Copyright 2006 Patric Chan
Do you want to know the best way to sell your product that will almost guarantee you to make money online?
Get a joint venture partner in your same niche market to promote your product to his mailing list.
I can bet you’ll see sales in less than 24 hours if it’s a quality joint venture partner My previous Joint Venture Partner generated US $21,492 sales in just couple of days by just mailing to his list.
I said it’s the best way, but I did not say it’s the easiest way. In fact, it’s one of the toughest ways to achieve this strategy. But — It’s very rewarding. Getting someone to consider promoting your product is a lot of work. I can’t teach all of the joint venture tips in this short content because it’ll take a book or course to teach this. However, I can tell you how to avoid the big mistake and increase your result.
Most people send out joint venture proposals to the wrong JV Partners and lose doing business with them!
You see, I know this because I receive a lot of joint venture proposals. If you’re a long-time subscriber of mine, you’ll notice that I hardly promote or endorse a third party product. The reason is, most of the time the proposal does not meet the expectations. I won’t endorse non-useful products to my subscribers. Never even if I’m paid 100% commission because it’s important that the products recommended will help my subscribers to make money online.
The major mistake I’ve seen is people are trying to joint venture with partners that have a head-to-head competing product rather than one complimenting the joint ventures existing product!
Example, I have an audio course about niche marketing. At the same time, I’m currently selling other niche marketing courses that I have resale rights to. Then I have a coaching program on this topic as well. So, what’s the possibility of me promoting someone elses niche marketing course?
Rarely unless there are other perks involved. But let’s say the major influence of considering the offer is to make affiliate commission. That would be my LAST PRIORITY to promote a product that is my competitor and in conflict with what I’m teaching!
Most people approach joint venture partners to promote a product that is competing with the joint venture’s existing product.
So what kind of products might I want to promote that compliment the products that I have?
In this case, I might consider promoting niche private labels rights to my subscribers if I’m teaching niche marketing. Or maybe, software to locate niche markets from the internet. Basically, Ill consider promoting products that are complimentary, NOT COMPETING.
Seek joint venture partners that have complimenting products to yours.
Like, if you’re selling a blogging software, your ideal joint venture partners would be people who sell courses on how to make money online from blogging.
In this case, I would be able to sell some blogging software as a JV Partner but you’ll definitely get better result by contacting a more targeted partner. You see, the efforts you have to put in are the same… so why not approach a more qualified partner like someone who is in the “How to blog” niche?
You still want to approach as many joint venture partners as possible, but start with the more targeted potential partners first because it’ll be more effective.
Let me give you another example so that you can relate. If your ebook title is “77 Ways To Potting Train Your Dog”, your suitable and quality Joint Venture Partner would be the author of “How To Train Your Dog To Sit And Fetch” because his customer would be interested in your ebook.
Of course, this concept will NOT be applicable if there are other influences in getting the joint venture to agree to the promotion. Other influences can be relationship, high affiliate commission, 2-way JV swap, unique product, additional benefits, free product access, etc.
Finding complimentary product is just one of the important keys of selecting a Joint Venture Partner successfully.
When other influences are in the picture, a joint venture might consider promoting a competing product of his. That’s normal and … logical.
So, are you seeking quality joint venture partners?
Another tip about seeking joint ventures is, start small if you’re just starting out. Don’t approach the ‘big boys’ of your niche market when you’re starting out no matter how tempting it is. Get the ball rolling first because if you spoil your first impression when you approach them, you’re risking to lose doing business with them forever. Get a few small deals done and you’ll be more motivated and inspired to keep it growing. Then, go for the “BIG BOYS” and offer a win/win deal for them.
You “Chan Do” It.
-Patric Chan http://www.youchandoit.com