Do You Hate The 2 Candidates?

Elliot Silver
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I saw an amusing tweet from Igloo last night during the Presidential election debate:

The brokerage, known for its brokering of high value domain names, is looking to sell two political domain names: IHateDonaldTrump.com and IHateHillaryClinton.com. Interestingly, the Clinton domain name was registered back in 2012 and the Trump domain name was registered in 2015. It looks like both domain names have domain name inquiry forms on their landing pages right now.

Although time is running out on this Presidential election (THANKFULLY), I have a feeling that these domain names will keep their meaning for a long time considering how polarizing Donald Trump and Hillary Clinton are.

I have no idea what the prices for these domain names are, but I thought it was a bit amusing to see during last night’s debate.

You Might Want to Accept the First Counter Offer

Elliot Silver
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One of the most exciting aspects of buying and selling domain names is the negotiation. You have a purchase or sale price in mind, the other party has their price in mind, and you go back and forth in the hopes of closing a deal. Based on my experience, sometimes it is better to accept the first counter offer and just close the deal than risk losing the deal by counter offering.

Let’s say I want to buy a domain name I think has a wholesale value of $20,000, so I kick things off with a reasonable offer of $10,000. Sure, the offer may be a bit low, but it isn’t a $100 offer that the seller probably sees every week, and it is strong enough to show the seller that I am serious. Being a reasonable domain owner, the seller counters at $15,000. The hard part is deciding whether to try and save some money by either sticking to my offer or improving it. Alternatively, I can simply say “deal,” and get it done.

I have regularly gone back to try and get a better deal. Domain investing is part speculation, and I think an investor makes his money on the buy-side. Sometimes the market is weak or a domain name isn’t as valuable as I might expect, so getting a good deal is important. There is a big risk to going back and countering the counter offer though.

A seller may begin to re-think things. He may realize he isn’t likely to get what he wants on the name and try to find another buyer for the domain name. This can drive up the price. The seller may simply say “no thanks” and take the domain name off the market.

When I counter offer, I am effectively

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Connect with a Branding Agency

Elliot Silver
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Last week, Alan Dunn shared a link to an article about a company that decided to rebrand as Alongside. The company was able to acquire the exact match Alongside.com domain name, although the article didn’t really discuss how the domain name was acquired. It did, however, give me an idea that might help me sell domain names.

There are two excerpts from  the article that grabbed my attention:

“We enlisted Pauly Ting to help us make sense of it all and come up with a name that fits us perfectly.”

“We enlisted Rob Meyerson from Heirloom, who had an impressive naming background for some of the biggest brands in the world”

Many companies use

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Flu.com is for Sale on NameJet

Elliot Silver
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I was looking through the upcoming auction list on NameJet, and I saw an interesting domain name for sale: Flu.com. I saw that this auction has a reserve price, so I knew that it was a private listing rather than an expiring domain name auction.

Interestingly, Whois records show that Flu.com is owned by a company called Medimmune, which is described as the “global biologics research and development arm” of pharmaceutical giant AstraZeneca. It looks like AZ has a flu vaccine, but it doesn’t appear that this is going so well, according to an article in the Wall Street Journal this Summer.

If you visit Flu.com right now, you can see that it is a parked page with PPC advertising. There is also a “Buy this domain” link at the top of the page taking visitors to a Parking Crew inquiry form:

flu-com-landing-page

Archive.org shows that Flu.com was once used as a

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Sales Reports May Not Tell the Whole Story

Elliot Silver
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I was chatting with a friend at The Domain Conference, and I congratulated him on a deal that I recently read about. Coyly, he told me that I shouldn’t believe all that I read. After chatting with him for a couple of minutes about it, I think I understood what he meant, although he wouldn’t share any details with me!

The vast majority of domain name sales are all cash. In some instances, in addition to a cash component, a company may give the domain seller additional compensation. Some types of compensation that I can think of off the top of my head include shares in the company, an earn out opportunity (% of sales for example), or some type of stock options. I am sure there are other types of compensation I am not thinking about.

Domain sales platforms and brokers that report transacted sales tend to only

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DomainName.com Listed for Sale via Sedo

Elliot Silver
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Earlier this morning, Dave Evanson tweeted that Sedo has the exclusive sale listing on DomainName.com, and he is the broker charged with selling the domain name:

In a comment to me about the listing, Dave said “It’s the perfect domain name for a serious player in domain name industry or for someone coming into the industry with a huge splash.”  Dave told me the asking price is $2.5 million.

According to DNJournal, DomainName.com was acquired at the BoxCar / Domain Consultant  auction for $1 million back in 2011. Ocean.com also sold in that auction for $100,000. Interestingly, I recently reported that Ocean.com may have recently been sold, although Richard Lau did not provide a confirmation.

In light of these two recent sales as well as Richard’s sale of the NamesCon domain conference, I asked Richard if he could comment on the DomainName.com sale listing. I also asked him if he was getting out of the domain business. Here’s what Richard shared with me this afternoon:

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