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How do I split revenue with a partner easily, so there aren't any money problems?

by wishfulsuccess
11 replies
So let's say my partner and I decided to split the revenue 50/50. Is there a secure way to handle this so that a partner cannot run away with 100% of the money?

For example, if we use marketplaces like Clickbank, Paydotcom, etc?
#easily #money #partner #problems #revenue #split
  • Profile picture of the author Alexa Smith
    Banned
    ClickBank yes; PayDotCom no.

    https://support.clickbank.com/entrie...-Joint-Venture
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  • Profile picture of the author stoltingmediagroup
    My general rule in business, as well as in my personal life, is that anyone I chose to associate / partner with, should not be anyone that I might be even slightly concerned with that they might run away with 100% of my money. But maybe I'm getting to deep...
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    • Profile picture of the author Jill Carpenter
      JVZoo can handle this.
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      "May I have ten thousand marbles, please?"

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      • Profile picture of the author Kurt
        Originally Posted by Jill Carpenter View Post

        JVZoo can handle this.
        As Jill points out, JVZoo can do this. They allow you to set up a partner split with (I believe) up to two other partners. In addition, you can also set it up to pay affiliates.

        For example, let's say you and your partner agree to split profits 50/50. You also want to pay affiliates 50%. JVZoo will let you pay your affiliates, then share the profits left after your affiliates are paid.
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    • Profile picture of the author Kurt
      Originally Posted by stoltingmediagroup View Post

      My general rule in business, as well as in my personal life, is that anyone I chose to associate / partner with, should not be anyone that I might be even slightly concerned with that they might run away with 100% of my money. But maybe I'm getting to deep...
      Hey Arnold,

      I take a slightly different approach. I try to do everything I can to remove any suspicion by either side. With the options available now, there are few reasons to have to totally trust if someone is taking more than their share.
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  • Profile picture of the author jeffsolochek
    Originally Posted by wishfulsuccess View Post

    So let's say my partner and I decided to split the revenue 50/50. Is there a secure way to handle this so that a partner cannot run away with 100% of the money?

    For example, if we use marketplaces like Clickbank, Paydotcom, etc?
    Some sites will let you do a revenue split. Someone once told me that you can get a script to get Paypal to do this. Merchant accounts can also do this. Something to research
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    Jeff Solochek
    http://www.jeffreysolochek.com/blog
    http://www.networkcelebrity.com

    I also build blogs for companies and individuals

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  • Profile picture of the author hustlinsmoke
    Don't know what type of business or how the sales page if any is set up ect.
    There are however paypal rotator scripts that I have used in the past to do this.
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  • Profile picture of the author Lloyd Buchinski
    The RAP (Rapid Action Profits) program by Sid Hale who visits here occasionally, will do that. It is rarely mentioned these days, but when it is, it is always with positive comments. It works with a one time payment and is probably the cheapest if you are going to be doing any volume.

    It hooks up with PayPal and for a 50 / 50 split, it will deposit alternate sales directly into the PayPal accounts involved. No one else touches the money. This makes taxes simple. Each person just reports the amount received.
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  • Profile picture of the author zahanega
    There is an option on paypal to split the money
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  • Profile picture of the author WillR
    I have done this exact setup in both Warrior Plus and JVZoo.

    It has worked a treat both times.

    I know Clickbank also has a JV contract option now also:
    https://support.clickbank.com/entrie...-Joint-Venture
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  • Profile picture of the author wishfulsuccess
    Awesome help, people!

    I'm going to go for a test-drive on JVzoo or Clickbank. I'm already using DAP, so switching over to rapid action profits might be a little too much of a hassle. Thanks for all the advice.
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