Joint Venture Piggybacking
I recently talked with a man who has 1,200 people in his database. I suggested he offer them Membership in my DollarMakers Joint Venture Forum at a great discount. By sending out two e mails and one voice broadcast and adding value, for which I would pay, and by mentioning the opportunity in his ezine, we estimated that he would have at least 120 join (10%). That would earn him significant money, at no cost or risk to him. That's piggybacking - and it's that simple. The same can be done with shared advertising, mailings, e mails, ezines, direct mail, seminars and business opportunities. Riding on the back of existing distribution, reputation, reach, access and exposure is very effective.
Don't buy a 747 to fly to LA - simply rent a seat. Don't own the overhead or create a competency; borrow it. Consider the power of partnering: everyone wins by sharing underutilized resources and Hidden Assets. And here's the Good News - you don't need to own the resource, be it a database, distribution route or relationship - you simply make the connection - it's called "Triangulation". No risk or cost, no downside, lots of fun and lots of money. You don't need a business to set this up. Link me up with someone else and take a piece of the action. Link Bob up with Sally and get paid on all ensuing business over the next two years, why not?
The key to successful piggybacking is a strong horse and a strong rider - both parties should be ethical, generous, smart, professional and proactive. That's the hard part. I know people whose databases I wouldn't touch with a 20 foot pole. Be selective; be VERY selective. Talk with Members of the DollarMakers Joint Venture Forum and if you want to make a lot of money easily, remember that all it takes is a bit of thought. It's not hard work and there's no risk if you're dealing with the right people. Bundle a product or service with one that is already selling well or add a product or service to an existing database or distribution route - that's piggybacking, and it can create increasing, multiple streams of passive income for you.
Related Tags: money, wealth, entrepreneur, business, sales, passive income, multiple income streams, joint venture
About Robin J. Elliott
For more than 19 years, Robin J. Elliott has worked with thousands of businesses in over 49 industries across the United States, Canada, and Africa. He specializes in helping small business entrepreneurs build wealth and gain access to new markets and profit centers through Joint Ventures. Through his Joint venture Seminars across North America he has thought thousands how to create increasing, multiple streams of income without cost or risk and very little time.
Get Robin J. Elliott's FREE: "How To Grow Serious Wealth Using Joint Ventures" Mini-Course, and The Prophet of Profit e-Zine along with video blogs, world class articles, free video, and access to top Joint Venture Partners at http://www.jvwisdom.comYour Article Search Directory : Find in Articles
Recent articles in this category:
- Strategic Planning Begins With a Mission Statement and a Vision Statement
A sure-fire way to start the success of your business strategic planning process is to identify th
- Your Mission Statement and Vision Statement - Getting Your Message Out There
Congratulations. You have created your business mission and vision statements. They are clear, defi
- Offshore Company Incorporation
An offshore corporation is the one which is incorporated in an overseas country in order to reap t
- Risk Assessment and Management
Entrepreneurship is defined as set of different activities that consist the business development.
- Making Money in an Economic Downturn
If you're a savvy business person, you understand that an economic downturn is precisely the time y
- The Best Promotional Giveaways for Trade Shows: the Three C's
Participating in a trade show is an excellent way to give your business a high degree of exposure.¬
- Writing a Business Plan
When it comes to writing a business plan you need to remember that it should focus on four separate
- How to Register a Trademark - Employing the Services of a Trademark or Patent Lawyer
Innovations come up everyday and people are always bent on discovering something new and making it
- How to Create the Perfect Survey
¬†DOPreserve anonymity. If the employees identities are tied to their responses, they may
- Tired of That Tired Old Brochure?
"Brochures are one of the cornerstones of effective advertising, but not all brochures are equally
Most viewed articles in this category:
- How to Use Radionics to Help You Make the Right Business Decision
Remember what it was like to be in school? It may not have seemed like it at the time, but things w
- Strategic Planning Before Grant Writing
People sign up for my grant writing workshops to learn to write grant proposals. I often find they h
- The Balanced Scorecard
The Divide between Strategy Formulation & Strategy Execution The vast majority of the world's busin
- Why Business Incentives Work
In 2005 General Motors launched a consumer incentive program after a few years of sluggish sales. Fr
- Business Sellers - Beware of the C Corp Asset Sale
We recently completed a Merger and Acquisition engagement to sell our client to a large publicly tra
- Helpful Hints to Implementing a Differentiation Strategy
I frequently get asked "how can I differentiate my product or service when there are a lot of compet
- Change Happens - Anticipate It - Embrace It
Like everyone else, I have received countless emails with long lists extolling nostalgic virtues fro
- Definite Goals And The Burning Ambition To Achieve Them: How To Be A Winner
Did you know that the vast majority of truly successful people in the world have clearly stated goal
- Strategic Alliances, Collaborating Through a New Window
Strategic alliances are commonplace today among organizations both large and small. The advantages a
- Is Succession Planning in Your Future?
Until recently, many CEOs and companies in general had not thought much about succession planning. B