Archive for the 'Affiliate Programs' Category

by James Mepp
If you have your very own website and let’s face it, there are a lot of people that do these days, then you’re probably interested in using it to make money online. Well, the question soon becomes, do you want to use it as your primary money making resource, or as another form of income to cope with the drastic rises in living prices? Either way the most commonly used way to generate money online from a website is done through affiliate marketing.

What is Affiliate Marketing?

Affiliate marketing is essentially promoting another person’s products and or services for a commission. In Affiliate Marketing you are given a unique link to the product or service you’re promoting, when somebody purchases said item through your link you are credited with the sale and given a percentage of the sale or a set price, also known as a commission. So in order to make money online, you need to promote said products. The usual way to do this is by placing advertisements on your website.

Relevance of products

Essentially, in order for your promotion attempts to be extremely effective you need your ads to be relevant to the visitors of your website. So for example if you have a website about surfing, then you’re going to be promoting surf boards or surfing products. Obviously, these are very basic strategy to understand and if you ignore it, you won’t be as profitable as you like.
Commission Junction

Commission Junction is the largest affiliate networks in the world, the majority of the world’s largest companies which have an online outlets use Commission Junction. Essentially the products stocked by the advertisers are both physical and digital, an example of a physical product would be a surf board and an example of a digital product would be a surfing movie which would not be shipped to the customer but rather downloadable to their computer. So basically, Commission junction advertisers provide you with banners and other tools to place on your website in order to promote products.

Click Bank

Click Bank only stock digital items, which upon the customer purchasing the item they are given a link in which they can either download it or have access to what they’ve purchased. The difference between Click Bank and Commission Junction is that Click Bank doesn’t stock banner ads to help you promote the products, although some companies will provide some banner ads through their own methods to help you. However, being digital products there is no shipping, creation or labour costs generally associated with physical products, therefore the commissions can be substantially higher.

You may be worried about placing ads on your website, however the financial benefit generally out ways an adverse affects caused by ads. Generally you’ll find that if the ads are relevant to your website, your visitors will not have an issue with them. Furthermore, you may even find yourself helping your visitors by introducing them to something they need. Not to mention, there is potentially a lot of money to be made online with affiliate marketing.

Access your Free Affiliate Marketing Course now and start making money online!

Do you want to Make Money Online? Then visit Bright-Insight to download your Absolutely Free copy of the Affiliate Marketer’s Handbook and start learning how to generate serious cash online. No Strings attached!

Article Source: How To Generate Money Online With Affiliate Marketing From Any Website

by Jasbir Kaur
Affiliate programs are remaining steady in their popularity. Every day, more and more webmasters, just like you are choosing to join one affiliate program or another. There are many different reasons for this, but the biggest reasons remains that it can be a great source of extra money. Then you add on to the fact that there is not a great deal of work involved with this extra money and you have yourself a jackpot of an opportunity. Even so, many people are still trying to determine if affiliate programs are right for them. In this article, we will discuss the many different benefits that can be had by joining programs and each one of these will likely surprise you. First, what is an affiliate program?

These programs surround many different areas of businesses offering services or products. An affiliate program, a method of marketing their company is a way for the business and the affiliate to make money. They offer different avenues of advertising for their affiliate such as text links, banners, email templates and so much more. Each time an affiliate makes a sale via their method of advertisement, they get a percentage of that sale from the company. All you need to do as an affiliate is sign up. In some cases, there is an approval process, but this is generally just to ensure that you have a legitimate, professional website that you are going to be placing their information. Generally, as long as the website is professional and lacks any type of content that may be deemed inappropriate, you are approved.

After approval, you will get access to their marketing materials, such as banners that have already been created for the business. At the same time, you will be given the necessary coding that you need to place it on your website. You put the banner on your website and you are ready to start earning your money. Of course, earning money is the most attractive part of any affiliate program. In general, all programs are different and offer different avenues of making money. For instance, you may receive a percentage of every sale made from your specific identification code, this percentage can be as little as 5% or even as much as 50% in some cases, depending on the pricing, the product, the service, and other elements. Your goal should be to locate affiliate programs that offer a percentage rate that looks appealing to you. The good news is that you have literally hundreds of choices when it comes to finding an affiliate program. There are so many businesses that offer these types of programs that they are almost literally yours for the choosing.

