Ross
Top Contributor
Hey Guys, (See full post here http://www.dnmarket.com.au/domain-competition.html)
There’s been a lot of talk on DNTrade about developing domains rather than parking them.
We all agree that parking is a waste of time and each of us has an opinion on the best way to develop and monetise domains (minisites, lead generation, affiliates, etc).
So I decided to start a contest and throw $500 in the mix… along with the bragging rights of being the Australian Money Making Master (AMMM).
How does it work?
Contestants will develop 1 of my domains (using a revenue sharing agreement – U get: 60% - I get 40%).
The person who makes the most money will get $500.
Contest runs in 2 stages:
* 2 Month Stage => Winner gets everything they earned + $200
* 6 Month Stage=> Winner gets an additional $300 and is crowned AMMM
Everyone else gets to keep 60% of revenue generated from their domain (except for the first 2 months where they get 100% of the revenue).
Example Scenario
If you win and your website produced $1,000 a month, you will get:
2 monthly incomes + winner of 1st contest + 60% of monthly revenue for 4 months + winner of 2nd contest
2 * $1,000 + $200 + 4(60% * $1,000) + $300.
That’s $4,900 in 6 months… plus 60% of future revenue from the site.
Why should you do this?
* Access to my best domains
* Have fun and show everyone your skills (while being the AMMM)
* Generate regular income from the domain
Timeline
Feb 8th Contest Announced
Feb 13th Proposals due
Feb 15 Contestants announced + Comp Starts
April 16th Competition closes, Winner anounced + gets $200
Apri 19 Stage 2 begins with monthly updates
Oct 15 Stage 2 closes and winner gets $300
* Some variation to the timeline may occur
Becoming a contestant
* Email me a list of 5 domains in order of preference
* For your top 4 domains, describe how you’re going to monetize it
* Mention the backend as well (e.g. Joomla, WordPress, etc)
* The proposal should be no longer than 1 page – bullet points is ideal
Judging Criteria (in order of importance)
1. Amount of money generated from the site during contest
2. Size and sustainability of future earnings
3. Amount of unique content on the site
4. A poll conducted on DNTrade with members voting for the winner
5. SEO, Page Rank, and visual appeal
FAQ
Just make sure you read all the questions before posting… in case they’ve already been answered.
Who will own the domain?
I will own the domain and you will own the content. Apart from the first 2 months (where you get 100% of revenue generated) we’ll split everything (60%you - 40%me).
Can I use my own domains?
No, only my domains can be used for the contest.
How long is the arrangement?
The domain partnership will be for 3-5 years minimum… and hopefully forever as we’ll both benefit if the site makes money. I’ve never sold a domain yet… they’re an investment.
Are there any termination clauses
If after the 6 month process the website is making less than $20 a month, just give the domain back. But come on… I’m sure everyone can make $20 a month on a domain.
Can I sell the site later?
Maybe … but both of us need to agree to do this
Do I need to show you earnings for the domain?
Yes, this is needed to judge the contest and to make the relationship transparent
Do I need to give you the passwords?
No, the content is 100% so I don’t need access to the site… knowing that you’re making money is what really matter to me.
If I have questions should I email you?
No, I don’t want any private emails… just post questions on forum… as other people will benefit from them as well.
This makes the process transparent and also easier for me as I don’t have worry about answering emails
The only email I would like to get from you is the competition proposal.
How will the prize money be paid?
I will EFT you the money… just need an invoice with an ABN (we’re all professional here).
What should the backend for the sites be?
Strong preference is for an open source systems such as Joomla, Wordpress, Drupal
Can I use Adwords to drive traffic?
Yes… but the cost of the ads will be deducted from revenue to get net earnings.
Can I build an adult site?
Of course… I have nothing against porn… as long as it’s legal and appropriate
How can I follow the contest?
I will be making updates – at least once a week
Where are your domains?
http://www.dnmarket.com.au/domain-competition.html ... just scroll to the bottom
If I’m accepted as a contestant, do I need to sign an agreement with you?
Not really… I trust you. Reputation is the most important thing we have (especially in this small community)… which should give everyone an incentive to do the right thing.
