A joint venture is where you contact a marketer in your niche market who 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 e-book to their email list in exchange for a commission can put your current income through the roof.
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 e-book 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.
Please, please understand one thing. If you're selling an e-book 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 e-book.
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 e-book 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.
Now go and take action. You really can set up joint ventures with any niche markets top guns if you go and actually do it. Good luck!
Redundancy cover is also known as payment protection, loan protection and income protection insurance and is taken out to safeguard against the fact that you could find yourself unemployed after being made redundant. If you were to come out of work then you would still have to find the money each month to carry on paying your essential outgoings such as your mortgage, loan or credit card repayments.
If you want to insure against coming out of work and having the money with which to pay your general outgoings and continue living your lifestyle then you could take out redundancy cover to protect your lifestyle by way of income protection. Income protection would give you a replacement income up to a certain amount of your own, which would allow you to continue meeting your essential outgoings.
If you have loan repayments to make each month or credit card bills to pay then loan payment protection could be what you need. Loan payment protection will give you the money each month with which to carry on paying your monthly loan repayments based on how much your repayment is each month.
Mortgage payment protection can be taken out if you have a mortgage to repay, the cover would ensure that you wouldn't be at risk of losing the roof over your head if you were to be made redundant. As your mortgage is probably your biggest outlay each month and you have to ensure that you keep up with the repayments, losing your income could mean that you risk losing the roof over your head. Mortgage payment protection could mean that you wouldn't have to worry about where to find the money which is a great safety net to fall back on.
However all the family of protection policies have many things in common, for instance all policies have exclusions within them that could mean a policy isn't in your best interest. It is imperative that you make sure you have read the exclusions and understand whether or not a policy is in your best interest, while exclusions can differ slightly from providers there are some that are common. If you are in part time employment, self-employed, retired or suffering from a pre-existing medical condition then a policy wouldn't be in your best interest, always check out the small print before buying your cover.
All policies will begin paying out once you have been out of work for a period of time, this period of time can differ between providers and can be anywhere between the 31st day and 90th day of being out of work, once the cover has commenced it would then continue to provide a tax free income for between 12 and 24 months again depending on the provider. Redundancy cover can be taken out alongside loans and mortgages but this is generally the dearest way to purchase the cover. The premiums charged by high street lenders can add hundreds and even thousands of pounds? more onto the cost of the cover than it has too. Historically, standalone specialists in payment protection products always offer the cheapest premiums for redundancy cover along with giving the consumer the advice and information needed for them to make an informed decision regarding the suitability of the cover for their particular circumstances.
Both Graham Wardle & Simon Burgess 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.
Graham Wardle has sinced written about articles on various topics from Aquariums, Internet Marketing and Tropical Fish. Graham Wardle specialises in helping people start their own online ventures. Why not visit www.wealthywish.com and get your hands on a no cost two and a half hour internet business video.. Graham Wardle's top article generates over 9900 views. to your Favourites.
Simon Burgess has sinced written about articles on various topics from Mortgage Insurance, Finances and Income Protection Insurance. Simon Burgess is Managing Director of the award-winning British Insurance, a specialist provider of , loan protection insurance and income protectio. Simon Burgess's top article generates over 74000 views. to your Favourites.