Ya gotta go with the standard credit card deal of 0.00 % interest for 29 days (with 0 hour being a random timezone you pick when the mortgagee is asleep)...then it jacks to at least 29.99% compounded back to the first day. Bank draft only so another 2-4 work days in your favor as the bank. 91st day you reposess the site and the person still owes you the fees on top of it for the stick. Max amount of the mortgage is 10 x proven monthly earnings or the amount on valuate.com (bank chooses which).
What would I take as collateral, though? I mean, the domain name would just shut down their business, but would leave me in the red if they go ahead and default on the 'mortgage.'
Originally Posted by javanx3d
Will wait with interest to see how Kovich evaluates those rates:cool:
You need a mechanism in the process that in case of default you get the site content and URL so you can proceed to sell the site 100% to recover the pledge cash payout
Originally Posted by Kovich
You are always going to get a lower price in a pawn shop than selling at auction or through a dealer. What a pawn shop offers is speed. Usually they ask you if you want a loan or to sell. In the end, you probably aren't any better off than listing the site for sale on the forums.
Selling a website is kind of like selling a house. Both can take a little time to sell for the right price. Both need to be fixed up a little to get the best price. Usually before you sell the house, you paint it and fix the obvious problems. Just like in real estate, you will find the flippers as well.