Joint Ventures for Wealth Creation

Almost all of today's billionaires made their fortunes via some kind of joint venture. Historically, joint ventures were formed via mergers, friendships, networks, and alliances. The internet has given rise to joint venture firms that strive to connect online publishers with things that they may sell.

The basic principles behind joint ventures make sound commercial sense. In return for visibility, it is generally cheaper to pay a content-rich website a portion of sales or a charge for incoming visitors.

Content-rich websites are difficult to administer, costly to develop, and often out of date within months. Adding material on a weekly basis might cost between $8 and $15 per post. Managing a 1000-page content-rich site with a newsletter, forum, blogs, and community can be downright demoralizing.

That is why the internet connects content-rich websites with small business initiatives. But, like with everything else, there is a good method and a bad way to start a business.

Programs for Affiliates

Affiliate programs provided by Commission Junction, Click Bank, and Amazon's fulfillment program are among the most popular. These allow the online publisher to choose which items to advertise. In exchange, the small firm obtains a "pre-selling" tool as well as increased traffic.

Not all online publishers, however, are created equal. Many people are unaware of the nuances of pre-selling. They think their only role is to serve as a "place holder" on the internet for the ad to display.

This is infuriating for the small business owner who spends thousands for clicks but only generates a few purchases.

After a few months, most firms throw up their hands and ask, 'Is there anything better?'

Yes, is the easy response.

Collaborations

There are tens of thousands of joint venture options available. There are probably just a few dozen genuine ones. The majority of them are just too expensive for a work from home professional to purchase.

This pushes work-from-home professionals to do things the "old-fashioned" manner. Take some time to browse the internet. If one or two websites provided a high ROI (Return On Investment) for your PPC (Pay Per Click) campaign, go to those websites.

If the website incorporates a forum, blogs, updated material, and mailing lists, the small company owner has struck gold. Inquire with the site publisher about the possibility of a joint venture.

The chances are that Google is not paying them anything comparable to what you are paying the PPC program. If Google charges $.50 per click and the monthly cost is $100, give the publisher $50 - $100.

In many situations, these publishers are content with a guaranteed $20 per month.

Quality

The ability to browse the website and choose the finest content management sites may significantly boost their ROI.

Some of the most popular content management systems charge their own advertising costs. This may make things simpler, but there are ways to provide additional value to publishers.

Enhance the value

Asking the publisher if there is anything you can sell for them is one method to provide value. Many online publishers can quickly create a book. Including it in your 'bundle' may increase their willingness to assist you in selling and provide them with additional links.

Success

The contract governs the success of a joint venture initiative. If the endeavor does not have a formal contract, consider utilizing a service like www.adbrite.com where you may collaborate while using the Adbrite platform to monitor data and develop wealth.

If you want further support, you may benefit from my 30-minute wealth-building session. We'll speak about your financial goals, go through your current plan, and answer any questions in the following 30 minutes. This training will be educational and will help you design a better plan.

Send an email to [email protected] to set up your meeting, and I will contact you.

Thanks

Citrone