Joint Ventures - One of the fastest and most profitable ways to skyrocket your online sales !

By:Monique Briand

Joint ventures utilize the powerful marketing concept known as "leverage". This form of marketing utilizes the existing strong bonded relationships and goodwill that other companies have already established with people who are your potential customers.

The main draw of joint ventures is that it truly is a win-win business proposition. It allows you and your joint venture partner the opportunity to leverage each other's assets and resources for the benefit of all parties - you win, your joint venture partners win, and your customers and subscribers win.

It has extremely low cost and low risk, and is one of the fastest ways of bringing your product to market by using other people's resources.

It is a great way to acquire new subscribers and customers with practically no costs. It allows you to leverage your joint venture partner's traffic, existing subscribers and customers. You don't have to incur expenses in acquiring new traffic and you can be pretty certain that the traffic you get from your joint venture partner is targeted, therefore, likely to be profitable.

Cutting joint venture deals doesn't necessarily need to be confined to only non-competitors. You can cut deals with your competitors too, and you should!

Find out who is selling to your target market, what products and/or services they are selling, and who your target market trusts and has a good relationship with. You will then want to contact them to propose a joint venture deal by offering them complementary products and/or services. If you are a reputable company that offers high quality products/services, it should be really easy for you to find other companies to partner with.

To form a successful joint venture, it is necessary to first be absolutely clear about one's own goals; second, be clear about the attributes one is seeking in a partner; and third, when negotiating with potential partners, be open and prepared to give as well as take.

If you plan on hosting products through joint venture endorsement marketing, you must build a strong relationship with your audience. Or, if you are the beneficiary, you must team up with hosts who have a good relationship with their audience.

The stronger the relationship that the endorser has with his audience, the greater will be the response. For an endorsement to work most profitably, it must blend in with the endorser's prior communications with the audience.

Trading links is a joint venture because two websites are hosting the other's website link, helping to drive traffic to the sites as well as increase search engine rankings. This particular joint venture technique is being used frequently on the web today because of the sheer importance of links and their bearing on search engine results. If you are having problems getting business then you might consider linking your products and services with another website that has a similar target market and complementary products. This way you can share the expense of the website, hosting account, and administrative costs, and split the difference on products. It's a good way to cut down on overhead and increase your inventory at the same time.

You can also enter into a list building joint venture with ezine publishers where all partners promote each other's ezine at the subscription thank you page. After someone has subscribed to your ezine, you'll redirect them to the subscription thank you page where you display your joint venture partners' ezines. In this way, all of you can build your list much faster as all the partners are leveraging on each other's resources. You can increase the size of your opt-in and ultimately your customer list very quickly. It's not uncommon to add hundreds of new subscribers to your list within minutes of launching your joint venture.

You can also team up with another website or business in their autoresponder advertising campaign. Both websites can host these ads for the other website and as a result, have more coverage and business.

Joint venture with another website to write an e-book that outlines different services and provides good information for visitors. Ensure that reading the e-book is actually worthwhile and informative. Then, include advertisements for both businesses in the e-book and allow the e-book to be downloaded for free from both websites. This is great advertising and by giving something away for free you will make your visitors feel more positive about your company.

You might have specialised knowledge with high demand but you lack product creation skills. You can easily approach someone who's good at creating products, such as, e-books, tapes and videos, to strike a joint venture deal. You can provide the specialised knowledge whilst your joint venture partner can be responsible for creating the products.

You may have a discussion forum. You invite several publishers to participate at your discussion forum. One of those publishers participates and then announces your discussion forum to his audience. When he does this, he gets his audience to go to your discussion board. Not only do the audience members gain helpful information at the discussion board, but they see the helpful posts of that publisher whereby their loyalty to that publisher is increased.

Testimonials have been proven to make visitors feel more comfortable and confident with a product or company. You can create a joint venture to help another website with their testimonials and have them do the same thing for you.

Free information/resource endorsements are the easiest to get on the internet. By creating an online infrastructure that supplies helpful information, publishers, who are obligated to supply helpful information to their audience, will feature some aspect of your infrastructure. This aspect is usually something that supplies helpful information, like a discussion board, ezine, helpful website, article, or what have you.

When writing product endorsement letters or scripts, you must focus on how you can make the endorsement appear as editorial rather than sales copy. This is harder to do in a product endorsement than a free resource endorsement. That's why you need to make a special offer to the endorser's audience.

The secret to executing successful joint venture endorsements is to have the endorser convey to his audience that he is genuinely trying to help them reach the end result they desire, through his endorsement... he's not trying to sell them something... he's trying to help them.

You should come up with reason to explain to the audience why they are receiving the endorsement. You can use reasons like these:

"My friend just released a new product... and after trying it out, I immediately contacted him to see if he could make a special offer to you, my customer. And here's what he said..." "After reading this information and trying the product, I couldn't help but passing this on to you..."

"One of my long-time mentors contacted me the other day... After talking with him for a while, I convinced him to..."

"I was looking for a Valentine's Day gift for my customers, and here's what I found..."

"I can't help sharing this with you... This is brand-new, and I wanted to let you know before every body else finds out..."

"My friend told me about this... I couldn't believe it at first, but when I tried it out - it worked! Now, let me tell you about it..."

If done correctly, joint ventures can literally explode your online sales and profits in short order.

Wishing you every success,

Monique Briand

------------------------------------------------------------------------------------------------------------

This is just one of the many powerful concepts taught at

http://www.webprofitmentor.com

Visit us to obtain Free Videos, a Free eBook and other valuable information.

