Optimizing Your Time as a Joint Venture Broker

Would you work for minimum wage? Your answer is probably an emphatic, “No!” Then why do you? Many of us would insist that we would never accept a minimum wage job, yet we spend a lot of our time doing minimum wage work. Pay someone else to do it. Optimize your time. Don’t spend your $1,000 per hour skills on $10 per hour work.

Carefully select the JV’s you get involved with. Reject the wrong ones. Good JV’s will attract more good JV’s, because the good people are involved in good JV’s and like attracts like. Go with your gut. An excellent JV relationship will flow easily. You will find yourself at peace and relaxed during and after the negotiations. You will clearly understand the terms and conditions, financial transactions and potential. You can remove risk, selling, and minimize the time involved in a good JV.

If your JV’s involve a similar demographic / psychographic market, you can cross-sell and upsell your JV’s. I don’t even consider any JV that won’t bring me at least $1,000 passive income per month. Only work with people you like, respect, and trust. Look for potential and look for a solid track record. Minimum time and involvement, no cost or risk, maximum leverage and optimal income potential should be your goal. When a deal becomes one-sided, walk away fast. Look out for Red Flags.

Don’t go to a physical meeting until you have done your due diligence and determined why you need a face-to-face. Use e-mail, phone, Internet and clustered meetings. Protect your time and reputation. Pay people to wash, fix, and drive your car. Pay house cleaners and gardeners and use technology to optimize your time. Spend 80% on your efforts on short-term income JV’s, 10% on medium term returns and 10% on long term JV’s. The short terms often attract, introduce, or become medium or long terms. Use timelines, action plans, goals and targets to keep track of results. It’s all about the bottom line. Is it worth your time?

There are three types of people: Dollar Takers, who waste your time and irritate you instead of producing results, They whine and complain and name and blame. Avoid them. Dollar Fakers are the conmen and swindlers who prance around with their coiffed hair and expensive clothes and fleece the sheep. Shun them. Seek out the DollarMakers. Deal with professionals and avoid losers and those who have no money but talk a lot: big hat, no cattle.

Robin J. Elliott www.DollarMakers.com

Joint Venture Red Flags

After more than 20 years of doing Joint Ventures, I have learnt that there are a few red flags to look out for:

1. Recently, a friend of mine remarked that person who presented a certain “business opportunity” spoke very fast, and it was a complicated and involved process. That is a definite sign of a scam. Keep them confused and let them feel slightly dumb when they don’t understand the intricacies of the plan. Red Flag – get out fast.

2. When you’re offered shares or a ridiculously high return on investment in some faraway place, gold mine or factory, like in mainland China, or especially in Africa, where the government can easily close the business, nationalize it or simply seize it, or terrorists can simply burn it down or steal it, it’s red flag.

3. When you feel animosity, arrogance, passive or overt aggression, jealousy, or any other negative emotions in the room, it’s red flag. Also when people are overly friendly and gushing, and ESPECIALLY when they start talking about religion or how much they love people, or when they belong to a cult. Even the one that is popular with film stars.

4. Watch out for pyramid schemes, even when they claim there is a product involved. There's often an element of secrecy involved as well. There’s usually a large investment required and your return on investment seems inappropriately high. These schemes usually ultimately collapse, leaving a few very unhappy people in its wake, and few reputations in shreds, along with some lawyers’ letters. Red flag!

5. One-sided deals: when you find that your database is being raped and the other party never intended to reciprocate. Usually, this is evident right at the outset, when the other party does most of the talking and shows very little interest in your product or service. Red flag. Set the deal up so that there are interim checkpoints where you can evaluate the contributions of both JV parties.

6. Internet Anonymity: I know of a 19 year old posing as a JV genius on the Internet. Be careful of people you find on the Internet - they are often not what they seem to be. Can you meet them for coffee or see their house? Can you talk with them on the phone? Are they being endorsed by other Internet ghosts? Red flag.

7. Urgency: pressure usually denotes a scam or financial desperation. "If you don't grab this, someone else will!" OK - let them have it. Red Flag. Don't deal with people who need money.

A Joint Venture should be easy, generous, fair, win/win, flowing, relaxed, and natural. It should be risk free and not take a lot of time or selling. It should not cost you money. It should have great potential.

Robin J Elliott www.DollarMakers.com

Small Business Owners Still Struggle with Balance

According to the latest release of the results from OPEN from American Express Small Business Monitor, which is a semi-annual survey of small business owners, entrepreneurs are struggling with finding balance in their lives.

After reading thse statistics, you will see why Joint Ventures is the missing link to business growth, as well as the removal of risk and barriers. Business owners want time AND money.

- While business owners recognize the importance of "down-time" in their lives and most are satisfied with the amount of leisure time they have(81%), most report that carving out this time does not come without stress.Two-thirds of business owners (64%) find it stressful balancing their personal life and their business. Women business owners are more stressed by work/life balance than their male counterparts (71% vs. 62%).

- Two-thirds of business owners (67%) report they find themselves making sacrifices in order to be an entrepreneur. Among those who feel they are making sacrifices, family (52%) and friends (42%) are areas where they make the most sacrifices, followed by personal finances (36%) and health (35%).
Male business owners are more likely to find themselves making sacrifices in their personal lives in order to be an entrepreneur when compared to women (73% vs. 65%).

