This is part of a series. If you missed the first part of the book about Making $1,000 a Week on eBay, you can read that here. I have a few notes I would like to share on it before we get started.
After reading the last section I want you to familiarize yourself with the marketing inside a book that you would have already purchased.
There is a simple reason why this book is designed like this. When you read a $10 book that you have purchased from someone they are not finished yet. The illusion is to create something bigger so when you read it and go back to the website and purchase more. They sell you on their lifestyle, give you a couple of good ideas… then try to reel you in for life.
Is there anything wrong with this? It depends on the value. If you sell customers something with no value, you are a con-artist. If you provide value… you have a business. I have purchased all of Tim Ferriss’s books. Some have made the claim he is full of crap. However, he provides me value. I haven’t liked everything he created. Not the point… I still bought it.
Just my thoughts… now onward!
As always, the book is in italics, my comments are not (and often in bold).
Understanding Joint Ventures and eBay Sellers
WHAT IS IT?
I’m going to show you how you can make a lot of money by undertaking JV’ (Joint Ventures) with eBay sellers.
You won’t need to have a product – just a list of people to email to offer the product to. I can honestly hope they show you how to do this. Or if you do have a product, you can find a good seller to sell it for you. I can show you how to do this.
Why should they buy it? Because it’ll be a quality product (you’ll have sourced it from eBay) and you’ll be offering it at a vastly discounted price that they cannot get anywhere else.
If you’ve ever seen this best-selling ebook ‘EBay Auction Income Streams’ advertised you’ll know it sells from most websites and on eBay for $24.99.
Now imagine if you really wanted the book and you received an email from a trustworthy eBayer you’d bought from before who offered you this best-selling ebook for just $12.99 you’d jump at the chance and that’s how this system works. And boy does it work well! (Or what if someone gave it to you on their website for free :))
This ebook is going to tell you how to set up your own JV (Joint Venture) with another person. Don’t worry there’s no need for telephone calls (unless you want to) it’s all done by email. It’s just a matter of identifying someone with a list of people to sell to if you’re a product holder or someone with a great product to sell if you’re a list holder. (I am both… what do I do?)
Then you just send them a simple email. (as noted in my previous post)
I was extremely nervous when I first approached a well-known marketer to ask if he’d like to undertake a JV with me. I was positive he’d either laugh at me or blast me for wasting his time.
But ask yourself if you got approached. How would you react? If someone told you could make a lot of money from your own product and all you had to do was agree to sell it below market price. You could then watch TV until your payment of maybe £3000 arrived. (Painting another picture to sell you something else)
How would you feel?
I would be both flattered and grateful.
Of all the JV’s I’ve undertaken – and they make up a substantial part of my yearly income – I’ve not once been turned down. Never. (Another bold statement)
And that’s not because of my business reputation. I’ve done JV’s under different names and through different email addresses when the need has arisen. All this is perfectly above board by the way, since it all goes into the same PayPal account for tax via different email addresses. I’ll tell you how to do that later, too. It helps you sort separate your JV money from any other sales you might have
It’s like doing a bungee jump. The first one is the hardest. Unlike a bungee jump, you end up not with wet pants but with a few hundred quid at least in your pocket.
The key take away from this I would like to point out is the system. Give a product to someone that is selling for X price somewhere and sell it for cheaper, and let them keep part of the profit. This is the Walmart business model. Walmart negotiates their prices cheaper so they can sell them for cheaper. Is this a bad plan? No, it isn’t. It isn’t the preferred plan for me… however, it does work.
Thanks for reading, and stay tuned for the next chapter.