The Single Most Powerful Way To Easily Create Profits Is Joint Ventures

The single most powerful way to create great wealth as a small business is to joint venture with other businesses.

If Microsoft had to sell their software products to each individual end user, imagine the resources that would have been required to market the product. How hard would it have been to sell software with no credibility? Bill Gates had a little unknown company and approached IBM with an idea to put his DOS software on all of their PC's. IBM, thought the money was in building the computers, so they agreed. Now windows is the platform used for 90% of computers.

Take a look at your business right now. Think about whatever product or service you sell and then think of which businesses share the same group of clients. An example would be a landscape gardening business could joint venture with developers, with the builder, with the lawn mowing contractor and with the window cleaner. Every business needs an extra income stream and if it's as simple as providing a recommendation for a 10% commission, or sharing clients, why not.

I have seen auto workshops joint venture with tyre suppliers and offer a free service (valued at $197) with every set of new tyres sold. It attracts the clients looking for a new set of tyres to their business, rather than the competitor, because of the free service. In most cases the tyres may be more expensive but the free service draws them in. The perceived value is what the client looks at. The win for the auto workshop is that they gain a new client with a great lifetime value.

There are thousands of examples of Joint Ventures and several variations of how they can work. The one thing in common is to think in terms of businesses that share the same customers. Then think of logical steps in the sequence. If you buy a garage door, there is about a ninety percent chance you're going to need a garage door service in the future. If you buy a house there is a ninety percent chance you're going to need a mortgage. If you buy a car there is almost a hundred percent chance you're going to need auto insurance.

Keep thinking about different opportunities, joint ventures are the single most powerful way to catapult yourself into an almost overnight success.

How to improve 4 areas in your business and multiply your profits... FAST!