In fact, many webmasters such as you, are turning to using several different programs at the same time, increasing their earning power. In most cases, there are no conflicts with the other programs. However, joining several affiliate programs at once can leave you overwhelmed. It can make it difficult to keep track of your earnings. It is important to be sure that you are aware of your earnings and keeping your own run down of sales for each affiliate program. This will make sure that you are getting what you deserve in the way of payment. However, there is some help with software programs that are dedicated to affiliate traffic, they may be free or you may have to pay a small amount of money to get this program, but it can save you a lot of time, hassles, and money. These are just a few of the many benefits in taking part in affiliate programs. If you have your own website and are looking to make money, you should start with an affiliate program today. Boost your income and start reaping the rewards.

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Article Source: Why You Should Join Affiliate Programs

by James Mepp
Have you ever heard of Affiliate Marketing? Well, if you haven’t you don’t the money you’re potentially missing out on. Basically, Affiliate Marketing is the act of promoting a product and or service in return for a commission of the sale. So how does it work you might ask? When you join an affiliate network, an example being commission junction, you decide on a product you want to promote. These products range from website hosting, printer ink, telephone services practically anything you could imagine. Once you’ve decided, you’re given a unique affiliate link to promote said product. Upon somebody purchasing the product after having clicked on your link, you are credited with the sale. Meaning you receive a percentage of the sale (commission), meaning you receive money, usually via check in the mail.

The next question I bet you’re asking is: why should I become an Affiliate Marketer? The simple answer is for the potential financial benefits. Most people venture into the magical realm of the internet to source another form of income to cope with the rising cost of living. Although, I have heard of some people that join purely for the excitement of it and the chance to be your own boss. However, whatever reason or reasons prompt you to become an affiliate marketer, the benefits outweigh the almost non-existence problems with the profession.

Is it hard to get into? The answer is no. Almost all affiliate networks are completely free to join, if they’re not — then I advise you not to join them. Quite simply, there are countless free resources currently available on the internet to educate you all about how to effectively and efficiently promote affiliate products for the greatest amount of profit possible. An example of which would be bright-insight (link available below) which is a free email course aimed to educate its subscribers all about affiliate marketing. The best thing is that the course is aims toward both beginners and intermediate level marketers.

Access your Free Affiliate Marketing Course now and start making money online!

Do you want to Make Money Online? Then visit Bright-Insight to download your Absolutely Free copy of the Affiliate Marketer’s Handbook and start learning how to generate serious cash online. No Strings attached!

Article Source: Why You Should Become an Online Affiliate Marketer

by Millie Allen
Will it cost you anything to join? Most affiliate programs being offered today are absolutely free of charge. So why settle for those that charge you some dollars before joining.

When do they issue the commission checks? Every program is different. Some issue their checks once a month, every quarter, etc. Select the one that is suited to your payment time choice. Many affiliate programs are setting a minimum earned commission amount that an affiliate must meet or exceed in order for their checks to be issued.

What is the hit per sale ratio? This is the average number of hits to a banner or text link it takes to generate a sale based on all affiliate statistics. This factor is extremely important because this will tell you how much traffic you must generate before you can earn a commission from the sale.

How are referrals from an affiliate’s site tracked and for how long do they remain in the system? You need to be confident on the program enough to track those people you refer from your site. This is the only way that you can credit for a sale. The period of time that those people stay in the system is also important. This is because some visitors do not buy initially but may want to return later to make the purchase. Know if you will still get credit for the sale if it is done some months from a certain day.

What are the kinds of affiliate stats available? Your choice of affiliate program should be capable of offering detailed stats. They should be available online anytime you decide to check them out. Constantly checking your individual stats is important to know how many impressions, hits and sales are already generated from your site. Impressions are the number of times the banner or text link was viewed by a visitor of your site. A hit is the one clicking on the banner or text links.

Does the affiliate program also pay for the hits and impressions besides the commissions on sales? It is important that impressions and hits are also paid, as this will add to the earnings you get from the sales commission. This is especially important if the program you are in offers low sales to be able to hit ratio.

Who is the online retailer? Find out whom you are doing business with to know if it is really a solid company. Know the products they are selling and the average amount they are achieving. The more you know about the retailer offering you the affiliate program, the easier it will be for you to know if that program is really for you and your site.

