profit sharing? how to?
Out of context: Reply #9
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- shockalot0
First off, I would say don't cut rates or barter for something you don't believe has potential. That is just a waste of time. I'm not sure why you are so set on "profit sharing". Without knowing the type of business it's hard to say but my experience in the internet game that there is no profit to be shared. Your best off taking the value of your "full rate" in shares, but again, only if you believe this can be a successful venture. Consider also who you are working with. Do these people have the expertise, experience, skill sets and most importantly the network to make it work? After all that considered if you still want to be a part of the project, barter for shares at your full rate and get it in the form of a legal contract. You will have a higher return on a venture that gets bought or funded than you will ever have on profit sharing. Either way, like mikotondra3 said...it's a crapshoot so knowledge is king.