Real Time Anatomy of a Domain Development Deal Unfolding
It's called a "Meeting of the minds" and when that happens, deals are done.
So here is a deal I made over the weekend with just 3 emails.
My name is Xxx Xxxxxx, I have recently looked into starting a xxxxx blog and naturally looked into xxxxxblog.com. I am not looking to buy it as you have made it very clear you aren't in the selling business. However I do believe the domain has a lot of potential to be monetized. It may not become your highest grossing domain due to the nature of the domain, but it clearly has potential.
(He then goes into a bit of his background which I won't publish here)
If interested, please feel free to email back to discuss more,
My Response: "Tell me how you see this unfolding and the earnings potential and how that would be split up."
He replies and tells me his plan and why. He states after that:
"One Idea i have, is you maintain sole ownership of the domain, and i have sole ownership of the content(Just in case either of us decide to part ways.) This would exclude the profit made from the content of course. However, this is just an idea, and am very open to hearing your ideas."
"We split profits 50/50 and we are on our way."
"I will setup a server tonight, and will let you know where to point the domain."
And so we have our deal memorialized in a very strong contract using email and a very clear meeting of the minds. Short, simple and enough to get any entity off the ground.
This is the type deal my 20 year plan was based on and I have multiple ones in place this year. It's a true Joint Venture. Pure, simple, done. Does it mean it will work? No. But it is an effort to try. It will have a chance. It will be a satellite up in orbit and we will see. I will announce the domain name when it gets online.
My contention for these years has been very clear and the only thing between my vision and the reality of today was TIME. Take that deal to Manhattan! You could not get it! Hey, give me half the Empire Stare Building and we will split the profits. How dumb is that today? Because that is the other side of the mountain. The owner of the domain, I mean the Empire State Building would laugh your ass out-of-town today. But if it was sitting vacant, that would be a good deal for the owner and a good deal for the suitor. THAT my friends is what is coming next IF you have domains that not only would others want, but would invest in as well.