I have had experience entering stranger-joint ventures with virtual contracts. I started selling on eBay as a joint-venture first, I was supplying the products and someone I knew online for not more than a week - was selling them on his eBay account. We generated about $5000 in the first month in sales and we didn't have any problems with trust whatsoever.
Joint venturing with online partners might be a little tough on you, but if you know the person offline it shouldn't be a problem.
I have had a very bad experience in a joint venture in past though, entered into a joint venture building up a MMPORG game, I was supposed to be the 50% partner. The game generated $20k+ in 3months and I got $1k or $2k before I got cheated.
But that's 100% due to lack of experience in my early years of my online carrier.
My advice to you, just be positive about it and trust the person and expect him to trust you too, because in this type of joint ventures the element of risky is very minute, risk is brought down to almost 0 when you know a person for such a long time. Just be positive and go for the money!
Wish you best of luck |