay super affiliates this kind of commission, but because you personally sought out this potential JV partner, you will want to give this kind of commission.
The best thing about this is that even though you are paying alot to your partner, you still risk nothing. You’re still gaining customers and sales for free and it’s something that you wouldn’t have acquired without the use of the joint venture. It’s a 100% win-win situation, and it’s something that can be repeated indefinitely.
When choosing your partner, you will want to have a definite plan. Search for websites and blogs that write about similar themes of your website, and that offers products similar to yours. Once you’ve found a few targeted websites, send them a proposal email to seal the deal. Your partner will respond to your request and you will find that the increased credibility and new partnership was worth the effort.
Be sure to keep these tips in mind when seeking out joint venture partners. They will be sure to come handy when you do so. Good luck.
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
A joint venture (or JV) is a partnership between two similar businesses for the benefit of additional profits. One of the most common forms of joint ventures online is the use of affiliate programs, but joint venture partnerships can take all kinds of shapes and sizes.
Many businesses have been launched via the use of partnerships, and you should know that yours can be launched with partnerships ventures too. Also, your credibility in a marketplace can increase when you “piggyback” on the credibility of a larger business. This can only increase your sales and grow your customer list.
One such way to start a JV online is through the use of opt-in email lists. You can get tons of traffic online through the use of opt-in list partnering. In this form of a joint venture, new subscribers on your partners list will have the opportunity to join your email list - and vice versa. This is a great way to gain new subscribers for zero costs, and your joint venture partner benefits in the same way.
The main attraction in this kind of JV is that it is a win-win situation for both parties. You’re leverage the assets of your partner and your partner is doing the same for you. If you want to engage in a partnership where a product is being sold, then you will want to offer your JV partner a significant share of the profits.
So if you currently have an affiliate program that is paying 50% to standard affiliates, you will want to offer your JV partner anywhere between 65%-75% of the total profits. You want to do this so that your offer sounds attractive, and that your partner will feel as though they are getting special attention.
Usually you would pay super affiliates this kind of commission, but because you personally sought out this potential JV partner, you will want to give this kind of commission.
The best thing about this is that even though you are paying alot to your partner, you still risk nothing. You’re still gaining customers and sales for free and it’s something that you wouldn’t have acquired without the use of the joint venture. It’s a 100% win-win situation, and it’s something that can be repeated indefinitely.
When choosing your partner, you will want to have a definite plan. Search for websites and blogs that write about similar themes of your website, and that offers products similar to yours. Once you’ve found a few targeted websites, send them a proposal email to seal the deal. Your partner will respond to your request and you will find that the increased credibility and new partnership was worth the effort.
Be sure to keep these tips in mind when seeking out joint venture partners. They will be sure to come handy when you do so. Good luck.
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