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In the world of internet marketing, a joint venture is a business agreement between two (or more) parties where they agree to share resources (like email lists for example) towards the promotion of each others products. The joint venture agreement can be for a specific period of time or it can be an ongoing venture.
When looking for a potential partner in the creation of a joint venture Cheap Terrence Ross Jersey , you need to keep a number of factors in mind. The points provided below will help you identify people who would make good partners when it comes to expanding your internet marketing business.
Is It a Product or Service That Sells Well?
You want to find a product service that sells, and sells well. You need something that people want, not something that people need. People buy wants a lot more than they buy needs.
Is your product or service targeted towards a niche market? Is there a big demand for it? Are the customers in that market rabid for products like yours? Are they easy to reach?
How Can You Endorse It?
This is one of the most important factors in the success or failure of your Joint Venture. You have to send an endorsement (recommendation) to your list. NOT a blatant sales letter type ''endorsement''.
The endorsement has to convey the fact that you are trying to help your client base, not sell them something. You are doing a favor to your clients and that you've gone out of your way for them to bring them this special offer - that's how it needs to be conveyed.
That's why you should always offer a special privileged rebate on the product or service. Write the endorsement as if you were personally talking to them - and them only.
What Is The Price Of The Product Or Service?
The price has to be along the lines of the cost of what has already been sold to the list. Trying to sell a several hundred dollar product to a mailing list that's used to buying cheap products is not a good idea.
How Targeted Is The List Vs. Your Product? Or Vice Versa?
The more targeted Cheap D.J. Augustin Jersey , the better. Don't expect to make megabucks if you match a book on doll collecting with a financial newsletter or e-zine. If the offer is not very targeted, the deal will flop.
There can be exceptions to this rule however. Special occasions like Christmas, Valentine's Day, Easter etc. can be used as a reason to buy. So you can match 2 completely unrelated businesses and the deal will probably work.
How Good Is The ClientSubscriber Relationship?
Another very important factor. You must always partner with list-owners that have a great relationship with their subscribers because the stronger the relationship Cheap Bismack Biyombo Jersey , the stronger the endorsement, and the stronger the endorsement, the more sales you'll make.
If you have a mailing list, you should always work on building a better relationship with your subscribers. Some marketers have such great reputations and relationships with their client base that they can sell almost anything to them.
Some have been known to sell products that were priced several times higher than their competitors Cheap Evan Fournier Jersey , and they made a killing at it. Achieving this level of trust with your subscribers should be one of your main goals, one that will benefit you for years and years to come.
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