Product Endorsement Joint Ventures: Short, Sweet 'n Successful - Part 2
- Author Chonticha Marijne
- Published May 27, 2006
- Word count 491
Once you've found an Internet marketer who is interested in partnering with you, you can give them access to the product for their review and lay out the rest of the plan. The split should be 50-50, after deduction of payment processor fees. Unless you own the product or it can't be found readily elsewhere, you should offer it at a significant discount. The list owner should send out the initial email and any follow up messages. As an experienced marketer, they will know how write an endorsement that is more editorial in style rather than blatant sales copy. The key is to offer the target audience help in solving a genuine problem, rather than trying to sell them a product outright. The people on the mailing list know and trust the list owner, so there are no spam issues to contend with and the JV partner does not have to disclose their valuable list to you. If you agree to offer the product at a reduced price, then it is highly recommended that you set up a separate web page so that you do not lose any orders at the regular price on any existing web pages.
Trust is required between the joint venture partners. To keep things above board, make sure that you provide proof of earnings, for instance by sending your JV partner a screenshot of your sales. If you select PayPal as your payment processor, then you should ensure that you use a separate email address that is unique to your JV to track your earnings. You can also set up a counter on the JV sales page to give your partner a rough idea of the number of visitors and possible earnings and you should also track the clickthroughs to the site with an ad tracking tool. When you've transfered your JV partner their share of the earnings, please make sure that they provide you with a receipt for your income tax return purposes.
If you're not yet convinced of the power of the joint venture, let's take a look at the most obvious benefits:
*A JV can be the start of a long lasting business relationship.
*A JV can increase your credibility if you choose your partner wisely.
*A JV is a low-cost, low-risk method to increase sales.
*A JV can lead to new customers, new leads, new subscribers.
*A JV can net you quick profits within a short time frame.
*A JV can offer you a new distribution channel.
Be sure to treat your joint venture partner as a valued equal and always think long-term. Satisfied partners are more willing to repeat the collaboration in future and good business relationships are invaluable! Provided you do it right, a joint venture will boost your online earnings with a vengeance. Once you realize how profitable and easy it is to set up a joint venture, you will want to replicate the experience over and over again.
Chonticha Marijne enjoys growing her online business from home in Gouda, the Netherlands. Her blog http://www.e-Abundance.com/blog offers articles, tips, tools and freebies for the Internet marketer as well as her popular report "106 Amazing List-Building Tips".
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- How Powerful is 20000mAH Power Bank?
- The Future of E-commerce: Trends in Shopify Subscription Boxes for 2024
- Survey Equipment in Australia: Tools for Precision and Efficiency
- The Transformative Impact of ECommerce on the Airfreight Industry
- What is the difference between ebook cover and book cover?
- The Real Reason Why You Need a Professional Website Designer: Hire a Professional Website Designer on Fiverr
- Meet Sellvia, an ecosystem that includes all the ecommerce, and marketing features you need to start, your business.
- Stay Connected with Beeper Pagers: A Timeless Communication Tool
- How to Design Custom Labels for Your E-commerce Store
- Sustainable Lifestyle Through an Online App Platform
- What Shopify developers can do for your e-commerce
- Equinox Gold Mines Gold Directly to Consumers with New E-commerce Platform
- Affordable Government-Accredited Aged Care Courses for Caregivers
- eCommerce Future: Trends to Watch
- Affordable Government-Accredited Aged Care Courses for Caregivers
- Here is a List of Dos and Don'ts if You Wish to Loan Your Car for Cash in Dorset
- Dermatological Solutions!
- The Transformative Power of Yamaigel’s Certified Gel Eye Masks
- MK Web Celebrates Top Position in Bourne's Premier Web Design Rankings
- Leveraging Branding Assets and SEO in Phoenix for Business Growth:
- Strategies for Getting Invited to Amazon Vendor Central
- Accounting Systems in Sri Lanka: A Comprehensive Overview
- InsightLeap: Helping Amazon Vendors Achieve Greater Success
- Choosing The Right Customer Data Platform (CDP) for eCommerce
- The Future of Cryptocurrency in the Nigerian Financial Services System: A 2024 Perspective
- Driving Business Growth With Retail Returns as a DropShipper
- E-Commerce and AI: A Perfect Match - If Done Right
- Investing in Eternity: The Long-Term Value of Buying Diamonds
- Profit-Driven Strategies for Your Magento Eсommerce Website
- The Shift to Online Shopping: Exploring the Preferences Over Physical Stores