Question about JV with fellow newbie...
Suppose I knew of someone here in the forum who was a fellow newbie like myself. They had created their own product with good potential, only they lack effective sales copy and are struggling with limited marketing resources. I feel I could be of service to them in regards to site design, copy, and a couple other things.
Both of us are struggling, but I really feel we could compliment each other. In essence, make each other more successful.
I have considered approaching this person with my ideas, but wasn't sure of the best approach...and since they are a newbie as well, I thought I would get a working proposal together before hand rather than us both trying to figure things out on the fly.
I suppose this could be considered a joint venture???
I thought about offering a one-time fee to do some work for them, but I'd rather think long-term here.
Truthfully, I'm not sure exactly what my question is, I was just hoping someone could point me in the right direction. This is very new to me, but I am excited at the prospect. I just want to do my homework first.
How do we ensure our fair share of profits?
Are there any contracts we need to draw up, or terms to consider?
Is there a time-frame involved?
I have a ton of questions about joint ventures, and I don't know if the ones I asked even make sense. I will be doing some more resource in the forum. Until then, your advice would be greatly appreciated!
Thanks!
Derek
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