Is the affiliate a one tier or two tier program? A single tier program pays you only for the business you yourself have generated. A two tier program pays you for the business, plus it also pays you a commission on the on the sales generated by any affiliate you sponsor in your program. Some two-tier programs are even paying small fees on each new affiliate you sponsor. More like a recruitment fee.

Lastly, what is the amount of commission paid? 5% - 20% is the commission paid by most programs. .01% - .05% is the amount paid for each hit. If you find a program that also pays for impressions, the amount paid is not much at all. As you can see from the figures, you will now understand why the average sales amount and hit to sale ratio is important.

These are just some of the questions that needed answering first before you enter into an affiliate program. You should be familiar with the many important aspects that your chosen program should have before incorporating them into your website. Try to ask your affiliate program choices these questions. These can help you select the right program for you site from among the many available.

I have a website http://www.itworks-tryit.comIt is my hope that this site will provide quality goods and services to a high standard. Being an Affiliate is still very new to me but it is my hope that I will become a well known and successful super affiliate with a great repretation for business.My site currently advertises, a page for shopping, starting your own business, weightloss programme, self development programme and free downloads. Get the free audios with M-Power while stock lasts.

Article Source: Which Affiliate Programs to Choose?

by capil003
Do you want to make money through the Internet but you don’t have enough experience or capital to start your own online business? You don’t have to worry, for a lot of online marketing options exist for you to start with. One of these options, and shall I say the best, is affiliate marketing.

Affiliate marketing provides first time online marketers like you the chance to market something online even without having your own product to sell. All you have to do is to sign up with an affiliate marketing program, which is usually owned by an online merchant or retailer, and start picking the products you want to promote. As an affiliate, you are paid by the merchant for your services on a commission basis, that is whenever you have directed a visitor to the merchant’s site and the visitor actually buys something.

Becoming an affiliate in an affiliate marketing program is often quick and easy, and for most affiliate programs, signing up is also free. But despite these and all the benefits being promised by affiliate programs, many people are still hesitant to get into affiliate marketing. One of the reasons why a lot of people remain hesitant is the lack of a website to start marketing his affiliate products with. This now leads us to the question of whether a website is required or necessary in affiliate marketing or not.

Many people say that one can do affiliate marketing even without a website to start with. Actually, one can really start promoting and marketing his affiliate products even without a website; and there exist a lot of ways on how this can be done. In fact, many affiliate marketing strategies that leads to success can exist without actually needing a website. Among these strategies are email marketing, offline promotions, writing e-books, writing ezines and engaging in online discussions like forums, chats, message boards and others.

*Email Marketing

Email marketing, or maintaining email lists, is actually the most popular affiliate marketing strategy that doesn’t require the affiliate to maintain a website. In this affiliate marketing strategy, what you basically do is maintain a list of the email ads of your prospective customers and provide them with articles that are relevant with the affiliate products and programs you are promoting. Articles that you provide your contacts with need not always be promotional, for many individuals find such types of email annoying. Rather, it would be better if you provide them with something informative and just add small text ads that link to your merchant’s site.

*Offline Promotion

There are many ways on how you can promote your affiliate products offline. Among the common medium used for such promotions are classified ads, brochures and flyers. Classified ads would generally work better compared to the other two because classified ads in periodicals often get a wider audience.

*Writing Free e-books

If you have a knack in writing, writing an e-book can be the best way for you to promote your affiliate products in the absence of an actual website. Just like in emails and newsletters, your readers would better appreciate your e-book if it is not too promotional but rather informative. Be sure, however, to make the contents of your e-books relative to the actual affiliate products you are promoting. And just like in email marketing, you can just place text ads or banners somewhere near the end of your e-book that links to the merchant’s site.

*Writing Free Ezines

Ezines are publications or articles that aim to inform individuals about a particular topic. If you don’t have a website and yet want to be an affiliate, you can well use ezines to promote your affiliate products or to insert links to your merchant’s site. If you have a website, your ezine article may actually work well as content for your site. But since you have no website, you can just submit your free ezine articles to various websites that hosts ezines, like goarticles.com, ezinearticles.com and others.

*Online discussions (Forums, Chats, Message Boards, etc.)

With or without a website, you just can’t ignore online discussions because they are great venues for marketing your affiliate products. In chats, forums, message boards and discussion boards with topics related to your products, you can easily find people who may be interested with the products you are promoting.

