James Iles

Ultra-Premium Monkey.com Returns to Original Owner

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By James Iles, Nov 15, 2017
  1. dordomai

    dordomai Active Member VIP

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    you are very lucky to have this name
     
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  2. Recons.Com

    Recons.Com Business Member Business Account VIP

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    And that service is an ongoing service, if it is interrupted, their revenue gets interrupted as well. It is not like they have to keep maintaining the account until the end of the contract. The only amount they should be entitled would be some admin/setup fee upfront.

    And the broker should be in the same boat as the seller (or buyer, if he is representing him). The seller does not make the money = the broker does not make money.
     
  3. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    When you rent a house or an apartment via a service that locates them for you, do they get paid monthly, and stop getting paid if you don't pay the rent?

    Escrow.com and others operate on a small margin. Large sales, such as this one, sit at 1%. It makes absolutely no sense not to receive the funds up front.
     
  4. Recons.Com

    Recons.Com Business Member Business Account VIP

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    Yes, a broker that helps with renting out a property gets paid from proceeds received, not upfront for the whole of the lease period.
     
  5. Acroplex

    Acroplex Top Member DomainGang.com PRO VIP ★★★★★★★★★★

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    Real estate location services are paid up front, not on a monthly basis. Maybe my example didn't help make a point. Either way, at 1% profit margin I would want the money up front too.
     
  6. xynames

    xynames Established Member

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    The article implies that more than one payment was made but going from sale to default in just four months there couldn’t have been too many payments made.

    Still, I doubt the $500k was stretched out over longer than 12 months so I’d guess that seller received more than a token amount.
     
  7. xynames

    xynames Established Member

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    Plus if I were doing the sale I’d have made the first payment the largest one - a down payment so to speak.
     
  8. Mr. Deleted

    Mr. Deleted mrdeleted.com VIP ★★★★★★★★★★

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    If I spend days on a multi-million dollar deal for you, should I not get paid at all? Most major business deals have a clause that says if the buyer backs out of the deal, they have to pay X for the time spent on the deal. I dont know why the seller and broker's time is worthless.
     
  9. Mr. Deleted

    Mr. Deleted mrdeleted.com VIP ★★★★★★★★★★

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    Thanks, but it was actually just research that resulted in me buying a name I felt was valuable. And I was right.
     
  10. CrazyOldGoat

    CrazyOldGoat Established Member ★★★★★★★★★★

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    From Monkey.com to M0nk3y.com

    That is pretty embarrassing
     
  11. dordomai

    dordomai Active Member VIP

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    actually it was from monkey.capital to monkey.com and then to m0nk3y.com.

    This shows it does not matter how crappy a .com is end-user still want the .com instead of an alt extension.
     
  12. Kate

    Kate Thinking inside the Box™ VIP ★★★★★★★★★★

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    Monkey had no M0n3y for Monkey.com
     
  13. dordomai

    dordomai Active Member VIP

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    they didn't even have money for monkeycapital.com
     
  14. xynames

    xynames Established Member

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    When m0nk3y was first mentioned I thought it was a JOKE but then I looked and :ROFL: talk about Welcome! to Rock Bottom, m0nk3y is it!
     

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