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  • December 14, 2014
  • By Sean
  • Comments Off on After 352 strategic partnerships, former carpet cleaner turned networking jedi shares his time tested method to create the most lucrative business asset | Kevin Thompson
  • in Hidden Profit Path Podcasts, Kevin Thompson

After 352 strategic partnerships, former carpet cleaner turned networking jedi shares his time tested method to create the most lucrative business asset | Kevin Thompson

Kevin Thompson

After 352 strategic partnerships, carpet cleaner turned networking jedi shares time-tested method to create the most lucrative business asset…relationship capital


Kevin Thomspson
Listen-Podcast-Here

Most Popular to Share on Google+ and LinkedIN:

1)

If he had to start over

"When I first started in business, I was motivated by this idea that I'd make a lot of money and be successful doing the thing I did. What I discovered over the years is the importance of relationship capital. We don't do things as well by ourselves as we do when we're collaborating.
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2)

Big Financial Driver

“Relationship capital is so far more valuable than financial capital. Relationship capital is what leads to financial capital.”
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3)

Biggest mistake

My biggest mistake was early on before I started my first business. I thought I needed to have a bunch of money together in order to start my business. I delayed starting my first business for seven years. What I learned is us entrepreneurs don't necessarily have to have our own money just our own ideas. We must be able to convey those ideas to other people and get them excited about it.”
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4)

Fail to Design, leads to Hollow Victory

“By industry standards I was making a great profit. But I'm looking around and saying to myself, ‘What in the heck is wrong with me? I should be happy but I'm not.' For the first time in my life I made a list of things I wanted to be true of my business.”
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5)

Counterintuitive

"A lot of people would consider me an information marketer. Lots of my friends are prolific coming out with lots of products. Brendon Burchard immediately comes to mind. I am not that prolific. The counterintuitive thing is that I've had this sales system in place and running for 10 years now. I have not created multiple product nor product suites. I just keep on finding new audiences to get my sales process in front of."
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6)

What they say

People keep telling me, 'Kevin, you can't just go out and keep chasing down joint venture partners.' The interesting thing is I never felt like I was chasing down joint venture partners, but I've definitely got a process that keeps attracting partners. I like that process. It doesn't seem like work to me.
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7)

A little secret

"No matter how successful somebody is, no matter how big the business they have, no matter what level, most people feel completely underappreciated. I've learned active appreciation. It's the basis for everything I've ever done.
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Why Listen to Kevin Thompson:

In the audio, Kevin shares:

- What his first business taught him about the most lucrative business asset

- What is the biggest driver that leads to financial capital

- Biggest mistake that risked his LIFE and waylaid him 7 years

- How failing to design leads to Hollow Victory and what to do instead

- How he’s sold the SAME product for 10 YEARS

- How to NOT chase down strategic partnerships instead doing what it takes so they come to you

- Little secret to ‘hook’ even the ‘whales’ in your industry

Kevin Thompson is known as “The JV Jedi” because he’s made 13.5 Million dollars in sales… solely by collaborating, partnering and doing joint ventures with other A-List entrepreneurs who have helped him expand his message in a huge way.

He has the ability to pull off joint venture projects that are the most simple yet profitable his partners have ever seen… making as much as $187,618.00 from a single project that took less than 90 minutes of his time.

After having so much success in this area, Kevin now shares his process with other like-minded entrepreneurs who want to make a bigger impact by showing them how to easily create relationship capital and transform it into untold millions in financial capital.

He's done 352 collaborative joint venture projects.

He started his very first business in 1996 as a carpet cleaner. He started in carpet cleaning because he'd met a guy in Seattle who was making pretty good money so Kevin thought to himself, “If this guy can do it so can I."

He met well-known carpet cleaning business trainer Joe Polish about a year later. Kevin's business was failing miserably at this point. With Joe's help, Kevin transform that business over the next three years ascending to the top of the carpet cleaning industry.

Kevin discovered the part of the business he really loved was the marketing. He didn't like the carpet cleaning fulfillment side.

Through Joe Polish he met Dan Kennedy and ended up going to a Dan Kennedy seminar. There he met Perry Marshall and Yanik Silver.

He started communicating with these two and about a year later had his very first website live. This website is still out on the Internet today. It's called getmoldsolutions.com and he did very well with it. He was making about $12,000 per month and what he enjoyed more was having a global impact.

In 2002, As a result of this, Joe polish invited Kevin to speak at his event. He got an incredible response and thought he'd like to invest more time sharing this with people. He sold his cleaning business in 2004.

He had now gone full-time showing people and teaching them his method for setting up lucrative promotions and strategic partnerships.

He did his first joint venture project in 2007. He didn't understand the dynamics of what made that partnership so successful meaning he could not easily duplicate it. Over the next three years, with a lot of mistakes and trial and error he fine-tuned and honed in his process.

If somebody had told him eight years ago he'd be doing what he is now, he wouldn't have believed them.

He's got seven kids, six of his own and one he adopted. No he's not Mormon.

He set up a foundation to teach his kids about helping others. Their foundation set up an orphanage in Jamaica. He's taken his family down there a few times to help in a hands-on way. They've got an organization in Hawaii and one in California their foundation supports.

Some Shareables from Kevin in this episode…

If he had to start over

"When I first started in business, I was motivated by this idea that I'd make a lot of money and be successful doing the thing I did. What I discovered over the years is the importance of relationship capital. We are not in business by ourselves. We don't do things as well by ourselves as we do when we're collaborating, getting insight and input from other people. Relationship capital is so far more valuable than financial capital. Relationship capital is what leads to financial capital. When you get that piece right, understand it and practice it on a regular basis the finances take care of themselves. If I had understood that sooner we’d be a whole lot more profitable, and have had a whole lot more fun a whole lot sooner."

