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Where to look for partner

by Andrew-Scott-Music
16 replies
I have a site that requires further development in order to become profitable (who doesn't?).
I'm looking for a partner who is prepared to invest some time and money.
Does anyone know the best place to advertise for such a person?
#joint venture #partner
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  • Profile picture of the author Delya
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  • Profile picture of the author Internet Trillionaire
    There is a warrior joint venture subforum here on the Warrior Forum. Use the search function.
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    • Profile picture of the author Frank Donovan
      Originally Posted by Internet Trillionaire View Post

      The is a joint venture subforum here on the Warrior Forum. Use the search function.
      The JV section is only open to War Room members, and there's a minimum post requirement.
      .
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      TOP TIP: To browse the forum like a Pro, select "View Classic" from the drop-down menu under your user name.

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  • Profile picture of the author Andrew-Scott-Music
    Thanks Frank.
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    Andrew Scott

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  • Profile picture of the author dave_hermansen
    Partnerships are tough. We've been through too many partners to count over the years and it rarely works out. You need to find the perfect match for you and for the partner - one where your strengths are ones he/she doesn't have and their strengths are things you do not possess and then you need both sides to feel as if the time both are spending is equal and that each gets an equal say in how things are done (and how that inevitable tie is broken).

    I wish there really was a good answer for this but at least you're on the right path. Forums or social groups built around eCommerce and marketing are the place to look, for sure. Unfortunately, it's often a blind leading the blind scenario.

    I know if I was approached as a partner (sorry, too busy to do that, incidentally) I'd want to know what I'm getting out of the deal. Anybody can slap up a website, after all. I'd be especially wary of someone seeing what you're trying to do and saying to themselves "this person has no clue but I like the idea ... I think I'll build my own website and cash in, leaving this dude out in the cold".

    My advice would be to learn how to do whatever it is that you are not good at right now. That way, you'll not only pick up a new skill set, but you'll know in the future what it is that any partner you choose really should be doing.
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    • Profile picture of the author Andrew-Scott-Music
      I'd be especially wary of someone seeing what you're trying to do and saying to themselves "this person has no clue but I like the idea ... I think I'll build my own website and cash in, leaving this dude out in the cold"
      Yes Dave, on re-considering your post, this could be an issue. After all, anyone who has access to the backend of a site can clone it quite easily. Then it's just a matter of changing the domain name, and now Google has an issue with duplicate content. How does anyone find out enough about a prospective partner in advance to trust them not to do this?
      My advice would be to learn how to do whatever it is that you are not good at right now
      Yes, up to a point. What I require is hard-core coding. I'm never going to learn that.
      each gets an equal say in how things are done (and how that inevitable tie is broken)
      Do you mean, have an exit strategy in the JV agreement because it will have to end sooner or later?
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      • Profile picture of the author dave_hermansen
        Originally Posted by Andrew-Scott-Music View Post

        Yes Dave, on re-considering your post, this could be an issue. After all, anyone who has access to the backend of a site can clone it quite easily. Then it's just a matter of changing the domain name, and now Google has an issue with duplicate content. How does anyone find out enough about a prospective partner in advance to trust them not to do this?

        Yes, up to a point. What I require is hard-core coding. I'm never going to learn that.

        Do you mean, have an exit strategy in the JV agreement because it will have to end sooner or later?
        Well yes, there definitely needs to be a legal contract that spells out what happens upon dissolution. That's not what I was talking about, though. There are many decisions that have to be made about things and when there are only two people involved, the possibility of a disagreement (a.k.a. tie) is 100% greater than if there are three or five or seven people (where majority rules and the odd number guarantees some side wins). You indicate that you would have 51% ownership which may lead you to believe that you would get the end decision in all matters but if that is the case, it means a very unhappy "partner".

        In other words, when there are only two people and you say "red" but he says "blue", how do you determine which it is going to be? Is it a coin flip? Do you rotate the "winner" every other time there is a tie? (you got your way last time, I get mine this time). Or, do you to try to strong-arm with the 51% which will always lead to a break-up?

        Oh ... and if all you need is hard core coding, I'd strongly consider outsourcing that and just paying that person for the work. I have a funny feeling that is where the real issue is ... coming up with the money to do that. People who specialize in that would much rather regular work for a set wage where they know they are going to get paid, rather than taking a chance and getting nothing.

        I can't help but wonder what kind of "coding" you need for a website. Due to the wide variety of platforms and plugin apps, we have rarely needed actual coding done and have been able to find people to do it on the rare occasions where we have needed it. Or, are you talking simple HTML/CSS stuff, which you can easily learn for free at w3schools?
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        • Profile picture of the author Andrew-Scott-Music
          if all you need is hard core coding, I'd strongly consider outsourcing that and just paying that person for the work. I have a funny feeling that is where the real issue is ... coming up with the money to do that.
          Yes, that's a good point, Dave.
          I can get the money for it, but it always ends up being more complicated, more expensive, takes longer than I expect and breaks something that used to work. (perhaps due to my unrealistic/ignorant expectations.) Then further issues arise...
          I'm thinking that a programmer with an interest in the profit might stick around for the long term and benefit more financially.
          But I see what you mean by
          you say "red" but he says "blue"
          .
          Someone has to be the boss...
          But I've worked in situations like this before where I was only a 10% partner, I didn't always get my way, but there was always a good reason when I didn't, or the issue on which I lost ended up being insignificant.
          so if there is some sympatico at the start, it augurs well.
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  • Profile picture of the author Andrew-Scott-Music
    Thanks for your opinion, Dave.
    My situation is that I'm too busy or unable to do everything required, other than supervise the direction.
    I'm not worried about duplication of the site - it's idealhoroscope.com, BTW. There's a steep learning curve that would be a barrier to entry.
    Another aspect I've been considering is how much trust in me would be necessary by the new partner.
    I want to retain 51%, and would keep the hosting on my server, and the Adsense account in my name, so the new person needs to be assured that I will pay up when I promise.
    I appreciate your input.
    Thanks.
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    Andrew Scott

