Guys, I am considering starting a JV on BHW; however, I want to make sure that I follow all of the rules of BHW to the fullest extent. Not only that, but I want to make sure that I provide all the information necessary for all the parties that might be a JV partner. Thanks in advance guys! ** Side Note ** I have searched for "How To Start A JV" and "Starting A JV" on here with no results.
You need 50 posts and 30 days forum membership for the Joint Venture subforum, Other than that I think it's just negotiating with other JV'ers?
Thanks for that information. I finally found the Joint Venture subforum. Now, what information should be included in the Joint Venture introduction?
keep it short and sweet, but with enough info to sound promising. People like short and sweet. don't just jump at the first person that says yes either
Get your facts sorted ready for your legal agreement -nothing fancy just clear and straightforward. This will also help you formulate your pitch. Put simply how much is being invested, why, when and how much do they get their money back, when does it end and what happens if theres a bust up. Eg i want 5000k usd the money will be used to set up a website selling brass knockers the website will be called knockusoff it will be hosted by godaddy @ a cost of $9.90 per month the domain name will be registered in the name of the investor The website is expected to generate $120,000 in revenue over 12months which will be achieved by sales of hot knockers and from adsense advertising revenue. Marketing,SEO and site optimization will be undertaken on a full time basis by me. ROI - return on investment will be achieved by month 3 when the investor will receive 100% ROI thereafter the investor will be entitled to a 50% share of net profits. The investment/agreement will terminate at the end of 12 months The contract will be governed by the laws of the USA and in the event of a dispute an independent arbitrator from blackhat will be asked to determine fault and damages.
