Payment Plans (1.Viewing)

I've sold a handful of domains on payment plans over the years, but agreed to a new one giving me 3 current monthly payment plans. Of course cash up front is nice, but I don't mind the recurring income, especially if I could get the volume up 10x... It is a slight pain-in-the-ass though. Thankfully all 3 just e-transfer the funds each month, so its about as simple as it gets.

Anyone else having luck with leases/payment plans?

Dan.com does that seamlessly and if the lessee misses a payment the domain goes right back into your account.

I did a couple but it stretched the sale out over 5 years and quite honestly in the price range we are selling for there is no reason why the business cannot self finance so I decided not to do any more.

I hate having to do things more than once and even making monthly booking entries are too much of a pain in the butt for me. Get it done and move on is my philosophy.

I started listing on Dan around October last year, and since that time kept adding names in batches so now have just over 700 names on there, with probably 200 - 300 more I will add when I get to it.

In March I had two inquiries within a few days of each other, and both lead to quick sales.

That is the only action I've seen so far, no other inquiries yet.

I have the lease option turned on for most of the names, anywhere from 12 months to 60 months. More months for higher priced names. In theory I think it's a great option to offer and might lead to some sales you might otherwise not get, but so far pretty quiet all around.