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Joint Venture 101 - The Quickest Way To Build Your eBusiness - PART 1
This article reveal the same techniques that many Internet marketing experts uses every day to make millions of dollars in profits - no kidding! In my own opinion it is the most profitable and powerful concept ever used on the Internet field. So, stay close and read it carefully.
Joint Venturing represent the easiest way to start a new business 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 short amount of time, it can mean bringing your product/service to market without spending a cent of your own money, it can mean free media attention, etcetera. All these translate into more sales, more free time and more of everything good!
In a few words, Joint Venturing (JV) means that two or more business people/company partnering up to create a win-win situation for all the parties involved.
No doubts, Joint Venturing can be very tricky. But... if you follow these simple rules, you can be on your way to building your empire out of thin air.
As a Netpreneur, you are in one of these four positions if you want to do a Joint Venture:
1) Have your own product('s) : Joint Venturing with list owners.
In this case, be very carefully because most of the list owners want to do businesses only IF your product is new and have a proven value for their subscribers. The greatest advantage of these lists: have educated people and were created for different categories.
There are thousands of list owners out there. You can use many of these lists to leverage their customer assets and split the profits with the owner.
Tip : never try to do a Joint Venturing with list owners that not match with your product/service! It's just a waist of time...
2) Have your own customer list('s) : Joint Venturing with other product/service development owners.
Basically, this type of Joint Venturing has two big advantages:
- 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 best suits your customers needs. Let me advice you to use a software program, because doing this research manually can take 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 can start to generate a steady cash flow. Your job here is to discover the right product for the right list of customers. This way you will charge a percent from both sides for years to come. Also if you where very professional with them, they will 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 method because it requires a lot of your time for research, but finally 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 that have very poor advertising. Identify one product or service, look at their web site, sales letter, order forms, web design and many other things you can improve.
Identify everything is wrong, think how you can improve that, what costs you, how much the profit will skyrocket and than, get the Joint Venturing agreement with the product owner (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 I told you. Yes, it is that simple! Never forget that simple ideas can generate better solutions for your problems.
Joint Venturing creates tremendous benefits (profits!) for both parties, without any initial investments, because they rely upon two basic marketing rules:
---> Rule #1: People are eager to buy from someone who trust and know!
Please read this carefully and more than once. Do it again and again until you'll understand that a Joint Venturing it'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 the relationships you have built with your customers. Needless to say, all Internet marketing gurus pay their attention and much more to this relationship. They built their online empires because they understand the value of developing and maintaining their own list of satisfied customers.
---> Rule #2: The money is in the LIST! The money is in the backend sale. Don't you ever forget this!
This alone concept is worth 'pure gold'. No matter what kind of ebusiness you run, definetely an educated list of customers represent your best asset. Without a list you cannot survive in these days. Why?
Because it is much more easy to sell again and again to your customers rather than using a 'cold' list. Not to mention the expenses you needed if you want to acquire new customers.
The key to succeed is to constantly enlarge your list of prospects/ customers and to offer them the right product, at the right time, with the right price. Work the BACKEND sales and then repeat the process!
So, what's the next? I would say that you have to read again this article, think of your ebusiness potential, and then jump on the Joint Venture 101 - The Quickest Way To Build Your eBusiness, Part 2: http://www.internetmarketingprofitscenter.com/advertising/articles/venture-2.html
Find inside a 3-step blueprint to develop a solid joint venture, a new and free source of internet marketing products and/or services, and a pretty good example on how you can triple your profits from one single move!
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About The Author
(c) Internet Marketing Profits Center - All Rights Reserved http://www.internetmarketingprofitscenter.com
Valeriu S Popescu is the owner of the Internet Marketing Profits Center, a specialized e-company that helps real Netpreneurs starting a new business online. Find inside the latest cutting-edge strategies about affiliate programs, email marketing, search engine optimization, and more. Visit today: http://www.internetmarketingprofitscenter.com/
How to Become a Super-Affiliate
Did you begin your affiliate marketing business like this? You surf the internet looking for an internet marketing product you can affiliate with and sell (even though you know nothing about internet marketing), sign up for the program and get your link, and then visit traffic exchanges and safelists, advertising your affiliate site. At the end of the day, week, or month, you wonder why you didn't sell one product.
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I can't believe it! I open up my mail today, and what do I receive? A statement from one of my affiliates saying that I've earned a pretty good amount of money for the last quarter. Wow! How'd that happen? Since my web site is only a couple of months old, I couldn't believe that I'd already earned that much from this affiliate. Now why am I surprised? Don't I tell all of my visitors and readers to find out on a consistent basis how they are doing? Of course I do. But guess what? I got caught up in something that I bet each and every one of you gets caught up in!
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Two Christmases ago I tugged on one of those paper crackersand after a small bang, out popped a piece of yellow paperthe size of a credit card.
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10 Ways To Increase Your Affiliate Commissions
1. Participate in chat rooms related to the product you're reselling. Start a conversation with a person without trying to sell to them. Later on, while you are chatting, mention the product you're reselling.
Why Many Affiliates Fail
The title is ugly, but the statistics don't lie. Only 1% of people that attempt to make worthwhile money from affiliate programs actually succeed. Let's examine some of the big reasons many affiliates fail.
Affiliate Marketing Step... Set Yourself Apart from the Rest.
I'm sure you've heard the expression, "This is where you separate the men from the boys."
You Deserve a Check Today
Perhaps the fastest and easiest way to prosper online is to market products and services as an affiliate.
Affiliate Programs... Whos Really Making The Money?
There will be a million and one affiliates out there who will tell you that the affiliate program they promote is going to be the best one for you.
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How to Become a Better Affiliate
First of all you need to understand that an Affiliate Program takes time to make it work. No one achieved "financial freedom" overnight. All those websites claiming to make you reach in just a couple of days (I have seen even shorter periods of time) are not telling you the truth. But that does not mean you can not make money from that program. You need to realize it can be done over time and a great deal of persistence.
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The BIG QUESTION on everyone's mind is...
Choosing the Right Affiliate Program
Requesting information on an affiliate program is an open invitation to receive never ending submissions to your email account. It can be overwhelming to look at. You may feel as if you have been invaded. It can frighten a person into hitting the delete button very quickly. HOW DO YOU SORT THROUGH AND MAKE SENSE OF IT ALL? How do you know which programs really work? Following is a list of things to think about prior to choosing an affiliate program.
Article Marketing 101 For Affiliate Program Managers
This article is for Affiliate Program Managers: Interested in increasing the amount of revenue that each of your affiliates creates for your business? Read on to learn about how to use your existing articles to grow your affiliate program strength.
Is There an Affiliate Free Lunch Program?
"Everything worthwhile has a cost... Whenever you think you are getting something for nothing, look again-someone, somewhere, somehow is paying for it. Behind every free lunch there is a hidden cost to be accounted for." Edwin G. Dolan
You Have to Spend Money to Earn Money
It surprises me that many people fail to grasp this concept as they first set out to start their own businesses. Thanks to the power of the Internet, anyone who has a computer and an Internet connection can now START their own online businesses with little investment. However, generally speaking, it is a given that you have to invest money into your business to if you seriously want it to grow.
Get the Big Dogs to Affiliate with You
Have you ever tried to launch an affiliate program? If you have, then you know that one of the challenges you face is to get people to be your affiliate marketers. After all, if you are new on the block, people who have never heard of you may be reluctant to encourage their list or web traffic to come to your website.
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