Almost everyday without fail, I come across someone on the internet who drastically underestimates the value of his already existing assets and who simply does not know how to make the most money possible in the shortest amount of time. I have always used the power of Joint Venture marketing to create huge profits and win/win situations for everyone involved. However, in my quest for potential strategic partners, I will always run into someone who has a huge mailing/customer list (one of the best possible sources for profitable joint ventures) who finds it more lucrative to charge me $500.00 to $2,000 to advertise to his list. What the list owner doesn't realize is that instead of charging some exorbitant price for advertising, sending a powerful, personal endorsement letter to his audience has the potential to bring in $100,000 to $300,000 in just a few short days. The problem lies in the fact that most people have never been introduced to the profit producing power of Joint Ventures. Done correctly, this form of marketing has the potential to produce obscene profits with little or no overhead for the parties involved. Ezine publishers; website owners who receive large, targeted amounts of traffic; and discussion board owners all have huge audiences who have placed a large amount of trust in them. Instead of asking for what seems to be a lot of money in advertising fees, if they took part in a few high quality strategic partnerships by recommending valuable products and services to their audience they would see their profits skyrocket! For example, assume an ezine publisher has 200,000 subscribers and charges $400.00 to advertise to his entire list. Someone selling a $60.00 product approaches the publisher and offers him 50% of the profits to send a personal recommendation of the product to his list. This product has a proven and tested sales letter that closes 1 out of every 20 targeted visitors (i.e. 1 out of every 20 visitors will buy). Assuming that only 50,000 subscribers visit the site and 1 out of every 20 of those subscribers buys the product, the ezine publisher has then made an easy $75,000. A little better than $400.00 wouldn't you say? This can work for everyone, as long as you have a decent size audience: a subscriber base of 1,000 or more or a website that receives a very high volume of targeted traffic. Naturally, you would only endorse extremely high quality products and services that will benefit your audience. Everyone can share in this powerful and lucrative form of marketing. All it takes is an open mind and a desire to make the most money possible in the shortest space of time with a minimal amount of effort. About the Author Marc Goldman, Goldbar Enterprises |
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