Full feed on Posts or Comments 29 March 2024
          

joint ventures Martin Lee on 04 Nov 2005 11:57 pm

Setting Up Joint Ventures – Part 2

In a joint venture (also known as a host-beneficiary relationship), the beneficiary (the one with the product or service) agrees to share profits with the host (the one with the distribution or list) in order to gain access to his network.

Usually, it is appropriate for the beneficiary to add a special offer that is not available to the public. This positions the host as providing ‘value’ to his clients and will help to increase the sales conversion.

One way of doing this is to use discount coupons. These coupons also helps to track the sales so that the beneficiary can allocate profits to the host accordingly.

In today’s update, I will talk about a network 100,000+ consumers/distributors worldwide that you can tap on. There are no initial costs to make use of this network and any fees paid is purely on a performance basis. There are 3 ways in which you can use this network:

1) You (beneficiary) have a product/service (whether online or offline) and are looking for a host to promote your offer to.
2) You (host) already have list of clients or distribution means and are looking for suitable products/services to offer to them.
3) You don’t have anything but have the ideas and flair to recognise and tie-up host-beneficiary relationships.

First of all, visit this site Nice Offers (The two sites Nice Offers and SFI have been under Denial of Service (DOS) attacks of late, so if you can’t access the page, you can try again later). Now, click on any of the offers shown and then click on the coupon link to see what it looks like.

As you can see, this is a site that allows merchants (beneficiary) to upload whatever special promotion they can think of and offer a commision (to the host) on any sale that is made.

The concept seems simple but the real strength of this site is that it is part of a network that has 100,000+ (highly motivated) home business owners. These owners will be constantly browsing through these coupons for either personal usage, or to promote to their clients. (Edited: The niceoffers idea is good but not really well executed. It appears that very few people in the network of 100,000 home business owners are using the site. Thus, results have not been satisfactory.)

The beauty of it is that it will allow you to reach markets that you would never have been able to reach yourselves. And there’s no advertising to pay; only commissions on any sales made.

To use the network in either of the 3 ways, here’s how to proceed:

As a Beneficiary
1) Go to Nice Offers to sign up as a merchant (It’s free).
2) Complete the registration process and you will be given instructions on how to upload your coupons.
3) You can specify your promotion and the amount of commissions you are willing to pay for each coupon.

As a Host
1) Proceed to SFI to sign up as a member of the network (It’s free).
2) Note that SFI is a network marketing company that offers many other products. You can promote them as well but your first main focus should be using the network to set up your joint ventures deals with the coupons.
3) Once your account is created, you can login as an affiliate at Nice Offers to browse through the various offers. You will be to see the commissions that you can earn for promoting the various coupons and select one that is appropriate for your clients.
4) Further instructions will be given at the site on how to give the coupons to your clients.

As a Middle Agent
1) As a middle agent, you can refer merchants to nice offers and get paid royalties for a year or even longer
2) Proceed to SFI to sign up as a member of the network (It’s free).
3) Note that SFI is a network marketing company that offers many other products. You can promote them as well but your first main focus should be using the network to refer mechants to Nice Offers to earn long term royalties.
4) Once your account is created, you can login as an affiliate at Nice Offers to read the faq and see how much royalties you can earn.
5) Instructions will also be given at the site on how to refer merchants to Nice Offers.

I hope that this resource will be beneficial to you. If you take the time to think it through, you may find even more ideas and opportunities of generating additional profit streams for your business.

And if you really like the concept of doing joint ventures and would like to take it to the next level, you might want to have a look at Jay’s JV Mastery Program. This product will be taken off the shelf in about a month’s time and for now, he’s offering a one month free trial whereby you only pay for shipping to evaluate the product. Do have a look.

Technorati Tags:

3 Responses to “Setting Up Joint Ventures – Part 2”

  1. on 21 Sep 2007 at 3:52 pm 1.Thomas Sinfield said …

    Joint Ventures are an interesting topic. I am looking at getting into ebook creation – and joint ventures are essentials. Thanks for the very informative series!

  2. on 22 Sep 2007 at 12:17 am 2.Martin Lee said …

    Hi Thomas,

    If you are going to sell ebooks, a joint venture can be easily set up and administered via an affiliate program.

    If you need any help, feel free to contact me.

Trackback This Post | Subscribe to the comments through RSS Feed

Leave a Reply