Possible joint venture opportunity

[domainseller200]

I am looking for someone to get involved in a joint venture with one of my websites

http://www.digitalcameras.org.uk

If you check out the exact match for digital cameras it is 1.83 Million exact a month (yes that is exact match) and somewhat higher in October / November / December

There is a 6 month old website on it (custom coded)

The person I am looking for would have to :

1. Be able to work with the site technically - ie sort feeds and look after the website in general

2. Understand SEO and get stuck into linkbuilding

3. Be motivated to get it moving and making money

4. Be willing to spend time on it to make it work

I am happy to do a 50/50 split with the right person, and they would be able to keep control of the affiliate accounts and pay me 50% of the earned revenue, once they have been paid.

The domain would have an agreed value before hand, and once the website had earnt an agreed amount in profit, then the person in the JV would have 50% ownership of the domain also - obviously in relation for any future sale of the website / domain name etc

I have been offered low-mid £x,xxx for the name / site in recent months, and haven't been bothered about selling it due to the huge opportunity it presents (1.8m exact searches on one of the most popular electrical products and ranging from £30 - £1000), however I would sell it for the right price if a suitable partner cannot be found.

The reason for me looking for a JV ? As many people on here already know, I am involved on a number of large projects already, and already spread too thin so therefore would prefer to give away 50% in return for someone getting stuck in, leaving me to have a hands off position with the website

Any questions, make any offers, or if you would like me to consider you then feel free to PM or email me [email protected] I will even consider a swap for a prime generic name if it fits in with my future plans

Thanks

 

[GreyWing]

Don't just give away 50% mate, you need to contract inm some minimum service results.

For example 50% will be given in profits, but 50% of the domain will only be handed over after a year of say £3k turnover.

Otherwise what happens is that you do a 50% rev share with someone and they sit on their backside for a year and still own 50% of the name.

It does happen.

 

[domainseller200]

Thanks for saying Graeme - thats exactly what I meant tbh

50% revenue, then 50% domain ownership once a certain profit has been reached - will amend my first post now

 

[Retired_member41]

You would have to have a penalty clause in their also.

You can monitor their work by using, and I hate this term, kpi's.

But what happens if you decide to sell or take it over yourself?

To quantify the amount of work that has gone into developing a domain in the way you wish, is worth more than the sale price you have been offered.

So a non starter in my opinion.

Only way is to sell, or hand over 50% ownership immediately, otherwise, the devloper will not give it the work it deserves, or decide to develop same product allbeit with a lesser domain.

I guess you could always enter into a 3 year agreement, whereby you require 500 in 6 months, then another 1500 at month 12, 3k at month 24 and 5k at month 36, at which point you relinquish ownership in full. Getting 10k for it.

At least this way you get a committed individual and regular payments, if the payments are missed you keep all monies and retain ownership.

I reckon this way is a great way to sell a domain??

 

[JMOT]

LMAO Franks not looking to sell it!

 

[domainseller200]

Only way is to sell, or hand over 50% ownership immediately, otherwise, the devloper will not give it the work it deserves, or decide to develop same product allbeit with a lesser domain.

2 sides of the coin here - if the developer is given 50% of something which has already had a £5k offer on it (and already has decent value in the domain in an open market), then they get £2,500 without even touching the site in anyway.

Plus it is a definate starter, as I already do this on some of my other domains with no problems at all, and I know quite a few who do similar

It provides a way for someone with not much money to get involved with something which wouldn't usually be within their reach

People on here that know me, will tell you that I am more than fair, and very laidback and easy to get on with in business, and also have enough other business interests / websites to keep me from even wanting a "quick" sale, regardless of how much work has been put in (JMOT has already clarified this I think)

I have to protect my own postion, as well as remaining fair in my offer - 50% of a domain which is already attracting mid £x,xxx offers, along with a fully developed website in return for spending time on something, is a pretty good deal which ever way you look at it.

I am not looking to give it away, but I am looking for a win win situation for both parties, and it was merely offered on here to see what interest it would attract - 3 potential partners already, which I will contact shortly

 

[Retired_member41]

LMAO Franks not looking to sell it!

Have you finished laughing yet? Or does your A have lots left to laugh off

Anyway, I see that, thanks, although I only mentioned selling it for 10k, as it was more than double what had been previously offered, not a bad increase.

I still say it wont happen, at best you may get someone who will make it more saleable, but without any decent ownership, surely anyone who could make a success of it, would 1. seek out a more lucrative domain or 2. Earn more doing what they do already.

