discuss Domain Microfinance Program

[Rob Monster]

As some folks here know, I am a big fan of Digital Empowerment projects that scale.

Over the last year, I have seen lives transformed by people becoming successful domain investors on a bootstrap.

I have been discussing with a few folks about introducing a Domain Microfinance program for emerging economies and for young entrepreneurs.

This could be a Digital Empowerment strategy for helping people to bootstrap domain portfolios. The idea was inspired by a discussion with a young Angolan.

The idea is this:

- People apply to get a microfinance grant. To get the grant, they have to verify their identity. This is done in order to prevent repeat applicants.

- Domains registered are limited to .com. With a budget of as little as $30, right now that is about 5 .com domains at a promo rate of just $5.49.

- The domains are powered by an SSL powered landing pages which domain owners can optimize and then use to sell or lease.

- Once the grant participants generate a certain level of sales or leases, e.g. $100, they can request an interest-free domain loan based on their portfolio.

 

[platey]

The domain name Investing community could help get people out of traditional debt by using digital assets which traditional financial organisations cannot currently do

And here's why it needs to be done and how it can be done

Too many people are in a right financial pickle and heavily in debt they will never be able to get out of debt ever but we are also living in one of the best golden era s in history when digital assets can be bought for £10 but are worth considerably more instantly because the world in general is still digitally fast asleep

But domain name brokers if they pooled resources Eg if domain name brokers formed their own company and acted as a digital pawnbroker that could offer domain name investors small loans from £5-10k etc against domain name investors portfolios so that domain name investors can use their digital assets Eg their domain name portfolio as digital collateral to borrow traditional money to pay of traditional debt and get more people out of financial debt because it needs to happen and will happen either via bitcoin or libra coin or domain names all of which are digital assets or digital currency etc none of which traditional financial organisations understand and as such far too many people are waking around heavily in debt needlessly whilst owning digital assets which could be used to pay off their debts and make more people debt free quicker because Facebook and Google advertising dollars are doing just that in as much as giving people financial advertising dollars as a thank you for uploading digital assets Eg vlogs on to their platform etc

Zuckerberg will be able to achieve this even faster with libra coin Eg redistributing the world's wealth by pulling people out of poverty by being able to give them libra coin to pay off debts and live a better life

But it all starts with an idea similar to the idea of op

 

[ERaj]

It is great idea and it will work in developing and other countries where young entrepreneur like to come into domain market place. In today time people looking for good and great option to start with. We know that Financial Microfinance transform the life of millions therefore and it is new vision to transform the life of young entrepreneur in rural, semi-urban area in world through Domains business.

 

[sellnow]

Its need long time to implement in some countries, there are different on culture , local mindset , and many more.