Introduction to Joint Venture Marketing
One of the best ways to reach more people in your target products on
the Internet without having to do really do anything, other than
having a good product, is by creating joint venture partnerships with
other businesses.
Joint ventures are the ultimate form of no-risk advertising because
your partners do all of the marketing for you in exchange for a share
of the profits. You only have to pay when a sale is made.
Joint ventures operate just like your normal affiliate program except
that in a normal affiliate program only about 10% -15% of your
affiliates will actually do any selling.
These 10% -15 %of your
affiliates will account for 85% - 90% of your sales. The other 80% of
your affiliates will have sales that trickle in from time to time and
some will never make any sales at all.
So, logically, in order to operate a more successful affiliate marketing
campaign you need "super affiliates." When we use the term "super
affiliates" we are talking about joint venture partners who have the
marketing know-how and resources to sell a large volume of your
product or service on a consistent basis.
These super affiliate joint
venture partners can be defined by three different characteristics:
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• Someone who has a large enough opt in list to sell large
volume of your product/service in a short amount of time, such
as an e-zine owner.
• Someone who has a website with heavy monthly traffic that
targets the market you desire.
• Someone in the market place whom consumers trust when it
comes to making buying decisions.
The key to more profits and success is to continuously find and
recruit these highly productive "super affiliates" to sell your products
for you.
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Before You Begin
Before you even attempt to go out and put together a joint venture
deal you must have an idea of who your perfect partners are. You
need to find out who else is selling lots of products similar to yours.
You must think like the customers that you want to reach.
• Where do your perfect customers go online?
• Who is your competition?
• Who publishes content to your target market?
Questions like these will often lead you to potential joint venture
partners, especially when you consider partnering with your
competition.
Most business owners believe that competition is a bad
thing, and for most businesses it is, unless you find a way to turn
your competitors into your partners. Although it seems unlikely, joint
venture partnerships thrive because of competition.
By using the methods outlined in this ebook you will learn how to
make almost any competing business a new profit center for you.
And
although everyone you contact will not be willing to joint venture with
you, many of them will. Many of them will review your joint venture
proposal and jump at the opportunity to partner with you when you
apply what you are about to learn.
So let’s get to it…