How to Use Joint Venturing to Make a Crapload of Money!
By Matt Bacak

Any real business person knows that the way to make the most amount of money is to partner with others in similar businesses. If you can leverage your efforts you can make a lot of money. In the online world, partnerships are known as joint ventures. When you reach an agreement with someone to join forces in order to make the most amount of money, that’s often referred to as joint venturing. If you search for the term online by entering the words “joint venture” into any search engines search box, you will find out exactly what it is as well as how you can establish partnerships in order to make a lot of money.

So to better explain joint ventures, let me run you though an example. Let’s say you’re in the dog training niche. There’s somebody out there that has a list in the dog training niche. They have a website with a huge following and a list of already targeted individuals interested in dog training. You’ve got a dog training product. You approach that person and you say, “Hey, listen, I’ve got this product. I’ll pay you 50% of the money of every sale that you make if you send an email out to your list promoting my product”. But you have to make it as simple as possible for your joint venture partner. You can do this by doing all the work for them. Give them the exact email to send, along with the subject line. Tell them to send the email out to their list and let them know that for every person that buys, you’ll pay them 50% in 30 days. That’s the best way to do it.

Basically, the joint venture is going to send out an email on your behalf in order to sell your product. They’re sending out the email to their list and then you’re splitting the earnings. You can do it the opposite way, where you have a list of people that are into dog training, and somebody else has a product that they want you to promote. You could promote their product and get 50% of the sale doing very little. You’d simply send out an email on their behalf. Basically, joint venturing is really affiliate marketing. It’s the same thing. It’s just a sexy word they call affiliate marketing.

Just imagine somebody with a large list sending out a mailing promoting your product! If they mail out for you, you could make a crapload of money. It’s one of the best ways you can ever get people to do something for you. It’s a win-win for both you and your JV partner. If you have not yet considered joint venturing, I highly recommend it. It can make you a ton of money. It’s well worth the effort!

There are many strategies to making money on the internet, but nothing makes sense unless you have a big list. Email Marketing is the most profitable way to make money on the internet. When you build a list of hot and hungry prospects you control your future. Discover how to use the internet and turn your computer into a cash gushing machine. Sign-up right now for Matt Bacak’s FREE online newsletter to find out how to do exactly that – Go here: http://www.promotingtips.com

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How to Get JV Partners to Contribute to Your New Membership Site
By Matt Bacak

If you are starting a membership site, it’s not difficult to find JV partners as long as you know where to go and how to approach them. In this article I’m going to address the strategies that you can use to get JV partners to contribute their products to your membership site so that it adds value to customers along with beating out your competition. If you follow the tips in this article it won’t be such a difficult task after all. As long as you set up your process correctly.

One of the easiest ways to find joint ventures and JV partners is through attending seminars. Seminars are great because you can find people that talk specifically on a given topic. And if this topic is in your niche, voila! You’ve stumbled on something big! The people who speak at seminars already have the information on the topic you want to discuss in your membership site. But if you’re not attending seminars it’s difficult to access these speakers. If you do attend a seminar you can meet them personally. That’s always going to be the best way to do it because you not only save time, but you can add that personal touch and therefore establish the personal contact that you’ll need to get your speaker to say yes.

Once you get a hold of the person you want to cover a topic for your membership site, you need to let them know that you’re creating a membership site. Not only that but let them know that you’re looking for information that they can contribute to your membership site.

If you don’t have the time or funds to attend seminars there are basically two strategies that you can use to find JV partners. One is that you can go and you can search online. As you’re searching online and you find somebody that’s got a squeeze page or an opt-in page, then you’ve pretty much got a winner.

In part 2 of this article I’ll share with you a very good website that will give you access to credible people who can potentially provide some very good information for the members of your membership website. It’s amazing how many resources are available that people don’t know about. But today’s your lucky day because I’m going to share this resource with you. So, lookout for part 2 of this article series titled How to Get JV Partners to Contribute to Your New Membership Site.

There are many strategies to making money on the internet, but nothing makes sense unless you have a big list. Email Marketing is the most profitable way to make money on the internet. When you build a list of hot and hungry prospects you control your future. Discover how to use the internet and turn your computer into a cash gushing machine. Sign-up right now for Matt Bacak’s FREE online newsletter to find out how to do exactly that. Go here http://www.promotingtips.com.

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When you first begin learning online marketing you will devote a great deal of your time focusing on specific, short term milestones to help you achieve your long-term goals. Much of the work in the beginning is quite repetitive but it’s this repetition that will ultimately make you successful.

Once you’ve got the basics drilled into your mind and are beginning to see some of the returns on your investment of study, money, and labor you’re probably going to have a “what next?” moment. For some marketers this moment becomes a mini crisis of sorts. But you can head it off if you begin making intermediate goals early in the process.

Defining Your Internet Marketing Goals

The first goals are often basic goals. Learn this. Do that. Build your online marketing empire one blog post, Squidoo lens, or Hub Page at a time. As your business grows your goals need to grow, change, and expand. You need to be able to define short-term, intermediate, and long-term goals for your business and revisit those goals often to ensure they’re still valid.

How do You Define Intermediate Goals?

Intermediate goals for online marketing need to be three things: specific, aggressive, and achievable.

If you make the goals too simple or easy you aren’t challenging yourself enough and you certainly won’t be living up to your potential. You also run the risk of becoming bored and losing interest or letting your campaign(s) slide. Either of these is bad for your bottom line and should be avoided.

