A joint venture is where you contact a marketer in your niche market that has an email list of subscribers who may have an interest in your product. They can be the lifeblood of your business. Just five decent joint venture partners who promote your ebook to their email list in exchange for a commission can put your current income through into overdrive. Read this newsletter and go out and take action. I assure you your results will be life changing.
Know Your Conversion Rate
The first mistake newbie's make is they start contacting JV partners left right and centre before they've even made a sale of their ebook themselves. This is wrong. Very wrong. You need to be able to contact a potential JV partner and be able to tell them how your sites converting. How can you expect someone to sign up as a JV partner if they can not see your past success.
Site conversion is simple. It's the amount of visitors to the amount of visitors who buy. So for example if one hundred people visited your site and two bought your conversion is two percent. You want to get at least one thousand visitors before you know your conversion.
To work out how your sites converting download the software from www.statcounter.com. The best thing is it won't cost you a penny. It will up date visits to you site and calculate your conversion for you.
Offer Large Commissions
Once you know how well your sites converting (if no one's buying don't even bother contacting marketers. Improve your sales letter, change your headline, whatever it takes) you can start contacting JV partners. Offer them more than your regular affiliates. If you offer your affiliates fifty percent commission, offer your JV partners seventy five percent.
You may be thinking "wait a sec those commissions are huge? I won't make any money myself". This is where so many go wrong. If people are sending you tons of visitors you can build your email list and offer them other products in email promotions, and you can also make money selling back end products. Remember that old saying "speculate to accumulate".
Return the Favour
Offering high commissions is not enough. Let them know that you'll add a message into your auto responder set up so that you'll market their products via an affiliate link in your back end. Explain that you'll be setting up joint ventures with other marketers in the niche so that they'll get visitors to their site without spending a dime. This is very powerful.
Using Clickbank
Please, please understand one thing. If you're selling an ebook on fitness don't start contacting marketers who sell gardening products. That's just ridiculous. You need marketers who sell products in your niche as they will have an email list of people who may have an interest in your book and these are the only marketers you should contact.
With that in mind start at www.clickbank.com. Click on "promote products" on the home page and then search the marketplace for products in your niche. Try setting up a JV by contacting the product owners.
Google "Ezine" Trick
This is a superb way to find marketers with ready made email lists they can send a promotion to and sell tons of copies of your ebook virtually overnight.
Go to google and type in "(niche) ezine". So for example if you were selling a bass fishing related ebook you'd type in "bass fishing ezine". What you'll get is a huge list of results of web sites in which people have a bass fishing email newsletter (or ezine). Obviously they won't all have one, often you'll get millions of results, but you can spend a few hours going through the results and get more JV contacts than you could ever hope for!
Google "Allintitle" Trick
Here's another cracker. If you could find web sites that have your niche market keyword in their domain name there might be great potential JV partners? Of course! Go to google and type in "allintitle: (niche)" So for example if you were selling an ebook on song writing you'd type "allintitle: song writing" into google. Go through the results contacting marketers and setting up hugely profitable joint ventures.
Leverage Results
Once you set up one profitable JV use the results to start setting up even more joint ventures. One joint venture will boost your conversion and your future contacts will be far more impressive. You can say things like "Joe bloggs from domain name.com made X amount of sales and earned X amount from just one mailing to his list". This really is powerful because it shows people that you know what you're doing.
Now go and take action. You really can set up joint ventures with any niche markets top guns if you go and actually do it. Do it today! Good luck!
Little Books. Big Profits
While millions of people go online to purchase physical products, selling physical products is a hard way to make money because of the much higher inventory, shipping and customer support costs. The margins are much smaller because of the competition from big companies such as Amazon and Best Buy and the fact that shoppers can use Google to find the lowest price on the Internet.
As Willy Sutton, the famous bank robber once said when asked why he robbed banks, "Because that's where the money is." In the online world, the real money is in information products.
Information products are the ideal products to sell online because there are no inventory or shipping costs, the margins are much higher, the customer support needs are much lower, and it's difficult for customers to competitively shop for information products. Best of all, since info products can be shipped electronically over the Internet, the entire business process can be automated, so that it operates while you sleep!
What Are Info Products?
People purchase information products or services to get the information they contain. Examples are: books, directories, newsletters, special reports, instructional courses, CDs, videos, DVDs, movies, anything thing that can be digitized.
Until the Internet came along, information was primarily delivered in physical forms, which is more capital intensive, consumes more resources, takes more time and is more expensive than selling the same information in digital form over the Internet.
To understand the difference, let's look more closely at the economics of physical books versus ebooks.
Physical Books
In the world of physical books, an author writes a manuscript and gives it to a publisher. The publisher buys rolls of paper, runs printing presses, and manufactures physical books to put into inventory for shipment to regional warehouses. From there, the physical books are shipped by plane, train or truck to thousands of stores, where customers come to purchase them.
Needless to say, lots of capital is required for buildings, printing presses, warehouses, trucks, and the retail stores that comprise this kind of publishing and distribution system.
eBooks
Instead of publishing physical copies, an ebook is the same manuscript stored on computer and delivered directly to the customer over the Internet, in a digital form.
The customer then reads it online or prints it on his/her desktop printer. The benefits are obvious and enormous. No trees need to be cut down to make paper. No petroleum is required to ship the physical books. No capital is tied up in buildings, printing presses, stores or personnel.
These factors dramatically change the economics for authors and information owners.
Both Neil Gray & Wayne Van Dyck are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Neil Gray has sinced written about articles on various topics from Joint Venture, Internet Marketing and Joint Venture. Neil Gray is an information publisher specialising in helping people start their own home based business. You can read up on how to create your own info products in one day without writing a single word by going to. Neil Gray's top article generates over 2900 views. Bookmark Neil Gray to your Favourites.
Wayne Van Dyck has sinced written about articles on various topics from Online Business, Marketing and Online Business. Wayne Van Dyck is the CEO of Six Degrees Media in Sausalito, CA and is a developer of Internet tools and technologies for building online businesses. To get your FREE "Money Making Analysis" and FREE copy of "How to Make Your First $50,000 Online...WhileY. Wayne Van Dyck's top article generates over 4400 views. Bookmark Wayne Van Dyck to your Favourites.