I have 200k subs and my head is about to explode..

13 years ago

I would go with a trusted friend. In fact I trained with Tony Robbins to life coach and this year I have wasted a lot of money working on IM stuff.

I am now doing jv with a woman I met in here who is amazing! We have brilliant fun, total trust and it makes all the difference. I once lost a massive property company to someone so I am very careful who I give access to my company, my lists, my expertise too. If your friendship is solid I would go with that.

Of course there is a held belief to not mix friendship and business. I am looking forward to reading the opinions of people who have a great deal more experience of this than me. I wish you immense success whichever way you go.

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vickybabe

13 years ago

I would most definitely go with the pro. 50% of 7 figures sounds pretty good to me

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likesomebody

13 years ago

Originally Posted by carolf

I would go with a trusted friend. In fact I trained with Tony Robbins to life coach and this year I have wasted a lot of money working on IM stuff.

I am now doing jv with a woman I met in here who is amazing! We have brilliant fun, total trust and it makes all the difference. I once lost a massive property company to someone so I am very careful who I give access to my company, my lists, my expertise too. If your friendship is solid I would go with that.

Of course there is a held belief to not mix friendship and business. I am looking forward to reading the opinions of people who have a great deal more experience of this than me. I wish you immense success whichever way you go.

Thanks for the reply. That makes sense.

Originally Posted by vickybabe

I would most definitely go with the pro. 50% of 7 figures sounds pretty good to me

Yes it sounds great however your reply didn't really give a solid reason.. I need something to think about other than it SOUNDS good

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kerry3280

13 years ago

I would suggest with that amount of views in a year that you should create your own list.

Use your friend's expertise to help you with this and whilst the list is growing you could be working on your product so that as and when your list is big enough, you then have a product all set and ready for launch.

Shouldnt take you too long to build a really nice list with that kind of following!

Best of luck!

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Shaun OReilly

13 years ago

50% of a BIG pie is better than 100% of the square root
of feck all.

Go with someone who is proven to get the results you
want - provided that you can trust them.

Dedicated to mutual success,

Shaun

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konradbraun

13 years ago

Originally Posted by Shaun OReilly

50% of a BIG pie is better than 100% of the square root
of feck all.

Go with someone who is proven to get the results you
want - provided that you can trust them.

Dedicated to mutual success,

Shaun

Agreed 100%

There are many "know it all" jackasses around but when it comes down to hitting it big, you want to work with someone who IS thinking big and IS making it big already.

No offense to your friend... I am certain he/she means well but listening to him is a gamble (he has never done 6 or 7 figure launches). Don't get greedy by wanting it all.

Listen to the guy who is already doing really well. That way if your followers don't buy, his followers will. It is the only safe option I see!

There are two ways of learning: from your own mistakes or from the mistakes of others. I always opt to learn from the mistakes of others so I don't have to make their stupid mistakes as well.

Good question though... and good luck!

Konrad

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likesomebody

13 years ago

Originally Posted by konradbraun

Agreed 100%

There are many "know it all" jackasses around but when it comes down to hitting it big, you want to work with someone who IS thinking big and IS making it big already.

No offense to your friend... I am certain he/she means well but listening to him is a gamble (he has never done 6 or 7 figure launches). Don't get greedy by wanting it all.

Listen to the guy who is already doing really well. That way if your followers don't buy, his followers will. It is the only safe option I see!

There are two ways of learning: from your own mistakes or from the mistakes of others. I always opt to learn from the mistakes of others so I don't have to make their stupid mistakes as well.

Good question though... and good luck!

Konrad

Thanks for the reply!

You said this: "That way if your followers don't buy, his followers will. It is the only safe option I see!"

The thing is my followers WILL buy. There has been an overwhelming expressed interest to buy. I am not doubting that. The reason i am doubting anything at all is because i don't have much knowledge regarding IM.

I can create amazing content that my fans will EAT UP. I know this.

Does this change anything?

Thanks
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konradbraun

13 years ago

Originally Posted by likesomebody

Thanks for the reply!

You said this: "That way if your followers don't buy, his followers will. It is the only safe option I see!"

The thing is my followers WILL buy. There has been an overwhelming expressed interest to buy. I am not doubting that. The reason i am doubting anything at all is because i don't have much knowledge regarding IM.