If you make them impossible you’ll get bogged down in the details, frustrated, and might quit right before your business has the chance to really take off. There is a bit of a tight rope walk involved but when you find the right combination of challenge and “do-ability” you’ll have created goals that are going to grow your business at a reasonable rate and you’ll avoid many of the “growing pains” other businesses (online or brick and mortar) face.

If you’re too vague about your intermediate goals while learning online marketing you’ll find that you have destination you wish to chart a course towards. In other words, there’s no direction for your business to go. Vague directions don’t work well on a roadmap and they only lead to confusion when it comes to defining business goals. Be as specific as possible for your goals and the plans you make to meet those goals.

There’s a sort of Goldilocks philosophy to Internet marketing that you’ll need to get a handle on in order to be hugely successful. When you find the path that’s just right for you, your business will really take off. Learning online marketing and developing intermediate goal setting skills are vital to that success.

There are many strategies to making money on the internet, but nothing makes sense unless you have a big list. Email Marketing is the most profitable way to make money on the internet. When you build a list of hot and hungry prospects you control your future. Discover how to use the internet and turn your computer into a cash gushing machine. Sign-up right now for Matt Bacak’s FREE online newsletter to find out how to do exactly that – Go here: http://www.promotingtips.com

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Should beginners/newbies start off with a blog, a website, or both or neither?

Now this is a great question and my personal thoughts regarding this is that newbies should work on creating a squeeze page. The biggest thing that you want to focus on, if you’re new to marketing online is to focus on building your list and building your product. This is absolutely imperative because that’s how you’re going to be making the most money simply because you can sell to these people again and again. Remember, you’ll own the list because your opt-in will allow you to capture the names and email addresses of these prospects. So, I would highly urge you to do exactly that! Focus on building your list of people that are hot and hungry for that product or service you have to offer them.

Another thing I’d highly recommend is that you start looking for joint venture partnerships. Look for people that you can market your business, products and services to and build a relationship with them. Especially if you’re a newbie, start building relationships now, because when you’re ready to launch a product, then you have those people in the bag in order to make that happen.

Do I think beginners should have a blog?

Sure, but only if they can focus all their time and energy on it and systematize it so that they are posting on a regular basis. For example, if you write articles and submit your articles to the various sites out there and then take those articles and you put them on your blog, this makes a lot of sense. Basically, if you are writing articles to submit anyways, you may as well put them up on a blog. However, if you’re considering sitting down and writing specific, special content, specific for your blog, then I wouldn’t recommend it. Why? It’s going to de-focus you at the beginning.

Should a newbie start with articles even before they have a product or a website?

Yes, absolutely. I would recommend writing your articles and using them to drive people back to your squeeze page or a page where you’re capturing people’s information. This will enable you to send them information they are interested in as well as market your product to them. Here are three things you want to focus on, your list, your high ticket product and lastly maybe your continuity, too.
Now, if you ever asked me what would be the quickest way for you to make money, I would tell you by having a high ticket product. It takes the same amount of effort as selling a lower ticket product, but you can afford to sell fewer to make the same money.

Warmest regards,

Matt Bacak

P.S. If you haven’t signed up for my
Powerful Promoting Tips yet, then you
are really missing out, go here:

http://www.promotingtips.com

P.P.S. Do you want to be updated on the new things I’m doing
to market my companies? Then you need to grab a copy of my
`Internet Marketing Dirt’. It’s now better than ever before!

Go here and get a copy: www.internetmarketingdirt.com

The way to structure a joint venture (JV) deal is fairly simple. First of all, if it’s just a JV opportunity like you’re holding a tele-seminar together and agree to split the profits, then really what you want to do is have one person handle the money and then divvy it out through an account that you both have access to. That’s probably the way that I would do it. However in the planning stages get something in writing. You could have verbal emails going back and forth, just stating how everything’s going to work, so that just in case your joint venture doesn’t work out (not saying that it won’t), but you need to protect yourself and have proof of your agreement in writing.

Basically, if I’m planning on having a long-term business relationship with my JV partner I create a corporation with that individual. It may sound extreme but it’s not. This is what I do when I plan on making several deals with this person over a fairly long period of time.

What I do is we open a corporate bank account together. All the money from the merchant account goes into that bank account and then it gets divvied up from there. This is a good this to do because we have the corporation stating who owns what, so that way we make sure that everything’s getting taken care of properly and equally.

Now if you were going to do it what happens is whenever anybody purchases from you, your merchant account will send an email to both you and your JV partner at the same time to let you know that you’ve both got orders. Merchant accounts are excellent at tracking this type of information which makes it fairly simple when doing partnerships like these. However, it also can be taken care of at the shopping cart level. If you share access to a shopping cart, this can also track orders and notify you both of sales. So that’s another option as well.

But one major point I want to make very clear is to make sure that one thing you do when you are splitting the money is that you are taking out the merchant account fees. It will cost you about 3% on the way in for each transaction and 3% on the way out. So, if you have any refunds or anything like that, you want to make sure you take out that money on the way in and the same goes for the money on the way out. It’s really important for you to do that.

Either way,having a system to track orders is the best way to ensure a smooth business partnership where you can easily track what’s going on. This is the best way to keep a tab on your business.

Warmest regards,

Matt Bacak

P.S. If you haven’t signed up for myPowerful Promoting Tips yet, then youare really missing out, go here:

http://www.promotingtips.com/

P.P.S. Do you want to be updated on the new things I’m doingto market my companies? Then you need to grab a copy of my`Internet Marketing Dirt’. It’s now better than ever before!

Go here and get a copy: http://www.internetmarketingdirt.com/