Marketing person joined, will work entirely on a transition basis, how should we split revenues

i hired someone on revenue share too it was tough bro. started off great then they took the clients for themselves couldn't hold them because there was no contract then written contract is a must, even notarized.

rvenue sharing contract: 1- Define client ownership (e.g. 30% brought by marketer), 2- Clarify commission (e.g., 20% to marketer 5% to company from this client) 3- Keep monthly settlements in writing, 4- Make payments via transfer or check (documentation), 5- Include an annual review.

I'm curious: how will you track the clients that marketer brings in? Do you have a CRM or will you track manually? Because you need to solve the tracking issue first.

Bro the revenue sharing model works! Getting sales without paying a salary is very healthy. But a written contract is crucial otherwise things get messy later. Hire a lawyer write a contract and be done with it!

The opposite happened to me, that's why I'm writing. If it's your first time, start small; scaling comes later.

When listing, put proof that the product actually works at the very top. This is my opinion, I'm not claiming it's absolute truth.

I agree with this. The only thing separating friendship from partnership is a written contract.

A partnership without a payment schedule locks up at the first split. Good luck with that.

You're right. Processes without records never improve, because you don't know what to fix.

If you have questions, write them; I'll answer as best I can.

i'm curious too. solutions that work at a small scale collapse when you grow; I learnned this late.

i'm also curious if anyone does it differently.

I'd say don't rush. If IP assignment to the company isn't written from the start, it can't be collected later.

Solutions that work at a small scale collapse when you grow; I learned this late. Of course, it varies if your situation is different.

Let me speak from the other side; I'm on the supplier side. Most time waste accumulates in tasks waiting for approval.

Most time waste accumulates in tasks waiting for approval.

If I understood correctly, youre saying: The only thing separating friendship from partnership is a written contract.

Great work. The only thing separating friendship from partnership is a written contract.

Following.

Timely topic. If IP assignment to the company isn't written from the start, it can't be collected later.

If decision-making authority isn't defined it causes daily issues, not just during exits. Of course it varies if your situation is different.

You're right.

It's rare to find an explanation this clear. Start with a small trial; don't commit to everything at once.

If you have questions, write them; I'll answer as best I can.

Thanks, that was the answer I was looking for.