How to make R48,000 using other people’s hard work, customers and reputation
Money Making Insider | 8 April, 2010 | Hot Topics:
Get comfortable. Today I’m going to show you a brilliant business strategy that way too few people are grabbing at.
Big businesses have been using this form of partnership since the 1800s, and now it’s time for SMEs and entrepreneurs to catch up.
Interested yet?
I’m talking about Joint Ventures (JVs). In other words, the agreement to sell or market your own products to the consumers on another company’s contact list.
How to find JVs in South Africa…
Most businesses are looking for ways to increase their profit and decrease their effort – and this is just what JVs do for both parties. Visit www.clickbank.com to find companies who are selling similar products to yours. Another great website to find potential partners is www.jointventure.co.za.
Revealed! The simplest (fastest) way to sell any product
You have a product you want to promote. I’ll assume for the sake of this article that it’s an info-related product that you want to have marketed online… maybe something like an e-book or a 12-part course or written advice and information on a hot topic. JVs work very well with these types of products, although you could possibly push the boundaries and market other products in this way too.
Now you need a list of potential consumers to contact with regards to marketing your product. Large, established organisations and marketers already have long lists of clients who are interested in a specific type of product and want to receive information and offers about such items.
So all you need to do is pair up with these already-successful businesses and arrange for them to promote your product to their clients in exchange for a percentage share of the profits of any sales that might arise. You make money faster and at less risk because the customers are proven prospects, and your partner in the venture makes easy money on the side while giving their clients some new products to consider. It’s as simple as that!
Quick! Here’s an extra business opportunity ideas…
If you don’t currently have a product to sell, you can still use JVs to make money. The one way to do this is to meet up with holders of client lists and arrange to source or develop products that are guaranteed to appeal to their customers. Big businesses are always keen for smart ideas and new offers, so if you’re the kind of person who knows how to source a market and meet its needs.
The other way to ride the “JV wave” is to become a JV broker. In this case you would be the one to find entrepreneurs with a product to sell, and link them up with list owners who have keen prospective customers to punt to. You would manage the relationship and make sure the process goes smoothly – for a decent monthly fee, of course. (Usually this would be around 10% of the product owner’s net profits from any successful sales.)
The possibilities are limitless!
Enjoying this article? Sign up for our free daily email, Money Making Insider, to receive the hottest business opportunity reviews, news, scam warnings and money making tips every weekday. Sign up to Money Making Insider.
Chris Densley
Business Opportunity Guru and contributer to Insider Secrets
"Every week, I'll scour my rolodex of industry contacts to bring you the hottest, business opportunity reviews, news, scam warnings and moneymaking tips!"
My rolodex can help you build real wealth in 2011...
Insider Secrets is delivered straight to your inbox! Insider Secrets gives you ideas so ingenious - just one idea you read today could be the one you've been searching for. Packed full of actionable tips and advice from my insider contacts in every field: Business, personal finance, tax, alternative health, sex, careers, and business opportunities...
