Be Mindful of the CAN SPAM Act

Last week, I posted an article that shared an email I send to potential buyers of my domain names. The purpose was to give readers an idea about what to write when contacting potential buyers, but there wasn’t information about email protocol, aside from the marketing advice.

A commenter that goes by unknowndomainer made a comment about the CAN SPAM Act, and I think it’s important enough to highlight in a separate article.

According to Wikipedia, “The CAN-SPAM Act of 2003 (15 U.S.C. 7701, et seq., Public Law No. 108-187, was S.877 of the 108th United States Congress), signed into law by President George W. Bush on December 16, 2003, establishes the United States’ first national standards for the sending of commercial e-mail and requires the Federal Trade Commission (FTC) to enforce its provisions.”

People in the US who send commercial emails must abide by this Act or face potential financial penalties. If you are in the US, or if you are sending emails to US-based businesses, I think it’s very important for you to read up on the CAN SPAM Act and be knowledgeable about what you can and cannot do when sending emails.

For me, I generally add a line at the bottom of the email to let the recipient know that it’s a one time hand-sent email and that they weren’t added to any mailing list. In addition, I generally include my company’s mailing address as well, to ensure compliance with the Act.

I am not a lawyer and can’t advise on who needs to abide by the Act or what exactly needs to be included to prevent violations, but you should know about the Act and know what’s in it before you send out emails.

Updated End User Sales Email

I am always tweaking the emails I individually send to end users, and I want to share the latest iteration. Please keep in mind that I individually send these emails to hand selected recipients who I think would be good prospects for the acquisition. It’s similar to what I do when I want to buy a domain name.

There are a few things to note:

  • I try to address the email to the person receiving it (no “Hi,” but “Hi John”).
  • I include a link to my website so they can see who I am and that it’s not a scam.
  • I add some urgency with the mention of the auction  possibility.
  • I don’t list the price so I can receive offers and open a dialog
  • Subject is usually [DomainName – Opportunity] or along those lines.

Let me know what you think of the email and if you would change anything.

Update: For the sake of this post, I am discussing the marketing side of selling a domain name rather than the legal aspect of sending emails. I am not an attorney and can’t advise you on legal issues, like the CAN SPAM ACT in the US, or any other legal issue related to sending email in any jurisdiction.

New Brokerage Listings

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As I’ve done in past weeks, I want to share some new brokerage listings from the popular domain brokerages.  If you have any interest in any of the names that were listed, be in touch with the broker directly.  You’ll notice I also listed a name I am personally selling.

If you work as a domain broker and would like to submit a name you have under exclusive agreement that hasn’t been on the market or has seen a great price drop, feel free to do so.

This week’s new brokerage listings:

Group Domain Name Appraisals

I don’t like appraisals. I think they’re pretty much worthless, and I wouldn’t pay someone to do an appraisal for me because it’s just not possible for a third party to accurately value a domain name.

I believe domain name is worth what someone will pay for it at a given time. That goes for your names and my names. A domain name that I think has no value may have tremendous value to someone with the capital to buy it while a can’t lose domain name can languish in an owner’s portfolio for years.

That being said, I am welcoming you to submit one domain name for a group appraisal. Visitors to my blog are welcome to appraise domain names if they would like to participate.

Hit “reply” and type what you think the name is worth. If you have the time and desire, please offer some insight into why you think it’s worth what you said it’s worth. You could also simply click the “like” or “dislike” buttons to agree with an appraisal.

Whether the actual appraisals are on target or not, I do think it’s good to get a range of opinions.

I’ll kick things off asking for your appraisal of ChelseaRealEstate.com (it will be the first comment so people can reply).

Advice to Find an End User Buyer

I want to share some advice on finding some great domain names that you can sell (or broker to) an end user buyer . This particular buyer can either be someone you’ve sold a domain name to in the past, or a company that you knows buys domain names based on sales reports or your own personal research.

Be mindful that you really need to know what constitutes a good domain name, must have a good sense of domain valuation, and must be good with communication to be sure that you close a deal and aren’t left with a domain name that isn’t worth what you paid for it.

There are several steps to this, and obviously each is important:

What Domain Names Are You Selling?

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Some people took issue with some of the names that were posted for sale on my blog by several domain brokers yesterday. There are a number of reasons why domain names are listed for sale at their asking prices, and there are reasons why brokers choose to list specific names for sale on this venue.

That aside, I thought this was a good idea from Adam in the comment section:  “In fact it’d be interesting to see (althogh I know Elliot would delete them) posted names for sale here from commenters and see how the pricing and names stacked up.”

I am interested to see what domain names you are selling and at what prices. Feel free to post your best domain names that you would like to sell at the best prices, and we can see how they stack up against the names the brokers listed yesterday. Maybe someone will see one of the names and buy it if the price is right.

I am always buying great domain names at good prices. Let’s see what you have for sale and at what prices. Keep in mind that when more than a couple urls are posted, the comment tends to get blocked by Akismet, so it might take a bit of time for your comment to be posted.

The one caveat is that if you list your names without prices, they will be deleted as soon as I can get to the delete button.