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gideongallery

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#1

taboo and other domain guys

09-30-2004, 01:02 AM

got Renegotiable.com and i got an offer of 5 k from a local credit union who wanted to use it to promote their renegotiable rate loans (Mortgages, lines of credit etc)

I figure it would be worth a lot more to bigger US banks vs a local credit union

Anyone of the bigger players have contacts in the banking industry that you could put out feelers too.

I have no problem sharing the profits from the sale.

hit me up by icq if you have the contacts.

“When crimes occur through the mail, you don’t shut the post office down,” Steve Wozniak
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DomBuyer

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#2

09-30-2004, 01:32 AM

Try and get the credit union up, but otherwise I'd take the money and run. It's not worth much more than you're being offered for it.
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Groove

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#3

09-30-2004, 01:35 AM

Originally posted by DomBuyer
Try and get the credit union up, but otherwise I'd take the money and run. It's not worth much more than you're being offered for it.

This sounds like good advice to me
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slavdogg

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#4

09-30-2004, 01:36 AM

are Renegotiable loans something new ??

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johndoebob

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#5

09-30-2004, 01:40 AM

I think it's max worth 10k.

Beside you find banks you can affiliate with for percents/fixed pays and do some SEO.
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#6

09-30-2004, 02:05 AM

I would have taken that offer and run.

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gideongallery

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#7

09-30-2004, 03:08 AM

Originally posted by slavdogg
are Renegotiable loans something new ??

Sort of if you are in Canada you have probably seen the commercial for Scotia banks long/short mortgage.

The one where the husband and wife are arguing weather they should go long or short on their mortgage

That the renegotiable mortgage

Technically it just the combination of a fixed and a variable rate mortgage that is convertable one time (most people will convert the variable part)

Last edited by gideongallery; 09-30-2004, 03:10 AM.

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gideongallery

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#8

09-30-2004, 03:16 AM

Originally posted by johndoebob
I think it's max worth 10k.

Beside you find banks you can affiliate with for percents/fixed pays and do some SEO.

so far using a domain name as a submitter domain to tgps (those that accept one post per domain) has a higher net present value than they are offering

“When crimes occur through the mail, you don’t shut the post office down,” Steve Wozniak
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#9

09-30-2004, 03:45 AM

Originally posted by gideongallery
got Renegotiable.com and i got an offer of 5 k from a local credit union who wanted to use it to promote their renegotiable rate loans (Mortgages, lines of credit etc)

I figure it would be worth a lot more to bigger US banks vs a local credit union

Anyone of the bigger players have contacts in the banking industry that you could put out feelers too.

I have no problem sharing the profits from the sale.

hit me up by icq if you have the contacts.

If you're not happy with their $5K offer, tell them you're looking for a more substantial amount ($30-$50k) but you are willing to license the domain to them for $3-5K/year. Tell them that if you ever decide to sell or receive a buy offer during that year, they will have the "first right of refusal". Let them know they can start using the name tomorrow by licensing it today. This way they can test drive the domain before buying... and you'll even let them deduct their licensing fee if they choose to buy. They obviously low-balled their original offer but you've given them two options, so it's no longer a yes or no situation, it's a win-win. You can even structure the licensing deal as $X,XXX upfront and $XXX per month and they can cancel at anytime, but minimum 6-12 month arrangement. It's up to you... mix & match everyone's advice and find a solution that you're comfortable with and make sure to have a detailed contract.

Good luck.

Let us know how it worked out.
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Tipsy

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#10

09-30-2004, 03:54 AM

Only thing I'd add is in any negotiation like that you need to be very careful you don't get too greedy and simply scare them off. The 'art' in any deal like that is being able to judge within a little how much you think they'll pay and being able to go just above

Good luck.

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arg

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#11

09-30-2004, 04:13 AM

Originally posted by Taboo
If you're not happy with their $5K offer,
....

I think Taboo's advice is good, if you pay attention to his first sentence. Personally, I'd be quite happy with the offer.

Btw, I just regged renegtiables.com & renegotiableloans.com, so hopefully you'll piss them off and they'll come to me next.
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#12

09-30-2004, 05:41 AM

That's a good offer for that name.

All the best to you
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johndoebob

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#13

09-30-2004, 09:39 AM

Originally posted by gideongallery
so far using a domain name as a submitter domain to tgps (those that accept one post per domain) has a higher net present value than they are offering

Sorry but I don't understand what you want to tell me.
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arg

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#14

09-30-2004, 10:24 AM

Originally posted by johndoebob
Sorry but I don't understand what you want to tell me.

I didn't quite get that either, it's worth more than $5000 to be able to submit galleries to TGPs using the domain? Can't you use $10 domains for that?
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#15

09-30-2004, 10:34 AM

Originally posted by arg
I think Taboo's advice is good, if you pay attention to his first sentence. Personally, I'd be quite happy with the offer.

Btw, I just regged renegtiables.com & renegotiableloans.com, so hopefully you'll piss them off and they'll come to me next.

nice move

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gideongallery

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#16

09-30-2004, 07:22 PM

Originally posted by arg
I didn't quite get that either, it's worth more than $5000 to be able to submit galleries to TGPs using the domain? Can't you use $10 domains for that?

It like owning a parking lot in prime development space

I can make the same money letting people park cars in the empty lot and by holding on to the space in that prime area someone may offer me more money for the space because they want to build something really good on it.

