Multiple Joint Venture instead of VC
Hi Im Developing a website/platform that will be ready in around 3 months time, its a idea that I have had for a while which is burning inside me, I really believe it will work for my niche.
I have been thinking ahead as I realise if I want to really take it somewhere I would need some angel investors and then in the longterm VC like most succesful online business.
The last few days I have been thinking and think I may of come accross another way to take the site forward so here me out guys and then give some feedback negative as well as positive.
Basically although I have a niche I will be targeting, there is probally about 6 other niches this site could be tailored to, now imagine you can also launch the site in every counrty in the world (196). But lets face it the majority of the countries would not be worth targeting due to size ect, but lets say we targeted the top 25 richest countries in the world, straight away thats 150 (6x25) sub sites all uder the same branding.
Now lets face it I would have my hands full with one niche in one country but if I could intrest another 150 entrueners/marketers/investors to take on a niche/country and use my website platform, then we could really get somewhere fast.
One of the main benefits I see, would be each marketer would use ther own unique way to make the site work and gain visitors, after each month the analytics of each sub site could be digested and in essence the most succesful sites tactics could be used by other site owners to improve there niche/website and creating a ever evolving brand together, with the end result being the market leader in the industry.
Now I have not thought too much about figures too much but if I worked on that the split would be 80/20% on all profits me being the 20% ( not bad 150 x 20%).
Some would say why would I not be best to just copy your website and do my own niche/country and earn 100% profit on my own and my answer would be that with a combined effort of 150 sub brances there would be no way you could compete with the main big superpower of all our analytics and brand and even with only 80% of the profits you would make far more than 100% profits doing your own thing.
In reality this is just a co-operative or franchise really.
just to finish off the website I have built is in drupal and the main functionality would be the same on each site the only difference would be fields and terms which could be changed easily for each, nich and country.
sorry for the long post ! Opinions guys ?
I have been thinking ahead as I realise if I want to really take it somewhere I would need some angel investors and then in the longterm VC like most succesful online business.
The last few days I have been thinking and think I may of come accross another way to take the site forward so here me out guys and then give some feedback negative as well as positive.
Basically although I have a niche I will be targeting, there is probally about 6 other niches this site could be tailored to, now imagine you can also launch the site in every counrty in the world (196). But lets face it the majority of the countries would not be worth targeting due to size ect, but lets say we targeted the top 25 richest countries in the world, straight away thats 150 (6x25) sub sites all uder the same branding.
Now lets face it I would have my hands full with one niche in one country but if I could intrest another 150 entrueners/marketers/investors to take on a niche/country and use my website platform, then we could really get somewhere fast.
One of the main benefits I see, would be each marketer would use ther own unique way to make the site work and gain visitors, after each month the analytics of each sub site could be digested and in essence the most succesful sites tactics could be used by other site owners to improve there niche/website and creating a ever evolving brand together, with the end result being the market leader in the industry.
Now I have not thought too much about figures too much but if I worked on that the split would be 80/20% on all profits me being the 20% ( not bad 150 x 20%).
Some would say why would I not be best to just copy your website and do my own niche/country and earn 100% profit on my own and my answer would be that with a combined effort of 150 sub brances there would be no way you could compete with the main big superpower of all our analytics and brand and even with only 80% of the profits you would make far more than 100% profits doing your own thing.
In reality this is just a co-operative or franchise really.
just to finish off the website I have built is in drupal and the main functionality would be the same on each site the only difference would be fields and terms which could be changed easily for each, nich and country.
sorry for the long post ! Opinions guys ?
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