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Old 03-20-2008, 03:44 AM   #1 (permalink)
GrAveTzT
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How to make a partnership secure. A free post-guide by me!!!

INTRODUCTION.

For years people have jumped into a partnership. You want to work with a team, becuase its more profitable and gives you a better change to become part of something huge and profitable. But its so FREAKIN unsecure. As for myself I remember talking to over 50 people because I was interested to start an online business together. I chickened out everytime. Sometimes it was because the person rubbed me the wrong way, sometimes it was becuase I thought they seem too smart to be honest, and other times I just felt a feeling of general "RISK" that stopped me.
Trust is the main problem with partnerships these days. You feel like it may be a little dangerous to pour your skills on something that could be destroyed by the other dude. For years Webmasters have been trying to find a team or wished they could find a secure way to do it.

The truth is there is a secure way. A lot of this is a little mind control over yourself and the other part is a professional contract that will leave no surprises. Not a contract of rules, but a contract of method on how the partnership will go. This is stop surprises involved.

Please be advised that a 3 to 6 person partnership is far more secure than a 2 person venture. It’s hard to explain why now, but you’ll understand once the topic is finished.


FEAR NOT THAT YOU ARE NOT IN FULL CONTROL.

Facts for a team of you and one other dude/girl.
If you are investing time and skills, and not money, then you have nothing to worry about because if they have control of the profits and refuse to pay your share they will be kicking themselves in the nuts/box because your work and efforts will be gone. If you truly are worth 50% then they basically just blew away the chance of something good. The person with the most skills should never have access to profits. The lesser person should control the cash. If you and your partner are getting a profit increase every month then your partner should be shot and arresting for being stupid if he/she actually ditches you. Heck, he/she just blew something great. This is very unlikely. I realize that greed comes into effect of everyone, but common sense will overwhelm the other party. For the most part, people enjoy the fact that they have support from another. Don’t forget that chances are you both are in the same boat and are thinking the same thing. After a month or two you both will know if it’s going to work out. This is why you shouldn’t rush into things.

If you guys/girls are not making a good profit and the partner bails don’t even think it is because partnerships don’t work. It’s because the IDEA and website plan didn’t work out. Its best that one of you closed the deal before it got expensive.


If you are involving your money then you need to get a secure contract in order. I know you are thing "oh, a sheet of paper won't do anything", but it will. In this sheet of paper you add as much information that is possible so that there won't be any surprised with you and your partner.


SECURITY. YOU GOTTA HAVE IT.

Everyone worries about this. It’s the main force that is stopping people from joining a team to get something going. I can relate because I don’t trust too many people. There is a solution that will bring this risk down big-time. Please understand that just because you can’t get to the other partners house and burn it down, it doesn’t mean that it has to be risky. Near the end of this topic I will be mentioning a solid fool proof contract.


LITTLE THINGS THAT WILL HELP THE TRUST.

If you are going to be starting out a website then make it fair. Divide the adminship so that it takes two for the site to work out and if one person leaves then it’s done. Not many will want to just walk away from something good. Basically if one of you turns sour then it'll mean you both will pay the price of a wrecked site which is ok because that’s the way it’s supposed to be. “All together or not at all”.
How to do this?


YOU NEED TO SCATTER THE RIGHTS/ACCESS/PERMISSIONS.

-One person has the domain only, and the other person has submitted the url to google, and can remove it from the search engine.
-One person has hosting rights only
-One person with the admin control
-One person with FTP rights.
-One person has got adsense, the other CJ.com(or something like that)

as you can see there are holes here. The person could walk with the pr7 domain and the other just has a site. The person would be a moron because a site with a pr 7 defiantly would be pulling in the money and the rank will going down quick on whatever the dude puts on there. This isn’t a perfect plan but it one of many things you can do break the absolute trust thing. It also splits a lot of efforts and makes you and the other dude(s) feel like you’re a special part of the partnership. You both will know that it's not worth taking out the other because their will be a loss if you guys split up.



HOW TO BUILD A TEAM PARTNERSHIP.

