***Please note: All this is currently being evaluated, configured and set up for release in the coming few weeks. While many issues remain to be worked out, this thread is here to get your feedback on the initial idea. There are several unresolved issues pertaining to this so we ask that if you have criticizms, please let us know by pointing them out so they can be resolved appropriatly and quickly.***
Over the past couple of days, a new yet old idea has been hashed around here in Private messages between myself and a handful of others on these forums. From the general feedback received, it is generally considered a great idea and something worth developing. While no one here is being asked to "sign-up" or otherwise, we would like your input on this subject as well as concerns and ideas that could make it better. This by no means is a complete picture, but should provide a good solid general idea as to the program.
Recently I registered www.ComLLC.com. In process is a business license in the state of Oregon under the name "Com, LLC.".
The general Idea behind this is as follows:
Com, LLC will.. as a company invest in domains that generally would be beyond the procurement reach of us as individuals. While most of us can afford a hundred or two dollars per month to invest in at best speculative domain names, very few of us have the cash on hand to purchase quality domains.
Com, LLC will offer membership at a low rate (rate is as yet undetermined, but expected to be less than $20/month). This membership will entitle you partial ownership in any domains procured during your membership month paid for. What this will do is essentially combine the purchasing power of members to procure higher value names under the "Com LLC" business license and to market them to end users or other speculators that would be interested in purchasing them from us.
Once a domain is sold, the NET profits will be split by the members who qualify (those who were members during the procurement of that domain) in an equal manner.
There "may" be a marketing team associatted with Com, LLC that, as members.. sole purpouse is to find customers for these domains. Any marketing member who "sells" a domain will receive a percentage of that net profit over and above his membership profit share.
As most domains will not sell immediately, they will remain in parking and all funds generated will remain in:
1) general fund pool to be spent on future purchases
2) paid back to members as monthly checks as part of their profit share
And there are other alternatives as well.
While we focus mainly on using combined purchasing powers to purchase and sell domains, there may be a time when we find some that we feel would be profitable for us to develop together. In this case, all profits from that site will be distributed amonth eligible members as profit share.
Procurement of domain names would be made monthly in general (or on an as neccessary basis) and be subject to the following format:
1) over the course of the month, member will submit silently (privately) domains they have found to be evaluated for purchase.
2) the offices (undecided how this part will work still) will then review the list and hold a 48hr - 1 week vote among eligible members to consider which names should be procured.
3) once the vote is tallied, the domain will be purchased under the name of Com, LLC.
All current members will be partial owners of that domain name and therefore be eligible for the profit once sold. If you are a member during a month COM, LLC purchases a domain name that eventually sells, but are no longer a member during the sale, you are still considered a partial owner and will be provided the same share of the sale profits as would normally be paid to current members.
While we are still considering how to do this next part, it should be noted that it is in consideration:
We are also evaluating a process in which members can purchase more than a 1 membership share in the company. Feedback on this idea would be appreciatted.
Officers: While the number of officers is undertermined, there will be at least 2. The officers will retain a percentage of the NET profits (% is undetermined as of yet, but expect it to be a single figure percentage) for the time they place into the general effort.
Recycled profits: Com, LLC will also itself receive a portion of the profits. This portion will be used ONLY for future domain investments, thereby increasing the purchasing power of the Group as a whole. It should be expected that a minimum of 10% of the NET profits will be placed into the Recycled Profits fund.
TAXES: As expected, each member will be responsible for their own share of income tax, however, as COM, LLC is officially located in Oregon, there will be no sales tax.
Marketing Team: The marketing team will be officially recognized members of Com, LLC as the "Sales Staff" and be paid at an undetermined rate a portion of the NET profit made. While not all sales will be made by the Marketing teams, it should be expected that a good portion of them will be. More on this at a later date.
Profit Share: While not a set number/percentage, it should generally be aknowledged that anywhere from 50%-80% of the net profits will be paid back to eligible members with the remained being distributed as mentioned above.
so, Essentially what we have here is a consortium of Domain Speculators pooling their resources, experience and minds. While the above information is not "set in stone", it is moving forward and will be up and running very soon. We ask for your feedback and ideas as well as criticism of this plan.
