In my past articles, I have thoroughly discussed the conditions you may encounter when deciding to collaborate with a group of workers. Now, I'd like to introduce you to partnerships.
To get you started, be informed that a partnership can be any agreement or arrangement between you and another freelancing professional, or even two or more. When you agree to work and get paid on a commission basis, it only means that you won't be the one bringing home the largest piece of the cake (profit), but the people who have hired you. With partnerships, you and everyone involved must share equal benefits.
And of course, sharing equal benefits means dividing the amount of work equally. To illustrate, suppose you're a graphic artist or designer, and a request from a freelance blogger shows up in your inbox, asking if you can render visuals that are relevant to his posts so he can get more "traffic" for his blog. This is a good example of tasks being equally divided.
Now, make sure you have the basics down pat when assessing an opportunity for a partnership. Here are some non-negotiables you will encounter when choosing to team up with one or more freelancing professionals:
- You may not be able to set your own rates on partnerships, but it's possible to earn more, depending on the scope or breadth of the project. With regards to blogging, remember that the most effective blogs get up to 1,000 unique views a month. If you can help increase a blog's traffic, you may be able to make more than your usual rates.
- Some clients may offer cash incentives, or those that come in kind. How will these "perks" be divided? Allot a portion in your Contract where this aspect is clarified.