That being said, i think i may have just got myself in over my head with a project i agreed to take on. I am relatively new to the internet marketing arena with about 1 year of part time experience.
One man approached me about setting up an e-commerce site to sell his "hunting widget." I went to the Google keyword tool and found over 100,000 searches per month looking for this "widget."
NO ONE ELSE IS SELLING THIS THING!!!
He makes these widgets by himself at home, but he has no clue on how to sell them on the internet or make money. Thus i offered him a business partnership where i would take 50% of all the profits if i were to set up everything.
(E-commerce Website, Optimization, Payment Gateway, fulfillment etc.)
Now Im pretty sure it wouldnt be that difficult to setup a simple Wordpress E-commerce site for actually selling these "Widgets."
The problem would be with SCALING the business.
- how do you go about finding a manufacturer to duplicate and mass produce his handcrafted widget??
- How do you find a good shipper to partner with the manufacturer??
- How does one split the profits 50-50?? (Separate business account? Payment Gateways?? Paypal??)
- Is there a general contract template for this type of business venture arrangement?? (I don't have a thousand dollars to pay a lawyer)
Guys i really need some help on this one, thanks a lot for any advise you can give me.
Please feel free to contact me anytime and thanks again.
skype - mdrich10