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Successfully Setting Up A Joint Venture

Joint ventures are a very good way to make money online while taking very little risk. You simply harness the power of an already established marketer and their list to promote your own products. To do this successfully, you need to follow some basic guidelines. We will list some of the most important ones below.

1.Have Something to Offer: Before you approach someone about a possible joint venture, be sure that you have something of value to offer them. Do you have a product, a list, some connection? Be sure that you consider this before you make contact. If you are unprepared, you will likely not get a favorable response.

2.Make Personal Contact: Some people choose to contact potential joint venture partners by email. This is OK. However, it is much better to contact partners by telephone whenever you can. It makes things a bit more personal.

3.How Will Your Offer Benefit Your Partner?:
Carefully consider how your offer will benefit your joint venture partner. Are you going to give them most of the profits? Think about this before you make your phone call. Make sure that whatever you choose to offer really benefits them. They must be able to see the obvious benefit of working with you.

4.Make A Deal: To make the deal really sweet, allow your joint venture partner to offer your product at a really discounted rate to their list. If they see that they can secure a deal for their list and still make money, then everyone wins and they will be more willing to work with you.

5.Make It Easy:
You should make sure that you handle as many details as possible. Make it as easy as you can for your joint venture partner. An easy way to do this is to set up your affiliate program through Clickbank, so that your partner gets paid automatically. If your partner has to do too much work, they may choose not to accept your joint venture offer.

Joint ventures are an easy and fast way to make money online. Partnering with a more established marketer allows you the opportunity to make money without the risks of pay-per-click, or other advertising methods. Once you decide to attempt a joint venture, you will need to find partners to work with.

You can find joint venture partners in many different ways. Approaching people that you have built some type of relationship with at internet marketing forums is a good place to start. You may also want to type keywords related to your product into Google and contact the webmasters of the top ranked websites.  Again, you can shoot them an email, or check their WHOIS information and get their phone number. Call and introduce yourself and explain what you have to offer and how it can benefit them. Remember, you will have to do all the heavy lifting. Make sure that you handle all the details. The only thing that you want them to have to do, is pickup their check.  You will find that some people will turn you down, but you will have a few that will accept your offer. Don't get discouraged, just work with those that are willing to work with you and happily cash your new found earnings.

Article By Kevin Perry

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