Niche Marketing: Broker Your Way To Profits

If you haven't started your own niche business yet because you haven't got a product, here's a business where you don't need one - Joint Venture Brokerage.

As a Joint Venture Broker you don't need your own product, customers or a mailing list... All you need to do is learn how to locate complimentary businesses, introduce them to each other and negotiate a deal with them. For doing this you get a percentage of the sales.

How It Works

If you're not familiar with this niche business, let me give you a couple of examples to illustrate how it works:

Example One : 1. A has a product which he wants to get to the market but no list to mail to.

2. B has a list which targets just the right market for A's product

3. The Joint Venture Broker introduces A to B and sets up a deal for B to promote A's product to his/her list.

4. A and B both share the profits from sales of the product.

5. The Joint Venture Broker takes a percentage of the sales for setting up the deal. Example Two : 1. A and B have successfull products which compliment, but don't compete with, each other e.g. Poodle Clipping and Poodle Training.

2. Both A and B want to expand their businesses but don't want spend anything on new products.

3. The Joint Venture Broker introduces A to B and sets up a deal for A to promote B's product to his/her list and B to promote A's product to his/her list.

4. A and B share the profits from sales of each others' products to their respective lists.

5. The Joint Venture Broker takes a percentage of the sales from each for setting up the deal. These are very simplistic examples, but as you can see it's a total win/win/win arrangement for everyone involved.

The great thing about brokering Joint Ventures is they don't have to be limited to just two parties. As a Joint Venture Broker you could set up deals which encompass multiple businesses and multiple products with each paying you a percentage.

Ideal Brokerage Opportunies

The ideal brokerage opportunities involve linking together business owners who haven't realized the profit potential that exists between their respective companies, and who possess little to no knowledge on the true benefits of joint venture arrangements.

As a JV Broker in this situation you come in as an educator, mediator and facilitator between the two or more parties involved.

Depending on the resources available to each business, you could also make some extra profits by performing additional work necessary to the venture. For example, assisting with web page design, copywriting and so forth. Bringing these skills to the project can add an extra measure of security to your role as the middleman.

Getting Paid

You get paid for your time and expertise in hammering out the details of the venture and helping to make it work. For this you take a percentage of the sales so you need to make certain that you know when and how you will get paid.

Although most business people are ethical, there's always an outside chance that the businesses you bring together could try to cut you out of the deal once they realize what they're sitting on. It is therefore in your own best interests to ensure that all the details of the deal are laid out in a formal legal agreement.

The sort of thing your agreement should include is the respective contributions and expectations of each party involved in the deal, the respective duties and obligations of each in running the enterprise and how and when each of you are to be paid. In other words dot all the i's and cross all the t's of the deal.

(You can find Joint Venture Agreement Legal Forms at www.ilrg.com/forms/jointventure.html and numerous other places online, but I would strongly suggest you seek professional legal advice on your early deals).

Joint Venture Brokering is a highly versatile business which can be run on a part or full time basis and produce significant profits for those who take the time to learn the necessary skills and apply them.

Copyright © 2005, André Anthony Niche Market Know-How

André Anthony owns and operates Niche Market Know-How a resource for beginning Niche Marketers. Visit http://www.nichemarketknowhow.com today to find strategies, tips, tools, products and resources for effective niche marketing. Learn how to become a Joint Venture Broker here : http://www.nichemarketknowhow.com/ca p/master-broker.html

---

Wealth Is Around The Corner

There are so many simple and achievable ways to make... Read More

Writing An Effective, Profit Producing Ad

One of the biggest challenges for most Internet Marketers is... Read More

How To Profit Using Public Domain Works

The public domain is full of books, journals, literary works,... Read More

No-Holds-Barred Conversations with Dan Lok - Part 2

Question: How to deal with ultra skeptical offline or be... Read More

How To Create Your Own *24/7 Little Sales Machines* In 5 Simple Steps

Here's an astonishing fact guaranteed to excite you...Many successful internet... Read More

Success in On-Line Business

Here is a story of four traders who each started... Read More

Headlines Bring Sales--Where and How to Use Them - Part 2

Headlines are short vital statements to stimulate your potential customers... Read More

Online Advertising Sinks into the Abyss!

Back in the ancient days of 1994 when Mark Andreesen... Read More

Five Steps To Successful Web Marketing And Sales Process!

The basic principles used successfully by brick and mortar storefronts... Read More

The Power of Reverse Advertising

How many times have you heard that posting on FFA... Read More

Why Niche Marketing Yields Good Profits

Have you ever been told to find your niche? In... Read More

Chameleon Advertising: Marketing to Your Niche Markets with Stories

Do you remember how, in days gone by, salesmen would... Read More

The Naughty Niches: Potential Gold Mines or Business Killers?

Okay, so you're looking for new ways to grow your... Read More

The Secret Of Focused Responsive List

Once you have decided on your ideal business to create... Read More

Internet Marketing Basics

Almost all of the articles on Internet marketing lacks coverage... Read More

How to Earn at Least One Dollar for Every Website Visitor

The path toward success in Internet marketing can be a... Read More

Tracking & Troubleshooting for Increased Sales

So many times, online business owners are confused about where... Read More

Fast Forwarding Your Business with Instant Messaging

Instant Messaging is rapidly becoming accepted in the business community... Read More

Automated Selling and Recruiting - A Simple System

Some years ago, on the recommendation of a friend, I... Read More

Free Demographics or Updated Data?

During your search, you may encounter free demographic data. If... Read More

Website Sales: 10 Riveting Tactics To Nail Down Instant Sales

If you learn these website sales riveting tactics, you'll be... Read More

My Dumbest Marketing Blunder And How You Can Avoid It

When I started submitting Ezine articles, I never realized their... Read More

SEO 101... These Tags Really Do Matter

In search of the coveted search engine traffic? Yes? Then... Read More

Boost Your Business in 3 Simple Steps

For all those who still think internet marketing is rocket... Read More

Lead Me On - Learn About Internet Marketing Leads

Every business is engaged in selling something, whether a product,... Read More

How to Get 100s of People into Your Downline(s) in Just a Few Months

I've been "seriously" working the Web since late 2000. I... Read More

Dont Treat Your Business Like a Casino

It's amazing how many people are jumping into the internet... Read More

4 Reasons Why Having Your Own Product is Essential for Serious Marketers

I know what you're thinking, "Why is having your own... Read More

I Too Was An Internet Marketing Junkie!

I spent every waking hour at my computer, looking for... Read More

The 3 Secrets of High Traffic Sites

It seems to be in vogue these days to downplay... Read More

The Free Viral Marketing Technique You Cant Afford to Pass Up

Have you ever seen the movie "Pay it Forward"? This... Read More

The Most Successful Internet Marketing Model - Start with Free Tools, Spend Money Later

There is a particular web site where I regularly place... Read More

The First Steps In Ideal Internet Marketing

The first steps in defining your ideal marketing plan determining... Read More