How Quickly I Reply to Offers

Elliot Silver
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13

I think there are two schools to thought regarding the speed in which a domain owner replies to an offer for a domain name. Some people reply quickly in order to capitalize on a hot lead, and others respond slowly as a means of showing a lack of desire to sell a domain name. Generally speaking, I reply to offers fairly quickly.

I don’t necessarily think there is a right or wrong way to reply. I also think the response time should be part strategic and partly related to the situation at hand – both with the business and with the company making the inquiry or offer.

There are several reasons why I tend to respond to offers quickly, and I want to share some of them with you:

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Discussion About Domain Names on Active Rain

Elliot Silver
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32

There’s an interesting discussion about domain names in an Active Rain blog post that was written by Kathleen Daniels, a real estate broker in San Jose, California. In the article, Daniels briefly discusses her interaction with a domain broker regarding a domain name she is interested in buying. Daniels seeks feedback from others regarding the $14,000 asking price.

I’ve done several deals with real estate agents and companies in the real estate business. I have been a buyer and seller of US (city)RealEstate.com domain names and am still buying and selling them when great names are available at great prices. Because of my involvement in this vertical, I thought this article with over 75 comments is a great look into the minds of  real estate agents regarding how they view domain names.

The first thing I noticed is that many people told Daniels that $14,000 for the domain name is

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New Domain Broker Newsletter: “Tracy’s HOT Featured Domains List”

Elliot Silver
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14

There are quite a few regularly scheduled domain name sales newsletters that I receive via email. Some of those include Andrew Rosener’s Media Options newsletter, John Daly’s NameConnect newsletter, and Ryan Colby’s Outcome Brokerage newsletter. I want to share another newsletter I just learned about that has some stellar domain names listed for sale.

Tracy Fogarty is a domain broker at Domain Holdings. I don’t believe I’ve met Tracy personally before, but I’ve done a bit of business with Domain Holdings, primarily with Alan Dunn, Joe Uddeme, and Mark Daniel. I follow Tracy’s Twitter account, and I just noticed that she has a domain sales newsletter, which she linked to in a tweet posted this afternoon. The newsletter is called    “Tracy’s HOT Featured Domains List.” I don’t know how often the list is updated and published, but it looks pretty good.

Some of the domain names included in Tracy’s newsletter are:

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Apple Inc. Now Owns Apple.net

Elliot Silver
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2

 

A few weeks ago, GoDaddy auctions announced the sale of Apple.net for $50,000, which was reported by Raymond Hackney on TheDomains.com. The Apple.net sale was the second largest reported sale of the week.

George Kirikos was tracking the sale, and according to a tweet he posted a few minutes ago, Apple, Inc. was the buyer of the Apple.net domain name. If you do a Whois search, you can see the Cupertino company is now the registrant of Apple.net. As of now, the Apple.net domain name is not resolving, but my guess is that it will forward to Apple.com  at some point in the near future. $50k is a drop in the bucket for Apple, and even though it might not have a specific use for Apple.net, it’s better that they own it than another company.

Apple Inc. appears to own

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FlashCards.com Sells for $250,000 via Sedo

Elliot Silver
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4

According to a tweet this morning (embedded above), Sedo broker Dave Evanson  has brokered the sale of FlashCards.com for $250,000.  FlashCards.com has been registered under privacy protection at Fabulous since 2009, so I am unable to share information about the buyer or the seller. I will attempt to reach out to the company that owned the name back in 2009 to see if they were the sellers and if they can provide any details.

I reached out to Dave Evanson to see if he could share any additional information about the sale, and he was unable to do so. He  let me know that the buyer is an end user buyer, so I would assume this domain name will be used at some point in the future. As of this morning, the domain name is still parked, but perhaps the usage of the domain name will shed light on who bought it.

$250,000 seems like an excellent price for this domain name. In February of 2009, Ron Jackson

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Something to Consider When Negotiating with a Real Estate Agent

Elliot Silver
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22

During the course of the past three years, I’ve sold several domain names to real estate agents and companies in the real estate business, and I’ve also unsuccessfully negotiated with them as well. I want to share a bit of insight I have gleaned from my experience.

When I price my domain names, more often than not the price I give is at optimistic end of where I would like to sell a domain name. Obviously if I think a domain name has a market value of $25,000, I am going to ask for $25,000 when I am asked for a price. As is the case with most negotiations, the buyer generally wants to pay less than the asking price, and the negotiation determines where you end up.

Dealing with real estate professionals can be a bit different. Most real estate professionals deal with homes and properties where the final sale price is somewhat close to the asking price. On occasion, they might end up negotiating a deal that is 20% more or less than the ask, but most of the time, they are dealing within a fairly tight range.

When it comes to domain names, that might not

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