Finding The Decision Maker is Critical

A number of times during the TRAFFIC conference, I was asked how I am able to close end user deals. I would never claim to be exceptional at this because I don’t do deals with end users in large quantities, I have had good luck reaching end user prospects to at least get an answer for them. I’ll share a few tips for how I find out the decision maker.

In my opinion, sending highly targeted emails is the way to go and worth the extra time. There are people out there who send hundreds of emails to a huge prospect list, but I can’t imagine that has a high success rate on a good quality domain name. If I was looking to sell Speechwriter.com, I wouldn’t send emails to speech recognition companies just because they share the word “speech.” I would send emails to companies that offer speech writing services.

Similarly, I don’t like to send

SanMarino.com Pending Sale on DNForum

22

Aside from a few three letter .com domain names, I haven’t seen many high value domain names sold on DNForum  lately. SanMarino.com was originally listed for sale in the offers wanted sale section on DNForum in March of 2013. San Marino is a country located near Italy, and it has a population of just over 30,000 people. San Marino is also a city in California with a population of just under 15,000 residents.

At the time the domain name was listed for sale by “Rico,” neither a purchase price nor an offer range were given. In mid-May, a buy it now price of

Be Patient With End Users

When you are selling a domain name to an end user buyer, you need to exercise patience. There are a number of opportunities for deals when making deals with end users, especially if you are doing a deal with a large or publicly traded company.

I want to discuss the three areas that cause the most delays when selling a domain name to an end user buyer. Sometimes all three of these areas cause extensive delays. The key is to not get upset about these delays and to expect them before becoming frustrated, as the decision maker may not be able to cut through the red tape any quicker.

Good Time to Contact End User Buyer

The other day, I read a report about a large deal that had recently been transacted (outside the domain space). The medium sized company made hundreds of thousands of dollars on a deal, and it had been reported in a trade magazine. I own a domain name that could be of interest to this company, and I sent them an introductory email.

After a company closes a significant deal, it might be a good time to approach them about an excellent domain name that the company might have an interest in owning. They could

Press Release: Cruises.com.au Sells for Over $100k

Cruises com auA 6 figure ccTLD domain sale was announced this morning, and I want to share it with you. According to a  press release  I read, “domain name broker, dtrade, has successfully closed Australia’s largest domain name transaction in 2013, over cruises.com.au, valued at $110,000 AUD (approx. $102,000 USD) in a cash deal.”

The buyer is an end user company called Ozcruising Pty Ltd, and the company currently uses Ozcruising.com.au for its corporate website.

Prior to the purchase, the domain name was

Will Government Shutdown Drive Domain Sales?

3

I read an article on Washington DC’s CBS affiliate’s website discussing how some “sugar daddy” websites have seen an influx of signups since the government shutdown. I am sure there are domain investors with affiliate accounts that are benefiting, and I am wondering if the government shutdown may drive some aftermarket domain sales.

I would think that a job loss would cause people to have less expendable income and perhaps hurt the domain aftermarket. However, the government shutdown is not a typical situation where people lost jobs. It’s actually a situation where government employees are not permitted to work. They aren’t being paid for the time being, so money may be tight, but chances are good that they have money saved.

These government employees probably assume they will be paid when (not if) the government reopens, and perhaps some will realize that now is the time to start that business online that they had been putting off. If the business fails, they’ve lost their investment. If the business succeeds, they could leave their jobs down the road.

Knowing that they have a paycheck coming at some point in the future, I bet some of these embargoed employees will take steps to create a new business during this shutdown. I suspect that some of these hundreds of thousands of people will purchase their ideal domain name in the aftermarket. I wouldn’t be surprised to see an uptick in private domain sales as well as new domain name registrations.

While some people may be content signing up for an account on a sugar daddy website hoping that someone else will foot their bills for them, I bet others are going to look at this shutdown as an opportunity to start a new business. Maybe that will lead to an uptick in aftermarket sales.