I can buy a crappy domain anytime i want and there is no shortage of crappy domain names so it not like i will use anything for waiting

“When crimes occur through the mail, you don’t shut the post office down,” Steve Wozniak
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gideongallery

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#17

09-30-2004, 07:26 PM

Originally posted by Taboo
If you're not happy with their $5K offer, tell them you're looking for a more substantial amount ($30-$50k) but you are willing to license the domain to them for $3-5K/year. Tell them that if you ever decide to sell or receive a buy offer during that year, they will have the "first right of refusal". Let them know they can start using the name tomorrow by licensing it today. This way they can test drive the domain before buying... and you'll even let them deduct their licensing fee if they choose to buy. They obviously low-balled their original offer but you've given them two options, so it's no longer a yes or no situation, it's a win-win. You can even structure the licensing deal as $X,XXX upfront and $XXX per month and they can cancel at anytime, but minimum 6-12 month arrangement. It's up to you... mix & match everyone's advice and find a solution that you're comfortable with and make sure to have a detailed contract.

Good luck.

Let us know how it worked out.

Good advice, i think i will use something like this, i was considering renting the domain for a couple of points of a loan but right now i didn't need to borrow any money.

“When crimes occur through the mail, you don’t shut the post office down,” Steve Wozniak
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arg

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#18

09-30-2004, 07:37 PM

Originally posted by gideongallery
It like owning a parking lot in prime development space

I can make the same money letting people park cars in the empty lot and by holding on to the space in that prime area someone may offer me more money for the space because they want to build something really good on it.

I can buy a crappy domain anytime i want and there is no shortage of crappy domain names so it not like i will use anything for waiting

If I understand your metaphor correctly, you think you can make $5k with the domain by parking ads on it, plus someone might offer more than $5k later on. It doesn't seem like a popular word at this point so I don't see an easy path to making that much with ads, and I'd say $5k is a good offer, but there's no way of knowing the future other than waiting. A more pessimistic possibility is that you might make very little through ads, and never again get an offer that high.

On the other hand, if you sold it for $5k now, you might buy quite a few more expiring domains, and sell those for still more money. Again, there's no certain answer, you just need to take your best guess.
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gideongallery

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#19

09-30-2004, 08:10 PM

Originally posted by arg
If I understand your metaphor correctly, you think you can make $5k with the domain by parking ads on it, plus someone might offer more than $5k later on. It doesn't seem like a popular word at this point so I don't see an easy path to making that much with ads, and I'd say $5k is a good offer, but there's no way of knowing the future other than waiting. A more pessimistic possibility is that you might make very little through ads, and never again get an offer that high.

On the other hand, if you sold it for $5k now, you might buy quite a few more expiring domains, and sell those for still more money. Again, there's no certain answer, you just need to take your best guess.

Ultimately it comes down to if you believe that the domain is worth less or more than 5k.

from my point of view it worth more because if i bought https://www.this---is--a--shitty-dom...-galleries.com and put up galleries and submitted them i could make more money.

I was thinking that i could use the domain as leverage when i need to borrow money from a bank, offering the free front page access if they gave me a point /point and half on a secured loan.

Sure they lose a profit margin (spread between bank interest and loan interest) but it not really money to them because they know i will shop the offer to somone else.

1% on a 100k loan (secured) is 1 k per year assuming bank interest of 5% that a net present value of 20k.

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#20

09-30-2004, 08:36 PM

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#21

09-30-2004, 08:48 PM

I would take the 5k and be done with it. I don't think it is worth more than that.

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#22

09-30-2004, 08:55 PM

At the most that domain name cost you 34 dollars. There are many ways to use it. If you wait on a higher offer, or the CU does not take the lease offer, what did you really loose??

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arg

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#23

09-30-2004, 09:59 PM

The domain could have cost him more than $34, as he got it from pool.com's expired domain service.

Gid, I still don't get what TGP gallleries have to do with any of this, but I agree, the main question is whether you think it's worth more or less than $5k...I'd say less, but if you think more, then yeah hang on to it.

I think your loan negotiation idea sounds really unlikely to succeed, but you never know until you try.
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Steen2

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#24

09-30-2004, 10:00 PM

Originally posted by gideongallery
got Renegotiable.com and i got an offer of 5 k from a local credit union who wanted to use it to promote their renegotiable rate loans (Mortgages, lines of credit etc)

I figure it would be worth a lot more to bigger US banks vs a local credit union

Anyone of the bigger players have contacts in the banking industry that you could put out feelers too.

I have no problem sharing the profits from the sale.

hit me up by icq if you have the contacts.

Never heard the term. I think the offer is a good one.

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IPK

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#25

09-30-2004, 10:59 PM

Originally posted by arg
The domain could have cost him more than $34, as he got it from pool.com's expired domain service.

Gid, I still don't get what TGP gallleries have to do with any of this, but I agree, the main question is whether you think it's worth more or less than $5k...I'd say less, but if you think more, then yeah hang on to it.

I think your loan negotiation idea sounds really unlikely to succeed, but you never know until you try.

Yeah I'm the one who put it up on pool.com.

No one ever contacted me when I had the name.

Just my luck.

Anyway, they can get negotiable.com from GreatDomains for 15k.

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IPK

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#26

09-30-2004, 11:05 PM

Originally posted by DomBuyer
Try and get the credit union up, but otherwise I'd take the money and run. It's not worth much more than you're being offered for it.

That statement makes me feel a little better.

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