Startup Guide

eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
eg: UK or Brides UK or Classical Art or Buy Music or Spirituality
 
Business & Money
Technology
Women
Health
Education
Family
Travel
Cars
Entertainment
SD Editorials
Online Guide and article directory site.
Foodeditorials.com
Over 15,000 recipes & editorials on food.
Lyricadvisor.com
Get 100,000 Lyric & Albums.
  • Business & Money
    • A Guide to Business
    • Guide to Finance
    • Ideas for Marketing
    • Legal Guide
    • Guide to Insurance
    • Lettre De Motivation
    • Guide to the Stock Market
    • Human Resource Career
    • Sales Marketing
    • Forex & Trading
    • Advertising & Marketing
    • Startup Guide
  • Technology
    • Guide to Technology
    • Cell Phones
    • Computer Software
    • IT Hardwares
    • Internet
    • Online Security
    • Cameras
    • Search Engine Optimization
    • Science & Technology
  • Women
    • Guide to Women
    • Relationship Advice
    • Marriage
    • Jewelry
    • Pregnancy
    • Fashion Style
    • Divorce Guide
    • Wedding Guide
    • Dating Guide
    • Natural Beauty
  • Health
    • Guide to Health
    • Guide to Medical
    • Plastic Surgery
    • Weight Loss
    • Sports
    • Body Wellness
    • Cancer Treatment
    • Common Illness
    • Health & Lifestyle
  • Education
    • Military Service
    • Politics and Policy
    • Arts & Humanities
    • Education and Teaching
    • Learn Languages
    • Colleges & Universities
  • Family
    • Quality Home Improvement
    • Hobbies and Interests
    • Family Guide to
    • Pet Guide
    • Loans Guide
    • Credit Cards
    • Gardening Guide
    • Home Security
    • Real Estate
    • Home Decor
    • Gift & Present
  • Travel
    • The Travel Guide
    • Adventure Travel
    • Cruise Ships
    • Beach Holiday
    • Travel Accommodation
    • Holiday Destinations
  • Cars
    • Information on Cars
    • Traffic Violations
    • Auto Insurance
    • Trailers
    • Sport Cars
    • The Bikes
  • Entertainment
    • Entertainment Guide
    • World Music
    • Photo & Video
    • Television & Games

Online Joint Ventures - The Steps To Success

    View: 
1. Be Personal and different - most successful marketers get propositioned on a daily basis.



2. Find major players in your industry (well-known product creators, service providers, website owners, list owners etc.) and get to know them a little (join their newsletter, read their information, buy a product or 2 from them) and if possible speak to them in person or via the phone.

Note: I've bought products from several well known marketers just to get some free mentoring or telephone consultancy from them. Not because I wanted or needed their product, but just to speak to them in person.

These people should be the focus of your efforts as it only takes one or two to take up a partnership with you and you'll be well on the way to great results.

3. Contact related webmasters, ezine-owners with a good amount of traffic or readers and do the same as above, these might not be well known people, but they have what you want and they may be useful partners. (Again, be as personal as possible).

4. Bare in mind the 'Pareto Principle' (80% of your results come from 20% of your efforts) it's likely that very few small scale individuals will be able to produce great results and you've probably read that online over 90% of affiliates do nothing once they sign up. So don't waste a lot of time trying to get just anyone to deal with you, or it'll cost you more in time and effort than it's worth.

5. Remember that for good JV partners, they're likely to have more to offer you than you have to offer them, so make sure you factor in the value of what they can offer (i.e. the lifetime value of any new customers you gain from your deal - not just the one-time sale value) and give them a respectable percentage of the profit (Clickbank allow up to 75%). If you're a beginner then don't expect to be able to make good deals with a low percentage offering on a small product.

Show your partners that you understand and appreciate the value they offer.

6. Start as high up the food chain as you can (Biggest potential partners first) as this will increase the speed and penetration of your campaign.

7. Try and build your partnership in a way that ensures you get consistent sales/traffic (i.e. arrange for an advert/banner on their site) where possible.

8. Be Prepared! - this is a vital point. If your JVs turn out to be successful then you'd better make the most of it and have everything in place or you'll lose money that you could've captured.

I mean things like having an autoresponder setup to keep track of (and follow up with) all of your customers (if you're letting your JV partner deliver the product then try and agree to share purchaser names).

Make sure your payment system is working and that any affiliate links you've provided work and that the right affiliate will get their money.

