The credit crunch may be hitting hard but it can have a positive effect in that businesses work harder to secure their dominance of a niche and are open to new ideas.
I have talked before about domain leasing and having some good domains ranked being my preference and for some of those I have been using aeiou.com which at $250 for a mini site isn’t cheap, I have 3 sites done now by aeiou.com and 2 more in production, all 3 rank which raises their profile and makes them more desirable.
Just agreed a deal on a domain to lease it out for 3 years at £100 per month with an option to buy it written in for £30,000, even with spending $250 on the minisite it means that after 2 months I’ll be paid back completely and at the end of the lease agreement I’ll be £3400 up with the possibility of an end sale of £30,000 or the lease could get renewed. As per my last lease I added to option to raise the rent a maximum of 50% and first refusal to renew to protect the lessee.
It’s a great deal for both parties and again shows that there is a demand for this if it’s done right, it’s slow progress though, this is my 3rd lease and again it took me sending out quite a few emails to make contact, it’s not easy and not for those that lose interest quickly.
2 of my lease deals have options to buy in them so at present the state of play is:
£675 per month in lease income (with £37,000 in options to buy written in)
Talking of leasing I decided yesterday to get my head down and start working on lease cars, it’s my second voyage into using WordPress and I think this site is looking good, it was a very productive Sunday but entering the 600 car models is proving really boring which I’m meant to be doing today and tomorrow, kind of looking for any excuse to take a break .. still better get back to it……. “I’m a one man band”