‘Look for a less valuable domain name’

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I receive many lowball offers. I’ve done some things on my landing pages and inquiry forms to try and reduce the tire kickers and silly offers, but I still get them on a regular basis. These days, my standard response to someone who submitted a lowball offers is along these lines:

“You should look for a less valuable domain name.”

Succinct and to the point without the “thanks for your interest” niceties that sort of run counter to my abridged reply.

Every Sales Negotiation is Different

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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.

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.