I still need guest posts, so if you want to have your blog featured in front of more than 950 daily readers, send me an email. The site flip project will still go ahead, my Internet has been pretty shitty lately and I don’t want to start it with me not being capable of updating.
Hey all – still having problems. We recently upgraded our Internet connection to top speed, but for some reason it’s slowed down – anyways, since my parents are out I can’t do much until they get back. I wrote this in Notepad and am copying / pasting it in, and if I have time will do this a little more this week. Uni starts tomorrow though, so I want to start getting ready – if you’ve got the time to write up a short 500 – 1,000 or so word guest post of reasonable quality, send me an email.
When I started out, I didn’t do enough of this – in the last few months though I’ve been involved in more and more joint ventures, so many in fact that these days I don’t have the time to take on any more.
What is a joint venture? Basically, it’s when two (or more) marketers team up on a project that is win-win for both.
Let’s look at an example for you guys. Joint ventures don’t have to be done by experienced marketers – anyone can do them, yourself included.
So, for example…
Newbie A is a great writer, but can’t design or code for nuts.
Newbie B is a great coder and designer, but can’t write.
They team up on a blog, do equal amounts of work, and sell it at after a month and split the profits.
The great thing about a joint venture is that you can do half the work you’d normally do… and treble or quadruple the profits.
The common saying is that two heads are better than one, and this is definitely the case – two people sharing their knowledge and skills. I’ve come across ideas I hadn’t even thought about before, and profitable ones at that just through talking for a few minutes daily with marketers. Ideas that I’ve later put into practise to make myself some money.
There are three types of joint ventures.
Level down. This would be where you’re partnering with someone that has less experience and knowledge with you. Why would you want to partner with someone like that? Well, it can still be profitable.
For example, at the moment simple Wordpress niche sites with a premium theme are selling for a few hundred dollars on Sitepoint. Now, hiring freelancers can be a pain… at the moment, I have enough writers with me churning out content, but for those starting out finding one that is reliable can be extremely difficult.
So, what you can do is purchase the premium theme license, partner with a content writer… and split the profit say 70% / 30% in your favour. For someone that writes at $0.01 per word, ten articles at 300 words would net them $30 – if your site sells for $200 profit, they’ve already doubled the money they’d normally make… for the same amount of work!
In your case, you make money for doing very little work, and don’t have to deal with the hassles of finding a decent freelancer. Work out a few of these kinds of deals, and you’re doing pretty good business.
Another example could be you seeing a decent product, out of the marketing niche – written by (for example) a professional in his / her niche but with little experience marketing online. You could apply common marketing principles, and split the profits – the percentage would be completely up to you.
Same level. You team up with a person that has similar levels of knowledge and skills as you, but perhaps in different fields (see the one can write, one can code example at the top of this post).
For example, you want to start blogging, and would prefer having a blog updated daily… but don’t have the time because of *insert excuse* (school, uni, alternate job, hot girl… etc). You could team up with two other people, and each update ten times a month… and of course, split the profits three ways. Something that could net you a decent amount of money for quite a bit less work on your part.
Level up. This is the same as the level down type of partnership, only you’re taking the other person’s job.
For example, say I’ve written a product about… dog training. Now, I’ve done research, and I’ve come across Marketer X’s site – from which I glean that he has upwards of 10,000 subscribers.
Now my product converts well, and I think his subscribers would be interested… I also currently offer a 50% commission of the product.
Something I’d do would be to contact Marketer X, and tell him about my product – heck, send him a free copy to look over and give him a higher commission. Offering 65% for example, could be enough to make him a tonne of money… and you quite a lot too, considering your product is going out to 10,000 people that hadn’t heard of it before.
Hope the above examples helped you out.
There is only one major rule when trying to initiate a joint venture.
Make sure that you both bring something to the table.
You can’t just go to a top marketer, and say ‘let’s partner up’ … you have to state why a partnership would be beneficial to both parties, what work you’ll be doing etc.
Do not only focus on the money part of it.
I get a tonne of emails saying… promote X to your readers, if 10 people buy this daily you’ll make $X daily, $X monthly, $X yearly… ZZzzzzz. Personally, I want to know how YOUR product will help the people I’m promoting to – if it’s good enough, the money will come.
Expect to do some kind of work.
Whether you’re at the top of the chain or right at the bottom, you will have to do work. Where you are depends on how much you’ll have to do – those at the top may just have to send a simple, 200 word email to their subscriber base; those at the bottom may have to write a few 500 word articles. Remember, as long as you think that work will lead to something productive, you don’t have a problem.
If you have a product, send it over at the start.
I get too many emails asking me if I’d be interested in promoting Product X… without getting to see what Product X is. If you know who you’re emailing, and think they could make a difference, email them your product – either attached or include a download link. In all honesty, I can’t be bothered emailing back asking if I could see the product, as I get too many emails daily.
This is the same as when you’re asking a blogger whether you can guest post (when the opportunity hasn’t been presented to you)… write up your post first, then send it in with the request. If it’s good enough, it’ll go live.
Anyways… hopefully all of the above will help you find the perfect joint venture… where you both make money, in a partnership that benefits everyone. And hopefully I’ll be able to put out a few more posts on here over the next couple weeks! 
September 7th, 2008 at 3:16 pm
I think that teaming up is a great idea. You always need to be a good writer but then you have to have the expertise also. Great blog post and I’m looking forward to reading some of your other articles.
