A JV or joint venture is where several marketers or business owners get together to sell one of the site owner’s products. This is usually a promotion where there is a coordinated launch. The site owner has the potential to make a lot of money quickly.
The advantage of this type of promotion is obvious: it allows a business to quickly obtain some fast cash flow and build a customer list. The disadvantage is that the business may pay out a lot of money, as well a large portion of the commissions on the promotion.
However, creating these types of promotions is one way to get the most out of joint ventures. Although this works in internet marketing, it will also work in just about any type of business.
So, if you’re looking for a way to add an additional stream of income to your business, then this is definitely the way to do it. (You may have to start off doing this for nothing in the beginning, but after you’ve done several promotions, you’ll have a track record you can use to demonstrate you can create successful joint venture deals.
Like I said, this type of promotion works for any business, so even if you’re not an internet marketer, you can put one of these promotions together. Here’s how you do it.
First, you need to find a product to promote. If you’ve been around for a while, this may not be that hard. Focus on products that have a high dollar value as well as a high percentage of commissions as you will need this to attract other JV partners. Memberships work well here, as well as high ticket items.
Next, after you’ve found a product, then you’ll want to find joint venture partners. Depending on your topic, you may already have other site owners you know that you can contact to create these types of promotions. If you don’t know anyone, then you’ll need to do some research.
The way to do this is simple. Go to your favorite search engine and do a search for your topic. Avoid using one to two word keyword phrases. You want to drill down as deeply as possible. Start with the first five to 10 sites and check for the following: traffic to the site (use Alexa), a list (this means the site owner has an audience), and content that is relevant to your offer.
Contact the site owner. You’ll need to create an offer that shows him/her how the offer will benefit his/her business. Continue until you have enough partners to create a successful campaign. After you have done this for awhile, and you have several campaigns under your belt, then offer this as a service. You will not only earn lucrative commissions, but a hefty fee for coordinating this type of event.
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