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

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

I would find someone who was likeminded and in the same niche as me, but maybe with different areas covered

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?

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,

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?

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....

Hi Kay,


I save my wondering for my own things instead of wasting it on obvious time wasters.

Points taken. Thank you Donna.

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.

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!

This is a great statement. To be beneficial and attractive to a JV partner, you have got to be all-in.

The other thing is that any JV partner that will actually bring you any success will have a substantial outlet and following. To get around those people, I suggest looking into high-end mastermind groups. You're going to have to pay at least $5,000 a year to get in them, but that investment pays quickly because you're hanging around a crowd that is also looking for JV partners.

Watch out for these common JV mistakes. I blame the first on the Internet itself: there's so much information available (often at cross-purposes, or erroneous) that it's very easy to get stuck learning about JVs, and never doing a real deal.

The other common JV mistakes have to do with implementing the process itself. So many people "hide behind their email" - and let me tell you, the persuasive power of the human voice cannot be ignored (while an email message can)! Get on the phone with your prospective JV partners.

And what if you don't have time? Hire someone to call them. It's that simple. You can't do it all, and do any of it well. What it comes down to is this: if you take on more than you can handle, the joint venture experience will be less than profitable (on many levels). You'll be exhausted, frustrated, and simply unwilling to try another joint venture.

Post on forums. Most of them have a joint venture section where you can advertise your offer.

I would probably just use a professional broker at one of the major website/domain marketplace. The brokers that I worked with were absolute masters at getting higher prices.