Failing to Set Your Joint Venture Up for Success
One of the biggest disappointments with joint ventures or affiliate marketing is when a big partner (or any partner, for that matter) doesn’t come through for you. Unfortunately, it’s an all-too-common occurrence.
People forget. Or agree to more email blasts than they can actually do without their subscribers running for the exits. Or sometimes, their own product launches end up happening near the same time.
That’s why Mistake #2 is Failing to Set Your Joint Ventures Up for Success.
You can’t totally prevent someone from flaking out on you, but here are a few ways you can minimize those chances:
First, JV guru Willie Crawford says to make sure you ask for “reciprocal” promotions–whatever you agree to do, they should agree to do the exact same.
Occasionally, you’ll run into slicksters who say yes, but plan to send your emails to that “junky” list they picked up from a trade show and never use. Or decide to just tweet out your promo via social media.
That’s NOT the same thing because your relationships with ezine subscribers and social media are very different. If you’re emailing your main list, they should do the same.
Check-In Throughout
Second, you should start recruiting partners 6 weeks before a new product launch–but plan to remind and check-in with partners as it gets closer to the launch date.
That way, you may be able to head off problems before they occur.
Check-Up at Show Time
Finally, monitor their actions. If they’ve agreed to email their newsletter subscribers, then sign-up for their list so you see the email(s) that go out. If they’re going to put an ad on their blog, then make a note to check that it’s there.
If they don’t follow through on pre-launch promotions and you’re offering one of their products as a bonus, you can always remove it before the launch.
But even if you have no leverage like that, then you at least know to put them on your “do not call” list for future projects.
Two JV and affiliate mistakes down–three more to go. Look for the next one tomorrow!
Posted: October 27th, 2009 under JV & Affiliate Marketing, Online Marketing, Savvy Marketing.
Comments: 2
Comments
Comment from vincelove
Time: October 28, 2009, 2:25 am
Failing to Set Your Joint Venture Up for Success http://bit.ly/1WJUlU
This comment was originally posted on Twitter
Pingback from How to Make it Hard for Others to Promote You | Compelling Marketing Blog
Time: October 29, 2009, 1:49 pm
[...] Comments Jay on Warrior Forum Internet Marketing Event Raleigh Photosvincelove on Failing to Set Your Joint Venture Up for SuccessMitchellGroup on A 3-Part Strategy for Motivating Clients to Give ReferralsPaul Simister on A 3-Part [...]







Write a comment