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
1. Publish an ezine.Your ezine will help you to stay... Read More
Making money online is really easy to do because the... Read More
"E-commerce"A word pervading our society, making headlines around the world,... Read More
These are turbulent times for all businesses - necessitating streamlined... Read More
In search of the coveted search engine traffic? Yes? Then... Read More
I have become involved with many network marketing companies the... Read More
Article Marketing Creates a Steady Flow of Fresh ContentArticle writers,... Read More
Before you set out to explore the online shopping market... Read More
Link exchange is one of the many Internet marketing strategies... Read More
There are books and web sites for the translation of... Read More
Many people work for hours and hours, days and days... Read More
Did that headline grab your attention?I have experimented with many... Read More
I know what your thinking, "what the heck does starting... Read More
If your website sales are down and you desire to... Read More
9/10 times your web site visitors won't stay for more... Read More
In today's world, online advertising is KEY to the success... Read More
The number one concern for Internet sales is your marketing... Read More
Your turn to succeed has come.I am happy to offer... Read More
Internet marketing is a wonderful thing, but it has it's... Read More
Hello, do you feel low because sales at your website... Read More
Generating buzz through word of mouth will help drive greater... Read More
Understanding that the Internet is another vehicle for direct response... Read More
These myths about online marketing. Seasoned marketers and beginners alike... Read More
Yes, apparently - websites are supposed to make money! Somebody... Read More
At times, marketing your business online can seem incredibly complicated.... Read More
Do you want to ignite sales at your website?Do you... Read More
1. Most people like surprises because it's a change of... Read More
I am really fascinated by the world of on-line marketing.... Read More
There are many ways to initiate traffic to your website,... Read More
Do you remember the first time you got on the... Read More
Well, I'd first like to talk about what exactly has... Read More
Late last night I turned on my television and discovered... Read More
How many times have you wondered what magic formula the... Read More
Beware of Internet Consultants, as many of them have never... Read More
Obvious Experts enjoy a compelling advantage over their competition; they're... Read More
Catch the cash on the net?in more ways than one.Thousands... Read More
Niche marketing has always been a key any success in... Read More
Building a home internet business on the web can seem... Read More
There are hundreds of ways that you can promote your... Read More
Although the vast majority of website traffic is the direct... Read More
Analyzing your web traffic statistics can be an invaluable tool... Read More
The other day I had an appointment to meet with... Read More
Why do we buy things? Well, some thing are out... Read More
For large corporations, a marketing plan is a huge document... Read More
There is an interesting phenomenon on the Internet and that... Read More
1. Start a newsletter that people can subscribe to, and... Read More
Do you want an amazingly simple trick to move far... Read More
Everyday people ask me if they will make money with... Read More
Finding a business opportunity on the net is easy. But... Read More
Hi there,It is still scary to see how many internet... Read More
Your turn to succeed has come.I am happy to offer... Read More
"You can make a lot of money on the Internet... Read More
Do you remember as a child having to do something... Read More
The Internet is a practical and accessible tool to build... Read More
You're motivated to run your own business, aren't you?If you're... Read More
1. When you make your first sale, follow-up with the... Read More
A few things I've learned about doing business on the... Read More
I know what you're thinking, "Why is having your own... Read More
Hello Internet junkies and friends,Did I mention my frustration with... Read More
If you have to part with your hard-earned money for... Read More
The business principle of continued contact and online relationship building... Read More
If you have ever studied search engine optimization, then you'll... Read More
Communication is the engine that powers business.It is an important... Read More
Everyone is talking about blogs these days as the magic... Read More
So you have a website that has been a white... Read More
Let me save you, at least, several hundreds of dollars... Read More
Internet Marketing |