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One of the very best ways (okay, the best way!) to quickly create thousands of dollars risk-free is by doing joint ventures.
A joint venture (JV) is simply when 2 people (or businesses) work together to reach a common goal. Big businesses do this all the time. That's why the computer you're looking at right now came pre-loaded with software from Internet service providers like AOL and/or MSN.
Most JV's involve one person with a product to sell and the other person with a high traffic website or an email list (or both) that's targeted to the group which is known to buy the product.
I regularly do JV's from both perspectives - as the person with the product and the person with the list. My revenues from joint ventures in the last few years are well over a million dollars. Actually, they're probably over a couple of million if I took the time to really add everything up.
If you're looking to increase your business without taking any risk - and or having to spend a lot of money on advertising, you should actively pursue joint ventures.
The reason that I mention there's no risk is that you won't be paying your JV partner to sell your product until after you collect the money. In other words, the JV partner will run the promotion and drive the traffic. You'll make the sales and collect the money.
Then, you'll pay your JV partner after you already have the money from the sales. You don't pay anything up front so you have no risk!
So how come I waited all the way until this lesson to mention how great joint ventures are?
See, most people make a real mess when they first try to set up a joint venture. They jump the gun and start contacting people willy-nilly. No plan. No credibility. So they fail miserably and run around telling everyone that JV's don't work.
Not true. JV's - like anything else - don't work if you don't approach them correctly.
Before you approach a potential partner and (a) try to get him excited about selling your product so (b) he can risk his time, effort and credibility with his list, you need to have your ducks in a row.
First, you must have a website that converts visitors in customers. You must test this and have proven results. (That's a big part of why you'll start with pay-per-click advertising.)
Your JV partners are not going to be your guinea pigs and test everything for you. Forget it.
It's your job to deliver a sales system that works.
Second, you must have an email ad or website ad that has been tested and proven to work.
Third, you must have a tracking system in place to provide real-time reporting of clicks and sales. You can use your affiliate program for this (almost everyone does). The affiliate program in 1ShoppingCart.com is perfect for this.
Only after you've got these items in place should you contact anyone about doing a joint venture. Otherwise, you're wasting your time.
To find JV partners, you can use several methods:
1 - Go to any search engine and search on your target keywords. That's going to give you a list of websites that probably have a lot of traffic that's coming from your target market.
2 - Narrow down that search by also searching for "ezines" or "newsletters" so you have a list of sites likely to have online newsletters that reach your target market.
3 - Plain old-fashioned networking. Whenever you're in contact with anyone that does business in your target market, be alert to the opportunity that might exist to joint venture with them or someone else they know.
4 - Referrals. After you've completed a successful joint venture and delivered a fat, juicy check to your partner, ask him for referrals to people he knows that would also be interested in grabbing some easy cash.
By now, you should be completely pumped up about the incredible possibilities available for you to use joint ventures to explode your business - at no cost and no risk to you!
Go kick some butt!!
About the Author:
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To find the best home based business ideas and
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Coach Donohugh Magnus helps beginners and the advanced marketer. Claim your FREE newsletter with hundreds of "killer" promotional tips and tricks from http://www.pluginprofitsite.com/main-19887/specialoffer.html
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