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Joint Venture 101 - The Quickest Way To Build Your eBusiness (PART 1)
This article reveal the same techniques that many Internetmarketing experts uses every day to make millions of dollarsin profits - no kidding! In my own opinion it is the mostprofitable and powerful concept ever used on the Internetfield. So, stay close and read it carefully.
Joint Venturing represent the easiest way to start a newbusiness and make more money online and it is the only 100%risk-free marketing technique. You have nothing to loose.
A good joint venture it can mean a fortunes in a shortamount of time, it can mean bringing your product/service tomarket without spending a cent of your own money, it canmean free media attention, etcetera. All these translateinto more sales, more free time and more of everything good!
In a few words, Joint Venturing (JV) means that two or morebusiness people/company partnering up to create a win-winsituation for all the parties involved.
No doubts, Joint Venturing can be very tricky. But... if youfollow these simple rules, you can be on your way tobuilding your empire out of thin air.
As a Netpreneur, you are in one of these four positions ifyou want to do a Joint Venture:
1) Have your own product('s) : Joint Venturing with listowners.
In this case, be very carefully because most of the listowners want to do businesses only IF your product is new andhave a proven value for their subscribers. The greatestadvantage of these lists: have educated people and werecreated for different categories.
There are thousands of list owners out there. You can usemany of these lists to leverage their customer assets andsplit the profits with the owner.
Tip : never try to do a Joint Venturing with list ownersthat not match with your product/service! It's just a waistof time...
2) Have your own customer list('s) : Joint Venturing withother product/service development owners.
Basically, this type of Joint Venturing has two bigadvantages:
- you can make more money than your Joint Venturing partner(of course, in the 'long run')- you don't have to develop your own product/service
All you need is to find those products/services which bestsuits your customers needs. Let me advice you to use asoftware program, because doing this research manually cantake a lot of your time.
3) No product or a customer list: becomes a "Dealer Maker".
Yeap, this is true! Without any money on your pocket you canstart to generate a steady cash flow. Your job here is todiscover the right product for the right list of customers.This way you will charge a percent from both sides for yearsto come. Also if you where very professional with them, theywill do business with you again and again!
4) Have the knowledge to make money online: become the"Providence Man".
Perhaps one of the most neglected Joint Venturing methodbecause it requires a lot of your time for research, butfinally you'll end-up charging 50% of all direct sales,which by the way, it is a fair amount for your work.
Connect to the Internet and search for great products thathave very poor advertising. Identify one product or service,look at their web site, sales letter, order forms, webdesign and many other things you can improve.
Identify everything is wrong, think how you can improvethat, what costs you, how much the profit will skyrocket andthan, get the Joint Venturing agreement with the productowner (and the 50% for your work!).
The problem with Joint Venturing is to work SMART not HARD!
At this point, you probably wonder if it's so simple as Itold you. Yes, it is that simple! Never forget that simpleideas can generate better solutions for your problems.
Joint Venturing creates tremendous benefits (profits!) forboth parties, without any initial investments, because theyrely upon two basic marketing rules:
---> Rule #1: People are eager to buy from someone who trustand know!
Please read this carefully and more than once. Do it againand again until you'll understand that a Joint Venturingit's not possible without this rule.
People are eager to buy from someone who trust and know!
The most valuable assets you have in your business are therelationships you have built with your customers. Needlessto say, all Internet marketing gurus pay their attention andmuch more to this relationship. They built their onlineempires because they understand the value of developing andmaintaining their own list of satisfied customers.
---> Rule #2: The money is in the LIST! The money is in thebackend sale. Don't you ever forget this!
This alone concept is worth 'pure gold'. No matter what kindof ebusiness you run, definetely an educated list ofcustomers represent your best asset. Without a list youcannot survive in these days. Why?
Because it is much more easy to sell again and again to yourcustomers rather than using a 'cold' list. Not to mentionthe expenses you needed if you want to acquire newcustomers.
The key to succeed is to constantly enlarge your list ofprospects/ customers and to offer them the right product, atthe right time, with the right price. Work the BACKEND salesand then repeat the process!
So, what's the next? I would say that you have to read againthis article, think of your ebusiness potential, and thenjump on the Joint Venture 101 - The Quickest Way To BuildYour eBusiness, Part 2:
Find inside a 3-step blueprint to develop a solid jointventure, a new and free source of internet marketingproducts and/or services, and a pretty good example on howyou can triple your profits from one single move!
Attention Ezine Publishers/ Site Owners
Feel free to reprint this article is its entirety in yournewsletter/ ezine or website as long as you leave all linksin place, do not alterate the content and include ourresource box as listed above. If you do use the materialplease send us a note so we can take a look. Thanks!
Valeriu S Popescu is the owner of the Internet MarketingProfits Center, a specialized e-company that helps realNetpreneurs starting a new business online. Find inside thelatest cutting-edge strategies about affiliate programs,email marketing, search engine optimization, and more.Visit today: http://www.internetmarketingprofitscenter.com
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