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How do you find someone to do a joint venture with?

by Jenni Proctor
16 replies
I would appreciate your suggestions of how best to find someone for a joint venture. Selling through Flippa doesn't seem like a great idea because it measures the value only on current income, not potential and quality.

Due to an illness in the family I want to retire. I have two websites and had big plans, but I'm a creator not a marketer! Both sites have huge potential. I will consider selling or creating a joint venture with the right person.

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#find #joint #venture
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  • Profile picture of the author GordonJ
    Originally Posted by Jenni Proctor View Post

    I would appreciate your suggestions of how best to find someone for a joint venture. Selling through Flippa doesn't seem like a great idea because it measures the value only on current income, not potential and quality.

    Due to an illness in the family I want to retire. I have two websites and had big plans, but I'm a creator not a marketer! Both sites have huge potential. I will consider selling or creating a joint venture with the right person.

    (edit by mod)
    What metrics, such as market size, buying history, demand etc., do you have to show the "potential"?

    Flippa is a great idea for investors because it does show current income. Projections are best guesses, and now with a Pandemic in full swing, a JV has to weigh that in also.

    Is there expertise behind the sites, will the content be impacted by your retirement, is there a learning curve for the market? A lot of questions, if you have some good answers, you will always get someone's ear. You've got mine, for now.

    GordonJ
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  • Profile picture of the author davehayes
    I would find someone who was likeminded and in the same niche as me, but maybe with different areas covered
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  • Profile picture of the author Claude Whitacre
    Originally Posted by Jenni Proctor View Post

    I would appreciate your suggestions of how best to find someone for a joint venture. Selling through Flippa doesn't seem like a great idea because it measures the value only on current income, not potential and quality.

    Due to an illness in the family I want to retire. I have two websites and had big plans, but I'm a creator not a marketer! Both sites have huge potential. I will consider selling or creating a joint venture with the right person.

    (edit by mod)
    If you are looking for a joint venture partner...what do you have to offer? What do you bring to the table?

    I understand that you had big plans, and your sites have high potential....but none of that matters, because joint venture partners aren't looking for potential. They are looking for proven assets that are currently bringing in money...

    Are your sites bringing in sales? Are they bringing in subscribers? How many people a day visit your sites? How would your sites be an asset to your partner?
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    • Profile picture of the author Frank Donovan
      Originally Posted by Claude Whitacre View Post

      ...joint venture partners aren't looking for potential. They are looking for proven assets that are currently bringing in money...
      And commitment...

      Due to an illness in the family I want to retire
      You want to retire OR start a joint venture. Potential partners are likely to be deterred by the mixed message.
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      • Profile picture of the author Jenni Proctor
        That is such a good point Frank. My mixed message came from confusion. I am starting to find clarity about how to manage this situation.
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  • Profile picture of the author jimjonk276
    You need to be able to prove they have potential, right? What are the financials like, what's your trajectory, demand, avenues for growth etc.

    Soon as you're able to make that argument and back it up with data you'll be fine,
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  • Profile picture of the author Stephen Floyd
    In joint ventures, you don't pitch your business, you pitch yourself. Come up with a way to describe what you bring to the table in the context of why someone should partner with you. If you're a nightmare to work with, the potential of the website doesn't matter. How can you instill confidence in a potential partner based on how you will help them succeed?
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  • Profile picture of the author Kay King
    Here's the thing: The OP is a new member who posted this thread...and left immediately after posting...and has not logged in since then to read any of the replies.


    Makes ya wonder....
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    • Profile picture of the author Jenni Proctor
      Hello Kay,
      No need to wonder, or worry, or complain. It's as simple as this. A family crisis meant I didn't have time to come back on to Warrior Forum and read the many very helpful comments that have been made. There are some great people on here with knowledge that is far deeper than mine, and I appreciate their help.
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  • Profile picture of the author laurencewins
    Hi Kay,


    I save my wondering for my own things instead of wasting it on obvious time wasters.
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    • Profile picture of the author Jenni Proctor
      Not a time waster Laurence; just an unavoidable need to change time priorities for a few days. How quick people are to judge these days!
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      • Profile picture of the author laurencewins
        Jenni, I was agreeing with Kay, another seasoned member here, as there are lots of people who do come in, post once, and disappear into oblivion once more, never to be heard of again. IF you're not in that category, then I apologise.


        I can't really offer you JV advise because I don't flip sites, although I did create a few for paid clients. Good luck.
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  • Profile picture of the author Donna Noble
    It is very important to have a trusted person whom you trust and with whom you keep in touch constantly. I would not want to go into prejudice, but it is very important how a person will behave in a team with new people. The type of venture is also extremely important (if it is an online venture, for example), then I can advise very useful ux-design trends 2021 which will help create a pleasant impression and will positively influence the development of the common cause.
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    • Profile picture of the author Jenni Proctor
      Thanks for the suggestions Donna. I'll look into that.
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  • Profile picture of the author Jenni Proctor
    Points taken. Thank you Donna.
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  • Profile picture of the author Profit Traveler
    Regardless if you have the goods or not the approach will be vital.

    Better to even know someone that knows someone than to take a totally cold approach..and it will be frosty cold, the results.

    Unless you add value to the site that can be measured in revenue you are looking at getting low-balled for offers at best.
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  • Profile picture of the author Manoj V
    Hey Jenni - There are quite a few active Facebook groups that pertain to buying and selling websites, SEO and online business. If you join some of them and start participating in the discussions expressing your thoughts as you have here, you will receive indications of interest from those who might be interested. Although it might take a bit of time, you will get positive results.

    Another idea is to approach the owners of Income School. I know for a fact that they keep looking for websites that have potential and purchase them. They have videos on their YouTube channel mentioning that they bought such websites and turned them around. It's a good practice that they follow as a part of their business.

    Hope this helps, wish you all the best!
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