This will cost you nothing to do, but could be worth its weight in gold. Try it.
Find someone who isn't a direct competitor, who already sells to the same customers you want to sell to. Contact them and offer to joint venture with them. They provide their list, or agree to send a mailing promoting your product, or agree to otherwise cross-promote your product or service to their current customer base in exchange for a piece of the action. Maybe 15, maybe 30, maybe 50 percent of the total profit their list generates.
POWER UP...figure out the marginal net worth or lifetime value of a customer. If each customer represents a certain dollar amount of repeat business to you, then figure out if you can possibly afford to offer the above JV partner(s) a 100% commission on the first sale. If so, do it...you'll make your offer that much more irresistible to them
It's free, and you only pay for results.
Expert Mode:
Go to your competitor and ask them what do with their unconverted leads. If they say "we throw them away", offer to buy them off of them on a contingency basis. Those people obviously needed a product or service in your space if they reached out to your competitor. It could be that their offer did not meet their needs, but yours will! Offer to pay your competitor a commission for each (previously discarded, worthless) lead you convert. It's win-win! :icon_super:
Now that you've demonstrated to them what is possible, what are you doing with your unconverted leads? Throwing them away? :eusa_naughty:
Either of these can be reversed once you've demonstrated the effectiveness to your new JV partners, and you can begin providing their products and services to your already loyal customers, creating additional back-end revenue streams.
Now get out there and do it!
Find someone who isn't a direct competitor, who already sells to the same customers you want to sell to. Contact them and offer to joint venture with them. They provide their list, or agree to send a mailing promoting your product, or agree to otherwise cross-promote your product or service to their current customer base in exchange for a piece of the action. Maybe 15, maybe 30, maybe 50 percent of the total profit their list generates.
POWER UP...figure out the marginal net worth or lifetime value of a customer. If each customer represents a certain dollar amount of repeat business to you, then figure out if you can possibly afford to offer the above JV partner(s) a 100% commission on the first sale. If so, do it...you'll make your offer that much more irresistible to them
It's free, and you only pay for results.
Expert Mode:
Go to your competitor and ask them what do with their unconverted leads. If they say "we throw them away", offer to buy them off of them on a contingency basis. Those people obviously needed a product or service in your space if they reached out to your competitor. It could be that their offer did not meet their needs, but yours will! Offer to pay your competitor a commission for each (previously discarded, worthless) lead you convert. It's win-win! :icon_super:
Now that you've demonstrated to them what is possible, what are you doing with your unconverted leads? Throwing them away? :eusa_naughty:
Either of these can be reversed once you've demonstrated the effectiveness to your new JV partners, and you can begin providing their products and services to your already loyal customers, creating additional back-end revenue streams.
Now get out there and do it!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
