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Joint Ventures and Affiliate Marketing

Typically a joint venture refers to a corporation entering into a pact with another corporation to work on a single project/product. But with e-commerce, joint ventures are taken to a whole other level. When thousands can be reached from the comfort of one’s own home, the possibilites that a joint venture create are endless. Affiliate marketers know all to well what a joint venture can do for their pocketbooks.

Affiliate marketing refers to someone promoting a product with the intention of gaining sales. The one doing the promoting is the affiliate and gains a percentage of the sales. Since affiliate marketing deals with more than just pushing a product in front of a potential customer, joint ventures are often quite necessary in affiliate marketing. The very relationship between an affiliate marketer and the product owner can be considered a joint venture as both are playing off each other’s strengths to gain a profit.

Since exposure is key to sales, it may be beneficial for an affiliate marketer to enter into an joint venture with someone who is skilled in driving traffic and/or leads. Alternatively, if the landing page does not pull the potential customer in, the traffic is basically meaningless. A joint venture does not have to be solely between two individuals or corporations; it can be a group or a team. In the affiliate marketing scene, this could mean the product developer, the markter, the traffic coordinater, the copywriter, and the graphics designer.

As the whole idea of a joint venture is to play on the strengths of the ones involved, it would only make sense to form a partnership with these types of individuals in the affiliate marketing game. The product designer/owner gets his product out there and purchased, the affiliate marketer makes his commission, and the others get their profits by providing the services they do best. Everyone contributes, does their part, and prospers.

Not only does creating a joint venture in affiliate marketing allow everyone to play on their strengths, it allows an affiliate marketer to promote numerous products. As the venture allows him to focus his time on what he does best, he does not lose money wasting his time on trying to drive traffic to a page that will not convert. A joint venture in the e-commerce world is generally a lot more profitable to everyone involved as opposed to the natural ones found in major coporations because online, time really does equal a lot of money.

No longer does a joint venture refer soley to a physical corporation combining its efforts with another physical corporation. E-commerce has brought the intangeable aspect of joint ventures into play. The same essential purpose and makeup still applies, but in the world of affiliate marketing, joint ventures become vital to success.

Making money online could not be easier than with joint venture marketing. Some principles have to be followed to be successful and extract maximum profits from it. Quite simply, having a partner or other marketer promote your product while you promote theirs is the whole basis of a joint venture. You promote their product to your market users and clients and in return your partner will do the same with your product to their users. Whatever profits are made in this joint venture effort are split accordingly.

As success comes in numbers, it is probably best to seek out a good four or five joint venture partners. Lookout for the people from the same industry who sell products like yours but make sure it is not the exact same as you may have to suffer a huge market loss in such a case.

While sending your proposal make sure that it covers all the essential points and highlights the benefits to ensure that a marketer will want to make such a partnership with you.

Make your statement clear telling them you have everything ready to go, that is your proposal is ready and you can provide them with all the marketing materials they will need to make it as easy as possible to become your joint venture partner. If you have arranged for a pre-written ad to be used for your banners, reviews, or emails, it’ll add an extra appeal to your proposal.

Pace the number of joint venture partners you send out in the field so as not to make your customers overwhelmed.

If you want to make money as a joint venture “broker”, that is setting up deals between two or more business and taking a cut of the profits for your efforts then there are some guidelines you need to keep in mind if you want to make money fast with as little competition and hassle as possible.

Firstly if you are trying your hand at joint venture broking, then you should resist the urge to do it with purely online business though most of the people follow the online market. The reason? Simple because you may have to face a “huge” market competition and being a new broker you wont be able to make a mark among those big fishes. And the more competition you have, the less are the chances of getting good deals. This doesn’t mean you wont find any but it will be harder to make your space.

So instead try something which will surely benefit you, like Setting up Joint ventures with businesses in your hometown first whether online or not. It’ll give you an extra edge and you’ll be confident about going on with your project.

Infact, you’ll notice that a large percentage of those in your yellow pages would have not heard about joint ventures and you’ll find pretty good proportion that would be interested in your ideas if the proposal is submitted with complete research.

Another reason for choosing a local business is the “security factor”. It’s harder for people to cheat you, if you know their complete background and area of working.

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.

Prosper with Joint Ventures

E-commerce has created a new career from which anyone can make a living for themselves. Affiliate marketing provides tantalizing commissions such that people are quitting their offline jobs to join the online craze. But jumping in without a plan or a team could prove to be detrimental. A joint venture would ensure prosperity to anyone wanting to start out in affiliate marking.

The idea of joint ventures is to find players that will make you money. You do not want anyone in on your venture that is not going to be able to be productive or beneficial to it. Since affiliate marketing is more than just showing someone a product and asking them to purchase it, the best way to prosper is with the partnership that is created with a joint venture contract.

In order to convert sales, an affiliate marketer must have a landing page that is appealing to their target audience. Many seasoned affiliate marketers still could not create a decent landing page so to expect a new one to be successful at it would be illogical. Why waste the time of trying to create one landing page for one product when you can get an experienced web designer to make ten for ten products in the same amount or even less time? You could create a joint venture with such a web designer with the intent of sharing the profits of the landing pages he creates or merely by paying him outright for his efforts. While you say that a joint venture should cut costs and not create costs, you need to figure in how much money you are saving and gaining by having a page built quicker thereby allowing the offer to go live sooner.

Still, a great product and a winning sales page would only be in vain if not for the traffic in leads needed to convert into sales. A page that loads too slow, is loud, or simply not appealing to the eye could lead to the customer going with the competition. Since the very idea of affiliate marketing is to get sales in order to get commissions, a joint venture with a decent web designer could also prove to be profitable for the parties involved.

E-commerce in and of itself is a vast field that not just one person can embody all the appropriate skills needed to be a successful affiliate marketer. The task can be daunting to any beginner. Joint ventures make it a little more manageable. They allow for everyone to capitalize on their expertise.

At the end of the day, the more help you have, the better chance at success you will have. Joint ventures are the epitome of team work at its best. Choosing the right team players for the venture will make it an easy success story.

When forming a joint venture with another business, the first and foremost step is the “approach” you use while contacting them. Participating in a joint venture with another prominent business can be extremely lucrative to your business, as it will decide the future of your business.

A wrong approach doesn’t only affects your business and your confidence but also affects your future dealings if its not corrected at the right time.

Addressing your proposal with “Dear Webmaster” or as simple as “Hi” is a good enough reason to lend your proposal in trash. Not describing your business details in project and not giving any information about yourself will not give any extra brownie points to you but it will surely break all your hopes of joint venture. Misspellings and unprofessional work is another big turn-off for these kinds of dealings.

A joint venture is not as simple as lets say a link exchange. Research and commitment from both parties is what makes it successful business strategy.

The actual process of sending the joint venture proposal can be made via snail mail, but as e-mail is quicker, it should be your first consideration. If they have provided their phone number in their contact information, let them know that after a few days. You would like to follow up with a personal phone call to go over the details. Stipulate a time frame that you would like to call and ask them to reply back if that time frame is suitable to them. This will show your eagerness to work and your credibility as a businessman.

Some of the things have to be kept in the mind while sending proposal by email. Firstly, you should be “Precise” and “clear” with your proposal. There should not be some hidden conditions, which you are cooking in your mind. Just be clear about your objectives. Make sure to personalize your email by using their name. It’ll sign towards your eagerness for a future relationship! Your email should reflect your professionalism and trust. Complement them on points you really liked about their company, don’t give fake complements as it not only gives you a bad reputation but also closes the scope of all future ventures with that company.

Include information about yourself, your website, your customer base and the services and products you offer. This is what they want to know! Also pointing out how you feel your customer base would have an interest in his/her products or services and vice-versa will be the “feature” of your mail. So do a good research while quoting what you feel.

Also give a detail description of how both of you can benefit financially and gain added exposure. While ending don’t ever forget to check that all spelling and grammar is correct.

If you are proposing a joint venture agreement where the other party will be the one actually endorsing, publicizing, or marketing your product, a larger percentage of each sale should go to the publisher. In this case, you have to keep in mind that they are doing all the work while endorsing your product to his/her established customer base.

This approach will definitely give you an upper hand! Once you have found the partner you need, it would probably be more beneficial to you to get a written and signed agreement from the other parties involved outlining the terms of the joint venture. It will not only give you security but will show your professional attitude towards the work.

Success with Joint Ventures

The net is constantly changing and news is occurring every minute. A good affiliate marketer knows the value of breaking news on his traffic and revenue. Once breaking news hits, it is only a matter of minutes albeit seconds before the natural search engine traffic is generated from inquiring minds. The quick ability to create a squeeze page, a marketing campaign, and choose the best products are key to capitalizing on the news frenzy. But do you have to be out of the rat race if you cannot do any one of these things efficiently?

Entering into a joint venture can be very much like having contract employees at your disposal. The difference in some cases would be that if you prosper, so do your partners thereby motivating them to do an even better job than a regular paid employee. Perhaps you have the idea and cannot implement it properly. Or you know which campaigns will convert well if only you had the proper squeeze pages. Gone are the days of putting those ideas on the back burner until you learn the methods yourself; joint ventures allow you to put your ideas into action right away. As you let more and more time pass between your idea and its implementation, you risk someone else thinking it up and putting it into action before you. Why would you set yourself up for failure like that? A joint venture is more marketable to potential partners because they know that everyone involved in the group wants to prosper and will work hard to see that they do. Unlike employees who work for their pay, members of a group venture work for their profit; the harder they work, the more they profit. What better motivator is there?

