*Grow my very successful Domain Name Business
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 19% |
| Lender Rate: | 18% | Borrower: | DomainStrategies |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-11-14 | EricsCC ROI: | 17% |
| Status History | |
|---|---|
| Nov 13, 2007 | Current |
| Jul 26, 2008 | Payoff in progress |
| Jul 31, 2008 | Paid |
|
Purpose of loan: I currently have a portfolio of 500 domain names with some of the rarest and best names in the world including: - OrlandoTravel.com (Current developed site) - Gamble.us - Dinner.tv - MovieReviews.tv - RapidMoney.com Domain Names, in case you're unfamilar with them, are like online real estate and prices are rising at astounding rates. Businesses are finally realized the power of having a great name and are paying millions for them (see dnjournal.com for all the biggest public sales each week). I'm looking for a great financial partner(s) to help move my business forward. With an additional $25k I would look to buy another big domain name. At today's prices, I'd expect to afford a strong 2-word generic with natural type-in traffic and, more importantly, one that I can develop. I'd consider myself an expert in this field and appreciate your consideration in helping me build my dream. My Professional Background: I have a BS in Marketing followed by extensive experience in Marketing and Brand management including: - 6 years managing the national advertising for Lexus automotive - 2 years as a Sr. Marketing Manager for an INC 500 technology firm - Currently a Sr. Brand Manager for one of the largest newspaper companies in the US I'm very smart, well-experienced, trustworthy, and successful. Feel free to contact me if you'd like to view my linked-in profile or resume. My financial situation: My "B" credit score is due to the debt I've incurred building my portfolio of names. 80% of my current debt ($60k total) is from purchasing names, but the revenue they earn in PPC advertising alone ($2,000 per mo) is more than double my minimum monthly loan payments. This excludes my 6-figure income in my regular career and the upcoming affiliate revenue from my newly developed site OrlandoTravel.com which is expected to generate $4000 per month once the SEO and SEM campaigns start to take hold (expected in 6 months). I'm very comfortable managing my debt and hope you can see that my income from my current job(s) far exceed the payments on my outstanding debts. Monthly net income: - Current Career = $7,500 net per month - Existing Domain Portfolio Revenue = $2,000 net per month Monthly expenses: Housing: $ 2,600 per mo. (short-term rental) Car expenses: $ None Credit cards and other loans: $ 60,000 (80% is from purchasing of current domain names) |
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