Unlock a smarter way to collaborate and share profits with ThriveCart JV contracts, a powerful system designed for seamless revenue partnerships with one or more people. JV contracts allow you to set up a structured sales revenue split with one or more partners—completely separate from affiliate commissions.
When a sale occurs, affiliates are paid first, and the remaining revenue is automatically divided between you and your partner(s) according to the percentages agreed upon in the contract. This ensures transparent joint venture payments, effortless profit sharing, and a streamlined way to manage collaborative launches or long-term partnerships with total clarity.
How does revenue sharing work? Let’s look at an example:
Yourself and your partner Lucas have been working on a membership platform together, you’re both bring skills to the table and you have your own roles in the launch of the site and the duties that follow.
In this scenario, you have decided to share the revenue evenly, so you create a contract in your account to pay Lucas 50% on all sales and recurring revenue for this product. Lucas will then have their own partner dashboard where they can accept the contract and start earning commissions on every sale of the product.
You’re selling the product for $200, so both of you will earn $100* when a sale is made. The sale is tracked and Lucas can view all the data from his own dashboard.
Now let’s say you have affiliates also promoting. You’re offering affiliates 30% commissions for promoting your new membership site.
So now your customer pays $200, your affiliate earns $60 leaving you and Lucas $140 to share 50:50, so that’s $70* each.
ThriveCart allows you to easily set your contracts to automatically pay your partner(s) through PayPal OR allow you to manually pay them via a 3rd party and simply marked them as being paid within the system.
*amounts are before payment processor fees.
Our 2021 release video
Below you can watch our release video of this area (note that the UI has since been updated, and some elements may not reflect your current dashboard).
Frequently Asked Questions (FAQs)
- Q: My product has shipping, sales taxes, and affiliate commissions enabled on it – when is the split calculated?
- A: The split for the contract only takes into account the product price, and the sales tax and shipping are not split between you both. As the vendor, shipping and sales tax amounts paid go to you for processing and book-keeping, and only product prices paid are split between you and your partner.
- Q: Can customers still use coupons? Will I then overpay my partner?
- A: Commission earned is based solely on the amount that the customer paid. So if the customer had a 24% off coupon, then only the 75% that they actually paid would be split between you are your partner.