How do you find a JV Broker?

22 replies
So I've started up my affiliate program for my PLR club, posted a message in the JV forum here, and started building relationships with some great people.

This is all new stuff to me, so I'm trying to figure out how to approach this the right way.

I'm wondering, how do you find JV brokers? What sites or resources do you recommend to find them?

I found one Warrior who's awesome - Sean The IM Reporter... he's been a great help! Thanks Sean.

All thoughts and discussions are welcome!

Ronnie
#broker #find #joint venture
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    • Profile picture of the author Ronnie Nijmeh
      Originally Posted by Justin Mandel View Post

      Simple Ronnie - you can do a google search for one.
      LOL... this is true

      I was more thinking about recommendations of people or JV sites that are good launching points.

      In my previous Google searches, I checked a couple sites out but they seem rather old or inactive, hence the request on WF for some advice.

      Thanks,

      Ronnie
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  • Profile picture of the author lassitermarketing
    Hi Ronnie - I put together JV deals ala the Bob Serling Million Dollar Licensing method. PM me and let me know what you're goal is and we'll see if I can put it together.
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    Susan Lassiter-Lyons
    http://www.LassiterMarketing.com
    Have fun. Create value.

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  • Profile picture of the author Ronnie Nijmeh
    Thanks so much Susan! I just sent you a PM.
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  • Profile picture of the author Ronnie Nijmeh
    Thanks Dean! I signed up with Mike's forum as well... he's a great guy too!

    Teajay: Thanks for the tips about Reed, John and Alex. Do you have any connections with them or do you think they'd be reception to a PM from me?

    Thanks

    Ronnie
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  • Profile picture of the author Willie Crawford
    There are so many new products coming out that many of your
    JV brokers are booked up pretty far in advance.

    I'll share that the two biggest factors I consider in looking at
    whether or not to take a JV (as a broker) are:

    1) Is it a really high quality product offering tremendous
    value.

    2) Is it something the market is already asking for and
    therefore going to be an easier sell for JV partners.

    Willie
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    • Profile picture of the author Ronnie Nijmeh
      Hi Willie,

      Thanks for the thoughtful reply. That's really helpful!

      I hope you don't mind, I'll be sending you a PM. If you get a moment, I'd really appreciate a few moments of your time to check it out!

      By the way, my friend David Preston raves about you!

      All the best,

      Ronnie
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  • Profile picture of the author X
    Ronnie,

    In my experience JV brokers are people with
    lists of people who can help you. There is no
    magic, aside from having that list, to what
    they do.

    Often they send a few emails to this list
    notifying everyone of a new product to promote.

    And they take a 10-15% commission on top
    of your affiliate commissions for doing this
    (which in many cases is very fair, especially
    if you have a backend).

    I don't mean to take anything away from JV
    brokers - in fact I think more are needed who
    REALLY work for that 10-15%.

    But keep in mind it's just a list - so a strategy
    you might consider is to create a product
    targeted at recruiting the very people you'd
    pay to recruit. For this reason your own
    existing customers could be your best JVs.

    Consider what your ideal JV would value, create
    that and then recruit them. IE, "how to make
    six-figures per year with self help PLR"

    Another idea is to identify 4-5 who could really
    help you as a JV. Focus all of your effort on
    these people. When they promote, it starts a
    chain reaction - I have several thousand
    affiliates and that's how most of them began.

    One more idea is to find someone(s) with a
    larger existing affiliate base and make some type
    of deal - either a second tier setup or a trade -
    I worked for a company where we traded our
    list of affiliates for their's (I don't think that was
    exactly ethical, but . . . I guess if the affiliates
    gained then they didn't mind.)

    All the best to you - X
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  • Profile picture of the author Ronnie Nijmeh
    Thanks X! Those are some golden strategies I just can't overlook!

    And coming from one of my customers, I take this as a little nudge to send you a PM. ;-)
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    • Profile picture of the author X
      Originally Posted by Ronnie Nijmeh View Post

      Thanks X! Those are some golden strategies I just can't overlook!

      And coming from one of my customers, I take this as a little nudge to send you a PM. ;-)

      ;-) Yes, good idea.
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      • Profile picture of the author Mike Merz
        Thanks for the props ... I saw your reply request earlier today, Ronnie. Will touch base with you tomorrow morning to look at a few options.

        Just a few facts for those not in the know ...

        JV Brokers may appear to simply mail to a list in order to get folks on board, but most of the better ones I know ... myself, included, are actually pre qualifying you to someone you may not get past the front door with on your own ... that is One.

        Two ... most also give continuous affiliate & product launch management support free of charge, for a fee of 10% of referred partner sales. I don't think that's a bad deal.

