Monday, May 05, 2008

The JV Approach Letter

JV’s or joint ventures are a popular way that businesses partner with other businesses and leverage their products and resources to make more money. According to Wikipedia.org a joint venture is “an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise”.

When you approach a potential joint venture partner what you need to do is tell people exactly what the product is, how much money your splits are going to be and how they can contact you. So when I start and go through, what you want to do is say something like, “Hey, my name is Matt and I’m looking for people that are interested in promoting XYZ product which is in this niche” or whatever. Say, “I’m going to pay out this much money per product. Contact me so I can get you started making money now.” Or something like that.

Next, once we get to the point where, after I get done with the questions, submit that and guess what? I’ll send out an email to everybody and let them know about the joint venture. Once that is done you’ll probably get people to contact you and do a joint venture. But what you really need to do is start getting your marketing funnel set up. You need to have it ready just to make it easier on everybody, is write the emails for people to market the product for. If you have the product made, you need to get the sales letter up as soon as possible.

When you get the sales letter up, you need to get emails written to drive people to that page. You want to have them written so you can just hand them to your affiliates and have them send out an email with that offer to their list. It’s a really good way to generate more sales and more traffic. You should also send the same emails to your list as well. But when you do you might want to test out various versions of the emails with your list first and then you can pass along the winning emails to your partners. You may want to say something like, “Hey, here’s some emails that I’ve used for my list. They’ve worked really well. Use these.”

Once you get a few JV deals you will begin seeing an increase in both your traffic and your revenues!

Warmest regards,

Matt Bacak

P.S. If you haven't signed up for myPowerful Promoting Tips yet, then youare really missing out, go here:

http://www.promotingtips.com

P.P.S. Do you want to be updated on the new things I'm doingto market my companies? Then you need to grab a copy of my`Internet Marketing Dirt'. It's now better than ever before!

Go here and get a copy: www.internetmarketingdirt.com

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Wednesday, September 26, 2007

“Do you track these business numbers?”

If you run a business then you know that your numbers are your business. This holds true for Internet businesses as well. You shouldn’t just look at profit. Instead, you need to look at all the numbers in your business as well. This can seem like an overwhelming task. So which numbers should you focus on? Are there certain numbers that you should look at daily, weekly, or monthly? Following are a list of numbers that top Internet businesses examine on a daily, weekly, and monthly basis.

Analyze these numbers on a daily basis:
1. Money levels in bank account.
2. Number of items that were sold.
3. The type of items that were sold.

Analyze these numbers on a weekly basis:
1. Total Revenue from the month till that date.
2. Amount of expenses for the month.
3. Revenue – Expenses = Profit/Loss. Is this number positive or negative?

From a sales perspective (weekly basis):
1. The number of appointments booked by my team.
2. The amount of money brought in by my team.

From a marketing perspective (weekly basis):
1. Search my name on the Internet. How many times is my name out there?
2. The number of subscribers that week.
3. The number of articles that were submitted and created.
4. The number of joint ventures that were created.
5. The number of times I posted to my Blog.
6. The number of back links that I have.
7. Analyze all of these numbers and look at profit and conversions.

Analyze these numbers on a monthly basis:
1. Look at all the numbers from year-to-date.
2. Forecast the numbers for next month.

Do you track these numbers? This is a great guideline to help you examine your business activities each day. You can find areas where you need improvement. For example, are you not setting up enough appointments each week for joint ventures? Is your squeeze page effective or ineffective? Take a close look at your business and see where your strengths and weaknesses exist. Then take care of them and enjoy improved profit and efficiency.


Warmest regards,

Matt Bacak

P.S. If you haven't signed up for my
Powerful Promoting Tips yet, then you
are really missing out, go here:

http://www.promotingtips.com

P.P.S. Do you want to be updated on the new things I'm doing
to market my companies? Then you need to grab a copy of my
`Internet Marketing Dirt'. It's now better than ever before!

Go here and get a copy: www.internetmarketingdirt.com

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