How To Broker JV Deals For Great Profit

Let’s try this hypothetical scenario. Supposing you’re in this position:

1. You don’t have a single cent in your account.
2. You don’t have enough marketing skills to catapult a digital product to the height of prominence.
3. You don’t have a mailing list composed of hundreds, if not thousands, of potential customers.
4. You don’t have any money – at all – to fund the creation and promotion of a digital product online.
5. You don’t have the brand name that commands credibility and immediately increases consumer confidence.

Should you give up on internet marketing? Should you walk away from the potentials of making tons of cash online?

The uninitiated will say, any of the scenarios above – and more so all of them combined – would be enough to make you surrender the dream of making it big online. But what do these people know? Their imaginations are limited. Their fears are doing all the talking.

You shouldn’t be one of them. You shouldn’t lose hope.

All you need is an IDEA.

Yes, an IDEA.

Just one great idea can lead you to an online goldmine, and potentially, a windfall of profits that could come your way.

How can this be done when you don’t have the resources, financial or otherwise, to see your idea into actuality?

Have you heard about joint ventures (JV), dear friend?

Joint ventures are partnerships between online marketers who will pull their resources together for the success of one project. For example, they could promote one product in all of their mailing lists for maximum exposure. Or they could chip in their own products for one mega-package to increase its value and its salability. They could promote this in their respective mailing lists with a system that would allow the members of each list to subscribe in the mailing list of the other members. The effects of this could be long term.

Joint venture partners usually employ some sort of profit sharing scheme which they will agree on beforehand, so that each partner would know how much his share of the pie will be.

Joint ventures are encouraging options for any online businessman for the following reasons:

• They could trim down the expenses since they will be pooling their resources together.
• They could minimize the losses, if ever, since a lot of them would bear the same.
• They could promote the project to a wider audience through their combined number of subscribers.
• Less renowned personalities can piggyback on the credible names of their more popular partners. This is great for branding purposes and for winning consumer confidence.
• Much can be learned from one another, especially from the more experienced partners.

So, given the scenarios in the first part of this article, where could you fit in with a joint venture?

Well, if you have a great idea, you could become a JV broker. JV brokering is one of the few online opportunities that would help you garner a lot of profit without having to invest a single cent… for as long as you have the right connections.

If you have befriended established online marketers, or if you know how to contact them the right way, then JV brokering may be the option perfect for you. All you need, as we have mentioned earlier, is an idea. It may be your own idea, or someone else’s idea and you’d want to help him make it a reality.

With this idea, you could create a proposal. This proposal is what you will present to the prospective JV partners you’d want to pool together. If you proposal is viable and profitable, then there is no reason why your prospects would say no.

How will you get paid? You could be paid directly based on a rate you have stated beforehand, or you could be paid via the profit sharing scheme that the partners would decide on. Either way, you’ll get a piece of a pie.

Not bad for someone who only started with plan, right?

Skyrocket Online Success With Joint Ventures (JV)

You’re an online marketer with a great idea that you know will be loved by your target market. You’re quite certain that it’s going to be a venerable cash cow once it is implemented properly. The problem is, your resources are quite wanting at the moment. For starters, you have yet to establish a credible brand that could instantly win consumer confidence. You will not be able to sell the product that would result from your idea on the strength of your name alone. Also, your mailing list is composed of ten subscribers, all of whom you have painstakingly sought out throughout two years… or even more. More importantly, you don’t have the financial capital to fund the production of your idea.

So, what should be done? Should you give up on your grand idea just like that?

Hold your horses, dear friend. There is a way that you could avail of to have your idea see the light of day.

It’s called joint venturing, or JV as it has fondly been called in the online marketing scene. Joint ventures are partnerships between two or more online marketers, all of whom pool together their resources to ensure the success of a particular project. Once profit is realized, these partners employ a previously established profit-sharing scheme. Everyone who chipped in would be given his just share. And everyone would go home happy.

If you don’t have the resources for the idea you have in mind, you could seek out some online businessmen who would be willing to enter a joint venture with you. Why would they want to partner up with someone like you? Well, there are many benefits that can be had with joint ventures which they will find pretty hard to resist.

• Since several people will pool together their resources for a joint venture, the risks can be minimized. Assuming the worst scenario that the project would fail, the losses would be less since it will be borne by several individuals, compared to the losses that can be incurred by a sole endeavor.

• Joint ventures allow online marketers to compensate for missing components in their portfolios. Don’t have a big mailing list? Partner up with someone who has tens and thousands of subscribers. Don’t have the cash to fund production? Seek out someone who has some extra money to invest. Don’t have an idea that can be profitably pursued? Seek out a creative soul beaming with novel concepts that are begging to be exploited.

• Joint ventures help build your brand in the online marketing community. If you’re an intermediate marketer who manages to enter a joint venture with a renowned guru, you’d be able to enjoy an instant boost to your reputation in the industry.

• Joint ventures foster great relationships between marketers. The experience of having worked with each other can blossom into friendship and future partnerships.

There is no reason for an online marketer to refuse whatever helpful contribution you could provide for a project. He may be a well established personality in the industry, and you’re just a cub who’s starting out, but you may possess something that he does not have, and this would make you a valuable part of the team.

The trick, really, is in knowing where to seek out some joint venture partners. If you have a great idea backed up by an equally amazing business plan, then finding willing partners would be easy, if you’re looking for them in the right places.

Here’s a tip. Join online business forums and start posting significant messages. Be a helpful member of the community and build your reputation. Then publish a thread the calls for joint venture partners. Explain to your respondents what you have in mind, and chances are, they’ll be more than interested to get started at the soonest possible time.

Joint ventures prove that in internet marketing, there is no such thing as lack of resources. What can lead to failure in this field is lack of imagination.