Joint Venture Pros and Cons

The Benefits Of Joint Ventures (Pros)

1. You can build long lasting business relationships.
2. You can increase your credibility by teaming up with other reputable, branded businesses.
3. You can get free products and services.
4. You can construct most joint venture deals with little or no money.
5. You can gain new leads and customers.
6. You can get discounts on products and services.
7. You can save money on business operating costs.
8. You can beat your competition.
9. You can gain referrals from other businesses.
10. You can solve your business problems.
11. You can save valuable time.
12. You can get free and low cost advertising.
13. You can offer your customers new products and services.
14. You can survive a depression, recession or a slow economy.
15. You can save money by sharing advertising and marketing costs.
16. You can target other potential markets.
17. You can expand and grow your business quickly.
18. You can gain valuable information or skills.
19. You can increase and protect your cash flow.
20. You can find new profit outlets.
21. You can become rich and wealthy.
22. You can start almost any business at little or no costs.
23. You can get rid of your extra inventory.
24. You can reduce and eliminate your debts and avoid bankruptcy.
25. You can afford to sell your products at a lower price.
26. You can increase your opt in or ezine subscribers for free.
27. You can get your web hosting and design for free.
28. You can save money outsourcing your workload for free.
29. You can find hidden income streams.
30. You can exchange useless products for profitable ones.
31. You can create new business funding and credit lines.
32. You can reduce your taxes.
33. You can find and create new distribution channels for your products.
34. You can give your employees more raises, bonuses and benefits.
35. You can even trade non business stuff to improve your personal life.
36. You can increase your sales and profits.
37. You can send your ad to huge, targeted email lists at no cost.
38. You can eliminate employee hiring costs creating barter outsourcing deals.
39. You can build your customer or opt-in list for free.
40. You can build profitable alliances with other businesses.
41. You can learn insider information from other experts at no cost.
42. You can test your product for free.
43. You can out-sell other bsuinesses, competitors and affiliates much easier.
44. You can increase the number of affiliates /associates you have.
45. You can offer more bonus products and incentives to buy.
46. You can get highly credible endorsements and testimonials from other experts.
47. You can quickly increase your ezine subscribers.
48. You can offer your products at lower prices than your competition.
49. You can easily find new up sell and backend products to sell.
50. You can create products faster and with less effort.
The Author of the above: Gunnar Berglund

The Cons: Dealing with the wrong people
Learn about Joint Ventures - how to succeed, and how to avoid dissapointment: Click Here

Ice Fishing

You’ve heard about the fellow who decided, after some heavy drinking, to go ice fishing. So he packed up all his equipment, his auger, catchcovers, catchcover sleeves, scoop, rods, reels, lines, bait, bobbers, split shot, ice pick and propane heater, and of he staggered, down to the ice. He picked up his auger and was about to start cutting the hole, when a voice boomed down from above: “There are no fish under the ice.” He shook his head. Was he hearing things? Must have imagined it. So he started again, and again the voice rumbled, “I said, ‘There are no fish under the ice!’” The drunk looked up and asked nervously, “Is that you, Lord?” “NO!” the voice replied, “This is the Ice Rink Manager!”

Rika and I decided to take the scenic route back from Kelowna, BC, where I delivered a talk last week. On the way, we saw some people ice fishing in the middle of a lake. So we pottered across the lake and went to talk with them. This was the first time we’d ever seen anybody ice fishing. The friendly fisher folk told us very interesting stories. The ice was twelve inches deep. Fascinating! Anyway, it reminded me of the joke, above.

In life and in business, I have found that we often waste time getting information from the wrong people or dealing with the wrong people. We tend, sometimes, to fish where there are no fish. It’s like asking a bank manager about a business opportunity or a virgin about childbirth. With time so valuable, we should be very clear about how we spend it, and whom we spend it with. I talked with a chap recently who told me he attended ten business networking meetings and only met one good prospect. When he factored in the wasted time, gas, parking, membership fees, and so on, he felt he had wasted a lot of time an money, fishing where there were no fish.

There’s a simple rule of thumb to prevent disappointment: Do your due diligence and qualify people before you spend time on them. Check them out – Google them – do a Better Business Bureau check – ask for references and testimonials – call your friends and ask if they know them. Ask more questions. Be direct. Spend more time on the phone and e mail qualifying them before you give away information or go to a meeting with them. Ask them if they can make a buying decision and if they have the money and authority and when they intend buying or deciding. You will save time and money and catch good fish. Joint Venture with the right people: Click here

Sample Joint Venture Marketing Agreement

Some of you insisted on seeing samples of what JV agreements look like, including joint venture declaration forms, sample joint venture agreements, mining joint venture agreement form, etc., so here they are.

But please remember, the most important part of a JV is WHOM you're partnering with.

For more on JV's, Click here.

For those sample agreements, Click here.

Joint Venture + Non-disclosure Agreement

Many business owners are intimidated by the belief that they need intricate and expensive joint venture agreements and non-disclosure agreements. They are literally held back from massive increases and profits by this erroneous perception.

The key to successful JV’s is to understand the process and principles, and, most importantly, to meet the right people. You can institute a very successful JV with no money and no risk, without a written agreement. I have done successful JV’s for eighteen yers, and only three ever had agreements in place. In fact, the most lucrative JV's I ever did were done on a handshake, with no risk. For more information, click here.

Advantages and Disadvantages of Joint Venture

Smart entrepreneurs and business owners know that Joint Ventures are the fastest and most effective way to radically increase sales and profits with virtually no money and no risk, as long as its done correctly.
The Advantages of Joint Ventures are speed, access, sharing of resources and the leveraging of underutilized resources, high profits, back end income, low or no risk opportunities and massive leverage.
The Disadvantages of Joint Ventures are the possibility of being ripped off or disappointed by unscrupulous and unprofessional JV partners, and hurting your reputation and/or customers and associates by associating with the wrong people, even unknowingly.
There is a way to locate and contact really solid JV partners, however. The DollarMakers Joint Venture Forum might be the solution for you. We carefully screen Members and the support and education provided are very effective. For more information on the advantages and disadvantages of joint venture, and on the DollarMakers Joint Venture Forum, Click here.