What should I pay a non-employee sales rep for a SaaS app?

I have this web app that connects with a 3rd party ERP solution.

There's also this sales guy that no longer works for the ERP company, and I'd like to use his contacts.

I can't have him as an employee, but I'd like him to sell my product on the side. I've read a bunch of guides, but they are all based on employees.

What should the compensation look like?

Keep in mind that he has all the contacts AND knows both my product and the ERP, which should warrant a larger payout.

Here's my idea:

If he manages to sell an annual contract of $ 4,800 ($ 400/month), I pay him 50% over the course of one year ($ 200/month). After a year, I get 100% of the value.

I'd also like to offer first 30 days money back on the annual contract, and the sales guy gets paid when I get paid.

How does this sound?

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20 end user domain sales including a $50k .in sale

An online event platform, several software companies, and a cosmetic laser franchise bought domain names.

Picture of bundles of 500 euro notes with the words "End User Domain Sales" and the logo for Sedo

 

It was quite a week for end user sales with nearly 20 hits including one of the highest .IN sales to date, Hop.in. This is their company name so it makes perfect sense that they invested in it even at its high price tag.

Here’s a look at some of the domains end users bought at Sedo this past week. You can review previous end user sales lists here.

Hop.in $ 50,000 – Hopin is an online events production company. I wrote about its domain Hopin.to last week. This will be a nice shortener.

Hoss.com $ 29,995 – Hoss allows people to track and manage third-party APIs.

FullPlay.com $ 23,500 – The domain resolves to a website that claims FullPlay is the “Future of Marketing”.

JobsRUs.com $ 9,999 – CorTech LLC, which operates a jobs listing site on the domain. It’s not my favorite domain, but it beats its old one: JobStalker.net!

RentALev.com $ 9,888 – The buyer of ElectricCar.com (which was the top sale last week).

Klient.com $ 7,000 – Krow Software, a Professional Services Automation software company.

MaVacation.com $ 5,000 – Forwards to charlestonmedia.online, a “locals-led” travel site.

TopGene.com $ 5,000 – TopGene’s original core business is personalized non-invasive diagnostics to treat cancer but they have since established a new business unit dedicated to medical and KN95 masks.

Ravona.com $ 3,900 – A Korean professional sports gear manufacturer and design company.

ESigner.com $ 3,800 – The whois shows eSigner as the company name but it’s difficult to attach this to a specific company.

Gynaekologie-Muenchen.de €3,600 – Forwards to Gynaekologie-Koeln.de, a gynecology practice in Cologne, Germany.

LaserAway.com $ 3,500 – Laser Away is a cosmetic laser service franchise with multiple locations in the U.S.

Welt.net €3,500 – Forwards to Welt.de. “DIE WELT” is a German newspaper and this site is their corresponding online magazine for their news items and live video streams of political speeches and news.

KetoDiet.ch €2,900 – Forwards to KetoDiet.eu, a website about the popular Keto diet with related supplements and products for purchase.

Arbeitschreiben.de €2,499 – This is an individual’s website in German offering information and know-how on writing scientific papers.

ZeroTolerance.de €2,380 – Forwards to Thomas-Teleservice.de, a service provider for smartphone repairs. You can also buy single components to make repairs yourself.

TampaWebDesigner.com $ 2,355 – Forwards to Ideas4.com, a digital and web design agency.

Sundr.de €2,000 – Forwards to the website for Sendatzki + Rosenthal Autoteile und Lacke, a group of auto-related companies.

Immocom.de €2,000 – Forwards to Wundr.de, a political and PR consulting firm in Eastern Germany. They handle marketing and public relations for companies within the real estate industry.

TaxFix.nl €2,000 – Website about taxation in the Netherlands aimed at individuals and small entrepreneurs.