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    • Profile picture of the author dave_hermansen
      Originally Posted by Andrew-Scott-Music View Post

      Thanks for your opinion, Dave.
      My situation is that I'm too busy or unable to do everything required, other than supervise the direction.
      I'm not worried about duplication of the site - it's idealhoroscope.com, BTW. There's a steep learning curve that would be a barrier to entry.
      Another aspect I've been considering is how much trust in me would be necessary by the new partner.
      I want to retain 51%, and would keep the hosting on my server, and the Adsense account in my name, so the new person needs to be assured that I will pay up when I promise.
      I appreciate your input.
      Thanks.
      In that case, I'd post on forums/groups exactly what you need from the partner and what he/she can expect in return. This includes skill set, number of hours they need to commit to and the amount of money you say you need from them
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    • Profile picture of the author Jeffery
      Originally Posted by Andrew-Scott-Music View Post

      Thanks for your opinion, Dave.
      My situation is that I'm too busy or unable to do everything required, other than supervise the direction.
      I'm not worried about duplication of the site - it's idealhoroscope.com, BTW. There's a steep learning curve that would be a barrier to entry.
      Another aspect I've been considering is how much trust in me would be necessary by the new partner.
      I want to retain 51%, and would keep the hosting on my server, and the Adsense account in my name, so the new person needs to be assured that I will pay up when I promise.
      I appreciate your input.
      Thanks.

      An internet business foundation built on promises is like a California home foundation built on an earthquake zone. Disaster waiting to happen.


      An online business partnership is the same as an offline business partnership wherein all parties start with their own legal foundation, i.e. lawyers and accountants.


      Lets say you locate a potential partner and you have all of he above in order. What is the next step? Do you know? If you do not know then asking for advise on open forums is a bad place to start and a sign to any potential business partner that you and your business are a liability.


      A horoscope site? That is your leverage? What is your leverage? What is the partner's leverage? What do you want your partner's leverage to be?


      What do you bring to the table? What do you want your partner to bring to the table?



      My advise to all of my clients and my own family when applicable is to own your businesses tangible and intangible leverage before you contemplate a business venture of any shape and form to include a business partnership.


      Even though you stated what you consider to be leverage as well as your intentions I am afraid that none of that including a War Room Membership will lead to a profitable partnership.


      Like I said, you are not prepared to enter into a business partnership and forums for that purpose may give you some valuable advise and my advise is contact a good lawyer and accountants before you waste more of your time.


      Otherwise, some people in this forum..


      WILL EAT YOU ALIVE!


      Jeffery 100%
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  • Profile picture of the author Andrew-Scott-Music
    Thanks for your input Jeffery.
    When I say "promise" I mean that which I am contractually obliged to deliver.
    I'm wondering about the enforce-ability of any contract, no matter how skillfully drawn up, where the assets are a website, cash in an Adsense account, and the partners might be in different countries, only known to each other via email or Skype.
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    Andrew Scott

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  • Profile picture of the author Jeffery
    You just don't get it.
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    • Profile picture of the author Andrew-Scott-Music
      You just don't get it.
      Jeffery,
      are not all relationships and transactions based on promises and trust?
      And are not the lawyers and contracts only there to remind the parties of their obligations and entitlements and to specify what happens if someone behaves dishonorably?
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      Andrew Scott

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      • Profile picture of the author Jeffery
        Originally Posted by Andrew-Scott-Music View Post

        Jeffery,
        are not all relationships and transactions based on promises and trust?
        Relationships and transactions? No, unfortunately not anymore Andrew. I am not going to regurgitate my post, so you just keep on asking ignorant questions and maybe you'll get some ignorant answers that fit your agenda.


        Originally Posted by Andrew-Scott-Music View Post

        The lawyers and contracts are only there to remind the parties of their obligations and entitlements and to specify what happens if someone behaves dishonorably.
        Countless people on this forum are in the poorhouse that held that as a business foundation Andrew. You unfortunately seem to be heading in that direction. Talk to any good business lawyer or any business education institute and you will learn it is quite the opposite. Your questions reflect that you have absolutely no background in business on the internet and no formal business education.


        Do you actually consider what people say to you before you reply?


        Again, you just don't get it.
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  • Profile picture of the author Andrew-Scott-Music
    You must be a very unhappy man.
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    Andrew Scott

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    • Profile picture of the author Jeffery
      Originally Posted by Andrew-Scott-Music View Post

      You must be a very unhappy man.
      You are entitled to your opinion. Lets say you find what you call a business partner and you control the adsense account and your so called business partner intentionally or unintentionally gets the adsense account in your name banned. Then you would be a very unhappy man because you just don't get it.


      Your mindset is setup for failure. Make sense now?
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