Emergency Cash Tip #20: Make a 5/95 JV Offer
By Ralf Skirr.
If you’re really desperate and need cash fast, then it may be time to start trying to solicit the help of others more aggressively.
One way to do this is to make offers that they cannot refuse.
For instance, you could offer to develop a product independently and at your own expense (and also agree to revise it until the JV partner finds it acceptable) if your partner will give you a mere 5% split of the profits she receives from promoting it.
While it might seem like you’re giving away too much here for it to be worth it, this can often be one of your best options when you’re in a bind.
If even one marketer with a large list accepts this offer, you have the potential to make hundreds—if not thousands—of sales. This could translate into you making several hundred dollars in the span of two weeks.