Tip of the Day
Thursday, December 11th, 2008Affiliate Marketing for Beginners -So you want a partner?
When I took a day course at the Small Business Administration on how to start a business, one of the points the instructor made was very clear. He wrote on the white board: Partnerships-They Don’t Last!
He made it very clear that if you beat the odds and got beyond the first year of business, you would not last long if a partner were in the mix.
What to do you ask, if you go in with a partner?
PLAN YOUR SEPERATION BEFORE YOU START YOUR INTERNET MARKETING BUSINESS.
That’s right. An affiliate marketing partnership is like any relationship. It is a part of the human condition. So get a good lawyer and draw up a separation agreement. You are going to have to set up the partnership legally anyway, so plan for the worst and you will avoid the potential for an ugly mess later.
That’s what I did. My partner and I had a very smart lawyer who thought it out and had us sign a separation agreement.
We are no longer partners in business. But we remain life long friends.
May your travels be prosperous.
