When you have an inquiry or make offer form on your undeveloped but valuable domain names, you likely receive a substantial number of inquiries and offers. The vast majority of these come from unqualified prospective buyers. These people either do not have the budget to afford the domain name, or they do not value the domain name at the level it is worth.
Over the weekend, Rick Schwartz shared some advice about not wasting time negotiating with people who are unqualified:
Rick Schwartz owns one of the finest domain name portfolios that is in private hands. I don’t necessarily think it is just Rick’s purchases make him stand out today, but it is also his ability to retain his portfolio over the years that has put him in such a strong position today.
A little over a year ago, Rick shared the purchase prices he paid for a handful of domain names, like Vagina.com, Queen.com, Bitch.com, Ass.com, and a few others. Over the weekend, Rick posted two tweets to share more prices that he paid to acquire some exceptional domain names:
In 2015, Rick Schwartz sold Porno.com for $8,888,888, as recorded by NameBio. This sale still remains one of the largest publicly reported domain name sales of all time. Depending on where you look, it ranks as either one of the top ten or top 15 domain name sales of all time.
This nearly $9 million payday was not even the bulk of the revenue Rick Schwartz earned from Porno.com. This morning on Twitter, Rick shared that he made $15 million in pay per click advertising from Porno.com:
Earlier this morning, Rick Schwartz announced the Asheville domain investor event he had been planning for this Summer would be delayed indefinitely due to concerns about the Coronavirus:
BREAKING!!
I was supposed to sign the contract w/ The Grove Park Inn TODAY for the #AshevilleMeetup
I can't in good conscience ask folks to buy tickets as #coronavirus is still unfolding etc.
I am delaying the meetup indefinitely until more is known. #Domains #Asheville pic.twitter.com/FpCbBOmFaa
— Rick Schwartz đź‘‘ The DomainKing® đź‘‘ Since 1995 (@DomainKing) February 24, 2020
Rick Schwartz hosted a domain investor event in Asheville, North Carolina last Summer, and it was well attended. This morning on Twitter, Rick announced he will be hosting the event again this Summer in Asheville:
Morning Folks!!
BREAKING!!
I am looking at having Ricks 2nd Annual Asheville Domain Investor Meet-up and Family Outing starting Thursday August 13th.
The show for professional #domain investors.#Domains #Branding #GlobalPresence #AshevilleMeetUp #Asheville #RealEstate
— Rick Schwartz đź‘‘ The DomainKing® đź‘‘ Since 1995 (@DomainKing) February 11, 2020
Earlier this morning, Rick Schwartz posted an “Emergency Industry Alert in the form of a tweet to generate awareness for a proposal from an ICANN Working Group that could be problematic for domain investors. In his tweet, Rick issued a call to action to the Internet Commerce Association (ICA):
**EMERGENCY INDUSTRY ALERT!**#ICANN Proposal #15, would result in the suspension of an entire portfolio of #Domains if deemed a “repeat offender” with *2* #domain dispute losses! (not just the domains that were in dispute!)@ICADomains Please step in!https://t.co/7HeMjeRIsF pic.twitter.com/2LozRbDluN
— Rick Schwartz 👑 DomainKing® (@DomainKing) November 18, 2019