I can create amazing content that my fans will EAT UP. I know this.

Does this change anything?

It does not change anything. I think I pointed out other factors to consider as well - not just that one, so all in all I would be 100% in favor of going with the guy who has the first hand experience.

Besides: don't get in to business with your friends... coming from experience it does not always end well. And even if he/she is just helping you, he will forever take credit for your success.

As such, go with the expert. Learn from the expert. It's a no brainer.

I think there is a solid advice in the other posts as well. Take it for what it is

It's a typical robbery movie: the robbers succeed and steal a billion dollars, and then they get greedy and start killing each other off to keep all the money for themselves. Don't be like that

But in the end it's your gig, which means: go with what your instincts tell you!

Konrad

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J Bold

13 years ago

Originally Posted by Shaun OReilly

50% of a BIG pie is better than 100% of the square root
of feck all.

Go with someone who is proven to get the results you
want - provided that you can trust them.

Dedicated to mutual success,

Shaun

I agree with this.

And I doubly agree with the "provided you can trust them" part.

That's really what it all comes down to, really.

I would say that you can still involve your friend in the launch if he is really passionate about helping you. Let him help you even if you go with the "pro" with the big list, and let him see how you really pull of a big launch and it can benefit both of you in the end.

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onSubie

13 years ago

Originally Posted by likesomebody

Thanks for the reply. That makes sense.

Yes it sounds great however your reply didn't really give a solid reason.. I need something to think about other than it SOUNDS good

I would say it is not a big risk to get the Pro's help on your first product launch.

It is more than just "the numbers".

You will learn a lot that you can then use for your future product launches when you won't need the Pro's help.

In addition, 50% is actually not a bad split with an affiliate. Many sellers offer 75% or 100% to affiliates.

Do you have an upsell? Maybe agree to the share for the main product but keep the upsells for yourself or at a lower reveue share rate.

Mahlon

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ToneyCr 13 years ago

Originally Posted by vickybabe

I would most definitely go with the pro. 50% of 7 figures sounds pretty good to me

That is good, but only for him(pro). :rolleyes:
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- LarryW 13 years ago
  
  I wonder how well you know the "Pro" and can he really deliver as expected?? Will he really let you see what he is doing and learn, or will it just be him and his rolodex calling others to do copyright, and become affiliates (where you will never share his resources)? Sure that is a lot he offers, but be realistic in your expectations, maybe the buyers list & profits will be what you are getting, with little How To?
  
  Then (like Sue and others) I also wonder why He is the only Pro that can deliver for you? Shop around. There might be a few that might be more friendly than others to work with, judging from the service I have gotten as a customer. You need someone whose style you can stand, and also share decisions in an agreeable fashion. Unless you are just going to take the money and run, which would not seem likely since you have already been working long term with your subscribers.
  
  Can't you and your friend get your own affilates (there is a WSO now showing how, and other warriors offer WSO material on how to do a launch) - if you want to spend the time to do this yourself?
  
  Or the combo approach might be to get a Pro with the understanding that you are shown the How To at the same time he is helping... and yes let your friend be there too (another pair of eyes, and likely a different view point and ability to recall different aspects). This is more like getting coaching for your launch, than having someone else do it all. Would that $500 WSO coaching accomplish this (where you already have a product started)?? Maybe you will get some PM on these, as I can not say first hand.
  
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Zayne 13 years ago

Originally Posted by vickybabe

I would most definitely go with the pro. 50% of 7 figures sounds pretty good to me

I think that Vickybabe has a point.

My reasoning behind it is if this person has done a 7 figure launch before, and they are willing to coach you on exactly what to do for 50%, the number is fairly irrelevant.

First of all, I have always had the belief that 50% of something is always better than 100% of nothing.

That said, what you are doing by giving this guy 50%, is not only almost getting a 'Guarantee' that the launch will be great, because his commission will depend on it, but he has done it before, and he is going to show you how to do it. THIS IS THE MAIN BENEFIT.

That means that the next product launch you do, you will be able to do it successfully without him.

Further to that, you will be in the position to ask for 50% of people asking YOU what to do in a product launch.

Remember learning the skill is priceless!

