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Originally Posted by gardenplant  They did a kind of consortium thing on namepros(dot)com last year. They set a limit of 20 members and each member put their money or what they could afford into a pot and they would have votes between them as to what domains to bid on at snapnames.
Obviously the amount of money you put in at the start would decide your percentage share of the profits once you came to resell it. It was a quick turnover thing (flipping the domain) so they wouldn't sit on it for too long and reinvest it. Gradually they would go up the rungs of the lucrative domain ladder. That was the plan anyway. I don't know whether or not it worked out, as when they got their 20 members they conversed privately off the forums so people wouldn't know what they were bidding on in snapnames and compete with them.
Anyway I think it would be a good idea if acorn domains did a similar sort of thing, perhaps letting one of the admins of the site take charge and we pool our money with them to ensure fairplay and security.
Anyone have any opinions on this?.
Andy. |
Wouldn't really work with .uk as there isn't a bidding type drop system. Majority of names that drop go into the hands of private catchers who pay £5.88 inc vat for them.
So that leaves you with secondary market purchases of which there's little profit to be made "flipping" them or contacting end users/owners of decent generic names and offering them below market rate which i'm sure people prefer to do by themselves (it doesn't take 20 people).
The only way in which I think it could work is if say 20 people put in at least £10k each to buy a 1st class generic to develop into a revenue making website and pooled resources and technical knowledge for development.
The above wouldn't be worth doing with anything less than £200k though IMO.