Robin J Elliot is the first person i met who has committed himself as a joint venture broker. his words are the best i have found and i do promote dollarmakers to anyone in business or looking to generate other income streams.
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Joint Adventure: #175
Understanding the Concept of Joint Ventures
by Robin J. Elliott
Too many people make Joint Ventures too complicated. They “feel overwhelmed” and “don’t know where to start”, when it’s really as simple as ABC. When you respond to a need and make a referral, which you do every day, simply monetize the transaction and build in residual income wherever possible. And in many cases, the reciprocal value doesn’t have to be money – you can trade anything, as long as the one making the money reciprocates!
Here is an example of a JV: We all have tons of books, CD’s, educational programs that we paid too much for at overpriced seminars, DVD’s, and audio programs at home, most of which we will never look at again, if we ever did in the first place. Yet we continue to buy new stuff. How about twenty friends decided to have a little swap meet, get together for pizza, and swap their CD’s., etc? Everyone would get excellent value, at no cost!
Here’s another example: Marketing is usually confused with selling. Using attraction marketing is a very powerful and effective way to get more customers. Instead of selling stuff, give stuff away! Especially when it doesn’t cost you anything! Joint Venture with people who want to get their products and services into the market place by giving away their Gift Certificates for courses, consultations, cleanings, evaluations, samples, reports, conference calls, etc., and everyone wins.
Examples:
Give away Memberships at no charge click here
Give away newsletters: Click here and here,
Give away e books: click here
Yet another example: I was in England last week, and a good friend’s wife is very connected in Africa. I thought of another friend of mine in Canada who can almost certainly do business with her, so I e-mailed him to ask exactly what commissions I would receive if I connected him with my African connection. If I like the commission structure, I will send ONE e mail to make the connection, sit back, and wait for a check.. That easy.
One more example: JV’s can be TRIANGULATED: Those are the best, easiest, and most lucrative. Connect Tom and Peter, and collect an ongoing commission on any business they ever do, as with my African connection illustration above. I had a fellow distribute someone else’s complimentary report to his database, and it earned me ten thousand dollars – total time invested: 30 minutes. Risk: none. Cost: nothing.
You can trade anything in JV’s – people have traded my JV Broker Bootcamp tickets for beef, pots and pans, advertising, hotel rooms, you name it. You can be as creative as you like!
One caveat here: You should only do business and set up Joint Ventures with good people whom you know, like and trust, or have been referred to you by trusted friends, hence the DollarMakers Joint Venture Club.
Online “JV’s” with anonymous people can hurt you and your reputation more than you can imagine.
With the right training, access, and support, anyone can make money and even retire through the power of Joint Ventures. I have; twice.
Robin J. Elliott www.DollarMakers.com
President, Elliott Enterprises, Inc.
Vancouver, BC
Email: robin@dollarmakers.com
Robin J. Elliott has been officially accepted as an Honored Member of America's Who's Who of Outstanding Professionals 2006 and was included in the International Who's Who of Entrepreneurs in 2002. Check out Robin's BLOG here.
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