Domain Investment Club

[billinchina]

Usually in investment clubs, 5 to 10 people get together and donate $50 a month to a common pool for buying stocks. Maybe a couple of us could get together and contribute to a common PayPal account each month and then look for a good domains in our spare time. After a few months (when we get a few thousand dollars), we could buy one of those really good names we found available in our spare time (voting would take place of course). Keep doing this... Then when we sell a name, the proceeds go into the common Paypal account. PPC rev. also goes into the common PayPal account. If you want out, you get your share of the assets (if they are tied up in names, you'll have to wait until one sells to get out). Must have a 1 year commitment which is renewable every year. Must give 60 days notice before club membership expires if you want to get out (or suffer penalty). Common PayPal account should be managed by third party to keep thiefs from stealing others money.

I think it would be fun for 10 or so of us regulars to get together and do something like this... We could probably make arrangements with an escrow service to handle our PayPal account if we agree to use their service in the selling of our names.

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I will revisit this thread on Wednesday, June 16, 2004 to create a list of those who are serious.

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Update on Friday, June 18, 2004

Here is the list of who is interested so far:

billinchina
-RJ-
SY4
maddogsplace
Redleg
silverman567
filth
redhippo
bensontwenty
johnny6
rabid_nerd
companyone
spikedo
FMS
todalen
DomainOgre
domainlab
brassneck
4u-domains
dgaussin
Terry
Darkfire001
Sell-Web
Grrilla
ezimedia
painperdu
rube08
AdsenseGuy
ajibra

Please let me know if you would like to be added or removed.

Here are some basic rules for the domain investment club. Please provide feedback and help shape this into something useable.

Domain Investment Club Rules

1) Each club will have 20 members that all agree on:
a) The maximum amount the club will save until they buy a name.
b) The monthly amount they will contribute.
c) Which escrow service to use. The escrow service must agree to accept 20 separate payments and make 20 separate disbursements.
d) Who will place the offers on behalf of the group and deal with the escrow service.

2) Each member will set aside an amount of money in their own personal or business PayPal account each month (think of it as a piggy bank).

3) Every week, each member will provide at least 1 suggestion of a name for the club to consider buying (max 10).

4) When the club saves up enough to buy a name (maximum amount needed to save), they will vote on which name to place an offer on.
a) Every member will rank their top 30 picks at that time.
b) Every member will transfer their money to the escrow service.
c) A 7 day offer will be made to purchase the name with the most votes. If the offer expires, the process of voting will be repeated 7 days after the offer expires. This will continue until a name is finally purchased.

5) When a name is purchased, the group will vote on what prices to specify.

6) If an offer is received, the group will vote on whether to accept or decline.

7) When a name is sold, 20 equal disbursements will be made (1 to each member).

8) The name(s) will be held in an account monitored by escrow service and listed on all major exchanges (unless exclusive agreements restrict it. ex. Showcases).

I was going to send PMs out to everyone, but there is a time limit between sending messages that makes it impractical.

 

[.edu]

Thats a really good idea

 

[RJ]

I've been interested in doing something like this for awhile but haven't found enough interest from others.

If you can do it, count me in. Let's buy some domains!

 

[Matt]

I could possibly agree to those terms

count me in for now

Rgds
Matt

 

[Mark]

Thought about it several times myself - Could have majority board voting on names to buy !



For all that goes - Could be NP$ Powered !!!! <--- More trusted than others .... lol !!!

 

[maddogsplace]

I know i'm new to this place and such... but i would be interested in this! So would a website be setup for this? If yes, then i can make it.. it would be no problem... But the whole idea is really good!

 

[Redleg]

Hm, sounds very interesting..

I'm in, as long as we can agree on the terms..

 

[silverman567]

Count me in!

 

[Peter]

sounds like a cool idea, i think i would be interested as well if there were more spaces

 

[nonenone]

nice idea

 

[plugged]

Just playing devil's advocate:

Define regular. What about an exit strategy (i.e. someone wants to leave; do they get their money back?)?

 

[billinchina]

There are no terms at this point, just ideas and a general gathering of interest.. So, it looks like me (billinchina), RJ, SY4, Redleg, silverman567 are really interested.. When we get about 15 that are serious, we start pm ing each other...

 

[maddogsplace]

i'm serious

 

[Mark]

Don't start PM'ing - RJ can set up Private chat I believe for the meetings -

Can't You -RJ- ?

 

[redhippo]

i like to join if the "investment fee" is not too high! like to hear more how the rules develop!:gn:

 

[bensontwenty]

count me in guys

 

[billinchina]

We might split into a few groups..

Some might want to spend $100 a month, some $10 a month.. I'd like to personally join a group of 10 that pay $50 a month cause you can find bargains on sites like Afternic and Sedo for around $2K. This way we could have enough to buy a name every two or three months, but 10 people shouldn't get too political (hopefully).

The strategy I personally want to follow is bargain hunting. I'll keep my eye out for names with 'make an offer', or low min offer amounts that don't have a 'buy it now' price.. Eventually you'll find someone that is willing to let their name go who's impatient and wants to sell a name for a change.. My target range for spending is $2K to $5K and expected return is $10K to $15K.

 

[Peter]

I am definately interested in this at a $50 mark cant afford more than that at the moment.

 

[Redleg]

I think it's easies to have just one group who contributes with an equal amount of money each month.
That way it would be easiest to split the profit if someone decides to leave the group...

You should set-up a private chat or forum to discuss these matters.

I really like the idea, when do we start?.. :D

 

[maddogsplace]

i should be able to afford $50 a month, but no higher at the moment.