Founders: This is a Good Week to Lock in an Upgrade

The last week of the year is usually pretty slow for domain investors. Decision makers are traveling and people are not focused on domain name acquisitions if they are in the office. This is great because my family always heads south the last week of the year. Because it is slow for many investors, it may be a great time for startup founders and CEOs to lock in a deal on a domain name upgrade.

When I receive an offer or inquiry during the final week of the year, it usually gets my full attention. I may not be working from the comfort of my home office, but I am not balancing 20 other negotiations either. I imagine other investors also have a lull in negotiations and can be available to focus on one important deal.

Beyond the attention I can give, I may be inclined to try and work out a deal on this side of the calendar. Perhaps I am striving to hit a revenue or income goal, and one final deal will push me over that mark. A more likely scenario is that I would be inclined to lock in a deal that can close when I return home in January. We can reach an agreement on the deal terms and the purchase agreement and transaction can be locked down when I get back to the office.

While many people are traveling and/or taking off time the last week of the year, just about everyone is connected to email via mobile device. Someone who is receptive to a deal in general will likely find the time to negotiate during the last week of the year. People have spent a lot of money on the holidays, and a decent deal might look better this week than it would at another time of the year.

Founders and CEOs should take this into consideration and make an effort to lock in a deal on their perfect domain name upgrade to catapult their business in the new year.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

2 COMMENTS

  1. As someone that has owned my own businesses for just about my entire adult life, this last week of the year I sit and take stock of all the good things that happened, and what needs to be improved for the coming year. I believe if in fact I need to upgrade my reach, digital branding, and web presence and name, it is indeed a great time to search and buy. Of course the Fortune 1000 buyers may think this way, but need to get Board approval for big purchases, but the small to medium size business world I am positive are thinking about upgrading. We will see. One thing for sure….we all never know when the phone will ring or an email will arrive with acceptable offers on names…..I personally am working on deals that I am hopeful close still by week’s end!!!

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