With all these strategies, it may appear that one really doesn’t need to have a website to start marketing his affiliate products and promoting his affiliate programs. Well, starting in an affiliate program without a website may be easy, but getting successful in affiliate marketing without a website is another thing. While one can actually gain enormous success in affiliate marketing even without a website, it is a rare instance that “newbies” like you can reach the same levels of success.

Having a website is not really a pre-requisite in entering into an affiliate program, unless otherwise the program owner would require you to have one. But while this is so, I would still recommend that you have for yourself a website, if not now, then maybe at a later time. Having a website creates a lot of advantages in affiliate marketing. For one, it provides you a place where you can creatively promote not only one of your affiliate products but all of your affiliate products. With a website, you can also advertise your affiliate products to a wider market.

Again, having a website is not a requirement in affiliate marketing. But with the advantages that a website can provide, I’d rather have one for myself and make affiliate marketing a lot easier for me.

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Article Source: The Affiliate marketing provides first time chance to online marketers

by Sukhjeet Singh
Joint Venture (JV) is comparable to Affiliate Programs, or linking associates. JV however, be at variance of Affiliate Programs, in view of the fact that two people join Intellectual Property (IP), pulling resources together in a solitary trade. Continue below. The JV partners employ each other’s assets to generate revenue to the corporation. Affiliate programs differ, since you provide space on a website to promote a business and receive commissions, or tier income from the associates. You do not sign any agreements, other than a simple Terms & Condition.

Joint Venture alliances involve marketing, selling, producing, etc, i.e. one JV partner markets the other JV owners site and products in swap over for half of the company’s profit generated from the partners promotions.

The partners sign a contract that is in great detail, and defines, verifies, and builds trust before the relationship begins.

The marketer might utilize his skills, which he/she will define in great lengths in the contract. The marketer, e.g. will build links, exchange links, write articles, build web pages that links to the partner, use Search Engine Optimizing strategies, write newsletters and create subscribers, as well as writing ezines to promote the business.

The marketer could write newsletters that send the spectators to the JV partner’s website for promotional purposes. As well, the marketer could enhance and create a center of attention, bringing in higher volumes of traffic returns by promoting the JV partners site through ezines.

The marketer might place reviews on various sites that offer relevant information to the site in promotion.

I point this out, since the details and definition must be outlined thoroughly within the business plans, lists, and contracts signed by you and the JV partner.

The Partners

The JV collaborator will make available information linking to the partners business. The JV partner will make available links, connecting our resources to his/her assets and Intellectual Property, which together we will pull our sources to form a working business relation.

The partner will make available shares and statements of profits generated, i.e. if you do your part and produce sells through your promotional campaign.

At some stage in the agreement, you will make available a draft of a business plan and a list that encloses the details pertinent to the trade.

The information in the body of the documents will show the JV collaborator your aptitudes, achievements, human relations (HR) strategies, corporation strategies, communication expertise, et cetera.

You need to create a rough draft or plan that will leave room for exit and/or termination of the arrangement, i.e. if the partner is not holding up to his/her part in the business affiliation.

You will also need to include a plan for disaster, which comprises strategies to recover promptly when/if a disaster occurs.

In contrast Affiliate programs, the JV line of attack pulls resources together, yet the partners head in the same direction often.

For instance, if you are skilled in marketing you will look for a partner marketing products you are familiar. You will employ your strategies, tools, resources, etc to create returns for the commerce.

You might approach local business owners asking if they demand the products you are marketing, or else you may perhaps endorse the business by enlisting your own website.

You could also generate traffic by adding mini sites, websites, informational pages, and/or reporting pages. Any information should focus on the subject and never mislead or sway the audience in another direction.

If you are on the market for joining JV collaboration, take the steps to become skilled at JV to keep away from stoppage. Read, write, review, and put the wheels in motion while contemplating Joint Venture collaboration in business.

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Article Source: Joint Venture and the Comparison

by Gurudwara Baba
golf industry is a multi-billion dollar market with a global presence. It is responsible for the employment of many tens of thousands of people around the world, and it provides pleasure to millions who love to play or watch the game of golf.

From the management of international golf clubs to the sale of golf-related products, there is a vast array of business opportunities to be found in the golf industry. If you own or manage a business related to the golf industry then you’ll already know what it takes to stake a claim to a share of this market.

