2009
Last week, I wrote a blog post titled 5 Reasons Why I Won’t Read Your Joint Venture Proposal and it received tons of buzz. Now that you know the do’s and dont’s of writing JV proposals, here are some top tips on how to increase your chance of getting a YES. It’s the exact same tactics I used to get over 100 JV partners and launched my book to #1 on Amazon last year:
1. Set Up A “Salesletter” For Your Progam
Just like you have a salesletter for your product where you talk about the features, benefits, why you should buy etc, the same applies for JV partners. You’ve got to SELL your affiliate program/JV opportunity – what the product is about, what benefits will they get (commissions etc), how do they sign up etc.
2. Know Your Conversion Rates
You HAVE to test your salesletter beforehand. JV partners will want to know your stats so they know that your salesletter actually converts in the first place. Otherwise they’ll just be wasting their time and resources.
3. Offer A Large Commission
You just have to do a little more than the rest of your competitors to stand out from the crowd. Usually, for digital products, the commission rate is 50%. Why not do more than what’s expected and offer 75%? Or even 100%? In fact, for my eMillions book launch, I offered 100% commission. Yes I gave away all my profits because I know the money is made in the backend.
4. Make It Easy
Don’t let them do all the work, do the work for them. Give them all the ready-made tools such as email copy etc (to some extent even custom-build those promo tools). Put the affiliate link in the email promos for them (so not something like “Replace XXXX with your affiliate link”).
5. Leverage Results
You just need that ONE partner to get everything started. So leverage it by saying something like “Bob promoted it to a list of X number of people and made Y amount” or “So and so is already onboard” (creates social proof). It’s the snow ball effect.
Do you have any joint venture tips? Leave it in the comments section 
Wow. I just started a new site and testing as we speak. I was always wondering how to do a JV and get some great affiliates out there. Thank you very much for your post. It couldn’t have had better timing for me at least. Now I know how to go about getting some JV partners, and the secondary post of why you won’t read my JV offer is great. Putting these two together has already helped me in my search. Thanks again!
this are great tips!
Paul Ubiadas´s last blog post..Miscellaneos Ramblings
#4 is huge. I belong to two subscriptions that are fantastic….the potential is unbelievable. The problem is, it’s a real PITA since they have NO pre-made promo tools.
Dennis Edell´s last blog post..Would Even The Slightest Hint Of Porn Stop You From Advertising?
I am still on a solo trip and do not visualize the need for a joint venture partner in the near future. This post however is informative and I thank you for it.
Nicole Price´s last blog post..Some Risqué and not so Risqué Gift Ideas
knowing and letting them know of the conversion rates is really a vital tip that most people underestimate. That alone can almost net you good joint venture partners.
Melvin´s last blog post..Personal Updates and Ramblings
Been a while since you posted. When can we see new posts?
Nicole Price´s last blog post..Some Risqué and not so Risqué Gift Ideas
Getting to number 5 makes it all downhill. It’s always hard to get that first good partner. After that it just snowballs.
I’m going for JV for my next website. This guide is useful for anyone who is planning for JV.
How to joint venture with you?
Alan´s last blog post..A Taoist temple in Hong Kong
Thanks for those very helpful tips! The # 4 tip will definitely minimize the mistakes committed by our Joint venture partners on posting the right affiliate link.
These are great tips! I would refer to this post when I start doing joint ventures. Thanks Stanley!
Charles – Big Idea Blogger´s last blog post..Are you Brain-Dumping or Communicating?
Now there are so many offers are available in the market that you will have to labour hard to prove yourself as different and comfortable.
Now people wants that everything should be ready made. They just have to remove the wrapper and they will start earning.
So study for them and you will have to teach them as well … how to do the work.
SW @ Quality Squidoo Lens Service´s last blog post..Social Bookmarking Service
To create a successful venture I think both should be benefited equal and should have perfect chemistry among them.
Only giving away bulk commission is not good enough.
ZK @ Web Marketing Blog´s last blog post..Ultimate Blogging Theme Coupon Code – Save $20
I agree with ZK @ Web Marketing Blog, to Offer A Large Commission isn’t good except if you give ebooks or something like that.
I’am looking for one hosting providers to promote one web help desk, any suggestion where to look for partners?
I’ll be soon doing a big product launch, these strategies actually WORK, I’ve tried them, thanks for sharing.