Came across a premium domain in my market which I could probably not afford, and the site is owned by somebody who has had a site "in development" since '98. Was thinking about approaching this person with an offer to help them monetize the site for a cut. Type-in traffic alone would produce money even if I just framed an offer on the site but this guy has nothing going on and it is the most obvious domain possible for this niche.
Problems I see is if someone didn't realize they could have been making money on this site for 10 years instead of trying to (poorly) program it from scratch, then there's a good chance they'll also pass on an easy winner of an offer or screw up what we're doing -
Even if he turns me down for this, there are a few other parked domains owned by individuals (not big investors) where this might be worth a shot.
If it did work out, do you typically create the affiliate account through a 3rd party? Do networks ever split payments if there is a partnership?
Any advice on how best to handle kicking in on ad costs if we do paid search?
I know a contract will be required for this, but I don't want to pay an attorney to figure all this out their first time. If anyone cares to pm the name of a good attorney versed in business arrangements between affiliates and/or web ventures, that would be excellent as well.
Problems I see is if someone didn't realize they could have been making money on this site for 10 years instead of trying to (poorly) program it from scratch, then there's a good chance they'll also pass on an easy winner of an offer or screw up what we're doing -
Even if he turns me down for this, there are a few other parked domains owned by individuals (not big investors) where this might be worth a shot.
If it did work out, do you typically create the affiliate account through a 3rd party? Do networks ever split payments if there is a partnership?
Any advice on how best to handle kicking in on ad costs if we do paid search?
I know a contract will be required for this, but I don't want to pay an attorney to figure all this out their first time. If anyone cares to pm the name of a good attorney versed in business arrangements between affiliates and/or web ventures, that would be excellent as well.