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Entrepreneurship Handbook Offers Domain Advice – Reveals a $385k Domain Name Purchase

Chad Folkening shared an excellent newsletter article from the Entrepreneurship Handbook that will be of interest to domain investors. Not only does Dave Schools share some good advice for buyers of valuable domain names, but he revealed a one word .com domain name that was acquired for $385,000.

Before sharing the domain name sale he revealed, I must say I agree with his thoughts about using .com domain names:

Referring a (Bad) Prospect to a Broker

There are many times when the valuation of a domain name my company owns is far greater than what a prospective buyer thinks it is worth. Usually these people simply disappear when they realize the price is beyond what they are willing or able to spend. Sometimes, these people are persistent and won’t give up. These prospects may feel the need to argue with my valuation or try to convince me I am wrong.

When someone disagrees with the valuation of one of my higher value domain names, I will sometimes recommend that they connect with an unaffiliated domain broker to get some additional insight from someone who is unaffiliated with the domain name. A broker, working on commission, will let that person know their opinion on the valuation of the domain name and may even educate the buyer about why the domain name is valuable.

Somewhere.com Reportedly Acquired for $400,000

The Somewhere.com domain name has reportedly been acquired for $400,000 USD. The acquisition was announced on X this morning by Nick Huber:

Can You Beat my Time on Pyramid.com?

Michael Cyger launched a fun solitaire game called Pyramid solitaire on the exceptional Pyramid.com domain name. I’ve played it many times and find it quite addictive. This morning, Michael shared that 5,000 Pyramid solitaire games were played last week.

My best Pyramid time was 56 seconds, which I shared with Michael:

I have been trying to beat that time for over a week and haven’t had any luck. If I can’t finish in a little over a minute, I reset the game to optimize my free time. I would love to see the game retain my stats with either an account login or cookie.

Have you been able to beat the one minute mark? What’s your best time so far?

My Experience with Afternic / Dan Checkout Link

I recently sold a domain name I owned for several years after an email discussion with the buyer. During our negotiation, at least three people from the buyer’s side were involved in the discussion. Once we agreed on a price, I wasn’t sure whose email address to use for the transaction and had a feeling it could be someone else entirely.

Because of the relatively low value of the deal (under $5k), I decided to use Dan.com for the transaction. In my experience, buyers have had few difficulties with payment, and Dan support works with the buyer to facilitate the domain transfer instead of having to do that myself. Despite a higher cost % vs. escrow, I have found there to be fewer speed bumps.

Because it was unclear who would be managing the transaction, I did not do the traditional lead import at Dan.com. Instead, I opted to get a checkout link via Afternic. Since Afternic and Dan both offer the same 5% transaction fee on imported leads, it was essentially the same cost and I figured I would see how the checkout link works.

Salesforce.com Acquires 111.org

Whois records show that Salesforce.com has acquired the 111.org domain name. The domain name recently transferred from GoDaddy to MarkMonitor. Using the DomainTools Whois History tool, I can see it had been registered for a short period to NameCorp, Alan Dunn’s domain brokerage. Prior to that, it was registered to a China-based domain registrant.

Salesforce is not yet using the domain name. My guess is Salesforce will use 111.org for its “Pledge 1% movement.” On its website, Salesforce describes this movement in terms of 1+1+1, so 111.org makes sense for this type of organization:

Recent Posts

Entrepreneurship Handbook Offers Domain Advice – Reveals a $385k Domain Name Purchase

3
Chad Folkening shared an excellent newsletter article from the Entrepreneurship Handbook that will be of interest to domain investors. Not only does Dave Schools...

Referring a (Bad) Prospect to a Broker

3
There are many times when the valuation of a domain name my company owns is far greater than what a prospective buyer thinks it...

Somewhere.com Reportedly Acquired for $400,000

1
The Somewhere.com domain name has reportedly been acquired for $400,000 USD. The acquisition was announced on X this morning by Nick Huber: Big news: We spent...

Can You Beat my Time on Pyramid.com?

2
Michael Cyger launched a fun solitaire game called Pyramid solitaire on the exceptional Pyramid.com domain name. I've played it many times and find it...

My Experience with Afternic / Dan Checkout Link

1
I recently sold a domain name I owned for several years after an email discussion with the buyer. During our negotiation, at least three...