The Power of Partners
You can generate a decent income with your own product. If you have a solid product and promote it the right way, you can and will start making money. If you find a sweet spot in the market, your product can become relatively successful.
However, you won’t really make the big money if you’re out there alone. The top internet marketers understand that traveling the road to riches is easier with a good joint venture proposal. There’s no substitute for good partners when it comes to making big money.
Can you imagine the sales you’d make if big name marketers actively promoted your product? Think about the kind of sales you could experience if one of those highly-trusted individuals made a concerted effort to sell your product to his or her receptive audience. Consider the possibilities if several top marketers were on board.
Beyond Affiliate Programs
You must have an affiliate program if you have your own product. There’s no better way to encourage sales than to build an army of affiliates. A run-of-the-mill affiliate program isn’t enough, though. You want more than a handful of marketers pitching your product as a part of their overall business plan. You want to establish relationships with the kind of marketers who can really make a difference.
That’s why building joint ventures should be a top priority. If you can persuade talented marketers to promote your product in a concerted and serious manner, the sky really is the limit. That’s why forging successful joint ventures is the most important step anyone with an interest in moving up into the ranks of the top marketers can take.
Unfortunately, making those connections and setting up those joint ventures isn’t always easy. It can be hard to build top-notch JVs if you and your product aren’t already well-known. The top marketers are constantly on the receiving end of JV requests. If you want to get things moving, you need a good JV proposal that will interest the kind of partners you need.
Many marketers make the mistake of approaching joint venture partners as if advertising their existing affiliate program is enough. That’s a doomed strategy. If you’re not thinking on a bigger scale with a very specific plan, you’re not likely to score meaningful joint ventures. You need to approach the process the right way.
Keys to JV Success
You need to know a few things in order to put together good JVs. First, you should have a strong understanding of the different ways to structure a joint venture. Second, you need to know how to assemble a JV proposal that offers benefits to both parties. Third, you must figure out how to make connections with the people you need as JV partners. Fourth, you should know the tricks of the JV trade–the various ways to transform a ho-hum offering into something thrilling. Fifth, you must have an iron grip on the details of JV organization and implementation.
If you don’t hit all five of those nails on the head, you won’t experience JV success.
In other words, you need to go to JV school if you’re serious about making the most money possible from your product.
You could take a do-it-yourself approach to learning about JVs. Be prepared to experience at least a few failures before things get moving if you take that route. You can ruin an otherwise great JV plan with a single misstep.
That’s why you should seriously consider learning the details of JV construction and implementation from someone with extensive experience. If there’s one part of internet marketing that screams for a quality, paid education, this is it. You need to find a good source of JV information and recommendations. Once you’ve learned the ins and outs of JVs and have a joint venture template at your disposal, you can start experiencing serious profits from your products.