If you're hiring someone, something like a 50/50 or 60/40 works. He maybe doing 90% of the work, but without you providing the capital, both of you would have NOTHING. If you pay all the costs, that more than evens out him doing 90% of the work.
If you're looking for someone to put money into ita nd split the costs, you're not hiring someone. You're looking for a partner. Things will be alot different and it'll probably be more of 90/10 split.
If for any reason you later sell your paysite: If he's a hire, "thanks for your services, but I'm selling the business". If he's a partner, he can control whether or not he wants to sell or be prepared to split the sale price.
Quote:
Originally Posted by Barefootsies
I was looking for something similar a month or so back. Most people who contacted me wanted a base salary AND percentage of profits. When I said it would be performanced based, since I do not know most of these people and their 'claims' from the next person. They refused.
Almost no one wants to work for performance based package. Even on successful site(s) or network. They want GUARANTEED money. Like a base and percentage of all profits. I said, one or the others. Not both.
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Hate to hijack the thread, but Barefootsies - are you still looking?