‘I Wouldn’t Know Where to Send the Money’

Elliot Silver
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6

I have been aggressively trying to buy more great one word .com domain names to augment my portfolio. I have been kicking the tires at quite a few companies where I think domain names aren’t being optimally used or something else has led me to believe I could acquire a domain name for the right offer. Buying domain names from large companies is particularly difficult.

Case in point, I got in touch with the right contact at a very large company a few weeks ago. I made a few offers, and our discussion culminated with a $100,000 offer to buy one of their domain names. I also asked if a decision could be made this week since I am discussing many domain name purchases. She asked to speak on the phone and we discussed why we wouldn’t get a deal done.

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Promise I Can’t Keep When Buying a Domain Name

Elliot Silver
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1

On occasion, I will get a special request while negotiating to buy a domain name. A domain owner will occasionally ask me to keep an email address active for a period of time or continue forwarding or resolving a domain name to a website for a set period of time. Depending on the length of time requested and my desire to buy the domain name, this is an easy request to fulfill.

One request I have heard several times is that the domain name is not allowed to be used in a specific manner once the sale is completed. For instance, the owner may be a large accounting firm and they require that the domain name is not used for another accounting firm. Even if this request is fairly easy to complete, it is a promise I can never make.

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The Hunt is Fun, but Validation is Critical

Elliot Silver
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2

Every morning, I spend around an hour going through lists of domain names that are coming up for auction. When I say every morning, I mean every morning. I do this on weekends, when we are traveling, when we have friends or family over (in non-Covid times), and all those times in between. I review lists from auction platforms, Dropping.pro, and I recently added ExpiredDomains.net to the list of tools I use daily. This is the hunt, and it is probably the most enjoyable part of domain investing.

As I and others have discussed many times, the prices achieved in expiry auctions have grown in recent years. It has become much more challenging to find what I would consider to be a deal, so the hunt has expanded. I never focused much on pending delete auctions, save for the occasional gem, but I have been focusing on that area a bit more.

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First Purchase of 2021 and Last Purchase of 2020

Elliot Silver
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25

There aren’t really any days off for a domain investor that buys and sells domain names for a living. Each day, regardless of whether it is a holiday or not, thousands of domain names come up for auction or completely expire and become available for registration. I was working minimally on New Years Eve and New Years Day, and I thought I would share the final domain name I purchased in 2020 and the first domain name I purchased in 2021:

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Keep on Touching Base

Elliot Silver
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2

When it comes to domain investing, people tend to focus on the domain name sales. Outbound sales is a hot topic, and it is an important topic for people who rely on it to sell their domain names. There are various threads covering everything related to outbound sales – from the sales pitch to the subject of the email to the number of times to contact someone about a particular domain name.

Sometimes a person wants to buy a domain name but they don’t have the budget or need at the time of contact. Touching base with a counterparty is a great way to keep the conversation going. People’s wants and needs change over time, and staying in communication is how to get deals done.

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Check All Marketplaces for the Best Price

Elliot Silver
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2

As I recently mentioned, I have been using ExpiredDomains.net quite a bit lately to search for domain names to buy. Others have touted its great search functionality, and searching it has become a part of my daily routine.

After doing many searches of the different domain name sales marketplaces with various filters set, I have noticed there are pricing discrepancies at different marketplaces. A domain name may be listed for sale on GoDaddy for $14,999 and listed on Sedo for $4,000. It may also be listed via Epik for $14,999. The domain name landing page may have a different price altogether. There are quite a few domain names that have come up that are listed on different marketplaces at different price points.

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