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Sedo’s Weekly Sales – $1.53 Million

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SedoThis past week at Sedo, there were a total of 899 sales, totaling $1.53 million. Most interesting to me was the fact that 35% of the total sales were the result of Buy Now listings, meaning the domain owner had priced the domain name upon listing it for sale. It’s especially interesting in light of my post earlier today about replying to inquiries.

The leading sale of the week was the $40,000 sale of makassar.com, and heartoflove.com followed at 30,000 EUR. There were several two letter .DE sales last week, and the prices seem to be relatively low for the .DE extension (my opinion).

The entire list of Sedo’s public sales over $1,000 from last week are listed below.

makassar.com 2011-12-12 40000 USD
heartoflove.com 2011-12-09 30000 EUR
easycareonline.com 2011-12-05 13000 USD
topoilfield.com 2011-12-12 10825 USD
onlinemastersprograms.com 2011-12-06 10000 USD
kyc.com 2011-12-09 10000 USD
iaso.com 2011-12-09 10000 USD
dj.fm 2011-12-08 10000 USD
littlehouse.co.uk 2011-12-09 10000 GBP
play.info 2011-12-08 9999 USD
xng.com 2011-12-09 9900 EUR
playaespiritu.com 2011-12-12 8000 USD
scandinavia.se 2011-12-05 8000 EUR
coinflip.it 2011-12-08 8000 EUR
centrecommercial.fr 2011-12-12 8000 EUR
gainingweight.co.uk 2011-12-07 8000 GBP
clippingpath.com 2011-12-09 7800 USD
wpmudev.com 2011-12-06 7500 USD
room18.com 2011-12-05 7000 USD
qade.com 2011-12-12 7000 USD
hotels1.com 2011-12-07 7000 EUR
livefootballtv.com 2011-12-08 6700 USD
homeinsurance.biz 2011-12-08 6600 EUR
il.de 2011-12-07 6577 EUR
concrete.tv 2011-12-05 6500 USD
vg.de 2011-12-06 6101 EUR
creativ.com 2011-12-05 6000 EUR
miamimattress.com 2011-12-05 5750 USD
thermio.com 2011-12-09 5250 USD
gratisapps.com 2011-12-06 5000 USD
newsia.com 2011-12-07 5000 USD
home24.at 2011-12-08 4925 EUR

How Do You Respond to Inquiries?

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I get quite a few unsolicited domain purchase inquiries. Many of them come as a result of the Voodoo.com sales form, others are sent presumably after finding my email address via Whois search, and others are sent directly from contact forms on my websites (like SHS.com and even DogWalker.com).

Generally speaking, I will reply to inquiries by asking the potential buyer to submit his or her best offer, or tell them the domain name is not for sale in the case of SHS.com inquiries and inquiries to my developed websites.

Lately, I’ve been finding that many people don’t even respond to my email replies that say something to the affect of “Feel free to submit your best offer for consideration.” I guess many people have no idea how much a domain name is worth and don’t bother submitting an offer.

I know there are people who will always price their domain names in response to inquiries, but I generally don’t. I prefer to let them make the opening offer so I can  gauge  whether they’re a buyer who will pay what I want or someone who will waste my time. It also gives me more of a negotiating advantage, and I don’t have to set a price, which establishes a ceiling. Needless to say, if they aren’t responding to my email reply, the deal is done regardless of who they are.

How do you respond to offers, and how has that been working for you?

Sedo Sells 3D.com for $500k

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As is the tradition at Sedo, Director of Sales Kathy Nielsen rang the office bell to announce the sale of 3D.com. The company successfully brokered 3D.com for $500,000, in a deal that closed yesterday. The domain name was put up for sale in April of this year, and it appears to be owned by Register.com. The buyer’s identity was not revealed.

Congrats to Sedo on closing this big sale yesterday.

 

Where to Sell .XXX Domain Names

Every time a new domain extension becomes available for the general public to purchase, domain investors always want to know where they can sell the domain names they just purchased. This morning, someone asked “Where/how can i sell or auction a .xxx domain that i don’t want?”

