A joint venture is where you contact a marketer in your niche market that has an email list of subscribers who may have an interest in your product. They can be the lifeblood of your business. Just five decent joint venture partners who promote your ebook to their email list in exchange for a commission can put your current income through the roof. Read this newsletter and go out and take action. I assure you your results can be life changing.
Know Your Conversion Rate
The first mistake newbie's make is they start contacting JV partners left right and centre before they've even made a sale of their ebook themselves. This is wrong. Very wrong. You need to be able to contact a potential JV partner and be able to tell them how your sites converting.
Site conversion is simple. It's the amount of visitors to the amount of visitors who buy. So for example if one hundred people visited your site and two bought your conversion is two percent. You want to get at least one thousand visitors before you know your conversion.
To work out how your sites converting download the software from www.statcounter.com. Don't worry it won't cost you a penny.
Offer Large Commissions
Once you know how well your sites converting (if no one's buying don't even bother contacting marketers. Improve your sales letter, change your headline, whatever it takes) you can start contacting JV partners. Offer them more than your regular affiliates. If you offer your affiliates fifty percent commission, offer your JV partners seventy five percent.
You may be thinking ?wait a sec those commissions are huge? I won't make any money myself?. This is where so many go wrong. If people are sending you tons of visitors you can build your email list and offer them other products in email promotions, and you can also make money selling back end products.
Return The Favour
Offering high commissions is not enough. Tell them that you'll add a message into your auto responder set up so that you'll market their products via an affiliate link in your back end. Explain that you'll be setting up joint ventures with other marketers in the niche so that they'll get visitors to their site without spending a dime.
Using Click bank
Please, please understand one thing. If you're selling an ebook on fitness don't start contacting marketers who sell gardening products. That's just ridiculous. Only contact marketers who sell products aimed at your niche market and therefore have an email or customer list of people who may have an interest in your ebook.
With that in mind start at www.clickbank.com. Click on ?promote products? on the home page and then search the marketplace for products in your niche. Contact the product owners and try setting up a JV.
Google ?Ezine? Trick
This is a great way to find marketers with ready-made email lists they can send a promotion to and sell tons of copies of your ebook virtually overnight.
Go to google and type in ?(niche) ezine?. So for example if you were selling a bass fishing related ebook you'd type in ?bass fishing ezine?. What you'll get is a huge list of results of web sites in which people have a bass fishing email newsletter (or ezine). Obviously they won't all have one, often you'll get millions of results, but you can spend a few hours going through the results and get more JV contacts than you could ever hope for!
Google ?Allintitle? Trick
Here's another cracker. Do you think web sites that have your niche market keyword in their domain name might be great potential JV partners? Of course! Go to google and type in ?allintitle: (niche)?
So for example if you were selling an ebook on song writing you'd type, ?allintitle:song writing? into google.
Go through the results contacting marketers and setting up hugely profitable joint ventures.
Leverage Results
Once you set up one profitable JV use the results to start setting up even more joint ventures. You can say things like ?Joe bloggs from domain name.com made X amount of sales and earned X amount from just one mailing to his list?. This really is powerful because it shows people that you know what you're doing.
Conversion Rate Of Pounds
It's all about getting the same traffic and making more money. If you use this technique you can double your current sales within 30 days. You can change your life and lifestyle.
Conversion ties everything together. Optimizing your conversion rate ties everything together from article marketing, generating traffic, to customers that buy. Getting traffic alone is not enough.
What is a conversion rate? The percentage of visitors who take a desired action. Action can be anything you want the website visitor to do. For example, the action may be to opt-in, click on link, stay on the page longer, and buy your products.
Conversion rate = total number of actions/number of unique visitors.
Therefore, you can use website statistics and analytics programs to find the conversion rate numbers.
Often people take the steps to drive traffic to their website, but these visitors don't end buying their products. These people then claim that Internet businesses don't work. They are wrong. They do not understand the secrets and techniques of conversion. If they know how to optimize conversion then they can turn their website traffic into cold hard cash in the form of paying customers.
Remember this law: Traffic does NOT equal money. Just because you have visitors at your website doesn't mean they will buy. You have to convert these visitors into buyers in order to make money. It seems like a logical law, but too many people focus too much on just obtaining traffic and not on converting that traffic into gold.
So how do you take the traffic you already have to your website and make more money from it? Following are strategies and tips that will help you tackle conversion based on not just theory, but robust testing.
3 possible ways to increase sales on your website:
1. Increase traffic by getting more visitors to your website. However, this is the most expensive option. You have to increase the amount of money and time invested in getting more traffic. The problem is that it is also temporary because you have to increase the amount of time or money you spend on obtaining traffic.
2. Increase the average order size. Unfortunately, this is often overlooked. This is a fast and easy way to increase sales. Increase how much a website visitor spends on your products or the frequency in which they spend money.
One way to accomplish this is to raise the price of your products. Unless you are selling something that is generic and sold everywhere, you should increase your price. People will perceive a higher price as higher quality. You will differentiate yourself from your competition. The result is that your conversion rate will increase.
3. Increase the conversion rate by getting more of your existing customers to purchase from you. This is an excellent long term option that is quick and easy to achieve. Focus on conversion tactics before you try to generate more traffic.
Both Mukesh Rana & are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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