Pay for Performance

Pay for Performance (Full Version)

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rgoetz -> Pay for Performance (5/13/2004 14:08:48)
Hello everyone, I have a new client who wants to pay me a percentage of profits to maintain the site. I have looked everywhere for information on rates, whether that is a good idea, etc. Is anyone doing this? What percentage do you charge? And is it worth it? Thanks! [image]local://upfiles/11344/B40921BB2B904FDCAC23DD168EC9361B.jpg[/image]

captrich@ptd.net -> RE: Pay for Performance (5/13/2004 16:46:58)
Not unless they want to make me a partner [;)]

dpf -> RE: Pay for Performance (5/13/2004 21:25:20)
quote: What percentage do you charge? And is it worth it? talk about everything being relative.....lets see, if the company is Microsoft, GM or Berkshire Hathaway ,then a % of profits is a great deal. seriously though that is a strange offer and one you shouldnt touch without some info...what are their profits? You need to know that before you can make an informed decision. Fact of the matter is this - if they have good profits, they arent going to offer you a share. Sounds like they dont have any cash and want you to participate in speculating on their future success. More importantly, whatever you do, get "maintain their site" well defined! Personally, I only maintain sites on an hourly rate ..although if Warren Buffet wants me..............................

dpf -> RE: Pay for Performance (5/13/2004 21:29:20)
quote: Pay for Performance is that a Freudian slip or did they use that expression? I think they are saying to you, If the site performs and gets us new business AND we are smart enough to make a profit with it, we will pay you. Personally, i want to be paid for my performance - not the sites. I have done sites for new businesses that I knew would fail. How did I know? dumb business models. Their site didnt "perform" becasue no one wanted the product or service they were offering but I "performed" when I built it and got paid! Thats my story and Im sticking to it.

rgoetz -> RE: Pay for Performance (5/13/2004 21:56:55)
"Fact of the matter is this - if they have good profits, they aren't going to offer you a share. Sounds like they dont have any cash and want you to participate in speculating on their future success." You got that right. It was the second time I was approached with this. My first inclination was to say no. And now with your input, my final inclination is to say no. Thanks for your input! Rhonda

dpf -> RE: Pay for Performance (5/14/2004 9:06:00)
your welcome..i lurked in this site for a couple years before joining and only got involved recently - best thing ive done in awhile (aside from the excellent batch of ale I just made). think about joining!

BobbyDouglas -> RE: Pay for Performance (5/14/2004 14:49:39)
I had someone who wanted me to create a $2500 site and he was going to pay me once he got big. He is going to school but is in a band on the side. Has absolutely nothing, so I had to say no. I could have made the biggest mistake of my life and he might become big and have millions. There isjust too much risk in this. I don't think that it is a good idea. It also depends on what you have to do to maintain it. How many hours are you putting into it each month? Are you doing any advertising for them? Do you have to send monthly reports? How much revenue will they make in their first month, 3rd month, 6 month, first year, ect.?

dpf -> RE: Pay for Performance (5/14/2004 15:19:37)
quote: I could have made the biggest mistake of my life and he might become big and have millions. like one of my daughters classmates- maybe you heard of him - LeBron James - I should have registered his name when he was in 8th grade..lol

BobbyDouglas -> RE: Pay for Performance (5/14/2004 15:51:18)
Hahahaha. [:D]

Mojo -> RE: Pay for Performance (5/14/2004 16:01:42)
quote: I should have registered his name when he was in 8th grade You would lose it in a domain dispute anyhow... so you actually saved money by not purchasing it [:)]

dpf -> RE: Pay for Performance (5/14/2004 16:14:27)
quote: You would lose it in a domain dispute anyhow maybe..but maybe not - one of my beer drinking attorney buddies and I were discussing it when he was a sophomore (already too late). Had we registered lebronjames.com and USED it as a fan site, we could have made powerful arguments - and probably sufficient to get a cash settlement..lol anyway, I really wouldnt have done it tho -

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