1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

What kind of Partnership or Joint Venture?

Discussion in 'Making Money' started by madblackhatter1000, Mar 31, 2016.

  1. madblackhatter1000

    madblackhatter1000 Power Member

    Joined:
    Oct 29, 2015
    Messages:
    554
    Likes Received:
    250
    A new friend of mine started a business 2 years ago. He worked out the manufacturing, supply chain, online store, and customer service. He's discovered that marketing is the hardest part. He's only getting 15 sales a month, but could be getting 100, 500, or 1000 for these $200 products. He's asked me if I want to help out and what the collaboration would look like. Would I charge a fee, get commission for products, etc...

    So I'm bringing to the table 400,000 IG followers (across 100 accounts)...projected to be 1 Million followers by July. I also will do all the SEO stuff, churn 100 high quality articles for drip feeding a blog, pinterest, facebook, medium.com, everything crosslinking to each other, setup a mailing list with dripping weekly digests along with free introductory gift (ebook) to capture email subscribers... etc....

    I don't need an income right now, so my thinking is completely long-term

    If you were in my position what would you do? Would you ask for equity? Building a brand could be worth way more than an upfront short-term commission once my marketing is established and social media platforms on autopilot.
     
    Last edited: Mar 31, 2016
  2. loedown

    loedown Jr. VIP Jr. VIP

    Joined:
    Jun 29, 2009
    Messages:
    1,586
    Likes Received:
    496
    Home Page:
    I'd ask for percentage of the company.
     
    • Thanks Thanks x 1
  3. madblackhatter1000

    madblackhatter1000 Power Member

    Joined:
    Oct 29, 2015
    Messages:
    554
    Likes Received:
    250
    Any tips on how to calculate percentage?