How To Use Joint Ventures To Make Money And Create Wealth Online
If there was only one marketing strategy that I could use to create wealth on the internet, it would be “Joint Ventures”. Joint ventures are easily the most lucrative marketing strategy ever implemented and if done right, it will likely be the ONLY marketing strategy you will ever need to use to create wealth online.
If you want to know how to start making money with nothing and create wealth online, a good internet joint venture is your shortcut to success. It can generate a large amount of targeted internet traffic for your website in a short amount of time compared to many other online methods. This can mean introducing your product or service to the market without spending any of your own money.
In its simplest form, a joint venture consists of two business affiliates (or more) collaborating to leverage off each other’s success, assets, and/or expertise. There are many different variations of joint ventures but I’m only going to discuss one prime example:
This type of joint venture partnership is quite common and is frequently used. This joint venture involves one business providing a product for sale, all the associated sales material, and product delivery while another business affiliate promotes the product. Promoting the product can be done on a blog, website, social media page, or e-mail list. By recommending the product to their network of established prospects, the business affiliate promoting the product receives a commission based on the sales generated through their resources. This mutually beneficial way of product promoting is commonly known as “Affiliate Marketing”.
The benefits of this system are limitless. You can even build your own subscriber list using the referrals received from your affiliate partner without incurring any costs on your end. If you work with the right reputable affiliate partner, you will gain instant credibility with their customer lists. Always remember, “Credibility Sells”. Let me give you an example. If you created a book on “How to Acquire Real Estate”, you could certainly make MANY more sales if you partnered with Donald Trump. His name on the book as the co-author would definitely increase your credibility in that niche. Are you starting to see the power of this amazing strategy?
There are many individuals who might think that Joint Ventures are not beneficial, however, that is the farthest thing from the truth. If someone is telling you that Joint Ventures are not beneficial, I wouldn’t take what they say at face value because they’re either uninformed or simply don’t understand how this money-making system works.
Let me illustrate how simple it is. Here’s the process I use when rolling out a new product. In this example, let’s assume that I just completed a new eBook on Forex Trading and I’ve built a website with an affiliate program. I would use google to do a search on niche keywords like “forex”, “forex trading”, “forex market strategies” etc. The top websites on the first page of your search will typically be your target affiliate partners. Since they appear on the first page they more than likely have plenty of traffic, subscribers, and/or business customers. I would visit each site to ensure that they are a suitable fit for my product offering at which point I would contact them with a very brief email asking if they would be interested in marketing my product in exchange for a reasonable commission as an incentive.
To show good business etiquette, always briefly introduce yourself and your product in the emails you send to potential joint venture partners. Describe your product offering and how it can be beneficial to their Newsletter subscribers, customers, and/or website visitors. Ask politely if they could respond to your email as soon as possible with their contact information if there is an interest in marketing your product offering. It is also very important that you give potential joint venture partners free access to your product offering so that they can review it and feel comfortable endorsing it. You have to understand, these website owners have spent years building their business lists and cultivating these lists to be very responsive. Any endorsement that’s introduced to these well-developed lists could mean thousands of dollars generated with very little effort on your end.
Repeat the same process for all the other prospect sites you found under that keyword and send joint venture proposal letters to them as well. Repeat this process for other relevant keywords until you have collected your desired number of business affiliates.
Understandably, this can be a very time-consuming task. This is why I signed up for a free Groove Funnel membership in order to take advantage of their email marketing platform to automate contacting my prospective business affiliates. The free Groove Funnel account also offers 17 other free apps that can be used to grow your affiliate network. I can now get most of the work done in a much shorter period of time.
Remember, if just a minimal amount of these business affiliates decide to market your product you can easily start to create wealth online. Once they’ve contacted you after receiving your email proposal, simply set up their affiliate account and send them their affiliate links. This will ensure that their commission will be properly and accurately recorded when they endorse your product offering to their list. If you send your offer to just 10 sites a day, within a week you’ll be on your way to making a substantial amount of money each month. You can start to create wealth online by dedicating only 5 hours of work daily with no financial investment needed. It’s just that easy.