When like minded people work together and share resources to achieve a common goal, that is a Joint Venture. It can be called a Strategic Alliance or Partnering as well. The people who succeed best at Joint Ventures understand that they get well paid for linking people with solutions. You don’t have to be involved in the deal – you can introduce two other parties, triangulate the deal and be well paid… Paul Getty said, “I would rather get 1% of the efforts of 100 men than 100% of the efforts of one man.” By taking a piece of the profits on every transaction that results from a JV that you set up, you create ongoing, passive income for yourself.
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