Buying Domain Names

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.

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.

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.