Post link: 20 end user domain sales including a $ 50k .in sale

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$208k in Sales on May 27th – GetADeal.com sold for $9,999 – Daily Market Report

 NameBio.com: The top sale of the day was GetADeal.com which sold for $ 9,999 at BuyDomains. NameBio recorded 280 sales $ 100+ for a total of $ 184,165 with an average sale price of $ 658. Compared to the previous day there was an increase of 9% in the number of sales and the total dollar amount increased by 0.8%. We also recorded an additional 1,084 …
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Brandable domain name sales week 20: Tema.com, Raptr.com, MindGlobal.com

 DNGeek.com: GoDaddy Auctions dominates this week’s list and charts five sales in the five-figure range. The top sale, however, goes to DropCatch where Tema.com sold for $ 43,805 in a second auction. The domain name was sold for $ 128,938 on May 13th but the winning bidder did not pay for the auction, and the domain name was […] The pos…
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.Coms Continue to Dominate the DNJ Sales Chart but Non .Com gTLDs & ccTLDs Had Big Hits Too

 DNJournal: The new DNJ domain sales report is out.Coms swept 17 of the Top 20 but we also saw one the year’’s top 5 non .com gTLD sales a Top 10 ccTLD sale.
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Decoding last month’s Web.com aftermarket sales

Joseph Peterson shares what sold on NameJet and SnapNames last month, and what the domains could be used for.

Image that says Top Domain Sales with NameJet and SnapNames logos

 

“Oh but they’re weird and they’re wonderful” – these domain sales.  B-B-B-“Bennie and the Jets” by Elton John is how I first heard the word “mohair”.  Bennie (whoever she is) has “got electric boots, a mohair suit / You know I read it in a magazine.”  So the song goes.  Electric boots may be sci-fi, but mohair is as real as the Angora goat from which the wool of this luxury textile is shorn.  It’s used in carpets, coats, scarves, socks, and of course suits.  Since mohair is a relatively expensive commodity, we shouldn’t be surprised to see the sale of Mohair.com ($ 5.1k) among other auction results from NameJet and SnapNames during April.

But the biggest sale was Khols .com ($ 81.6k).  Déjà vu?  At first, I thought this must be a repeat auction because I covered the sale of a Kohl’s typo from January: Koles.com ($ 73.0k).  Someone is serious about buying typos of this department-store brand name.  Each of these was the top auction during the month in question.

999555.com ($ 44.0k) was the runner up.  I can’t say for certain why that 6-digit domain is worth 11 times as much as 747777.com ($ 4.1k), which also has a repeating pattern.  But it may have something to do with the numeral “4”, which is reputedly unlucky in China.  Another 6-digit domain with a repeating pattern sold just above the $ 2k reporting threshold: 902902.com ($ 2.1k).  Short numerical domains don’t need such repeating patterns to sell high, as the 3rd-highest sale shows: 1740.com ($ 20.5k).

Mould.com ($ 20.4k) was the 4th highest sale.  Here too, attentive readers should feel a twinge of déjà vu because DNW reported the sale of the plural, Moulds.com ($ 10.0k), back in December.  Notably, that was an end-user purchase via Sedo.  Did the same Chinese company pay twice as much for the singular?  This doesn’t strike me as a wholesale price, but sometimes ambitious domainers outbid end users in the heat of the moment.  Interestingly, the variant spelling was also sold as a .NET last month: MOLD.net ($ 2.2k).

While we’re on the subject of “Not-.COM” sales, let me point out that NameJet and SnapNames sold a total of 82 domains above the $ 2k threshold; and of these, 10 were not .COM – 6 .ORG, 3 .NET, and 1 .INFO.  My personal favorite was Activist.org ($ 2.6k).  As a rallying point, it’s ideal for branding; and the price strikes me as a bargain.  The highest sale was StatesAttorney.org ($ 10.0k), which is also political in nature.  Other interesting items include CreativeAging.org ($ 4.0k) and FuelCells.org ($ 3.3k).  If I mention HAARP.net ($ 2.3k), will a swarm of flying monkeys descend on this blog?  Conspiracy theories regarding the U.S. military installation, HAARP, are rampant.  Apparently it’s a plot to control the weather, a fiendish mind-control device, and the cause of an earthquake in Haiti.  Plausible.

