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Setting up joint ventures (JV’s) is a great way to enhance your affiliate marketing! Internet marketers frequently come out with new products. They are generally happy to set up exclusive partnerships — that is where you come in! (Note: the JV’s discussed here are usually based around digital products rather than physical ones).
Hopefully, you have been spending time building your niche list. You can use this list as an enticement for product owners to JV with you. You have something they want — a fresh, targeted audience that can lead to many more sales.
You might be wondering what the difference between a joint venture and regular affiliate marketing is. Sometimes there is a fine line, but JV’s are usually arrangements made specifically between you and the product owner. You will generally get first access to promoting the product as well as increased commissions. It can be a very lucrative deal!
There are many different avenues where you might find the opportunity to JV. The best way to do this is to make contacts in your niche. Make it known that you have a list in this niche and that you are a “heavy hitter.” That way, people will think to come to you when they want to promote a new product. There are also certain forums set up with the sole purpose of connecting joint venture partners together. These are particularly prevalent in the internet marketing niche.
You might even find that as your expertise and reach in a niche is established, that people regularly seek you out to promote their products as a special JV partner. Be sure to be very organized about what you do and do not promote. Remember that you want the people in your niche to trust and buy from you, so you need to evaluate each product you will be recommending.
Keep in mind that the JV is all about the relationship! You want your relationship with other product owners and affiliate marketers to be good — especially if they have a far reach in your niche. That’s because you may want to have them promote your own product in the future. If you have already promoted one of theirs successfully, the chances of even the busiest marketers promoting your product will be greatly increased.
The world of Joint Venture partnerships can be very exciting. Whereas your own affiliate marketing efforts through the standard network might be quite powerful, imagine what will happen when you are able to strike up special partnerships with the most respected people in your niche!