Anyone ever share website profits in return for management?

15 replies
I've been searching online - both on Google and this forum - and I can't seem to find any answers about this. Hell, I don't even know what it's actually called.

The closest thing I can get to describing it is "website profit sharing" - basically, I'm looking for someone who is adept at basic website management (strong written skills, knows his/her way around WordPress, etc) to manage and help grow my websites.

I've tried outsourcing these tasks and so far, the result has been me having to go and re-do everything, costing me wasted time, money, and effort. So I was thinking if I gave a portion of the websites' profits to another webmaster, I might be able to find more competent people who care more about the tasks at hand.

Just wondering if anyone has done this for website management? It's not like the sites have that much work to do, but I hate spending my time on things like adding images to existing posts when I could be working on new income streams.

Suggestions?
#management #profits #return #share #website
  • Profile picture of the author Nicole Sakoman
    Originally Posted by cupcakemonster View Post

    I've been searching online - both on Google and this forum - and I can't seem to find any answers about this. Hell, I don't even know what it's actually called.

    The closest thing I can get to describing it is "website profit sharing" - basically, I'm looking for someone who is adept at basic website management (strong written skills, knows his/her way around WordPress, etc) to manage and help grow my websites.

    I've tried outsourcing these tasks and so far, the result has been me having to go and re-do everything, costing me wasted time, money, and effort. So I was thinking if I gave a portion of the websites' profits to another webmaster, I might be able to find more competent people who care more about the tasks at hand.

    Just wondering if anyone has done this for website management? It's not like the sites have that much work to do, but I hate spending my time on things like adding images to existing posts when I could be working on new income streams.

    Suggestions?
    This is common thing in a way... my suggestion is to pick wisely, and test those people... maybe even get them fresh domain and host it... ask them to do a job for 1 week and then decide which one you'll take... don't take one by one... pay $5 here in hire section and find few serious people... pick the best one!

    Find a balance between highly motivated and person of knowledge.

    Don't get too motivated people, because they tend to cool down... but also don't take person of too much knowledge, because they will have their visions and you'll hardly be in balance...

    In few words, take time to find the right one... I have been making my SEO outsource team for 3 years... and some people I'm still looking for today!

    Good luck,
    Nicole (:
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    • Profile picture of the author Jonathan Henson
      You appear to be looking for a "webmaster." You can find them on sites such as Odesk and Elance.

      Whether you do it yourself (I know you don't want to) or if you outsource, either method requires a lot of trial and error and a ton of patience.

      If you are dead set on outsourcing, it's going to take as much work as if you were doing everything yourself. In my experience, rarely are you ever going to be 100% satisfied with an outsourced worker. You may have to come to terms with the fact that "it just doesn't have to be perfect." In the Internet business, I believe you need to put your best foot forward but it's better to take imperfect action than to keep delaying that action!
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      • Profile picture of the author jkruger
        We have similar arrangements with some of our clients. It takes the right fit for everyone involved to make it work.
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  • Profile picture of the author cupcakemonster
    Thanks for the helpful replies!

    @Nicole Sakoman - whoa, 3 years is a really long time. I've been looking for a few months (on and off now) for PT VAs and it's been pretty stressful, even in that short amount of time. Question for you: do you have people to work on the sites themselves or just hire them for off-page efforts? How do you determine when and who to trust to manage your sites?

    @Jonathan Henson - yea, I'm realizing it takes a lot of time (often even longer than just doing it myself). Thanks for the keep pushing forward advice Just out of curiosity - do you outsource based on tasks or for a position (i.e. managing all the onpage aspects of one website)?

    @jkruger - please tell me more. What do you manage for what clients? Is it profit-sharing?
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  • Profile picture of the author slammer81
    You'll find someone. Test, test, test your prospectives.
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    • Profile picture of the author Michael Shook
      You are looking for a service provider, and usually you pay those people a fee no matter if your website makes money or not.

      I suspect your best bet would be to make a list of the tasks you want performed, and find someone who will perform them for a price you are willing to pay. Keep the profits from your site for yourself and pay them from your profit.

      You might consider rethinking the ideas in this sentence if you really want a professional to work with you: "It's not like the sites have that much work to do, but I hate spending my time on things like adding images to existing posts when I could be working on new income streams."

      When my sink is clogged up, its not that I can't fix it, but I don't want to, but I don't tell the plumber, I hate wasting my time on fixing the problem, I tell him I am happy to pay for his expertise.
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  • Profile picture of the author yakim1
    This is what you call a Joint Venture. You add your skills to those you need and that person shares in the profit the website brings in. It is up to you to find the right person and then negotiate the percentage they will receive from the sales.

