Lots of Domain Buyers

I know what Ron’s numbers are telling him (and us), and I know that many domain investors at all levels are publicly and privately saying that there aren’t many buyers (on the investment side) out there right now. However, I think there are still plenty of buyers out there, but it just takes extra effort to find them these days, and your pricing has to be reasonable.

Here are a two suggestions on how to find buyers right now:

Contact some of the new owners of domain names that recently sold (listed on DNJournal) if you have similar domain names. Distinguish between end users who bought a name because it matched their corporate branding from those who were buying to enhance their company’s online presence, and from those who are investing in domain names. Each type of buyer has different needs, and you need to be able to tell what their needs are before you contact them, otherwise they will simply delete your email.

Follow along with what is selling at the auction houses – even the inexpensive purchases – and contact those buyers as well. Send them similar names that you own and price your names reasonably. Remember, if you are contacting them with names that you’d like to sell, you should name your price upfront. You might make less profit per domain name this way, but if you sell a small portfolio of names, you will increase your profits, despite a tighter profit margin.

I have been finding that there are less buyers in the $10-100k range right now unless you are giving really great prices on your domain names. However, it seems that people are still buying less expensive domain names, which can still be highly profitable. Buy smart and sell smart.

On a side note, I plan to discuss my experience with Snapnames outlined in my post, “Make a 1,000% Profit.” I am leaning towards keeping it in the newsletter, so sign up if you’re interested. (If you think the weekly/bi-weekly newsletter sucks, it’s easy to unsubscribe since I use Constant Contact). The results I have have been very strong, but I won’t write my summary until the funds have been wired.

Castello Brothers Are Opening Their Vault

David & Michael CastelloI had a chance to speak with David and Michael Castello last week about our industry, and we spoke at length about current trends, projections and their three year development plan for CCIN’s portfolio. This got us talking about some of their other names they haven’t developed. David mentioned that CCIN never bought a domain name they didn’t intend to develop, and I pressed them about when they thought they would develop ALL of their domain names.

After much back and forth (and some teasing about how David would be 105 before they’d be able to develop everything) I convinced them that it might be a good idea to sell some of their great names they wouldn’t have time to develop in the foreseeable future. They could put a few on the market, allowing a developer to buy them for a good price and build out a name. David especially liked the idea because he has seen many people turning to developing less quality domain names because they couldn’t buy better .com domain names.

Needless to say, I have convinced David and Michael to allow me to broker some of their domain names, and the first one I am selling for them is Caracas-Venezuela.com for $7,500. This is the exact keyword domain name of the capital city and main tourist destination for Venezuela. In comparison, Boise-Idaho.com, a much smaller market, sold for $65,000 just a couple of years ago. Caracas-Venezuela.com is 10 years old and is ripe to develop and monetize.

This is an exclusive listing on my blog, and the first person to post “sold” in the comment section will get a great domain name at an even better price.

NameMedia & NSI to Hold Domain Sales Seminar

In addition to the news released by NameMedia yesterday announcing changes and improvements at Afternic, I want to let you know about   a domain sales webinar they will be co-hosting with Network Solutions. The Webinar, which will be held at two different times, is free of charge, and it will cover domain sales “How to” basics. A tour of the new Afternic platform will also be included to show people the new features of the platform.

The two webinar sessions will be held on Thursday, July 9 from 2:00 – 3:00pm EDT and on Thursday, July 23 from 2:00   – 3:00pm EDT. Click the embedded links to sign up for the session.

Some of the announced improvements and changes to Afternic include:

– A new and improved user interface to make it even easier to find exactly what you need.

– Improvements to increase your chances of a successful sale — including a brand new promotion level that allows you to reach a much wider audience of qualified buyers.

– Cutting-edge portfolio management tools that streamline the buying and selling process

AthensVacations.com – Domain for Sale

<a target="blank" href=I have sold several Country/Region Vacations.com domain names in the past year and a half, and I am listing AthensVacations.com for $5,500. Athens is one of the most popular tourist locations in the world, and I think this can be built into a great travel portal. If it doesn’t sell this week, I plan to develop it similarly to TobagoVacations.com, which is now earning around $1.50/day with Adsense after just launching a couple of weeks ago. I think AthensVacations.com is a far superior domain name, and it would be great for a smallish website with a WC Travel or IAN hotel affiliate engine on it.

One of the biggest online travel agencies, Vacations To Go, has a number of city, country, and regional vacations.com domain names, and they use them to forward traffic to their primary website. The company owns names such as StockholmVacations.com, BarcelonaVacations.com, BrusselsVacations.com, BucharestVacations.com, CairoVacations.com, and many more great names like this.

Below are some comparisons of Vacation/Vacations.com domain names that have sold recently, and I think you can see from this that AthensVacations.com is listed at a very fair price:

CaribbeanVacations.com $130,000
EuropeanVacations.com $85,000
IrelandVacations.com $17,250
AustraliaVacations.com $16,000
AsianVacations.com $15,000* Sold via ElliotsBlog.com
BudgetVacations.com $10,300
CanadaVacations.com $9,600
FijiVacation.com $9,200
BahamaVacations.com $8,188
SwitzerlandVacation.com $7,500
IsraelVacations.com* Sold via ElliotsBlog.com (price not revealed)
EnglandVacations.com* Sold via ElliotsBlog.com (price not revealed)

The first person to post “sold” will get the domain name. This is a multi-venue listing, and I believe it will sell quickly, so if you want it, claim it. The domain name is registered at Moniker.

Photo Source

NNNN.com Domains for Sale

I am now selling the following numeric domain names:

2373.com – $625
3252.com – $625
4055.com – $625
4797.com – $625
3806.com – $625

All 5 domain names can be purchased as a set at a discounted price of $2,850.   The domain names are registered at Moniker for an easy push. This is a multi-venue post, so first to post sold gets them.

Quickly Sell a “Faddy” Domain Name

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.