HOW TO CREATE POWERFUL AND PROFITABLE BUSINESS RELATIONSHIPS
There are two ways to build business relationships. The first is networking. This can be traditional in person networking events such as meetups, events, conferences etc., or online networking in forums and groups.
The second is building business relationships through Joint Venturing.
What’s the difference between Business Networking and Joint Ventures?
While many people think Networking and Joint Venturing are synonymous, they are very different, and your choice can affect your long-term business relationships and business success.
The goal of a Networker is to make a sale or get a lead. A networker generally works the room to get leads from as many people as possible. Their mindset is such that if they get a lot of leads this week, they are doing great business. And when their leads run out, they are back at next week’s network meeting, repeating the process.
The goal of a Joint Venture is very different. The goal of a person who understands joint ventures is to form solid business relationships from which they build continuous, recurring revenue streams on a much bigger scale than if they worked alone.
Networkers take a short term, un-leveraged approach to building relationships – how many leads or sales can I get this week.
People setting up Joint Ventures take a long term, highly leveraged approach to building relationships – what partnerships or relationships can I tap into and leverage that will grow my business and future profits, independent of me.
What is a Joint Venture?
Joint ventures are simply a business relationship formed between several companies or individuals where they combine efforts, resources, infrastructure, and expense to obtain a common goal of making greater profits and enjoy greater growth than if they worked on their own.
Joint Ventures are the single fastest way to grow your business with the least amount of risk. By taking a piece of the profits on every transaction that results from a Joint Venture business relationship, you can generate multiple revenue streams and ongoing, passive income for your business.
6 Reasons why business relationships fail when using Joint Ventures
Many business owners trying to set up profitable business relationships using joint ventures fail. Why?
How do you choose the right Joint Venture partners to build successful business relationships with?
Your business is only as strong as your weakest link. How can you soar like an eagle when you are dealing with turkeys? You need to steer clear of turkeys who think they are eagles.
A successful business relationship begins with choosing the right business partners or clients.
Here is my street smart, practical advice, accumulated over 25 years of building successful joint ventures across three countries and multiple industries.
Want to see this powerful business relationship strategy in action?
Here’s the training breakdown:
Real life case studies, broken down for you so you can use in your own business today.
Everything you need is already out there
There are millions of businesses that have exactly what you need right now.
Existing businesses have spent hundreds of thousands, if not millions of dollars, on infrastructure and resources. They have years of experience of making mistakes that you can avoid and successes you can learn from.
These businesses have already outlaid capital for resources like delivery vehicles, printing machines, warehouses, etc. They already and established customer relationship with existing customers, sales funnels to attract new customers and hopefully a strong an existing digital marketing strategy. Whatever you need is already out there.
There is no need to reinvent the wheel and try to build everything, pay for everything, and do everything yourself. That is traditional business.
All you have to do is tap into this existing stuff that is already out there.
It’s really that simple.
And the way you do that is by learning to build solid, long term business relationships using Joint Ventures.All the best