| There are strategies to supplement your income or | | | | Do you or your company have some information, |
| create multiple streams of income during this | | | | product or service that can benefit people? Do you |
| economic cycle. What would it be worth to you to | | | | have a product idea that you never pursued because |
| tap into a large database of customers just waiting | | | | you couldn't figure out how to make all the pieces |
| to open their wallets and purchase your products? | | | | work? |
| They are pre-qualified and are introduced to you by | | | | Assess your current target market. |
| a more than willing competitor. Sounds too good to | | | | Who is buying or would buy what you have to |
| be true? | | | | offer? Are you targeting women, children, seniors, |
| We're talking about joint ventures. Have you noticed | | | | people who own homes, athletes? |
| how prevalent joint ventures are and how successful | | | | Find another company that has that same target |
| they are? It goes beyond McDonalds food + toys = | | | | market. |
| Happy meal; Pizza Hut and Taco Bell = convenient | | | | If you are targeting women who use cosmetics |
| food for everyone's palate. You can find joint | | | | what else would they typically be interested in? |
| ventures in non-traditional partnerships such as a | | | | Clothing, perfume, jewelry, hair care, or look beyond |
| blood bank offering free ski lift tickets to entice | | | | the obvious, are they career women who would also |
| more donations. It's a win-win circumstance for both | | | | need daycare, luggage, any item that increases time |
| partners; the blood bank receives more donations | | | | efficiency like meals in under 30 minutes, a personal |
| and the ski resort attracts more patrons with a free | | | | assistant. |
| admission. | | | | Develop a joint venture partnership. |
| The soundest investment you can make in your | | | | Design a campaign that is valuable and equitable for |
| business is to consider pairing with another company | | | | both partners. What skills and talents do you bring to |
| to either compliment your products and services or | | | | the table and what would you like to receive from |
| design and produce a new product or service that | | | | your partner? Outline specifics. |
| solves a need for people. If you can fill a need it | | | | Launch your campaign. Reap your rewards. |
| doesn't matter where in the cycle the economy is, | | | | Good ideas are not enough. Action is critical to your |
| you will be successful. | | | | success. Send your email blasts, flyers, newsletters. |
| 5 Tips to turn your talents and skill sets into a quick | | | | Now, if all this seems overwhelming and you are not |
| cash flow of money in less than 30 days: | | | | sure where to start looking for a venture partner |
| Take stock of your current talents and skills: | | | | you definitely want to join a joint venture club. |