        Three ... it's our job to get our foot in the door and make the connection, it's your job ... or your affiliate manager's job, to develop the relationship. If you simply blast out broadcasts to a JV list ... as opposed to contacting partners, individually and personally ... don't be surprised if you end up with very little response.

        Four ... as I mentioned before, JV Brokers typically make a % of referred partners sales. That means they only get paid on the sale of the partners they referred, as opposed to a typical Affiliate Manager, that normally gets paid on all sales ... and perhaps additional incentives. Once again, sounds fair to me.

        I guess what I'm trying to say is that bringing on JV partners is only the beginning of a successful JV fueled launch ... and if you expect a JV Broker to act as an affiliate manager and launch manager, as well ... you'd better be prepared to part with a lot more than 10 to 15%. And it would be well worth it.

        Best,

        Mike Merz
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        • Profile picture of the author Mike Merz
          Also ... in addition to the tips Willie and X offered, here are a few of the JV Brokers I know and recommend ... in no particular order.

          Willie Crawford - http://www.internationalassociationo....org/index.php

          Ken McArthur - http://www.jvalert.com/

          Chris Rempel - http://www.jv-web.com

          Gina Gaudio-Graves - http://www.askggg.com/ (semi retired)

          Robin J. Elliott - http://jvwisdom.com/

          Reed Floren - http://www.reedfloren.com/

          Sean McAlister - http://TheIMReporter.blogspot.com

          Marc Goldman - http://www.jvuniversity.com/

          Stu McLaren - http://myideaguy.com/blog/

          ... and check with Susan, a few posts above ^^

          There are a few more that come immediately to mind, but their sites are down ... will leave them for next time.

          Best,

          Mike Merz
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          • Profile picture of the author Sean A McAlister
            Hey Mike...good to see you again!

            Thanks for the recommendation!
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        • Profile picture of the author Ronnie Nijmeh
          Wow... you Warriors all ROCK! Sheesh... this is all super helpful.

          Mike: Thanks for the follow-up! I appreciate you taking the time to reply to my message I left on your forum. Thanks also for the list of JV brokers! Wow... that's incredible!

          There's a huge place for JV brokers, indeed. I mean, some of us are far more connected and "in the know" which makes the 10-15% cut chump change compared with the huge ROI gained... especially for someone just getting started with JVs (like myself).

          What I got from X is that there's many ways to find JVs including a few ways I'd never thought of. And trust me, these little posts are PACKED with massive money-making information that are so easy to glance over.

          Sean: Thanks for chiming in! You're the first JV broker I got in touch with and I'm so grateful. I'm looking forward to working with you and your army.

          Scott: I totally agree... I mean, percentages are just percentages. Where it gets smart is when you can mobilize the power of the JVs for future launches and tap your current customer base for bigger and better things.

          This is an amazing discussion and yet another reason why this forum ROCKS! I love the sharing and caring that goes on here... makes me feel all warm and fuzzy inside.

          All the best,

          Ronnie
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  • Profile picture of the author Scott Million
    10-15% for a JV broker is good deal. Who cares? You sell MORE product, build a bigger list of buyers...and if you're smart...

    You'll know exactly who promoted your offer, how many sales they made, and what their email address is...

    And if your offer converts well, you'll have an army that is more than willing to promote your next gig.

    Scott
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  • Profile picture of the author Willie Crawford
    JV brokers serve as middlemen who connect the product
    owners to joint venture partners.

    Joint venture partners use us as filters since we know
    better than to take them joint venture offers on
    substandard products. Doing so would cost us one
    of our most valuable assets... the trust we've earned
    with super affiliates.

    I personally look over practically everything pertaining
    to the product and launch but I also charge an upfront
    fee as well as a percentage.

    I also often insist upon a percentage of ALL sales
    from a launch, because if I'm going to throw energies
    whole-heartedly behind a launch, I don't want to
    compete against the product owner in helping
    him/her line up joint venture partners.

    I often contact potential JV's via email, snail mail,
    phone, Fed Ex, Lumpy Mail, at live events, in group
    calls, etc. In other words, I work hard to find the
    best JV partners for my clients. Consequently, it isn't
    cheap.

    Willie
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  • Profile picture of the author Anthony Smith
    brokers are a crucial element to making even more money in IM. you got a good list of guys from Mr. Merz
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    Need help finding affiliates?
    Need a joint venture broker?
    www.jv-brokers.com

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  • Profile picture of the author tommygadget
    Originally Posted by Ronnie Nijmeh View Post

    So I've started up my affiliate program for my PLR club, posted a message in the JV forum here, and started building relationships with some great people.

    This is all new stuff to me, so I'm trying to figure out how to approach this the right way.

    I'm wondering, how do you find JV brokers? What sites or resources do you recommend to find them?

    I found one Warrior who's awesome - Sean The IM Reporter... he's been a great help! Thanks Sean.

    All thoughts and discussions are welcome!