Zayne
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visimedia

13 years ago

if you have good relationship with them then you don't need to shy to offer them something useful for themselves.. .. just send the email, like product launch, 3 emails will be enough, then you will see money rolling in and you'll see who is not interested to IM anymore (unsubcribing when there's a promotion is natural and normal).

good luck

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Ankesh Kothari

13 years ago

When you say the pro wants to help you - what does that help entail? Just telling you what to do next? Actually using his resources to get things done? Is it a guidance or a joint venture?

What I would do is go with the pro. But with vested terms.
If the total sales is $xxxxx - he gets 20%.
If the total sales is $xxxxxx - he gets 30%.
If the total sales is $xxxxxxx - he gets 50%.

Scaled payment = more incentive for him to perform.

You also need to make sure that this is 50% only for this one product and its launch and life. And not from the revenue from your entire website.

Why its a better idea to go with the pro than with your passionate friend?

Because if the pro has already had big launches in the same field, he'll already know who the top affiliates and joint venture partners will be. You'll be referred to them instead of contacting them cold - which makes a huge difference.

The pro will already know the best copywriting triggers to us and the best launch sequence and timings. He'll have an idea of what kind of resources is required to handle the sales. And how to not screw up with payment and delivery and support. How to make sure the servers will be able to handle traffic. And a lot more details like that that your friend would have no clue about.

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DavidG

13 years ago

Let's not forget that the friend knows his stuff just not in a huge magnitude and I like your idea on scaled payments.

And about affiliates, personally when I offered 75% of my sale (which I agree that it's better to get 25% of something than 100% of nothing) with the popularity, there is no doubt that affiliates will BEG to step up and promote something that is obviously popular...

Just something to consider.

regZ

Originally Posted by Ankesh Kothari

When you say the pro wants to help you - what does that help entail? Just telling you what to do next? Actually using his resources to get things done? Is it a guidance or a joint venture?

What I would do is go with the pro. But with vested terms.
If the total sales is - he gets 20%.
If the total sales is - he gets 30%.
If the total sales is - he gets 50%.

Scaled payment = more incentive for him to perform.

You also need to make sure that this is 50% only for this one product and its launch and life. And not from the revenue from your entire website.

Why its a better idea to go with the pro than with your passionate friend?

Because if the pro has already had big launches in the same field, he'll already know who the top affiliates and joint venture partners will be. You'll be referred to them instead of contacting them cold - which makes a huge difference.

The pro will already know the best copywriting triggers to us and the best launch sequence and timings. He'll have an idea of what kind of resources is required to handle the sales. And how to not screw up with payment and delivery and support. How to make sure the servers will be able to handle traffic. And a lot more details like that that your friend would have no clue about.

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carolf

13 years ago

Originally Posted by Ankesh Kothari

When you say the pro wants to help you - what does that help entail? Just telling you what to do next? Actually using his resources to get things done? Is it a guidance or a joint venture?

What I would do is go with the pro. But with vested terms.
If the total sales is - he gets 20%.
If the total sales is - he gets 30%.
If the total sales is - he gets 50%.

Scaled payment = more incentive for him to perform.

You also need to make sure that this is 50% only for this one product and its launch and life. And not from the revenue from your entire website.

Why its a better idea to go with the pro than with your passionate friend?

Because if the pro has already had big launches in the same field, he'll already know who the top affiliates and joint venture partners will be. You'll be referred to them instead of contacting them cold - which makes a huge difference.

The pro will already know the best copywriting triggers to us and the best launch sequence and timings. He'll have an idea of what kind of resources is required to handle the sales. And how to not screw up with payment and delivery and support. How to make sure the servers will be able to handle traffic. And a lot more details like that that your friend would have no clue about.

Thank you I learnt a ton from reading this... also your blog is bloody outstanding

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IMBotz

13 years ago

Good advice! Thank you.

Originally Posted by Ankesh Kothari

When you say the pro wants to help you - what does that help entail? Just telling you what to do next? Actually using his resources to get things done? Is it a guidance or a joint venture?

What I would do is go with the pro. But with vested terms.
If the total sales is - he gets 20%.
If the total sales is - he gets 30%.
If the total sales is - he gets 50%.

Scaled payment = more incentive for him to perform.

