Joint venture advise needed( pls help )

dragunov

BANNED

Sep 29, 2008

188

100

• Dec 22, 2008

• #1

Hi

I am starting a jv with a person
which is about selling sites after creating them. He will make the site and I just need to do the SEO work . after site is sold 50/50 profits

Even though the person is honest pls tell if there is anyway to ensure that he doesnt scam me in the end... please help its a real concern....how can i make sure he wont scam me ?


ANy help wud be highly appreciated
Regards

 

S

Sanitarium

Regular Member

Sep 27, 2008

312

654

• Dec 22, 2008

• #2

Oh that's a tough one. Well, if you sell site by site and not bulk then you can create trust.
But you could always have a third party collect the funds (preferably not a scammer lol)

 

lewi

Elite Member

Aug 5, 2008

2,404

893

• Dec 22, 2008

• #3

Do one and then get the cash..... then keep doing it like that untill you are comfortable to accept more bulk payments....

also get his real home number if you want

ask him for acess to the account from were he is selling these things

 

T

tonydecarlo

Newbie

Dec 1, 2008

11

7

• Dec 22, 2008

• #4

I think if you feel you have alot at stake, (meaning these sites will sell for a good amount of money) then you should draw up some kind of contract between the 2 of you. Get your partner to sign something. Just be specific in the contract.

 

SunTzuX

Junior Member

Sep 15, 2008

102

32

• Dec 22, 2008

• #5

Unfortunatly there is always going to be a risk. Lewi has it right, take it slow and make sure you get paid each time as you go. The more complex things get, the more risk. Being online doesn't help the matter, JV's can be risky when you actually know someone and shake their hand let alone with someone you've never met. Get to know as much about him as possible.

 

H

helaughs

Registered Member

Nov 26, 2008

98

19

• Jan 2, 2009

• #6

Yeah there is always risk, you can minimize your risk by having a contract, insure transparency by sharing the selling account and generally taking things slow.

One more thing to keep in mind is that you shouldn't risk more than you can afford to recover from. I have been scammed a couple of times by business partners, but each time it was for relatively small amounts, because I was taking things slowly.