How to Profit Wildly from Joint Ventures with Sohail Khan

How to Profit Wildly from Joint Ventures with Sohail Khan

By on Nov 4, 2014 in Podcast | 0 comments

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When you hear or read the word “joint venture,” what do you think about? If you have an online business, then you probably think about affiliate marketing and “commission-based” income. The thing is, joint venturing is so much more than that. Instead of earning commissions on a sale, you could earn real equity in a company or partner with companies hundreds of times bigger than yours. And make it a win for all parties.

Enter: Sohail Khan. Sohail has organized multiple million-dollar plus joint venture deals and has even consulted for companies like QVC. In 2009, Sohail set out to prove his ability by setting a goal of scoring a million-dollar joint venture deal within 12 months. He completely blew past his goals, managing to close a $1.5 million deal in under 30 days.

IN THIS EPISODE, YOU’LL DISCOVER:

  • How to approach companies and establish joint venture relationships and deals that can make you lots o’ moolah.
  • How I organized a pretty sweet joint venture deal myself in 2007 in just 24 hours that was worth tens of thousands of dollars.
  • How Sohail dealt with losing a 10 million dollar business, his house, his Ferrari, and all the other luxuries of millionaire status and moving back in with his parents.
  • The one business and marketing strategy that Sohail credits as the absolute best.
  • The one eyebrow raising question to ask a potential joint venture partner that will earn their undivided attention (9:43).
  • Why making a prospective client feel like their finding all the solutions is so powerful when selling.
  • How a small moment of “just asking” can lead to HUGE, life-changing opportunities.

ACTION STEPS:

  • Approach every joint venture (and business deal) with a win-win-win mentality. Always look for situations that involve a win for you, for the company, and for the customer.
  • Get creative! The best joint ventures are born from thinking creatively and “outside of the box”.
  • Don’t be afraid to joint venture with your competition. Give it some creative thought, and you’ll likely find profit opportunities for the two of you.
  • Go to events! Meet people! Network! Stand out! You’ll find it is much easier to joint venture with someone after meeting them in person and establishing some rapport.
  • If you cannot afford to attend events yet, then link up with like-minded movers and shakers who live around your area. There are plenty of people who live within a 2 hour drive from your house who are doing HUGE things. Find a way to offer them value, communicate it, then offer them to buy lunch or coffee in person. It WORKS.
  • Sohail’s personal motto is, “GIVE FIRST, ASK LATER”. This is a great creed to live by. I suggest you do, too.
  • Would you like some 1-on-1 help? Click here

RESOURCES AND LINKS MENTIONED IN THIS EPISODE:

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