Quote:
Originally posted by gideongallery
got Renegotiable.com and i got an offer of 5 k from a local credit union who wanted to use it to promote their renegotiable rate loans (Mortgages, lines of credit etc)
I figure it would be worth a lot more to bigger US banks vs a local credit union
Anyone of the bigger players have contacts in the banking industry that you could put out feelers too.
I have no problem sharing the profits from the sale.
hit me up by icq if you have the contacts.
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If you're not happy with their $5K offer, tell them you're looking for a more substantial amount ($30-$50k) but you are willing to license the domain to them for $3-5K/year. Tell them that if you ever decide to sell or receive a buy offer during that year, they will have the "first right of refusal". Let them know they can start using the name tomorrow by licensing it today. This way they can test drive the domain before buying... and you'll even let them deduct their licensing fee if they choose to buy. They obviously low-balled their original offer but you've given them two options, so it's no longer a yes or no situation, it's a win-win. You can even structure the licensing deal as $X,XXX upfront and $XXX per month and they can cancel at anytime, but minimum 6-12 month arrangement. It's up to you... mix & match everyone's advice and find a solution that you're comfortable with and make sure to have a detailed contract.
Good luck.
Let us know how it worked out.