Jay Abraham Club

Following an email from Jay Abraham:

Whether you own a business, work for a business,
are unemployed, retired or a student — you can
honestly, successfully, immediately and massively
profit from ALL the financial and economic crisis
we’re dealing with today.

How? Many different and lucrative ways.

Continue reading » How to Prosper From All The Financial Collapses

I haven’t been updating this blog for a while as I have been busy with a major shift in direction for my work. I also took some time off to smell the roses. More on the roses in another post.

Along the way, this site also got hacked and it took me a bit of effort to restore it.

Going ahead, I think the frequency of my updates will be one post every one or two months.

Anyway, just a quick update of what Jay Abraham is currently offering. In case you haven’t got his email, he’s conducting a course on doing joint ventures. The three classes via teleconference will be held over the next two weeks.

You can find out more details about the joint venture course here.

Continuing with my summary of Jay Abraham’s Mastermind Marketing System, this week’s contents talks about some questions every entreprenuer should ask himself of his business. This is part 8 of a 12-part series.

If you can’t paint a clear an accurate picture of where you want to go, you can’t get there.

There are a lot of different avenues to the same outcome. Define what success means to you, what you want and what you do not want. Ask yourselves these questions:

Continue reading » Critical Questions for the Successful Entrepreneur

This week, I have in place a nice little bonus for you. You’ll find it at the end of this post.

But before I go into that, I want to share a short story I’ve just read from the Chet Holmes book. A story of how Chet managed to get Jay Abraham to become his joint venture partner. A story (if you have not read before) that will no doubt make you realise how little you are currently doing.

Continue reading » How Chet Holmes Convinced Jay Abraham to a JV

Over the course of 30 years of devising marketing breakthroughs and teaching people to see monster profit possibilities –- Jay Abraham also became very masterful at setting up profitable joint ventures for himself. He does this by:

Continue reading » The Art of Profitable Dealmaking

Here’s a question from one of my readers:

I work for a driving school and i am going to start implementing Jay’s teachings

: Referral system

: Risk free guarantee

: And joint ventures

My question is this: I want to give all local business in the area postcards, that endorse us as the best driving school. And for every client we get, we will pay them £10.

The biggest problem i can see is that, business owners may feel that we will rip them off and not pay them the money. How do i get around this hurdle?

Also joint venture partners: finding people who can’t drive but want to learn is not that easy because there isn’t a list you can rent, or clubs or associations..

The only JV Partners i can think of are:

Colleges/ students- who don’t have much money

Estate agents / (Realtors)

Here’s my reply:

Given that your potential customer falls in a very targeted group, it is unclear to me how an untargeted local business would actually give out your postcards. If it’s only to a select group of their clients, will you be helping them to narrow down their list?

And getting them to endorse you as the “best” driving school might be a tall order, since you can’t really quantify that.

Instead of trying to “hit” on all local companies, you might want to narrow down to companies with clients that have a closer profile of people that you are looking for.

You also mentioned your concern about skeptical companies worrying about being paid. Most incentive based referral systems work because both parties have a prior working relationship, e.g. existing customers, etc.

As the £10 referral fee is quite low anyway, why not try this approach?

For example, you identified college students as people who might be interested to learn driving. Are there any local stores at your place that serve mainly this age group?

Approach them and tell them something along this line, “I represent a driving school and would like to give you something of value that most of your customers would find useful. At no cost to you, you can use it to enhance your relationship with your existing customers and also use it to bring in more customers.

Here’s a booklet of driving lesson coupons with values ranging from £10 to £50 that you can use for your promotions. One way of using them is to offer a £10 coupon whenever someone makes a £10 purchase.” And so on…

In this way, there’s absolutely no risk to the local business in doing a joint venture with you. To take it up even further, you can also request them to provide similar coupons to you that you can offer as bonus to the students at your driving school. In this way, you will be driving new customers to them and also giving something of value to your students.

Last point. Does your school offer refresher driving lessons or advance driving lessons (possibly with some defensive driving elements)? If there is, you can also try setting up JVs at places where people buy cars!

One of the first steps in setting up joint ventures is to identify potential partners. The correct way to go about it is to start with your warm list, lukewarm list, followed by your cold list.

This process can be time consuming and depending on your lists, may or may not be effective.

Today, Marc Goldman and JP Maroney relaunched JV Dealmakers, a membership site dedicated for business owners to find suitable joint venture partners.

I used the word “relaunched” because they had it previously but closed it down for a revamp.

I went into the membership area to see what they had to offer. Summary of my review is as follows: Continue reading » Setting Up Joint Ventures - Part 4

Many people have asked me, “So, how can I set up successful joint ventures?” Instead of reinventing the wheel, I would like to introduce you to what two of my JV partners, Marc Goldman and JP Maroney, have written.

They are experts in doing JV deals and have written a report on how to do joint ventures correctly.

You can download this 28 page guide for free here.

Briefly, this report covers:

Section 1 : Introduction
Section 2 : Starting from square one: An introduction to JV and JV brokering
Section 3 : How to indentify potential JV partners
Section 4 : Pitching the idea
Section 5 : Protect yourself
Section 6 : How to get paid
Section 7 : Make the JV a no-risk proposition for your partner
Section 8 : Show the JV partner what kind of value you’re giving them
Section 9 : Negotiating the deal
Section 10: What to do after the JV
Section 11: Getting your customers to set up JV deals with you
Section 12: Conclusion

Tip: Those short on time can start reading from page 13 (section 2) onwards.