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Friday, May 18, 2007

Ebay Joint Ventures

Joint Ventures

Joint ventures are a great way to make money on the Internet. Some people believe that almost everyone on the Internet is out there looking to scam people, while there are some people like this, there are so many honest people out there too. They share a common goal with you and that is that you both want to make money.

Joint ventures are great ways for both people to make money. Think of it this way, if a person wants to sell something, well they need someone to sell it to. A person may have a good product, but they can’t find a group of people to market it to.

That’s where another person who has the potential to market to a group comes into play. They might not have a product, but they have a group to market it to.

Well they strike up a deal, probably to split the profits down the middle and all the money you make doing this is money you probably won’t normally make. It’s a win win situation.

There are obviously two different strategies for doing joint ventures. There are more ways of doing them, but I’m going to cover the two most common ways.

One way is to build your own list. Remember when I told you earlier about becoming an expert in a certain market. For example becoming an expert on antiques and selling antiques. This will help you build a list that is interested in buying antiques or products about antiques.

You probably don’t want to build a list of people who are interested in gardening and then send them a sports memorabilia product. You might get a few sales, but you always want to sell to people’s interests.

There are a few ways to build your list on eBay. First you should go to www.aweber.com and sign up for an account. They give you a free 30-day trial. One way is to offer freebies. You can write a short report about what ever market you’re interested in.

You put up a link on your me page to link to your report. The catch is that they sign up for your list before they read the report. You can also ask people you sell to, to sign up for your list, offer them the freebie.

Be nice and build good relationships with people on eBay. Tell people that you can teach them a lot about whatever you’re an expert in. People always want to learn about their interests, so they helps you in signing up people for your list.

The other way to do a joint venture on eBay is for you to create a product. Write an e-book about the topic that interests you. Writing really isn’t that bad and if you’re writing about something that interests you, it can be fun, it’s not like you’re writing a book report for school.

Make the book very informative for it’s readers and give away some of your secrets. Give advice on finding good items to buy in your market, on eBay and off eBay.

There are other things that you can sell in a joint venture besides e-books. I’ll leave that up to you, because I don’t know what markets everyone is interested in, be creative.

Once you come up with your product, you need to find a market of buyers to market your product to. A good place to look for a partner is to look for powersellers who sell products in your market.

Once you’ve found one, just send them a friendly e-mail. Show some respect and praise them and then ask them if they would like to make money through a joint venture. You don’t have to tell them all of the details in the first e-mail.

If they are interested, they will send you a reply. That’s when you can get into the details and start talking about a plan of action. They might not know what a joint venture is, so you might have to explain it to them.

People might think that people wouldn’t be interested in doing a joint venture with someone they don’t know. Well there are a couple of factors.

People like to make money. Who doesn’t want a good opportunity to make more money. Powersellers do trust strangers everyday. Besides, if you have good feedback then it will really help your credibility.

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