Watch the Apprentice and you’ll see Donald Trump doing it with a number of other partners. British Telecom and AT&T did it in 1998. Now Yahoo and EBay and also Dell and Google. Ford and Mazda did it. So did Toyota and General Motors, Sony and Ericsson, Texaco and Royal Dutch Shell… Verizon Wireless, with 51.3 million customers, is a joint venture of Verizon Communications and Vodafone Group, with 55 and 45 percent ownership respectively. I could go on all day, but the fact is we see Joint Ventures all the time with large business. It’s been going on for centuries. Why? Because it makes a lot of sense. It makes EVEN MORE sense when small businesses do it, especially when they do it with no money and no risk!
If it’s good enough for Wal-Mart, Sony and Pfizer, Disney and Nike, it will probably work for you, especially since you have nothing to lose. I recently talked with a friend of mine who is an expert in asset protection. He told me that most rich people have always used this system to protect themselves. It’s nothing new. It’s just that average people are not aware of it. The same goes for Joint Ventures. It’s really not rocket science. All it takes is a basic and objective understanding of value, money, supply and demand, and leverage. The biggest enemy of Joint Ventures is ego. This is usually what prevents small business owners from taking advantage of this smart money making system.
The smartest people I know are brokers. They are free of overhead, risk, employees, inventory, limitations, barriers and cash flow problems. They link people up and triangulate deals and spend relatively little time doing it. The returns are unlimited and all 100% profit. You don’t have to sell your own products or services or even own a business in order to broker Joint Venture deals. You don’t have to know much about the businesses you deal with. Short learning curve, long passive income period, low or no risk or cost, high return – it doesn’t get better than that! High tech, low tech, slow tech or no tech, it doesn’t really matter which business you deal with or where it’s located – the principles work. And when a deal goes south, don’t worry – if you set it up correctly, there’s no loss!
Here are three ways that you can lose with Joint Ventures: First, deal with the wrong people. Second, you don’t understand the concept. And Third, you don’t take action. The DollarMakers Joint Venture Forum was created to provide Joint Venture partners and the training and support necessary for anyone, anywhere, to ride the Joint Venture Magic Carpet to Financial Success. This is my Personal Invitation to hop on board and fly away from the frustration, fear and failure that so many small business owners have to cope with every day. No more “feast or Famine”, no more creditors knocking and no more sleepless nights. Unless you’re partying with us in Hawaii at our DollarMakers Breakaway Event, that is.
For more information, visit www.jvwisdom.com– you’ll be glad you did!
You Should Also Do It. - To learn more about this author, visit Robin Elliott's Website.
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