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Negotiation Tip: Another Reason Not to Lowball

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The most obvious reason you shouldn’t send a lowball offer for a domain name is because it’s unlikely you’ll even receive the courtesy of a response. I guess courtesy may be the wrong word, since some domain owners might not think it’s courteous to offer $500 for a domain name that’s worth $25,000.

There’s another important reason you don’t really want to submit a lowball offer. If you do receive a response, but you don’t receive a counter offer, you will likely be inclined to improve your offer. Now that you know someone is at least monitoring the email address, you might think to come back at $4,000. That’s still a bargain if the name is worth $25,000.

The domain owner will certainly take note of your 8x price increase, and anyone with a brain and a business sense will automatically turn that down figuring there’s gotta be additional money in the bank to raise the offer.

When I reject an opening offer but don’t give my price, my eyes light up when the potential buyer significantly increases his offer. Even if the second offer is a number I’d accept, I’d never immediately accept it knowing that the next offer will be even higher. My feeling in doing so is that I can always go back and take the offer if the potential buyer says that’s his highest offer.

That being said, when you’re on the other side of the table, you need to realize a huge % increase in your offer will almost certainly work against you, so lowballing on a domain name you want to buy is a bad strategy.

Google Now Using G.CO on Maps

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G.COIn July, it was announced that Google acquired G.CO to use as a url shortener for internal Google links. I just noticed that Google has begun using the G.CO url shortener for internal links on its Google Maps pages.

When you enter an address on the map and click on the link button, you’re presented the standard link, which can be VERY long depending on the address. There’s a “Short URL” check box above the standard url, and when it’s clicked, you’re given a url using G.CO.

I haven’t come across other uses of G.CO yet, but I am sure it will take some time for integration within all of Google’s products and brands. With a reported 7 figure price tag, I would hope Google plans to use G.CO more widely across its products and services.

I just came across Google’s LatLong Blog post discussing the url shortener back in August, but I just noticed it. According to the post, “We only use g.co to send you to Google web pages, and only Google Maps can generate a g.co/maps URL. This means that you can visit a a g.co/maps shortcut with confidence, and always know you will end up on a Google Maps page.

Have you seen G.CO used elsewhere?

Foursquare Hackathon Winner May Wish To Upgrade Domain Name

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Foursquare held its “Hackathon” in mid-September, and there were 500 developers from around the world competing. The goal was to build the best app using the Foursquare API.

According to the Foursquare blog, the winner was an entry called “Plan Your Next Trip,” which uses the Foursquare API “to generate a personalized two-day itinerary for your next travel destination.” Benjamin Netter of Paris was the developer of the app, and although there wasn’t a monetary prize, he did win a dinner with Naveen Selvadurai. co-founder of Foursquare.

To check out the Plan Your Next Trip app, you need to visit the heavily hyphenated  My-Next-Trip.com. This isn’t exactly consumer friendly. However, Mr. Netter has a couple of options he might consider if he’s able to monetize his app.

He could purchase PlanYourNextTrip.com from BuyDomains, which is for sale for $1,088. Alternatively, he could try to purchase MyNextTrip.com from Mike Berkens’ Worldwide Media. The domain name is not currently priced, but Mr. Berkens does respond to email inquiries.

Congratulations to Mr. Netter on winning the Hackathon. Perhaps he will upgrade his domain name to make it more marketable.

New DomainFest Venues Announced

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Earlier today, I posted an article reminding you to purchase your DomainFest conference pass(es) before the price increases on September 30. Conference organizers just sent out another press release announcing some new venues for this conference.

As I mentioned a couple of months ago, there will be no party at the Playboy Mansion this year. While it was a novelty the first couple of years, I think it may have worn off for some people who attended DomainFest for the last few years.

Here’s information about the venues for the 2012 DomainFest conference:

We’re headed to a world-class venue, House of Blues, in Hollywood for our famous DomainSponsor party. Guests will enjoy exclusive access to the entire club, including the VIP Foundation Room!
The Petersen Museum is reserved for our dinner networking party on Wednesday,
February 1st.The museum has one of the largest collections of race cars, classic cars, hot rods, motorcycles, and celebrity cars. Guest will enjoy gourmet food and guided tours of the museum, including special access to an exclusive “Super Cars” exhibit.

To open DomainFest, we’ll all meet at Monsoon, a beautiful Santa Monica restaurant that features Pan-Asian cuisine and Balinese décor.   It’s a great place to network, greet old friends and make new connections.”