When it comes to brand names, I’m not always 100% in favor of creative misspellings because they can cause ambiguity when the name is heard and not seen.  Domainers would call that the “radio test”.  And yet there are exceptions to every rule.  Fonic.com ($ 12.6k) is short and sweet, and it’s spelled phonetically – with “F” rather than the less common “PH”.  This can help with international branding, since many languages would use an “F” rather than “PH” for cognates.  For example, “telePHone” (English) is “teleFono” (Spanish).

There were a number of strong “brandable” domain sales: Nautico.com ($ 5.6k), Eventy.com ($ 3.6k), Digitary.com ($ 3.2k), Naturae.com ($ 2.5k), Breco.com ($ 2.2k), QCare.com ($ 2.2k), Celsus.com ($ 2k).  It’s tempting to think of such domains as a blank canvas, but often there will already be 1 or more brands using the name.  A good example of this is ProSim.com ($ 3.6k), which might be an upgrade for either ProSim-AR.com (aviation research) or ProSim.net (simulation software) or else be used for an unrelated startup.  MegaTel.com ($ 3.7k) seems to fit a New Zealand telecom and utilities company.

The foregoing list of “brandables” are neologisms that look and feel like a single word.  A different sort of “brandable” domain would consist of 2 dictionary words in combination.  Plenty of these sold as well: YourTown.com ($ 6.1k) and WeSearch.com ($ 5.5k); WeedTown.com ($ 2.2k) and CafeWorld.com ($ 4.7k); CareerNetwork.com ($ 3.2k) and CoolHomes.com ($ 3.2k).  The last pair hardly seem invented at all – more like an overheard phrase.

DIYWebsite.com ($ 2.5k) is a good name for a website builder or tutorial.  I assume the “U” in UGirls.com ($ 4.1k) stands for “university”, but conceivably it means “you”.  HellaWella.com ($ 7.3k) seems to match a health and wellness brand that was active on Twitter and Facebook as recently as 2016.  Maybe it’s being revived.  Maybe someone else just likes the name.  Or maybe there’s enough SEO value in the backlinks from an old website to justify that price tag.  It’s a good brand name, regardless.  For the benefit of non-American readers, “Hella” is a slang term common in parts of the USA.  It derives from “hell of a” – as in “That’s one hell of a car!”  And it means “very”.  For instance, “Hella good” = “Very good”.  Since “hella” sounds like “health”, transforming the phrase “health and wellness” until it becomes “hella wella” is pretty clever.  The name deserves to live on even if some prior project stalled.

IndiaTrade.com ($ 2.4k) has obvious uses in commerce.  AfricaTime.com ($ 3k) might promote tourism or be for a domestic audience.  Yakutsk.com ($ 2.1k) is a city in Russia.  HatYai.com ($ 3.4k) a city in Thailand.  Nothing against the 2nd coldest city in the world, but I’d prefer to visit the latter.  Speaking of cities, Pueblos.com ($ 2.5k) is Spanish for “towns” or “villages”.

Boeuf.com ($ 2.4k) is French for “beef”.  Obviously, that’s something most of us buy; so there must be some commercial value in a website about it, although most of us will never choose to visit a site about beef, let alone order a steak online.  In contrast, we might well visit ElectricBlankets.com ($ 3.5k) to order an electric blanket.  Or check LoanRate.com ($ 13.5k) to get a quote.  Or even visit FuneralPlans.com ($ 3.1k) in order to plan a funeral.

In the age of Google, would we need a directory of local carpet cleaners, a la CarpetCleaningService.com ($ 2.3k)?  Possibly not.  But the domain might be used by a single local business to attract clicks in search results or as a memorable address in print or radio advertising.  Certainly, it’s a bit long, and CarpetCleaning.com would be far better.  Nevertheless, the domain gets to the point.  Similarly, LightCompany.com ($ 3k) is a bit dull; but it’s generic enough that it might convey some authority or be used to brand a company in a straightforward, no-nonsense way.

Touche.com ($ 18.7k) is a French word that has been absorbed into English.  Originally it came from fencing.  When touched by the opponent’s sword, one would acknowledge the hit by saying “touché”.  It has come to mean something like “Well played!  You got me.”  There is no obvious application for this word other than fencing (or possibly debate).  But like so many single dictionary-word .COM domains, this one can function as something of a blank canvas.

