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Joint venture advise needed( pls help )

Discussion in 'Joint Ventures' started by dragunov, Dec 22, 2008.

  1. dragunov

    dragunov BANNED BANNED

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    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
     
  2. Sanitarium

    Sanitarium Regular Member

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    Occupation:
    I guess making love to your eyes since you're read
    Location:
    In your mind.
    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)
     
  3. lewi

    lewi Jr. VIP Jr. VIP Premium Member

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    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
     
  4. tonydecarlo

    tonydecarlo Newbie

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    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.
     
  5. SunTzuX

    SunTzuX Junior Member

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    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.
     
  6. helaughs

    helaughs Registered Member

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    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.