Forums: Discussions for entrepreneurs and small business.

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Is that 60% for the programmer and 40% for the idea?

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Pokerman It`s not about what you can do... it`s about what you will do! Amateur Poker League Software - Drive Traffic - Add 100,000 Songs to your website - Music Catalog

Seems like you`d just hire yourself a website designer and not split the profits. Got to be careful who you allow into your business. Even if someone seems "nice enough" and able to do the job.

Dan

no 60% to the idea(me), and 40% to the programmer. I want to have the controlling interest, because after all its my idea heh.

I don`t have any problems sharing profit..And I`d rather have 2 people on the team, becasue 2 heads are better than one, and this being my first venture(of many), I don`t want to learn everything right away by myself.

...and yes hiring would be the optimal thing, but it would require a bigger investment...and I want to keep the fixed costs low. Because that way  I can wait for the site to be profitable.

You might want to post the position/opportunity in our new Marketplace, under "Available Projects," if you haven`t already (you can see what I mean here http://www.startupnation.com/marketplace/need-help/).  You could also do a search of the "Products and Services" listings to see who is a part of our Community already who provides website services.  Good luck!

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Jessica Schlick StartupNation

I posted a similar question on another forum and the general consensus was that designers/developers are not short of work these days and are unlikely to go for this sort of deal when they could be earning guaranteed cash. Also, a developer is likely to take the view that you do not believe in your concept enough to risk investing some of your own cash, and therefore wonder why he/she should invest their time.

I wish I was a developer... I would be interested in listening.

But... I am not. 

Thanks for posting though... I am confident you will find someone if your idea and planning is sound.


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Vincent Wilcox (a.k.a. KRAKR)
Drummer
My band: Letters Make Words

well to tell the truth this was going to be my 2nd project, I already have a project in process thats somewhat similiar, but on a grander scale. So I think I`ll run this by my current guy, see if he wants first dibs

What is it?

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Roman Pohancenik, Geesee, Ltd. - Online communication the way it should be.

I wouldn`t mind knowing more.... but i`m just guessing that there are about 20 million people out there with great ideas for websites but no technical talent.

A requirements document of some sort would be beneficial so a prospective programmer might get an idea of how much time they`d have to invest.  You don`t have to be specific about the idea just the architecture that the idea would require... and what`s the potential rate of return.  How are you going to market said idea? How is the site monetized? Will this be an LLC?

You have stated:

"I want to keep the fixed costs low. Because that way  I can wait for the site to be profitable."

Programmers need to eat too you know.... it`s easy for the guy that invests nothing more than an "idea" to wait.... he`s invested only a little inspiration.  The programmer on the other hand has some real opportunity costs to deal with.  (S)He can actually be earning a profit off of their labor working with someone that has enough faith in their "idea" to invest a little cash up front.

80% of all new businesses fail... so who`d be taking the biggest risk pursuing YOUR idea.... you or the programmer.  And if you really think that the only thing neccessary for a successful website is the idea (I wouldn`t let the programmers know this is how you feel)... I doubt you find many willing to help unless there`s cash up front.

Just my opinion mind you.  Worth about 2 cents on the open market.

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Pokerman It`s not about what you can do... it`s about what you will do! Amateur Poker League Software - Drive Traffic - Add 100,000 Songs to your website - Music Catalog