Blogging Millionaire’s last blog post..6 Things You Should Look for in a Blog WebHost
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September 7th, 2008 at 3:39 pm
Good Idea Jason.They say Unity Wins.I believe
Harish’s last blog post..My Future and Present aims in Blogging
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September 7th, 2008 at 3:41 pm
Hey sorry the comment was mistakenly added.Hopefully A good Idea. I hope I will do it with few of my friends.I hope I will succeed in it.Thanx Jason for the Idea.
Harish’s last blog post..My Future and Present aims in Blogging
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September 7th, 2008 at 5:21 pm
Personally, I want to know how YOUR product will help the people I’m promoting to – if it’s good enough, the money will come.
Excellent advice, but it can be difficult to focus on that when you first are starting out. If you really need the money to pay the rent, it’s easy to start thinking short-term.
Minnesota Weekend Getaways’s last blog post..Three Wonderful Art Museums in Minneapolis
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September 7th, 2008 at 5:32 pm
good idea. I think this in underutilized by people.
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September 7th, 2008 at 5:50 pm
Nice to have a post by you again Jason. Good idea on Joint Ventures. It gives a clear example of how a joint venture should be.
Rijke Scholier’s last blog post..Affiliate Forum Marketing
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September 7th, 2008 at 6:03 pm
Joint venture would be very useful in developing good ideas and quality topics.
Great article Jason.
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September 7th, 2008 at 6:23 pm
Will people seek you out, or do I need to go to them in your opinion?
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September 7th, 2008 at 6:53 pm
Jason,
Do you have any thoughts on talkfusion.com
Let me know.
Thanks,
-Almost
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September 7th, 2008 at 7:54 pm
Nice tips, although right partner is so hard to find.
Aleks’s last blog post..Funny picture – Mmmmm
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September 7th, 2008 at 8:12 pm
Finding partners that wont suck you dry is a big issue. I have teamed up with designers before on flipping projects only to find them wanting out at the end and wanting me to pay them off.
This is an issue when a flip takes a little longer than normal and you do not know the profit outcome.
BTW… not a big fan of guest bloggers so far. As many would agree, I come here for your advise, wisdom and personality. These things make your blog sticky for us and make us sit on edge for the next post. Lately I have not been so quick to jump on the posts as they arrive because I know its not you posting.
There’s gotta be some balance or ratio… 3 post by you, 1 by guest blogger. That would do it for me.
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September 8th, 2008 at 2:05 am
Good post. Waiting for your announcements on the Site Flip Project.
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September 8th, 2008 at 2:20 am
Jason, Could you share with us the sites where you meet like minded (read: people intrested in Joint Ventures) people ? I mean, there should be a site or a forum. And please dont say DP
. Does Blog Premiere have a sub forum concentrating on the purpose ?
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September 8th, 2008 at 9:51 am
This is an awesome idea. I think I will defiantely do this. Try and team up with a great designer to design and create a great blog and split the profits equally.
Thanks for the tips jason. This could really change the income I am making online
Ryan @ Smarter Wealth’s last blog post..Build a Successful Blog in Just 2 Hours per Day
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September 8th, 2008 at 12:37 pm
Jason,
I enjoyed your post, but have one concern and that is splitting the money. What steps do you take to ensure that payments are made to both partners. Do you set up new accounts and then just pay your partner out, or are they in charge of the money, or do you write contracts up? It seems like this could be very risky unless you know who you are working with and can trust them completely.
Adam
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September 8th, 2008 at 1:11 pm
Ah. I never have a had a good explanaiton of “join venture” before. I have just known that it’s some kind of a business partnership. Thanks for clearing out. How do you usually find your jv-partners? Or do they all just contact you?
Ps.
You are getting a guest post from me soon, if I get it ready. =P
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September 8th, 2008 at 1:47 pm
Now I really see that it is better to do a JV – but I’m a little iffy on making contracts and all that (not old enough)
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September 8th, 2008 at 3:43 pm
Get a partner is good in the paper, but it could also give a lot of headaches, especially id you don’t know them irl, like him /or you!) losing interest on the project, getting lazy, doing a crappy job etc.
And of course there are other problems. Who gets the domain rights? To which account goes the Paypal money from the sale?
While being a lonely wolf has it’s obvious disadvantages, being a one-man show will quickly tell which area you more productive (design, coding, content creation, marketing…). The rest your can outsource for dirt cheap, although it can take a while to find to find someone who does a good job.
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September 8th, 2008 at 3:45 pm
Greats tips but finding a partner is indeed a great problem
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September 8th, 2008 at 3:49 pm
I am a writer and partly designer but not that good. Anyway, if someone out there is a good designer. And want to help me out.. I am willing to accept..
Nice article jason..
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September 8th, 2008 at 5:09 pm
Pure luck is what we all need sometimes, and of course some tips like these.
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September 9th, 2008 at 4:51 am
Another great article from a great writer. I truly believe you are gifted with what you do. This is the 3rd post that I have read and so far I am very happy with it and learned a lot from it.
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September 9th, 2008 at 3:19 pm
No wonder the corporate world is forever forming joint ventures that are mutually beneficial, it increases the talent pool as also the resources at your disposal.
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September 9th, 2008 at 3:23 pm
I like the point you make at the end; a joint venture does not mean that you can afford to put in less work, only can concentrate on your area of expertize and other areas will get taken care of.
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September 11th, 2008 at 4:11 pm
These are some very good tips but Its very hard for me to find a partner
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September 12th, 2008 at 8:16 am
I totally agree with having a joint venture. If you can each play to your strengths the sky is the limit.
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September 14th, 2008 at 2:24 pm
What topics are you looking for in your guest posts?
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