What's Your Take on Partnerships?

[Blastyourass]

I have some great ideas that I can't possibly launch without some extra help and expertise. I really feel these ideas are money makers but I don't have the skills in design, programming etc to make them happen plus time. However I do have some capital and the idea to implement.

I'm entertaining giving away percentages of a business for expertise brought to that table. Meaning work done will not be paid on the front but on the backend.

What do you guys think? I know Jon did it with Brandon but often I know partnerships are sinking ships?

 

[Reefer420]

I'm always worried about giving away my ideas and have someone w/ more expertise run away with them... not to mention a % of the profit. then again, if you just sit on your hands and can't make it work you lose out. If the contracts are written well enough I would guess there wouldn't be a problem legally.

I also feel I would have a problem hiring a family member or close friend...too many complications...

 

[Bofu2U]

You may be better off getting someone to do those skills, and have them sign non-disclosure agreements. That will protect you from them stealing your idea

 

[Blastyourass]

yeah i have all that and a jewish attorney who rips people a new asshole. covenant not to competes, non-disc. etc.

the most successful companies and people always align with people where they are weak to compliment them and in turn make more money. the mastermind approach. 3 minds are better then one, well most of the time.

think about it? we are all strong in areas but weak in others and its those areas that will always hold us back from what we can truly become. unless you work on those areas and fine tune them and thats great but why not accelerate the time by forming partnerships.

by yourself it may take 2 years. with a dream team, 6 months and be way more successful.

You may be better off getting someone to do those skills, and have them sign non-disclosure agreements. That will protect you from them stealing your idea

 

[BlondeTM]

Partnerships are hard. You have to work at them, not just on a business level, for them to work.

I can't tell you how many times my partner and I have told each other to fuck off (probably used those exact words too), but we get through it because we have a great synergy. We talk to each other every day, and I can't imagine not having him as a partner at this point.

If you're looking for just the tech expertise, make that clear from the start. If the other person wants to be a true partner and have their ideas matter, NOTHING is going to send them into a full blown hissy fit rage faster than feeling like an indian doing monkey work. In fact, if you're looking for that, just pay for it.

If you don't want to pay for it, don't insult someone who spent a ton of time learning the tech end (and felt like poking their eyeballs out each and every time they had to learn something new) by asking them to "partner" with you when you're really going to use them for free tech help. The only reason I'm being so harsh when I say this is because I have personally felt like this at times, and I adore my partner. I can't imagine feeling like that with good reason to.

My partner and I get along great, I consider myself blessed to have him as a partner and a friend. BUT...having only one person as the one who actually puts it together is hard. I would bet it's probably the thing that breaks most partnerships up, when one person has to do more work than the other one because the other one doesn't know how. Ideas are great, but without implementation they are useless.

Think about why you want a partner. If it's for grunt work, don't do it. If it's for sharing ideas and learning from each other...go for it. Like I said, I can't imagine it any other way now. But if you asked my partner, I'm sure he'd tell you there were many times he was thankful we live a thousand miles away from each other.

 

[John]

I've never had a partner and I don't think I ever will, I just donn't trust anyone enough to bring them into my business. I can't see the need for having a partner either, I suck at coding so I pay people to do it, I suck at design, so I pay people to do it, ect. ect.

 

[Blastyourass]

I hear everything your saying here ladies and gents. Such a tough decision.

Reefer 420 feel ya there, Blonde, great points. John, so true.

I've had them and they never worked out but the deal is that when they do they can be magical if done right as Blonde suggested.

The deal with me is that we are talking 10 or more projects and I'd be happy to say here. My idea, I started it. I have the ties and marketing ability to maek it woork you have the skills to make it look nice and do your php, html seo shit and manage day to day maintanabec and we split 50/50.

See I can make a grip of money Blonde with just ideas, marketing skills and half ass web skills. I know this because I do it every day. But a programmer/designer with know ideas and marketing will not come close to making this online marketing thing work and if they do it will be very minimal income. Unless they contract ideas and marketing out but thats the highest paid consultants right there or team up with someone.