------------------------------------------------------------------------------------------------------------

Digg del.icio.us Blink Stumble Spurl Reddit Netscape Furl

Article Source: http://www.articles2k.com

Master Infopreneur, currently seeking joint ventures.

Top Internet Marketing Articles
1). The Fly & The Window Of Opportunity By : Rick Davies Copyright 2006 1stPromotion.com One afternoon after going through a small backlog of emails, I was daydreaming about how it shouldn't be tough for absolutely anyone out there to make that first online sale and then to go on and make more and more sales. I feel bad for people that have paid money for some of the programs out there that promise to "stuff their wallets effortlessly" only to find that there is no free lunch.
2). Sign Our Guestbook � How Signing Guestbook�s Or Creating Your Own Helps Your Website By : Anton Cheranev Guestbook�s are some of the most popular areas on websites. Before a consumer does business with you, they are likely to check out your guestbook. Guestbook�s are somewhat like testimonials in that they offer real feedback on your site, your business, and your products. They are honest and are created from those that have had some sort of experience with your business or those who simply visit your site.
3). Where To Find A MySpace Friend Adder By : PaulG MySpace friend adders have become a great tool in maximizing the MySpace experience. Since MySpace has become popular, so has the importance of having tons of MySpace friends. This can benefit the causal MySpace user, the MySpace Music artist, and even the web publishers and marketers that use MySpace as a stepping stone toward success. Now MySpace friend adders have gone even further by adding other MySpace abilities to their programming.
4). How To Monetize A 1,000+ Page Site In 5 min. Or Less Without Violating Google's Adsense Policy! By : D Dean Hall As webmasters, writers and authors we all want to find ways to maximize the profitability of our content. We employ a variety of methods such as Adsense, Yahoo Ads, links to affiliate products of all types but there are a couple of problems. There is the sheer time involved in creating these links and then keeping them updated to the most relevant and profitable products.
5). 'Social Bookmarking' As An Aggressive and Acceptable Blog Marketing Tactic By : gregw Social bookmarking websites are becoming more and more popular. They allow you to save bookmarks online and Tag/Categorize them with keywords instead of saving them as bookmarks in the favorite's list of yourbrowser. This is particularly useful when your browser based bookmarks have become unwieldy. It's also help since you can access your bookmarks from any computer where you have an internet connection.
6). The Four Big Adsense Secrets By : Iszuddin Ismail Is there a BIG secret to the huge Adsense checks? Yes, you�ve seen those screen shots of 5-figure Adsense earning � so have I. And that made you thinking, why are some people earning those huge income, and you are not. Whatever people may say, I only see these are the only factors that make the difference between your earning and those �big-guns�. 1 - Adsense Placement Yes, putting your Adsense in a special way can be the difference between 1% click-through rate (CTR) and 10% CTR.
7). The Downsides Of Reciprocal Linking To Increase Search Engine Rankings By : Brian Gilley Reciprocal linking is still a highly sought after method for many companies and webmasters hoping to increase their web site�s ranking in the search engines. Back in 2002, when reciprocal linking firmly took its place as a real way to boost your rankings, many webmasters and sites started using it to quickly and frantically get the upper edge on their competition and the search engines.
8). One of the Quickest and Easiest Way to Dramatically Increase Your Website�s Page Rank By : Tim Wright This is one of the easiest and fastest ways that you can increase the number of one way links to your website and dominate your competition.
9). Spy on the Competition, Stay on Top By : Jay Chirino Just when you thought you had this whole online business thing mastered, it turns out that now you must become a secret super spy, break into your competitor�s databases and steal important documented information that you can put to use for your own benefit. So get your rope and mask ready because we�re going in! Oh, and by the way, I�m just kitting.
10). Let's Start! Create A Business Plan By : Helen Chow Let's Start! Create A Business Plan

New Internet Marketing Articles
1). 5 Tips for Making Mounds of Money on the Internet By : Michael Gulbin Make sure you are doing everything you can to make money on the web.
2). Are You Costing Yourself Money With This Common Article Marketing Mistake? By : Chris Ellington The Article Marketer editorial team reveals the worst mistake an internet marketer can make when submitting royalty free articles.
3). Learn To Market From A Child By : Clint Pollard A marketing lesson I learned from my grand daughter.
4). How To Maximize Your Profits From Backend Sales By : Jason Oickle The truth is with backend sales, you can gain additional or continuous profit without having to do any extra work.
5). Web Site Promotion Guides For Newbies By : Obinna Heche If you are new to the internet world you are not alone. There are a lot of people who are not too familiar with the internet but want to join in on the profits that are available.
6). Network Marketing for Overall Growth By : Sanjay Johari Network marketing provides tremendous opportunity to learn and earn. Those willing to learn have unlimited potential to earn and grow.
7). What Should You Know Before You Start A Home Business By : Arun Pal Singh As 2006 dawns on earth I am quite thoughtful. Many persons started their business in 2005. Some succeeded and some left disappointed.
8). Internet Marketing: Give Me Good Content By : Virginia Bola Have you ever considered how much boring, poorly written, superficial, and totally uninteresting stuff there is in those billions of web pages floating in the ether?
9). Internet Marketing: Give Me Something New By : Virginia Bola Give me freshness, variety, and a taste of greatness. I am totally frustrated by the lack of vitality found in the majority of websites.
10). Why Everyone Needs a Mentor. By : Gary Muller Why do you need a mentor and what could they possibly offer to help you grow your business? Discover why even successful marketers utilize the skills and expertise of an internet marketing mentor.

� 2006 articles2k.com - Privacy Policy