HAS Joint Venture (JV) is also known as ‘business deal’, ‘Strategic alliance’Prayed ‘Strategic partnership’. Probably the simplest definition is that a joint venture is a win-win strategic partnership between two or more companies or individuals who agree to harness each other’s resources to achieve common economic goals. Resources can be in the form of technology, relationships, access to existing customers, experience, knowledge, credibility, employees, facilities, finances, etc.

Examples of easy, profitable and simple joint ventures

Here are just a few examples of JV deals you can negotiate:

1. Toll
2. Reciprocal Agreements
3. Share resources
4. Promotional Alliances
5. Create profit centers for companies

Let’s look at each one in more detail.

Method #1: Tollgating

Tollgating simply means finding a group of people with high enough demand and connecting them to the source of supply. Then, he stands between them (like 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 they have at least 50 members and they socialize weekly. If you can persuade them to meet once a week at a specific restaurant or hotel, you can work out a deal with the restaurant/hotel owner to give you a percentage of your weekly bill.

2. Another way to make a toll is by finding successful businesses. There are companies that are actually turning away customers because they can’t keep up with the demand. Make the leads pass on to you. You can then direct these leads to another company that will do all the work. You then collect commissions for each converted lead.

3. Find someone who has a product to sell and find someone who has a list of customers who have a strong desire for the product in question. Get the listing owner to endorse the product and you’ll take a commission on every sale made.

4. When a business goes bankrupt, make money by locating someone who is willing to: buy old inventory, buy old phone number to convert incoming calls, buy customer database, fill backorders, take over of the lease, etc.

Method #2: Reciprocal Agreements

This is an I-scratch-your-back-you-scratch-mine arrangement.

The fact is that every business has strengths and weaknesses, and many entrepreneurs don’t know how to compensate for their weaknesses, which leads to problems. But a smart JV broker like you can address this by partnering businesses with complementary qualities so that together they are stronger and more profitable.

Examples of reciprocal agreements:

1. Barter: A magazine may agree to let a restaurant pay for a month’s worth of advertising by allowing key magazine personnel to eat for free for a set period of time; A marketing consultant may agree to help a fitness professional generate more leads in exchange for personal training.

2. Connect two businesses with products/services that complement each other. Ask them to tap into each other’s customer base by continually endorsing/promoting each other’s products 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 beauty salon to “reward” its loyal customers with restaurant gift certificates, which could attract lifelong customers to the restaurant. In all cases, you collect a commission from the resulting sales.

Method #3: Share existing resources

You can take advantage of existing resources that are underutilized and earn money in the process.
Examples of shared resources:

1. You can launch the career of a jewelry designer by arranging to have your creations displayed alongside the products at a fancy retail store that sells designer handbags. The jewelry designer pays no rent, but pays a commission to you and the retail store owner each time he makes a sale.

2. You can generate passive income by finding student tenants for homeowners in your local area. You can semi-automate the process by giving a list of local accommodations to someone who works in the Admissions Office of the major universities/schools in your area and ask them to actively help student applicants find accommodation. Make sure you reward your contacts, of course.

3. Licensing – If you have (or know someone who has) a system, intellectual resources, or any non-perishable intangibles that other people are willing to pay for, you can simply grant them rights to use these resources for a small fee. . You can license a piece of software, information that is difficult to obtain, a useful research result, a specialized team, etc. Bob Serling has a wealth of licensing resources.

4. Piggybacking – You can easily leverage an existing infrastructure. For example, you might insert your promotional brochure into the envelopes of a national direct mail company that already sends 100,000 letters a month to its current subscribers. Agree to give them a percentage of your earnings.

Method #4: Promotional Associations

Are you (or do you know) someone who is a sales/marketing expert? You might partner with someone who has a product/service to sell but has no idea how to sell it.

1. Become an Agent – You can help book speakers, bands, entertainers, performers, entertainers, etc. and earn a good commission.

2. Affiliate Marketing – You can market/sell other people’s products and earn a commission for each sale made. If you don’t want to make the sale, you can ask someone else to do it for you. You can also search for companies without affiliates, set up your affiliate program, recruit the affiliates, let them handle the sales and marketing, and then just collect a small commission.

Method #5: Creating Profit Centers for Existing Businesses

It is a fact that many people who are in the business do not know how to get a steady stream of buyers on an ongoing basis.

1. Bundling – You can add a complementary product or service to an existing one with already existing distribution paths and charge commissions. For example, most real estate agents can make more money and serve their clients even better if they also recommend services like moving, interior design, plumbing, electrical, plaster, etc. to each person to whom they sell a house. But most real estate agents don’t know this, so you can set up this deal and make a profit.

2. Encourage restaurants to sell advertising space and earn money by finding advertisers. Restaurants can make money by displaying ads in their restrooms, on the back of their menu, on their widescreen TVs, or even on their bulletin boards.

3. Do you live in an area where there are no 24-hour dentists/restaurants/bakeries/liquor stores/entertainment centers? You can set up a deal where a business owner agrees to let someone else use their existing premises at times when they are usually closed in exchange for rent money or a percentage of profits.

4. Talk to an offline business who doesn’t have a clue about online marketing. Strike an agreement where you use online marketing methods to promote the business and receive a commission on 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 expertise into information products and sell them online. You can act as your online publisher (or JV with an existing online publisher) and take a cut of the profits.

In conclusion

Being a Joint Venture broker can be very easy and rewarding if you just know how to listen to other people’s needs. To be successful, all you need to do is solve problems by leveraging existing resources and building trusted relationships. You don’t need a product or business of your own. You don’t need to be an expert, you don’t need any experience, you can be 18 or 80, you can have a PhD or you can be a high school dropout, it doesn’t matter.