Dave Evanson, Senior Domain Broker at Sedo, announced that he brokered the sale of the ElectricCar.com domain name for $180,000. The sale announcement was posted on Dave’s Twitter account this morning:
Just sold ElectricCar .com for $180,000!! Congrats to buyer and seller!!
— dave evanson (@SedoDaveEvanson) May 11, 2020
I used to get annoyed when I received a lowball offer to buy one of my higher value domain names. It’s 2020, and I would expect that if someone is smart enough to know they want to buy one of my one word .com domain names, they will know enough to understand that each has substantial value, and a $100 offer isn’t going to cut it now – and probably wouldn’t have even made sense 25 years ago either.
Instead of giving a snarky reply to prospects or simply of ignoring them, I take a bit of a different tactic these days. I offer a suggestion that might help them as they continue to try and find a domain name in their budget. Here’s an example of a recent reply:
“Sorry, but with a budget of $100, you should look for a domain name that is not already registered by someone.”
i used to like telling people that they would need to go back in time to buy my domain name with their budget. I think it’s a humorous way to let someone know their budget is ridiculous today. Aside from amusing myself, I don’t really think that reply was fruitful. At best it got a chuckle from someone and at worst, it made someone upset that I was making them out to be a fool (perhaps deservedly so).
Today’s reply is a bit softer, and I think it’s more appropriate given the current levels of anxiety and angst people are feeling.
Giuseppe Graziano is the founder of LXME, which is billed as the “Liquid Domains Market Exchange.” LXME has become known for its extensive quarterly market reports focused on the short, liquid domain name market. Yesterday afternoon, Giuseppe announced that LXME was being rebranded as LMX using the LMX.com domain name, which seems like a better matching brand name for the marketplace and platform.
Giuseppe told me the “purpose of LMX is to create a safe environment in which investors are able to trade liquid domains quickly, efficiently and at low fees.” Buyers are able to list one word .com domain names for sale as well as short acronym and numeric domain names on the platform. The platform is currently invitation-only, although sellers with qualifying domain names may apply to create an account. One feature of the platform is creating alerts to be notified when specific types of domain names are listed for sale on LMX.
I asked Giuseppe why he opted to rebrand from a 4 letter branded domain name to a similar, but shorter 3 letter branded domain name. “When we asked our customers what they liked most about our platform, one of the most common responses was that the inventory was limited to top notch domains [pun intended]. We felt that rebranding to LMX.com underlines the quality of the inventory on the platform,” he told me. With the focus on short, liquid domain names, having an even better domain name makes sense.
For those who are curious, the LMX.com domain name was acquired in private earlier this year. The domain name had been owned by James Booth, although Giuseppe and James declined to share the acquisition price for LMX.com.
I’ve had a couple of sales on DAN.com since the last week in March. One sale was a straight-up purchase after a negotiation on the platform, and the second sale was a lease to own purchase using a three year payment plan. I thought I would share a few things I learned about DAN after using the platform for these two sales.
For what it’s worth, I have 271 domain names listed for sale at DAN right now. I started listing late last year with just a handful of domain names. I have added about 250 names in the past month or two.
A few observations and things I learned about DAN:
In a news release yesterday, Facebook announced the launch of Messenger Rooms, a product designed to “make it easy to spend quality time with friends, loved ones and people who share your interests.” In advance of the announcement and product launch, Facebook appears to have acquired the Rooms.com domain name. The news was first shared by James Iles in a tweet this morning:
Facebook just announced their new product, Messenger Rooms. In advance of the announcement, the company acquired the Rooms•com domain from World Travel Holdings through the law firm Hogan Lovells. Facebook also owns Messenger•com. https://t.co/aHVjoBqCZb
— James Iles (@jamesiles) April 25, 2020
People have occasionally asked me if I can help them assess the value of a .net domain name. Although I follow the general domain name aftermarket closely, and I track sales across a variety of extensions, I don’t really have a good pulse on the value of .net domain names. Because of that, I can’t really offer any insight when it comes to the value of .net domain names, even when compared to .com domain name values.
Joshua Schoen shared an interesting comparison of a .com domain name auction sale against a .net domain name auction sale, and I think it is worth highlighting. The discussion that followed on Twitter was also interesting:
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