Can you give me a definition of ‘Joint Venture’?
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.
How are Joint Ventures ethical business practices?
Joint Venture experts are able to see the links to be made that will create value. They look beyond their own interests and their own business and products and services. They create value and they make sure they are fairly compensated for the value they create.
Can you give me a Joint Venture example?
My friend, Steve, lends money to businesses. It’s called Bridge Financing. He’s looking for people to invest their money with him so he can lend it to others. And he’s looking for people who want to borrow money from Him.
If you introduce Steve to someone who has money to lend him, he will pay them 12% on their money and he will pay you 10% on their money. He will then lend that money out at 36%, so he (Steve) makes 14%.
If you send someone to Steve who borrows money from Steve, he will pay you 10% on the money. So you make 10% per year on other people’s money. Everyone wins. The lender gets 12%, Steve gets 14%, and you get 10%. The borrower pays 36%.
Now you understand. You don’t have to explain or sell or persuade. You just have to tell people that they can get 12% on their money from Steve, and then send them to Steve. He does all the work and you get 10% per year on other peoples’ money.
What are the benefits and advantages of Joint Ventures?
The advantage of Joint Ventures is that you will be able to offer a unique, powerful solution that EVERY SINGLE business owner wants more than anything else - Massive, overnight cash flow, sales and profit increases with no money and no risk, using YOUR Joint Venture Broker Services! Also:
- There’s NO limits on your income.
- You can get started for almost NOTHING.
- There’s near ZERO overhead and near 100% margins.
- You can achieve exponential growth of your passive income.
- There’s no products, no inventory, no administrative hassles.
- You work on your own time, by your own rules.
- There’s huge profit potential in any industry you can think of.
- It’s easy to get started, work from anywhere in the world.
- All you need is a telephone and email access.
Where should I start?
Start by reading Joint Adventures – How Anyone Can Create Financial Freedom with No Cost or Risk, Using Joint Ventures.
You will get many such answers in this book. All you have to do is take action. Do one thing at a time. Follow instructions. You will get specific instructions in the book. Just DO it. After reading the book, you will see that we make money by introducing people to solutions and being well paid for it.
How do I find the right people to work with?
One of the most common questions I am asked at the seminars, talks, and Bootcamps I present is, “But, Robin, how do I find people to Joint Venture with?”
That’s why we started the DollarMakers Joint Venture Forum. Good people were invited to join and they invited their best people, and so on. And now that people from all over the world are applying to join, we insist they agree to adhere to our Code of Ethics and we watch them carefully. Any deviation and we unceremoniously kick them out.
So that’s on way to find good Joint Venture Partners: simply join the Forum!
Another way to find good Joint Venture Partners is to start with your N.E.E.R. relationships – your Naturally Existing Economic Relationships – people whom you know and trust and have done business with in the past. (There’s much more about setting up such relationships in the book.)
Excerpted from the Phenomenal, Life-Changing Book Joint Adventures – How Anyone Can Create Financial Freedom with No Cost or Risk, Using Joint Ventures by Joint Venture Expert, Robin J. Elliott.