Escrow.com Q1 Report Shows Growth

Escrow.com released its Q1 2024 Domain Name Report this morning via Google Drive. The report showed some growth in the domain name aftermarket over the same period in 2023. In Q1 2024, $84 million in domain name sales was transacted via Escrow.com. This compares to $79 million in Q1 2023.

In the brief summary of the report, Escrow.com shared that the value of .AI domain name sales increased as well. Escrow.com had $2.6 million in transaction volume involving .AI domain names in the first quarter of this year. Per policy, the company did not share any of the sales, nor did they share the largest sale.

Negotiating Too Hard on a Domain Name Sale

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We’ve all been there before. Your asking price out of the gate is much higher than a buyer is willing to spend. Maybe you’re on point with your price, and maybe you’re out of your mind. Whatever the case is, the domain name doesn’t get sold and remains in your portfolio for a long time.

Tony shared the YouTube Short video below we can all relate to. A prospective buyer offers too little for a domain name while the asking price is sky high. Needless to say, the two parties go separate ways and the domain name is still for sale, with an asking price below the original offer:

Domain Finance Calculator Offered by Catchy.com

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Francois Carrillo is best known for his Domaining.com industry news aggregator. He also owns Catchy.com, a platform for selling domain names.

Francois emailed me to let me know about a domain name financing calculator he recently added to Catchy.com that might be of interest to domain investors and domain name buyers. The tool is free to use, and it can be of assistance to investors who want to offer a customized financing deal to acquire a domain name.

Ask Platforms to Reconnect on Failed Deals

I’ve had many agreed upon deals die at the finish line. The buyer agreed to purchase a domain name – sometimes after a lengthy discussion – and then poof – they ghosted. Multiple reminder emails go unanswered, and the domain name is back on the market for sale.

One thing you can do – which I have done – is ask a representative from the marketplace / platform to personally connect with the buyer after the deal failed to try and get the deal closed. I am sure platforms like Dan and Sedo make multiple outreach efforts to close a deal shortly after it has been agreed upon, but following-up at a later date is also a good idea.

Negotiate an Inbound Lead via Broker

Successfully negotiating a deal is something I enjoy. The negotiation is an important aspect of why I find domain investing to be exhilarating. It can also be a source of great frustration. Some people are good at negotiating deals and others aren’t as good. When it comes to negotiating a very large deal – one that could substantially impact your business, it may be wise to hand-off the lead to a domain broker who can expertly negotiate on your behalf.

Some of the top domain brokers are willing to take an inbound lead and help an investor close a deal. These brokers would work on a one-off basis, meaning they’re given a specific inbound lead and have autonomy to use their tools to close a deal with that prospect. Doing this would allow the domain investor to stay out of his or her own way.

Pepe.com Acquired by Pepe Coin ($PEPE)

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Pepe is a popular meme coin ($PEPE) that has been using the Pepe.vip domain name for its website. According to Binance, Pepe is trading against the USD at approximately $0.000006/coin, and its total market cap is in the ballpark of $2.5 Billion USD.

A short time ago, Pepe made a major domain name upgrade, securing Pepe.com, which had been brokered by Media Options. The acquisition of Pepe.com was announced on X yesterday: