This sale, legit or not, clearly does not belong in the Fixed Sales section.
Yeah, I got sucked into to it too, kind of like SPAM
"Your order #2921 could not be processed":uhoh:
"Order Viagra today and recieve 29.21 off!!!":veryangry:
Dotzup will loan you money on future earnings. There is no minimum payback time or pre-payment penalty. Sounds like the best option for your situation.
To answer both namewaiter and 1john2004, my business is having financial difficulties, and we need to raise some short-term cash, but there's no need to sell the entire domain for so low a price. It's going to take a few months to work with several potential buyers, at which point we'll sell at a fair price at auction. Unfortunately, we simply can't wait that long to get out of our current situation, :worried: and so thus, my post.
Now, biggedon (the Moderator) has politely asked me to please encourage everyone to contact me offlist, either through PM or email, out of fairness to the other people selling their domains. Please do so.
S/he has also asked me to post the progress of this sale, so in that interest, we have now sold two units, and thus there are eight remaining.
EXCELLENT IDEA...YOU SHOULD BE A LAWYERActually according to a recent press release on this "The Dotzup domain financing program was designed for the owners of domain portfolios with existing revenue from parking. With NO appraisal fees, pre-payment penalties or set-up costs, this program will provide domainers with short term advances or long term loans. Within 45 days we can evaluate your traffic and provide a loan commitment. We plan on keeping the loan review and closing process as lean and straight-forward as possible"
Since the name is currently not parked with them there is no revenue to base a loan/advance on and I assume the seller needs funds quickly.
Why not seek a $10K loan from 1 party and payback $15K at time of sale?
Set a reasonable reserve at say $50K
Park the domain at moniker until it sells
Have a lawyer draft the agreement so all parties involved are happy
It sold at $115k, so anyone that bought a share lost money.