When I decided to jump in and start developing joint ventures in my business, I jumped from six figures to 7 figures in less than a year and a half. This concept has been the most significant addition I’ve ever added to my business.
In a recent monthly Coaching Booth, I addressed how YOU can jump into the lucrative pool of joint ventures.
Don’t you want bigger lists, bigger visibility and bigger profits? (I see a big nod there.)
This mini-lesson starts with an example from my own Map of MSIs (Multiple Streams of Income), and how more than 30 MSIs branched out from the ONE thing I did well. The best joint ventures begin with what you’re already best at doing. (I call them acres of diamonds under your feet, an amazing true story told by a certain minister more than 100 years ago.)
Then, here are the Booth’s answers:
12:11 From your Joint Venture Genius course, how do I structure a JV around my knowledge?
16:25 Another idea from Diane: You don't have to license the ENTIRE thing you've got.
17:45 Explain how you added so many people to your marketing agency as Joint Ventures.
23:49 Another idea from Diane: Creating new streams of income from content you've already created.
29:57 Are there rules of engagement for creating successful affiliate relationships?
35:24 Another idea from Diane: Repurposing your podcast interviews.
36:42 Another idea from Diane: Time and money leverage with brand sponsors for your movement.
38:53 With your ever-expanding MSIs, how do you know what to prioritize?
39:22 How much of the content development do you do for your Joint Ventures?
43:31 How much do you do vs. how much do you have the JV partners do?
43:49 How do you figure out which business model to use when repurposing content?
45:29 Another idea from Diane: Affiliate marketing is only as good as your next step is.