The key to success with joint ventures is the build and goals of the team. If you have a team member who is not a team player, you will find it harder to be as productive as if you had a member who is working for the better of the team. Knowing and outlining what you want from the group is key to maintaining focus and direction. As news is always changing, efficiency is key to any joint venture success story. Not only do you get things done faster, but you also have more help in testing other venues quicker. Instead of having to test everything one by one, you can split the tasks up. More time to focus on the next campaign or generating sales is more money in your pocket.

Success with joint ventures can rely heavily on the product or idea that is being marketed, but is usually dependent on the makeup of your team. Finding partners that will help you rather than hinder you is a simple enough of an idea. So while you may want to help your best friend make money online, you may want to find a dependable partner with skills that will actually help your endeavor to enter into a joint venture with.

Thinking about various business possibilities to expand your business, a thought comes to your mind. Why can’t I publicize my online business alongside my offline products and services? Yes in real it is possible with a bit of planning and proper knowledge about market center. You can increase your leads by marketing to an audience that is not always accessible online. Offline businesses that partner with you can even generate referrals for you.

Just as with online joint ventures, you will want to find a business that is within the niche you are promoting. For an instance if your business sells computer software, then joint venturing with a fashion industry would not make as much sense as partnering with a local IT company or software store. You have to do a good research before you venture on.

Some things have to be kept in mind when you venture your offline business with online set up.

First, write a “tip booklet” that conveys all the information about products and services of your business. As with the free giveaway strategy you use in online joint ventures, apply the same theory to offline partnerships; ask the offline companies to give away your booklet to anyone who makes a purchase. Not only will this lead to more hits to your sites, but you are guaranteed a lead that already buys items in your niche and therefor may buy from you for their future needs or wants.

Designing a “printed flyer” will give exposure to your products to major markets. So long as it has all the information anyone could need to get to your site easily and the benefits you offer, you are driving targeted traffic to your webpage. You can again enter into an offline joint venture with a local store in your niche to place the flyers in the customer’s hands as they leave or enter the store.

Finally, find a popular store that sells computers. Often times they have to have some sort of pages up on their screens to show the customers the visual clarity. Strike a deal with them to post your website on those screens. A joint venture such as this will surely hike up your traffic.

Once you have found a business offline that you would like to joint venture with, get in touch with them with your proposal efficiently citing the benefits and capital they will be earning through this. Do complement their business but do not over-do anything. If done with proper skills, you will further your chances of creating a profitable web campaign as well as a successful joint venture.

The Competition Wins with Joint Ventures

Joint ventures are the abstract idea of teaming up with another individual or group to undertake an economic transaction that is profitable for all parties involved. Whether it is for a short-term project, an assignment, or an ongoing venture, joint ventures are created by agreements to basically become equal partners in a joint entity. Created to help further an idea or project, joint ventures can give the competition the edge they need to dominate the marketplace.

There are many reasons that an individual or corporation would choose to enter into a joint venture. Besides the obvious financial aid that a partner adds, the old adage that two heads are better than one comes in to play nicely. Not only can more active participants increase productivity, but it can also strengthen, solidify, and improve the product or concept being promoted. Because where one party may lack in a certain department, the partner in the joint venture may excel. Being able to efficiently work on a product/concept/project allows for a greater head start on the competition. Being able to be the front runner in any market always has its advantages as customers like to go with older established companies.

The basic principles and ideas of a joint venture revolve around the idea of teamwork, but they work better if the execution of the joint venture is efficient. Partnerships and teams are easily made, but if the proper partner is not brought in on the agreement or assigned the best task, the joint venture may fail. The competition knows that it cannot have any delays in productivity so it is key to find teams that will execute their plan well. After all, what good does a joint venture do if one cannot gain from it?

The key players in a joint venture contribute to the expenses and overhead of the project, but they also share in the revenues. They have the means and the resources to accomplish their goal alone, but know that it will be a lot easier to have the aide of knowledgeable peers. A joint venture usually is made between people with common fields.

Joint ventures combine the time old theory of teamwork and two heads being better than one, and create an agreement that is usually lucrative for all the parties involved if they are successful. The competition is always going to look for its edge; if it has to jump ahead of the game with its own head start, a joint venture would be more than sufficient in helping them. But since everyone is someone else’s competition, there is no reason that not everyone can enter into a joint venture to get their edge over the competition.