Joint Venture Research
Joint Venture Research
There are four aspects to Joint Venture research:
1. The industry or industries you're targeting.
Be sure you are comfortable dealing with that industry, that it fits your public profile and values system, that it is aligned with your Mission Statement and identity, branding and business relationships. For example, you probably wouldn't want to get involved in the sex industry. You might want to avoid contentious or controversial areas like politics, religion or tax shelters. Also, have enough information or access to information about that industry before diving in.
2. The deal.
If you're good at Joint Ventures you can remove all the cost and risk. Don't think a contract is going to protect you, by the way - it's only as good as the people behind it. Triangulating deals (setting up a deal between two other parties and taking a piece of the profits) usually removes risk and cost if correctly set up. Make sure tracking and monitoring is in place and use the expertise of trusted others. Create a Memorandum of understanding that clearly defines the terms and options in the deal.
3. The people.
This is the most important part of any Joint Venture. Check them out - do your due diligence and research. Get references, do police and credit checks, even use a private detective if necessary. All that glitters is not gold and people claim some amazing things that are simply not true. Get specific information and avoid being bowled over by their charisma and sales abilities. Confidence tricksters use greed and ego to hoodwink their victims. Check them out. If they don't have any money, be careful; desperate people tend to do desperate things. Don't buy their stories. Look for a track record. If they're over eager and urgent, step back. Consider applying for Membership in the DollarMakers Joint Venture Forum - our elite members are carefully screened.
4. Education.
The more you learn, the more you can earn. We use Joint Venture Bootcamps and seminars, TeleClasses and JV Audits to educate and update people on Joint Ventures. Again, be careful who you're learning from. Unless the person teaching you has a personal success track record, they don't have the right to teach. Look for support, practicality and watch out for the "up sell" lurking in the shadows. Ongoing education in today's changing world will complete your research cycle.
Joint Venture Research - To learn more about this author, visit Robin Elliott's Website.
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Joint Venture experts know that there are a few guiding principles when setting up lucrative deals that provide ongoing, multiple streams of passive income and large, once-off windfalls. Research is essential before partnering up or even suggesting a Joint Venture to someone. Research is the foundation of successful Joint Ventures.
There are four aspects to Joint Venture research:
1. The industry or industries you're targeting.
Be sure you are comfortable dealing with that industry, that it fits your public profile and values system, that it is aligned with your Mission Statement and identity, branding and business relationships. For example, you probably wouldn't want to get involved in the sex industry. You might want to avoid contentious or controversial areas like politics, religion or tax shelters. Also, have enough information or access to information about that industry before diving in.
2. The deal.
If you're good at Joint Ventures you can remove all the cost and risk. Don't think a contract is going to protect you, by the way - it's only as good as the people behind it. Triangulating deals (setting up a deal between two other parties and taking a piece of the profits) usually removes risk and cost if correctly set up. Make sure tracking and monitoring is in place and use the expertise of trusted others. Create a Memorandum of understanding that clearly defines the terms and options in the deal.
3. The people.
This is the most important part of any Joint Venture. Check them out - do your due diligence and research. Get references, do police and credit checks, even use a private detective if necessary. All that glitters is not gold and people claim some amazing things that are simply not true. Get specific information and avoid being bowled over by their charisma and sales abilities. Confidence tricksters use greed and ego to hoodwink their victims. Check them out. If they don't have any money, be careful; desperate people tend to do desperate things. Don't buy their stories. Look for a track record. If they're over eager and urgent, step back. Consider applying for Membership in the DollarMakers Joint Venture Forum - our elite members are carefully screened.
4. Education.
The more you learn, the more you can earn. We use Joint Venture Bootcamps and seminars, TeleClasses and JV Audits to educate and update people on Joint Ventures. Again, be careful who you're learning from. Unless the person teaching you has a personal success track record, they don't have the right to teach. Look for support, practicality and watch out for the "up sell" lurking in the shadows. Ongoing education in today's changing world will complete your research cycle.
Joint Venture Research - To learn more about this author, visit Robin Elliott's Website.
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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John AlexanderJohn has taught keyword research and SEO skills to small groups of business owners and Webmasters from over 80 different countries world wide since 2002. John is also the Director of Search Engine Academy ; Co-director of Training at Search Engine Workshops offering live, SEO Workshops with his partner SEO educator Robin Nobles, author of the very first comprehensive online search engine marketing courses at SEO Training Online and the SEO Workshop Resource Center. I look forward to hearing from you! - Visit John Alexander's Website |
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