However, if you’re just starting up a golf business or perhaps your golf business is not generating the revenue that you originally envisaged, your next (or first) move should be to power-up some joint ventures.

The Power of Joint Ventures in the Golf Industry

Joint ventures is a very powerful concept in any business of as many business opportunities are found in the golf industry. In the golf industry joint ventures can boost sales, create multiple streams of income, help you launch a new golf product and provide you access to a greater proportion of your target market. Not only will joint ventures propel your golf business towards success than knows no bounds, but they give you the potential to achieve personal wealth too!

So, just how do joint ventures work in the golf industry? Here are some suggestions on how joint ventures can generate massive growth for you and your golf business.

1) Sell another company’s golf products: Why not utilize the customer database that you have and arrange a joint venture to sell another company’s golf-related products to your clients in exchange for a share of the profits? This way you expand your product range and this gives you the potential to generate more revenue with minimal effort.

2) Sell your golf products through another company: Joint ventures work the other way round too! Why not establish joint ventures where other companies sell your golf products for a slice of the commission? This way you could break into new geographical markets with your golf products and access more clients.

3) Swap resources: Joint ventures can provide your company with access to resources owned by other companies. These ‘resources’ could be anything from manpower and sales know-how to storage space and state-of-the-art machinery. Basically, anything you need to maximize your sales efforts. In return you could offer the company access to your customer database or advertising space on your web site.

4) Diversify: All successful companies do it! Diversification, whether through product range or customer type, is the key to long-term business success. Joint ventures allow you to find business partners through whom you can bring diversity to your business.
It not only provides pleasure to millions who love to play the game of golf but also gives you the potential to achieve personal wealth too!

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Article Source: Do you want to make money in the golf industry

by Jan Nordvall
Affiliate Program is a system of advertising in which site A agrees to feature text ads or graphic buttons from site B, and site A gets a commision on any sales generated for site B.

In layman’s terms, a direct sales force. You are an independent contractors to selling another person’s products for a percentage of the sales price It is most often for free that register affiliate for company. Major Types of Affiliate Programs Pay Per Click Pay Per Sale Pay Per Lead

Pay Per Click: This type of advertising was quite popular a few years ago but with a few exceptions has basically vanished from the face of the earth. Sure you can find some companies who will still pay you by this method. Many search engines use this method to gain more visitors to their site.

How does it work? Usually this works off a banner or link system. Just as it sounds, for each unique visitor the company receives from the visitor clicking on your link.

Although this may not sound like much, when you have thousands of people clicking on your links, you can acquire quite a large commission check. The company is in jeopardy if their site does not convert well ie, does not make any money from the actual visitor.

Pay Per Sale: This is by far the most popular type of affiliate programs you pay affiliates only when they produce a sale for you. How does it work? This system is rather simple. The affiliate utilizes banners or text links with which they can advertise from their website or online newsletters. Unlike the previous example, when a person clicks on the affiliate’s link the affiliate earns nothing.

Only when a person has purchased a product or a service will the affiliate earn a commission. You can have one tier or two tier affiliate programs. One tier pays only the referring affiliate for the sale. A two tier system pays the referring affiliate and also the affiliate who has referred the referring affiliate to you. Top 10 Affiliate program is based on the multi-tier (subaffiliate) system.

Pay Per Impression? In this type of system you get paid for simply displaying a banner on your website. Each time the banner loads, you get paid.

How does it work? You host a banner at your site or sites, and the company will pay for every person who simply views it. That means, you get paid just for a pair of eyes looking at the banner. The person doesn’t need to buy anything or even click through the link.

Greatest Affiliate programs based on the multi tier subaffiliate system, see on Top 10 Affiliate program.greetings Jan Nordvall JRN E-Marketing.http://www.work-at-home-business.net

Article Source: How man can earn money on Affiliate programme

by GHANASHYAM GUPTA
The Internet has fast become an efficient and trusted way for companies to market and sell their product. One of the reasons for this has been the rise of “Affiliate Marketing” - which is when a website directs traffic to itself through adverts on other (usually related) websites. Affiliated marketing either pays the affiliate through a pay-per-click program (the affiliate receives money every time an advertisement is clicked) or a pay-per-sale program (the affiliate receives commission every time a posted advertisement or sales page on their site generates an actual sale or subscription.) Generally, the pay-per-sale program (also called cost-per-sale, or CPS) is the tried and true form of affiliate marketing used.

