Business need $50k

[Farang]

you ever 'find' a domain name and, what appears like instantly, you know that's the one? you just have to have it and there's no way in hell you'd settle for less... love at first sight?

I can think of the 3rd time this is happening to me. the slight issue this time is that it costs $50k (neg. down from $70k), and I do not have the money rn. payment is expected within one week, and I am considering my options. I definitely want the name, and I will be able to afford it within 3 to 6 months, but I'm wary of appearing unprofessional to the seller.

what would you do? shall I post the name and the project it's for?

PS. if anyone wants to purchase it now then sell it to me in a few months with a $5k markup, that's cool

[Spicy Wraith]

i'd pass. i can build traffic to any domain i own, some are better than others but none are worth more than $11 to me.

you didnt say an established site was $50k you said just the domain. are you feeling well buddy?

[Huggles]

Is a domain even worth that much? Just add an extra number, letter, or hyphen and get it for 0.01 and if it is successful you can buy the .com later

[TheLegacy]

if you dont have the money then why consider. just because you feel the domain is worth that much I havent heard you mention you went through a broker to check. posting it is silly since anyone could grab it - so be creative and find something else - if you cant start up a company with your own then dont get behind an eight ball at the beginning

[AmeliaG]

There are not that many buyers for domains at that price point. Seller will likely accommodate you.

If you have a killer business plan, you can also probably get regular financing.

If you do not have a killer business plan, probably should not get the domain.

[Spicy Wraith]

you can probably get it for $5k lol

[fuzebox]

Every single project I have bought a "premium" domain for failed.

All of my biggest projects which have made me the most money over the last 20 years were free registrations.

Trying to borrow $50k for the domain for a new project is basically ensuring it won't work.

[NatalieK]

Originally Posted by Spicy Wraith

you can probably get it for $5k lol

this...


and as many have said, if you can´t afford at this moment, it´s probably a life line. Whether you think it could make money, maybe it all goes tits up!


And besides, someone buys it, and then it all goes tits up for you, you´d be looking real shit when you can´t buy it to save the buyer.


Wishing you luck Farang

[mrmister]

There's a saying " if you can't afford it... "

No one is willing to buy a domain for 50k for a 5k return in a few months either, what if you can't find the money? They are stuck with a 50k domain

Just my two cenrs

[fris]

venture.com has some nice ones

[Wtify]

Start with a cheap TLD of the same name and eventually buy the $50k TLD once you've made some money to justify the purchase.

A very popular online business Neo-bank in Europe, Qonto, started as .eu and rebranded into .com later.

[emmasexytime]

Please share the project it is for

[adultinnovation]

get a job honkey

[Retiree]

Unless it is a one word domain and has type-in traffic, its not worth it.

[bns666]

sounds like a $50k scam.

[CaptainHowdy]

Originally Posted by Farang

what would you do? shall I post the name and the project it's for?

Spill the beans . . .

[sonofsam]

You don't need a 50K domain if you need to borrow for the name.

Put that 50K into marketing.

[mechanicvirus]

Wait I thought GFY was like THE home of people going "$50,000? fifty thousand dollars? that's chump change"

[Mahadeva]

Originally Posted by mechanicvirus

wait i thought gfy was like the home of people going "$50,000? Fifty thousand dollars? That's chump change"

2001-2004

And when Harmon posted those fake checks from Google Images that he non-ironically pretended were his.

[2MuchMark]

If your idea for a website is that good, then wouldn't it work with a similar domain?

[Farang]

well, i did consider posting the whole project pivot plan (that name ties it all together perfectly) here on the off chance the right person would stumble upon this thread at the right time and maybe we could do business. but what are the odds considering today’s state of this community? the plan is awesome, it’ll work, and $50k is peanuts compared to potential profits.

it’s not 100% “white hat” but not something that could land anyone in prison though. still im sure i’d get shit from some on here, but am not too bothered.

im going to discuss this with someone in private first, then decide.


PS. i do need a business partner though, not necessarily for investment. someone with managerial experience would be great, well connected within the industry would be a plus.


thanks gfy!