Three Simple Joint Venture Examples

Here are three simple Joint Ventures that anyone can do.

ONE: There are five competing tire and lube shops on the same street. (Or any other retailer.) They all charge about the same, all give the same 10% discount, offer the same “excellent service”, etc. No real differentiation. Lots of competition. You approach one of them and offer them a way to differentiate themselves from their competition at no extra risk or cost and attract more business – a larger share of the pie. You can translate boring discounts into exciting “Gifts” – the value of the gift is commensurate with the value of the discount. In other words, if someone buys a product for $100, his or her discount would normally be $10. Instead, they get to pick a “gift” valued at $10 for a range of five exciting, nicely packaged gifts. If they buy for $200, they get to pick from a range of “$20 Gifts”, etc. Place a large sign outside: “Your Choice of FREE GIFT with Every Single Purchase!”

You go out and buy the gifts for $10 and package them with specially printed wrapping paper with the business’s logo on it, and sell it to the business for $20. They give away the $20 gift instead of a $20 discount. If you’re really smart, you’ll sell it to them for $18, so they save $2! You still make $8 profit every time. They have to keep some inventory of gifts on hand, and you make money on every gift, every time someone makes a purchase in the shop! If there are 20 transactions a day in the shop, you make money 20 times a day!

You can do this with many different stores/ retailers/ businesses. 20 businesses with 20 purchases per day each = 400 sales per day, and you make money on every one. $10 profit per gift = $4,000 per day in your pocket. Plus, the store makes more money (saving on the discounts and getting more customers!) People would generally prefer a gift to a discount, as long as they have a choice. Here’s the thing: you can buy a radio in a Dollar Shop for one dollar. It could easily be “valued” at $10… Buy bulk and wholesale, and make even more money.

TWO: Get 6% per year income on other people’s money. They get 12% on their money, and you get an additional 6%. For more information on this one, contact me direct. It’s a beauty and I use it a lot. Unlimited opportunity, passive income, no cost, or risk. Easy.

THREE: Sell other Peoples’ advertising space. Sell the back pages in restaurant menus. Keep half the income. Sell window space in stores and keep half the income. Sell advertising space on gas station vacuum cleaners, on walls, in ezines, on websites and in newsletters. Put flyers, reports, and samples in Dentists’ rooms, pet shops, and beauty salons. Share the income with the business owners. This creates on-going, passive income for you.

See? Easy as one, two three! The difference between successful Joint Venture Brokers and others is ACTION, PERSISTENCE, and CREATIVITY.

Robin J. Elliott www.DollarMakers.com