Can't Get a Small Business Loan? Consider a Joint Venture Partner

!: Can't Get a Small Business Loan? Consider a Joint Venture Partner

A joint venture partner, or strategic partner, is sometimes overlooked as a possibility of funding. What is a strategic or joint venture partnership? It's when two companies combine efforts to obtain a goal that would be difficult for either one of them to achieve individually.

For example: You may have the product and the other company the distribution system in place to reach potential customers. If you jointly market the product, both of you win. You don't have to fund the costs of reaching the potential customers; the other company can broaden its product offering, and therefore value, to its customers by offering your product. That company doesn't have to fund the research and development costs of a new product.

Another example: You have a product that requires injection molded plastic components that are produced by expensive specialized custom equipment. Normally a company that provides the injection molded plastic components would charge a hefty fee to build the custom equipment, and also charge you for every part produced. A strategic partnership might mean that in exchange for not paying for the custom equipment up front, you will pay the plastics company a small fee, similar to a royalty on your sales for a limited time period. You win, because you don't have to invest cash in equipment and the plastics company wins by having a revenue stream greater than the custom equipment would generate.

One more example: Your product has customers in several different markets and can be used for several different purposes. Let's say it's a new kind of applicator for creams, lotions, soap, and medications. Another company has a lotion for the treatment of skin irritations available by prescription only. You sell the exclusive rights to use your product to apply prescription lotions to that company. Since you have several other major markets for your product, giving up one, the application of prescription lotions, won't have a material effect on your future, and you get much needed cash now. The other company now has a product that helps in its brand identification and sales.

One last example: You have a customer database that has been successful in selling your products. You offer a company that has similar, but not competitive, products the usage of your database in exchange for a percentage of the sales generated.

To find a potential joint venture partner look in your industry trade journals for announcements. Search business newspapers like the Business Journal http://www.bizjournals.com. Look for companies that provide complementary products or services to your own company, or those in a market that would be appropriate for your products. Attend trade shows. And of course search the web.

If you don't want to take out a loan or sell part of your company to outside investors, a joint venture partner can be exactly what you need. You can grow your company, find new companies, or target a new market without expending additional money. It's a win win situation for both you and your joint venture partner.

Can't Get a Small Business Loan? Consider a Joint Venture Partner

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Bill Bartmann's Buying Bad Loans Seminar - Is it Worth Your Time and Money?

!: Bill Bartmann's Buying Bad Loans Seminar - Is it Worth Your Time and Money?

The Risk With Purchasing Bad Loans

When it comes to buying bad loans, you tend to be somewhat skeptical. If you're not careful and conservative when making the offers for these bad loans, you stand the risk of the loans being noncollectable. The recently launched Buying Bad Loans Seminar however may cure that scepticism. This is a seminar that has been set up by Bill Bartmann, a self-made billionaire who made his money from running a billion dollar debt collection business when the last bad economy hit, pioneering the debt buying industry in America.

Only For Big Investors

Most of us consider that we truly need to have a great deal of money in order to begin investing in this way. For some of us, we discount this as a means to make money. The reality is quite different. Boxes of loans, containing about 20 bad loans each, can be as little as 0.00. You are generally buying the loan for 5 cents on the dollar.

Quick Return On Investment

The reality is that Bill Bartmann's seminar offers all answers on how to set up and run a debt collection business successfully. It's a business model that gives you a means to make money from an investment that is generally a tenth of what you are able get back. With this kind of business you can expect profit back in 30-45 days. You won't collect on all the loans in the boxes that you buy, but the ones you do are sure to make up for the rest.

From Credit Cards To Car Loans

The Buying Bad Loans Seminar teaches you to sit down and identify the kinds of bad loans that you would most effectively be able to work with. Multiple kinds of bad loans will crop up, including credit cards, mortgages, and even car loans. You will also learn a lot about how to evaluate the loans, the bidding process and where to go to bid on the loans.

Get A Collection Agency Business To Do The Hard Work

Along the way, you will want to find good agencies to help you collect your purchased loans. It is a given that this is not something that you want to tackle on your own. It is also a given that you want to offer some measure of dignity to your customers and still recoup some of the money that they owe. Getting a collection agency business to do it for you is part of this process.

A Rinse And Repeat Process

Finding the best collection agency business isn't an easy task and you're going to need to do your homework to accomplish it but once it's been done the first time it's pretty much a rinse and repeat process. Generally collection agencies take about a third of the proceeds so getting one that is reputable but also successful is imperative.

Conclusion

For anyone who is seeking a way to make a reasonable return on their investment, Bill Bartmann's Buying Bad Loans Seminar is an outstanding investment. For just a small slice of your time and a nominal fee, you get some valuable insight into a whole new business for your consideration. While the seminar-- and the lessons it teaches--certainly aren't for everyone, the reality is that a debt collection business is a business that most people could be good at. It is also a business that could begin to help you financially in just a month or two.

Bill Bartmann's Buying Bad Loans Seminar - Is it Worth Your Time and Money?

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