mfitzgerald, as others have said, there is never a guarantee of sales. If you make no money at all, with your efforts be worth it?
If the company is successful, how much you think is fair can only be decided by the two of you, yet, if you make sure that going into the project you get what you need without getting a single cent back for your time and effort, you are more likely to be happy getting what you want when and if you do get it.
Does that make sense?
For example, you are are saying this is a way to get your internship done. OK, that is one benefit to you. If that is all that happens and the company folds because it is poorly run, or the economy won`t support it, or whatever, will you still be happy with the time you spent?
If you only get 5%, and the company grows to $8million/year, is that enough, when $0 was enough before?
You see the difficulty here?
I suggest a really quick read of "Sway: The Irrisistable Pull of Irrational Behaviors." It`s not a business book, per se, but one of the chapters specifically discusses the different ways of looking at fairness, and may help you with your thought process.
Good luck!
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We agree on everything but this point is more complicated because we have no experience on what is done out there normally.
Miles, I still don`t think it`s all that complicated, if you have a good lawyer. A good lawyer can tell you what others have done in similar circumstances, and guide you in the right direction. While it may seem complicated to you, your situation is hardly unique.
David Jackson
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Powerful, Free Marketing Tips to Help Grow Your Business!
Free-Marketing-Tips-Blog.com Follow me on Twitter @FreeMarkTips
thank you all for your answers let me look into all that and maybe i will come back with more questions.
Great help
There`s not much more that can really be concluded that hasn`t been answered by the others but more so by yourself.
- The company is so small it doesn`t have any money to pay for your services
- You have thought about some initial deal, 20 % of yearly sales for one year after you leave but that didn`t sound very good and thought, "I was thinking something like if i manage to get the website xxxxx amount of sales then gradually i get part of the business"
Here`s some things you should really consider...you`ve already decided to do the work, so be happy with getting anything from a startup. Despite the amount of work, you know that the company doesn`t have much money and isn`t guaranteed to make any certain amount..so find some percentage (if that`s what you`re after) and if you make it great, if you don`t then be happy with what you do make. Since you`re not setting a price, as in a normal design scenario, then you shouldn`t really think of terms of trying to make X amount for your work. What if the company fails? How much are you getting paid then...Nothing. So what if you wind up doing all this work and the company makes $0, you`ve already decided you`re going to develop and maintain the site, again be happy with getting anything out of the deal (also read my suggestion at the bottom when business partnering with family...if it fails, there`s more than money that you`re risking).
It is not within the norm for a webdesigner to ask for shares or a percentage of the company once they are finished with the project. Someone is going to have to do the work after you leave, why should a company continue to pay you and have to pay someone else for updates, changes or redesign?
I don`t charge enormous amounts for my websites, I stay busy and keep my bills paid, sometimes it`s best just to make what you can. Especially in your situation with this project I`d consider getting anything better than nothing.
Lastly, and just a side note, something that has been said time and time again in life...friends and family should not become business partners. You`ll need to decide as the verdict is mixed but in my experiences, not a good idea. When family and friends are faced with a failed business, emotions tend to take over and relationships have a tendency to get ruined.
Lastly, and just a side note, something that has been said time and time again in life...friends and family should not become business partners. You`ll need to decide as the verdict is mixed but in my experiences, not a good idea. When family and friends are faced with a failed business, emotions tend to take over and relationships have a tendency to get ruined.
Just a side note, something that has been said time and time again in life...friends and family should not become business partners. You`ll need to decide as the verdict is mixed but in my experiences, not a good idea. When family and friends are faced with a failed business, emotions tend to take over and relationships have a tendency to get ruined.
I agree. In fact, I started a thread regarding this very topic. You can read it here.
David Jackson
-------------------------
Powerful, Free Marketing Tips to Help Grow Your Business!
Free-Marketing-Tips-Blog.com Follow me on Twitter @FreeMarkTips
I`d suggest reading David`s thread as well. There are some great examples of success but also some words of advice (David, I posted my thoughts on there as well).
Whatever you decide Miles, think clearly and realistically, when considering your pay on this venture.
Best wishes and luck!
I`d suggest reading David`s thread as well. There are some great examples of success but also some words of advice (David, I posted my thoughts on there as well).
I read it and responded, thanks!
David Jackson
-------------------------
Powerful, Free Marketing Tips to Help Grow Your Business!
Free-Marketing-Tips-Blog.com Follow me on Twitter @FreeMarkTips
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