The time and profit equation does not add up.

Hence why i still believe you should take your time finding the right person, and then give some equity in the domain up. Its how normal business works isnt it( well on dragons den) so why not with domains?

 

[DomainManagement]

Hi Paul since i own 50% of a good seo company

must admit its not my main business

page 1 pos 1 keyword ppc company and many more page 1 positions


Lets start have some fun and make some money

 

[DomainManagement]

hi caz my names steve and from middleton just thought i would say hi

 

[awgthomas]

If only I had more time

 

[davedevelopment]

If only I had more time

I feel the same, except I'd need more skill to go with my new found time

Great opportunity for someone, keep an eye out for me in a couple of years Frank, all going to plan I might be of some use to you

 

[julian]

i'd only do it if the domain was put in a ltd company with a 50% ownership.

..and then you give me at least 1.5k upfront to start thinking about sorting it out in serps

"I only offer the most ethical pink hat seo"

 

[domainseller200]

I still say it wont happen

Well that is where you are wrong, as I have 6 solid offers so far, and I already work this way on some of my other websites / domain names which work just fine on the same terms I have asked for with this offer.

but without any decent ownership

But there is decent ownership, I am just not willing to give someone 50% of the asset from the word go, for them to sit on their bum and do nothing (this is called protecting my asset against worst case scenario) - if the person is not going to sit on their bum, and actually got it moving, then obviously they will reach the agreed figure and own 50% of the asset forever also, so no problems there.

Plus the 50% ownership is a goal to aim for, so the person is willing and motivated to put in the effort to achieve what they want - give someone something for free, and it will achieve nothing, as they have invested nothing into it - trust me I have first hand experience of this, and it also makes perfect sense

The domain has already had decent offers, without the website and content and time that has already been invested into it, so why should I give someone 50% of all this for just agreeing to work on it, without proving they are happy to get stuck in ?

Like I said, the figure would be agreed before hand and nothing would move forward until both parties were 100% happy and comfortable with the agreement.

surely anyone who could make a success of it, would 1. seek out a more lucrative domain

Someone looking to go after a more lucrative domain than 1.8m exact match, the best exact match keyword domain for the industry (the .co.uk isn't likely to be developed any time soon), a fully functioning and aged website is going to have to spend £1000's upfront, and that is a fact that anyone who understands business can see.

There are plenty of people out there who have the skills, but either a). don't have the money to invest in something OR b). don't want to take the risk with both time AND money to invest into something themselves

This presents a 100% risk free strategy which they can fit around whatever they are doing anyway.

Hence why i still believe you should take your time finding the right person, and then give some equity in the domain up. Its how normal business works isnt it( well on dragons den) so why not with domains?

No this isn't how normal businesses work is it ? on Dragons den they ask for large sums of money for a percentage share in the business - I am asking for £0 for a 50% share of the business AND 50% of the asset once they have proven they are willing to get involved.

Nothing in life is free, however this opportunity gives someone a huge chance to get involved and work with something they would never usually have the chance to do.

With all due respect Caroline, I am not quite sure you understand the basic elements of trying to make business successful. I read your "need a catch script ?" thread with great enjoyment and thought what you were doing was a great idea and a very non selfish thing to do.

I now think that after your comments in this thread, you may be better oof running a charity based business, as they also run on a "not for profit" basis.

This isn't meant as a dig in the slightest, just an observation on your previous comments and some of the comments in this thread.

If it works for you, then by all means don't change it - but it won't work for me.

 

[mojoco]

I have a decent portfolio and very limited tech skills.

As a result I have partnered with individuals and or companies who have the right skill sets do develop a domain(s) in exchange for a share of the revenue produced and a share of the asset.
It can work very well.

While it makes sense to agree clear terms and choose your potential partner wisely, in my experience to much time can be spent crossing the t’s and dotting the i’s than grasping the opportunity and getting on with the project.

Giving your JV partner their share in the asset in advance is risky. It is important to put certain milestones in place before the other party gains their share of the domain asset. In the event that they do not perform you have may lost half of your domain!

I have had long and protracted agreements going back and forth before finally agreeing heads of terms in an attempt to cover every eventuality. In these instances generally speaking the deal has born little fruit.

Whereas when the agreement has been pretty much on a handshake with a large element of trust they have usually worked very well for both parties. I am always fair with the other party and have on more than one occasion given a larger percentage to the other party than they had anticipated.

Joint ventures have to be built on a win-win and trust basis to make any real progress.