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Every Sales Negotiation is Different

Elliot Silver
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Someone asked me for advice about negotiating the sale of a domain name he owns. I shared a few thoughts based on what I could quickly see, but one thing I think is important to remember is that every negotiation is different.

Buyers come from all over the world. They have different personalities, different business customs, and unique communication styles and tones. Some people are friendly and conversational, while others are short and to the point. Some are founders who are personally invested in the name, while others work for or on behalf of the other party and don’t have a personal stake in the outcome.

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Paul Nicks Launches Ads for Legends Business

Elliot Silver
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A couple of years ago, I wanted to find a vintage image of Nantucket I could frame and give as a gift. I ended up choosing a Sports Illustrated from the 1950s that featured Sankaty Head golf course on Nantucket. I spent a considerable amount of time and a fair amount of money hunting down an original copy in good condition so I could frame the cover and give it as a Christmas gift.

A new business was just launched that could have been helpful to me in my hunt for the perfect gift for our friends.

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Great Domain Names Can be Generational Assets

Elliot Silver
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Someone recently commented to me that the price of a domain name I own is so high that I will probably die with it and my kids will inherit it. The comment made me laugh – and that person made be right. His comment made me think about great .com domain names as generational assets.

Families have passed down valuable assets from one generation to the next forever. Real estate, artwork, jewelry, collectibles, metals, businesses, and many other asset classes can appreciate considerably over time. I think exceptional domain names, one-word .coms for example, can be considered in the same class of assets that can drive wealth for the next generation.

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DropCatch: Backorder Time Changing

Elliot Silver
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I do all of my domain name auction research in the morning while I drink coffee. I spend time analyzing the drop lists and researching the domain names that catch my attention. Typically, all of my backorders and opening bids are placed well before lunch.

It looks like I am going to have to make changes to my schedule as it pertains to backorders on DropCatch.com. According to a message above the logo on the dropcatching platform, the backorder deadline is changing.

“Backorder cutoff changing October 1: The .com/.net cutoff moves earlier to 11:30 UTC (5:30 AM your local time). Place your backorders before the new cutoff. Full details coming soon.”

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Cyber.com Sold for 7 Figures via Sedo

Elliot Silver
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I was looking through my DomainIQ Monitoring report this morning, and I saw some changes that were made to the Cyber.com domain name. Cyber.com had been used by a company called CyberSoft, and the domain name transferred from Network Solutions to GoDaddy under Whois privacy. The nameservers also changed, and the domain name now forwards to a GoDaddy Airo generated landing page with a new Cyber.com logo.

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Dynadot Announces KYC Verification for Some TLDs

Elliot Silver
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Dynadot emailed customers today to introduce a new Know Your Customer (KYC) verification process that will pertain to registrants of certain domain name extensions. The registrar announced these KYC requirements are for .DE and .NO domain name registrants, but “additional extensions potentially added in the future.”

Domain registrants who have .DE and .NO domain names will need to be KYC verified in order to make standard changes to their domain names – like registering, transferring, or pushing domain names to other accounts. I am unsure if any changes can be made to domain names in those extensions if KYC is not done.

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