Careful What You Share on Social Media

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Rob from Snagged shared an acquisition story that should get the attention of domain investors who share too much insight online. When he was helping a company acquire Plateful.com, the owner of the domain name used some insights Rob himself had shared in order to get a better price for the domain name.

There are many domain investors who spend time on social media and in domain investor forums. Many use their full names or other details that identify them personally. A smart domain name owner or counterparty can easily find someone’s posting history and use some of that information against them in a negotiation.

Need to Prove Ownership with Outbound

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I decided to break up some Summer doldrums by doing outbound marketing to sell one of my domain names. I picked one that I’ve owned for a while and hasn’t had any inbound inquiries. It was also a domain name that had several upgrade targets.

The first company I messaged showed interest in buying the domain name. The person’s first and only question was along the lines of ‘how do I know you own the domain name and aren’t trying to scam me?

This is a great question and one that is obvious when doing outbound marketing to sell a domain name. Unfortunately, it’s not always simple to answer the question in a definitive way.

Afternic Adds Renewal Note to LTO Cancelation Email

A month ago, I wrote about an issue sellers need to be aware of when using the Lease to Own (LTO) option on Afternic. If a LTO deal is canceled, the domain name is returned to the seller’s GoDaddy account with auto-renew disabled, regardless of that status prior to the sale.

This morning, one of my lease to own deals was canceled and the domain name was returned to my GoDaddy account. Despite having auto-renew enabled before the LTO started, the domain name had auto-renew disabled after it was returned to my account.

Atom AI Should Analyze Portfolios for Contest Entries

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Every once in a while, I look at the current contests going on at Atom.com. If I see one of interest, I will think about what domain names I own that might be good options for the contest. I’ll then sort and scan my listings to see if anything might fit. I think Atom’s AI can make it easier.

Set a December Reminder for Domain Name Follow-Ups

Yesterday, I was discussing an acquisition target with GoDaddy DBS Broker Jordan Cavanaugh. The company told Jordan it wasn’t interested in selling the domain name as it planned to use it. From what I can see, the domain name has been owned by the same company for many years and hasn’t been built. I suggested a follow-up in December to try and close a deal.

I think early to mid December can be a good time to follow-up with domain name owners when I am trying to buy a domain name. It can also be a good time to follow-up with prospective buyers who previously inquired about one of my domain names.

Outbound Can Help Plant a Seed

I haven’t done much outbound marketing to sell my domain names recently. I’ve done it on occasion, but it’s less frequent these days. The reasons I don’t do much of it is a combination of not wanting to seem like I need to sell a domain name and not having a ton of success with selling via outbound.

Perhaps I haven’t had much success with outbound marketing because I am mostly choosing domain names that have had less inbound interest. Without these attributes, there’s probably less intrinsic interest in these domain names. I have also typically chosen domain names I am okay selling for less money since most people tend to try to negotiate a better deal if they respond to an outbound email.