4-letter .COM sales are a bit boring.  So let me just get those out of the way by listing them: IAAS.com ($ 11.4k), ISMY.com ($ 4.9k), GAFU.com ($ 3.7k), FAHI.com ($ 3k), SHID.com ($ 2.5k), MAIW.com ($ 2.5k), CSAI.com ($ 2.4k), TEMY.com ($ 2.3k).  On the whole, these are pronounceable and/or use common initial letters from English and other western languages.  In other words, they don’t resemble the vowel-less “CHIPs” that were all the rage during the Chinese surge a few years ago.

Even so, the Chinese domain market is very strong.  The #2, #3, and #4 sales in this article all have a China connection, as do others.  JunJun.com ($ 18.5k) may refer to an actress, a makeup artist with a sizeable Instagram following, or even simply be the Filipino version of “Junior”.  Given the price tag – it was the 6th highest sale – I assume it’s out of range for the Instagram influencer.  WangJiu.com ($ 4.1k) and ShangCe.com ($ 4k) are both personal names, but I didn’t see any bullseyes for a single most likely buyer.  Probably not the Shangce Gao who wrote a paper on a “meta-heuristic … gravitational search algorithm”, despite his being the top result in SERPs for “Shangce”.  Not the sort of person who wor

Gambling domains are seldom absent from these monthly sales lists, and April was no exception: SlotOnline .com ($ 3.2k) and RaceFan s.com ($ 2.1k).  But profit isn’t the only motive for buying a good domain.  Policing is a hotly debated topic in the USA, given perceived racial bias and use of excessive force.  Possibly Policing.com ($ 4.4k) will be used for activism in that arena.  Wawawa.com ($ 4.6k) might go to a bistro in Singapore.  GeoDome.com ($ 2.6k) undoubtedly refers to geodesic domes.

When I first saw truera.com ($ 2.7k) written in lower case – as domains all tend to be displayed online – I wasn’t sure whether to pronounce it as “Troo eh ra” or “True R.A.” or what.  Finally it dawned on me that it’s “Tru Era” without an “e”.  And that’s the name of an agency offering everything from DJs and dancers to videography and web design.

PhiloTV.com ($ 4.0k) seems clearly aimed at a company called Philo, which offers packages of TV channels in the USA.  They already operate Philo.com.  There was a second TV sale as well: SpaceTV.com ($ 4.7k).  And on the opposite end of the chronological spectrum falls EarlyCinema.com ($ 2.3k)

DeepRobotics.com ($ 2.3k) would be about deep learning and artificial intelligence.  I suppose that domain sale is 1 more step toward the inevitable Terminator scenario of robots enslaving humanity.  But for now, I’m still waiting for some electric boots.

Post link: Decoding last month’s Web.com aftermarket sales

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More sales you probably missed (Color +Keyword) edition

 TLDInvestors.com: Here is another look at some domain name sales that are not recorded on Namebio. The reason being these were generated from the GoDaddy domain appraisal tool, so more than likely these were sales generated through Afternic or Namefind. When you search for a domain name using the GoDaddy appraisal tool, you will see comparable [&#8230…
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$201k in Sales on May 26th – UNW.com sold for $21,251 – Daily Market Report

 NameBio.com: The top sale of the day was UNW.com which sold for $ 21,251 at GoDaddy. NameBio recorded 256 sales $ 100+ for a total of $ 182,762 with an average sale price of $ 714. Compared to the previous day there was a decrease of 14% in the number of sales but the total dollar amount increased by 3%. We also recorded an additional 953 sales below…
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#Sedo #domain sales for the week of May 25, 2020 topped by 6115.com and HOP.in at $50000

 DomainGang.com: Sedo weekly: Top sale is that of 6115.com at $ 50,000 dollars, matched by HOP.in at the same price. Welcome to the latest edition of reporting on the Sedo domain sales; this time we cover the week ending on May 25, 2020. This information has been provided by Sedo.com, sponsors of DomainGang. Please read a current […] Copyright D…
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