I am looking to sell 887.com. I will consider offers for it for the next few days. Please post an offer in the comment section or via email. The name is not parked, so I don’t have traffic stats for it. This is a pretty good nnn.com name in my opinion. If you want to make an offer via the comment section but don’t want me post your info, let me know and I will keep your name private.
Again, 887.com is up for sale, and I’d like to sell next week.
I’ve heard a lot of mixed views about structuring deals that don’t require 100% payment upfront. Instead, the owner typically receives a payment upon closing and either a profit share or structured payments over time, depending on the success of the company who buys the name. If you can afford to wait to be paid, I think these types of deals are fantastic.
When I was at AIG (accident insurance sold via direct mail, phone and web), many of our deals were structured to benefit the marketing partner more on the back-end in exchange for concessions on the front end. Our partners knew our group’s track record, the LTV of customers, and they knew a back-end deal could be more lucrative. This allowed our group to spend more on testing and helped our current P&L. Only if the campaigns were successful would we have to pay a greater share of the long term revenue.
For domain deals, I think this could work in the same way. The caveats, of course, are that the buyer has a track record of successful Internet companies and that you retain control of the domain name if the business fails. While the upfront profit may be less, the back-end potential should be set up to be far greater than if someone would pay all cash. Doing a deal like this really requires you to not need the cash upfront, but it could be beneficial if structured correctly.
Many of the largest domain companies and domain venture capital companies have been successfully structuring their deals with less cash upfront and greater back-end considerations. If someone with a proven track record and a solid deal were to approach me, I would strongly consider a mutually beneficial deal structured in this manner.
I am making a special offer today on 2 Geodomains. BerkeleyHeights.com and LittleEggHarbor.com are for sale as a pair for just $8,000. I offered BerkeleyHeights.com on my blog last week alone for $9,000, but I am offering the pair today for less.
In addition, to make this an even better offer, I will add a mini-site for each of these domain names, built by AEIOU.com. I added several pages to an AEIOU.com mini site on Secaucus.com (and a logo), and I am seeing an increase in search traffic just a couple of weeks after going live.
Here’s a bit of information on these two great residential New Jersey towns:
BerkeleyHeights.com:
– In Money magazine’s 2007 Best Places to Live rankings, Berkeley Heights ranked 45th of out of a potential 2,800 places in the United States with populations above 7,500 and under 50,000
– Population: Just under 14,000 in 2007
– Median Household Income: $107,716
– Median house/condo value: $638,600
– Transit: NJ Transit Bus and train stops in Berkeley Heights for commute to Manhattan – 40 minutes by car/bus without traffic, less on a train
More information about Berkeley Heights can be found here:
http://en.wikipedia.org/wiki/Berkeley_Heights,_New_Jersey
http://www.city-data.com/city/Berkeley-Heights-New-Jersey.html
http://www.google.com/search?num=100&hl=en&safe=off&q=berkeley+heights&btnG=Search
LittleEggHarbor.com:
Little Egg Harbor, New Jersey and has population of around 16,000 at the 2000 census, and according to Wikipedia, “Little Egg Harbor is growing rapidly, adding 2,500 more residents since the 2000 Census”
Map of Little Egg Harbor: http://maps.google.com/maps?hl=en&q=little%20egg%20harbor&um=1&ie=UTF-8&sa=N&tab=wl
I am looking to sell BerkeleyHeights.com for $9,000. Berkeley Heights, New Jersey is a town that’s similar to Secaucus, NJ (I paid $11k for Secaucus.com at the GeoExpo and am now making $2-4/day with my mini-site – and very little SE traffic so far). Here is some info about Berkeley Heights, NJ:
– In Money magazine’s 2007 Best Places to Live rankings, Berkeley Heights ranked 45th of out of a potential 2,800 places in the United States with populations above 7,500 and under 50,000
– Population: Just under 14,000 in 2007
– Median Household Income: $107,716
– Median house/condo value: $638,600
– Transit: NJ Transit Bus and train stops in Berkeley Heights for commute to Manhattan – 40 minutes by car/bus without traffic, less on a train
More information about Berkeley Heights can be found here:
http://en.wikipedia.org/wiki/Berkeley_Heights,_New_Jersey
http://www.city-data.com/city/Berkeley-Heights-New-Jersey.html
http://www.google.com/search?num=100&hl=en&safe=off&q=berkeley+heights&btnG=Search
This is a strong domain name that can be developed much like I did with Secaucus.com. At the moment, after my recent acquisition of FrenchRiviera.com, I am looking to sell a few names and work with what I have.
First person to respond to buy it will get this gem at a good price.
AIG survived a close call when the federal government agreed to give them an $85 billion loan in exchange for equity. As I understand it, this will allow AIG the opportunity to find buyers for some of its assets rather than force them to sell for rock bottom prices in a fire sale. Because of AIG’s global reach, a fire sale would have impacted worldwide markets in a huge way. From my experience working with AIG, I know AIG has relationships with many of the biggest financial institutions and companies throughout the world. Without the US government’s intervention, there would have been a huge impact never seen or felt before on a variety of industries.
Let’s look at it from a domain perspective. There are several major holders of premium domain names. While domain names can be highly valuable assets, most don’t generate a ton of incremental revenue compared to their actual value. If a major domain company made bad hedges (maybe TM investments resulting in lawsuits or some other debt problems) and they needed instant capital to pay this down, they would be forced to sell their valuable assets. If they needed cash immediately, it wouldn’t be easy to get hundreds of millions of dollars in a short time frame from other domain investors.
That said, if they needed to liquidate their domain names immediately, domain values would plunge as not all domain investors would be able to eat the hundreds of millions of dollars in domain names that were poured onto the market. Good luck trying to convince a bank or lender to give you $5 million or $25 million to buy domain names. The best performing names would probably be bought, but the mid-level names and lesser names would flood the marketplace. Those in a strong cash position would buy a small percentage of the best names, but the others would be available, causing everyone elses values to decline.
There wouldn’t be a ton of money to go around in the aftermarket, so domain sales would be difficult. Since we live and thrive in an industry where the most avid buyers are those who own the largest portfolios rather than outside investments, if the money well went dry, it would be hugely impactful on us all.
The next several months are going to be difficult for many. The best advice I can give is to be prepared. Keep enough cash on hand to survive for a bit of time just in case. Irrational thinking and anxiety can cause periods of massive uncertainty and chaos, and we all need to be prepared. Unfortunately, we are all in uncharted territory now and there is no telling what tomorrow will bring to the financial markets.
On the treadmill last night, I was thinking about how to get around administrative assistants and other obstacles in the way of directly communicating with a decision maker. Most of the time at mid to large companies, the decision maker has an admin who reviews all emails and phone calls before passing them through. If something appears to be spammy, there’s a good chance the message will be deleted before the decision maker sees it.
In the day of Linkedin and Facebook, more and more people (including decision makers) are signing up for accounts on these networks. Since it isn’t always business that is discussed on these networks, I would assume that many connect their personal email addresses to the account. With the help of a mutual friend – or maybe even a cold call, you can get in touch directly with the decision maker. Although it will still be difficult to get in touch with a decision maker at a large company, it’s possible to do this to those at small to medium size companies.
The difficult thing is determining who the decision maker is. Social networking sites actually play a role in determining who to contact, as most allow the decision maker to list his credentials right on the site. If you get in touch with the wrong person, there’s also a good chance that this person will tell you who the right person is.
Instead of sending a blind email, social networking communications could help you get in touch with the decision makers you need to reach. The caveat is that I just thought of this and haven’t tried it yet.
