How to share an event

SCENARIOS FOR SHARING EVENTS (MY FAVORITE IS #2. This scenario is great.  I have done this many many times to help out new team members.  It is best if PERSON#2 pays for their half of the booth fee up front, so they are even more committed.): 1. *LEAST RISK FOR PERSON#2 (time risk, no money risk, no inventory risk) PERSON#1 pays for everything.  PERSON#1 provides all the jewelry inventory and displays.  PERSON#1 gets all the profit. PERSON#2 commits to working the booth and helping out.  During the hours that PERSON#2 is there, the leads are split 50/50.  (I have done this scenario a few times, especially for HUGE events where the newer person doesn't dare to make the monetary commitment but wants to help out.) 2. *LOW RISK FOR PERSON#2 (time risk, money risk, no inventory risk)  PERSON#1 pays for everything.  PERSON#1 provides all the iewelry inventory and displays.  At the end of the day, PERSON#1 & PERSON#1 split the sales 50/50.  Then they calculate the cost of the booth and PERSON#2 pays PERSON#1 for 50% of the booth fee.  At this point, PERSON#2 owes PERSON#1 50% of the jewelry that is gone/sold. For example, if the booth was $100 and they sold a total of $325 (which equaled 60 adult items and 6 kids items), then here's what would happen.  At the end of the day, the cash is split up.  PERSON#1 and PERSON#2 equally get $162.50 each.  Then PERSON#1 pays PERSON#2 $50 for the booth fee.  Then PERSON#1 owes PERSON#2 30 adult items and 3 children's items.  It's best if they place an order of these items...
Scenarios for Sharing Events

Scenarios for Sharing Events

SCENARIOS FOR SHARING EVENTS (MY FAVORITE IS #2. This scenario is great.  I have done this many many times to help out new team members.  It is best if PERSON#2 pays for their half of the booth fee up front, so they are even more committed.): 1. *LEAST RISK FOR PERSON#2 (time risk, no money risk, no inventory risk) PERSON#1 pays for everything.  PERSON#1 provides all the jewelry inventory and displays.  PERSON#1 gets all the profit. PERSON#2 commits to working the booth and helping out.  During the hours that PERSON#2 is there, the leads are split 50/50.  (I have done this scenario a few times, especially for HUGE events where the newer person doesn't dare to make the monetary commitment but wants to help out.) 2. *LOW RISK FOR PERSON#2 (time risk, money risk, no inventory risk)  PERSON#1 pays for everything.  PERSON#1 provides all the iewelry inventory and displays.  At the end of the day, PERSON#1 & PERSON#1 split the sales 50/50.  Then they calculate the cost of the booth and PERSON#2 pays PERSON#1 for 50% of the booth fee.  At this point, PERSON#2 owes PERSON#1 50% of the jewelry that is gone/sold. For example, if the booth was $100 and they sold a total of $325 (which equaled 60 adult items and 6 kids items), then here's what would happen.  At the end of the day, the cash is split up.  PERSON#1 and PERSON#2 equally get $162.50 each.  Then PERSON#1 pays PERSON#2 $50 for the booth fee.  Then PERSON#1 owes PERSON#2 30 adult items and 3 children's items.  It's best if they place an order of these items...