Three,strategies,determine,how marketing Three strategies to determine how to compensate joint ventur
Awhile ago, I got an email from one of the "gurus" I follow and it shocked me. The gist of it was this person wanted to trade services for a household item.To say it floored me would be an understatement.What was worse was a few days later t Automation technologies represent a fundamental aspect of any modern industry. The major types of industrial automation solutions, such as DCS, PLC, SCADA, and MES, are used on a large-scale in process and discrete industries.DCS technologie
Normal 0 19 false false false LT X-NONE X-NONE MicrosoftInternetExplorer4 When you are looking to build your business working with jointventure partners, compensation depends on what type of program you arepromoting. There is a difference in what you should pay for privatecoaching as an example vs. passive income products like a home study kit.1. Private Coaching. With private coaching, you have to doall the work when you get the referral, so the compensation is usually lowerfor your partner around 10%. When I was doing mostly private coaching, Ididnt actually offer a fee, but there were coaches who did offer me the 10%commission if I brought them clients.If you are new to coaching and are working to ramp up and fill yourpractice, you might want to reach out to joint venture partners as oneof your referral sources. Finding businesses who serve the same target as youdo can be a very powerful marketing tool.2. Passive Income. On the other hand, when you are doingpassive income products you have already done all the work. The product hasbeen created and is ready to sell. In this case what you need most is exposureto get more sales. Thats why you reward your partner more richly for theirsales effort on something that doesnt need any additional effort on your part.The fee is often much higher for ebooks and home study programs and can be aslofty as 60-75%.Many information products are sold by affiliate program with ahighly attractive commission fee to maximize the number of prospects who seeit. Your profit comes from the volume sold, rather than worrying abouteach individual sale.3. Group Programs. The third option is working with jointventure partners to sell a group program. You often would promote and conduct acall together, then sell the group program to your partners list. For thisarrangement, the fee is somewhere in the middle, maybe 30% to 50%. Even thoughyoull be running the promoted program alone after the joint call, the numberof attendees is much greater than you could ever get on your own, so its worthsharing the profits.Your Client Attraction AssignmentHow can you decide how much you will pay for a new client? Simply ask yourselfthe question, What am I willing to pay? Would I pay $100? Most people wouldanswer yes to that. Then push the envelope and ask yourself if youd pay$1,000. Depending on what your fee structure, that might be way too steep a cutfor a joint venture partner. Figure out what is in your comfort zone and try itfor a while. See how it works. Youll discover if this is enough to motivatepartners to send you referrals and if it provides the income you want. /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-qformat:yes;mso-style-parent:"";mso-padding-alt:0cm 5.4pt 0cm 5.4pt;mso-para-margin:0cm;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:11.0pt;font-family:"Calibri","sans-serif";mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-font-family:"Times New Roman";mso-fareast-theme-font:minor-fareast;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;}
Three,strategies,determine,how