You also need to make sure that this is 50% only for this one product and its launch and life. And not from the revenue from your entire website.

Why its a better idea to go with the pro than with your passionate friend?

Because if the pro has already had big launches in the same field, he'll already know who the top affiliates and joint venture partners will be. You'll be referred to them instead of contacting them cold - which makes a huge difference.

The pro will already know the best copywriting triggers to us and the best launch sequence and timings. He'll have an idea of what kind of resources is required to handle the sales. And how to not screw up with payment and delivery and support. How to make sure the servers will be able to handle traffic. And a lot more details like that that your friend would have no clue about.

Thanks

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AfteraDream

13 years ago

Originally Posted by Ankesh Kothari

When you say the pro wants to help you - what does that help entail? Just telling you what to do next? Actually using his resources to get things done? Is it a guidance or a joint venture?

What I would do is go with the pro. But with vested terms.
If the total sales is - he gets 20%.
If the total sales is - he gets 30%.
If the total sales is - he gets 50%.

Scaled payment = more incentive for him to perform.

You also need to make sure that this is 50% only for this one product and its launch and life. And not from the revenue from your entire website.

Why its a better idea to go with the pro than with your passionate friend?

Because if the pro has already had big launches in the same field, he'll already know who the top affiliates and joint venture partners will be. You'll be referred to them instead of contacting them cold - which makes a huge difference.

The pro will already know the best copywriting triggers to us and the best launch sequence and timings. He'll have an idea of what kind of resources is required to handle the sales. And how to not screw up with payment and delivery and support. How to make sure the servers will be able to handle traffic. And a lot more details like that that your friend would have no clue about.

This. Because you will pick up small things about IM that will help you learn it faster than from your friend. Also you associating with him will help your brand down the road. You might lose some money upfront BUT you can upsell your clients later on and leverage your brand's growth.

P.S. Watch some Jay Abraham stuff, that will teach you a lot about business and how to get more from the same amount of customers etc..

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Venturetothetop

13 years ago

Let me think...

Someone who as you say is PROVEN to make 7 figure launches (thus giving you $500k) AND will help you see what it takes to make a big launch on your own in the future (priceless)

or...

someone not so special who may give you more percentage but much less total revenue.

If this proven guy is a s good as you say he is, and you have done your research, then it is a no brainer.

If someone offered to partner with me tomorrow and generate 7 figures in sales - I'd even give them more then 50% because it is money I would not have seen without them.

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flamewave

13 years ago

A pro will be able to get you better than 25 from your affliate sales.

Also for your first one you dont want to f*** it up. Go with the pro and you have more of a chance of lauching big, and become insta-guru

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WillR

13 years ago

I think it's important to look at the BIG picture... not just this launch. If you go with the pro not only will you be getting 50% of a proven marketer but you are also going to learn a ton of invaluable information that you will be able to use over and over to launch your own products. Not only that, you are also going to tap into his list which should hopefully bring you a whole lot more followers.

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Ayush Sharma

13 years ago

Definetly the pro cause for the first launch you might just get 50% but you will get an exposure from other great members who will promote your product more in future.. also the experience counts..

50% to share.. 7 Figure..close your eyes and go for it.

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Louisscd

Banned 13 years ago

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slcroft

13 years ago

Personally, for this launch anyway, go with the pro and study everything that he does, the resources he uses, timings, wordings in his emails etc, this will then put yourself in a good position for any future launches.

Although what Precious007 is true, 7 figure launch from 90k subs is inprobable, he obviously has a network of JV's that he uses and will no doubt use for this launch as well. Therefore you are not only looking at his 90k list but also potentially another 200k or more on top. So not only will you get a chunk of his list, but other peoples lists as well.

More importantly, your name would become known making it easier to contact top marketers to JV with in the future.

Your friend may mean well, but you have more to lose than to gain. After you have done this, maybe you could then teach your friend to do a 7 figure launch.

Good luck

Simon

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konradbraun

13 years ago

Originally Posted by slcroft

Personally, for this launch anyway, go with the pro and study everything that he does, the resources he uses, timings, wordings in his emails etc, this will then put yourself in a good position for any future launches.

