Potential with Joint Venture
Often times people have to be shown what is already obvious to others. They have to have all the facts and pretty little pictures drawn up in a nice presentation for them to see what is right in front of their eyes. Joint ventures are so lucrative to all the parties involved that it is of some wonder why more people do not initiate them.
The obvious financial gain of being able to meet ten and twenty times the amount of people as you would alone should not have to be spelled out for all affiliate marketers, but it is. Just as pyramid schemes could work if everyone actually took an honest position in them, such is the realization of joint ventures. You could be the top of the pyramid. Get three or four partners to enter into a joint venture with you and you receive the fruits of their labor. If they decide to enter into another joint venture with other marketers to increase their profits, you still profit off that tier of the ladder.
Not only do you profit in pyramid scenarios, but anytime you are increasing sales, traffic, and a client base, you are opening up more potential for new business ventures and therefore more revenue. If you have more to offer a fellow webmaster, he may be willing to pay for something that you only gained off the efforts of your joint venture partners. That kind of leverage can be very lucrative.
Other benefits of a joint venture include the ability to free up more of your valuable time. As time equals money, the more you have, the more money you are putting in your pockets. You could be working on your next big idea while your joint venture partners are off making you money on your current idea. Not only are they making you money for the now, they are making you money to fund your future projects which you will then take into other joint venture partnerships increasing your profits yet again! The cycle is endless.
Short of doing all the work (which ironically is what many joint ventures lead to), the means and information on joint ventures is readily available to any affiliate marketer. If you cannot make a decision to enter into a joint venture agreement based on what is right under your nose, then you must not be ready for the big potential that they create.
Joint ventures are seen as the right way to make money online. Once a project is complete, one of the first thing a marketer should be looking for is a joint venture with some affiliate marketers. This will quickly eliminate the idea that your project may fail. If you have more than one person working on it, it simply cannot.