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Joint Ventures Create Passive Income

Written by: Robin Elliott

Article Overview: This is real world passive income, not storybook stuff.

Joint Ventures Create Passive Income

Yesterday, I said to Rika, “Our monthly passive income jumped by $600 today.” She replied, “Yes, that work paid off.” There are two types of passive income that result from Joint Ventures. The first type is a quick deal, very nice, happens, and is always welcome. The second is the most common, though – it is built on relationships and reciprocity and becomes the proverbial goose that lays golden eggs. Both work. You could arrange a Joint Venture today that pays you monthly/regular passive income for years to come, and other deals take a while, but are generally more stable.

A good example of a solid foundation for a reciprocal JV foundation is the one between DollarMakers and Nathan Gilder, (pictured right) who is also a Member of the DollarMakers Joint Venture Forum. Nathan is a gifted digital animator who would like more business. DollarMakers needs visual depictions to illustrate the process of Joint Ventures. I suggested to Nathan that we consider a JV where he provides us this visual communication in return for exposure via our websites, ezines ad this Blog. This is based on a very successful model that other animators used to piggyback on the exposure well-established political writers. Nathan, being a smart man, agreed. He did a fantastic job. Click Here to see the first animation he created for us with his team at Terrasynth, depicting DollarMakers as a Money Magnet.

And here’s the interesting thing: No money was exchanged, no commission structure is in place yet, and all we’re doing is building the relationship. Passive income is like water running downhill. Money always flows to value. It finds a way to get to you. If you’re creating a mountain of value for others, all the rain on the mountain will flow down to you. The rain represents money. It doesn’t always run the way you expect it to, but it always ends up in the ocean – your pocket. Value creates money. As long as your Joint Venture partners are honest, that is. And that’s why we created the Joint Venture Forum – so that honest, smart people can work together to achieve their common goals.

To feed your passive income, create massive value with the right people. Be patient, positive and professional. What goes around, comes around, and that is a law – sowing and reaping – that is as solid as the law of gravity. Just as you trust the law of gravity to prevent you from floating off across a busy highway, so you can trust the law of sowing and reaping to create multiple streams of passive, Joint Venture income. But it works a lot better when you use exact methodologies and proven Joint Venture principles, than when you just leap about, randomly doing good deeds. You can fast track your passive income by applying the JV technology provided by DollarMakers. Instead of scattering your seeds on rocky ground, you can plant your efforts in fertile ground and work with credible professionals like Nathan Gilder. To learn more, visit www.DollarMakers.com

Robin J. Elliott

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Related Forum Posts
Joint Ventures?? - I read this following paragraph in another business forum. Has anyone used joint ventures and had successful results? How do you go about setting up joint ventures? [quote:3vnvuml9]Joint Ventures have been, and always will be one of the most powerful marketing tactics ever, and for good reason. They are easy to set up, and they cost you nothing and if set up correctly will allow you to have more customers than you can handle! So if you promote a great product or service and want to expose it to more prospects, or you you seek ways to increase your sales, but aren't quite sure how to go about it you should definitely consider harnessing the power of Joint Ventures And the best part is that anybody can start using joint ventures to skyrocket their profits. It doesn't matter what you sell, or where you sell it.[/quote:3vnvuml9]
Re: Marketing a company - Get their contacts from someone who had been marketing to them before and do Joint Ventures with the guy
Free Ebook on Joint Ventures - Julie, you might be interested in the free ebook offer through Dollarmakers.com on Joint Ventures that has upto 30 variations for a small business to create joint ventures. Once you've read it I'd be happy to share more advanced ideas based on the book.
Different types of funding - Business Relationship Funding This is another source of funds that can be overlooked. It may be possible to introduce potential alliances to add value to both parties. It may produce an ultimate exit route in the medium to long term. Joint Ventures: Requires a legal agreement embodying the deal and another company Partnerships: Two companies collaborate with possible funding. Joint working relationships: These are an informal partnership which may be more project specific where the parties can share resources. Agencies: These can be geographical or product specific and generally incorporates a payment for the right to the agency. Distributors: Very like an agency but may not necessarily involve up front payment. Alliances: These do not require a separate company and can be embodied by a legal agreement to work together. Trade investors: Otherwise known as Corporate Partnering. This can be a good way to involve a much larger company in the business with a view to possible trade sale further down the line. Associates: This can be a loose arrangement with no fundamental commitments either way, rather like a preferred supplier. Equity Swop: Two companies exchange shares to a similar value to develop both businesses. Franchises: This can allow the business to grow without further direct investment. Licensing: This involves licensing a product or service to enable others to sell it. This requires you to own the intellectual property.
Re: What are your success criteria? - [quote="DwayneGarrett":1igrdgib]Out of curiousity, what has to be present for you to know that your business is a success? The top three things for me are: 1. Maintaining a 6 figure income year in and year out. 2. Creating and promoting my own products. 3. Income not solely dependent upon my personal effort. How about yours?[/quote:1igrdgib] I would have to say mine were: 1. Monthly Residual Income that exceeds all expenses by 110% 2. Free time to create and promote my own products (relies on #1) 3. 5% of all revenues generated by my team going to feed starving kids Now that is "feel good work".


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