Although what Precious007 is true, 7 figure launch from 90k subs is inprobable, he obviously has a network of JV's that he uses and will no doubt use for this launch as well. Therefore you are not only looking at his 90k list but also potentially another 200k or more on top. So not only will you get a chunk of his list, but other peoples lists as well.

More importantly, your name would become known making it easier to contact top marketers to JV with in the future.

Your friend may mean well, but you have more to lose than to gain. After you have done this, maybe you could then teach your friend to do a 7 figure launch.

Good luck

Simon

Solid info right there. Well put

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Cataclysm1987

13 years ago

Likesomebody, here is the problem. You have not started talking about the most critical problem in this equation.

How to monetize a non-monetized list.

You need to retrain your list to buy instead of training them to just open your e-mails day after day.

This may mean doing something drastic like a webinar or offering one on one coaching for a certain price at the end of a presentation, or the product the guys are offering to help sell you.

As far as the product goes, I'd go with the pro. You can always do both, but go with someone who has the numbers. It's business, not friendship.

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likesomebody

13 years ago

Originally Posted by Cataclysm1987

Likesomebody, here is the problem. You have not started talking about the most critical problem in this equation.

How to monetize a non-monetized list.

You need to retrain your list to buy instead of training them to just open your e-mails day after day.

I don't see this as a problem. My audience has expressed a LOT of interest in buying from me..

But overall you guys gave me a lot to think about.

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Serenity090

13 years ago

Well First thing it wouldn't be your last product...

just work with pro - launch first product and learn the process...later on Sky is the limit...

In this way you can even leverage his list too...means your product would be sold overall 290k leads not just 200k...And his list is more responsive or strong...So, that's another plus point...

What if both lists show equal performance? Suppose 7 figure per list? What will you lose? Nothing...

Second, in future you will be using the pd experience got from pro for developing your own products...

So, pro one's is the best root according to my opinion...

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DreamWarrior

13 years ago

Honestly, if this person is very well known and you can see that there is no negative feedback about him/her, then why not give it a go. Get them to teach you what they are doing so that the next time you can do it on your own.

Plus, 50% of something is better than 100% of nothing!!!

Life is about taking calculated risks. So, if all you are risking is your time and effort, then give it a go. What have you got to loose?

If it works out and you make enough money, then go into another JV with the same person or someone else.

Best of luck though. Sounds like you have some exciting times ahead of you.

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temlawn

13 years ago

Do the launch. Give the guy the 50% - You Get 50% - then keep 100% of the emails, contacts, and information for future sales you get from the launch. Optin box or free product on your site or what ever is getting you 16 mil' views., then for your Launch 2.0 - you will have some good training from this guy, some invaluable contacts, a nice buying interested list and info for your next launch and you get to keep 100% next time. Just a thought. If the guy is proven, then go for it. 50% might sound like alot for you, but with the wrong person who is not proven 50% of nothing is still nothing.

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Tsnyder

13 years ago

Be serious...

Have you ever held $500,000 in your hands?

You have a choice between a partner who knows what
receiving a million dollars in sales is actually like and a partner
who dreams about what generating a million dollars in sales
is actually like.

One talks a good game... one has actually played the game successfully.

I'm mystified as to why you're in a quandary about this obvious choice.

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Bret Ferguson

13 years ago

Like most on here go with experience. I would go one step further, discuss with an Attorney to cover your rear.

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travlinguy

13 years ago

Why is this an either/or question? With a list of 200,000 you have a ton of options. How about these:

Head over to Clickbank and go to the self help section. Find a couple of products you like and create a small mailing campaign to test your list. Don't leave this to chance, hire a good copywriter to write up a couple of email pitches so you don't waste the opportunity. Send the offer to 10,000 of your subscribers and take note of the results.

If you're really a successful self help guru then you must have some sort of energy or charisma about you. Create (if you haven't already) your own product and do a mailing. Send it to a completely different section of your subs, another 10,000.

Then do similar tests with each of these people you mention. You hold all the cards with a list that size. If either or both of them balk, tell them to go fly a kite. If you do things like this you're going to discover you don't need either one of these guys.

There are plenty of people out there who can create a blueprint for this thing to work out perfectly. You're going to learn a lot by doing smaller tests. You'll find out how valuable your list is. Smaller, controlled mailings will keep you from making potentially huge mistakes. Good luck.

