Joint Ventures

Joint Ventures are project-specific partnerships. There are many ways to set these up but here’s one idea. Find other businesses that have comparable products to what you sell. Make sure they are not in direct competition with you. Ask them if they would like to sell their product to your list. You get a 50% cut of gross profits. Everybody wins.

Create Higher Priced Products

Believe it or not, a $20 ebook can be repackaged and sold for hundreds of dollars. Take ebook and expand on it so it’s at least 150 to 200 pages. Record ebook and make CD’s of recording. Add a few bonus materials and now perceived value is no longer $20. You can easily charge $300 to $1,000 for same information properly package. Of course, it goes without saying, that what you sell must be valuable.

By taking these strategies and modifying them to your needs you will tap hidden profits in your Internet business. The money is there waiting for you. Using above five strategies you should double or even triple your gross profits in next 6 to 12 months.

John Anghelache is a copywriter and marketing strategist who develops high-ticket information products. His FREE book “How To Turn Your Expertise And Ideas Into A Business That Can Make You Rich” is available at… www.TurnIdeasIntoProfits.com

4. Who does your business sell to? – This will help you define your market (if any) Try to describe personality of market and why they would want to buy your product. It may provide a starting point for your business’s marketing strategy.

5. How do you want prospects and customers to contact you in regards to product your business is selling? – You may decide that you don’t want prospects to call your home number and you may need a separate phone line or a toll free number. This is part of defining your daily operations and costs.

6. Does your business need a web site? – If answer is “Yes”, then you will want to think about what type of site you want and how you are going to build it.

7. How is business to receive money? – A very important question! Do you have a business checking account to receive checks? Does your business accept Credit Cards? Pay Pal?

8. How does your business make money? – You should know how you can make a profit on product you sell. You should know all of your costs to run business. This way you know how much product you need to sell each month.

9. How much money are you going to spend on marketing? – Marketing your business should be priority and you should realize that you will need a budget to market your product. You cannot sell your product if your market does not know about it. Also, you may want to start out with a very small amount and try different methods until you learn how to market your product correctly.

Asking yourself these basic questions may help you shed light on areas of your business that you may have not taken into account. After all, it can be overwhelming running a home based business. Asking basic but tough questions about your business can help you identify immediate and long term focus of your business and most of all sustain your business until it reaches profitability.