10.31.07
Unlimited Income Potential from Joint Ventures
Imagine if you had ten solid Joint Venture Partners and each of these people was honest and professional and understood JV’s. And each provided a good product or services and paid generous, on-going commissions. If you think this is hard to achieve, it is, unless you have access to the right people, which is what you buy when you join the DollarMakers Joint Venture Club. Over 500 potential JV partners. Pick ten. I have twenty. OK. So now you have these ten good people. Let’s look at the income potential.
Imagine each partner as a letter of the alphabet. You have A, B, C, D, E, F, G, H, I, and J. If you selected your partners carefully, so that they all serve the same kind of demographic and psychographic target, which is what I teach, then the potential is that you could link A to each of the other letters, B to each of the other letters, and so forth. In other words, A sells to B’s database, B sells to A’s database, A sells to C’s Database, C sells to A’s database, and you get paid on all transactions on an ongoing basis. The potential from these ten JV partners is now ninety JV’s. All within the same group. I always recommend that my students not touch a JV that doesn’t have the potential to make at least $1,000 per month. That’s >$90,000 per month potential.
The best part is that this involves little time and work, no risk or cost, and no stress. It’s really very simple; if A sells travel, and B sells computer services, and C sells legal services, it makes sense that they can cross promote and cross sell, and that all these JV’s can run in parallel. Some of these JV’s will not work, for whatever reason. No problem! Nobody loses any money or sleep. The worst that can happen is that you don’t make any money, but you can’t lose any money either! Here’s the thing: if only one out of ten of these JV’s worked and they only made a measly $1,000 per month each, you would still be earning $9,000 per month in residual income, and if you built in good back ends, leverage and duplication, that amount would grow monthly.
I’m not a mathematician and I have enough business experience to be very realistic about my expectations, especially in a world where it’s hard to find honest, committed, professional people who actually work, but I have never seen anything as powerful as the principles of leverage and duplication, which JV’s give us. Through JV’s you have access to every resource you could ever want, and by acquiring and developing this mindset you have unlimited earning potential.
And it’s great fun to do business only with people you like, to do it with little time and no cost or risk, and to be as creative as you like, with no fear of failure and 100% profit, no overhead and the world your oyster.
Robin J. Elliott www.DollarMakers.com
