There have been a number of times where some new faddy trend or buzzword comes out, and I’ve looked up the Whois only to see someone beat me to the punch and registered it minutes before or a while back. I usually tip my hat and congratulate the buyer on his intuition – especially if it was registered months or years prior.

A problem that some people have, most of whom are domain investors capitalizing on trends, is that they often don’t sell at optimal value, hoping or anticipating that another better offer will be received. When a fad dies off and it’s no longer the lead story in the news, the domain name will drop significantly in value and interest in the domain name will wane.

Instead of rejecting every offer hoping for a better one that might not come, it might be a good idea to sell the domain name for a strong offer that’s received in the first few days/hours of the trend, and some of the money should be used to buy a great generic domain name that will stand the test of time (keep in mind you’ll owe taxes on the profit so don’t use it all).

If you can turn an $8 investment into a $10,000 profit in just a few weeks, it’s silly not to do so. Sure, you might leave some money on the table, but nobody every went broke selling domain names at a profit.

On occasion, I will get a phone call from someone who wants to buy a domain name I own. While I do think making a phone call is far better for domain buyers to get in touch with a domain owner, I would recommend that domain owners work out their deals online in emails rather than over the phone.

The primary reason is that you can respond to the inquiry on your own time, allowing you to research the value of your domain name and do some research on the buyer. Additionally, you don’t have to make a snap decision over the phone if you hadn’t intended to sell the domain name.

The secondary reason is that your emails are all trackable. You can easily archive offers for domain names, allowing you to remember what offers came in the past. Additionally, if you have no intentions of selling the domain name now, you can have the person’s email and email address readily accessible when the time to sell comes. It’s much easier to lose a phone number and/or forget who a person in your phone book is after a period of time.

It’s in the best interest of a domain owner to work out a deal online.