I have been asked a few times if I would list or lease other people’s domains, it’s not something I am particularly interested in at present, a pretty good example of why not happened this weekend and went like this:
I enquired about a nice one word UK domain, offered some money but the owner who had the domain since 1996 and ran a small unrelated business on it wanted £40,000. Far too rich for me but rather than walk away I decided to ask if he would consider letting me broker the domain for lease or sale as his asking price of £40k was not entirely unreasonable and I had a couple of people I felt I could hit up and offer the domain to.
So I needed to know 2 things
1/ What’s the lowest you would take for a sale, to which he replied £35k
2/ Would you consider a lease to buy, for example lease it for £400 per month with an option to buy built in for £40k thus enabling a buyer to build on it and buy once they got going, YES the owner replied.
I worked over the weekend sending emails and answering questions on this domain and yesterday agreed a deal with a pair of businessmen, they were happy to lease the domain on a 2 year lease for £500 per month with an option to buy for £50,000 written into the agreement. Pefectimondo I thought, this was much better than I had suggested and should surpass the owners expectations. Even though I would take 15% commission this would still give him £425 per month and a possible domain sale of £42,500
The domain owner agreed to phone me this afternoon and after thinking it over he decided that £500 per month probably wasn’t worth changing his stationery and moving his buiness, this completely contradicted his earlier conversation where he told me he was looking to sell the domain and had been actively moving all the important things away from the site over the last 12 months. So now the deal is dead and I’m pretty annoyed, it’s my own fault for acting in good faith and believing what I was told, I’m also going to look like a twat going back to the businessmen and telling them the deal I offered them is not going to happen.