- As business owners find themselves trying to achieve balance, they identify flexibility as the most essential entrepreneurial attribute.One-third of business owners (34%) identify flexibility as the most essential aspect of being an entrepreneur. Following at a distance is working well under pressure (24%) and knowing the market (18%).

- Taking their own advice on the importance of flexibility, two-thirds of business owners (64%) report making personal time for themselves during the business day. Men are slightly more likely than women to make personal time for themselves (66% vs. 60%). Although entrepreneurs realize the importance of taking time for themselves during the business day, nearly half (45%) consider taking time off from work to pursue a leisure activity a 'guilty pleasure'. Female business owners are more than four times more likely than their male counterparts (18% vs. 4%) to consider ignoring an email as a "guilty pleasure".

- There may indeed be a connection between exercise and business success. Fifty-nine percent of small business owners report exercising several times a week with nearly one-quarter (24%) exercising every day. Nearly three-in-ten (29%) business owners with companies over $1 million in revenues say they exercise every day.

- The vast majority of entrepreneurs have the support of their significant other. Most entrepreneurs (89%) report a happy marriage or relationship with their spouse or significant other. Of those who report having a happy marriage, a similar number (81%) believe being an entrepreneur contributes to their happy marriage/relationship.

- Entrepreneurs are not only concerned with their own well-being. When making business decisions, eight-in-ten business owners (80%) take into consideration how their decision will affect their employees and their livelihood. In terms of offering employee benefits, nearly seven-in-ten employers (69%) believe it is important to offer healthcare coverage to their employees.

- Growth is a priority for a large majority of business owners. Over the next six months, seven in ten (71%) small business owners report planning to grow their businesses in a variety of ways. While most in this group (50%) plan to grow by selling more of the same product or service, one in five (22%) will introduce new products or services, and 14% will branch out into new markets or increase investments in their business (11%).

- For many, business is a family affair, and six in ten entrepreneurs (61%) who are parents would like their children to join their business. It will be interesting to see how many of these children agree!

Find out how to create multiple streams of passive income with no cost or risk, using Joint Ventures:
www.MomComesHome.com www.DollarMakers.com www.JVWisdom.com

Can your Life Guard Swim?

You know that it’s wise to swim where there’s a lifeguard on duty. You know that business is a risky thing, yet it’s necessary to do business in order to become financially free. 87% of new businesses fail in the first five years, and 87% of the remaining 13% fail in the next five years, so starting your own business is extremely risky. As a Joint Venture Broker, you can create unlimited wealth with no money and no risk, as long as you get the right education and guidance.

Unfortunately, many people use lifeguards who can’t swim! Yes, they choose business advisors and coaches who have failed in business or who have no money. They ask bank managers for business guidance – CRAZY! If your bank manager understood business, he or she would have a business and make real money! Employees and academics do not understand business. Imagine a teenager asking her schoolteacher for business advice! Certain bankruptcy will ensue.

An unknown loser who lives in a dog kennel with his second cousin and smokes pot can look like a Joint Venture expert on the Internet. Some of them even sell $97 books on Joint Ventures, with information plagiarized from the Internet. Would you ask a virgin for advice on childbirth, or a smoker for advice on how to be healthy? When you go to the dentist, would you like to know that he is properly trained and qualified? When you climb a high mountain, make sure your guide is qualified.

When we at DollarMakers.com tell people that we can guide them to retirement in one year, with more passive income than they need to live comfortably, even though they’re in debt, it’s because we have done so ourselves, and we have helped many others to do the same. We can swim. We can help people when they get stuck. We can warn them of the reefs and sharks and show them where to swim.

Robin J. Elliott www.DollarMakers.com

Get Out and Grow

Last week, Rika and I spent an idyllic five days in Cancun, where I spoke at the Pro Travel Network Convention. We stayed at a wonderful, fully inclusive, five star resort with multiple venues, services, restaurants, pools, water sport options, shows, and tours. One could lie in a hammock or snorkel all day, but we decided to explore all the options, so we discovered a lot more than the average guest did.

We GOT OUT. We explored. We swam with dolphins and saw great shows, tried out the a la carte restaurants, enjoyed the pools, snorkeled, and walked for miles. I chatted to a fellow who seemed to spend a lot of time at the bar, and he was blissfully unaware of all the options and experiences available. Many people go through life repeating the same old experiences and never expanding their frames of reference or comfort zones. They miss out on a big, wide world with abundant variety and opportunities.

Two years ago, Rika noticed that I was getting cabin fever in my study and encouraged me to GET OUT and visit a business networking meeting, something that I hate to do. Nevertheless, she is a very wise lady, so I took her advice (a swift kick in my behind helped as well) and loped off to the dreaded meeting, where I met a young American fellow who was enthusiastically hard selling the locals. I offered him some complimentary coaching on How to Sell to Canadians, and that single meeting resulted in hundreds of thousands of dollars worth of business, including Joint Venture Broker Bootcamps in Los Angeles and our upcoming New York City Bootcamp in September. It pays to get out.

Drag your fat behind away from your computer and television set, brush your teeth with the other hand, visit places you usually avoid, drive a new route, read a book written by someone who believes the opposite of what you do, push the envelope, do the uncomfortable, meet new people, take some risks and leave your comfort zone – GET OUT, and you will see that there is a world of abundance out there. Lose the comb over, change your habits, explore, and find people who will lead you to new heights of ambition and belief. You have the time and it’s not nearly as scary as you might think. You’ll never see a sea turtle until you get under the water.

Robin J. Elliott www.DollarMakers.com