If you check off three or more of the following…

1. My expenses increase along with my income – I just can’t seem to get ahead.

2. I experience “Feast or Famine” in my business – busy periods and quiet periods.

3. My profit margins are continually shrinking as costs increase.

4. My competition is forcing prices down.

5. It’s so hard to get good salespeople.

6. There’s more and more competition out there – we’re all eating from a shrinking pie.

7. I work harder and harder, longer and longer hours, just to stay ahead of the game.

8. Foreigners and immigrants offer the same products and services that I do, but much cheaper / My competitors hire cheap, illegal labor and undercut my prices.

9. My type of business is not as lucrative as it used to be / it’s a dying industry.

10. I can’t duplicate myself in my business so I can’t stop working.

DON’T sell your kidney on EBay. Don’t check the suicide clause in your life insurance policy. Don’t ask where you can buy an untraceable gun to kill your competitor (or customers!)

DO seriously consider the freedom, flexibility, and financial windfall that Joint Ventures offer you. Create multiple, increasing streams of passive income with no cost or risk, no overhead, very little time, no income or geographical limitations… and all of this FAST, with Joint Ventures.

For more information, visit www.DollarMakers – NOW.

How to Approach Someone for a Joint Venture

Before approaching anyone to do a Joint Venture, you should have done your due diligence and established the integrity of that person. That’s why we encourage our Members of the DollarMakers Joint Venture Forum to work only with other Members, who have agreed to abide by our Code of Ethics, instead of strangers. That is also the reason why it is in our Members’ best interests to grow the Membership in order to expand their JV partner options. Doing your due diligence might mean a Google, a credit check, a Better Business Bureau check and even a police check, as well as talking with their competition, suppliers, vendors, landlords, customers, neighbors and staff.

Once you have established the integrity of your potential JV partner, learn as much as you can about their business from the same sources, so that you are well prepared and knowledgeable about their business, demographic marketing target, profit margins, problems, aspirations, strengths, and weaknesses.

Here’s the kind of approach I would use. I would make sure that my packaging is intact, so that I can project credibility, focus, professionalism, integrity, and success. Then I would deal only with the owner / decision maker. My approach would be based on what I had learnt about them and I would ask them questions like, “What is it that you want for your business? What problems do you need solved? What goals do you have?” before I start telling them what I can offer or what I know about them. You learn by listening, not by talking. Once they start telling you what they want and you interact with them, they will quickly realize that you have done your homework.

Remember that your target has no interest whatsoever in you or your goals or problems; they are only interested in themselves. You are there to help them to get what they want, and you expect to be well paid for solutions you deliver. You will get that in writing. You will not be desperate. You are not a salesperson or an employee. You are their equal. You will not be managed or controlled – you will collaborate with them, and you will remove the risk and cost and time barriers to them doing business with you. The return on investment has to be good for both parties, not one-sided. Many of our members initiate the first meeting by sending the potential JV partner a copy of my book and referring them to their Replicator JV website. This sets the context and educates the prospect prior to your meeting.

“If I can bring you closer to attaining your goals, what specific remuneration can I expect per customer / order / event?” Do not reveal your modus operandi, your sources, or your action plan or give them the names of other JV partners before getting the agreement in writing. Be very specific, make notes, and beware those red flags:
They don’t make eye contact when they shake your hand.
They’re late for the meeting or late responding.
They take calls during the meeting.
They talk down to you.
They offer you ridiculously low incentives / commissions.
When you get a gut feeling that you are dealing with the wrong person, LEAVE. YAHOO! You Always Have Other Options!
Be very specific. People who say, “I’ll see you around nine” or “About a week from now” or “More or less 20%” are playing games and manipulating. If they refuse to be specific and commit, walk away. You do not need them. You are not attached. Hold them accountable to what they agree to. Make sure you can back out of any JV at any time should you discover that you’re dealing with losers. Do not be awed by the appearance of wealth or success.

This mindset has made millions of dollars for JV Brokers. Be strong, professional, committed, focused, and sincere.

For more information on Joint Ventures, please visit www.NoMoneyNoRisk.com

Robin J. Elliott

YAHOO!

If you have read my article entitled “Attachment”, this is the natural follow-up. YAHOO stands for You Always Have Other Options. That is something that becomes clear when one understands Joint Ventures. Everybody is replaceable and nobody can control you or your business any longer. You don’t have sleepless nights and all of a sudden, you can live with congruency and integrity, which, according to Stephen R. Covey, is essential to happiness. Living according to your own values is not negotiable if you insist on a harmonious life. You ALWAYS have other options.

I once had a meeting with a very smart mentor of mine, about a business problem I was experiencing. He told me, “Robin, you are emotional. You have come for my advice. I am logical and objective. I am giving you my opinion. I am not asking for your advice, sanction or permission. Don’t argue with me. That is my opinion and advice to you; take it or leave it. You have many options, which you might not see in your current state of panic. This, in my opinion, is your best option.” What wonderful advice! I took his advice and solved my problem.

The application of this knowledge that we always have other options is to realize that we are not aware of all our options but that somebody is. When you decide who you want to illuminate you as to your options, choose someone whom you like, respect and trust. Now when you go to the doctor, you don’t argue with him about his opinion – if you do, he should kick you out of his office. The same goes for your mentor – do not second-guess him – thank him, then take his advice or don’t. And if you don’t, don’t expect more where that came from.

It’s important whose advice you take. Do not ask losers for their advice. I have met many “coaches” who need serious psychological assistance and “consultants” who should not be allowed anywhere near a business. They should rather find work as bureaucrats, mystics or politicians. Paul J. Meyer said, “Never be limited by other people's judgments, opinions, prejudices, or tunnel vision.” Once you have decided on your course of action, be single-minded, and don’t be distracted or slowed by the wrong people. Marcus Aurelius said, “The opinion of 10000 men is of no value if none of them know anything about the subject.”

Joint Venture Brokers are in the privileged position to access the minds of some very clever people, to learn about a diverse range of subjects and to develop a very wide frame of reference, which is extremely useful when it come to thinking outside the box and seeing new options. Learn more about Joint Ventures at www.DollarMakers.com

Robin J. Elliott