Need advice on investing in this business...

23 replies
So a guy from WF approached me saying he needs $30 to get his SEO business site online to start making sales, he says he'll give me 50/50 of his business for the $30....

Is this too good to be true?
#advice #business #investing
  • I don't think anyone can build a site in just $30 until he has free hosting plan. How will you share 50/50? Any specification for that or its all about trust?
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  • Profile picture of the author Gambino
    LOL, if he can't come up with $30 to get his business off the ground I would estimate he has a 0% chance at achieving sustainable success.
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  • Profile picture of the author createyouwealth
    My friend, I wouldn't suggest you take him up on that offer,
    First its going to take more than $30 to get an official
    business off the ground. And 2 like stated before if he
    can't come up with $30 himself to fund his business then
    that will be an red flag.

    All the best
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  • Profile picture of the author Seantrepreneur
    Oh man, I almost want to say do the deal because the lesson you'll learn for the $30 you'll lose will be well worth it.
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    • Profile picture of the author Kay King
      So a guy from WF approached me
      How - by PM?

      50% of nothing is...nothing....

      Do you truly believe someone who can't find $30 is going to be a profitable business partner for you? If so, I have some bridges to sell you....
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    • Profile picture of the author chyan007
      Banned
      Originally Posted by Seantrepreneur View Post

      Oh man, I almost want to say do the deal because the lesson you'll learn for the $30 you'll lose will be well worth it.
      I totally agree with Sean,He has made a fabulous point,

      I would also say you go for the deal....

      cheers
      chyanit
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  • Profile picture of the author cjsparacino123
    personally i believe i can make him a success, i just want to know is he going to do the work and be committed, but heres his name

    Daniel Molapo

    his name on here is kingleo101

    He tried to get funding in june, he said none of those deals went through, now hes begging me for a chance, he needs the money to get his site up and running, http://www.digitalfusionseo.com, i told him his site already exists, he said they are not unique or special, i said no they are legit companies.. he basically wants to do an arbitrage business of hiring freelance seo guys and selling them as his own.. shit i might do that...

    personally, when he said send to my paypal, some red flags went off..

    And yeah i told him im getting a contract from you signed, he said sure

    my gut tells me to do it, my gut never tells me to do anything, this one time it says do it
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  • Profile picture of the author Gambino
    Do it then, it could be the best $30 you've ever lost.

    I've been meaning to ask you if I can borrow $50 for this new venture I'm launching. You'll get half of my profits for life!

    PS. A signed contact over $30? What are you going to do with it? Just curious about the term of this contract and how you plan to enforce it.
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  • Profile picture of the author supereek
    lol eBegging...
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  • Profile picture of the author Randall Magwood
    The OP was obviously laughing while he created this post cause he has me rolling on the floor laughing now.

    Originally Posted by cjsparacino123 View Post

    ...my gut tells me to do it, my gut never tells me to do anything, this one time it says do it.
    Don't do it.

    Look... just give the money to me. I want to take my girl out to PF Chang's tonite. (i hope it will cover the bill LOL!!)
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  • Profile picture of the author TheGMa
    CJ, honey, a contract isn't worth the paper it's printed on if one party doesn't follow it. I mean, whadda' ya' gonna' do? Take him to court? Where, down the street? In Hong Kong? Where is he gonna' take you to court when you start throwing his name and biz around without permission? Oops, you already did that. Fortunately, you didn't say anything nasty.

    Say he does make some dough, real dough. Fine, he can bankrupt the (at this point non-existent) company and start over again under a new name. Of course, as a 50-50 partner, so can you. BTW, who is responsible for the acceptance and distribution of the funds. Legally responsible? And for paying taxes and doing filings as necessary?

    Who's going to pay for the contract to be properly written by a business attorney? You? That's not something you do down the road, it's a task that is performed FIRST. And like I said, a contract is no better than the people who sign it.

    - Annie
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  • Profile picture of the author Steve B
    Originally Posted by cjsparacino123 View Post

    Is this too good to be true?

    No, it's too bad to be true.

    If you can't see right through this disaster, you'd better get some full time supervision.

    Steve
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    SteveBrowneDirect

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  • Profile picture of the author svetod
    I really don't think that this will make you any money at all
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  • Profile picture of the author cjsparacino123
    ive never done anything like this before, so its interesting to see the realities of the situations
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  • Profile picture of the author KeenR
    Haha! That's his hustle. He probably made that offer to many WF members. If he ask enough people, a few are bound to give it to him. After all, what's $30 for a chance at 50% profit?
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  • Profile picture of the author Rich Struck
    Sometimes I can't believe the stuff I see on this board.

    By all means, give him the $30 to start his empire.

    Good God.
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  • Profile picture of the author stackman
    He probably approached a hundred people with his little scheme and will make a cool $3000 before he moves on to the next scheme. Besides, how would you know how much he's making to know if you're getting a 50/50 split? And how will he split 50/50 with a hundred people? Think about it.
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  • Profile picture of the author TommyHara
    Originally Posted by cjsparacino123 View Post

    So a guy from WF approached me saying he needs $30 to get his SEO business site online to start making sales, he says he'll give me 50/50 of his business for the $30....

    Is this too good to be true?
    It's not true, $30 only can spend for my hosting package for 1 month and you can not do anything with this amount.
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  • Profile picture of the author michealkhobis
    Nowadays the $30 is really very small amount. I am not sure how a SEO business can start by $30+ $30= $60. There are many free domain & hosting is available, but the free version is not good for a log time business. How much profit will be earned by investing $60? So it is not a good job, I think.
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  • Profile picture of the author Jason Kanigan
    Originally Posted by cjsparacino123 View Post

    So a guy from WF approached me saying he needs $30 to get his SEO business site online to start making sales, he says he'll give me 50/50 of his business for the $30....

    Is this too good to be true?
    I've donated to people with a "sob story"...they didn't even bother to say "Thank you."

    Treat things like this as a scam. If you want to donate, with the expectation of nothing in return, not even an acknowledgment, then go ahead. It might be good karma.

    Better to invest the $30 in yourself, though.
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  • Profile picture of the author N8fighter
    Still, there is one in a million chance, that it’s a new rising guru salesman. And you are standing at the beginnings of something great! LOL Give him a try!
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  • Profile picture of the author MonkeyKingBar
    Banned
    [DELETED]
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    • Profile picture of the author Gambino
      Originally Posted by MonkeyKingBar View Post

      Hi!
      good to that? Be careful sweet as candy greeting new there
      What? My head hurts.
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