12/30/2013
Joint Venture Pro Says Most
Businesses Only Earn 10% of their Potential Net Profit
Isn�t
that a scary fact? Considering how hard you work, the amount
of time you work and the risk you carry, and you thought you
were doing pretty well! The good news is that you do a whole
lot better without any risk or cost and very little time.
You�re
not in business to make sales, retain customers, beat the
competition, or impress your Mother-in-Law; you�re in
business to earn the maximum net profit possible with the
least amount of time, cost and risk, right? Most of us tend
to forget that. There is a way to dramatically increase your
bottom line fast, with no cost or risk, and very little
time. It�s done through the use of Joint Ventures, and we�ve
been doing this for 21 years.
When
you set up a Joint Venture correctly, you earn 100% profit
on all the on-going income it creates. It�s the ultimate
back end. It takes little time to put in place and it
becomes a money machine, or as we like to call it, a
DollarMaker. And the reason why it�s so sweet is that it
leverages the resources, time, money, skills, and efforts of
other businesses. Multiple Joint Venture income sources
helps to reduce customer attrition, levels your income from
�feast or famine� to a predictable, stable flow, spreads
your risk, reduces your overhead and provides you with
additional sales.
Since
1987, I have taught business owners as well as those who do
not have a business, how to broker Joint Ventures.
Regardless of your circumstances, location, age, education,
type of business or level of success, and whether you have a
business or not, anyone can do this. It�s just a matter of
linking supply and demand. No selling, overhead, employees,
leases or licenses required. And you can create Joint
Ventures anywhere in the world. I teach people to do this
across North America and the United Kingdom.
If
this sounds �too good to be true�, you should know that
Joint Ventures are responsible for around 20% of the profit
of large companies � this is nothing new to the Fortune 500
sized business, yet only about 1% of the owners of small and
medium sized business understand and use JV�s. I increased
one profit center in my business from $4,000 to $20,000 per
month in just four days with one Joint Venture. It�s all
about leveraging existing resources and underutilized
assets, creating multiple JV income sources, and
understanding the concept of reciprocity and value.
Finally, if I was to ask the average business owner why he
doesn�t double his profits within the next two to three
months, he would have the average excuses: Not enough time
or capital, hard to find good people, not enough space or
equipment, the competition, margins, etc. And every one of
these excuses is removed through the use of JV�s, because
you don�t need these resources � other people have them! The
myths of business tell us we have to sell our time, work
hard, put in long hours and many years before we can retire.
With JV�s, you can retire in one year. You can double your
profits in a few months. You can create more referrals than
you can possibly handle. You can get rich. No fluff, just
the real stuff: real money, real fast, in the real world.
But
perhaps you�re still somewhat skeptical, and that�s quite
understandable in today�s world of scams, conmen, fast
talkers, and rip-offs. So let me share a real life example
with you. One of our DollarMakers Members in the United
Kingdom has a house cleaning business with two hundred
wealthy clients. He seldom communicated with them, and had
no back-end income in place. This is what I suggested he do
in order to double and then quadruple his net profit, and
it�s up to him to implement these simple, cost-free
initiatives:
-
We showed him how to get 18% per year on the equity in
his business, home, and private life.
-
Set up a monthly, hard copy newsletter to his customer
base, offering them one month of free house cleaning for
every customer they introduced.
-
Offer every customer a directory of services available
to them through trusted JV partners: Plumbing,
electrical work, renovations, furniture, landscaping,
carpet cleaning, accounting services, computer services,
consulting services, and much more. Each of these
twenty-five JV partners paid to be in the directory and
each of them agrees to pay a percentage of all resulting
sales to him as a commission, on an on-going basis.
-
Each month, offer a new Gift Certificate in the
newsletter, and any resulting business will earn him 20%
of the gross sales on an on-going basis. Examples:
Complimentary Interior Design Consultation,
Complimentary Home Theater Demonstration and Quotation,
Free Jewelry Cleaning / Evaluation, and so on.
-
Create and offer his own Gift Certificates for a
complimentary house cleaning to high-end restaurants to
distribute to their favorite guests as a sample of his
work to get new customers.
I
could ramble on, but you can see how practical this all is
and how it is applicable to virtually any business,
especially if you triangulate the deals and never sell your
own products, services, or time. Once you understand the
power of Joint Ventures, you will never have any excuse
again not to become wealthy and have more time and money
than you need. And remember what John Addison said: �Never
take advice form someone who is more screwed up than you
are. Jim Stovall said, �Only take advice for someone who
already has what you want.�
For
more information, articles, videos, Podcasts, interviews,
books, and more on this subject, as well as Membership and
access to hundreds of JV partners around the world, visit my
website:
www.DollarMakers.com
Robin
J. Elliott |
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