The Truth About Joint Venture Partnerships
In my previous post, an introduction to joint ventures, I wrote about joint venture partnerships and why they are so important to have in your Internet marketing toolbox.
Today I want to quickly cover one of the biggest objections I hear people make as to why they will not consider joint ventures in their marketing campaigns.
The objection usually goes something like this:
‘Why Should I Enter Into A Joint Venture Partnership When I Can Keep All of The Profits for Myself?’
I hear this question so often, and yes, you can generate traffic to your promotions all by yourself, and yes, you can keep one-hundred percent of the profits.
But, let’s take a deeper look at this using a quick example:
I have an ebook sells for $97. I average 100 visitors a week and sell 4 copies of my ebook making me $388 each week. Not bad!
Now, I ask Mike to JV with me and he agrees at a commission of $57.
Mike now sends me an additional 100 visitors a week and again, I only make 4 sales out of each one-hundred visitors… but I bet you’ve guessed it already…
Even with Mike’s cut of 4 x $57 = $228, I’ve made an extra $160 for doing nothing (other than putting in the time to create the joint venture partnership in the first place).
With the above maths in mind, just imagine if you had an army of 100 joint venture partners all promoting your ebook at a $57 commission per sale. You would make $16,000 in a week. I think you’ll agree that this is what it is truly all about.
Joint Venture Traffic
Another important factor to remember about your joint venture partner’s traffic is that each JV you get on board will have already built up a
relationship with their list of subscribers.
This means, when they send out an email containing a recommendation for your product, their subscribers are more likely to respond by opening the email, clicking on the link and hopefully going on to purchase from you.
This is known as warm traffic. Warm traffic generally converts at a higher percentage than cold traffic because they have been pre-sold the product by someone they trust.
Now you understand the potential of entering into a joint venture partnership be sure to read my other posts on the subject.
To your success,
Karl Foxley
P.s. How would you like to discover the one marketing method that was responsible for bringing me new clients on an almost daily basis without me ever having to go out and sell my services. This course alone will permanently change the way you look at marketing.
Here’s the link: Integration Marketing
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