Buying a Domain From GreyWing
Regrettably, I cannot sell domain names directly after acquiring them; they must first go through Domainlore. This arrangement is part of an agreement with a third party, stipulating that the recently caught domains must be listed for auction on Domainlore. Despite attempts to negotiate a buyout of my partner's 50% ownership for the domains I wished to retain personally, it has been a no go.
On one or two names, it can be very frustrating, but in the long run, sticking to an agreement like this cuts out a lot of disagreements on how to value a name and split the money evenly. I know he/she is right to stick to their agreement, no matter how much I’d like it to be different.
While we are open to selling domain names that no longer align with our plans, we are hesitant to sell domain names designated for our ongoing projects. Listing which domains fall into each category would be a time-consuming task. The quickest approach is to contact us through the 'Contact GreyWing' option and send a request for more information about the domain name. We will strive to respond within 48 hours.
It's important to note that we don't acquire or register domain names for the purpose of resale; our focus is on developing them into real businesses in the future. With the exception of recently caught domains, it's unlikely that we will be looking to sell the domain name. There are some names that we consider vital to our future and wouldn't consider selling, regardless of the offer.
Partnering With GreyWing
Unfortunately, I'm not open to it anymore. Although I've been involved in several of them in the past and still have ongoing commitments, the experiences have been challenging. I've faced numerous setbacks, lost many friendships, and most industry peers I've spoken to share similar sentiments—they rarely work out positively. My focus now is on valuing friendships more than any potential monetary gain from such ventures.
If I can help anyone out with advice or doing favours, I'll do them free of charge and without strings attached. It's just cleaner doing it that way.
Yes, I do. I currently have a smaller number of joint ventures and partnerships with some very good friends, relationships that have spanned over 10 years. Thankfully, they are still going very well and proving to be beneficial for all involved.
That’s a very tricky one, and the only answer I can give is both yes and no, although the reasons I would say yes have diminished a great deal over the years. Here is my opinion on when a joint venture (JV) would work.
I believe JVs have a greater chance of success when different parties bring different skill sets. For example, in the context of catching domain names, one person brings coding skills for the scripts, while the other brings their Tag. Both parties are equally essential for the transaction to work. If one party doesn’t need the other, it often leads to breakdowns as one is tempted to go it alone when they feel they are contributing more than the other.
Before embarking on a JV, it's crucial to define what failure is and establish a plan for splitting if things go south. For instance, setting a benchmark like if turnover is less than £10,000 after 6 months, the agreement is to split, and there's a predefined process for handling assets. Clearly defining failure is critical to avoiding it.
Overall, if you are semi-established with the ability to go it alone, that would be my recommendation. A business benefits from having one boss, making the chain of accountability easier to follow and the vision of the business more transparent.