How Much Time Do You Give Someone to Pay?

7

I have been going back and forth with a prospective buyer on DAN.com for several months. We exchanged offers multiple times, I made a counteroffer I was sure he would accept, and the offer timed out. I asked him a couple of questions, which were met with silence. A couple of weeks later, he made the same offer to me, and instead of playing games, I accepted the offer.

When I buy a domain name, I make my payment as soon as the agreement is signed or as soon as the platform and my bank will allow. If I agree to a deal during business hours, I make every effort possible to fund the deal immediately. Some buyers are like me and others drag their feet. When I have negotiated via email with someone over a period of time, we have usually established some sort of rapport. I can get status updates on payment and the counterparty is typically forthcoming. When negotiating via platform like DAN, the experience may be a bit less personal.

Steps to Complete a Domain Name Purchase

2

When buying domain names privately, I deal with many people and/or companies that do not regularly sell domain names. Some of these counter parties have never sold a domain name and they do not know the steps involved in completing a domain name purchase.

In order to make the process understandable for them, I provide a bit of a step by step guide to completing a domain name sale. Here are the steps I outline:

FuckYouPayMe.com Sold via DAN

4

One of the most memorable lines in the movie Goodfellas is “Fuck you, pay me!” You can watch the scene below if you aren’t in a work environment or around children or others who might care about a little bit of cursing:

This morning on Twitter, Vito announced the sale of his four word FuckYouPayMe.com domain name for $4,499. I recall seeing that domain name recently, and NameBio shows the domain name was acquired via GoDaddy this past December.

From the looks of the screenshots in the tweet, the deal was closed via DAN.com:

Blade.com Was Acquired for $503,000

2

At the end of last year, I reported the sale of Blade.com. The domain name was acquired by the aviation company that operates under the Blade branding. The domain name was sold by Anything.com, a company that owns a portfolio of exceptional domain name assets. The timing for the acquisition made sense because the company is planning to go public via SPAC merger, according to an article on the NASDAQ website.

While the sale price of Blade.com was not shared at the time the transaction was confirmed, a public SEC filing uncovered by George Kirikos has revealed the purchase price of Blade.com: $503,000. Here’s an excerpt from the Form S-4 filing with the SEC that reveals how much money was paid to acquire Blade.com:

Badger.com Acquired for $300,000

2

The Badger.com domain name has been acquired for $300,000 according to an article on Coin Telegraph. The domain name forwarded to a landing page on the Media Options website, where it was listed for sale for several years. Badger DAO will be the end user of the Badger.com domain name.

Candy.com Has Been Sold

5

Over the years, Rick Schwartz has written about his sale of Candy.com many times on RicksBlog.com and Twitter. Rick famously sold the domain name to an up and coming candy company, and he retained an ownership stake in the business. From what I understand, the domain name was an important part of the company’s growth, but it has become less integral to its current success.

The company behind Candy.com put the domain name on the market late last year, and Candy.com was being brokered by Andrew Miller: