What is a Joint Venture Partnership (JVP)?
A Joint Venture Partnership (JVP) is a business collaboration between two or more parties who work together on a product or entrepreneurial initiative. The partners contribute resources, expertise, or capital and receive a contractually agreed share of the revenue in return.
In CopeCart, you can use a JVP to fairly distribute revenue when your product has been developed with others. This helps avoid misunderstandings and ensures the automatic allocation of revenue shares.
Example of a Joint Venture Partnership:
Imagine you have created an online course but outsourced the video editing and subtitles to another person. To fairly compensate them for their work, you can set up a JVP.
How Revenue Distribution Works with JVPs
Once a product is sold, revenue is automatically distributed based on the predefined shares.
The assigned percentage applies to all future sales, including subscriptions and installment payments.
Payments that have already been made remain unchanged.
Adjustments to JVP shares only affect future transactions.
💡 Note: The total share of all JVPs cannot exceed 100%. The remaining amount goes to you as the vendor.
Important: You cannot assign an affiliate as a Joint Venture Partner (JVP) for the same product. Choose either an affiliate commission or a JVP share.
Adding or Removing a JVP for a Product
Go to: "Products" → Select the product → "Edit"
Scroll down to the "Partners" section and either add a JVP or remove one by clicking the "X" icon.
A confirmation prompt will appear before removal:
"Are you sure you want to remove [Name] as a Joint Venture Partner from future orders?"
Optional: You can select the checkbox "Also remove from future transactions/payments on existing orders."
Click "Delete" to confirm the change.
Important Notes on Removing a JVP
Payments that have already been made remain unchanged.
If an order with a removed JVP is later refunded, the refund will be split proportionally.
Installment payments: The JVP share is removed only for future installments.
Types of Joint Venture Partnerships in CopeCart
When setting up a JVP, you can specify their role in your product:
Product Development – Assisting in product creation.
Product Manufacturing – Responsible for the production of a digital or physical product.
Support – Providing customer support for the product.
Support Management – Managing the support team.
Affiliate Management – Managing affiliates for the product.
Sales Mediation – Acting as a sales intermediary.
General Services – Other supportive services.
💡 These descriptions are for internal classification only. The revenue share is not affected by the selected category.
Revenue Distribution Calculation
The net revenue that is distributed between the vendor and JVPs is calculated as follows:
Gross amount – VAT – CopeCart fee – Affiliate commission = Total revenue
Example Calculation:
Gross amount: €1,190.00
VAT (19%): €190.00
CopeCart fee (4.9% + €1 per transaction): €59.31
Affiliate commission (50%): €470.35
Total revenue = €470.34
JVP Revenue Distribution:
JVP1 (30% share): €141.10
JVP2 (40% share): €188.14
Vendor (30% share): €141.10
📌 The vendor’s earned net revenue is calculated as:
Total revenue – JVP1 share – JVP2 share = €141.10
Summary
✔ Automatic revenue distribution with predefined percentages
✔ Flexible adjustments – Changes apply to future sales
✔ Clear structure – JVP shares are set in advance
✔ Easy management – Edit JVPs directly on the product page
You can find JVP statistics under "Transactions" → "Joint Venture" tab.
For further questions, please feel free to contact our support team.
Best regards
Your CopeCart Team