Tips for Creating A Joint Venture Marketing Agreement

Before entering into a joint venture marketing agreement, consider the following five steps as a strategic guide for coming up with a plan and agreement that will work for you. Step 1: Research potential partners. Make sure that you do a little research on those you think you might want to reach out to as potential joint venture marketing partners. For example, if you sell printers, you might want to consider partners in the ink industry or maybe even paper distributors. Whatever the case may be, narrow down what it is you are looking for before you decide on who it is you want to work with. Once you have your choices narrowed down, then do some research on who …

Offering Bonuses to JV Partners

If you run an affiliate program, the effort put forth by your affiliates impacts on your profits. The more they market a website, the more views your links will get. This should lead to increased sales. Although an affiliate has some control over the money they make, not everyone puts forth that extra effort. For that reason, you may consider offering bonuses to your affiliates. It seems like a good idea, but is it? Familiarize yourself with the pros and cons of affiliate bonuses and then make the decision for yourself. The Pros of Offering Affiliate Bonuses Your options. Affiliate bonuses come in a number of different formats. You can decide how you want to offer this reward. For example, …

JV Program Managers

If you are interested in increasing sales, you may consider starting your own JV Program. When doing so, you use either affiliate tracking software or the services of a third-party affiliate hosting website. Depending on the products you sell or the type of your business, your affiliates can use sales page templates or graphic banners and text links to promote your company. Regardless, tracking information is imbedded inside. Each time an affiliate makes you money, you both get paid. You get the sale and they get commission. At first glance, it sounds easy to run an affiliate program; there is more to the process though. For starters, you must have graphics for your affiliates to upload. You must decide what …

JV Partners Love Bonuses

If you run a JV partner program, you want your partners to do well. The more links there are going back to your website and the more clicks those links receive, the more sales you get. You rely on your affiliates to generate interest and sales. Unfortunately, not everyone puts forth the same effort. That is why bonuses are a great idea. When properly implemented, bonuses for affiliates can reward your top performers and motivate your underperformers to improve. As previously stated, bonuses provide a source of motivation for all affiliates. They also reward your top earnings. This is very important. Just because an affiliate applies to your program and you give them access to coded banners and links, it …

JV Partner Success

If you run a partner program, training is important. As new JV partners come onboard, they need to learn the ropes. They need to know the rules of the program and familiarize themselves with ways to improve success. This may involve learning about banner placement and internet marketing. As the operator of an affiliate program, it is your job to train your affiliate. The best approach is to have an easy to follow guide. Once affiliates are entered into your system, ensure they have smooth sailing from there. Your affiliates should be able to find the coded links or banners they want within minutes, add them to their website, and publish. Make sure your system is setup correctly and is …