That's a basic joint venture. Today I
want to share you a few other ways you can profit from other people's
traffic and lists without using the "normal" joint venture.
1. Sell "Reprint Rights" to a
product of yours.
License your product to others. For
example, I sell a master reprint rights license to my "Create a
Life You Love" product at http://www.betterthangoals.com. What's
my motivation? Of course I use this low cost license as an incentive
to buy the product. I also want to share this information with as
many people as possible.
What's my other motivation? I want to
get my materials in the hands of potential customers. There are links
to my other products inside the package...so I get additional backend
sales when other people sell the product. By licensing off this
product, I may lose out on a little income from it, but I gain all
that income on the backend with no advertising expense or risk.
2. Have 3+ Experts Hold a
Teleconference Together.
Team up with other experts and hold a
free teleconference where each of you shares several of your best
tips on the subject. After you share your tips, make a free or low
cost offer to get people to respond at your site.
All the experts on the teleconference
let their subscribers know about the event. I recently added 300+
free subscribers to my list through a teleconference like this. How
could you hold a win-win-win teleconference in your niche?
3. Create an autoresponder message to
add to their series.
Many business owners are using some
type of email follow-up now. If your potential JV partners aren't
willing to do a full mailing for you, you could suggest they simply
add your already written email simply be added at the end of their
current follow-up series. No cost for them...only a minute of work to
add it in...and you send them their share of the money from now on.
I love long-term consistent money, so I
especially like this method even when someone does a mailing for you.
Most people concentrate on the one-shot promotions and income. If you
get your email added into a high traffic email series, you can create
sales every day...not just one time.
If you come accross a business person
who doesn't have an email series, you could offer to give them a
basic one that thanks their customers and then makes your backend
offers.
4. Write a product review about their
product that their affiliates can use.
A key to getting joint ventures is to
fill in the gaps and offer value to the people you want to joint
venture with. You want a relationship with that well known expert in
your field. Offer to do something for them...such as writing an
exclusive article just for them or writing a product review about
their product. They get valuable content that increases their sales.
What do you get? You get exposure in
front of their whole audience. You get the byline and resource box as
the writer. In the resource box you offer something from your site (a
freebie to get them on your list). You also now have an established
relationship with them for your future joint ventures offers.
5. Do direct mail to their customers
for your product.
It's sad. Sending out a snail mail
piece to your Internet customers can create dramatic profits, but
many people simply don't do it. They refer to themselves as "Internet
businesses" thinking that their whole business is online. That's
why I always use the term "Internet based business" as no
business should ONLY promote online. The Internet is a marketing
tool, not your entire business.
This of course creates an opportunity
for you. Go to a popular business in your niche and offer to mail
your offer to their clients. They can handle the list if they like,
or they can let you do it all...under the understanding you will not
use or keep their list for anything other than the one-time agreed
upon mailing. You put together a sales package and mail it out using http://www.usps.com/netpost and split whatever profits occur above
the mailing expenses.
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Terry is focused on generating unique
ways to increase sales, traffic, and online income. Pick up his 4
Free Reports including, "10 Key Strategies to Earn More, Work
Less, and Enjoy Life" and "The Million Dollar Resource
Report" containing 112 online business resources to grow your
business at http://www.theterrydean.com
