I would like to get your advice on how I should proceed with the development of BumperProtectors.com. I received a couple of decent offers for the domain name when I emailed companies that sell bumper protectors as well as domain investors, but nothing was significant enough to warrant selling the domain name.
One person/company inquired about the domain name last week, and after I informed him about the previous high offer, we discussed the options to build it, as the offer was higher than he would pay. We discussed creating a line of bumper protectors in China or Hong Kong and then selling them on the website. There is no real market leader that I could see, so this would be a good opportunity. Producing a $50 product for a few dollars each would yield a strong ROI after a couple of years.
The big downside with producing lines of bumper protectors is the liability issue. For whatever reason, Americans tend to be more litigious than elsewhere, and I wouldn’t want to have the liability in the event one of my $50 bumper protectors fails to protect someone’s bumper. Further, I could foresee someone forgetting to put their bumper protector away after leaving a parking spot, and in the event it flies off of the car and damages another vehicle, I could see further liability as the producer. While the liability might seem far fetched, it’s not worth the risk for such a small revenue stream in my business.
That being said, I am thinking about building a website with an Amazon store being the revenue generator. I know Amazon notoriously pays little, but if I can get the site to rank #1 as a result of unique content I have written combined with the store, it could be a nice little passive money maker.
I’ve heard about Epik and WannaDevelop but haven’t heard much in the way of results (how much people are earning from their websites). With an exact match product .com domain name, what can be expected in the way of earnings? I am not interested in spending a few hundred to build a website that makes no money!
Please let me know your thoughts on developing BumperProtectors.com.
**** 7/13 Update ***
After a very good face to face conference with Rob Monster, I’ve decided to award the project to Epik and will post updates once the site launches. This is the first time I am working with Epik and I am excited about it.