3 ms·
Suggestion: Rethink the "co-founder" concept. This implies equity of some sort in your company. And I doubt you are really prepared to deal with all that this
by jqpabc123 3y ago
Suggestion: Rethink the "co-founder" concept.
This implies equity of some sort in your company. And I doubt you are really prepared to deal with all that this implies unless you know the "co-founder" really, really well --- and even then it can be dicey.
Instead, look and advertise for people seeking "business opportunities". Start by offering a $0 startup to others looking to start their own business built around a product they will source from you.
These other individuals/"partners" will be responsible for setting up their own company, doing their own marketing and billing and first line support.
Establish a clean line of separation by charging these partners a fixed "wholesale" rate and providing them with an "opportunity" to make money by re-selling/marketing your product. They will have total control over their own destiny as you will have over yours. The more they sell, the more they make --- and the more you will make.
Once you have "successful" partners, you can leverage that "success" to actually start charging others a significant upfront fee to become part of this successful enterprise.
The key to making money is offering others the opportunity to do the same.
- egesabanci 3y agoGreat insights, thanks alot.
- jqpabc123 3y agoMay I ask, what business segment is your product targeted toward?
- egesabanci 3y agoSure. I asked the question based on my past experiences, I don't have a project that I am actively working on at the moment, but I have a few ideas that I am in the planning stage and waiting for the right moment. At this point I organize my ideas according to my own skills and technical development load. I have pure R&D projects that require technically intensive development. I have a few other ideas in the field of financial technologies (the company I currently work for also works in this field, so I have experience and ideas in fintech) that I am still in the planning stage. In addition to these, I have a software studio in 50/50 partnership with a close software developer friend of mine, where we develop in-house mobile apps. Occasionally we take outsourced work from different companies. We don't have an established strategy here for now, but this is something to think about. By the way, you can find my e-mail address in my profile. Can you send me an email to stay in touch? I would love to exchange ideas
- mjthrowaway1 3y agoWhat’s one example of this working in the last 10 years? This sounds like the equivalent of “get rich dropshipping”.
- fxtentacle 3y agoIt works great for the people selling "get rich dropshipping" courses?