|
|
|
|
|
|
|
|
|
|
| hotnetprofits.com - All rights reserved - © 2003 |
hotnetprofits.com
Online Home Based Business Opportunity Articles
The Beginner's Fast Track to Joint Venture Profits
by Alexander Teo
As a beginner, you may think that joint ventures are for the big boys only. Unreachable for newbies in any way. However, right here, right now - I'm going to show you, a beginner, how to start making money with your first joint venture project.
After reading most articles on joint ventures available today, many newbies may picture a joint venture as a 'lazy man's new way to riches'. While it can be true that joint ventures can make you rich, more often than not, it's not going to be easy for newbies to make a lot of money with joint ventures.
In fact, after beginners go through much of the information about joint ventures on the web, I'd say 99% of the beginners would still be a bit confused and unable to start a lucrative joint venture.
But, if you're willing to keep an open mind, follow my simple steps outlined here and work like a pro, you CAN start making money every month quickly and easily.
As far as I'm concerned, the joint venture secrets I'm revealing are something no one has ever taught you. I'm exposing how the magic is being done, so to speak.
It takes time to build your own successful website and responsive opt-in list. However, I'll show you how to start a lucrative joint venture WITHOUT A website or opt-in list.
I believe every subscriber of this ezine is a self-motivated and smart person. You just need a little more clarity on the direction to make money in joint venture marketing.
OK, let the exciting journey begin.
It's simple to set up a joint venture when you know how. Let's look at this real-life example.
After a discussion, a website owner and I agreed on a joint venture to sell his financial information product. I promoted his ebook online while he went offline to market his product and service nationwide.
I generated visitors to come to our minisite that sold the ebook. Although not more than 10% of the visitors bought, it's instantly profitable for me because of the high profit share I've negotiated. (This is an important secret and later I'll talk more about it.)
The website owner was happy because he received customers whom he could generate backend sales. He got not only thousands of targeted visitors, but buyers, without spending a dime of his own. Without spending any time promoting it online. Because I did all the promotions for him.
Now, let's make things easier for you. I'll walk you through the steps to set up your first joint venture.
Before you contact the potential JV partner, you find a website that has a marketing system in place to sell a product or service in demand. That means, it targets an existing market, it has a powerful sales copy, it accepts credit cards, etc.
I recommend either selling an information product (growing demand) or a marketing service (repeat business).
It's better to work with someone who spends more time marketing his information product offline. You can negotiate for a higher share of profits as you'll do most of the online promotions for him. Of course, with millions of people worldwide having access to the internet, there'll be still be a huge unexplored market of potential customers left for you, even if the JV partner is actively promoting his product.
Another good choice is to work with a company that keeps coming up with new services that you can make money with. You can profit from repeat business after the first sale.
Before you contact the website owner, do your homework.
Research if there's a growing market of customers you can access to. It's always easier to sell when you have a 'hungry crowd'. For example, check out if there is a targeted ezine.
Find out how you can drive targeted traffic to your JV partner's website. How you can increase your sales with less promotional cost. For example, if you can reach 50,000 subscribers in a targeted ezine for $80, and you're selling a $50 product and your profit share is $30 from each sale, you need only 3 sales to cover your advertising cost.
And, don't forget, your JV partner will usually capture visitors' email addresses for follow up. Some of them will buy the product later and you'd still get paid $30 for each order without doing more work yourself.
When you negotiate, go for a profit share as high as possible. Remember, you're not a regular affiliate - you're a JV partner. You're promoting heavily for your partner to get him visitors, subscribers and buyers.
And, the larger your profit share, the less sales you need to be making profits. Using the previous example, if your profit share is $40, you'll need only 2 sales to cover your cost! The rest is pure profit.
As you can see, it doesn't take a rocket scientist to cash in on joint ventures :-)
You don't need thousands of visitors to make a profit. In one of my joint venture projects, I drive less than 500 visitors a month to my partner's site and it's profitable every month. And I'm spending only a few hours a month working on it!
One of the reasons is, I can get paid up to over $1,000 dollars on each sale.
Besides a higher profit share, you can ask your JV partner to set up something extra special for your visitors. Maybe an exclusive free bonus or a discount.
Armed with the knowledge you've discovered here, now you'd have a greater chance of earning $500, $1,000 or more every month in the next 60 or even 30 days.
Go get them, tiger!
There are many ways and opportunities to profit from joint ventures. Just keep your mind and eyes open. Learn and practice a bit about successful marketing everyday - one day you'll be the one writing an article like this, sharing your secrets.
I wish you all the best.
--------------------------------------------------------------------------------
About About the Author
Alexander Teo, "Mr. JV", is the JV Specialist who specializes in engineering simple joint ventures that make money for website owners, ezine publishers and super affiliates. Feel free to email Alexander at mrjv222@dotrich.com. http://www.JVinsider.comFree PHENOMENON Newsletter for advertisers/marketers:
mailto:Phenomenon@OneMinuteMarketing.com
hotnetprofits.com - All rights reserved - © 2003