Why Domain Name Theft Matters to You

Elliot Silver
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On occasion, I blog about security issues and phishing attempts that I spot or that are reported by domain name registrars. For instance, yesterday I wrote about Namecheap’s urgent warning, a week ago I wrote about a Register.com phishing email, and a while back I wrote about a GoDaddy phishing email. Security is important for all, and I think it is especially important for those whose valuable assets are online.

I think that most domain name owners believe their accounts are secure and are probably immune from theft. Most domain investors wisely take extra precautions with their domain names, securing their email accounts and domain registrar accounts with 2 factor authentication  and other security functionality. I also think this may be a false sense of security, and being overcautious is wise.

Even if you don’t

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Reach Out to a Registry

Elliot Silver
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I think fairness has always been an issue in the domain space. People and companies are often able to cut private deals with registries, registrars, parking companies, and other industry companies, and the results of their deals may be looked upon by others with some jealousy and perhaps disillusionment. Whether you agree with private deals or you don’t, they happen in the domain space as much or more than any other business.

One thing I like to remind people is that anyone can try and cut these private deals with other registries, and as long as they aren’t breaking ICANN rules or laws, it could be beneficial. I keep a relatively small portfolio of domain names, so I am not a big dealmaker with service providers, but I don’t see anything wrong with making deals as long as they are ethical and legal.

On DomainInvesting.com, you can see

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Why I Respond Quickly to Inquiries and Offers

Elliot Silver
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Generally speaking, I try to respond to purchase inquiries and offers for my domain names very quickly. I know that some people prefer to wait and/or respond slowly, but for my purposes, I like to respond quickly and keep an open line of communication with the prospective buyer. Before replying, I try to find out as much information about the buyer and why they want my domain name, and I do this quickly.

I want to share a few reasons for why I tend to respond quickly, and I invite you to share other reasons why a speedy reply is beneficial. I also invite you to share reasons for why it might be beneficial to respond slowly (or not at all perhaps) to offers and inquiries. I certainly could be wrong about my negotiation strategy, and I am interested in reading your thoughts on the topic, too.

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Get a Reality Check on Pricing via BuyDomains

Elliot Silver
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I believe that BuyDomains owns hundreds of thousands of domain names, and quite possibly more than that. Because of the size of the company’s domain portfolio, I believe the company uses custom algorithms to determine pricing for many of its domain names, and a great deal of their domain names have buy it now prices. I assume the pricing takes many factors into consideration, and their domain names are  reflective of a market value for the most part.

Because BuyDomains owns so many domain names, I  have noticed that they own alternative extensions for many of my .com domain names. This means that I am able to compare my asking prices with their prices to see if mine are in line, underpriced, or overpriced. I can refer prospects to their similar listings in the hopes that they either:

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Make a Connection, Not a Pitch

Elliot Silver
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10

Quite frequently, I meet people who buy domain names for their business and/or invest in domain names. Some of these people introduce themselves to me after finding my blog, some are met at conferences and other events, and some are met by happenstance. Whenever I meet someone for the first time, my thought is to make a connection with them rather than making a domain name sales pitch.

When I meet someone who immediately tries to pitch something to me, whether it is a domain name or an insurance product (for example), I tend to have my guard up. This is especially the case when it comes to a personal meeting where I am not expecting to receive a sales pitch. More often than not, I am nice about it, but I will assume that any further contact with the person will involve a sales pitch and I will most likely ignore future emails and phone calls to avoid a subsequent pitch. This pretty much eliminates any chance of a connection with the person.

Instead of thinking about

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Add Your LinkedIn Profile to Landing Pages

Elliot Silver
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I am not very active on LinkedIn, but I do use it to share articles, read articles, and see who is looking at my profile. While checking out LinkedIn this morning, I saw that a prospective buyer for one of my domain names had viewed my profile, and it gave me an idea for my “for sale” landing pages: add a link to my LinkedIn profile.

When a logged in LinkedIn user clicks on a profile, the person whose profile was clicked can see that their profile was viewed by that person (unless they are a premium member who blocks this feature). If a prospect would visit one of my landing pages and clicks on my LinkedIn profile link, this will allow me to get an idea of who is poking around my domain name for sale landing pages. This information may be more helpful than the IP and other anonymous tracking information that Google Analytics and StatCounter share.

There are two reasons why this might be beneficial.

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