Before investing in any group such as this you should fully consider exactly what you are getting into. The questions I believe you should ask are quite simple. I'm not saying you shouldn't invest but you should check your gut and instincts and check expectations at the door.
How keen are you on ever seeing your money again?
What type of group is this: Hobby or Professional?
Is there an auditor or accountant managing the portfolio and the proper tracking of income, expenses, and liabilities. These would include proper tax filing in the appropriate jurisdiction and certain incorporation- are you cash or accrual accounting? Are you capitalizing costs? Amortizing costs? Are you filing financial disclosures accuracy? Are you an investor or an actual part owner via a share structure?
These are structural things you should now if you care about your money and tax obligations.
What is the reputation you are staking your money on and what is your own personal liability?
Who are you getting into business with? Do any of the members have a criminal record? Do any of your members have a track record of losing WIPOs against large corporations. Are the names/cash held in trust? Who has control and can you trust that person.
What is the positive reputation based on. I'd recommend a deeper dive than post counts, likes and a few trader ratings. I like NP but there is nothing here that
proves integrity. It has to be
earned or you're taking a chance
. Sometimes you need to take a calculated risk - is this that time?
Can you real trust these people? Do you really want to be associated with these people.. if you are in a group and you start investing in LEGO or Michelin names are you financially protected?
Simply Why?
Why do you think working with someone is better than you learning and doing this on your own. Why, if this is working so well, would someone want to share this awesome opportunity. Are they really that altruistic.
Are there any obvious red-flags: inflated expectations, referencing one-off sales as a pattern, a vague history of success.
Don't let me stop you from investing but make sure you are prepared for the worst.
Some specific questions that I would want an answer to before I invested in this group.
There should be no issue answering any of these in my opinion:
start to receive paypal payments of the total income divide by the amount of people in the group
So it's not based on the invested amount or number of "shares" but number of people. What about provided services - do they get higher earnings Is there clear charter laying this out.
Initial investment of $200 is equal to 100 shares.
What's a share? How many shares exist and are outstanding? How many are float shares? Are these even real shares or just something you made up?
this grows and grows its doesn't just sit and wait. projected income per investor first year will be $xxx to $x,xxx
So if I give you $20,000 I'm going to get a projected
income of something between $10,000 and $200,000 without even impacting my initial capital investment? That's awesome! Or am I missing something or are your projections just wild ass guesses? Or are they not scalable - how are you going to turn finding 10 regfee names you flip for xxxxx% into finding 100 regfee names and then 200...
If your shares don't profit that first year I will 100% buy them back from you
So you have a cash reserve for this personally and will buy out their "shares" or is this part of a more formal legal arrangement.
state of wisconsin we are going to register the business name for this group
What is this business name -is it an LLC or are you incorporating? I'm sure people would love to see the principals are... most filings would come with an operating agreement. An LLC will not work with more than a few members due to disagreements..
they wont eber be this cheap again
Because of dilution presumably - where would the new shares come from assuming these are meaningful.
I need to make one thing very clear during the investment phase there are no refunds.
But you will 100% buy their shares back, right?
Me and the other members do not need the headaches playing childish game
That's why you should play the adult game of building a proper business plan. Childish games involve just passing money around like there are no actual fiscal responsibilities involved. This isn't trading sandwiches for a cookie.
you cant lose i back all initials.
But there are no refunds?
I really didnt draw up a plan because domaining is too hard to predict. I could draw up an amazing business plan with all these nice promises but I refuse.
1.) buy domains
2.) pick rather to develop, sell, park, etc
3.) make the income
4.) reinvest 50% profits to more domains and payout other 50% of the prior months profits split amongst the shares.
5.) share holders get money
It's hard to predict but you always get more money. Sounds awesome. How do you decided to develop,sell,park...and what to buy. What is the voting structure.
we can also have offline connections not just namepros members will be exchanging cellphone numbers to text, etc and skype for foreign members
If this is the case then the group cannot operate outside of Namepros. Group activities when done on NP should be done on NP.
So. Is this going to stay an NP group or move offline?
We didn't make anything on day 1. no earning, no expense we got the website underway as step 1 within the first 24 hours. All stats and information will be updated on the official website once its fully done. No payouts in first 6 month building period.
http://dncrew.com/? Impressive 503 site or is it somewhere else.
so the opportunity to be in a group with domain investor/experts like baseballworld is not something I trip across every day
Whenever you invest in someone check their resume. I presume you have done and that it was to your satisfaction.