For Sale Yesterday we signed our first domain lease

[DropWizard.com]

The article is here

 

[stewie]

Congrats!!! :yo:

 

[BiggieBiggie is verified member.]

nice job



i'm assuming it's a .ca, since you posted in this section

 

[Adam DickerAdam Dicker is verified member.]

Awesome!

Adam Dicker

 

[foundrstack]

Congratulations! But curious as to why they just wouldn't buy the domain? Was their offer lower than your asking price or did they want to lease from the get go?

 

[pioneers]

thats excellent news Gordon!!

Steve

 

[Spex]

Excellent, good job!

 

[hugegrowth]

Was it a .ca, and are they targeting the Canadian market only or global market?

I'm surprised at the guaranteed xx,xxx yearly income, and that they didn't outright offer to buy it, if it can make that kind of money. I guess this way it reduces their upfront cost and ties compensation to the site performance.

It seems more like a lease/partnership, where the domain owner earns more if the site does better?

Do you own the 8 other domains they're interested in?

Great news and would love to know the domain or market it relates to. Must be highly premium. This is a dream situation for a domainer investor, or even better!

 

[hugegrowth]

If it's a .CA, this will likely be the top .CA news story for 2013.

Just my guess, but is it a California city name?

 

[airmax]

I am surprised, they didn't throw out a large enough offer, for you to take the sale outright.

Most likely they didn't have those type of dollars in place to market at this point, and it is all contingent on the success of executing the business plan. This is why leasing works, the risk is all theirs, the reward is yours either way, if you paid little, or reg'd the name yourself. Congrats...

 

[hugegrowth]

I thought this thread would get a lot more action, still a lot of details I'd like to know.

 

[Mazkel]

Congrats!

 

[DropWizard.com]

Congratulations! But curious as to why they just wouldn't buy the domain? Was their offer lower than your asking price or did they want to lease from the get go?

My wife asked that question too right off the bat. They are targeting and building out for a major industry. The domains they already working with would have cost them several million already. This way they get the best of both worlds easier entry cost and yes it will cost them in the long run. Assuming they are successful.

In this particular case there are two domains with alternative keywords. Think like car and auto. They own one and have developed it and are ready to launch. They came to us for the alternative (better keyword) so they can piggy back their sales calls. They sell geo targeted advertising all across the US and the domains are both generic and very industry specific.

 

[hugegrowth]

What is the domain they already had and are ready to launch? And is it a .ca? PM me if you want, I'll keep it mum

 

[DropWizard.com]

Sorry but until we are further along and have the other 8 domains locked down I want to keep this to myself.

 

[hugegrowth]

Ok, can't wait to hear more! But we are talking .ca's here, is that right?

This is a pretty huge story for domains.

 

[Raider]

If you don't mind me asking, what formula or percentage do you use in deriving a lease price?

Congrats BTW

 

[silentg]

Congrats on the lease deal.

 

[COR]

According to Rick's blog, this is a .com domain and not a .ca domain.

Congrats on the lease. That's awesome.

 

[hugegrowth]

Yes, he just updated his blog to that effect.

Was hoping it was a .ca!