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aaaa33030

13 years ago

Originally Posted by likesomebody

So here's the thing.. I'm a very successful internet self-help guru (16 million views in under a year). I know nothing about IM. I've built everything I have through a labor of love. I just recently decided I wanted to monetize.

Now, some of you won't believe me.. if that's the case please exit this thread. Those of you that do - thank you. I need some serious help right now.

I've contacted internet marketers and found someone in my EXACT niche who has launched products that have made 7 figures in under a week. (If i mentioned his name, many of you would recognize him).

He wants to help me. But for 50% of the product launch. He also has a "list" in my exact niche that is roughly 90k people large (according to him it's a very "strong" list).

My other option is a friend who is very versed in IM, but hasn't had the experience of a launch of this magnitude. (He has launched smaller scale things) However he is EXTREMELY passionate about the project and i know for a fact he is going to work tirelessly on it.

This friend claims that someone like that isn't worth 50% because they are overcharging for something that is very basic to someone who is versed in IM. He tells me that the hard part is getting the 200k followers and 100-200k views per blog post and that afterwards all i need to do is execute some basic product launch steps and i will be good.

My question to you guys is.. is it worth going with someone who has PROVEN to make 7 figures in my EXACT niche with a product launch for 50%?

I'm confused.

Even a newbie can answer that question for you.

Of course it is worth going with the partnership

50% of 7 figures?

That's a no brainer

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poweraff

13 years ago

Having 50% with a successful person who already proven his ability to run successful launches is by far better than 100%... the worst case you will have enough knowledge to
launch your product after this one

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Joe118

13 years ago

If you already have "overwhelming" desire to buy expressed by your visitors, then use this opportunity to build a list.

I'd structure it as follows:

* Sell with the pro at price $X and graduated commissions as Ankesh suggested
* Offer your *readers* a discount for signing up and buying through *your* list, for example 50% of $X

You'll spend the same amount on commissions for these buyers, except you get the
readers on your own list.

Nothing saying that the deal with the pro has to be exclusive. Let him rent out his list
and you build a list also in the meantime.

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YasirYar

13 years ago

I'll add my two cents on this subject:

1. You need to pin down exactly what each person is willing to do and what they'll expect from you. For example, if the guru will take care of everything and all you need is to sit back and collect the checks, 50% isn't all that unfair. OTOH, if all he's offering is advice but you do all the work, it seems like a lot of money.

2. You need to consider whether or not you want to stick with one or the other for the long term. In other words, let's say you go with the guru, do you see yourself continuing to do launches with him and handing him 50% of the money?

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lovelysue

13 years ago

There is a 3rd option - you can google search or ask Jeff Walker to recommend you a Product Launch Manager - someone who he trained to do product launches and will do the stuff for you. To break the 7 Figure you need a killer copy both for the videos and the emails. Does the guru you contacted offer that?

Also - when you try to monetize - it's awesome to look at a multi-million campaign. With a 200K list that reads and responds to you - it should be a pretty exciting and nice job to make money helping them further than the articles do. I can definitely relate to you for wanting to do things exactly right the very first time.

Still - if the JV who wants 50% profit has or can have any access to my contacts - I would never, ever agree to that. Not because I'm stingy but because my own list can make me a couple of millions first and then - I'll syndicate with the competition to share more profits and commissions.

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everydayreviews

13 years ago

I can see why you're confused. I would be tempted to go with the friend for sure. I would give the pro a counter offer.

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vip-ip

13 years ago

Originally Posted by likesomebody

So here's the thing.. I'm a very successful internet self-help guru (16 million views in under a year). I know nothing about IM. I've built everything I have through a labor of love. I just recently decided I wanted to monetize.

Now, some of you won't believe me.. if that's the case please exit this thread. Those of you that do - thank you. I need some serious help right now.

I've contacted internet marketers and found someone in my EXACT niche who has launched products that have made 7 figures in under a week. (If i mentioned his name, many of you would recognize him).

He wants to help me. But for 50% of the product launch. He also has a "list" in my exact niche that is roughly 90k people large (according to him it's a very "strong" list).