DomainFest Early Bird Special Rate Ends This Week

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I know DomainFest is still a few months away, but the early bird special registration rate of $995 ends on Friday, September 30. The registration price will increase to $1,195 on October 1, and the standard price of $1,295 will go into effect on January 1, 2012.

The DomainFest conference will be held at the Fairmont Miramar Hotel & Bungalows in Santa Monica, California from January 31 – February 2, 2012. The conference generally sees over 500 registered attendees, and the entire hotel is reserved for conference attendees, but it generally sells out in advance.

The full agenda for the conference can be found on the DomainFest website.

Afternic Closes Nearly $800k in Sales

Afternic sold just a hair under $800,000 in domain names last week. AskYourDoctor.com led the way, selling for $70,000. Sales in three categories – society, shopping and business, accounted for over 35% of sales for the week. A name that I recommended a couple of weeks ago, GoBags.com, sold for $4,500. Knowing the buyer and his background, I would bet that this is going to turn out to be a great website.

Afternic’s public sales from last week are listed below:

askyourdoctor.com $70,000
kari.com $63,000
novvi.com $22,000
anewwordorder.com $22,000
chinaguide.com $20,000
gamingzone.com $14,500
petfoods.com $12,890
nannyjobs.net $10,750
PrivateWealthManagement.com $10,250
linktomypc.com $9,999
foreverhealth.com $7,400
leadstart.com $6,288
videum.com $5,500
clubentrepreneur.com $5,000
infracity.com $5,000
cansurvive.com $5,000
bookinghotel.net $5,000
wallstreettrading.com $4,500
gobags.com $4,500
wdbh.com $4,388
themusicstudio.com $4,377
hackshield.com $4,300
onlinebusinessbuilders.com $4,288
agitprop.com $4,250
powercoffee.com $4,200
baca.org $4,000
songnetwork.com $3,988
depablo.com $3,988
mypico.com $3,960
qvso.com $3,788
creativehistory.com $3,688
aspenmedical.com $3,600
golfzen.com $3,588
wirejewelry.com $3,500
the5.net $3,488
tastenow.com $3,388
flightschina.com $3,288
helpforwomen.com $3,188
extracard.com $3,188
canadiancapital.com $3,188
yellowbike.com $3,088
allara.com $3,088
gvfm.com $3,004
himalayanart.com $3,000
psychiatricdrugs.com $3,000
shotter.com $3,000
localizations.com $3,000
maxseo.com $3,000
MYREAL.com $2,999
FirstClassAthletes.com $2,995
verifico.com $2,988
oceanri.com $2,888
thewomensmuseum.com $2,888
futureinsights.com $2,869
apersonaltouch.com $2,850
vitaguide.com $2,800
lollipopworld.com $2,795
amdglobal.com $2,788
clearz.com $2,788
facelifts.net $2,788
economicpulse.com $2,750
ighr.com $2,750
feelbeauty.com $2,688
pocketpet.com $2,688
holdontight.com $2,688
insidetheindustry.com $2,688
gfashion.com $2,688
carbodyrepairs.com $2,670
giftsavvy.com $2,588
liggroup.com $2,588
solidpartner.com $2,588
forlife.net $2,588
visitczech.com $2,500
tshirtshack.com $2,500
new-s.com $2,500
repairdirect.com $2,500
fress.com $2,500
MedicareUSA.com $2,500
cleanstuff.com $2,488
bioavailability.com $2,488
omies.com $2,488
happybee.com $2,450
tradingit.com $2,400
PantryService.com $2,390
yeahgo.com $2,388
energycenters.com $2,388
taxcontrol.com $2,388
freetodream.com $2,388
homeltd.com $2,388
creativeroads.com $2,388
collectiveworld.com $2,388
safebox.net $2,360
videounlimited.com $2,300
thefranciscans.com $2,288
clemsononline.com $2,250
adpuzzle.com $2,200
globalfinancialsystem.com $2,200
safesolar.com $2,200
digitalrage.com $2,188
qfoods.com $2,188
madgraphics.com $2,188
militarypark.com $2,188
travelmagazine.org $2,188
jewelryrepair.net $2,161
bringvalue.com $2,088
happyselling.com $2,088
net-now.com $2,088
tahina.com $2,088
iportfolio.net $2,088
sukar.net $2,088
