How to pay your Joint Venture Partner?

8 replies
I am going to start a joint venture with someone, and all payments would be going to my paypal account. I will be paying him a % of all sales.

What I wanted to know, is what is the best way to make him comfortable knowing he's getting his correct amount of money?

Like, I wish Paypal had a guest login where he could view certain incoming payments...

For anyone that has done joint ventures, how did you pay your partner and how did you confirm him the sales revenue for the product?


Thanks!
#joint #partner #pay #venture
  • Profile picture of the author innozemec
    instant screenshot should be fine enough... if he can't trust you on that, then probably this JV won't end up well
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  • Profile picture of the author johnjaymiami
    sounds about right.
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  • Profile picture of the author WillR
    Use a service such as Warrior Plus or JV Zoo to process the payments. They both have JV features that allow you to setup JV contracts with partners and you both get paid the correct percentage right away.

    I have used it several times and it works a treat.
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  • Profile picture of the author khooster1
    Use JV Zoo for partnership. The interface and procedure are easy to follow. The payments are instant.
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  • Profile picture of the author Sean A McAlister
    Originally Posted by MarketingVet09 View Post

    I am going to start a joint venture with someone, and all payments would be going to my paypal account. I will be paying him a % of all sales.

    What I wanted to know, is what is the best way to make him comfortable knowing he's getting his correct amount of money?

    Like, I wish Paypal had a guest login where he could view certain incoming payments...

    For anyone that has done joint ventures, how did you pay your partner and how did you confirm him the sales revenue for the product?


    Thanks!
    There are a ton of variables to consider but at the core you're basically entering into a partnership (although it's not a full blown partnership). You should most certainly have an agreement put together, nothing crazy, but something that spells out the deal so it's in writing and documented.

    The best thing to do would be to set up a separate paypal account where you both have the login but that would require setting up a separate bank account.

    If you're product is going to be on Clickbank they have actual JV Contracts where you can identify the % split and it's automatically divided up. This may be a good option if this is your first go at this sort of thing. You can get in touch with an account manager and they can walk you through it.

    All the best
    Sean
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  • Profile picture of the author MarketingVet09
    Originally Posted by khooster1 View Post

    Use JV Zoo for partnership. The interface and procedure are easy to follow. The payments are instant.


    Hey, thanks for the Warrior plus / JVzoo suggestions! Didn't realize that...


    With JVzoo, can I sell the product in multiple areas? (WSO, Website etc... As I think Warrior Plus joint venture would only allow shared payments on WSO's and not website sales or elsewhere)
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  • Profile picture of the author MoneyKattz
    If you are using clickbank they have different options for payouts for Joint venture partners.
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