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How To Use Joint Venture Marketing And Explode Your Profits
By Alan Cheng
Unless the person is a newbie, I'm sure they would have
heard of the concept of Joint Ventures and how it will
benefit their business immensely. However as with
most materials or suggestions which people read, the
majority will only read. No action will be taken.
I've listed out below the advantages of Joint Venture
Marketing. Forget whatever you have in mind of doing
and just read through these advantages. At the same
time think to yourself how you can implement these in
your online business.
Takes notes of the things you think you'll do and at the
end, plan it out and take action. The gold is there waiting
for you to take it.
A joint venture is working together with another party so
that both sides can benefit from the combined effort.
Normally the project is for a set period of time or even
long term in some circumstances.
For example, you can offer a well-known business an
opportunity to promote your product. For every copy of
your product they sell, they can receive let's say 70% of
the commission. That's a lot more than you.
However, you benefit by having more customer leads,
plus you still get 25% of the sales which you would have
never have gotten. With these new customer leads, you
can market other products to them and profit in the
future. This is why Joint Ventures are a WIN-WIN
situation.
10 Advantages of Joint Ventures
1. You get to be more well known among your market
and also have relationships with well known businesses
which in effect will help you immensely in the future.
2. There is no cost associated with Joint Ventures. Just
an email to the business you want to joint venture with
and some phone calls to follow up with.
3. You can gain new customers and leads which are
interested in your products but have not bought from
you. With this database you can market to them
continuously in the future and profit. It is always said that
the gold is in the list.
4. With a joint venture, you will make be able to
compete against the top businesses which you would
have otherwise thought was impossible.
5. You will save a lot of time. To get the leads you have
by doing it on your own will take a lot more time and
money marketing.
6. You will get free and low cost advertising. Save
money on the Pay Per Click campaigns and solo ads
you need to send out. You have shared the costs with
your joint venture partner.
7. Your business will be able to expand and grow out
your own expectations.
8. You can increase the opt-in list for your ezine (if you
have one) and save money on the email leads you buy
which are low in quality compared with the joint venture
leads you have.
9. You can test the marketability of your product at no
cost. Your joint venture partner's success will tell you if
your product is good or simply trash.
10. You can easily get the well known joint venture
partner to give you a testimonial for your business. This
will increase the sales conversion for your product as
testimonials increase trust between the prospect and
your business.
So after going throught the list and realising all the
benefits a joint venture can give you, what are you
waiting for? Hasn't that list of benefits defused the fear in
you of asking for joint ventures with other businesses or
marketers?
With your list of actions and ideas that you have gotten
when you read through the list, go and take action now.
When you've done one joint venture you will do lots
more.
To start you off on joint ventures, you can visit
http://www.onlinemoneymachine.com/jvsecrets where
you will get an MP3 recording of 2 well known
marketers and how they do joint ventures to increase
their business sales.
Don't worry. The recording doesn't cost anything. Learn
from the experts and do what they do and you'll achieve
the same results they get.
About the Author
Alan Cheng, is the owner of Online Money Machine, where you can take the first step to start having joint ventures. Sign up for Alan's confidential report: 10 Critical Factors To Making Money Online at this online business website.
Article Source: http://www.simplysearch4it.com/article/14930.html
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| Some other articles by Alan Cheng | |
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