    You both do your parts to make the site successful.

    best regards,
    Steve Yakim
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  • Profile picture of the author tonyscott
    Why would you want to share profits with someone for adding images to a post?

    Tony
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  • Profile picture of the author hola11
    Why you wants to share your earning or profits return? For more update?
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  • Profile picture of the author ogplayer
    Im in the same boat as you, its very hard to find quality help.
    I wouldnt even need them to maintain the website, just support clients - but not going to pay someone for a months work to have them dissapear after I pay them.
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  • Profile picture of the author kk075
    Originally Posted by cupcakemonster View Post

    So I was thinking if I gave a portion of the websites' profits to another webmaster, I might be able to find more competent people who care more about the tasks at hand.

    Just wondering if anyone has done this for website management? It's not like the sites have that much work to do, but I hate spending my time on things like adding images to existing posts when I could be working on new income streams.

    Suggestions?
    Here's my suggestion, and this is coming from someone who knows exactly how to make your site extremely profitable.

    You'll have two types of applicants; those who know what they're doing and those who are clueless...but like the idea of the opportunity. Those who know what they're doing are going to look at your traffic, your site's conversion rates then quickly decide how fast they can build your site themselves....which is probably a matter of weeks. Since they would have to do the exact same thing for you OR for their own site, why would they split anything with you when they can do it on their own for about $100 bucks?

    Then there are the non-skilled or semi-skilled applicants who have a little knowledge but not enough experience to make you real money. They'll take the job and make a few improvements, but overall they're not going to last because they're working for free. So you get a few weeks of work and they're gone...leaving you in the exact place you were to begin with.

    So if you want to hook a true professional, you have to have a site that produces a full time income now and has the potential to substantially grow. That's the only way someone like me would dedicate themselves to one website when I can make much more money doing my own thing.

    That leaves option three- either you need to build your site yourself or pay professionals on a per project basis to do it for you. Expecting someone else to step in and build you wealth is a pipe dream though because there is zero incentive for them to do that.
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  • Profile picture of the author discrat
    Originally Posted by cupcakemonster View Post


    The closest thing I can get to describing it is "website profit sharing" - basically, I'm looking for someone who is adept at basic website management (strong written skills, knows his/her way around WordPress, etc) to manage and help grow my websites.
    Why ? Iam a total non techie and have dozens of sites. Why would you want to take away your Profits in this manner ?


    I mean as an IM er it might be prudent to be able to do this efficiently. And it takes little of my time when I have it down.

    That being said may be you have a unique situation where it is taking too much time for you to do the necessary things ?



    - Robert Andrew
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  • Profile picture of the author rhinocl
    KK075 Explained it very well.
    Another perspective. I see ads on Craigslist all day long for people who think they have a great domain name or a great idea and that everyone will want to build a site for them on a profit sharing basis. Here is why very few if any competent people will accept- the people making these offers don't have any marketing experience, any list, or any money. If they had any of these they would never want to split their profits. Since they don't have money to advertise, and they don't have a good list, there will never be much traffic and the percentage they offer won't be worth much.
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  • Profile picture of the author gbarrows31
    I have just done this and still on the middle of it. I had a guy build the sales funnel/website , from scratch, and we will share the profits it makes. Its not hard as long as you both can offer something.

    I offer traffic and he offers design and web skills.. So Win win/win
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    • Profile picture of the author cupcakemonster
      I just want to clarify - my initial post was pretty short.

      The websites mentioned are profitable and they've proven quite passive and steady in their earnings. But I've also not taken the time to grow them and I think there's definitely room for that.

      I've gone over the sites over the past month and have a list of things that I think will improve each site. It includes growth tasks like expanding to relevant topics (i.e. researching, ordering new content, posting new content) as well as maintenance tasks like improving the monetization of popular posts and formatting (i.e. adding in tables and charts to make info display easier for readers).

      Since it looks like the above tasks are going to be recurring, I was hoping to find someone who's able to implement them with the care and attention I'd give. Especially since I'd like to focus my efforts on email marketing and product creation rather than admin tasks. And it'd be perfect if they could become familiar with the sites in the process. Which is why I was thinking a profit-sharing model would work best - maybe it'd motivate people to do a better job.

      But yes - that is proving really challenging. Most outsourcers either don't care at all or they simply don't have the skills/experience to do the tasks.

      At this point, I think kk075 is right - assigning tasks on a per-project basis seems the only option for me. It's also cheaper than profit sharing, although this means the sites remain "on my plate." Maybe I'll continue to outsource tasks 'til I find someone who's really good and then expand his/her duties into general webmastership.

      Ugh. How do you guys with like dozens of sites grow them without help?!
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