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Joint venture software - does this exist?

by Hilary
9 replies
Hi all,

Here's what I want to do:

In partnership, I set up sales of the product and process them through my site & Paypal account. Software keeps track of the sales of this product, calculates what I owe my partner for a given % so I can send him his share, and has a dashboard he can log into to check sales.

I thought affiliate software would do this, but no. No way to credit a % of all sales of a particular product, regardless of referrer, to one affiliate. (Let alone manage first a % for a referring affiliate and then a % of the remainder for the partner.)

ETA: to sum up, the ideal software:

- tracks sales of a product
- credits any referring affiliates
- then credits the partner his % of the remainder
- tells me what to pay to whom
- lets the partner log in and see the process

How does anyone else manage this? How do you process the sales yourself and pay a % of every sale to your partner, and make the process transparent to them?
#exist #joint #software #venture
  • Profile picture of the author Sid Hale
    RAP handles this nicely, but we call them "Equity Partners".

    It's in my sig.
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    Sid Hale
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  • Profile picture of the author Hilary
    Thanks, Sid. I'd prefer to avoid the alternating payments thing if possible, and have it all come through my account, but you may have the only available solution there. I will go look.

    Can 'equity partners' be paid in addition to affiliates? Eg 50% for the affiliate, 25% for the partner, 25% for me?

    It occurred to me that this could be done with regular affiliate software if you could assign someone as a 'default affiliate' or 'virtual affiliate' for just one product. A 'default affiliate' being the one who is credited for all non-referred sales. So I'd set up my partners as default affiliate for his product, getting 25% commission. I'd set up regular affiliates to get 50% on that product. And I'd pay my partner 25% of my total takings on the product. That way if there's an affiliate referral, he gets the 25% I pay him directly, and if there isn't, he gets that 25% and also the default affiliate's 25%.

    It's a beautiful, beautiful theory. Unfortunately PAP (which I already own and like very much) only allows a default affiliate for the whole system - so he's credited with all unreferred sales on all products.

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  • Profile picture of the author Coby
    Simple One Click does want you are asking...

    It has a spot to enter "joint venture partners" you name the percentage and they are paid instantly for each sale (adaptive, not rotating).

    Rap will work very nicely also
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  • Profile picture of the author Hilary
    I see - on the FAQ page, 'What is the JV split feature?
    Simple One Click allows vendors to share their profits with a joint venture partner, even sales generated by affiliates.'
    Perfect. Only thing is, it's a hosted service. Ack.
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    • Profile picture of the author Coby
      Originally Posted by Hilary View Post

      I see - on the FAQ page, 'What is the JV split feature?
      Simple One Click allows vendors to share their profits with a joint venture partner, even sales generated by affiliates.'
      Perfect. Only thing is, it's a hosted service. Ack.
      It's exactly that... You put in a percentage amount and the person is paid that amount after payment to any applicable affiliates are made...

      for example - you sell a $100 product and offers 50% commissions to affiliates and also 50% to your JV partner...

      Some one finds your site from Google and purchases (no affiliate). So the money is paid into YOUR PayPal and then the JV partner is instantly sent their $50...

      Second scenario - Some gets an email about your product and buys it (through an affiliate link), in this instance you would again be paid the $100 into your PayPal account while also paying $50 to the affiliate and $25 to your JV partner...

      Yes this is hosted - but it does what you asked for...

      If you want self hosted then go with RAP as previously mentioned...
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  • Profile picture of the author Dan Bainbridge
    Clickbank do this now too - its called Contracts or something, but essentially does what you want:

    you and a JV partner own the product 50/50 for example, affiliates can still make sales, clickbank takes the payment, fees, pays the affiliate, and then gives you and your JV partner 50/50 of the remaining money (or whatever split you set).

    You set it up through one of your accounts - tag your JV partners CB ID to a product and set the % split.. good system.
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  • Profile picture of the author Hilary
    ....yes, it looks like RAP is a good option, or probably the only option.

    The only other thing I've found that does something similar is JV Manager. But version 1 is very old and unsupported, and the latest version - Delavo - seems no longer to be available, or to have become a scarily-priced hosted service if/when it ever is. Is that right?
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    • Profile picture of the author Sid Hale
      Originally Posted by Hilary View Post

      The only other thing I've found that does something similar is JV Manager. But version 1 is very old and unsupported, and the latest version - Delavo - seems no longer to be available, or to have become a scarily-priced hosted service if/when it ever is. Is that right?
      No idea...
      You don't hear much about JV Manager, or Delavo - anymore. I heard that the creator sold it off to some "guru", and that the buyer has since abandoned IM altogether. Whether true, or not, the fact that you don't hear about it, is more than a little scary.

      If it's not advertised, it won't get many new sales, and therefore little infusion of cash for maintenance/update of features, etc. Help Desk? Support ???
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      Sid Hale
      Coming Soon... Rapid Action Profits (Pro)

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