Please pay attention because this is a very aggressive, but amazing contract setup to secure an honest and perfectly functional group or partners. It’s a little tricky but worth the effort because you all can follow this business plan for years.
As an Example: Let’s say that you are in 4 person partnership and each of you put in $200. (=$800)


1. In the beginning all 4 people must type out a resume (sort of) of their online experience.
Page 1: The person must type out their name, mailing address, city, postal code, I photo pasted of their Drivers License, and any proof possible to show that they are who they say they are. Putting a Birth Certificate, Registration, HealthCard, etc would help to prove it as well. (If the person won’t disclose this information than obviously they aren’t ready to be a team)
Page 2: The person must type in paragraph form much as possible regarding the history of the skills they have online, how they got them, methods they go by, previous sites, etc. In other words, they will talk about their past on their computer and what they did as well as brag about tricks and skills they perform or have done before.
Page 3: In –point forum a very simple list of their skills. EXAMPLE:
-Intermediate with SQL, PHP, HTML, JAVASCRIPT, STYLE-SHEET
-Professional at Photoshop with Graphics, Gfx, Photo restoring, Photo manipulation, etc.
-Intermediate in Adsense Optimization
-Basic level at getting a higher PR
-Intermediate at link building, traffic building, and other thing regarding SEO
-Basic Website at analysis of website stats
-Professional Forum member (power poster)
Page 4 (optional): In the last page of this resume the person now has a chance to freely talk about the partnership. They can talk about idea’s they would like to mention about it, or/and talk about how they are feeling about it, and how much time and effort they want to put in it. Also they get a chance to talk about what they hope out of the others. It does not need to be a big huge professional write up. It should be something like a personal journal entry.

You get the point now. After this each of you get a copy of this and now you know a heck of a lot about the other guys. You know what they are probably going to do to promote the adventure you guys are about to partake in. Also you have the chance to see if something just isn’t right about someone and can consider if it is going to be a problem and back out before it’s too late.


THE PERFECT PARTNERSHIP IS ONE WHERE YOU CAN BE KICKED OUT OF.

If this partnership is going to work then you need to be able to kick each other out of the partnership. SERIOUSLY, I’m not kidding. If you don’t have this with a contract then there WILL be problems. This is a very professional contract which was originally created by me. It has yet to be known to be used, but I’m sure it’s perfect. It was originally designed for a Transport trailer company I was working with which has 8 investors, but the company had a major problem with the hitches coming loose. There was a major recall, people got sued, someone died, the company tanked, and I took off with a percentage. Anyway, I’m going out of topic now. Back to this perfect plan for a team of 4.


IN THE CONTRACT.

-There will be Semi-weekly, weekly, or monthly meeting with all members of the partnership. This will be agreed upon before launch of the online business. The purpose of the meetings is for general peer-to-peer talking, discussing the present and future plans of the site, profit releasing and or anything that goes with it. It’s also useful for when its payday. The person in charge of the paying can offer screenshots of the profit and confirm when people will receive it, etc. It is very important that there is sets dates to the meetings. Having meetings like this will increase your chances of success by a 60%. This is a proven statistic for major manufacturing companies as well as corporations owned by several parties/shareholders/investors.

-All investments must all be absolutely even and must be agreed upon “before” a launch of the online business. If someone wishes to put in more just for themselves then they can agree to do so before the launch but still on money cannot be used against the others as a “more of a share holder”. The reason for this is it gets complicated because profits would have to be calculated before given out.
-If someone happens to buy s banner spot, advertising or anything else for the site by themselves without asking then it is considered a donation. This person cannot use it against the others later. This is considered not a good way to do things either. All things should be discussed in the meetings before. That person should ask if it’s ok first to break the risk of a bad decision.

-A partner does reserve the right to sue if this contract has been breached. This should be written in the contract to avoid a situation were one person tries to “OUT FOX” the team without any risk of consequences.

-IF an NDA is necessary then be sure to have this enclosed with the contract. NDA means “Non-Discloser-agreement”. This is a legal agreement where all parties agree to not mention details of the business or direct details of the partnership to people outside of the partnership. A NDA is very secure for making sure that the sites’ secrets are hidden. If you can prove that someone in the partnership has been revealing information outside then you could take it to any lawyer, then BAM, Its Bad news for them. (They should’ve have signed it, if they weren’t going to follow it.

Continued..........
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