I'm looking for partners who lack ideas and marketing but have the skills to take my ideas to the next level and produce a slick lead capturing money making site that I market and they maintain and I push. We all work we all get paid.

I have an SEO, and that would be SEOMIKE who I am fine tuning an agreement with for one project. Next is a blog/design expert who wants
to work my second project with. Once finalized I will openly publish the results of our efforts and partnerships and if they dont work out then it's Ultimate Affilaite Fighting on Wicked Fire guys.

Then maybe if it goes well, more WF relationships will form and Jon can change it to a fucken dating site for SEO's.:repuke:

Thanks and if it dont work reefer and john can say i told your dumb ass so.

 

[CorrectAD]

I work with a guy on a lot of my projects, and I think things always go better when we work together.

Why?

Because when I'm stuck, I can bounce ideas off him, and when he's stuck he bounces ideas off me.

Plus, there's day-to-day shit I can't/don't want to do that NEEDS TO BE DONE. Same thing for him.

I agree with hiring for most of your shit, but consider yourself lucky when you find someone who you KNOW won't fuck you, and you KNOW you'll never screw over.

That's Priceless.

In fact, it's actually in Think and Grow Rich as one of the main principles: The Mastermind Group.


People who do things on their own without ANY form of partnership are typically slower to succeed.

 

[BlondeTM]

One of my favorite quotes is by John D. Rockefeller:

A friendship founded on business is better than a business founded on friendship.



That is 10000% true. My partner and I didn't know each other at all when we became partners. What we did know is that each of us had a strong point where the other had a weakness. We've built a business on that, and we both keep growing and adding value to the partnership.

Good luck with whatever you decide, I do believe that without my partner...I wouldn't be where I am today (a crazed alcoholic).





I'm kidding about the crazed alcoholic part!!!

 

[andrew wee]

Ideas are about a dime a dozen.

Implementing them is where the test and the money is.

So why not focus on building ONE idea, making a decent five figures from it, taking something out and using it to build up your second idea, then rinse and repeat for the third.

You avoid having partnerships and joint efforts (and eventually those turn into arguments about money...).

On the other hand, if you've already run a number of successful projects, then your name and rep itself will already have value and you can do tie-ups where they use your name, you get a cut of profits and you don't put any money down....

 

[Luk-3]

i am in a partnership, the only problem i have is arguments on splits of money because of the work laod put in by each person on a job. Other than that they can be useful at providing you with helpful resources.

 

[smaxor]

I'll throw in my 2 cents on this one. As I work with partners. And the most important thing is what do you bring to the table? The programmer is going to be doing all the work pretty much so you better have something that's pretty damn unbelievable for them to want to spend all their time coding for you. The people I work with I've proven multiple times my ideas work and I have the relationships to get what's needed to make them work. If you need 1k private proxies do you know where to get that? If you need to throw 20k into a project do you have the money to do that?

One thing that I feel makes my partnerships work is that I know how to code and I'm willing to learn whatever I need to, to make a project work. So I know how to communicate with my programmers/partners in a language that they know. Another thing I bring to the table is that I have a lot of relationships in this business so if we get stuck on a project I have a lot of close friends I can specifically ask to try and get us unstuck.

One thing you might consider getting these ideas and testing them on a decent scale. If you prove they work and can show what potential they have, and the exact peices that need to be created to get it to that level, you might have something.

Again a partnership is founded on trust and relationship and I'll be 100% honest with you. What you've displayed on this forum in a lot of your posts would make most level headed smart programmers VERY leary about working with you. I know you're trying to clean up your act and I commend you for that. But people talk a LOT of shit about you. Work on giving back and being someone who is trustworthy and you might get somewhere.

Honestly ask yourself, in a self realization way "If I was a great coder would I partner with me? And if so why or why not?" If the answer is what I think it will be ask yourself "What can I do to become the person someone would want to partner with?"

 

[Blastyourass]

Yes ideas are a dime a dozen Andrew but I'm talking about ideas that have been thoroughly researched studied and business models created. So its not just an idea. Its an idea taken to the proper levels to validate the idea, give it merit and prove that it's a marketable and profitable idea.

