Massive joint ventures can rise or fail based on how you structure them. Learn eight tips that can help you create a powerful massive joint venture.
Secrets of powerful massive joint ventures:
Secret #1: Make a long list of potential partners. Brainstorm to think of all the people you can ask to be part of your massive joint venture. Leave nobody off the list no matter how “big” and famous they are. You never know if they will be in your joint venture unless you ask them. So don’t rule anybody out thinking that they wouldn’t possibly respond to your joint venture request.
Secret #2: Once you acquire someone to be in your joint venture, ask them for referrals of even more contacts. By asking for referrals you can piggyback off of their reputation. Plus, you can find people that you never even knew of. Remember, a massive joint venture will include not just one, but several joint venture partners.
Secret #3: When first contacting somebody about a joint venture send them a short, simple “feeler” email to see if they are interested. If they show interest then send them a more detailed description of the project. You can also call them as well. Talking with them can be very powerful and builds a relationship.
Secret #4: Look for items that have high profit margins. Information products have a high profit margin. If you set up a joint venture with information products then ask for a higher cut as an affiliate marketer.
Secret #5: As an affiliate marketer look for fast payouts. You should get your affiliate commission quickly within one month. Read the affiliate marketing details carefully.
Secret #6: The fortune is in the follow up. An example would be to offer a bonus after a teleseminar. You can earn loads of cash by offering these extra items after the teleseminar call. The teleseminar call can be a great part of your joint venture.
Secret #7: Make money first by conducting product integration. For example, get paid to give a telephone interview and then promote and sell your product.
Secret #8: Offer free bonuses if people stay on your teleseminar call. Your joint venture partner can offer bonuses as well. Work together to think of ways to attract and retain customers.
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