Most likely you have already heard other people getting all excited about JV's and how they can help you build your online business. Or maybe you belong to that group of people who are not familiar with JV offers, which is short for joint venture offers... also known as business proposals or strategic partnership.
Either way... you can benefit tremendously from the following 9 tips to be successful with your own joint venture offer. Let's get started...
1) A joint venture offer doesn't require a joint venture partner to buy your products or services to become a JV partner.
Asking you potential joint venture partner to buy the product or service would be considered a sales offer and not a JV offer. A joint venture partner is usually offered a free review copy of your product or service.
OK, sometimes people actually BUY your product/service in order to "spy" on your sales process and to see if there's a good flow on everything you've done.
Doing that drastically increases your chances to gain a joint venture partner as this makes him or her feel obligated to return the favor by doing his part of the partnership and e.g. promoting your product or service to their lists.
Why am I mentioning this? Yes, you guessed it right... I had people contact me to do a joint venture with them and when I asked for a review copy to check first the value of the product... I was referred to their sales page!
What a waist of time...
2) A joint venture offer has to be a win/win or better a WIN/win.
A joint venture offer has to provide your JV partner with one or more additional benefits for becoming your partner... his WIN. Your win: be able to tab into your JV partners list and gaining extra sales.
A joint venture offer that offers a win/win could be:
"I am looking for JV partners that can promote my product or service to their list of contacts. In return for you are recommending my product (or service) to your list, I will not only provide you with a free review copy of my product, but also pay you a 10% higher commission than regular affiliates.
Plus, I am able to offer to your potential buyers a 10% or $20 discount if they order my product ONLY from you for the next XX days."
This is a win-win situation... your potential joint venture partner has a product without out of pocket expense that he can sell exclusively to his lists, his WIN. And you can earn royalties for live without your own list.
3) Your joint venture partners are not affiliates! They are more than just affiliates, they’re potential super affiliates.
You need to give them more commissions on any sales they’ve gotten for you. If you offer a 50% of commissions to your affiliates, your JV partners deserve 70% or more.
4) Don't make the initial joint venture proposals too lengthy.
Especially when you propose to a well know marketer, this can be the JV kill. Those people often have very limited time and will not even read your message all the way to the end if it's pages long.
It is better to send a short teaser email first and then follow up once they reply with all details.
5) Make your potential joint venture partner feel like you're a peer and not a sales person.
Do your research before you send your first email to a potential JV partner. Make the style of your joint venture offer personal, mention details about their business and how the JV offer can help them in what they want to achieve.
If you think sending an autoresponder series of template emails to your potential JV partners is a good idea, you’re killing your own business. People are very busy and to see that you are not even using your own time to write a proper JV offer, they don’t have time for you as well.
Your joint venture proposals should be more personalized - if possible you will even want to do a research on them so that you can know more about them and include the points in your joint venture offers. This makes sure that the both of you have a potential of being serious JV partners in the future.
6) Don't let your joint venture partner do all the work, participating in the JV should very as little work as possible for them.
Be prepared and offer them to provide marketing materials for your joint venture partner. This can be solo-ad copy, emails, banners and text ads and other materials your JV partner can use to share the word about your product or service.
The less work it is for them, the more likely they will become your joint venture partner. It is that simple!
7) Don't just go only for the big players.
Overlooking smaller publishers that have a very loyal and responsive list can be another mistake. Besides, those will be much more likely interested in your joint venture offer as they are not flooded with them (yet).
You should begin from "smaller" JV partners, slowly build each other’s publicity, and only approach greater marketers when your subscriber lists are huge. This way, the greater marketers will get a more compelling reason in having a joint venture with you.
8) Show them how you can help their clients and customers.
Give an example how your product or service compliments your potential JV partners own products or services. This way you help them to provide an even better service to their clients and customers.
This will also build trust that doing a joint venture with you will not only earn you and them money, but show that you are interested in helping them to look good in front of their own clients and customers.
9) Test your conversion rates and provide details.
By letting them know your conversion rate, they will know that sending traffic to your is not a bottomless pit. They can estimate how much they will be able to earn by doing a joint venture with you.
If you know that you will generate 1 sale out of every 70 targeted visitors your sales page gets, then let them know that you have a 1.4% conversion rate on targeted visitors.
JV's are a shortcut. They're all about leveraging what someone ELSE has built so that you can "skip" the building process - while reaping all the benefits of THEIR hard work as well. So why not take advantage of the blood, sweat and tears (literally) that someone ELSE has poured out?
And if you don't know how to start, check out "Web 2.0 Joint Venture Secrets EXPOSED" system. This system is very different from the majority of JV guides that you might have seen.
The concepts and approaches are vastly different and IF you take the time to read and digest the information presented to you and then act on it... well, there is absolutely NO reason why you couldn't become a 'JV mogul' in your niche.
Valeriu Popescu is the creator of the "Web 2.0 Joint Venture Secrets EXPOSED" system. This ultra powerful course show you step-by-step ..."Amazingly EASY Web 2.0 JOINT VENTURE Secrets That Will Help You Find (Instantly and Consistently) Partners And Super Affiliates To Promote Your Business For FREE WITHOUT ANY EXTRA EFFORT, HASSLE, or PHYSICAL ENERGY... Guaranteed!"
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