Monday, January 28, 2008

“Seeking a Joint Venture Partner? Do it now, apologize later!”

You’ve started your Ask campaigns and bought Ask domains. What’s next? What other million dollar ideas can you monetize? Read on to find out.

Million Dollar Idea #2: Redirect domain names from your registrar for easy audio referrals. These websites will contain links to audios of what you are talking about. For example, let’s say you’re speaking on a teleseminar. You give listeners the name of your Ask domain which contains an audio file of a previous recorded seminar or product. This is another way to refer people to your products or the products of your joint venture partner.

You need to make sure that you don’t sound like you are trying to earn commission off the website that you refer people to. People don’t want to feel sold to even when you are just earning a commission. You can cloak the commission aspect by referring them to an Ask domain. By going to an Ask domain people can obtain the product you referred them to as well as input their concerns and questions. They will view this as a better trade for their time. They will feel like you are looking out for their best interests, not just for another commission.

Million Dollar Idea #3: Make online proposals to potential million dollar partners. Always make an online proposal in advance. Instead of asking for permission, apologize. This means that you have something to show someone before the proposal. For example, let’s say you want to partner will John Doe. You can buy and set up a domain called AskJohnDoe.com before you approach John Doe.

Then when you do approach John Doe, you will have something to show him. During the proposal presentation you can show him the website and explain how your partnership could benefit the both of you. The worst thing that can happen is that he doesn’t partner with you and you have to shut down the domain. Big deal! Setting up and disabling domains is easy. So don’t be afraid.

By setting up a domain beforehand you are making it easy for your potential joint venture partner to visualize the deal. They can see how you will make money together. They will be able to have concrete proof of how your partnership will work. All the potential joint venture partner has to do is say “yes”.

If the potential partnership says “no” and it doesn’t work out then simply apologize. Take the risk because more often than not your actions will lead to a fruitful joint venture. In fact, you may impress your potential joint venture partner with your skills, tenacity, and savvy.

Basically, you never know unless you ask and the worst they can say is “no”.


Warmest regards,

Matt Bacak

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