A joint venture can be one of the most profitable and fastest ways to make money on the Internet. It can also destroy yourreputation, get you ignored, or worse, accused of spam if you ifyou don't take the proper care to create a valuable offer.There are three things you should NEVER do when creating a jointventure proposal for a potential partner. Below are three thingsNOT to do, with several tips to help you do it right.1. Fail to Plan.Before you send out any emails to potential partners, you need to plan your offering, decide who you aregoing to send it to, and what you expect in return.First, create your offer. Ask yourself these Precision Forged Gears questions:What am I going to give the potential partner to make him/herwant to joint venture with me? i.e. Are you going to give thepartner a copy of the product, do you have bonuses available,what's the commission you are paying, are you offering a largeone time commission, or a recurring monthly commission?My rule of thumb is to never offer less than 50 percent. Whatyou want to do is make the partner an offer that is not onlyfair, but more beneficial up front for him/her than it is foryou.

Once you know what your offer is, you want to create solo ads, areview, or something that the partner can plug his/herinformation into so that you have something to give him/her whenyou make the offer.Include the affiliate sign up link, and make it as easy aspossible to sign up. Also include the link to the product, aswell as tell the partner how to get the download, themembership, or whatever you are selling.The point is, make it easy. My joint venture partners are busypeople. They don't have time to write ads for me, or spend a lotof time getting prepared. They need something they can set up ina few minutes, send it out, and move on. Remember, yourpotential partners are probably the same.2. Forget to Target Your Market.I get over 500 emails a day. Mind you, they aren't all joint ventures although I get a lot of those too.The point is this: research your market. Find products,services, memberships, etc. that complement yours. Then you havea market.3. Send Your Offer to the Wrong Person.No one wants to read offers that say, "Dear Publisher", "Dear Friend", or anything like that.The first, and most important thing about creating a jointventure is to make sure that you send it to the right person atthe right email address.

Although I don't recommend it, you can send your joint ventureproposal to someone you don't know provided you have properlytargeted your market. This doesn't mean you can send yourmessage to 100s who just happen to be in your target market.What I recommend you do is this: build a relationship with theperson. Build a lot of relationships with a lot of people. Ifyou have something relevant to say about someone's newsletter,write him/her.I get so many bogus offers that when I get something Iappreciate, or I enjoy, I always write the publisher acomplimentary email. If there's a survey, I answer it. If thepublisher needs help, and I can, I answer. This is how great business relationships are built online. Youwould be amazed at how much others are willing to help you whenyou take the time to get to know them.Finally, unless you know one of the "gurus", and very well, Iwouldn't advise sending them your offer. Most of them alreadyhave joint venture arrangements in place and aren't reallywilling to work with someone they don't know, or who hasn't madeit to "guru" status.

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