When you consider all of the different ways to make money online one way that does not immediately come to mind is joint ventures. Let’s talk about a few different ways of forming joint ventures and using the internet to do that.

We will refer to a great article from Stone Evans’ great free ebook “Dotcomology”, The Science Of Making Money Online. You can download all 325 pages for free here right now: Dotcomology

Joint Ventures — Partnering For Success

We’ve already mentioned joint ventures briefly, but in this chapter we’re going to look at these kinds of partnerships in much more detail. I can’t stress enough how important joint ventures are in creating a profitable online business. It doesn’t matter what products or services you’re selling, there are always people that you can partner up with in a way that will bring benefits to both of you, without costing you a penny.

It’s those savings that will boost your profits dramatically. In this chapter, I’ll explain how to find partners, reveal several different joint venture ideas that you can put into practice with your business, and I’ll show you how to keep track of all your deals.

Choose Your Partners

“Selecting the right partners is crucial for the success of a joint venture. As always, the best bets are businesses whose services complement your own. If you’re selling CDs for example, you could do a deal with company that sells audio equipment, or a music magazine; if you’re offering home-made furniture, you could partner up with other home furnishing companies.

Essentially, you want to be sure that you’re both appealing to the same type of market but not directly competing. One way to find partners is to figure out where they advertise. As you surf around sites related to your business, you’ll probably notice
that you keep seeing promotions from the same sites. Those are the kind of people you want to team up with.

In fact, you may not even have to look any further than your email inbox. You probably already get a whole bunch of newsletters from companies in related industries, and are already pretty familiar with their business. So your first choices for joint ventures should be pretty easy to think of, and those may be the best ones too.

If you want to expand the scope of your partners beyond the immediately familiar though, it’s worth visiting Alexa.com. Alexa is a
useful site that ranks other sites based on the volume of traffic they receive. This is very useful when you want to confirm that a potential partner has a relatively high volume of visitors to send you. Alexa can even tell you the name of the webmaster and give you the contact information you need to contact the webmaster.

Of course, it’s one thing to get in touch with a potential partner — it’s quite another to get them to agree. In my experience though, this isn’t really a problem. About 80 percent of the people I contact already know me and understand exactly what I have in mind. Once you establish your position in the marketplace, you’ll probably find that’s true for you also. The whole negotiation takes nothing more than a couple of emails and maybe a five minute phone call.

Even a cold call gets pretty decent results. In general, I start with an email introducing my site and suggesting a partnership. It’s pretty rare not to get a reply, and about half of my proposals result in a deal. So what sort of partnership do I suggest? In practice, that depends on who I’m writing to. Clearly, you want to make sure that you create a joint venture that uses your partner’s strengths to strengthen your own services — and your profits. ”

That is good stuff. When you get the chance read the whole book. Many people charge $97 for a 325 page eBook that Stone is giving away for free.

I personally have found joint ventures happen naturally through the course of doing business online everyday. If you use a website designer, for example, you might want to work out a way to promote him and he will promote you. You could also work with him to develop a product for you and give a percentage of the profits, or even split them.

As you get the wheels turning you will come up with ideas of your own. One idea I had was to start JV With Jeff where I would share some of the best opportunities and tools I use to make money online everyday with my Team-Schuman.com website. You can join most of these for free and have direct access to me to answer any of your questions.

You can learn more about that here: http://www.Team-Schuman.com/jv-with-jeff.html