9. Affiliate Sales material - If you're intending to provide support and sales material (this is worth doing as it makes your partners job much simpler and hence gives them less obstacles to working with you) make sure this is in place BEFORE you set them off promoting your product.

10. Learn from the process - make sure that you learn as much as you can from your venture. For example if you're getting a lot more traffic than normal it might be much easier to spot where you could improve your sales copy or sales process. If you enter a joint venture that flops, you'll have a much harder time getting that partner to work with you again. Try and test everything BEFORE you make the deal (Using a short Adwords/Overture campaign to buy traffic and test your sales page is a great way to do this!)

11. Make sure that your proposals are unique (I've already seen the standard letter provided with a product I have rights to land in my own inbox, and it makes me think that person won't spend the time to be personal) and let the partner know that you understand the value in their list/traffic and that your offer is a unique one that no-one else will also be offering them.

12. Don't be sloppy - Spelling mistakes and poor grammar will kill your proposal for some people.

13. Samples - I like to provide the product to my partners whenever possible. The impact of this shouldn't be underestimated. If you want them to endorse a product for you then they should have at least had access to it. For offline high-ticket items it goes one step further and shows that you take your relationship with them seriously and also gives them a reason to want their customers to have it if it's a great product.

14. Don't use template emails. Nothing takes the shine off of a relationship like seeing the same 'personal' email they got from someone else.

15. Measure everything - If you're not providing your partner with the facility to measure the results, make sure you let them know how things are going and tell them if you think something needs to change. Don't just leave them to it and hope it all goes OK or ignore them if it doesn't work out.

One thing that can make a difference is for them not to necessarily use a pre-written endorsement as their readers/customers are likely to have become accustomed to their style and prefer that.

16. Follow-up. If you don't get a response right away, allow a few days and then gently follow up with a reminder. You probably know that most people are busy and one email is easily overlooked. Don't take it personally, just send a short reminder of the fact that you made and offer and leave it at that.

17. When the deal is done, be sure to thank them and keep in touch.

18. If you have historical information or facts about the success/conversion rate etc. of previous campaigns and JVs, provide these and let them know that anyone they send will be well looked after.
More Articles from
Joint Venture Business
How Can Start Contacting Potential Joint Venture Partnership?
Joint Venture promotion deal with other businesses!
Why Joint Ventures are Worth Your Time
Joint Venture- Joint Venture can generate a ton of money for you
Information To Having A Successful Joint Venture
Joint Ventures can be described as commercial companies.
Focus Your Energies By Forming A Joint Venture!
What Is The Joint Ventures and Website Designing?
Most Successful Joint Venture Marketing!
How Can Create A Joint Venture Partnership?
How to Secure Joint Venture with Top Marketers and how many Joint Ventures for Internet Marketers To
Finding Affiliate Partners to Joint Venture!!
How To Joint Venture is Common Internet Marketers?
What Is the Benefit of Joint venture Produce?
How to Benefit From a Joint Venture Ideas?
Joint Ventures Foster Great Relationships Between Marketers!
Joint venture: -Joint Venture Partners and Affiliates and Some Ways You Can Use To Contact Joint Ven
The Most Common Mistaken Beliefs About Joint Venture Marketing!
How To Joint Ventures Way to Increase your Profits.
How is your joint venture going to be launched?
» More on
Joint Venture Business
  • Related Articles
  • Author
  • Most Popular
Arvin Singh has sinced written about articles on various topics from Adsense, Joint Venture and Internet Marketing. . Arvin Singh's top article . to your Favourites.
All American Muscle Cars
And thanks to the Internet, people around the world who share common interest in muscle cars now have a dependable means to showcase the glory of muscle autos and allow the younger generation to see t...
 
A Guide to Business | Guide to Technology | Guide to Women | Guide to Health | Family Guide to | Travel & Vacations | Information on Cars

EditorialToday Startup Guide has 3 sub sections. Such as Business Funding, Startups & Mergers and Ideas for Business . With over 20,000 authors and writers, we are a well known online resource and editorial services site in United Kingdom, Canada & America . Here, we cover all the major topics from self help guide to A Guide to Business, Guide to Finance, Ideas for Marketing, Legal Guide, Lettre De Motivation, Guide to Insurance, Guide to Health, Guide to Medical, Military Service, Guide to Women, Pet Guide, Politics and Policy , Guide to Technology, The Travel Guide, Information on Cars, Entertainment Guide, Family Guide to, Hobbies and Interests, Quality Home Improvement, Arts & Humanities and many more.
About Editorial Today | Contact Us | Terms of Use | Submit an Article | Our Authors