Is Rick Latona out of his mind?
You probably know who Rick Latona is (he's made millions buying and selling domain names) - The guy obviously has a very good business sense.
He posted on his blog recently that he would consider doing a lease-purchase for some of his .com names: Starting out in the domain business? I may have an opportunity for you. | RickLatona.com
I though that was a GREAT opportunity and emailed him expressing interest. A few days later, he sent a mass email to everyone who was interested in leasing a name.
He showed the names he was considering leasing and his acceptable payment terms. What he's expecting for some of these names is astounding.
I'm interested in your opinions - are any of these "good" deals?:
Check it out:
(Option 1)
FrenchRiviera.com -
Year 1 - $400 per month for 3 months, $1000 per month for the rest of the first year.
Year 2 - $2000 per month
Year 3 - $3000 per month
Year 4 - $4000 per month
Year 5 - $5000 per month
Year 6 - $5000 per month
Year 7 - $5000 per month
Year 8 - $5000 per month
Year 9 - $5000 per month
Year 10 - $5000 per month
Then you own the name in full.
(Option 2)
TaxAccountant.com and TaxAccountants.com -
Year 1 - $200 per month for 3 months, $500 per month for the rest of the first year.
Year 2 - $1000 per month
Year 3 - $1500 per month
Year 4 - $2000 per month
Year 5 - $2500 per month
Year 6 - $2500 per month
Year 7 - $2500 per month
Year 8 - $2500 per month
Year 9 - $2500 per month
Year 10 - $2500 per month
Then you own the name in full.
(Option 3)
BalHarbour.com -
Year 1 - $100 per month for 3 months, $500 per month for the rest of the first year.
Year 2 - $500 per month
Year 3 - $750 per month
Year 4 - $1000 per month
Year 5 - $1500 per month
Year 6 - $1500 per month
Year 7 - $1500 per month
Year 8 - $1500 per month
Year 9 - $1500 per month
Year 10 - $1500 per month
Then you own the name in full.
(Option 4)
Rhodes.com -
Year 1 - $400 per month for 3 months, $1500 per month for the rest of the first year.
Year 2 - $2500 per month
Year 3 - $3500 per month
Year 4 - $4500 per month
Year 5 - $5500 per month
Year 6 - $5500 per month
Year 7 - $5500 per month
Year 8 - $5500 per month
Year 9 - $5500 per month
Year 10 - $5500 per month
Then you own the name in full.
(Option 5)
PapuaNewGuinea.com -
Year 1 - $200 per month for 3 months, $500 per month for the rest of the first year.
Year 2 - $1000 per month
Year 3 - $1500 per month
Year 4 - $2000 per month
Year 5 - $2500 per month
Year 6 - $2500 per month
Year 7 - $2500 per month
Year 8 - $2500 per month
Year 9 - $2500 per month
Year 10 - $2500 per month
Then you own the name in full.
Can anyone explain to me how they'd monetize something like PapuaNewGuinea.com? Read the wikipedia page for them...doesn't seem very "monetizable".
For the record, I'm not guru bashing. H's a smart business man. I KNOW if I don't like any of the offers I don't have to take them. But, there's no way these are good deal right?
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