Domain Buyers Group ?

[Compassion]

I'm looking at the idea of getting 5 to 8 people investing $500 to $1000 each.


The goal is to invest the pool of money up in premium domain purchases.

We must agree on end goals/exit strategy



What amount would you rather pay?

How many people do you think makes a good buyers group?

 

[Coopey]

I'd think 5/7 would be an optimum number for the sort of range you're suggesting. I've previously been in a 3-person DN 'Bloc' and it helps when you know the people you're investing with better.
i.e. I'd feel more comfortable putting $500 into a 7-person bloc than into a 15-person one.

 

[Jerlene]

I'd definitely go with five hundred dollars rather than a thousand dollars, especially if I don't know all of those people.
If it turns out good though, I'd probably invest the thousand dollars at a later time.

 

[Michael]

I've only done this once before with two friends of mine and someone from the forum, and it didn't really end well. We originally went into it with the understanding that it would be a flip, but then the organizer wanted to keep it. Me and one friend ended up getting out by selling our shares back to the group. My other friend is still stuck in it and wants out.

If I were going to do this, I would want a contract or something stating the exit plan, and there should be no deviations from the planned course. It would also have to be with very well established members of the forum, I wouldn't want anyone in the group that couldn't be trusted. I would probably only be willing to do $500 for the first investment, and if it worked well I would be willing to do more. Small groups are better though.

There's actually an NP group regarding this already, required initial investment last I heard is $750. Might want to check that out.

 

[plaggypig]

The problem with forming a syndicate with strangers comes down to an issue of trust - you need to be able to get the right kind of agreement drawn up. Perhaps templates for this already exist, but even so I'd want to have it checked by a trained lawyer first.

 

[bmugford]

I have a few of these type of agreements going now. For it to work there needs to be clear objectives and goals stated upfront. These groups can work well since you can leverage your money into better domains, but without the proper planning and structure they can be a disaster.

Brad

 

[ripley]

I'd certainly be interested with the right group, i.e. folks I trust. Drop me a PM if anybody's serious (or any established group looking for new investors).

ripley.

 

[onlinelife]

If you know those people in pool can be trusted and reliable than it’s possible. May be there is need for escrow type of 3rd party to manage those domains. What if someone want to quite? Maybe he should provide replacement for him for the pool. There will be several such issues to carry this idea.

 

[JoshuaPz]

I may also be willing to participate given our objectives are clear, that we all check in with one another frequently, and that I am certain my fellow group members are trustworthy.

 

[JayJay]

I would also be interested in something like this a few months from now, between 500-1000. When there are 7 people involved though how much profit could we really be talking about? Say everyone invests 1k and gets a 7k domain, where would it most likely be purchased from and where would it be sold? Purchased at snap sold at sedo for double type of deal, or is it more of a grab a generic and hope to find an end user by the 7 of us marketing type of thing?

Always been interested in this.

 

[Brujah]

keep me posted

 

[JoshuaPz]

Hmmm...I'm not whether this thread is the specific instigator here, but it appears the OP has just been banned. Could be just a temporary account suspension, but may I ask a moderator shed light on whether Chad broke a forum role by posting this solicitation thread with intent to form a domain buyers group, just in case anyone else has thought about doing the same? Perhaps the "Domain Name Discussion" forum wasn't the right place for this activity, but I have personally found this thread to be more educational than intrusive.

 

[Albert]

I know that NamePros got a Domain Buyer Group and TDNAM Name Buyer Group but long ago both leader doesn't reply to pm.
I am interest to see a new group been formed. Any suggestion for who, how, where, when?

 

[bmugford]

The biggest problem with these type of groups is leadership and decision making.

There are naturally going to be leaders and followers in any group. There are going to be people who are experts in certain fields, and then people who just think they are. The more people you have the more complex it gets.

There also needs to be a clear business model in place. Some people prefer to flip, some prefer to find end users, some prefer to hold. There are a lot of details to be worked out ahead of time to cover all bases.

While it sounds like a good idea, it is a better idea with people you already know and trust than random people.

Brad

 

[FreshAvails.com]

What might work is if everyone went in on a name. Then everyone tried to find a buyer. The person who brings the buyer to the table gets a 10% commission and the members vote on if they sell or not. Everyone is working to sell and the harder they do, they get rewarded. (unless you get it into an auction and noone earns the 10%) No 1 or 2 people would be able to control the decision making.

 

[SlimPickins]

i would also be interested in being a part of a group, provided the already asked questions/concerns stated above are sufficiently adressed....

Josh: chad' account being closed has nothing to do with this thread, but rather apparently violating auction rules in a thread of his here:

http://www.namepros.com/domains-for-sale-auctions/551006-42-auction-lots-lpeo-com-stockbuyer.html

whether its temporary or forever, i have no idea.... so

 

[ZandyMan]

I would be inclined to do this with people in my area with whom I could meet in person.

 

[metronome]

I think 7 people is too many. even 5 is too many. since you are going to do it with people you are going to trust.

 

[skylineleong]

I would also be interested in being a part of a group, inverst between 500-2000. 3 person is enought.

Type of groups: (3 persons)
One person is leadership.
Two person is making decision.

 

[-AR-]

This whole thing sounds good. But many other people said, Trust is a big issue here.
So whats happening with this anway? anyone got any info?