Create a Joint Venture for Your Benefit
If you are in online marketing, you are undoubtedly looking to make some commissions on product sales or promote your own service/product for full profits. So is every other millionth webmaster. What is to set you apart? One among many can often be daunting. It can cause many to stop before they even start. Joint ventures not only give you a support system to get through the rocky start, but also the foot in the door that you need to succeed.
A joint venture is much like a partnership where both parties play to the other’s strengths in order to reach an agreed upon goal. Whether it be to get your product to the masses, generate traffic, provide a service, or just merely promote a hype, the more experienced help you have on your side, the better. Some things to consider when starting a joint venture are the benefits that your partner or partners will bring to the table, the feasibility, and the credibility that another partner brings.
Many do not fully consider the joint venture option because they would rather much make money on their own. After all, if they do it themselves, they gain the sole profits, right? But what they forget is that quantity is key. Sure, you want a marketable and quality product, but if you are not selling in mass quantities, you are not making enough profit to make it worthwhile to continue. This is where joint ventures play a big role. If you get a small group of skilled marketers together and pay a higher commission than the affiliate markets, you can dominate in your niche in no time. Domination would equal more sales which would equal more money in your pocket in the long run. And to make the deal even sweeter, you do less work. How does that sound for genuis ideas?
You may be asking yourself why anyone would want to enter into a joint venture unless they are the ones that have a product or service to market. After all, why would I want to do someone else’s grunt work? Yet if you take a look at the commissions that affiliate sites like Revenue Universe or Commission Junction and compare them to the commissions that a potential partner would offer you, you will undoubtedly find that you will make more through a joint venture project. Think about it: company A pays affiliate site B a certain amount of money. Affiliate site B pays you a percentage of that. If you cut out affiliate site B, you are making more than just a percentage; you are making the full dollar!
Online marketing is a lucrative career of which many can make a living doing. Joint ventures allow you to set up a profit making campaign that will give you residual income for months and even years to come. The key to a successful joint venture project, of course is finding the right players.