Big business understands the leverage and reach available through Joint Ventures. H&R Block Inc. and 7-Eleven Inc. signed a three-year agreement Wednesday that enables Block customers to cash refund loan checks at 1,100 7-Eleven stores in the United States. Don’t create a competency or distribution channel - borrow one! Share the love, as it were.
The ego-driven, “Lone Ranger” mentality of the typical small to medium business owner is expensive and risky. Big business has been using Joint Ventures for a long time because they have the ability to be objective, bottom line oriented and unthreatened. Now it’s time for small and medium businesses to benefit as well. After the Joint Venture Broker Bootcamp I presented in Toronto on Sunday, one of the Delegates, the owner of a well known eatery on Bloor street, reacted fast and immediately started arranging Joint Ventures that will bring him serious profit with very little risk and negligible cost.
The good news is that you don’t even need a business to benefit financially from brokering Joint Ventures. It’s just a matter of seeing the opportunities, much like the stereogram analogy. At first, a stereogram looks like a nonsensical arrangement of patterns, but when you look long enough, a 3D picture magically emerges. Joint Venture brokers simply link supply and demand and take a piece of the ongoing action. There is literally no end to the opportunities available and the potential income, especially since it’s all 100% profit to the broker.
When I hear of a person who has a good relationship with a large number of other people, I see massive opportunity. By providing all those people with what they want, value is created. We get paid in direct proportion to the value we provide. The more people you help, the more money you can make. Linking 1,000 people with solutions and being paid on every transaction is great, especially when you don’t have to provide the services or carry the inventory – you simply link A and B and become a little tollgate. You stand on the money bridge and collect. No cost or risk to you, and very little time.
Source: http://www.ArticlePros.com/author.php?abhineet
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