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04|08|2009 05:48 am EDT introduces new Commission pricing

by Frank Michlick in Categories: Domain Auction

As per a Press Release from Rick Latona Auctions, the company has opened submissions for the Targeted TRAFFIC Silicon Valley show with a new unique commission model:If the domain name has a reserve price less than 6 years  earnings and meets certain other conditions, the commission will be rebated to 10%.

More detailed information after the jump.From the press release:

Rick Latona Auctions announced that they were looking for PREMIUM, GENERIC, REVENUE GENERATING domain names for their auction at the upcoming T.R.A.F.F.I.C. Silicon Valley show at the end of April.  In order to fill their final live auction inventory with the most attractive names they are offering a substantial savings to owners of these names.

If the name is 1. Generic (e.g., not, 2. Makes more than $3000 per year, 3. Makes all or a vast majority of the revenue from direct navigation type-ins, and 4. Has a reserve price at or less than 6 years earnings then: Rick Latona Auctions will issue a 5% rebate after the auction closing making the effective cost of the auction only 10% rather than the standard 15%.

Additionally, to qualify the names must be submitted by April 11, 2009.

Submissions can be made at or by contacting david AT directly.

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