I love joint ventures.
They're one of the fastest ways to make money, build your list, or create your products.
But you've got to be careful. There are a lot of joint venture vampires out there.
Everything seems OK when you meet them. They talk a good game. The sound like they're out to benefit you.
You don't know what hit you until you hear them squeel, “Blah…I've come to suck your bank account!”
What are the warning signs? How can you know you're dealing with a joint venture vampire instead of a joint venture broker? What's the difference?
Warning Sign #1: They promise a huge income.
The more money they promise, the more nervous I get. I KNOW every list is different. I know that you can't say just how well a promotion will do until it has been tested to your audience.
Whenever anyone promises some huge figure, that's a big warning sign. They want to get those greed glands working…and for your brain to go blank as you imagine all that money flooding into your bank account.
Big dollar signs can cause people to lose their sense of reason.
Warning Sign #2: Their marketing pieces and emails have lies in them.
You wouldn't be able to tell if they were telling the truth about the product until you check the product out.
So I'm not specifically talking about the product promises here. I'm talking about emails for affiliates to use that say things like, “I just got off the phone with my good friend ______, and he finally agreed to do a special deal just for you.”
Look at those lies flow.
– Good friend – wait, this guy just emailed me. We're not good friends. We're not even friends yet…and likely never will be at this rate.
– Off the phone – What phone? Did you see a phone? They called me? Now I'm forgetting things in my old age.
– Finally agreed to do a special deal – It took a lot of arm twisting to get this deal they already have setup in their shopping cart.
– Just for you – As in no one else has ever gotten this deal – at least not since that other person emailed you 25 minutes ago.
Can you tell I recently got a few “JV proposals” with emails just like that?
From now on anyone who sends me a jv that includes emails like this will get directed to this post. I suggest you do the same.
Warning Sign #3: They don't want you to examine the product.
When you ask to examine a copy of the product, of course you can't…because it's not finished yet.
To me that means they want to test out their concept to MY list instead of their own. They want my customers to be their guinea pigs.
Not going to happen.
When you see these warning signs, act like any smart person does in a horror movie. RUN! Don't look behind that next door!
And if you want to know how to build your business correctly…make use of good, honest joint ventures…and have way more fun online, then check out the Monthly Mentor Club.