So what is the strategy I’m talking about? Joint Ventures.
I did all of this for a full year and managed to get roughly 700 email subscribers.
So, if you want to make connections and learn how to structure deals correctly then join me for Strategic Alliance LIVE on Dec 1, 2, 3 for a three-day virtual event that's all about developing your influence, income, and impact by meeting new "Dolphin" partners all day long.Written by Joseph Michael Nicoletti at Product Creation Live Looking for previous lessons? Lesson 0 | Lesson 1 | Lesson 2 | Lesson 3 | Lesson 4| Lesson 5 Deals like this are so much easier today if you have connections and can structure the deal correctly. Since that time I have done major JV deals with companies like AT&T, Mattel Toys and others. I first heard the term from Bob Serling around 2003 but I was using the strategy 20 years early. What I described above is now called a Toll-Gate Joint Venture. It was years later I learned more on Joint Ventures, Strategic Alliances, Partnerships and Other Lucrative Host- Beneficiary Relationships from Jay Abraham. This was well before the internet and cell phones made it much easier. I spent the whole summer on Hwy A1A in Fort Lauderdale, which is across from the beach, and lived like a king.įor almost 9 months, money was sent to my account every Thursday for sales from the prior week, regardless of where I was. I then traveled to Florida and visited with the several phone rooms, which I signed and sealed.
I negotiated a deal in which they paid the phone rooms 40% and me the other 10% for brokering the deals. Knowing this, I contacted the coal company and proposed that I would be able to provide them with up to 10 phone rooms across the country, which would advertise their program and how I intended to structure the agreement. I phoned them up and inquired whether they could connect me to their phone rooms that were purchasing leads from them and see if they might want another program to promote. lol However, I had connections with the two leading, lead generation firms in Florida. Since I was active in the investment industry, we relied upon leads and there was no social media back then. But I didn't want to be the one bringing in the cash.
They offered me a 50-50 profit split of any money raised through their investment programs. I was approached by a firm from Kentucky who wanted assistance in raising funds for their coal operations. However, I took it to another level when I started using my connections and doing what came natural, doing deals. I was making a five-figure per month income and living like a rock star! In the early 80’s I was a precious metals broker in Orange County, CA.