Most of us have been in a negotiation where we just can’t close a deal to buy a domain name, despite being fairly close to closing. When you’re at a standstill on an acquisition negotiation, I want to make a suggestion to help close a deal, especially if the seller is apprehensive about selling to a domain investor.
You might consider offering the domain owner some back end upside to the offer to entice him to sell. Perhaps you can offer a
A friend and I were discussing a couple of names we each own in the hopes of working out a cash + domain deal. We sent a few emails back and forth and had a couple of Skype conversations about the domain names that would be included in a deal deal. Half of the time was spent discussing why each other’s names weren’t all that good… I love playing the game of devaluing domain names.
I’ve played and seen this “game” played many times in negotiations. I want to buy a domain name or someone wants to buy my domain name, and when it comes time to figuring out the price, there is often resistance and sometimes friction. To get a better price on the domain name, the buyer may spend time telling the seller why the domain name is worth less than the seller’s asking price, and the seller does the opposite.
Some examples of this “devaluing” include:
Every now and then, I receive an email asking if I’d sell the domain name of one of my developed websites. More often than not, the person inquiring has either used an email program to try and buy good domain names en masse or the person simply didn’t check to see if a domain name is being used for a business.
Had the inquirer visited the website first, he would have known an inquiry is unlikely to lead a domain sale or they wouldn’t have bothered to inquire at all, saving both of us time. I want to share a tip on how visiting a website can be beneficial to you in your efforts to acquire great domain names, both
Just about anyone can list a domain name for sale on various domain name aftermarket websites. If the seller can prove he or she has possession of the domain name, there isn’t much an aftermarket website can do to prove otherwise. This makes it somewhat easy for someone to list a stolen domain name for sale.
Before buying a domain name, whether it is a private sale, aftermarket purchase, or even an auction purchase, domain buyers need to
I want to share the video below, which is currently being promoted on the BuyDomains home page. The company is educating its SMB end user audience about the value in spending money to purchase the “perfect domain name” in the aftermarket rather than hand registering a lower quality domain name. It helps to answer the question that ย end user buyers may have: “why should I pay $3,000 for this domain name when I can register one for $10?”
Aside from the fact that this video will be seen by many end users, I think domain investors can benefit from this video by sharing it with potential buyers. Let’s say you’re involved in a negotiation and the prospect mentions that they are considering other domain names. You can share this video to illustrate why they should buy the better domain name. Similarly, you can share this video with a company that is operating on a lesser quality domain name than the one you’d like to sell.
I reached out to
When it comes to domain investing, there are relatively few barriers to entry. All it takes is around $10 and a credit card or Paypal account, and a person can consider himself or herself a domain investor. Compared to investing in physical real estate or the stock market, the cost of entry into this business is very low.
One thing I’ve noticed is that people tend to not just buy one or two domain names when they are starting out. I’ve noticed that people seem to spend hundreds or thousands of dollars on hand registered domain names without much experience. Chances are good that this will make the domain registrar rich rather than the domain investor.
My advice is pretty simple.
