Broker Joint Venture Deals – 16 Fast and Easy Ways to Make Money
A Joint Venture (JV) is also known as & # 39; trade agreement & # 39; & # 39; strategic alliance & # 39; or & # 39; strategic alliance & # 39; . Probably the simplest definition is that Joint Venture is a strategic partnership in which everyone wins between two or more companies or individuals who agree to take advantage of the resources of others to achieve common economic goals. Resources can be in the form of technology, relationships, access to existing clients, experience, knowledge, credibility, employees, facilities, finances, etc.
Examples of simple, profitable and simple joint venture offers
Here are just some examples of JV agreements you can negotiate:
2. Reciprocal arrangements
3. Share resources
4. Promotional associations
5. Create profit centers for companies
Let's see each one in more detail.
Method # 1: Tollgating
Tollgating simply means finding a group of people with a high enough demand and connecting them to the source of supply. It is then placed between them (as a toll collector) and collects money as buyers go through the toll booth. This method is also known as "Triangulation".
Examples of Tollgating:
1. Let's say that in your local area, there is an Association of Architects. Let's say you have at least 50 members and socialize weekly. If you can persuade them to meet once a week at a specific restaurant or hotel, you can arrange an agreement with the owner of the restaurant / hotel to give you a percentage of your weekly bill.
2. Another way you can take a toll is to find successful businesses. There are companies that are really rejecting customers because they can not meet the demand. Make the clues happen to you. Then, you can direct these leads to another business that will do all the work. Then, collect commissions for each potential customer converted.
3. Locate someone with a product to sell, and find someone who has a list of customers who have a strong desire for the product in question. Have the owner of the list back the product and you charge a commission for each sale made.
4. When a company goes bankrupt, make money locating someone who is willing to: buy the old inventory, buy the old phone number to convert the callers, buy the customer database, fulfill the pending orders, assume the lease, etc.
Method # 2: Reciprocal Arrangements
This is a type of I-scratch-your-back-you-scratch-scratch-mine array.
The fact is that every business has strengths and weaknesses, and many business owners do not know how to compensate for their weaknesses, thus producing problems. But a smart JV broker like you can address this by associating companies with complementary qualities so that together they are stronger and more profitable.
Examples of reciprocal agreements:
1. Barter: a magazine may agree that a restaurant pays a month's advertising by letting the key staff of the magazine eat for free for a certain period of time; A marketing consultant may agree to help a fitness professional generate more potential clients in exchange for personal training.
2. Connect two businesses with products / services that complement each other. Ask them to take advantage of each other's customer base by having them continually subscribe / promote the assets of others to their own customers. For example, you can organize a beauty spa to promote a health club in the future (and vice versa); or encourage a hairdresser to "reward" their loyal customers with gift certificates from a restaurant, and thus drive customers for life to the restaurant. In all cases, it charges a commission on the resulting sales.
Method # 3: Share existing resources
You can take advantage of existing resources that are underutilized and make money in the process.
Examples of shared resources:
1. You can start the career of a jewelry designer by making arrangements for her creations to be displayed along with the products in an elegant retail store that sells designer handbags. The jewelry designer does not pay rent, but pays a commission to you and the owner of the retail store each time you make a sale.
2. You can earn passive income if you find student tenants for owners in your local area. You can semi-automate the process by giving a list of local adaptations to a person working in the Admissions Office of major universities / schools in your area and ask them to actively help student applicants find accommodations. Be sure to reward your contacts, of course.
3. Licenses: if you have (or know someone with) a system, intellectual resources or any non-perishable intangible that other people are willing to pay, you can simply grant them rights to use these resources in exchange for a small fee. You can obtain a software license, hard-to-obtain information, a useful research finding, a specialized team, etc. Bob Serling has a lot of resources about licenses.
4. Piggybacking: you can take advantage of an existing infrastructure easily. For example, you can insert your promotional brochure into the envelopes of a national direct mail company that already sends 100,000 letters per month to your existing subscribers. Accept to give them a percentage of their earnings.
Method # 4: Promotional Associations
Are you (or know) someone who is an expert salesperson / seller? You can partner with someone who has a product / service to sell but who has no idea how to sell it.
1. Become an agent: you can help book speakers, bands, artists, artists, interpreters, etc. and receive a good commission
2. Affiliate Marketing: You can market / sell other people's products and get a commission for each sale made. If you do not want to sell, you can get someone else to do it for you. You can also search for businesses without affiliates, set up your affiliate program, recruit affiliates, let them do all the sales and marketing, and then simply charge a small commission.
Method # 5: Create profit centers for existing businesses
It is a fact that many people who are in business do not know how to continuously obtain a steady flow of buyers.
1. Grouping: you can add a complementary product or service to an existing one with already existing distribution routes and charge commissions. For example, most real estate agents can earn more money and provide better service to their customers if they also recommend services such as moving, interior design, plumbing, electricity, plaster, etc. to all the people to whom they sell a house. But most real estate agents do not know it, so you can set up this agreement and make a profit.
2. Encourage restaurants to sell advertising space and get paid for finding advertisers. Restaurants can make money by displaying ads in their bathrooms, on the back of their menu, on their wide-screen TVs or even on their bulletin boards.
3. Do you live in an area where there are no dentists / restaurants / bakeries / liquor stores / 24-hour entertainment centers? You can enter into an agreement in which the owner of a business agrees to allow another person to use their existing facilities at times when they are usually closed in exchange for the rent money or a percentage of the profits.
4. Talk to an offline business that has no idea about online marketing. Make a deal in which you use online marketing methods to promote the business and receive a commission for the resulting sales. You can easily make this deal with experts and gurus: people who have a lot of information inside their heads, but lack knowledge on how to turn their experience into information products and sell them online. You can act as your online publisher (or JV with an existing online publisher) and get a share of the profits.
Being a risk-sharing agent can be very easy and rewarding if you only know how to listen. to the needs of others. To succeed, all you need to do is solve the problems by leveraging existing resources and establishing reliable relationships. You do not need a product or your own business. You do not need to be an expert, you do not need any experience, you can be 18 or 80 years old, you can have a PhD or you can be a high school dropout, it does not matter.