Here are a few suggestions:

Sedo.com   – There’s an adult section called “XXX – Adult,” and I am pretty sure they will permit .XXX domain names to be listed in that section.  I am awaiting confirmation.

Afternic – Although .XXX is currently not included in the drop down menu of extensions, I would imagine Afternic will permit .XXX domain sales, since there are other adult related domain names on the site. I am awaiting confirmation, since they currently do not permit .XXX listings.

DN Forum – There is a section on DNF for adult domain sales, and there may be a separate .XXX section opening up. Perhaps Adam Dicker will open DNForum.XXX 🙂

NamePros – There is an adult sales forum and there’s also a .XXX domain discussion forum on NP.

Domain Brokers – My bet is that a number of private brokers like Andrew Rosener, Toby Clements, Justin Godfrey, and Rob Sequin will allow premium .XXX domain names to be included in their newsletters and via their brokerage.

Adult Webmaster Forums – I know many adult webmasters are not in favor of .XXX domain names. However, the sale of .XXX domain names may be permitted on an adult forum.

Do you have any suggestions for sales venues for .XXX domain names?

Afternic Sells $1.26 Million in Domain Names

I just received the weekly Afternic sales report, and the company reported a total of $1,263,330 (which included public and private sales). BonnieAndClyde.com was the largest sale at $13,000 followed by ParkModelHomes.com for $12,696. The Whois hasn’t changed on either domain name, so the buyers are not yet known.

In addition to the sales report, Afternic also announced that it is the exclusive broker on three top domain names: Quiz.com, OfficeSupply.com, and DateOnline.com.

Afternic sales from last week:

bonnieandclyde.com $13,000.00
parkmodelhomes.com $12,696.00
shapewear.co.uk $12,265.00
goldenpoint.com $11,850.00
xlplay.com $9,130.00
thesafechoice.com $6,400.00
NNQ.com $6,251.00
greenereveryday.com $6,160.00
viewyou.com $6,000.00
sitereviews.com $6,000.00
pilateschallenge.com $5,500.00

Learn Why a Domain Name Has Value

I think a majority of the comments I receive on my articles listing the previous week’s domain sales that took place at Sedo and Afternic fall into one of four categories:

  • Most of those domain names suck
  • My domain names are much better
  • I don’t understand why names like that are selling
  • [Domain Name] was a good deal for the [buyer / seller]

Instead of looking at the list of domain names and comparing them to what you own or analyzing them on their merits, I think you need to dig a little deeper and try to determine why each domain name sold. Do a Whois search to see who bought the domain names. When the Whois reflects the new owner, type in the domain name to see what the new owner is doing with it.

Check out Andrew’s post today about some of the interesting end user acquisitions from last week. While in a  vacuum  environment, it might not make sense that some of those domain names sold at those prices, when you dig a bit deeper, you begin to see why they sold.  Oftentimes, companies with unique brand identities want to upgrade to a better domain name. Other times, companies have a marketing campaign and the domain name is beneficial.

As domain investors, we tend to crucify companies that don’t “get it” when it comes to domain names. They may try to be cutesy by using domain hacks or alternative extensions. They may also add a LLC to the domain name or an abbreviation like NY or CA to identify themselves. If they have the chance to buy the exact match domain name for their company, even if their company name seems to suck, it’s a smart move.

I may not think the company name Linens N Things is good, but it would be worse if the company used LinensNThingsNYC.com because their desired name was unavailable when they needed it.

When you are looking at the weekly sales, forget the sales prices on what seems like random domain names. In many of these cases, the sales price doesn’t really matter and may not make sense. The reason that’s the case is that it boils down to a domain owner’s need for money, negotiation skills, and the buyer’s need for a particular domain name.

If a domain owner doesn’t need the cash, he can hold out for a better offer on a seemingly average domain name. Similarly, if a company needs a domain name, they may be willing to pay more, even though they’re likely the only entity that could ever want the domain name. In short, the prices on brandable domain names shouldn’t really matter to you since they can’t really be used as comps.

The next time you read the weekly sales list, instead of complaining about the domain names that sold or lamenting about how much better your domain names are, why not spend an hour researching who bought what domain names. It will be more helpful to you and your business.