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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
The Federal Trade Commission today announced two amendments to the Telemarketing Sales Rule . Plastic pushers are producing less paper, per a new report. Mintel Comperemedia, Chicago, reports that "acquisition mail" volume for credit cards fell about 8% from the first quarter of 2008 to the second ... I wanted to be the first to congratulate our federal government for finally dealing with the "do not call" list issue. Telemarketing is a plan, program or campaign with the goal of persuading a consumer into purchasing goods, services or participating in investment opportunities through telephone, with no meeting between the ... "Your auto warranty is about to expire." The first time I got that recorded phone call I tried to figure out which vehicle in my household it could be. K/P Corporation selected the LS640 for its cutting-edge press automation that aligns with the company's goal to provide the most up-to-date offerings to support clients' marketing and communication efforts, ... How often have you heard the words "ask your doctor?" It's usually an ad for the latest drug, right? Well now representatives of a health screening company are direct marketing to consumers, and they don't ... Unica Corporation , a leading global provider of enterprise marketing management solutions, today announced that top European brands including Banco Santander, Michelin, Generali, Sofinco, LexisNexis, Varta, ... Each year, individuals are chosen to receive this prestigious honor for their accomplishments in marketing to customers, donors, and/or prospects, and for breaking new ground with creative, response techniques, ... With the Sept. 30 inception of Canada's National Do Not Call List rapidly approaching, many circulators are bracing for what could potentially be an expensive situation. The nation's mortgage mess has had at least one side effect that consumer will likely welcome: an overall drop in direct mail offers from lenders looking to coax borrowers into new and refinanced mortgages and ... And nearly half say it is their primary channel for promotions, according to a news study from the Direct Marketing Association - MarketingCharts reports . The Pennsylvania attorney general's office said Tuesday it has sued a Baltimore-based telemarketer over what authorities allege is the biggest single violation of the state's "Do Not Call" law since it took ... "Your auto warranty is about to expire." The first time I got that recorded phone call, I tried to figure out which vehicle in my household it could be. Harry & David Holdings has acquired Cushman Fruit Co., based in West Palm Beach, Fla. Third parties are allowed to collect and to forward individual do not call requests to Canadian telemarketers, including to most of those who will be exempt from using Canada's new DNC list , which will go into ... Anyone who's been disturbed at dinnertime by telemarketers may utter a sigh of relief. The deadline for getting on Wisconsin's first No Call List that will include cell phone numbers is fast approaching. There is no denying that 2008 has been a rough year for those of us in direct marketing. |
RELATED ARTICLES How to get an Internet Marketing Education Without Spending a Nickel Do you want to create a passive income? Are you bewildered by all the educational Marketing products out there? Are you on a low budget or trying to escape from a huge debt load?Well, I answered a big "Yes!" to all the above, especially, the last oneMy job sucks. I can barely make ends meet and I have some medical problems which make a "normal" working lifestyle very difficult. If you Sell a Product, Use Online Marketing, Part 2 When you offer your products via an email campaign to get people to visit your Web site, or sell direct through email, you reap many rewards--you create more profit, spend a lot less time promoting and marketing, and get to be known as the leader in your field. 1. The 2 Best-Kept Secrets Of The Internet It's a difficult task creating a website that brings you business. It's a full-time job where things seem easy at first but as soon as you start to explore the possibilities and appreciate the complexity of the task at hand it can soon start taking up ever increasing amounts of your time. Building An Effective Banner Campaign Banner advertising can dramatically help you increase traffic to your web site. Banner advertising can be a very cost effective marketing solution and can help you to gain access to millions of internet users. Why Have An Internet Marketing Business? "The Internet Gold Rush is under way" Bill Gates, chairman Microsoft Corporation.Early settlers understood if you are going to build a community, build it near a permanent, abundant source of fresh water. Internet Marketing - Short Term Strategy After spending a lot of time and effort on building a site, many wonder where they should start with Internet marketing. Site owners can be bombarded with pitches about marketing and it is hard to sort out what should be done. Why Niche Marketing Yields Good Profits Have you ever been told to find your niche? In business, finding your niche can prove both profitable and personally rewarding.Niche Marketing is the key to many successful organizations. Internet Marketing Strategy:The Advertising Co-op The advertising co-op is an Internet marketing strategy that should bring sustained financial success.Benefits from a well run advertising co-op include:(1)Responsive highly targeted advertising(2)Low costHow An Advertising Co-op WorksMembers of the same program pool their money to pay for advertising. Internet Marketing Success Requires a Plan (Part I) The days when you could just slap up a Website and wait for the money to roll in are long gone. Success today depends on knowing your target audience and having an effective strategy to reach them. Niche Marketing the Right Way! Niche marketing is hot these days. Membership sites pop up everywhere inviting you to make tons of money. I Hate Asking for Referrals! - 6 Proven Methods for Getting a Flood of Referrals Without Asking Yes, I admit it - I hate asking for referrals - don't you? Be honest. Doesn't your heart start to pump faster and hands start to sweat even thinking about asking a customer for a referral?If you're like me, you hate to impose on others. How You Can Tap into the Dramatic Selling Power of Testimonials Among the variety of techniques available to you as a marketer, there is one that is virtually guaranteed to increase your business.. Internet Marketing: 10 Blazing Internet Marketing Secrets To Sky-Rocket Your Profits Your turn to succeed has come.I am happy to offer you 10 blazing internet marketing ways to sky-rocket your profits at your website!1. Internet Marketing - Article Announcer Who said marketing on the internet was easy. All the successful marketers have worked long hours plugged into their computers. The Five Golden Keys To Massive Passive Income You can earn a large monthly passive income with a minimum knowledge of the Internet, sales or marketing. In fact, you don't even have to have a website to be successful. Understanding the Power of Viral Marketing Online The story of how Hotmail moved from zero to a couple of million subscribers in a few months is one that is often told in many sites all over the net. However it is a story that many do not quite understand. Network Marketing Online - The Method Network Marketing online works by giving you your own online store and leaving it up to you to get people there. By doing this the company save millions a month in advertising. How to Put Your Bookmark on Top Every Time Do web surfers really bookmark websites anymore? A good friend and very successful marketer online recently said to me, "Ron, bookmarks are a complete waste of time." It was said so matter-of-factly, that we were off onto some other topic in the next breathe. 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. How You Can Use Free Public Domain Content to Drive Hoards of Targeted Traffic to Your Websites There is an interesting phenomenon on the Internet and that is free public domain content. This is content whose copyrights have long since run out, or other information like dates, figures, government forms, and tons of other information. Click here to return to the Internet
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