One thing I’ve learned over the years is that there are companies and people who are happy to accommodate their customers when it is needed. I understand there are companies in the domain space who are willing to make special payment accommodations to customers in order to win or keep their business.
If you are doing a large deal with a company or if you are buying or transferring an extraordinary amount of domain names to a different registrar, some companies are willing to give special payment terms so the customer doesn’t have to deal with such a massive payment at one time. It makes sense to do this because many banks or other lenders won’t offer to help a domain owner finance domain names, and industry companies may be able to do their own due diligence first.
I would imagine most of these deals are privately negotiated and aren’t publicly announced or advertised. As such, someone who would like to get special payment terms would need to ask the right person. Account managers or business development staff (depending on the company) might be able to guide you. Many companies won’t offer special accommodations, but it doesn’t hurt to ask if it can help your business.
Personally, I don’t like owing anybody any money, so this is not something I would do unless I really needed it. However, it is something people might consider the next time they have a big expense and want to work out a favorable payment plan.
Good article Elliot.
A number or registrars offer terms in Australia (for bigger customers). But you have to ask for them. ๐
Sorry – should read “of” not “or”.
Good reminder Elliot of the adage: ‘if you don’t ask, you can’t get’
Also, just because a company in past perhaps was less accomodating doesnt mean that it may not be so, currently. In Business as in other realms, circumstances change.
Prosperous New Year wishes to all
Good article, I think a lot of people don’t realize they can special terms if they just ask the question. At Lendvo we’ve seen a few deals like this related to moving domain parking portfolios.
This is an interesting take since it should help people reach a close on many deals that may seem just too expensive. By breaking it down into the form of an initial lump sum and monthly charges it will make the deal possible. This is the same way people finance a car, they can’t afford it all in one shot but they can put something towards it then slowly finish it paying it.
– Will