diabeticexperts.com $2,012
salaryprotector.com $2,000
studiomix.com $2,000
performnow.com $2,000
innovationsystems.com $2,000
seomap.com $2,000
vegastech.com $2,000
serverservices.com $2,000
possibilitiesunlimited.com $2,000
soaringeagles.com $2,000
ReverseDomains.com $2,000
engineerlink.com $2,000
kstar.net $2,000
magiccarcare.com $1,988
primaforma.com $1,900
WorldGotTalent.com $1,895
Pindle.com $1,895
exclusivekids.com $1,888
thebestofmiami.com $1,888
customarticles.com $1,888
sforzando.com $1,888
livinglab.org $1,888
pureresource.com $1,850
cheapflightasia.com $1,842
resilientpeople.com $1,837
perfectgym.com $1,822
satplanet.com $1,800
myonlineauction.com $1,800
diinternational.com $1,800
greenthinking.org $1,800
thelovebugs.com $1,788
referapatient.com $1,788
startupoptions.com $1,788
euronewyork.com $1,788
customarticle.com $1,788
winnersvision.com $1,788
energyupdate.com $1,779
local-heroes.com $1,750
sleepart.com $1,750
RealDynamics.com $1,750
idfc.org $1,750
carbodyrepair.com $1,730
hotelcontractor.com $1,700
homegrownusa.com $1,700
buyingnewyork.com $1,688
mormonmusical.com $1,688
orlandoautoservice.com $1,688
onlyonepercent.com $1,688
AIRCONDITIONINGMIAMI.com $1,688
grandpeople.com $1,675
curso.net $1,640
donator.org $1,605
asapelectric.com $1,600
ecofriendlybuilding.com $1,588
propertiesinvestment.com $1,588
thebigdeals.com $1,588
celebrationoflife.org $1,588
thefreeads.com $1,532
resourcefulmom.com $1,500
americanfreedom.com $1,500
highgarden.com $1,500
eyenow.com $1,500
mobilitymd.com $1,500
knittedfabrics.com $1,500
miamidream.com $1,500
emergehealth.com $1,500
nationalpulse.com $1,500
communityadvisors.com $1,500
starbars.com $1,500
fabricexpress.com $1,500
differentclass.com $1,500
canadamining.com $1,500
redcrest.com $1,500
brownservice.com $1,500
poltrock.com $1,500
traveluna.com $1,500
chinajewel.com $1,500
vicis.com $1,500
mostawesome.com $1,500
whitepaint.com $1,500
partyallnight.com $1,500
zshade.com $1,500
WillBuyYourCar.com $1,495
BusDeal.com $1,495
setyoursights.com $1,488
aegisinternational.com $1,488
sweetparis.com $1,485
knownote.com $1,450
independentcandidate.com $1,450
simplifiedenglish.com $1,426
activetours.com $1,425
justiceparty.com $1,420
expressenvelopes.com $1,400
liquidsteel.com $1,400
dearbridget.com $1,388
operationindependence.com $1,388
outstandingtechnology.com $1,388
thecrowd.net $1,388
betravel.com $1,360
gardenofeaten.com $1,350
krit.com $1,350
cottoncollection.com $1,350
mothprevention.com $1,350
sportscoolers.com $1,300
teamcoolers.com $1,300
absolutelearning.com $1,300
FarmingInfo.com $1,299
DirtyGas.com $1,295
eshopnow.com $1,288
saturdaydelivery.com $1,288
americanbusinessconcepts.com $1,288
bigcommerce.net $1,288
brachvogel.com $1,266
giftbazaar.com $1,202
givingandreceiving.com $1,200
creativecarpentry.com $1,200
electricmotorsolutions.com $1,200
minivid.com $1,200
AllForCare.com $1,200
saverschoice.com $1,200
geofence.com $1,200
wealthsafe.com $1,188
hillwig.com $1,150
decision-point.com $1,116
familyplays.com $1,100
mountainfuel.com $1,088
tribaltraditions.com $1,088
horselife.net $1,088
ascom.org $1,088
expertauto.net $1,088
marketingnavigator.com $1,050
changethesubject.com $1,044
bigdummies.com $1,044
staffgroup.com $1,000
plantrental.com $1,000
happygrowlucky.com $1,000
auto-select.com $1,000
etminan.com $1,000
superbdomains.com $1,000
thelocationmanager.com $1,000
atriummusic.com $1,000
cheaney.com $1,000
outstaff.com $1,000
schildt.com $1,000
sowingtheseeds.com $1,000
junglesports.com $1,000
antichisapori.com $1,000
enterdesign.com $1,000
TheRockStage.com $1,000
hdlcholesterol.com $1,000
domaincart.com $1,000
almostart.com $1,000
brotherlylove.org $1,000
casali.net $1,000
funnypicture.org $1,000