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Joint Ventures: How To Make Money Without Spending Any Money
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Article Date: 2003-04-17
In this article I’ll give you special steps to follow that will help you to start making money quickly online. Most techniques I usually give you will take time to make you substantial profits. Every business takes time to build, but I’ll give you some speedy help while you continue to plan your long-term success.
The amazing Win-Win proposition of a Joint Venture that is set up correctly is that any business can do it. Whether your company is old or new or offers products or services does not matter. What does matter is that this tip produces more profits than anything else you will ever be shown.
Though you probably know this, I want to first cover the premise of a Joint Venture. You take the valued resources in your business ( i.e. customers, advertising, products, services, knowledge, skills, etc.) and leverage them with a non-competing business with a similar customer base which results in almost immediate cash flow for you both.
This is a no-risk marketing technique that benefits everyone. Every business can use it and profit from it. "Who" and "what " questions can help you find the assets in your company. Think about who you serve. What does you’re your business provide and focus on? What do your customers like? These are the questions that can open your gold mine. Few people bother to ask them. Don’t make that mistake.
One Example of How Joint Ventures Work
In this example Company A has a customer list or subscriber list… Company B has a product which is a solution to a problem that many of company A’s customers need or want.
If Company B wanted to rent Company A’s mailing list with a great offer he may be able to sell 3% of them on his product. The way a Joint Venture is struck is by Company A deciding to work along with Company B and endorse the offer. Company A would recommend the product with a satisfaction guarantee and a special offer only for her subscribers.
By doing this Joint Venture the response rate could create up to 30% or higher in sales! Simply by combining their efforts, Company A&B took a 3% return and made it over 30%. Now they split the profits and both companies win.
The reason why the response rate jumps so high is that the subscribers for Company A have built a relationship with the company. They trust the company because in the past Company A did right by them and Company A continues to offer great products, services and information that’s valuable to her customers. This gives the offer a high value. Much higher than advertising would provide and it’s FREE. Word of mouth is the greatest form of marketing and in this case brings success to two companies with one offer.
A Simple Way to Find Joint Ventures
Though this technique is for people who have a product to sell, you don’t need to have a product. This is one of the greatest advantages of internet marketing. There are many sites that offer affiliate programs for their products.
In an upcoming edition of Internet Success Secrets I will give more information on how you can use these programs to make a lot of money without having to create a product yourself.
Step One: Decide who your target market is or who you want it to be and research the market.
Step Two: Go to your favorite search engine and search for keywords that relate to your target market.
Step Three: Explore the sites that come up in your search. Find the companies which sell similar but non-competing products to your targeted market. Write down their name, addresses and phone numbers. The companies you want are the ones who are successful in their market and have customers who trust them.
Step Four: Write a letter to the owner of the company. Let him/her know that you believe what you have to offer would be greatly beneficial and appreciated by his/her customers. You would like to create a Joint Venture that is a Win-Win situation for you both and for the customers. Tell him/her to call you back as soon as possible so you can explain more and create an agreement together. It’s that simple.
How You Can Make Money From a Joint Venture in a Week or Less
There are actually two ways. The way to get more ideas and an overview is to read Ted Ciuba’s Mail Order Riches in The Information Age book. This is a great starter to show you how to go from nothing to building and marketing your business. You can read more about it by Clicking Here:
www.instantmarketingmillionaire.com
The most comprehensive way is to read, hear and meet Ted Ciuba, Terry Dean, Bob Gatchel and Ron LeGrand at the Internet Marketing Bootcamp. Whether or not you choose to attend, you can get thousands of dollars of bonuses from these Internet Millionaires and a host of other Internet Millionaires. This bootcamp goes in depth on every aspect of internet marketing from Joint Ventures and FREE advertising that has proven results to getting rich through internet auctions and how to make instant profits on the internet. For more information Click Here: www.instantmarketingmillionaire.com
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