Most people believe that the only Joint Ventures that will work are those in which the partners reciprocate financially:
“I bring you business, and you pay me an on-going commission on all transactions.”
- However, there are multiple other options. Let me share some real-life examples with you.
Are Referrals Valid Reciprocation?
I set up a successful, year-long Joint Venture with someone who preferred to reciprocate with business referrals. We tracked them all meticulously, and made sure both parties were equally rewarded in terms of qualified referrals. I went a step further, and tracked the accumulated profits from the referrals he sent me. This is what I found: had he paid me the regular commissions, I would have made about $14,000, however by selling my own products and services and adding my back-ends, I made $86,000.
Breathe New Life Into “Dead Inventory”
I was approached by a fellow who used to sell expensive, high-quality waterless cookware, which I call pots and pans. He wanted to attend our Bootcamp and offered to pay with a $3,500 set of his “cookware”. I accepted, and Rika and I still use his amazing cookware. And his sales increased dramatically by trading dead inventory for the skills required to create unlimited wealth using Joint Ventures. Win /win.
Exposure
A dentist client of mine, Kevin, offered a Seattle radio talk-show host complimentary dental services, and suggested, “Don’t pay us, but if you like the service we provide you, please let your listening audience know about it.” Well, Kevin told me that the resulting business they got was worth hundreds of times what the radio personality would have paid them for his dental work.
Trade and Barter
Trade and Barter companies, like Trade Exchange Canada and Barter Card, enable trade among their members, and if you e mail me I will be happy to send you a Trade Manual with my compliments: robin@jvblogger.com.
Beef?
Finally, DollarMakers Joint Venture Club Member hosted a Bocamp in Winnipeg. He told me, “I swapped a Bootcamp ticket for beef!” He had approached a butcher, who said he wanted more cash flow, and the butcher traded beef worth $500 at retail for a seat at the Bootcamp! I love that! This inclusive, win/win, solutions-based approach is what Joint Ventures is all about, and DollarMakers is at the forefront of sharing this wonderful message with people around the world who aspire to prosperity in every area of their lives.
