DNJournal

Wow… The Chris Hartnett Biography

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I’ve heard a great deal of glowing things about Dr. Chris Hartnett, but I didn’t have much background about who he is or how he became so successful and well-liked. As the title of this post says, once you read the DNJournal cover story this month, you are going to be “wowed!”
It seems that everything Dr. Hartnett touches turns to gold, and this is another inspiring story written by Ron Jackson. The domain industry is made of people who come from diverse backgrounds, with many of the leaders achieving great success in other industries. This is certainly the case with Dr. Hartnett, and his story is inspirational.

Big Week in Domain Aftermarket

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According to the weekly sales report distributed by DNJournal, last week saw some fairly strong deals. There were a few six figure deals, including the sale of Coffee.org, and the drop auction market was hot once again with some strong names fetching decent amounts. The real winner of the week was over at NameMedia.

Not only did NameMedia Senior VP Pete Lamson report to DNJournal that the company had a record first quarter, but May was also recorded as the best sales month in the company’s history. NameMedia’s Afternic DLS also closed 15 LLL.com domain names for $40,000/each last week.   Personally, I don’t own any LLL.com domain names by choice, but I think the purchase shows that the market for these types of domain names are as strong as ever, even with the risk seeming to grow.
Interestingly enough, I had been in contact with Bigfoot about acquiring Let.com from them about 15 months ago, and they were only asking $50,000 for it at that time. It appears they have since sold the name, which is perplexing given the fact that they just jumped in feet first with the purchase of 15 LLL.com names at retail price. I do think it is a good sign for owners of LLL.com names though who are looking to sell their names.
Numeric domain names appear to be hot commodities as well. Because of their relative short supply coupled with the number of uses for these names throughout the world, they always seem to fetch strong prices. I like the fact that numbers transcend languages and are important in many cultures. It is important to research what numbers mean in other countries though! I owned a few numeric names a while ago, and one of them happened to have something to do with death. I sold it ASAP.
It does look like the aftermarket is fairly strong compared to the general economy. I have been and continue to be a buyer both for resale and for development. Hopefully these trends will continue through the summer.

DNJournal on Kevin Ham

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As he always does, Ron Jackson has posted a very nice article about Kevin Ham. While most people got to know about Ham and his entrepreneurial spirit through Paul Sloan’s somewhat controversial Business 2.0 article, Ron’s article gets much more personal. This is a good chance to get more background information about Ham, and it’s an opportunity to see what drives him today.
It’s a nice Sunday morning read.

DNJournal: Oversee.net Founder Lawrence Ng

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As usual, Ron Jackson posted a great article about Oversee.net co-founder and CEO Lawrence Ng at DNJournal. Oversee.net has seen tremendous growth with Ng at the helm, and much of the company’s success can be attributed to Ng’s upbringing and friendship/working relationship with Fred Hsu. Oversee.net has become one of the leading domain companies, with a foothold in nearly every aspect of the domain investment industry, including domain monetization, domain auctions, domain conferences and domain development. Not only that, but Oversee.net also owns 600,000 of their own domain names.
While many companies that have large portfolios of domain names attempt to steer clear of the “domainer” or “domain investor” label, Oversee.net seems to embrace it. The company is a co-founder of the Internet Commerce Association, and is actively involved with domain-related advancement. Aside from using Moniker as my registrar and attending DomainFest, I haven’t done business with Oversee.net yet. From what I have been reading about the company, I am inclined to look into opportunities to work with them.
Please see the rest of Ron’s article at DNJournal.com.

Potential Bias of Domain Price Guides

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I don’t know think I personally know anyone who operates any of the various niche domain price guides, and I don’t think I’ve visited one in a couple of years, but do the owners/publishers own names in that niche? If they do, wouldn’t it be a bit biased to publish pricing material, where their financial holdings would be impacted by a change in price?
For example, if I own a whole bunch of names that begin with 123, and I start a price guide called “123Name Prices,” wouldn’t it be silly for others to read my price guide and consider it an authoritative source, when the value of my names could be impacted by what I publish? When it comes to domain values, I trust my gut and my own personal instinct. When I really need to look for comps, I look at the DNJournal Sales Report as well as DNSalePrice.com, which has an archive of most public sales dating back several years.
I am all for people building websites about smaller niches within the domain industry, but I think people should ask questions when looking at a niche price guide to ensure there is no bias whatsoever. Do the publishers own names in this niche? Do the publishers review all reported sales (looking at escrow/bank statements)? Are ALL public sales taken into consideration – even those that aren’t reported but occur on a public platform (forum, auction, aftermarket site)?
If there is any way a domain price guide could be biased, the person who is relying on it for accurate information should ask those questions before quoting the source.

Dan Pulcrano's Geographic Domain Excellence

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Dan Pulcrano is a geographic domain pioneer, and Ron Jackson’s DNJournal has an in-depth article about Dan and how he was one of the first print media publishers to realize the significance of the Internet and take advantage while the opportunity was there. Dan made a gamble based on his research and gut instinct, and that gamble has paid dividends.
While traditional print media outlets are struggling, Dan has amassed one of the strongest geographic domain portfolios. Geographic domain names are powerful marketing tools, and Dan owns one of the finest geographic domain portfolios, made up of 20 of the largest 30 cities in the United States, including LosAngeles.com, Philadelphia.com, SanFrancisco.com, and Dallas.com.
After you read this article, you will probably realize why I went out and purchased Lowell.com and Salinas.com for development, and why I will always consider buying a city .com domain name.

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