My other option is a friend who is very versed in IM, but hasn't had the experience of a launch of this magnitude. (He has launched smaller scale things) However he is EXTREMELY passionate about the project and i know for a fact he is going to work tirelessly on it.

This friend claims that someone like that isn't worth 50% because they are overcharging for something that is very basic to someone who is versed in IM. He tells me that the hard part is getting the 200k followers and 100-200k views per blog post and that afterwards all i need to do is execute some basic product launch steps and i will be good.

My question to you guys is.. is it worth going with someone who has PROVEN to make 7 figures in my EXACT niche with a product launch for 50%?

I'm confused.

Negotiate to 15-20%, and sign a contract. With no up-front payments, a pay-for-results arrangement at such a rate is a good deal.

Best Regards,
vip-ip ...

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PimpAngel 13 years ago

The sensible thing would be to do a pilot project. In other words, market to a segment of a list and measure the results.

You may need to make some adjustments to get your returns as high as possible.

You can do this with each of the partners you are considering, then when you see the offer that converts you can roll out the entire campaign.

That way you can go with the one that is most successful, or both if they both work.
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Noel Cunningham

13 years ago

I'd go with the Pro myself. Like some of the guys above have said 50% of 7 figures is far better than 70-90% of 5 Figures or low 6 Figures.

These Guru's take a large piece of the pie because they are almost guaranteed to make you a ton of cash. It may be well worth your while getting an IM Mentor because with a list the size of yours - if well managed and the relationship between you and the list is good - should be worth $$$$$$s to you!

If you study email marketing with a proven mentor then you should be able to monetize that list at a minimum of $1 per sub per month = 200k each and every month to you!!

Looks like you have some big decisions to make and exciting times ahead. Feel free to get in touch if you need anymore on my post

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braincandy7

13 years ago

I would stick with the "good friend" especially if they are someone you happen to know from the physical world rather than the online world.

It's easier for you to ensure that they accountable for their advice and you know you can communicate with them.

50% is a very high %.

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Tim_Carter

13 years ago

Originally Posted by braincandy7

I would stick with the "good friend" especially if they are someone you happen to know from the physical world rather than the online world.

It's easier for you to ensure that they accountable for their advice and you know you can communicate with them.

50% is a very high %.

Wow your inexperience is oozing from this post. You couldn't be more wrong.

50% is actually more than fair. Many JV offers pay 60 - 90% to get some real good affiliates on board. You should be jumping all over the help from the pro. You have no risk. If he doesn't perform you are not out money. If he over-performs you make a ton and collect his buyer leads for future sales.

Standard JV practices here.

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Mike Hill

13 years ago

Originally Posted by Tim_Carter

Wow your inexperience is oozing from this post. You couldn't be more wrong.

50% is actually more than fair. Many JV offers pay 60 - 90% to get some real good affiliates on board. You should be jumping all over the help from the pro. You have no risk. If he doesn't perform you are not out money. If he over-performs you make a ton and collect his buyer leads for future sales.

Standard JV practices here.

As long as the pro understands fully that it's 50% of sales after commissions are aid and no additional 50% to be paid on his own sales. You could however add an additional 25% to his own sales so he would make 75% for sales coming from his list.

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Bill_Z

13 years ago

100% go with the PRO. His network of affiliates alone is more powerful than ANYTHING your friend will bring to the table.

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Noel Cunningham 13 years ago

Originally Posted by Bill_Z

100% go with the PRO. His network of affiliates alone is more powerful than ANYTHING your friend will bring to the table.

Aye - Agree Billy, it all comes down to numbers at the end of the day. I'd much prefer 50% of something Huge than X amount of something crappy

And sometimes doing business, especially something as big as this launch could get messy.
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celente

13 years ago

I have seen some marketers make truck loads of money on the same offer their list is maybe 10k and they bought in way more profits than those with 200k lists.

ITs not the list, its the person at the other end of the list and the relationship they have with them. That is the most important question or issue here I believe.

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Jack Coxill

13 years ago

As this is going to be your first launch, I would definitely suggest going with the pro. My reason for this is purely the fact that you are going to learn from a pro how a successful launch is put in place. You may not make as much with this specific launch, but afterwards, you will understand how to do one yourself. In a few months time, you can do another one, you are still reaping in new traffic each and every day, so you can rinse and repeat this method.

