The Power of Partners
You can make a living online with your own product. If you create a rock-solid product and do all of the right things in terms of promotion, you will generate sales. If you’ve created the right product in the right market space, you’ll enjoy some decent sales numbers.
However, you won’t really make the big money if you’re out there alone. The most successful internet marketers realize that it’s easier to achieve success if you’re traveling with joint venture partners. There’s strength in numbers.
How many more sales could you make if you had a team of big-time marketers aggressively promoting your product? Think about the kind of sales you could experience if one of those highly-trusted individuals made a concerted effort to sell your product to his or her receptive audience. Consider the possibilities if several top marketers were on board.
Beyond Affiliate Programs
You must have an affiliate program if you have your own product. If you can get other people working to promote your product, it will multiply your sales. A run-of-the-mill affiliate program isn’t enough, though. You want more than a handful of marketers pitching your product as a part of their overall business plan. You want to build relationships with movers and shakers who can send your product to the top of the best-seller list.
Welcome to the world of joint ventures. When you have established marketers promoting your product in a meaningful way, you can really get the most from your product. If you’re serious about getting the most out of your product and your IM business, you need to be serious about joint ventures.
Unfortunately, making those connections and setting up those joint ventures isn’t always easy. If you’re a relative unknown, it can be hard to get the attention of the major players. People approach the large list holders every single day with invitations to promote products. You need to have an interesting, attention-grabbing, smart JV offer to make something happen.
Too many marketers think of a joint venture partnership as nothing more than a slight variation on the standard affiliate program. That just won’t work. If you’re not thinking on a bigger scale with a very specific plan, you’re not likely to score meaningful joint ventures. You need to approach joint venture relationship building the proper way.
Keys to JV Success
Building joint ventures the smart way requires a few things. First, you must understand the different ways to structure a JV Second, you need to know how to assemble a JV proposal that offers benefits to both parties. Third, you must learn how to connect with the kind of people you really need as joint venture partners. Fourth, you need to know the fine details of building a JV proposal that will really take off. Finally, you need to master the process of organizing and implementing your plan.
If you fall short on any front, you’re unlikely to experience optimal JV success.
Basically, you need a real education in joint ventures if you want to enjoy the strength in numbers they produce.
You could take a do-it-yourself approach to learning about JVs. If you do self-teach, brace yourself for a few disappointments and failures before you get things figured out. It only takes a small mistake to derail a seemingly solid joint venture plan.
That’s why you should seriously consider learning the details of JV construction and implementation from someone with extensive experience. If there’s one part of internet marketing that screams for a quality, paid education, this is it. You should make a point of finding proven JV recommendations and information. Once you’ve learned the ins and outs of JVs and have a joint venture template at your disposal, you can start experiencing serious profits from your products.