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- Oct 13, 2008
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Anyone using the lease to own option on Dan with any success?
My reason for asking is, I'm assuming some potential buyers who visit Dan are clicking on the "Buy a domain" link on the home page menu, and on that page it says:
It doesn't mention that sellers may or may not offer the lease to buy option, so potential buyers may assume they can lease any domain.
I've sold by monthly payments a long time ago, but the buyer had to be sent repeated payment reminders each month, so I turned the lease option off after that.
This last week I've had 2 buyers asking to pay monthly, one was happy to pay £1,950 if he could purchase it over 24 months, I told him I didn't offer lease to buy as it wasn't worth my time, because after fees and vat it would only be £66 per month, he persisted and said he'd be happy for me to even increase the price to make it worth selling, as he wants to spend on marketing, rather than the domain outright, I declined.
The other buyer offered £950 for a domain and said that was his limit, unless payment terms were available, again, I wasn't interested in leasing and as I wasn't crazy about the domain, I decided to accept the £950 to close it.
I'm pondering turning the leasing option back on, although I'm not sure I'd want to do leasing over very long periods like 2 years or more, it would depend on the domain and price.
@Sam on @Helmuts recent live stream mentioned in passing that he was using it, and said he was getting sales that way, would you care to elaborate a bit on that, Sam?
What sort of domain price ranges are you selling at, and what monthly buy to lease durations are you selling over etc?
Cheers.
My reason for asking is, I'm assuming some potential buyers who visit Dan are clicking on the "Buy a domain" link on the home page menu, and on that page it says:
Here’s how it works:
1. Search our database
2. Find your dream domain
3. Purchase, rent or lease a domain
It doesn't mention that sellers may or may not offer the lease to buy option, so potential buyers may assume they can lease any domain.
I've sold by monthly payments a long time ago, but the buyer had to be sent repeated payment reminders each month, so I turned the lease option off after that.
This last week I've had 2 buyers asking to pay monthly, one was happy to pay £1,950 if he could purchase it over 24 months, I told him I didn't offer lease to buy as it wasn't worth my time, because after fees and vat it would only be £66 per month, he persisted and said he'd be happy for me to even increase the price to make it worth selling, as he wants to spend on marketing, rather than the domain outright, I declined.
The other buyer offered £950 for a domain and said that was his limit, unless payment terms were available, again, I wasn't interested in leasing and as I wasn't crazy about the domain, I decided to accept the £950 to close it.
I'm pondering turning the leasing option back on, although I'm not sure I'd want to do leasing over very long periods like 2 years or more, it would depend on the domain and price.
@Sam on @Helmuts recent live stream mentioned in passing that he was using it, and said he was getting sales that way, would you care to elaborate a bit on that, Sam?
What sort of domain price ranges are you selling at, and what monthly buy to lease durations are you selling over etc?
Cheers.