Beyond Selling Your Own Product
You can generate a decent income with your own product. When you combine a good overall marketing and promotion plan with a nice product, sales will inevitably follow. You might even find a void in the marketplace that will make your product a minor hit.
However, you can't hope to experience optimal sales numbers if you're working alone. The highly successful marketers understand that the biggest success stories often involve a smart joint venture agreement. There's strength in numbers.
How many more sales could you make if you had a team of big-time marketers aggressively promoting your product? Can you imagine what would happen if you had some of these well-known forces backing your product? What if you could multiply that impact by teaming up with a group of top marketers?
Beyond Affiliate Programs
If you have a product, you need an affiliate program. If you can get other people working to promote your product, it will multiply your sales. A run-of-the-mill affiliate program isn't enough, though. You want to do more than attract a few other marketers to your cause. You want to establish relationships with the kind of marketers who can really make a difference.
Welcome to the world of joint ventures. 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 recruit JV partners if you and your product aren't known commodities. People approach the large list holders every single day with invitations to promote products. You need to have an interesting, attention-grabbing, smart JV offer to make something happen.
Too many marketers think of a joint venture partnership as nothing more than a slight variation on the standard affiliate program. That's a doomed strategy. You can't hope to build quality joint ventures unless you have a smart, specific plan. 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 must understand the different ways to structure a JV Second, you need to know how to assemble a JV proposal that offers benefits to both parties. Third, you must learn how to connect with the kind of people you really need as joint venture partners. Fourth, you need to know the fine details of building a JV proposal that will really take off. 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.
Basically, you need a real education in joint ventures if you want to enjoy the strength in numbers they produce.
You could try to figure out all of the details on your own. 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.
Most pros will tell you that it makes more sense to learn from someone who has extensive JV experience. This is one area of internet marketing that really calls for assistance and instruction. This is an area of IM that truly justifies an investment in quality training. You should make a point of finding proven JV recommendations and information. After you've learned the skills necessary to become a good joint venture broker, you'll be able to reach your full profit potential.