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Friday, November 8, 2013

Step 8 -- The REAL Moneymaker: Two lists are better than one.

You’ve completed all seven steps.

Now, you’ve got products, sales pages and even a few affiliates. Sales are steady. As we build our list the sales increase. You can see the process is working, but maybe it’s not as fast as you’d hoped. After all, you can only do so much with your subscribers.

Bring out the secret weapon – someone else’s list. If we can connect with players similar to ourselves in similar markets and create a joint venture deal, growth can jump exponentially. Remember that host that we chose carefully? Now’s the time to contact them to warn about increased bandwidth needs, because you’re about to jump into a new league of traffic and sales.

What is a joint venture? There are seminars, books and entire courses devoted to joint ventures. I’ll refer you to Mark Hendricks’ listbuilding course first before I take a crack at describing JVs.

Usually, JVs are special and may have these characteristics:
  • They are probably time-limited
  • Often, they have special discounts
  • They may have special bundles
  • Usually, the partners get special commission rates
  • And the partners probably have larger lists
The keys to successful joint ventures:

1) What can you do for them? Don’t ask people to promote your product without first offering to promote theirs.
2) If you don’t have a big list, do something unique for the partner. Offer a higher commission. Do ALL the setup work for them. Make it easy.
3) Get personal. Make phone contact and if you can, meet the joint venture partner personally. Seminars are great places to do that.
4) Get involved in joint venture sites. Create relationships. Here’s a
couple of good ones:
  • Mark Hendricks’ JVDealmaker
  • Mike Filsaime’s JV-Network
  • Mike Merz’s JV-Notify
5) Contact the people you want to do joint venture deals with. Do this only after you’ve tested your sales material and know your conversion results. Your contact letter should specify:
  • sales conversion rate from a test list
  • dollar amount that the test returned
  • examples of how much money a list of 10,000 (or some other significant number for this partner) could be expected to generate
There you have it – finally, a detailed answer to your burning question:

What are the steps I should take to make money online fast -- with zero budget and no list?

Follow Mark Hendricks’ seven steps and once the sales are flowing, become one of the most sought after joint venture experts in your industry.

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