There’s been a lot of talk on DNTrade about developing domains rather than parking them.
We all agree that parking is a waste of time and each of us has an opinion on the best way to develop and monetise domains (minisites, lead generation, affiliates, etc).
So I decided to start a contest and throw $500 in the mix… along with the bragging rights of being the Australian Money Making Master (AMMM).
How does it work?
Contestants will develop 1 of my domains (using a revenue sharing agreement – U get: 60% - I get 40%).
The person who makes the most money will get $500.
Contest runs in 2 stages:
* 2 Month Stage => Winner gets everything they earned + $200
* 6 Month Stage=> Winner gets an additional $300 and is crowned AMMM
Everyone else gets to keep 60% of revenue generated from their domain (except for the first 2 months where they get 100% of the revenue).
Example Scenario
If you win and your website produced $1,000 a month, you will get:
2 monthly incomes + winner of 1st contest + 60% of monthly revenue for 4 months + winner of 2nd contest
2 * $1,000 + $200 + 4(60% * $1,000) + $300.
That’s $4,900 in 6 months… plus 60% of future revenue from the site.
Why should you do this?
* Access to my best domains
* Have fun and show everyone your skills (while being the AMMM)
* Generate regular income from the domain
Timeline
Feb 8th Contest Announced
Feb 13th Proposals due
Feb 15 Contestants announced + Comp Starts
April 16th Competition closes, Winner anounced + gets $200
Apri 19 Stage 2 begins with monthly updates
Oct 15 Stage 2 closes and winner gets $300
* Some variation to the timeline may occur
Becoming a contestant
* Email me a list of 5 domains in order of preference
* For your top 4 domains, describe how you’re going to monetize it
* Mention the backend as well (e.g. Joomla, WordPress, etc)
* The proposal should be no longer than 1 page – bullet points is ideal
Judging Criteria (in order of importance)
1. Amount of money generated from the site during contest
2. Size and sustainability of future earnings
3. Amount of unique content on the site
4. A poll conducted on DNTrade with members voting for the winner
5. SEO, Page Rank, and visual appeal
FAQ
Just make sure you read all the questions before posting… in case they’ve already been answered.
Who will own the domain?
I will own the domain and you will own the content. Apart from the first 2 months (where you get 100% of revenue generated) we’ll split everything (60%you - 40%me).
Can I use my own domains?
No, only my domains can be used for the contest.
How long is the arrangement?
The domain partnership will be for 3-5 years minimum… and hopefully forever as we’ll both benefit if the site makes money. I’ve never sold a domain yet… they’re an investment.
Are there any termination clauses
If after the 6 month process the website is making less than $20 a month, just give the domain back. But come on… I’m sure everyone can make $20 a month on a domain.
Can I sell the site later?
Maybe … but both of us need to agree to do this
Do I need to show you earnings for the domain?
Yes, this is needed to judge the contest and to make the relationship transparent
Do I need to give you the passwords?
No, the content is 100% so I don’t need access to the site… knowing that you’re making money is what really matter to me.
If I have questions should I email you?
No, I don’t want any private emails… just post questions on forum… as other people will benefit from them as well.
This makes the process transparent and also easier for me as I don’t have worry about answering emails
The only email I would like to get from you is the competition proposal.
How will the prize money be paid?
I will EFT you the money… just need an invoice with an ABN (we’re all professional here).
What should the backend for the sites be?
Strong preference is for an open source systems such as Joomla, Wordpress, Drupal
Can I use Adwords to drive traffic?
Yes… but the cost of the ads will be deducted from revenue to get net earnings.
Can I build an adult site?
Of course… I have nothing against porn… as long as it’s legal and appropriate
How can I follow the contest?
I will be making updates – at least once a week
Where are your domains?
http://www.dnmarket.com.au/domain-competition.html ... just scroll to the bottom
If I’m accepted as a contestant, do I need to sign an agreement with you?
Not really… I trust you. Reputation is the most important thing we have (especially in this small community)… which should give everyone an incentive to do the right thing.