So, use the pro marketer this time, learn what it takes to create a successful launch. Then do it yourself from here on out.

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Mike Hill

13 years ago

I would be willing to give the "GURU" 50% but only under the following conditions or milestones if you will.

1) Draft up a legal contract

2) 50% of what's left after affiliate sales

3) No additional commissions paid to his own affiliate sales (He's already making 50% if you give him 50% on top then he is making 100% from all his sales. Remember he said he has a very responsive list.)

OR you could offer an additional 25% on his own sales so he has incentive to mail his list more. He would be getting 75% of the profits from his own sales from his own list.

4) Everything to be setup on YOUR servers

5) You will not give him access to the buyers after the launch is over

6) If prizes are to be purchased then you will both share the burden coming out 50/50 from each of your profits.

7) He is responsible for the pre-launch communications, emails, videos and webinars...

8) Ensure he mails his list at least 3 times during pre-launch and 3 times during launch and 3 times post launch (minimum)

I think I covered everything... If he is unwilling to meet any of these parameters then I would say no way! No hard feelings but I am going a different direction.

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DreamWarrior

13 years ago

Hi There,

I'm sure that I read a similar post not so long ago where someone else was in a similar position.

However, my advise would be, if they are well known (as you've stated), then go for it. 50% of something is better than 100% of nothing.

Learn from them and how they do things and then replicate it the next time around.

As stated by another Warrior, just make sure that they only take 50% of the actual launch and not the entire site and there after.

All this needs to be stipulated upfront. Once you both have a clear understanding as to what is involved, and establish your business relationship upfront, then there should be no issues.

I'd say go for it. With that many subscribers, if you manage this JV properly, you should be opening up some really exciting doors for you and your business.

Best of luck. I hope you get all the advise you were after.

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Gary_The_Ace

13 years ago

If you're really looking for partners who can help you monetize in your space... send me a PM. I'm not the guy, but I know of 2 different people who could really help you out, both with a LONG history in your space, and both I'd trust.

-Gary Ambrose

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lotsofsnow

13 years ago

Originally Posted by likesomebody

So here's the thing.. I'm a very successful internet self-help guru (16 million views in under a year). I know nothing about IM. I've built everything I have through a labor of love. I just recently decided I wanted to monetize.

Now, some of you won't believe me.. if that's the case please exit this thread. Those of you that do - thank you. I need some serious help right now.

I've contacted internet marketers and found someone in my EXACT niche who has launched products that have made 7 figures in under a week. (If i mentioned his name, many of you would recognize him).

He wants to help me. But for 50% of the product launch. He also has a "list" in my exact niche that is roughly 90k people large (according to him it's a very "strong" list).

My other option is a friend who is very versed in IM, but hasn't had the experience of a launch of this magnitude. (He has launched smaller scale things) However he is EXTREMELY passionate about the project and i know for a fact he is going to work tirelessly on it.

This friend claims that someone like that isn't worth 50% because they are overcharging for something that is very basic to someone who is versed in IM. He tells me that the hard part is getting the 200k followers and 100-200k views per blog post and that afterwards all i need to do is execute some basic product launch steps and i will be good.

My question to you guys is.. is it worth going with someone who has PROVEN to make 7 figures in my EXACT niche with a product launch for 50%?

I'm confused.

I suggest: look and do not listen.

Meaning only believe what you have seen with your own eyes.
"strong list" is an opinion
"90k subscribers" is an assertion but not necessarily a fact
"who has PROVEN to make 7 figures" really? or just said so?

"My other option is a friend" if that is a real friend: go for it.

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trilogy9013

13 years ago

Be careful about going with the so-called "pro". Doing business with someone you do not fully know and trust can be a huge mistake and it is important to understand the risks of this idea. However, if you do trust this person and you do think they will provide a lot of value to the launch then i would also recommend the "pro". You will probably learn a lot in the process and it will be beneficial to product launches in the future.

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Will Edwards

13 years ago

You say you are a self-help 'guru'. In that case, you should understand the win-win principle well enough. If I were you, I'd put my abundance head on and go with the pro.

Good luck,

Will

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I have 200k subs and my head is about to explode..

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