assessment

With so many money making opportunities available it can be difficult to choose the one that is right for your needs.

 

 

The first thing you need to decide on is what you are actually looking for in an online business. rainy day money

Do you want to replace your current full-time job or business or just earn some extra retirement or rainy day money.

It’s important to recognize your own needs so you can match opportunities to meet those needs the best.

What you will be looking for will be different depending on what you’re after. There are various business models to consider, E-commerce, network marketing, affiliate marketing, among others.

To help you find a model or system that will provide what you need and want in an internet business it’s a good idea to write down a list of questions you need answers for, such as these:

* How long has this system or program been operating?
* Does it have potential for long-term profitability?
* Who or what is the target audience?
* How quickly will this system start bringing in an income?
* What sort of profit could you expect to make with this program in the first six months?

It’s best not to choose an opportunity because a friend, relative or co-worker has a successful website. Each person’s needs and expertise are different, so the right program will not be the same for every person.

Once you assess your needs and what you have to achieve from a money making website you are ready to review the opportunities available out there. While you don’t have to choose an existing system, looking at what is available will help you select something you would like to do.

It will also assist your assessment of what you need to learn or do to turn your idea of a highly profitable money making website that will help you meet your financial needs into a reality.

Always remember that any business requires some hard work and a time commitment; if an advertised system promises you will make thousands of dollars almost overnight, then be very wary of it.

More information about making money online, you can download the free report from Kathleen Gage TheTruthAboutMakingMoneyOnline.zip

Joint Venture Agreement

Joint Venture

Internet marketers often work alone to generate income for themselves, but sometimes it can be mutually beneficial to form a joint venture with other like-minded folks working on similiar projects.

The ability to spread out effort and risk, while increasing returns, can be somewhat risky, but one worth taking because, if the exercise is successful, you have made a new friend and maybe even developed a permanent working relationship.

As with any worthwhile pursuit there are some core basics and guiding principles that joint venture participants should practice when seeking partners and executing a plan.

Before proceeding, it’s essential to know what a joint venture is. A “JV” is an agreement between two parties each seeking to cooperatively leverage the assets of each other, be it a skill, a product, a trade secret, or a customer or prospect list. In the case of an internet marketer, the agreement usually involves one marketer mailing to the other’s mailing list.

Once it’s been determined that a joint venture will be undertaken there are some fundamentals that should be followed to assure the best outcome.

Assessing your partner is a critical first step when forming a joint venture. Analyzing each other’s strengths and weaknesses and discerning each other’s agenda beforehand will serve to lessen negative surprises later.

You can get a free Joint Venture Agreement form here.

Strategy development is an initial activity where both participants assess the viability of their effort and any potential obstacles to the outcomes they plan to achieve. Concurrently, the partners can set milestones and financial agreements during this period. A 50-50 profit split is most common. In some cases, a newer marketer may forego some of the proceeds in order to establish a presence in their market.

Once these tasks are found to be suitably addressed, the new associates can move on to carrying out the campaign. Of course, this is not a static operation. If time and duration allows, testing and improvement should be ongoing as the campaign proceeds to its conclusion.

Finally, the hopefully happy and prosperous end is reached and various goals realized. It’s important to note that any end-defining milestones should have been during the assessment and strategy sessions. This will prevent misunderstandings and promote further collaboration.

Another pointer is to aim high. Sure, rejection may be the first response, but perseverance rules the day and a big player could be the tipping point to reaching a critical mass of success and security.

Lastly, always operate with a win-win mentality while following the sequence. Do it right, and it will be the first of many join ventures…or the last one you’ll ever need.

For more information, you can get a free copy of “Joint Ventures: Tips for Successful Partnerships” from this link or by clicking on the book below.

Joint Ventures

Free Monthly Websites

Every month John & Dave give away a free website you can use to start your online business. They have all the help you need to get started right there on the site for free.

Patricia Findlay, EzineArticles Platinum Author

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