I operate my own “for sale” inquiry pages for my domain names via Embrace.com. I like that I can control my own landing page designs and have total, private control over my leads (I trust platforms like Efty and Dan.com have privacy features, but I also assume if someone acquires either business, they would also acquire data). There are several downsides to managing your own landing pages, and I want to share them with readers.
Every day, it seems like more and more startups and companies launch on, or move to, .com alternative domain name extensions. Some do this out of necessity because the matching .com is unavailable or too expensive, and others do it for branding or other marketing purposes. In my opinion, if a company uses an alternative extension such as a new gTLD or ccTLD, they need to embrace the extension in their branding.
I was looking at a domain name today and came across its Efty landing page. On the left side of the page, there was a short list of publicly reported domain name sales, including a few in the multi-million range. These domain names were not comparable to the domain name I was looking at, and the sale prices were not close to what the domain name is worth. I think showing unrelated domain name sales might be a detriment.
Depending on your background and experience, negotiating can either be a great part of the job of a domain investor or it can be one of the worst aspects. I think it is expected that negotiating with a buyer or a seller is one of the most necessary aspects of domain investing. People have different negotiation strategies, and there are many factors that go into choosing the right strategy.
As a domain investor, I am accustomed to hear a prospective buyer tell me “the price is too high.” While they may actually be right about that, more often than not, I think they are stating that as a fact when it is more a matter of their opinion. Alternatively, they may have set a maximum budget in their head, and the asking price is beyond that.
I want to share a response that could be effective when dealing with someone who tells me the price of my domain name is too high: I simply ask them to share some examples of public domain name sales and prices that they believe are comparable to mine to prove that the price is too high.
I just started to do some research on my flight and hotel for NamesCon in Austin. After a date change was announced, NamesCon Global 2020 will be held from January 29-February 1, 2020. Conference organizers also announced a special conference discount is available for the Omni Austin Hotel Downtown (not to be confused with the similarly named Omni Austin Hotel at Southpark):
