Question

Topic: Strategy

Help Me Give Away Part Of My Company, Need Advice

Posted by Anonymous on 500 Points


Need advice on how to find a proper Join venture partner for our project/company .

I will go ahead & describe in as much detail as I can without giving away to much info.

I hope the community can advice me on this since it is an amazing opportunity for the right company!

About this project:

************************

An e-Commerce platform that facilitates B2B group buying

on the Web

• Virtualizes discount shopping club

– Sam’s Club

– QVC model

– Consumers collaborate to obtain lower prices

rather than bidding against each other

• Empowers consumers to make a purchase in an

individual transaction while enjoying the advantages of huge group discounts:

************************

Platform up & ready to go Live with some minor PHP coding adjustments & some Redesign .

Project went thru Public Beta surpassing our greatest expectations in just 1 month.

We exposed this platform with one single post to an industry related forum gaining

over 1000 registered users (80% buyers - 20% sellers), 122 completed group buys within 60 days in 2004.

Project was then intentionally taken off the market due to proper future forecasting of Web 2.0 technology

which will be a big factor in marketing our service.

We feel the market is more then ripe & the time has come to go live !

we are ready to offer:

30% to 49% share - partnership in this company depending on the partner.

Need advice on how to find An individual or preferably a company with ability to:

1. Provide Hosting
2. Expert in various programming skills ,PHP is a must .
3. SEO skills as well as knowledge in Web 2.0 marketing
4. Tech support , development / implementation of future apps& upgrades.
5. Company must be on the edge of current technology.

We need a company that will become our programming -web design - marketing - tech department solution.
we do not want to outsource , we need a group of computer geeks sort of speak, someone who is not a robot but a visionary.
The reason we are willing to give so much of our company away is because we had much more success in
Join Ventures then simple outsourcing especially since the appropriate company will be driven to do their best because they
will be part owners & there success will depend on our success.
Our service will have a ton of income streams starting with add revenue all the way up to commission of each successful group buy.
We are in the B2B industry , one of our successful group buys out of the 122 that we had in 2004 closed at $30,000 with an 8% commission going to us which will be split with the chosen company.This should give everyone a good idea what sort of profits we are talking about.

We understand that many more specifics are needed but we are willing to set up an interview environment situation or even a contest, please advice.
Once the company provides us with a detailed skill set we will then choose & provide all the details after a non disclosure agreement is signed for obvious reasons.
Well, I already disclosed way to much hoping that the good people of this community will point me in the right direction or who knows maybe someone reading this will be a perfect mach.

Lets give it a try ?
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RESPONSES

  • Posted by joshuacrumbaugh on Member
    Unfortunately I don't have any advise for you on this one, but I've also been searching for the right partner in a business venture I've been working on. You'll definitely see a post from me in here soon.

    There is a site you that may assist you in finding what you need.

    www.score.org This site is set up to assist entrepreneurs in finding mentors, but I'm certain that the right deal could sway some of these high level mentors to join a new venture. Also, ceospace.biz has been very beneficial to me in the past.

    Good Luck!
  • Posted on Author
    Thank you guys!

    joshuacrumbaugh,
    i will be watching out for your post on your project, if it is B2B related i am sure i can help in some way.

    *************************
    Dear NuCoPro, you sound like a great match for what i am looking for.
    I will send you an invite with my info.
    Please email me with your contact info & if possible an early morning time frame for phone conv. tomorrow between 9am-11am since we are both on EST.

    I have a very good feeling about you, knowing your background now !

    Wait till i disclose some detail's ,this solution will blow your mind.
    Lets put it this way, I have 2 other online businesses & i was just on the cover of WebWholesaler mag., they did a 6 page feature story on me & rated one of my companies as # 1 wholesaler for the month of Aug, 2007.

    I hope this will help people evaluate my project better.
    A service is only as good as the person behind it..

    I am as real as they come .This solution project was created by me, the person who is part of the industry it will serve which i believe is extremely important.

    I am not someone creating a solution for a market i do not know . There has not been one person exposed to this service that did not go crazy when i took it off the market.