    Ronnie
    Ronnie, thanks for asking this question. I was going to put some feelers out for my Blog Flipping Fool ebook and upcoming videos and membership site. Some good information here!

    TomG.
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    • Profile picture of the author Mike Merz
      As you can see from Willie's follow up, not all successful JV Brokers work the same.

      When Gina Gaudio-Graves was active as a broker, she would have a hand in all phases of a promotion ... JV Broker, Project and Affiliate Management, etc. ... but you had to pay a reasonable down payment, and up to 25% commission ... and I'm sure it was well worth it.

      Jimmy D. Brown, Mark Hendricks, and Marc Goldman are 3 more classic examples of Marketers that would actually team up with merchant prospects to develop and promote product ... I'm certain for at least 50% of the take, and deservedly so.

      I prefer to operate on 2 levels ... 'A' gigs, involving a general mailing and one on one recruitment from my personal strong past performer lists, and 'B' gigs that are generally just a mailing, archive, and blog post for added exposure. Both include affiliate management and product launch advice as needed and available for free. Either way, I take less control ... hands on wise, but typically ask for less compensation ... and handle more gigs. I have, however, acted as broker/affiliate manager for major launches (Mark Joyner's 'Farewell', Mike Filsaime's Butterfly Marketing, etc.) ... and was paid on a commensurate scale.

      But above all ... the job of a JV Broker is to introduce you to a prospective JV partner ... not simple affiliate, meaning that an occasional email is not going to cut it ... we're talking about creating and nurturing long term, reciprocal relationships of mutual benefit.

      Unless you've reached the celebrity status of a John Reese or Frank Kern, you're going to have to work at it ... they don't have to work as hard, because they've already created the name and product brand that attracts and motivates ... they've qualified themselves, for the most part, in the minds of your prospective partners and their subscribers ... so there is less need to work at it like the rest of us have to.

      My pet peeve is merchants that go after multiple brokers, get all pumped up because they've got '500 partners on board' ... only to send out an occasional broadcast during pre launch and launch, and wonder why the launch was a flop. What about split testing your headline, copy, price points, and point of sale prior to pre launch? ... testing your entire marketing system? Putting together and contacting 10 to 20 strong past performers, first, in an attempt to create your core group to better the likelihood of follow through, and use those names as social proof to get others interested? Follow up with partners that got on board but didn't promote? ... not to beat them, but ask if they received the notifications, if there is anything you could do to make this work for them, even set up a launch at a later date for their list?

      ... I could go on for pages. And I offer all this advice, and more, to those clients that take the time to listen. Not a bad deal when you look at it that way, eh?

      Best,

      Mike Merz
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  • Let me first start by saying I've worked with both
    Mike and Sean. Both great guys. Both have helped
    bring a ton of affiliates to my former projects.

    You do have to make sure you follow the rules of
    any broker you work with. Break them once...you
    may get some extra affiliates...but you'll lose their
    services for the future...and most of us are here
    for the long run.

    So don't be short sighted

    Next...take heed to Mike's warning on having to
    still work hard to motivate them.

    I've worked numerous launches (Including a support
    role on the original, 18 million in 24 hours, Stompernet
    project (I was with Frank Kern as we watched the
    numbers pile in))...and I can tell you that it is always
    a task to ensure you get affiliates mailing (Unless, as
    Mike mentioned...your name just means people mail).

    So...market to your affiliates the way you do your
    prospects. Maybe not in the same exact way...but
    in a way...nonetheless.

    Lastly...good luck
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  • Profile picture of the author Ronnie Nijmeh
    Wow... lots of valuable info here!

    Willie: Thanks for sharing how things work with you. You're a classy guy with a sharp eye for promoting quality stuff. Good to see how you do it!

    Mike: I really appreciate sharing the how-it-works with you as well. It's good to know the ins and outs. It's true, we have to think of it as JV partners, not merely affiliates.

    And I totally agree about doing the testing and tweaking as a merchant. That's why I spent the last 3 months recruiting members to my PLR club myself. I went about it the hard way, figuring out what works and what doesn't, tweaking the sales page, etc.

    I could have went all-in for my launch back in September, but I wanted things to be right, not rushed.

    The Launch Manager: You're right... any time we get short-sighted and lose perspective, we lose relationships along the way. It's like that in life. Building relationships - whether it be a positive, loving, or profitable one - always starts with being helpful, considerate, kind, and generous. It's not about giving and taking, rather sharing and strengthening.

    I mean, you wouldn't ask a lady to be the mother of your child on your first date... just as you wouldn't ask Willie, Mike or Sean to be the father of your... okay nevermind, that's just one bad analogy that never should have happened.

    Thanks again Warriors!

    Ronnie

    P.S. Willie, Mike and Sean... thanks for taking my bad joke in jest!
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