Biggest mistake

"I think any successful entrepreneur views mistakes as learning experiences. My biggest mistake was early on before I started my first business. My line of thinking at that time was I need to have a bunch of money together in order to start my business. I delayed starting my first business for seven years so I could get money together. The way I accomplished that is I worked as a commercial fisherman in Alaska... like on that TV show Deadliest Catch. Some of those guys on that show are still personal friends of mine. I'm so glad I'm not doing that anymore.

What I learned is us entrepreneurs don't necessarily have to have our own money just our own ideas. We must be able to convey those ideas to other people and get them excited about it. When they get excited about the idea it's amazing the collaboration we'll get."

Favorite part of your journey down the entrepreneur's path

"I have a business that compensates me for setting up these collaborations. I get to meet these incredible entrepreneurs and learn from them. I get to find out what they're up to and what they're excited about. Then I find ways I can be of service and help to them. The other thing that's happened that was unexpected is I became a connector for a lot of people as well. I love being that guy in the middle who gets to connect to A-list entrepreneurs."

Weirdest thing

"I won't say there's been anything weird but my very first business we had an experience there that made me think something was dramatically wrong. I got into the cleaning business because I knew this guy who was doing fairly well. I thought if he could do it, then so can I. Things weren't working out as I planned but fortunately I met Joe polish who helped me turn things around. Three years later I was at the top of the industry. I was looking at my business because people said I was successful but I didn't feel successful.

By industry standards I was making a great profit. But I'm looking around and saying to myself, ‘What in the heck is wrong with me? I should be happy but I'm not.'

For the first time in my life I made a list of things I wanted to be true of my business. I didn't have those things. This list, to this day, still hangs on my wall. I wanted to have complete control of my time. I didn't want to work on weekends. I didn't want to work more than 40 hours per week. I wanted to live the life of a millionaire. I wanted to be making a big impact with my business.

We did some cool things in the carpet cleaning business but it wasn't making that kind of impact. I've talked to so many entrepreneur since then who tell me their version of this same story.

When people start to get this and build their business around their unique ability, it becomes this thing that allows us to provide incredible value to the people our business serves and in turn get compensated very well for that. It becomes the simplest thing in the world. Dan Sullivan, one of my mentors, who's at Strategic Coach taught me this. We start attracting people to us because they're excited and want to help us."

Counterintuitive

"A lot of people would consider me an information marketer. Dan Kennedy has been teaching people for years how to package their wisdom and processes and be able to help the masses with that in whatever form that takes. Lots of my friends would be considered information marketers as well. They are very prolific coming out with lots of products. Brendon Burchard immediately comes to mind. I am not that prolific. The counterintuitive thing is that I've had this sales system in place and running for 10 years now. Granted, it's been updated eight times during that 10 years. I have not created multiple product nor product suites. I just keep on finding new audiences to get my sales process in front of. People tell me I could come out with more stuff, but I like doing it this way. You don't have to do it just because everybody else is doing it."

Conventional wisdom

"The biggest thing I see, and I've fallen prey to it as well, is this idea of being successful at any cost. Entrepreneurs are the hardest working people on the planet. We are so committed to doing whatever it is we do that we’ll do whatever it takes. If that means working 60 hours, 80 or 100 hours per week that's what we'll do. We’ll do so by putting everything else in our lives on the back burner including our personal relationships. Other areas of our lives suffer because we are so intense and committed and so passionate about getting our business moving forward in a big way so we can make the impact we want.

If they get there, then they think they'll be successful. They forget to enjoy the journey along the way because that's what it's really about. Be happy with where you're at. We all want more. We're always looking for what more we can do and expand. Structure your business with intentions so you can enjoy the here and now."

Passive income

"We do a couple of different things. There is a big difference between the work we do trading time for dollars and the work we do where we leverage our efforts. Using technology and the Internet is such a great set of tools to allow us to automate, systematize. Then we can focus our efforts on the things we do best, working in our unique ability. I love getting out and meeting people.

People keep telling me, 'Kevin, you can't just go out and keep chasing down joint venture partners.' The interesting thing is I never felt like I was chasing down joint venture partners, but I've definitely got a process that keeps attracting partners. I like that process. It doesn't seem like work to me.

For passive income, I have group coaching programs. Whether you have 10 people or 1,000 people, the more you get in your program the more you're leveraging your time.

Through one of my other mentors, we invest in real estate. This is for the long-term. I'm creating passive income because there's a dollar amount I want to earn every month that allows me to support my family in the way we've become accustomed to. If something ever happens to me, I want my family to be taken care of when I'm gone.

For my business JV Jedi, I'm thinking about the process for how I can keep that going on long after I'm gone so if it's not me teaching it, giving my students the opportunity to teach it."

A little secret

"No matter how successful somebody is, no matter how big the business they have, no matter what level, most people feel completely underappreciated. I've learned active appreciation. It's the basis for everything I've ever done. This simple little process makes such a big impact. It grabs people's attention. I’ll give an exercise you can do. If you just do it, you'll have such an incredible experience. There are no exceptions to this rule. You'll want more of it in your life."

Learn more about Kevin:

http://JVJedi.com

Kevin is an introvert. He hated going to networking events. Whether you consider yourself a networker or not, this process can work for you.

News Media Kevin Thompson has been featured in:

- Entrepreneur on Fire
- spoken at Joe Polish’s events and Genius Network

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