Hi,
So I am looking for a joint venture with someone, but I am afraid that the other person will just copy my idea and steal my businnes. As the barrier of entry is low and we share the same customer base.
I want to start a workshop meeting once a week for 20 people.
Let’s assume it is a workshop for photographers (which it is not).
I then would like to make a joint venture with a camera store, where the owner would push for my photography workshops, giving me leads, and I would push for his camera store, giving him leads.
But after a while, maybe the owner of the camera store will start his own workshop and copying my bussines, and becoming my competitor instead.
You might say that the owner does not have my skills in photography nor the place to hold the workshops at, but this is not about photography as I said above, and the owner would rent a place for the workshops, just as I would do. So the barrier to entry is low, just like working at McDonadls (well almost). I would not hold the workshops myself either as I do not consider myself as suitable, but it should be easy to find someone that could. Whereas the barrier of entry for his camera store business is higher.
This makes me to not approach anyone to make a joint venture with. So now I have but a few leads, which is not enought. One big plus with joint venturing with someone would by that the ”camera store owner” would provide with content to my website, giving my better creadibility, better content, and better SEO ranking.
Penny for your thoughts
So I am looking for a joint venture with someone, but I am afraid that the other person will just copy my idea and steal my businnes. As the barrier of entry is low and we share the same customer base.
I want to start a workshop meeting once a week for 20 people.
Let’s assume it is a workshop for photographers (which it is not).
I then would like to make a joint venture with a camera store, where the owner would push for my photography workshops, giving me leads, and I would push for his camera store, giving him leads.
But after a while, maybe the owner of the camera store will start his own workshop and copying my bussines, and becoming my competitor instead.
You might say that the owner does not have my skills in photography nor the place to hold the workshops at, but this is not about photography as I said above, and the owner would rent a place for the workshops, just as I would do. So the barrier to entry is low, just like working at McDonadls (well almost). I would not hold the workshops myself either as I do not consider myself as suitable, but it should be easy to find someone that could. Whereas the barrier of entry for his camera store business is higher.
This makes me to not approach anyone to make a joint venture with. So now I have but a few leads, which is not enought. One big plus with joint venturing with someone would by that the ”camera store owner” would provide with content to my website, giving my better creadibility, better content, and better SEO ranking.
Penny for your thoughts
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.