Using a Domain Buyer Broker

Using a domain buyer broker service can be an effective way of acquiring a domain name.  

I enjoy just about every aspect of acquiring a domain name. From searching for the owner of the domain name to negotiating a final purchase price, the “chase” is almost as exciting as closing a big domain sale. I’ve found that the more challenging it has been to find a domain owner and secure a deal, the reward is almost always commensurate with the effort.

Despite the exhilaration I get from the process of buying domain names, using a domain buyer broker to secure a deal may be advantageous, especially to  people who are not active domain investors. A domain buyer’s broker can save time, reduce stress, and can help the buyer save money on a domain name deal. I’ll give you some examples.

Some of my better deals have come from

If The Answer Isn’t “No” Be Persistent

Yesterday, I wrote an article discussing transacting a domain name purchase in person, and the part of the article covered how I had been trying to buy this domain name for a few years. I want to discuss that aspect in this article.

Had I not been persistent, I am sure I would not have had the opportunity to buy the domain name. I must have sent 4 or 5 emails since 2010, and I also made a few phone calls. Despite the fact that I only received one reply before getting a counter offer, I persisted, and that helped me close the deal. I want to share a few pieces of advice that might help you get the domain name you covet, and I welcome your input as well.

When I sent these emails, I kept them

Doing a Domain Name Deal in Person

I have been trying to buy a particular domain name since 2010. I didn’t hear back after my first offer, had my second offer rejected, and my third and fourth offers went unanswered. I followed up in March of 2013, but I didn’t receive a response, and I figured there was no deal to be had.

Two days ago, I received a reply to my offer, and the owner provided a reasonable counter offer. I agreed to purchase the domain name, and we had a couple of phone conversations to discuss the transfer of the domain name. Because the owner lives within a couple of hours from me, he asked that we do the deal in person. He has a couple of businesses offline, and although he bought a number of domain names many years ago, he doesn’t have much of an active online presence.

I am most likely going to meet this seller in person for a couple of reasons. First, I initiated contact with him, so it’s not like he was targeting me to harm me or steal from me. Second, I don’t want to take a chance that I lose out on this deal since I’ve wanted to buy this domain name for a while. Finally, he is willing to do escrow through his attorney’s firm (a large firm in the state), but I would imagine that could take quite a bit of time since they probably aren’t all that familiar with domain transactions.

Listed below are 5 precautions I am going to take when buying the domain name in person. As always, I welcome your advice and feedback.

Mass “Individual” Domain Inquiry Emails from Domain Investors

A few weeks ago, I received an inquiry on MKM.com. The person inquiring had what looked like a real email address and he made a low offer for the domain name. It wasn’t a $500 offer, but it wasn’t all that reasonable either. I replied “nope” and moved on. Two weeks later, the same person emailed me about RER.com, this time without an offer and telling me that he needed it for a project. Clearly, this was a domain investor rather than an end user buyer.

I get quite a few inquiries on my domain names asking about their availability. Many of these seem to come from what sounds like a real person based on the email address. Instead of using a throwaway Gmail or Hotmail account, these buyers will use something like Angelica@AngelicaFunwoody.com  (made up)  or some other real sounding domain name. Although these emails seem like an end user wanting my domain name, they are most likely another domain investor using a pseudonym.

There are several ways to get an idea about whether or not the email is from another domain investors masking his or her identity. Here are a few telltale signs that it is a domain investor sending automated emails:

Why I Don’t Like to Share Stats

When I purchase domain names, I almost never ask the owner about stats. I’ve come to find that analytics are different for parking companies and for different stat trackers. Aside from this, I don’t find stats particularly interesting to me because I am buying domain names based on quality rather than traffic and revenue.

I am often asked for a domain name’s stats when selling domain names to other domain investors. On occasion, I will share them with the potential buyer, but I usually just tell them to assume there is no traffic. Sometimes I have stats available on my parked domain names, and other times, I don’t have them available on certain domain names where I haven’t enabled Google Analytics or Stat Counter.

On the infrequent occasions that I have shared stats, I have never received a reply “oh wow, that is a lot of traffic” or anything close to that. More often than not, the potential buyer uses the stats I provided as a means of negotiating a lower price. Perhaps the buyer did think there was more traffic than there really is, but I think it can hurt a sale more than help it, unless the traffic and revenue numbers are legitimately very high.

When selling to end user buyers, I am not often asked about traffic numbers. Most of the time, the buyer is looking at the domain name to either start a new website, use it in addition to the current website, own it for defensive purposes, or buy it for a future project. I am asked on occasion, but typically, this information hasn’t been used by end user prospects as a negotiation tactic (in my experience).

I like to buy and sell domain names based on the inherent keyword value of the domain name. Although having some traffic is good, I don’t look at the amount of traffic as something that would be a dealbreaker.

How I Acquire Domain Names

In a comment on my blog last Tuesday, Richard asked “It would be nice to hear a little more about your acquisition tactics – can you share how and where are you acquiring your inventory Elliot?” I thought it would be interesting to share how I buy acquire the majority of my domain names.

In terms of volume, I probably buy more domain names on the aftermarket via NameJet than anywhere else. I certainly don’t buy a whole lot of inventory, but I buy quite a few domain names each month. I primarily use