Offered -- a prime ecommerce dot-com domain name offered for sale or lease-to-own. Domain name is wholly owned by original creator and is guaranteed free of any financial or trademark/copyright entanglements or incumbrances.

The BIDNESS.COM domain name is showcased by The Bidness Center, a developed ecommerce resource web site geared for medium to small and SOHO Internet bidness ventures. BIDNESS.COM is a property of Midwest Technical Associates of Charleston, IL, USA.

How much is a domain name worth?

Probably the best guide as to how best to appraise the value of a great business domain name would be much like value is established for other properties, such as real estate -- what did it sell for the last time it was traded?

I have owned BIDNESS.COM (IP: 161.58.225.185) since it was registered as a new domain name in 1996, therefore it has never before been sold to establish a fair market value by that means. A reasonable and prime indicator of the value of BIDNESS.COM would be to compare it to the established market value of a very similar domain name, BUSINESS.COM.

In 1999, eCompanies purchased the domain name BUSINESS.COM for a then-record-setting $7.5 million (Wall Street Journal, 11/99. See also BUSINESS.COM's "About Us"). As the available pool of prime dot-com domain names dwindles (it's already nearly impossible to find even a decent one, let alone a prime beachfront property dot-com, that isn't already claimed), it would be reasonable to appraise even that handsome sale price so long ago as being an extraordinary bargain by today's market values.

Anyone who lives in the US interior, or who has even a passing familiarity with mid-American US English, will attest to the fact that throughout the Midwest, South and Southwest, we do "bidness." So the proposition and question is, acknowledging "business" as being the more formal and academic term, what percentage of the established market value of BUSINESS.COM would the domain name BIDNESS.COM represent? 75%? 50%? 25%? As little as 10%?

One might as well ask what percentage of the US population would pronounce the term as being open for "bidness," or ready to do some "bidness." Have a listen as you travel and speak with the merchants and CEOs of the vast US midlands (save for some northern states and the northern parts of the Left and Right coasts). If you believe that plurality would represent as little as 10% you really don't know, appreciate or understand the US of A.

For a limited time, the domain name BIDNESS.COM will be offered for sale or lease-to-own under the following terms and conditions:

Outright Purchase --

1. The asking price for outright ownership of BIDNESS.COM is hereby and temporarily set at a mere 10% of the 1999 established value of BUSINESS.COM.

SUMMARY -- $7,500,000 (minimum value for BUSINESS.COM) x 10% = $750,000 sale price for BIDNESS.COM..

[Sidebar: I "retired" a career as a chemist in 2000, and upon that retirement began doing full-time ecommerce on the Web with BIDNESS.COM. Owning such a prime domain name has been so handsomely profitable in just those few years, I am now satisfied to retire in earnest. Otherwise, and were The Islands not beckoning so alluringly, an unhurried and accurate appraisal would surely look more like 30-50% of the sale price of Business.com. In January, 2009, the price for BIDNESS.COM goes up to 40% of that value -- $3,000,000. I simply have better use for the MUCH lower sale price cash sooner than I would have for the full value of the domain name later.]

2. BUY IT NOW DISCOUNT! A further discount of 1% of the sale price ($750,000 x 1% = $7,500) will be offered for outright payment in full instead of the earnest money deposit. Paid-in full outright purchase price good only in the year 2008 = $742,500 (9.9% of the BUSINESS.COM sale price).

3. Downpayment (earnest money) of 15% ($112,500) to be placed in escrow with Escrow.com to initiate domain ownership transfer. Balance of $637,500 due upon successful transferrence of domain name ownership. Seller will accomplish domain name ownership transfer to buyer within 30 days of earnest money deposit. Seller will have no claim against earnest money in escrow until it has been substantiated to Escrow.com that domain name ownership transfer has been accomplished. Buyer will accomplish payment of the $637,500 balance within five (5) business days of domain ownership transferral. Failure of buyer to meet that payment schedule will cause buyer to relinquish any claim of ownership of the BIDNESS.COM domain name and of the earnest money on deposit.

4. Buyer will allow seller to retain three (3) BIDNESS.COM domain e-mail addresses (aliases) for a period of up to 90 days in order to accomplish address change notifications with corporate, professional and personal contacts. The three e-mail address on the BIDNESS.COM domain shall be: esd@, merlin@, and webmerlin@bidness.com.

5. Purchase of domain name does not include web hosting or domain name parking. Buyer is responsible for securing their own web hosting, secure server hosting and all such IT facilities or services. Seller will accomplish, or assist the buyer in accomplishing, transfers as related to and reflected by the DNS record (primary and secondary server IDs, etc.) with the domain registrar of their choice. Current domain registrar for BIDNESS.COM is GoDaddy <http://www.godaddy.com>.

10 Year Lease-To-Own Option --

1. This offer is also good only if initiated before the end of 2008. Lease for one full year (12 calendar months) for $112,500 (same as initial 15% deposit to buy) with option at close of lease period to renew for up to 9 succeeding years at $79,167/year. Seller will credit the full and total annual lease amounts paid toward the purchase price. Purchase price for this lease-to-own arrangement is $825,003 total.

2. Seller will affect permanent and full ownership transferral to the buyer upon payment of the final (10th) lease year or within 30 days of the buyer paying the full remaining balance of the $712,503 (after first year) lease-to-own purchase price any time before the 10th leasing year. Seller retains full and ultimate ownership of the BIDNESS.COM domain name until all conditions are met to represent payment in full by the buyer.

What is included with the sale and transferrence of BIDNESS.COM?

-- BIDNESS.COM domain name
-- Five years prepaid domain registration in the name of the Buyer with ICANN approved registrar of choice (GoDaddy recommended)
-- All intellectual property rights and rights of domain name ownership
-- Assistance by Seller to affect all aspects of a smooth transaction and domain ownership transfer

Questions or comments regarding the sale, transfer or any other subject pertaining to BIDNESS.COM should be directed to the owner:

Steve Harrison
Midwest Technical Associates
Phone: 304-721-8380 ~ eFax: 845-698-9467
Email:

Terms and conditions of this sale offering are subject to cancellation or modification by the seller at any time prior to the initiation and acceptance of these terms for a transaction. Seller is agreeable to third-party brokering of this transaction by any competent individual or business named by the buyer, subject to approval and written agreement by seller. Buyer pays all such broker's fees, commissions and any related fees and expenses. Seller pays all fees, commissions and expenses associated with the escrow account and management. Buyer agrees that the home county of the seller, Coles County, Illinois, shall retain legal jurisdiction to resolve any matter that may come into dispute regarding the sale and/or transfer of the BIDNESS.COM domain name.

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