Silly JV contests

As usual Mike you hit it on the head. I would like to make just one other comment though. While I think it is important to work closely with your top JV's, that's were the money is, giving encouragement and motivation to those that are "the little guy" will payoff down the road. Help them to be successful and they will work with you over and over again and in the future they may be your big guns.

I look at it as though I am creating relationships both with Kings and Paupers.

Just a comment from a new member and an old marketer

Bob Kimsey
The Vhiper Network

I agree that it's important to focus on the guys
who bring in the gravy.

BUT..

You've also got to encourage the people who put
in the effort.

I like to see rewards for the most innovative
promotion strategy, the best use of Twitter or the
funniest video promo.

The guys that put in the effort to promote you and
your product and helping to build your brand and
your reputation which in the long run can be more
profitable than a few short term commissions.

John

Love the thread! I just launched my first major product, and was toying with the idea of some sort of contest or something to attract affiliates. I've seen those 'redonkulous' contests too, and wondered how fruitful they were in attracting new affiliates.

I'd welcome any suggestions for a non-IM niche contest, I'm in the self improvement / law of attraction niche myself.

Peace,
Bob

So how does a person go about determining what the right incentive amount is?

Brandon

This is a helpful thread. I'm planning on doing my first large scale launch in March of this year. I wanted to do a contest but didn't really know what would be good prizes.

Note to self, don't be cheap. :)

Matt

This has been a really interesting and enlightening thread, I have not done a JV before, so the info here has been very useful. Perhaps if there is anyone out there who has recently done their first jv and could pass on some tips that would be appreciated. Becky

I agree with Matt this opens my eyes up! Never really thought about some of the ideas for contests presented here thanks everyone.

Chris

For my most recent launch, I decided to give out 10% bonus for certain tiers, but in prizes instead of cash. So if somebody sold $10k in product, then I tried to make the corresponding prize equal to $1k.

And Curtis, you're right about it tailoring to the big guys, but you'd be surprised how much prizes can motivate the "little guys" when they are attainable. That's why I put my first bonuses close in number - prizes for 1 sale, 3 sales, five sales, ten sales, then I jump up to twenty, thirty, fifty...

That way, even the little guys can get in on it, and they think, "If I can just make two more sales..."

I like that word redonkulous. Not sure what it means but it sounds funny. I found your post right on time bro because I was just in the process of creating a jv contest page for my upcoming launch. I've always felt the same way about those contests.

I think I'll take your advice and provide prizes the affiliates who are only able to sell a dozen or so. I think they deserve it more.