Joint Venture Bum
A great untapped method to online success is a joint venture. Too many people create a product, service, or script that they want to market and become consumed by greed. They do not want to share their potential profits so they attempt to list, market, and generate sales for their idea. They may get sales and make some profit, but what they miss is the greater earning potential that a joint venture brings.
A classic post among webmaster or moneymaking forums is how one can generate an income with little to no work. Everyone wants the bum method to internet riches. What they do not consider is that setting up a joint venture could be their ‘free’ ride. With the initial setup labor and costs, one could sit back and relax while their partner(s) do all the work generating sales. A joint venture cuts out the middleman of affiliate marketing and allows you to pay the marketer directly. What this does is give the marketer a higher incentive than he would normally get with a regular affiliate account so not only do you prosper, but so does your partner. If your partner knows that he can make more money with each sale, he has motivation to sell more. More sales means more money in your pocket. Mathematically, if you do five sales by yourself at $100 per sale, you make $500. Now, if you enter a joint venture with someone whom you agree to pay say 40% of the sales to, you will earn $60 per sale. The difference however is that now you do not have to do a single thing. You just sit while your partner does the work. Additionally, if you can enter in a joint venture with a good number of marketers, you could be making more than a lousey five sales. Just having a team of five marketers selling your product alone will make you more profit than a solo job. If they make at least two sales, you have already made more doing nothing than you would had making five sales on your own. Such is the life of a joint venture bum.
Finding partners to team up in a joint venture is not hard if you know where to look. There are plenty of highly populated webmaster forums where you can offer even your services in exchange for theirs. Make their job even easier and they will surely be more productive for you. If you gather all the tools they will need to market your product such that all they have to do is generate leads, they will be more motivated to join your venture and produce sales. This is where having a good web designer on the joint venture would prove helpful. If you come up with the idea, he can create the sales page, and your marketer can make the sales. You make profit for still doing nothing, the web designer gets more work, and the marketer is getting a higher cut at leass work had he attempted his affiliate program solo too. Joint ventures do more than benefit the creators; everyone prospers if they are constructed properly.
Teamwork always allows for an easier job with quicker results. If you want to make more money with less effort, a joint venture can help you on your way. Choose the right team players, and you could be well on your way to becoming a joint venture bum.