Name Guy
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- Jan 12, 2021
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before I launch into the brokerage business I'm developing I'd like to share with anyone reading this, two businesses i started back in the 70's and 80's. While I founded, launched and yes "named" these businesses over 30 years ago they're still in business today. For the record I have no interest in either of these businesses today;
Credit Control Corporation is the first business I started in 1975; https://creditcontrol.net/ Credit Control Corporation currently has over 100 employees and does over 10M a year in what is referred to as "fee income" or revenue. And for those of you who don't have business experience, having 10M in revenue annually doesn't mean you're making money. However my educated guess is the young man who bought the business from me in the late eighties is probably making from 500K to a million a year in profit. The business is a regional debt collection company that collects mostly hospital and medical debt.
Before I move on to the next company I started, I'm only doing this because there were a few members of NamePros who questioned my every move and post, and one member in particular insinuated that I didn't know what I was doing when it comes to the domain/name industry just because I had "named" a couple of businesses in the past. Thus I hope to share enough verifiable information with anyone who cares, that I do know a little about what I'm doing.
The next major business I started in the mid 80's that's also still in business is AcSel Corporation seen here; http://www.acsel.org/ Like Credit Control Corp Acsel is still in business today and is a Medical Billing business that does a little over 3M in fee's for the hospital based physicians it bills for. My partner who is a good friend of mine to this day had a computer science degree from LSU and he wrote software/code that billed the insurance carriers and the patients. Just a quick story behind the name AcSel....when I started the business i originally named it "Accounts Receivable Management Corporation" and we called it ARMANCO for short. After we were in business for about five years we decided we needed to rebrand so we hired an ad agency to help us. After a couple of weeks of maybe two or three meetings we finally came up with the new name AcSel. we all agreed, and my partner wrote the ad agency a check for $2,000. The exercise we went through was OK, but with one problem....i was the one who came up with the name
....no shit
Since then I've named well over a dozen businesses like InQuisitor Investigations, JudgmentScore®, Contact USA (this company turned into a colossal failure), where I lost over a million dollars. One business I still have today, and I run out of my house is National 1099, Inc. I generate about 18K a year from that small business that I started with my brother-in-law in 1987.
Again, I'm sharing this to show anyone who thinks I haven't a clue about the domain/name business that I may just have a little more than a clue.
Moving on....for the third time now I'm attempting to launch a domain brokerage that I believe has the real potential to rival something like a Sedo, an Epik, or someone like a dot Club. I still think the traditional business model where domainers buy names at auction, then list them at sites like Afternic, Sedo, Dan and Sav is seriously flawed. TQM or total quality management teaches there is ALWAYS a better way, and I intend to find that better way with a little help from my friends.
I'm going to stop right here and pick up again tomorrow. I've recently met a few people in this industry who believe I may be on to something, and I hope this exercise can be a learning experience for all of us. Later
Credit Control Corporation is the first business I started in 1975; https://creditcontrol.net/ Credit Control Corporation currently has over 100 employees and does over 10M a year in what is referred to as "fee income" or revenue. And for those of you who don't have business experience, having 10M in revenue annually doesn't mean you're making money. However my educated guess is the young man who bought the business from me in the late eighties is probably making from 500K to a million a year in profit. The business is a regional debt collection company that collects mostly hospital and medical debt.
Before I move on to the next company I started, I'm only doing this because there were a few members of NamePros who questioned my every move and post, and one member in particular insinuated that I didn't know what I was doing when it comes to the domain/name industry just because I had "named" a couple of businesses in the past. Thus I hope to share enough verifiable information with anyone who cares, that I do know a little about what I'm doing.
The next major business I started in the mid 80's that's also still in business is AcSel Corporation seen here; http://www.acsel.org/ Like Credit Control Corp Acsel is still in business today and is a Medical Billing business that does a little over 3M in fee's for the hospital based physicians it bills for. My partner who is a good friend of mine to this day had a computer science degree from LSU and he wrote software/code that billed the insurance carriers and the patients. Just a quick story behind the name AcSel....when I started the business i originally named it "Accounts Receivable Management Corporation" and we called it ARMANCO for short. After we were in business for about five years we decided we needed to rebrand so we hired an ad agency to help us. After a couple of weeks of maybe two or three meetings we finally came up with the new name AcSel. we all agreed, and my partner wrote the ad agency a check for $2,000. The exercise we went through was OK, but with one problem....i was the one who came up with the name
....no shit Since then I've named well over a dozen businesses like InQuisitor Investigations, JudgmentScore®, Contact USA (this company turned into a colossal failure), where I lost over a million dollars. One business I still have today, and I run out of my house is National 1099, Inc. I generate about 18K a year from that small business that I started with my brother-in-law in 1987.
Again, I'm sharing this to show anyone who thinks I haven't a clue about the domain/name business that I may just have a little more than a clue.
Moving on....for the third time now I'm attempting to launch a domain brokerage that I believe has the real potential to rival something like a Sedo, an Epik, or someone like a dot Club. I still think the traditional business model where domainers buy names at auction, then list them at sites like Afternic, Sedo, Dan and Sav is seriously flawed. TQM or total quality management teaches there is ALWAYS a better way, and I intend to find that better way with a little help from my friends.
I'm going to stop right here and pick up again tomorrow. I've recently met a few people in this industry who believe I may be on to something, and I hope this exercise can be a learning experience for all of us. Later
