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  1. #1
    New Coder
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    Looking for a partner for a web design company (SUITABLE FOR ALL!)

    I am looking for someone to fund and help run a website design company. I will do all of the work myself, and I will not outsource anything, and I have quite a bit of experience in the field. I also have one other person willing to work for a small share of the profits for data entry only. The share I'm offering is 40% of the net profits. By this, I mean you will get 40% of whatever is left after all fees (Hosting, domains etc) have been taken out. I will need you to:

    1. Pay for the hosting. I will need something along the lines of a dedicated server, as I will need the space. I have found a couple of servers that would be suitable. It all depends on you. If you want to go for cheap and cheerful there is this one: http://www.esecuredata.com/Pricing/C...20Servers.aspx (Generation 5 Junior) ($119 monthly)(free set-up)

    If you want to go for the daddy then go for this one: http://www.hetzner.de/en/hosting/pro...ootserver/eq4/ (49€ monthly) (149€ setup)

    This second one is actually cheaper, but it doesn't have cPanel. It also has higher specs.

    2. Pay for the domains. I will need 2 domains for the site, one .com and one .co.uk

    3. Get more customers to buy from us. If we can do this, you will be essentially earning yourself money.

    I believe this is a good deal, as you will be getting 40% of a highly profitable company. If you have any skills yourself, then this is a plus, and I will give you a bit extra.

    Regards

  • #2
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    In the past twelve months how many customers have you had?

    How much money have you made in the past 12 months?

    Do your costs come count as a fee or are you paying yourself nothing and the other 60% is your fee?

  • #3
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    Hello. I have had around 60 customers in the last 12 months making me a generous £34,000. I decided to take it to the next level and start a company, hence this topic. The costs are client costs and costs such as the domains and hosting for the site, but no wages or pay of any kind for any employees is included, basically the general overheads.

    Also, the 60% will be split in three. These are not the same size, but some will be paid to the data entry guy, some to me, and most will be pumped back into the company.

    Regards.
    Last edited by webdes2010; 03-10-2010 at 11:48 PM.

  • #4
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    I'm so confused. Why would you be giving away £13,600/year to someone who is investing only $1,500/year? Why not just pay for the domains and server yourself out of your earnings?

  • #5
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    I'm doing this because at the moment, I have virtually no advertising as a freelancer, and most of my clients ask me not to use their site on my portfolio. This means I always look like I have a lot less experience than I actually do. If I have a company, I can ask all clients to sign a contract to let me use their work on their site. I can also charge a small fee to get my copyright removed. Along with this, I would want the partner to be able to generate new clients, as I am starting to run thin on my own supplies.

    Regards.

  • #6
    UE Antagonizer Fumigator's Avatar
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    My question wasn't about your desire to start a company or find a salesman , my question was why you'd give away 40% of your equity for a hundred bucks a month.

  • #7
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    Because I believe that the service I would recieve from another would allow me to hire another person to work on the coding and design, and I would end up making around £150,000 a year for all of us. I've worked out the figures and it's worth it. Plus, it gives a better offer for the person approaching the company.

    Regards.

  • #8
    Senior Coder
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    Quote Originally Posted by webdes2010 View Post
    I'm doing this because at the moment, I have virtually no advertising as a freelancer, and most of my clients ask me not to use their site on my portfolio. This means I always look like I have a lot less experience than I actually do. If I have a company, I can ask all clients to sign a contract to let me use their work on their site. I can also charge a small fee to get my copyright removed. Along with this, I would want the partner to be able to generate new clients, as I am starting to run thin on my own supplies.
    Why would getting someone else to pay for your hosting, domain names etc make any difference to your portfolio? You would still have bugger all to show until you start bringing in more work which you can add to your portfolio. Btw, the expression "running thin" pretty much means that business is drying up, and that you are unable to generate new income and/or gain new customers.


    Quote Originally Posted by webdes2010 View Post
    Because I believe that the service I would recieve from another would allow me to hire another person to work on the coding and design, and I would end up making around £150,000 a year for all of us. I've worked out the figures and it's worth it. Plus, it gives a better offer for the person approaching the company.
    If those figures are realistic, a small bank loan would allow you, (and no bank manager would refuse you around a 2 grand loan if your forecast shows a legitimate 150 grand cash flow for the following year), to purchase the hosting and domains yourself.

    I'm personally failing to see, (and most likely any business minded person will), where the legitimacy of this offer is. It's just wrong, whichever way you look at it.

  • #9
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    Ah. I never thought of using a bank loan. I will nip down on Monday to talk to my bank manager. Thanks ;P


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