| 10:56 pm on Oct 31, 2003 (gmt 0)|
So you've designed a site for a particular manufacturer, and they don't know about it, but you're going to propose to them they should have it? I don't fully understand your first sentence.
If you describe your goal for me I can prolly pull something out of my assfiles.. I have a lot of stuff written up from previous ventures.
| 11:02 pm on Oct 31, 2003 (gmt 0)|
We did marketing for the manufacturer. We get 20% of the sales from the site and retain ownership. We want to sell the site to them entirely. And be done with it. Thanks for the help.
| 11:23 pm on Oct 31, 2003 (gmt 0)|
Before I go further, I have to clarify questions to weed out certain files:
1. How much are you wanting to sell it for? Do you want to give them the opportunity to pay for it all at once, or paying quarterly for percentage of ownership? (payment plan) As in right now you own the site at 100%. They would pay X amount of dollars to get 50% ownership, then X amount of dollars to get 75%, then X amount of dollars for 100% ownership sealed deal.
2. Would you still be receiving 20% profits from sales and have access to sale data if they have 100% ownership? Or would you have 5% (as example) or none at all?
3. What would be the main incentive for them to purchase at 100% ownership (aside from the fact that they would possibly keep ~20% more, or all of sales)?.
| 6:02 pm on Nov 1, 2003 (gmt 0)|
1 - about 3 years profit. When they sign the contract and give their downpayment, 100% ownership is transferred to them. We can do terms though, but they will need ownership upon consideration.
2 - Nope. Completely done with it.
3 - We did 10% of their 2003 sales since June. They are rounding up investors, who don't like the uncertainty that come with us owning such a big part of their business.
| 11:00 pm on Nov 1, 2003 (gmt 0)|
OK awesome. Narrowed it down quite well. One last q: How long have you owned and made percentage off sales? 1yr 2yrs, more?
| 10:37 pm on Nov 2, 2003 (gmt 0)|
We opened and got our first order June 2nd 2003.