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How to do JV in flipping business??

by tayuyaa
1 replies
Hi warriors, my friend and I are planning to work together but we do not know what to do. I thought about flipping websites but even so how do we make profit together, I dont know for you but for me it seems that IM is a personal business, what do you think?

Can you give me some advices on how to work with a partner?

Thanks
#business #flipping
  • Profile picture of the author drifter73
    What I would suggest is that you both take on separate responsibilities, otherwise you'll be tripping over one another.

    1.) Assess both your skill levels & and abilities
    2.) Separate your strong points to be focus on as primary's
    3.) One of you takes the investor / Sales role (This is the one that buys the domains, hosts them, & locates buyers.)
    4.) One of you takes the Developer / Designer / SEO role (This is the one that designs & develops the code & graphics of the site, as well as utilizes seo/sem techniques to get the sites up to page 1 & 2 of search engines.)
    5.) The above role order is just an example & your skill sets may require a different order.

    That's the cut & dry version anyways. If you are confident you have all the above skill sets yourself, then you can try to do a solo venture in domain/website flipping. Keep in mind that JV's ONLY work if each member in the venture brings a unique skill to the table the other dosen't have.

    That's just my Opinion anyways.... I'm sure you'll get others with different ideas.
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