Affiliate marketing began just a few years after the world wide web was launched, originally popularized by well known companies such as CDNOW and Amazon.com. Google’s Adsense is also a very well known type of affiliate marketing, but is not considered true affiliate marketing as the advertisements usually center around the theme of the website they are displayed on (known more as contextual advertising). Google does not directly sell the specific product. It sells the advertising and takes a percentage just as you do. Affiliate marketing is highly cost-effective - it costs both the advertiser and the affiliate nothing, while having the potential of bringing in a very large form of income for both parties. While pay per click (or cost-per-click) advertising can present a risk to the advertiser, because a click does not necessarily guarantee a sale, the cost-per-sale (CPS) system has very little or no risk at all for both parties because an actual product sale takes place before commission is paid. This makes the CPS model of affiliate marketing highly desirable for both, the seller and the affiliate marketer. Though affiliate marketing is a relatively new way to earn money on the internet, the concept of revenue sharing has been around for quite a while, long before the internet. Thanks to the World Wide Web explosion which has turned the globe in to a “right next door” sort of communication venue, affiliate marketing has taken it to new level, reaching farther and wider than traditional sales and business commerce. It has become a staple form of advertising, bringing in business for all types of electronic commerce, inexpensively yet at a very high profit.

Online merchants find affiliate marketing very appealing due to the fact that it presents little to no risk both for the merchant or the affiliate. The affiliate earns a commission or fixed amount based on the number of sales brought to the merchant. These sale occur through sales pages and links on the affiliate’ website or through email, blogs, banner ads, video or audio ads, syndicated feeds or articles. Some merchants (only about 1% of affiliate marketing) use a cost-per-click remuneration system,. This gives the affiliate an earning per click every time an internet searcher clicks on an advertisement on their site or email. However, dishonesty has taken advantage of this method in the form of false clicks which unfairly cost the advertiser money that does not lead to sales so CPC is regarded by many to be too risky. Google Adsense and other major CPC advertising services have managed to implement safeguards to detect such false click activity. But for many smaller sales businesses and individuals this is not the case. Both pay per click and pay per sale affiliate marketing bear no cost to the merchant in the original set-up. In other words, it costs nothing to place advertising banners on an affiliate site. The cost only occurs if there is a click or a sale. Merchants also get to set the parameters, and decide on the incentive schemes. This makes affiliate marketing a very inexpensive but highly efficient way to grow a business. Now you know the secret. Tap into it to create a passive stream of revenue that can add to your business or perhaps be the start of a whole new internet business empire for you!

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Article Source: Secret Success of Affiliate Marketing

by monika rajan
To deeply understand the importance of joint venturing and how it can dramatically change your life, bank balance and relationships, I will use the story of a man I recently read about on wikepedia.org.

Taken from the a short article on Bill Gates:

” Gates, (born October 28, 1955) is an American entrepreneur, philanthropist, and chairman of Microsoft, the software company he founded with Paul Allen (joint venture). The annual Forbes magazine’s list of The World’s Billionaires has ranked Gates as the richest person in the world since 1995, with recent estimates putting his net worth near $56 billion.”

How did he come to be this wealthy?

“At thirteen he enrolled in the Lakeside School, Seattle’s most exclusive preparatory school. Gates took an interest in programming computers and was later banned along with his fellow students for exploiting bugs in the operating system to obtain free computer time (creative thinking by collective thinkers). At the end of the ban, the Lakeside students (Gates, Paul Allen, Ric Weiland, and Kent Evans) offered to find bugs in CCC’s software in exchange for free computer time (joint venture). The arrangement with CCC continued until 1970, when it went out of business. This was to be the beginning of Gates joint venture engagements.

The following year Information Sciences Inc. hired the Lakeside students to write a payroll program in COBOL, providing them not only computer time but royalties as well. At age 14, Gates also formed a joint venture with Allen, called Traf-O-Data, to make traffic counters based on the Intel 8008 processor. That first year he made $20,000; however, when his age was discovered, business slowed down.