A website with more information will be available soon at www.ComLLC.com
Thanks for your time in reading this and for any feedback you may offer.
Over the past couple of days, a new yet old idea has been hashed around here in Private messages between myself and a handful of others on these forums. From the general feedback received, it is generally considered a great idea and something worth developing. While no one here is being asked to "sign-up" or otherwise, we would like your input on this subject as well as concerns and ideas that could make it better. This by no means is a complete picture, but should provide a good solid general idea as to the program.
Recently I registered www.ComLLC.com. In process is a business license in the state of Oregon under the name "Com, LLC.".
The general Idea behind this is as follows:
Com, LLC will.. as a company invest in domains that generally would be beyond the procurement reach of us as individuals. While most of us can afford a hundred or two dollars per month to invest in at best speculative domain names, very few of us have the cash on hand to purchase quality domains.
Com, LLC will offer membership at a low rate (rate is as yet undetermined, but expected to be less than $20/month). This membership will entitle you partial ownership in any domains procured during your membership month paid for. What this will do is essentially combine the purchasing power of members to procure higher value names under the "Com LLC" business license and to market them to end users or other speculators that would be interested in purchasing them from us.
Once a domain is sold, the NET profits will be split by the members who qualify (those who were members during the procurement of that domain) in an equal manner.
There "may" be a marketing team associatted with Com, LLC that, as members.. sole purpouse is to find customers for these domains. Any marketing member who "sells" a domain will receive a percentage of that net profit over and above his membership profit share.
As most domains will not sell immediately, they will remain in parking and all funds generated will remain in:
1) general fund pool to be spent on future purchases
2) paid back to members as monthly checks as part of their profit share
And there are other alternatives as well.
While we focus mainly on using combined purchasing powers to purchase and sell domains, there may be a time when we find some that we feel would be profitable for us to develop together. In this case, all profits from that site will be distributed amonth eligible members as profit share.
Procurement of domain names would be made monthly in general (or on an as neccessary basis) and be subject to the following format:
1) over the course of the month, member will submit silently (privately) domains they have found to be evaluated for purchase.
2) the offices (undecided how this part will work still) will then review the list and hold a 48hr - 1 week vote among eligible members to consider which names should be procured.
3) once the vote is tallied, the domain will be purchased under the name of Com, LLC.
All current members will be partial owners of that domain name and therefore be eligible for the profit once sold. If you are a member during a month COM, LLC purchases a domain name that eventually sells, but are no longer a member during the sale, you are still considered a partial owner and will be provided the same share of the sale profits as would normally be paid to current members.
While we are still considering how to do this next part, it should be noted that it is in consideration:
We are also evaluating a process in which members can purchase more than a 1 membership share in the company. Feedback on this idea would be appreciatted.
Officers: While the number of officers is undertermined, there will be at least 2. The officers will retain a percentage of the NET profits (% is undetermined as of yet, but expect it to be a single figure percentage) for the time they place into the general effort.
Recycled profits: Com, LLC will also itself receive a portion of the profits. This portion will be used ONLY for future domain investments, thereby increasing the purchasing power of the Group as a whole. It should be expected that a minimum of 10% of the NET profits will be placed into the Recycled Profits fund.
TAXES: As expected, each member will be responsible for their own share of income tax, however, as COM, LLC is officially located in Oregon, there will be no sales tax.
Marketing Team: The marketing team will be officially recognized members of Com, LLC as the "Sales Staff" and be paid at an undetermined rate a portion of the NET profit made. While not all sales will be made by the Marketing teams, it should be expected that a good portion of them will be. More on this at a later date.
Profit Share: While not a set number/percentage, it should generally be aknowledged that anywhere from 50%-80% of the net profits will be paid back to eligible members with the remained being distributed as mentioned above.
so, Essentially what we have here is a consortium of Domain Speculators pooling their resources, experience and minds. While the above information is not "set in stone", it is moving forward and will be up and running very soon. We ask for your feedback and ideas as well as criticism of this plan.
A website with more information will be available soon at www.ComLLC.com
Thanks for your time in reading this and for any feedback you may offer.
. I'm one of those anal types that insist on uncovering everystone lol.
