Dollarmakers.com BLOG

Monday, February 19, 2007

Before you do a Joint Venture, Make Sure you Qualify your Prospective Partner

Prophet of Profit Robin J. Elliott discusses the NEED to qualify your prospective Joint Venture partner before you do an sort of JV with them. He goes into the why and the HOW of taking the necessary step.

More Joint Venture Advice at www.jvwisdom.com

A Lesson at Dinner


At a dinner party on a rainy winter night in Vancouver last year, I made an amazing discovery. One of the host’s friends was an orthopedic surgeon who attended a marketing seminar in the early nineties in Los Angeles. We were surprised to find that we had both attended the same $5,000, three-day seminar; he had flown to LA from Canada and I had traveled from South Africa. But that was not the most surprising discovery.

The surgeon had received the same home study course that I did, prior to the seminar in LA. He admitted that, due to his busy practice, he had decided to postpone reading his course until after attending the event in Los Angeles. I had voraciously consumed the home study course, enthusiastically implemented the concepts and doubled my income before I even left for LA.

After the seminar, we returned to our respective countries. The surgeon was too busy to start applying the principles and systems, so he procrastinated and eventually forgot all about them, while I built my entire business on them. I quadrupled my profits within six months. As time went by, the surgeon’s practice declined and he experienced cash flow problems. S many years later, we sat around a table, ate salmon, and reminisced. And here’s the sad part…

Sadly, the surgeon has since contracted cancer and died. His wife, also a physician, has severe financial problems and wishes they had applied the powerful technologies that we learnt so long ago in the City of Angels. Their business would have been vastly different and they would never have had any money issues had they used the tools they paid so much for.

Every weekend from January through June this year, I conduct my Joint Venture Broker Bootcamps. When I look into the eyes of the eager Delegates who each pay me $500 to attend the one-day event, I remember the surgeon, and I do my best to inspire my audience to make use of the tools they buy. We don’t know what the future holds for us. What I do know is that people who use these Joint Venture systems to create multiple rivers of passive income will be able to weather the storms of life easier.

Robin J. Elliott www.DollarMakers.com