5 Keys to Running a Successful Blog

It’s difficult for me to believe, but I have been blogging for almost 8 years. I started this blog in the Summer of 2007 (under the Elliot’s Blog moniker), and I have published nearly 5,000 articles in that time. Based on traffic, revenue, and even longevity, I would consider this to be a fairly successful blog.

There are many people who would like to turn a blog into a business, and I thought I would share 5 things that I think helped this blog become successful. Of course, you are welcome to share your thoughts about this, as well as more general thoughts about what makes a blog successful.

When you’re finished reading this you should check out  Heidi Cohen’s blog  for some great advice on publishing a blog. Heidi was a professor of mine at NYU, and I think you will benefit from reading her blog. There are quite a few articles about blogging with some valuable tips.

5 key factors that I believe have made this blog successful:

Using Twitter to Find Sales Leads

I personally find it annoying when people tweet to me to ask if I want to buy a domain name. The vast majority aren’t even domain names I would hand register, and it’s a bit annoying when I receive two notifications about the tweet (email and Twitter). I think there is a better way to use Twitter to find a good prospect to buy a domain name, and I want to share some tips.

Here are some steps you might use to find a prospective sales lead for a domain name:

Timing of Sales Email is Important

Timing is everything, and that certainly applies to selling domain names. In my opinion, the time that you choose to send a sales email is critical and can be the difference between selling a domain name to a willing buyer and missing an opportunity to connect with that prospect.

In the majority of situations, I will only email a prospective buyer once. If the buyer doesn’t respond to my email, I likely will not email the person again because I don’t want to bother him or her (two exception being if the prospect replies with interest or if it is the result of an inbound inquiry). I generally assume a lack of a response indicates a lack of interest.

With that being said, if I send an email to a prospective buyer and she doesn’t respond, as a matter of practice I probably won’t send a second email to avoid being a pest. There’s a chance that the prospect had no interest in the domain name and that is why she didn’t respond, and there’s also a chance the email was received at an inopportune time. For me, chances are good that I will never find out.

For the most part, I try to send emails to prospective buyers

How Whoisology Helps Me

When I receive an inquiry, either via email or Domain Name Sales landing page, I do some due diligence on the prospective buyer. Most of the time, I have a limited amount of information to use to do my due diligence. The one thing I almost always have is an accurate email address. This is usually enough to learn about the prospect.

The Domain Name Sales platform integrates quite a few tools that can be used to learn about a buyer. You can easily search Facebook, LinkedIn, or  Google to find a match for the email address. This can be useful in determining who the buyer is, but I like to use Whoisology to glean additional information about the prospective buyer.

When I receive an inquiry, I like to

Sell a Domain Name via PR Firm

When you are looking to sell a domain name to a large company, it can be difficult to get in touch with the right decision maker. In fact, it can even be difficult to determine who the decision maker actually is!

An article in the Boston Globe might shed some light on how to sell a domain name to a large company, and I want to share the insight I gleaned from the article in the hopes that it helps you.

If you aren’t aware, Market Basket is a major grocery store chain in the northeast. The company was founded by the Demoulas brothers, and the chain grew into one of the largest grocery stores in the region. Because the store had Demoulas in its name for quite some time, the Demoulas brand is still well known in this area. Unfortunately, there was considerable family discord reported, and the company that is known as Market Basket was in the news quite a bit last year as a result of ownership issues. Long story short, Arthur T. Demoulas now has control of the company.

The Boston Globe published an article about the Demoulas.com domain name and how it was owned by someone that is not related to the Demoulas family or the grocery chain. To me, the most relevant and helpful part of the article is this:

Opening Offer is Important

The vast majority of opening offers I receive to buy my domain names are very low. I would guesstimate the average opening offer is well under $1,000, with the majority probably being around $100. Frankly, it’s a bit disheartening and frustrating to receive a $100 offer for a domain name I bought for $xx,xxx.

On the rare occasion that I do receive a decent offer for a domain name, I get excited because I know the prospective buyer has at least done some homework. We might not end up reaching an agreement, but at least the opening offer doesn’t make the prospect look unqualified and uneducated. I try to respond to all inquiries, but I am much more inclined to ignore an uneducated offer than deal with someone who clearly doesn’t have any idea about domain name values.

When I am on the other side of the negotiating table, I take my experience with