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Think Big in Joint Ventures

Written by: Robin Elliott

Article Overview: The WHY is much more important than the HOW. Knowing that there is gold in the mountain and that it can make all your financial dreams come true is more important than how to mine the gold.

Think Big in Joint Ventures

Our DollarMakers Joint Venture Forum Members can earn significant commissions by bringing us business though recruiting new Members, enrolling people in Joint Venture Broker Bootcamps, marketing our products, etc. I recently had a very interesting conversation with a certain Member. His question was not, “How can I recruit a few new Members and make some money?” Instead, he sat down and worked out a plan whereby he could put a Joint Venture in place that would bring in a thousand new Members in three months. This would earn him significant income, as he could negotiate a sliding scale of commissions on such a large number.

His thinking was very significant. He wasn’t thinking about his own database or his local Chamber of Commerce as sources of new Members. He started out thinking about the number of entrepreneurs and business owners worldwide that would benefit from joining the Forum. Millions! Then he thought about all the people in the world who didn’t own businesses, but who would like to join in order to get in touch with people who wanted to do Joint Ventures. Many more millions! So he was thinking big in terms of numbers and money. The key is to start with the big picture. The WHY is much more important than the HOW. Knowing that there is gold in the mountain and that it can make all your financial dreams come true is more important than how to mine the gold.

Having realized the huge potential income available to him, this Member then started thinking about strategies to reach people worldwide with our Joint Venture opportunities, Membership, training and products. By thinking big, he had his priorities and motivation in order. Would you cross a busy street to pick up a penny on the opposite sidewalk? Probably not – it’s a small goal. Would you cross the same street to pick up a bag with a million dollars in it? More likely, right? Big goals drive the process, carry us across the hurdles, keep us motivated and awake and attract a lot of assistance.

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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.
Joint Venture - How did the seminar go yesterday? Joint ventures can open up so many possibilties and are a great way to promote your products and/or services to a whole new and with the right base, to a targeted audience. Chris


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