Do this sound like a good idea. Partnership to use a domain

[value]

There is this great domain I wanted but in order for me to get it I will need some type of a millionaire type paying job. The domain has great potentials of making thousands a month if you put time into it. The name just says it all and its search engine friendly and it can be used for whatever.

Now, here is the deal. I can use the domain but for me to use it then I will have to put down $5,000 and then go into partnership with the owner and he will make a certain percentage of the monthly earnings for ever. I have a certain period of set time for me to make it a successful site or else he will pull the plug off me and take it back (the site must make thousands a month within that set period of time as stated in the contract). Now, I will be doing all the advertising, spending money on design and coding and everything. Basically the thing is he dont have time to create a website but he's willing to sell the domain for over a quarter million dollar. Since I can't afford that much, thats the best he can do for me.

Is this a good idea? It sounds like a Win/Win situation but what if I fail to make thousands a month during the set period of time mention in the contract and then I lose my $5,000 and my hard work?

I use to own a site that use to make about a thousand a month but that was awhile ago when I didn't have a full time day time job.

Should I jump on this? tempted

 

[hawkeye]

I'd say it boils down to how much you believe in your idea and if $5k is worth risk losing if your idea doesn't pan out. You can and will get all kinds of 'advice' on what to do, but they won't be the ones ponying up the money, time and efforts! You know the name, and the idea you have, so based on the criteria that is presented to you to do this endeavor, what do 'you' think? Sometimes a well thought out 'gut feel', can be one's strongest guide! So keep in mind - 'No guts, no glory!', and the best to you and your decision!

 

[Robbie]

I would seek some some advice from others on here.

PM the name to me or others and we can let you know if it is a good domain worth buying or entering into a partnership with.

Regards,

Robbie

 

[value]

ok I will pm it to u

 

[gazzip]

Tricky one to say without knowing the domain, does the domain get a large amount of targeted type in traffic already ?

What field is it in ?


.

 

[Robbie]

pm replied.

 

[nameboi]

I don't like how you said the name can be used for whatever. Normally a name you'd want to develop is tailor-made for something very specific, and there is good money to be made in that specific niche.

But the deal he is offering you is very fair. If the name is a good one-word generic .com in a good category, then expecting someone to make at least several $ thousand per month with it as developed website is a bare minimum of what he should expect from you. And giving you perhaps 3 years to get to that point is very fair.

 

[samuelhr]

Great deal, if your site is unique and your idea is good.

 

[mwzd]

Buy another domain for $5k.

Such kind of partnerships are really risky.

Though for the domain owner it seems like a sweet deal, I wish someone would pay me 5k for a domain i own, develop it, advertise it and promote it so that its worth more :D

 

[tech4]

You must have a great contract in writing, or really believe in your idea and trust the integrity of the domain owner. Because once you make a profit, there's no telling who wants in and they have much more money than you. They can easily sway the owner to do otherwise and do away with you and your $5,000 USD because they can.

so your contract must state some kind of conditions so that owner will not do that, a penalty. you must be willing to lose 5,000, meaning you should have "no regret". you know that the owner or with a certain confident will not turn his/her back once you make money. problem is, when people start making money, things change alot.