Mr Ed's Online Beginners Guide Is Respectfully Published For Online Business Beginners & Frustrated Internet Marketers. Contact me, I'd Like To Hear YOU..!


"Joint Ventures Explained"
© Edward "Mr Ed" Thorpe

 

 

 

 

When my Son, Walker, was 11 or 12, he wanted to buy a $150 portable basketball hoop.

Trouble was, Walker only had 50 bucks.

But our next door neighbor's kid, Andrew, who is Walker's age, liked to play basketball, too.

Andrew and Walker were Friends who were in the same grade, went to the same school and belonged to the same Boy Scout Troop.

Walker talked to Andrew about wanting to get a basketball hoop.

It turned out Andrew wanted a hoop too, and had 40 dollars to put toward it.

Being a couple of smart kids, they figured they'd pool their money and get one basketball hoop and share it.
 

 
With $100, they still needed to come up with $60 to start playing basketball at home. So what did 2 money shy boys do?

They came up with the following scheme:

They borrowed some supplies from their parents' garages and went around the neighborhood and offered their car washing and waxing service.

It took them one day to get the rest of their money.

The hoop is still sitting out there in my driveway (Walker came in with more money than Andrew...Thus the hoop was parked at his house).

And the hoop? It's still being used. Click Here 2 See My Webmaster and I Shooting A Few Hoops

Over the years, Andrew and Walker have since gone on to use the same concept to get money for a fishing boat, camping equipment, diving equipment, etc.

The concept? Joint Ventures.

Joint ventures can be as simple as what Walker and Andrew did. I don't see any reason to make it more complex. Like Albert Einstein reportedly said, "Simplicity is genius in action!"

Naturally, there are more considerations about using Joint Ventures to Make Money Online with your Internet Home Business, but if you'll keep the following principles Walker & Andrew unknowingly used, you can't go too far wrong:

A successful Joint Venture will have:

  • An existing and trusting relationship.

  • Mutually agreed upon goals.

  • Equitable division of resources and labor.

  • Shared risk.

  • Shared rewards.

That's it. Joint Ventures explained...

In a too complicated world, we often forget to keep it simple, don't we?

PS: To see a fairly straight-forward joint venture site "how-to", click the following link: Joint Ventures

 
Miscellaneous Rules:

 

 
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There are no secrets within Internet/online marketing. None.

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However there are strategies you don't know and could benefit from testing for your business.

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Yet, anyone touting a 'secret' is almost always a jerkoff who is best avoided.

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Most of the online marketers who make their money primarily selling 'how-to-make-money-online' training, do not have your best interests in mind. Don't support them & don't join their affiliate programs.

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In fact, be leery of promoting any affiliate program whose payments aren't made by a 3rd party like Clickbank, Commission Junction, etc. (If only I could collect all the money hotshot IM guru's have owed me from over the years...)

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Selling & marketing to the 'make-money-online' (MMO) niche is about par with courting your brother or sister.

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The majority of your marketing peers in the MMO niche are out to eat your lunch while whispering sweet platitudes into your good ear.

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Plus, this is a fickle niche populated with prospects who soon become 'damaged goods'. Start out with a less demanding niche.

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It's really tempting to go for the quick fix to online marketing success. 

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Doing so will eventually get us endless marketing email sales messages from 100's of self-appointed IM gurus, who will also promote us onto the email lists of their particular circle of jv partners.

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No matter your niche, or your business model, it's all about getting targeted traffic and improving conversion rates by testing.

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Don't rely on one traffic source, for example, Google Adwords.

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Yet, don't test more than one new traffic source at a time. (Unless you have a reliable traffic stats software that you understand and monitor.)

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There are only three ways to make more money: get more customers; sell present customers more 'stuff'; and raise your prices.

Finally:

The IM business success key often overlooked is survival. You must be able to survive until you get your Internet marketing act together. Some people, like Michael Green, was making over $10,000 monthly within his 1st year.

Others, like XXXX XXXXX, spent almost four years falling for the latest online business 'secret'. After wising up and accepting there's not an easy way out of doing the work necessary for success, within six months of tunnel vision on one business model, he was consistently banking thousands monthly.

Like I said, "Anyone can make money online. Even YOU!"
  

About The Author:

Edward "Mr Ed" Thorpe: publishes the 'Online Beginners Guide' (OBG) a generic business and life principles ezine. Readers agree 'OBG' is "Honest, funny, sincere and different." Subscribe: Send any email to: mailto:A1OBG@aweber.com Visit: http://www.OnlineBeginnersGuide.Com

Attention Publishers: You have permission to publish the above article in your opt-in ezine or in your book. Two requirements: changes permitted for formatting purposes & resource box must be included.

 

 

PS: While you're here, why not start getting free delivery of my regular (uh, more like irregular) email newsletter "Online Beginners Guide"?

Although it puzzles the heck outta me, Readers seem to like 'OBG'.  Perhaps you will too...

Thanks for your time, I appreciate it. Edward 'Mr Ed' Thorpe


Disclosure: You should assume all links presented herein, or included in any publication from Lazy Dude Publishing, are affiliate links, and or, are commission-based links, whereby the publisher receives financial compensation should a purchase of product or services be made by clicking on said links. They're not. But we're working really hard to correct this alarming oversight..."Mr Ed"

Disclaimer: The information herein is presented without the assumption of any liability whatsoever by the publishers and the authors for the use of, or inability to use, any or all, of the information within any references, resources, strategies or methods, either implicit or implied, found herein or at any other referenced source.  Any example is for instructional purpose only.  As with any possibility, or any opportunity, there is no guarantee of outcome... i.e. use this information at your own risk. All represented trademarks and service marks are property of their respective owners.

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