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Thursday, July 12, 2007

Use This Free Strategy In Your Niche Market

I'm excited to share this with you. After 4 years of marketing online, I found out that this strategy is still effective-- In fact, the effectiveness has increased.

There will be one traffic strategy that will still guaranteed to work in years to come... joint venture marketing or JV, for short.

It's the most powerful concept I've ever known existed.

You see, I've seen traffic method like Google Adwords changed before my eyes. I was bidding at five cents per click for a competitive niche market 3 years ago. There were less than 3 ads competing with me at that time.

Today? The bid price would be at least 5 times more and there are at least 20 other competitive ads for the same keyword.

So I have to leave that game. Since I was relaying 90% traffic from that method alone, my whole online niche business died. Of course, I was being ignorant of not tracking the performance and letting it go on 'autopilot'.

Throw me a strategy that is still working as effective as it was 4 years ago. Of course there will be-- but very few.

If you have doubt on the effectiveness of JV, I want you to learn a lesson here-- Sometimes, you learn not from what the gurus teach you but observing what they are doing.

As long as you're subscribed to some sort of internet marketing list, you would have received email promotions of the latest reports, ebooks or courses that promise to reveal powerful online money-making techniques.

Let me pick an example. You would have seen the crazed of certain ebooks in Clickbank.com that have sold 1,000 or 5,000 copies on the topic of making money from affiliate marketing, Google Adwords, blogging, selling ads, Adsense, etc. Although making money from these techniques are lucrative but they're not as easy and lucrative as using joint venture to promote the course itself and make lots of money in return.

They probably took months or years to learn the money-making strategies taught in the course and execute them to make money online successfully. But it just take days to promote the course by using JV and made the same amount of money or more.

Don't get me wrong. I'm not putting down the courses. I'm just elaborating on joint venture marketing, that's all. In fact, thank God they sell such courses or else you and I will never get the chance to learn new powerful money-making techniques. I'm serious.

But JV is also getting more competitive in niche markets.

You see, more and more people are starting to be aware of niche marketing and the goldmine in it. There is so much money to be made here.

This means the same JV partner that you want to seek might already been approached by several other niche marketers. It's all about timing then. If you're late, you might miss the boat or wait in a long line.

And if you're going into niche marketing by selling a private label rights product, forget about doing JV because you're going to leave a bad impression-- being not original or exclusive. It'll kill your credibility and reputation before you even step in the market.

With all of that said, there's still a massive way to leverage on JV marketing if done correctly-- going for the long tail niche market.

First of all, the potential JV partners will be approached less. You see, the long tail niche market is 'big' in its own way.

Focus on relationship. I would rather have close relation with a JV partner that has highly targeted visitor or subscribers. On top of that, his topic will be much related to mine because it's a long tail.

Do you see the leverage of it if both of us will keep on promoting each other for long term?

Now here's the best part-- You don't stick to just one JV partner only. You get JV partners. If you think the volume is small, think again. How would you know the volume is small? This is not a trick question, my friend. You cannot know the amount of volume from the surface through simple statistical research.

A long tail niche product has something different... it's call exclusivity. I'm sure you can find gazillions of 'how to lose weight' products out there but not too many for "how to lose weight through Yoga" or "daily methods to lose weight for busy working adults".

When a JV partner in a niche market is approached with a unique product, it's easier to get his attention. I mean, if he's already teaching his subscribers and customers about grooming dog, why would he wants to promote another grooming dog product?

Nothing wrong with it but I think he would be more interested to promote products related to dog health, maybe?

At the same time, you're not leaving out other income potential. There is so many other diet sites out there. And I mean sites, not salesletter pages. You see, these sites get a lot of traffic and what you want is to create a relationship for long term instead of the typical one-time email promotion. In a theoretical world, they can always have a banner of yours display on their site or included in their recommended page and so on. Of course this is easier said than done but it's possible because the long tail is just a tail of electrons that never takes up space.

Feel free to leave your Comment if you have gained any value from this post. I'll appreciate that since I read all of the Comments personally. :-)

You "Chan" Do It!

-Patric Chan

P.S: 5 more days to go and I'll be officially accepting 50 new coaching clients. Could be your chance to be one of them-- just like hundreds of people I've taught to make money online part-time or full-time in a niche market. Go now by click here.


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3 Comments:

Anonymous Nigel Pendrigh said...

Patric is right about the impact of JV's

You have to earn the right to a JV, whether that JV is Patric or someone starting out, perhaps like you :-)

You earn the right buy creating a great product or a great list

Good luck and good thoughts and good action

Nigel Pendrigh
Living With Abundance @ http://www.NigelPendrigh.Com

2:41 AM  
Anonymous Marian said...

Thanks Patric, will you do a JV with me? ;-)

Marian

12:00 PM  
Anonymous agus maksum said...

Yes I am Agree with your article about JV strategy, And Please update to become good tips for me

12:51 AM  

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