A joint venture can be one of most profitable and fastest ways to make money on Internet. It can also destroy your reputation, get you ignored, or worse, accused of spam if you if you don't take proper care to create a valuable offer.There are three things you should NEVER do when creating a joint venture proposal for a potential partner. Below are three things NOT to do, with several tips to help you do it right.
1. Fail to Plan. Before you send out any emails to potential partners, you need to plan your offering, decide who you are going to send it to, and what you expect in return.
First, create your offer. Ask yourself these questions:
What am I going to give potential partner to make him/her want to joint venture with me? i.e. Are you going to give partner a copy of product, do you have bonuses available, what's commission you are paying, are you offering a large one time commission, or a recurring monthly commission?
My rule of thumb is to never offer less than 50 percent. What you want to do is make partner an offer that is not only fair, but more beneficial up front for him/her than it is for you.
Once you know what your offer is, you want to create solo ads, a review, or something that partner can plug his/her information into so that you have something to give him/her when you make offer.
Include affiliate sign up link, and make it as easy as possible to sign up. Also include link to product, as well as tell partner how to get download, membership, or whatever you are selling.
The point is, make it easy. My joint venture partners are busy people. They don't have time to write ads for me, or spend a lot of time getting prepared. They need something they can set up in a few minutes, send it out, and move on. Remember, your potential partners are probably same.
2. Forget to Target Your Market. I get over 500 emails a day. Mind you, they aren't all joint ventures although I get a lot of those too.