As far as five figures. I have done well over 6 figures now off my very first marketing venture and a few of these projects are just capitalizing on what I have already started and worked on 12-15 hours a day for a year. So, I bring a year of labor, proven and 100% verifiable income and strong business models to capitalize on an already successful business. Do I need to post pictures of me with my checks, post screen shots, pics of me in my BMW and million dollar home to make a name for myself? Or do I have to kiss all the industry voices asses to do that?

Ideas are about a dime a dozen.

Implementing them is where the test and the money is.

So why not focus on building ONE idea, making a decent five figures from it, taking something out and using it to build up your second idea, then rinse and repeat for the third.

You avoid having partnerships and joint efforts (and eventually those turn into arguments about money...).

On the other hand, if you've already run a number of successful projects, then your name and rep itself will already have value and you can do tie-ups where they use your name, you get a cut of profits and you don't put any money down....

 

[Blastyourass]

Thanks for your 2 cents man. I really appreciate everyone here.

People will always talk smack because I'm not your typical kiss ass say what you want to hear kind of guy. However if anyone really knew me, they would know that I am the most loyal, trustworthy person they will ever meet. The people who work well with me, respect my honesty and individuality.

And in case a lot of people did not know, most of what I write and say is just for the fucken fun of it. To mess around, screw with peeps and just make my day a little more enjoyable. As you can see there are 2 sides to me. The serious and the fuck off. I know when to show which face most of the time

As far as the project is concerned and I addressed that to Andrew Wee, it's a proven concept that made me over $100k my first year and its just branching off of a proven money maker that has so much more potential then then a 100k a year profit I made.

In my posts and writing I am trying to show more of my professional side so people understand that I am a smart guy who just likes to say fuck and screw around. If you can see past that, look at my posts and how many times I try to help when I can, you'll see that I am a good guy. If you can see past my fucking around, you see that 90% of my words I write make sense.

As far as people and what they think of me. Thats a tough one man. I think if that someone cant see past my curse words and screwing around and really get to know me, then thats someone I dont want to work with anyway and people will always talk smack, Shit Smaxor, I invite them to. It's fun.

At least I'm doing something right in my business. I'm sitting in a miilion dollar home in the hills with a pool and view, I work for myself, a beautiful family and new baby, a thriving business and I can sit here on my laptop and say fuck all day and it will not effect my income .00001%.

Smaxor should I continue being me for the sake of thats who I am or should I be who people want me to be so I'm taken seriously? I think that as time goes by, as you mentioned, people are seeing a more serious side.

Thanks everyone. I reall fucken apprecaite it!

I'll throw in my 2 cents on this one. As I work with partners. And the most important thing is what do you bring to the table? The programmer is going to be doing all the work pretty much so you better have something that's pretty damn unbelievable for them to want to spend all their time coding for you. The people I work with I've proven multiple times my ideas work and I have the relationships to get what's needed to make them work. If you need 1k private proxies do you know where to get that? If you need to throw 20k into a project do you have the money to do that?

One thing that I feel makes my partnerships work is that I know how to code and I'm willing to learn whatever I need to, to make a project work. So I know how to communicate with my programmers/partners in a language that they know. Another thing I bring to the table is that I have a lot of relationships in this business so if we get stuck on a project I have a lot of close friends I can specifically ask to try and get us unstuck.

One thing you might consider getting these ideas and testing them on a decent scale. If you prove they work and can show what potential they have, and the exact peices that need to be created to get it to that level, you might have something.

Again a partnership is founded on trust and relationship and I'll be 100% honest with you. What you've displayed on this forum in a lot of your posts would make most level headed smart programmers VERY leary about working with you. I know you're trying to clean up your act and I commend you for that. But people talk a LOT of shit about you. Work on giving back and being someone who is trustworthy and you might get somewhere.

Honestly ask yourself, in a self realization way "If I was a great coder would I partner with me? And if so why or why not?" If the answer is what I think it will be ask yourself "What can I do to become the person someone would want to partner with?"