In 1973, Bill Gates entered Harvard University as a freshman, where he lived down the hall from Steve Ballmer, now Microsoft’s chief executive officer. While at Harvard, Gates developed a version of the programming language BASIC for the first microcomputer - the MITS Altair.

In his junior year, Bill Gates left Harvard to devote his energies to Microsoft, a company he had begun in 1975 with his childhood friend Paul Allen - The birth of a joint venture that changed the way the world saw computers. Guided by a belief that the computer would be a valuable tool on every office desktop and in every home, they began developing software for personal computers. Gates’ foresight and his vision for personal computing have been central to the success of Microsoft and the software industry.

In 1980 IBM approached Microsoft to make the BASIC interpreter for its upcoming personal computer, the IBM PC (joint venture). When IBM’s representatives mentioned that they needed an operating system, Gates referred them to Digital Research (DRI), makers of the widely used CP/M operating system (another joint venture). IBM’s discussions with Digital Research went poorly, and they did not reach a licensing agreement (failure to understand the power of joint venturing). A few weeks later Gates proposed using 86-DOS (QDOS), an operating system similar to CP/M and which Tim Paterson of Seattle Computer Products had made for hardware similar to the PC. Microsoft made a deal with SCP to become the exclusive licensing agent (joint venture), and later the full owner, of 86-DOS, but did not mention that IBM was a potential customer. Gates never understood why DRI had walked away from the deal, and in later years he claimed that DRI founder Gary Kildall capriciously “went flying” during an IBM appointment.

After adapting the operating system for the PC, Microsoft delivered it to IBM as PC-DOS in exchange for a one-time fee, without transferring to IBM the ownership of the source code of the PC’s operating system. There never has been an authoritative explanation why IBM, which in effect paid for its development, did not insist on gaining the ownership of the source code Microsoft was quick to license DOS to other manufacturers, calling it MS-DOS (for Microsoft Disk Operating System).

By marketing MS-DOS aggressively to manufacturers of IBM-PC clones and by virtue of its undivided ownership of the operating system’s source code, Microsoft went from a small player to one of the major software vendors in the home computer industry. Microsoft continued develop operating systems as well as software applications. In the early 1980s Microsoft introduced its own version of the graphical user interface (GUI), based on ideas pioneered by the Xerox corporation, and further developed by Apple.

By the early 1990s, Windows had pushed other DOS-based GUIs like GEM and GEOS out of the market. The release of Windows 3.0 in 1990 was a tremendous success, selling around 10 million copies in the first two years and cementing Microsoft’s dominance in operating systems sales. By continuing to ensure, by various means, that most computers came with Microsoft software pre-installed, the Microsoft corporation eventually became the largest software company in the world, earning Gates enough money that Forbes Magazine named him the wealthiest person in the world for several years.”

- Taken from an article written on Bill Gates on wikepedia

What am I trying to say?

Joint venturing with the right partners can make you a highly successful person.

Why?

Because business involves people and it’s all about people. Effectively working well with people and benefiting people leads to a profitable business. This is what makes a business extremely profitable and Gates did not only know this, he practiced it. How are you joint venturing with your friends, family members and colleagues. What are you bringing to table and most importantly never set a bird trap in full view of the birds. When you do, you set yourself up for your own ruin.

Joint venturing has made many men and women wealthy people today. Companies become giants when they joint venture together. We call them mergers. As from today, make a conscious decision to look for the prospective opportunities in working together with others who can potentially benefit you; however always remember that unless you have something to bring to the table, a joint venture will never be created.

Here are some quick tips to a successful and profitable joint venture:

Tip 1

Make sure you have a purpose and service to offer.

Tip 2

Make sure you have a clear vision and goal about what you want to achieve.

Tip 3

Consider the features and benefits of your product/service.

Tip 4

Consider how your service/product can benefit potential partners that serve your existing and future customers.

Tip 5

Establish the financial benefits your partners will gain from joint venturing with you. Make sure the financial gains surpass you paying for their contributions.

Tip 6

Always have a Win - Win mindset. Joint venturing is not a selfish act, it is a mutually beneficial agreement between 2 or more parties.

Tip 7

Let integrity be your legs and let loyalty be your hands. With these, you will walk upright and deal securely.

Tip 8

Never lay all your cards on the table. If you do, there will be nothing to joint venture with.

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Article Source: Amazing Powers Of Joint Venturing