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What do you think about the formation of domain buyers groups? I have thought of a system that has the following characteristics.
A group of 10 domain investors come together and on the first day of the month put $35 each in a fund that will be used to acquire domain names. This amount is just a suggestion to start the discussion.
The group members suggest and decide by majority vote on which names they will bid or acquire.
Each member makes an effort to sell or find a buyer for the name(s) acquired.
Once the the domain is sold, the funds are distributed among members.
We can decide if we want to keep contributing $35 per month whether we have sold the names we already acquired or not, or we could establish the rule that no one contributes anymore unless we have already made a sale.
Why only 10 member per group?
This will make the group more manageable in terms of interaction, such as voting in a timely manner, which may be very important when making a last minute decision on a great name that needs to be acquired soon.
What are the benefits of this system?
One of the most important benefits of this idea would be that a few veteran domain investors would put their expertise in evaluating and deciding which names to buy and how to sell them. In addition, the 10 members of the group will do their best to market the domain and that would increase the possibility of making a sale. The $35 investment is minimal, but the collaboration brings the funds up to a decent investment level, since a $250 or $350 investment may pay off substantially.
Who will keep the funds contributed by members?
Each group could select a well known and trusted NP member to keep the funds. From the start, I decline to be the holder of funds for my group since I am the one coming up with the idea and do not want it to be misinterpreted. So, it could be somebody else in the group of which I become a member.
What requirements could be implemented for membership?
Each group can decide on how they will proceed, but I would prefer to be a member of a group whose members have been here for a while and who have been relatively successful at acquiring and selling domains.
What venue will the members use to communicate to each other?
This is open for suggestions. Feel free to mention any system that you believe could be convenient.
I am definitely interested in being part of something like this. As you obviously realize, more than one group can be created.
A group of 10 domain investors come together and on the first day of the month put $35 each in a fund that will be used to acquire domain names. This amount is just a suggestion to start the discussion.
The group members suggest and decide by majority vote on which names they will bid or acquire.
Each member makes an effort to sell or find a buyer for the name(s) acquired.
Once the the domain is sold, the funds are distributed among members.
We can decide if we want to keep contributing $35 per month whether we have sold the names we already acquired or not, or we could establish the rule that no one contributes anymore unless we have already made a sale.
Why only 10 member per group?
This will make the group more manageable in terms of interaction, such as voting in a timely manner, which may be very important when making a last minute decision on a great name that needs to be acquired soon.
What are the benefits of this system?
One of the most important benefits of this idea would be that a few veteran domain investors would put their expertise in evaluating and deciding which names to buy and how to sell them. In addition, the 10 members of the group will do their best to market the domain and that would increase the possibility of making a sale. The $35 investment is minimal, but the collaboration brings the funds up to a decent investment level, since a $250 or $350 investment may pay off substantially.
Who will keep the funds contributed by members?
Each group could select a well known and trusted NP member to keep the funds. From the start, I decline to be the holder of funds for my group since I am the one coming up with the idea and do not want it to be misinterpreted. So, it could be somebody else in the group of which I become a member.
What requirements could be implemented for membership?
Each group can decide on how they will proceed, but I would prefer to be a member of a group whose members have been here for a while and who have been relatively successful at acquiring and selling domains.
What venue will the members use to communicate to each other?
This is open for suggestions. Feel free to mention any system that you believe could be convenient.
I am definitely interested in being part of something like this. As you obviously realize, more than one group can be created.