Niche Marketing: Broker Your Way To Profits
If you haven't started your own niche business yet because you haven't got a product, here's a business where you don't need one - Joint Venture Brokerage. As a Joint Venture Broker you don't need your own product, customers or a mailing list... All you need to do is learn how to locate complimentary businesses, introduce them to each other and negotiate a deal with them. For doing this you get a percentage of the sales. How It Works If you're not familiar with this niche business, let me give you a couple of examples to illustrate how it works: Example One :
1. A has a product which he wants to get to the market but no list to mail to. 2. B has a list which targets just the right market for A's product 3. The Joint Venture Broker introduces A to B and sets up a deal for B to promote A's product to his/her list. 4. A and B both share the profits from sales of the product. 5. The Joint Venture Broker takes a percentage of the sales for setting up the deal.
Example Two :
1. A and B have successfull products which compliment, but don't compete with, each other e.g. Poodle Clipping and Poodle Training. 2. Both A and B want to expand their businesses but don't want spend anything on new products. 3. The Joint Venture Broker introduces A to B and sets up a deal for A to promote B's product to his/her list and B to promote A's product to his/her list. 4. A and B share the profits from sales of each others' products to their respective lists. 5. The Joint Venture Broker takes a percentage of the sales from each for setting up the deal.
These are very simplistic examples, but as you can see it's a total win/win/win arrangement for everyone involved. The great thing about brokering Joint Ventures is they don't have to be limited to just two parties. As a Joint Venture Broker you could set up deals which encompass multiple businesses and multiple products with each paying you a percentage. Ideal Brokerage Opportunies The ideal brokerage opportunities involve linking together business owners who haven't realized the profit potential that exists between their respective companies, and who possess little to no knowledge on the true benefits of joint venture arrangements. As a JV Broker in this situation you come in as an educator, mediator and facilitator between the two or more parties involved. Depending on the resources available to each business, you could also make some extra profits by performing additional work necessary to the venture. For example, assisting with web page design, copywriting and so forth. Bringing these skills to the project can add an extra measure of security to your role as the middleman. Getting Paid You get paid for your time and expertise in hammering out the details of the venture and helping to make it work. For this you take a percentage of the sales so you need to make certain that you know when and how you will get paid. Although most business people are ethical, there's always an outside chance that the businesses you bring together could try to cut you out of the deal once they realize what they're sitting on. It is therefore in your own best interests to ensure that all the details of the deal are laid out in a formal legal agreement. The sort of thing your agreement should include is the respective contributions and expectations of each party involved in the deal, the respective duties and obligations of each in running the enterprise and how and when each of you are to be paid. In other words dot all the i's and cross all the t's of the deal. (You can find Joint Venture Agreement Legal Forms at www.ilrg.com/forms/jointventure.html and numerous other places online, but I would strongly suggest you seek professional legal advice on your early deals). Joint Venture Brokering is a highly versatile business which can be run on a part or full time basis and produce significant profits for those who take the time to learn the necessary skills and apply them. Copyright © 2005, André Anthony Niche Market Know-How André Anthony owns and operates Niche Market Know-How a resource for beginning Niche Marketers. Visit http://www.nichemarketknowhow.com today to find strategies, tips, tools, products and resources for effective niche marketing. Learn how to become a Joint Venture Broker here : http://www.nichemarketknowhow.com/cap/master-broker.html
Related News
|
 |
|
|
RELATED ARTICLES
Internet Marketing Strategy:The Advertising Co-op
The advertising co-op is an Internet marketing
strategy that should bring sustained financial
success.
Boost Your Web Site Sales
The following strategies are used every day to boost sales from any commercial website. Most are simply common sense whilst others may take some time to master. All will help your site to start generating the income you expect from your online ventures.
Long Copy Secrets - Keys To Mental Engagement
Master copywriter Robert Collier often used a technique to get people to read more of his sales letters. You can use this same technique right now to increase the readership of your web pages and emails.
Reselling Resold Resale Rights
What the heck am I talking about?
Six Techniques to Triple Your Website Hits
Welcome,
Milk Your Winners, Drop Your Losers
In my previous article How To Be 100% Sure That Your New Product Is A Winner We have discussed dropping losers.
A Day in the Life of an Internet Marketer
I have been working on the Internet since 1998 and I often get emails from people that think that working online is an 'easy ride' and won't involve them in much work. Don't get me wrong, working online doesn't have to be hard and it is possible to earn a good income for a few hours work each day. If you want the BIG rewards however, you are going to have to put a bit more effort in.....
After Fifteen Years Or More Of Frustration With Internet Marketing, I Think Ive Found It!
Hello Internet junkies and friends,
Hide and Seek
What's happening to the personal touch on the World Wide Web?
10 Scorching Ways To Heat Up Your Sales
1. Email each visitor a satisfaction questionnaire after they purchase. This will allow you to improve your order system, customer service, site, etc.
Relevancy - The New Black for Online Marketing?
Information Overload
How to Hit the Target for Your Internet Marketing Through 5 Self Help Questions
Recently, I stumbled upon a simple way to hit the target on my Internet marketing strategy for driving potential web traffic to my site. For me, this was an incredible "Ah Ha," because I am not a "techie" and my sales strengths are building relationships and understanding numbers. The Internet by its very nature provides an immediate obstacle to building relationships, but offers opportunities to gather and analyze numbers. And this is where many small businesses and even some larger businesses fail to capitalize upon this potential business strategy in their Internet marketing efforts.
New Form of Click Fraud Discovered
If you use PPC advertising and are in a highly competitive market, you can't afford not to read this.
Viral Marketing! Are You Missing Out?
Many of you are reading this article because you would like to further promote your Internet business and are looking for new ways in which to do this. You have read lots of articles covering various Internet Marketing techniques and are still looking for the "Holy Grail" strategy that will take your website to a higher level. After all, others are achieving this so why shouldn't you.
Secrets To Successful Selling Online
What is the secret to selling online? This is a significant question on the mind of anyone who has ever attempted to market a product or service via the Internet. Some say that communication is the key factor in making a sale, while others argue that finding the right product should be the primary goal. In reality, both of these options are correct, and there are additionally a few more tips that can be practiced to help you succeed in the world of online sales.
What Are 7 Psychological Triggers That Make People Buy?
Did you know that there are seven psychological techniques that literary persuade people to buy?
Take the Guesswork Out of Niche Marketing
Many of us learn from the Gurus that we should identify a niche and dominate it, so we can make money online. They give us brief glimpses about what is to be done, like identifying a niche market by browsing magazines and hanging around in forums and discussion groups to see if we can be hit by an idea brainwave.
Harness the Power of the Internet
Whether you're a service business working to obtain clients, a manufacturer selling products, or a non-profit organization selling your good works, you must spread the word. You must speak up to be heard. Getting a response requires consistent and persistent self-promotion. It is a simple formula: Commit to marketing your services, and business will grow.
How a Multi-Faceted Approach to Site Promotion Can Secure Your Search Engine Positions
Copyright 2005 Tinu AbayomiPaul
Online Sales: 10 Magical Online Sales Tactics To Sell Your Products Faster
There are certain magical tactics that work so well that
when you use them, they can help you sell your products
faster and make more money.
|
