It happens all the time. A novice Internet marketer approached an established Internet marketer with a joint venture proposal only to be told, “Sorry, but I’m just too busy right now”. The novice marketer feels like he just got blown off and that the well established marketer didn’t even take the time to hear him out. That wasn’t, however, the most likely case. Successful and established Internet marketers are very VERY busy people. They probably work more hours in one day than others work in two days.

These successful men and women don’t have a starting time or a quitting time built into their days and nights. They probably dream about their projects when they do sleep. When one of them is approached with a joint venture proposal they are certainly interested….joint ventures are their bread and butter but they only have twenty four hours in a day just like everybody else and when they have eighteen of those hours spoken for they really can’t take on another project at that time. It doesn’t mean they can’t or won’t take it on at a later date.

As a new Internet marketer, it would be wise to approach an established and successful Internet marketer with a joint venture proposal that they can plainly see will make them money and not require hours and hours of their valuable time. You need to have done all of the research regarding your product or services’ marketability. You need to show that there is, in fact, a market for your product or service as it relates to their lists. Your proposal needs to be short and simple and your sales letter needs to be top drawer.

The main thing to remember is that successful Internet marketers really are busy people and ‘I don’t have time’ doesn’t mean ‘I will never have time’.

The most powerful way to get a joint venture partner is to do a successful promotion for your potential JV partners product. Imagine you made $2000 worth of sales for a potential JV partners product don’t you think he or she would find it hard even stupid to say no to you!

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No man is an island, so they say, and that saying rings so true in the world of internet marketing. Regardless of what level of success you have attained in this field, the fact remains that you can achieve more – so much more – with the help of other people, more so when those people are established names in the industry.

Such a setup is called a joint venture, JV for brevity. It is, by far, the most profitable option for many, many internet marketers.

Just imagine the credibility a partnership with a respected veteran can provide for a novice. Better yet, imagine the resources at the disposal of established veterans teaming up for one gigantic campaign.

I kid you not. Millions of dollars have been earned through a variety of joint ventures. This has made such an option a very lucrative one. And online businessmen are now on a constant lookout for JVs they can capitalize on.

The Different Kinds Of Joint Ventures

Though the definition may sound simplistic, the nature and execution of joint ventures is hardly that easy. There are many kinds of joint ventures you can pursue:

* JVs for product creation. These are partnerships formed to create a super package with high value that will rock a particular market.

* JVs for list building. These are partnerships formed for the purpose of padding up one’s mailing list with more subscribers. Gold is in your list, after all. The more subscribers you have, the better your chances are of winning some sales.

* JVs for promotion. JV partners sometimes serve as big time affiliates of one another. As such, they strongly push for each other’s campaign, and they will earn a substantially large commission per sale they will manage to refer.

* JVs for brainstorming. Internet marketing is a constantly evolving industry. The next big idea is always quite elusive. But two, three and even ten heads are better than one, and JV partners often join forces to pitch in their ideas in able to come up with that revolutionary campaign that will change the face of the playing field.

* JVs for onetime programs. Wanting to host your own internet marketing seminar? Or perhaps a big fire sale event that aims to generate instant income? Joint ventures are great launching points to ensure the resources you need.

The Bargaining Phase

Not everyone can find a suitable joint venture, of course. As we have previously mentioned, internet marketing is still a “what’s in it for me?” industry. Befriending your prospects is a great step towards the right direction. Being able to build strong relationships is always ideal.

But it will still boil down to what you can offer to the partnership. You must possess any or all of the following commodities in order to ensure a good chance of landing a prominent JV spot:

* A hot selling product you can share to joint projects.
* A sizable mailing list.
* A great reputation in the industry.
* Exceptional aptitude when it comes to internet marketing skills.
* Amazing traffic generated by any or all of your websites.
* A mind bustling with fresh ideas.

It may sound like a job interview, but trust that these are the things your prospective JV partners will be looking for. These are your bargaining points.

Profit-sharing Within Joint Ventures

By default, profit is shared equally by the JV partners, without prejudice to the share of those who have contributed more to a particular undertaking. The following are the profit-sharing schemes often observed in JV partnerships:

* Stated percentage of profit per sale.
* Stated percentage of overall profit.
* Stated industrial fees, which is mostly implemented for JV partners who serve as consultants.
* Barter of resources, like mailing list subscriptions or product rights.

Joint ventures are profitable undertakings. It will serve you well to aim for one during your online career.