Domain Sales

Dilemma of Selling a High Value Domain Name

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Believe it or not, there are many people who struggle with the thought of selling one of their domain gems because of the difficulty in reinvesting in an equivalent or better name for the sales price. When the owner of a $1 million+ domain name receives an offer, he must evaluate the loss of revenue from the name, other potential offers he would miss out on by selling the name, and the tax implications of selling the name.
Additionally, he must evaluate the current market conditions to determine whether he will be able to smartly reinvest the proceeds from the sale into another domain name that will yield the same or better returns. More often than not,

$4 Million Dollar Domain Sale for Moniker

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According to a news release today, Moniker recently brokered the sale of adult domain name FreePorn.com for $4 million. This marks the largest domain sale of 2008, and one of the largest domain sales ever. In May of 2007, Porn.com sold for $9 million.

DebtCollectors.com – Make a Competitive Offer!

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I didn’t want to sell DebtCollectors.com for a few months, when I believe the debt collection industry will be even larger due to credit woes plaguing the US economy. However, due to a time sensitive development opportunity, I decided to sell this name for a great price. If you are interested in acquiring this category killer career/job domain name, please email me ASAP with your competitive offer. The price is VERY competitive, as I would like to close a deal today.

Here is some information about DebtCollectors.com:

Responding to a Domain Name Offer

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Like nearly any piece of property or other asset, almost all domain names are technically for sale for the right price. There aren’t many domain owners who would pass up on a high seven figure cash offer for a domain name, with the exception of developed businesses or very few exceptional domain names. If you sincerely have the ability to pass up on a $5,000,000 for a domain name, I congratulate you, and you can probably stop reading this post and go back to your bottle of 1926 Macallan.
For those of you who have more of a Budweiser taste, please continue.
The problem I see is the way some UDRP proceedings have gone recently, where domain owners can potentially be penalized if they receive an offer and attempt to negotiate a better deal. It seems that some UDRP panels consider an owner’s contemplation of selling a domain name a sign of bad faith. This is dangerous for domain owners, and I know it causes many people to think twice whenever an offer or solicitation is received. Just about everything in this world has some sort of price, and simply because a person would consider selling a possession doesn’t mean that they owned the possession for the sole purpose of selling it.
That said, I think domain owners might be well suited to respond to certain domain email inquiries and offers with an agreement to waive the right to file a UDRP or lawsuit if anything about the domain name is discussed. The person making the inquiry or offer would have to waive his rights to any future legal action before ANY discussion about the name can take place. Any person who is interested in buying the name should be willing to sign, and if someone isn’t willing to sign, it probably means they have ulterior motives, or perhaps they are just kicking the tires.
I am not an attorney, so this isn’t a legal opinion, but the point of this post is to discuss the question of whether this type of agreement would protect domain owners and if it would be a legally binding agreement. Since most domain owners would be willing to sell names in their portfolio for a price (even though that price could be sky high), it might be something worth considering before future negotiations.

CNN Buys iReport.com for $750,000

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Following up on a post from a few days ago, it was revealed that Rick Schwartz sold the name iReport.com to CNN for $750,000.   Also included in this price is the hyphenated version, i-Report.com. These great domain names will be used by CNN to supplement their i-Report program.
Founded in August of 2006, i-Report encourages viewers from around the country to send their own videos and photos of breaking news stories in their cities and neighborhoods. This user generated media feature has become popular, and it frequently allows CNN to break news stories before other networks are on the ground.

Rick Schwartz Sells $750k Domain Name

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On his blog today, Rick Schwartz announced that he recently completed a $750,000 domain deal. The deal will be announced on DNJournal’s Weekly Sales Report in the next week or two. This is great, as most large non-auction sales do not get reported. I believe the more public sales we see reported, the better for the domain industry, as outsiders frequently use completed sales as a means to evaluate the health of the industry.
I am currently in Lowell, Massachusetts taking pictures and doing research for my Lowell.com website. I had a great day exploring the city, and I hope to write more about it on Monday.   Enjoy the rest of your weekend.

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