Joint venture marketing really is in a class of its own.
Many internet marketers either don’t properly understand or perhaps don’t really fully utilise this really great method of making money online. Instead, they accidentally massively over-complicate the marketing process and spend months and months trying to handle everything themselves. It comes down to one thing, building joint venture relationships in the first place!
A joint venture is basically the cooperation between two internet marketers with the purpose of making more money. One version involves cross promoting each others network marketing affiliate program or their perhaps their own products. Imagine sending out an email promoting an affiliate product to thousands of targeted people on somebody else’s list.
For the best and quickest results, many internet marketers use joint ventures with their tried and tested network marketing affiliate program. They choose to promote affiliate programs because this removes the need for product creation part and they can hopefully enjoy cash flow from having written and sent just a few emails. The hard part is creating and then nurturing the relationships in the first place.
Now that you know why joint ventures are so profitable, you may start wandering how you can do it yourself and what is the best way to go about doing it. The first thing you should do is ask. If you have a good product that sells well and a reasonably sized list, you may be in a good position to open the dialogue with like minded individuals.
So joint ventures may be one of the easiest and fastest way to grow your business, but to build JV relationships with other internet marketers, you really do need to have an email list. That said, you don’t need to have a huge list right from the start. You can start with an email list of even a few hundred subscribers and you can then find other marketers that have about the same amount of subscribers and partner up with them. This way you can grow your own list by adding a sign-up on your landing page, and then at a later time send your new visitors to your own favorite network marketing affiliate program.
Building that initial list is no longer as hard as it was some time ago. You can do this with the help of social sites such as MySpace or Face book. If you have some spare money you could also try advertising on Google, Yahoo, MSN or the other major search engines. You might also want to try giveaway events and doing smaller ad-swaps.
But remember, if you want to build good long terms JV relationships you have to pick very carefully the network marketing affiliate program you want to promote to your list. Stay away from the cheap “me-too” type poorly designed products and you should be fine.
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