newstart

I think you're right. Based on your opinion and the others here, I starting to think structuring it will be more hassle and cost (time and money) than it will be worth.

Might consider just a billable rate to get some cash reserves and build the relationship, but may just pass and cite bad timing. Thanks for your input!

Great point. The last thing I need is payment that requires legal action.

Thanks for the insights, will have a look at affiliate programs to see what types of safeguards are built in. Thanks!

Great ideas, thanks!

That's why I was suggesting a sort of penalty clause like "you must sell x units or you owe (large dollar figure here) by this date."

This would force them to have some skin in the game, no?

Thanks Flemlord,

So they are using my standard product services already, but would like me to develop this for them as sort of a joint-venture since they trust my expertise in this area.

The idea isn't better or worse, it's related but it's custom. So I can't scrap my startup for this product - it's very much a unique design that only will work for them and their clients. No reselling opportunity but possible money while I build my business.

I'm considering working on it because during these lean months it might be nice to have a side gig that can turn into another revenue stream while I continue to build my primary business.