As I recall we did something like...
if price < x, commission = y%
price > x, commission = y-5%
Regardless, hard to have a perfect transaction in this kind of thing from a buyer's point of view because by default you have imperfect information. Such is life.
I've done something similar. Base rate plus anything under "x" I get a percentage of the "savings". But for me it's less of an issue as I do this mainly for fun. I did it for free in the beginning but it ended up taking to much time so I started to charge to slow things down. I just had a deal where I bought a domain for $3000 less after my buyer already had agreed to the sellers price and the deal was done. I smelled blood in the water so I got the seller (w/o the buyers knowledge) to lower the price more just for the fun of it.
In general I will see what the budget is for the purchase and if not reasonable won't take the assignment at all.
Comments
How much did you pay for gengo.com and how much did you pay the broker to act as the go between?
I can't disclose exactly. Roughly a junior developer's salary.
It was owned by someone who's name is actually Gengo, and had a business predicated on the name. So he was reluctant to sell.
The broker got between 10-15%.
If the broker gets 10-15% how are your interests aligned? They couldn't possibly be motivated to get you the best deal on the domain.
(I've been doing this since 1996...)
As I recall we did something like... if price < x, commission = y% price > x, commission = y-5%
Regardless, hard to have a perfect transaction in this kind of thing from a buyer's point of view because by default you have imperfect information. Such is life.
That's good.
I've done something similar. Base rate plus anything under "x" I get a percentage of the "savings". But for me it's less of an issue as I do this mainly for fun. I did it for free in the beginning but it ended up taking to much time so I started to charge to slow things down. I just had a deal where I bought a domain for $3000 less after my buyer already had agreed to the sellers price and the deal was done. I smelled blood in the water so I got the seller (w/o the buyers knowledge) to lower the price more just for the fun of it.
In general I will see what the budget is for the purchase and if not reasonable won't take the assignment at all.