    I have been waiting for 4 years holding it back because it truly needs web 2.0 in my opinion this is the time , I am soooo ready to go ....

    Again,
    Thank you guys!!
  • Posted by Jay Hamilton-Roth on Accepted
    I have some people I can refer you to. Contact me off-forum.
  • Posted on Author
    Thank you for your contribution.

    Jay, I will contact you soon.

    Rich,
    You have a good point but my business model is aimed at liquidators,manufacturers as well as smaller sellers that could even split up 100pcs between 10 buyers simply to move more stock faster.This whole solution came out of simple demand & I am one of those sellers that needs such a solution.
    The biggest complain in my niche that existed since the beginning of time is that smaller buyers can't get a good deal on the product they want because the seller needs to move the whole load or because they can't afford or do not need the whole load.
    These sellers would love to split up this load & ship to each individual as long as they move the whole amount in a set period of time. Keep in mind that because our solution will fit perfectly between these large sellers with amazing price points & small buyers who will be able to get these deals at great prices , we create a whole new layer of business people who can now go out and compete with the big boys because our solution cuts many strings that hold them from such opportunities. My model is layered to fit every pocket & aimed at a very specific niche of large distributors,manufacturers with high quantity terms & small pocket buyers that simply can't get to those people unless they group together.
    I wish I could go in to detail as far as the funding ,invoicing process because I have a perfect answer for you but I can't disclose my unique business model for obvious reasons.

    What I will say is that this solution will set up a medium where partners do not have to meet each other,sign any contracts amongst each other due to the fact that the seller has allot of invested interest in making sure that each transaction is smooth which in the end gives the buyers that special security & trust . Also, Each seller will go thru a vigorous prescreening process to be able to sell

    Where can a buyer get such a situation set up without having to trust the partner they never met.
    Don't forget that Group buying clubs will start to develop with buyers interested in the same type of product & be ready to split it up as soon as it becomes available. A wanted section will defiantly be a big factor that will indicate demand & everytime a new wanted is posted it will be emailed to all the sellers so they may immediately set up that specific group buy situation. We also already have affiliations set up with other Huge portals that hold many large sellers & when our wanted post is listed it will also go out to other sellers that are not even yet registered on our site.We have affiliations with Industry related Print advertising that will swap ads with us because our buyers will need a platform to resell those great deals they get & our affiliates provide such platforms plus have allot of interest in gaining more registered resellers because of our solution.
    As you can see I am leaving allot unanswered , otherwise it will all come together & my model will be exposed.
    Another important factor is that large wholesale networks are willing to share resources for a discount on membership or fees given to their member base. There is so much more but I do not want to give more then few examples ,I think if I keep writing I will eventually give away my unique business model.
    There are other sites that are already in beta aimed at serving the retail market where the buyer initiates the group buy , look at eswarm.This model has no potential even with today's social networking power for reasons I am sure you will understand right away.

    BY the way money could be put in to escrow & given to the seller as soon as the group buy is filled.There will be many situations set up by the sellers to give buyers security.
    Please do contact me with some examples of what you could bring to the table..



    Thank you & keep it coming.
    Robert.

  • Posted on Member
    I ran this by the partners, my company may be able to assist you in this, contact me off-forum or go to our web site. www.itrendsinc.com.
  • Posted on Author
    Thank you everyone.

    I held few meeting with very realistic future prospects out of this single post &
    hope that anyone who may still have some input will post
    since this situation / project soon to go live has a much more potential reward then points.

    There will be many areas that will need
    people like private group /forum moderators in all areas, way
    to many to list. Those moderating my soon to be exposed service website
    will be able to push their services to our community in exchange
    for their moderating areas of their interest.

    Financial, legal ,marketing positions as well all kind of IT spots will open
    up as we get closer to going live.Submit your info thru my profile so I may
    file your skill set specialties accordingly .

    I will confirm my interest in your service right away as I get your info &
    refer back to you as we get closer to going live.
    I did not want to keep such a subject open for to long
    since I feel that those who helped truly deserved 250 points each,
    no question about it!

    Again,
    Thank you !
    I am very exited about being part of this community!

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