Home Blog Page 1256

Belated Thank You to Oversee and Moniker

3

TropicalBirds.com LogoI want to give a belated “thank you” to the PR team at Oversee.net and Monte Cahn at Moniker, who put together a very cool case study for one of my domain names. When Corinne Forti emailed me a few months ago to discuss writing a case study on TropicalBirds.com, I was happy to oblige. I’ve discussed the site many times on my blog and at tradeshows because it went from getting a few visits a month undeveloped to several thousand visits a month developed, with most of the traffic coming from search engines.

Several weeks ago, someone casually mentioned seeing the case study at a presentation, and I completely forgot about it until a couple of weeks ago at Traffic New York. Fellow domain investor Dave Evanson whispered from a few rows away, “Elliot, what the f*ck is this?” while holding up a thick folded pamphlet, complete with photos in full color. I went over to check it out, and I remembered the interview.

Although the site makes very little revenue right now (monetized with Adsense and some affiliate links), I do think it tells a good story. Despite the fact that there is little competition for tropical bird-related keywords, the TropicalBirds.com case study shows that when you take the keyword domain name, add custom content, and have good basic SEO techniques (including link building I did), you can turn a lightly trafficked domain name into one that receives good traffic.

The way I figure it, some day, a breeder or pet store chain will want to take what I started and actually sell birds/products directly to consumers online. With the site getting 5k visits a month (well, 5,435 visits in the last 30) and 87.2% of that from search engines, it’s a traffic producing engine, assuming continued good rankings. If you figure a company would pay $.05/visitor at a minimum to $.25/visitor at a maximum for the traffic, that’s between $3,261 – $16,305 /year in Adwords alone to get that traffic (assuming all traffic is bought and traffic is the same for 12 months).

Of course, not all of this traffic is looking to buy a bird or spend money on a product, so this is just an example, but the point is that it’s a neat little domain story, and I appreciate the fact that Oversee.net and Moniker thought enough to create a cool case study and share the story of TropicalBirds.com in various presentations.

BTW, if anyone is interested in creating their own bird empire, I would sell the name and website.   As the case study says, “Elliot Silver is neither an avid bird watcher nor bird lover.” I would, however, LOVE to sell this website and domain name to someone who is!

Don’t Mess with Verizon, Motorola, and Lucasfilm

Just about every time a big company announces the launch of a new product, people buy related domain names for a multitude of reasons. Some buy them with the hopes of selling them to another company, others want to capitalize on potential popular typos, and yet others want to offer services, forums, special offers or other information related to the product.

On November 8th, Verizon Wireless began selling the Motorola Droid, a new smartphone that has had a whole lot of positive press and reviews. I’ve seen dozens of commercials for the Droid (if not more than dozens), and they seem to be directly taking on the iPhone and other smart phones. Needless to say, the Droid will be in high demand, and people will think they can make money by buying and selling Droid domain names.

However, with this particular trademark, you really need to be very careful of the usage of related domain names. On the bottom of Droid-related pages on Verizon Wireless’ website, there is a legal notice, “DROID is a trademark of Lucasfilm Ltd. and its related companies.”

By registering domain names with the term “droid” in it, you will probably be stepping on the feet of Verizon, Motorola, and Lucasfilm. Keep this in mind in the event that you think you might be able to make money with this mark. Obviously there are way to use “droid” in a domain name without potential liability, but I am sure there are plenty of people who don’t realize the risk of owning these with the intent of profiting off of the Droid mark, by selling, parking, or otherwise monetizing phone-related Droid names.

Good Country Music Domain Name Available to Purchase

1

CountryMusicBlog.comI was doing some research today and came across a domain name I think is pretty good and priced well. Although I personally don’t listen to country music, I know that’s it is one of the most popular genres of music. BuyDomains.com is selling CountryMusicBlog.com at a list price of $1,488.

Both CountryMusicBlog.net and CountryMusicBlog.org are developed websites, showing that people want to develop this term in other extensions. People who like this type of music want to see what different artists are doing, when albums will be released, find song lyrics…etc, and this domain name is perfect for that endeavor. I don’t have an affiliate or advertising deal with NameMedia, but found this name and think it’s a fair price.

If you don’t have a contact with NameMedia/BuyDomains.com, drop my representative Sonia Doubet an email and she will take care of you.   Yeee haw.

Strategies to Close a Domain Acquisition

On a few of my recent domain purchases, negotiations went on much longer than others have in the past. I don’t know why that’s been the case recently, but I suppose some of it might have to do with the economy and the domain owners not really wanting to part with their names but knowing that the offer is fair and they can use the cash for other things.

If you really want a domain name, your job is to convince the current owner he should sell it. Use all of the tools at your disposal to do this. Use recent sales comparisons to show why your offer is fair, let the owner know how you can and will make the transaction easy, and show the domain owner you are a serious buyer and aren’t just wasting his time.

I have found these tactics work well:

  • If you haven’t received an offer as good as mine since (199x) when you registered the domain name, why do you think you’ll get a better offer in the next 10+ years?
  • If you do get a better offer in 5 years, can it really be better than what you can do with the money from my offer in the meantime?
  • I don’t buy domain appraisals. It’s in the appraisal company’s best interest to give you a high offer. You are more likely to buy future appraisals or use their sales services if they give you a high appraisal number
  • A domain name is worth what someone will pay for it. Based on comparison sales, I think we can agree my offer is very fair.
  • I have ADD and really want to develop this domain name. If we can’t close a deal on this ASAP, I am probably going to forget all about this project and will never think about it again, so my offer is off the table.
  • If you change your mind in two weeks and decide to sell it, I will probably have purchased another domain name and have less to spend on yours.

Most of my arguments are true and the point is to either close a deal or move on to another deal. If you get into the late stages of negotiations with a domain owner, I’ve found some of these strategies to work well. If you put your cards on the table and let the owner know the offer is for a limited time, it might help close a deal.

As always, money talks and BS walks, so if you want a good domain name, you probably should make a good opening offer. Chances are good that others have tried (and obviously failed) to buy the domain name in the past.

My Snapnames Theory

20

I have no way of knowing what really happened with the Snapnames employee bidding scandal, but I do have a theory, and unlike other theories I’ve read, this doesn’t involve any real conspiracies.   Maybe this happened, and maybe it didn’t, but at least this is what I hope happened, since the implications would be far less reaching across the Oversee.net brands and the domain industry:

“Halvarez” was a domain auction bidding script that placed bids based on a variety of factors set up by its creator, a Snapnames employee. Since the creator worked for the company, he may have had access to domain data (I really don’t know here just guessing), giving him an advantage when buying domain names, as he could justify paying more than others based on assumed PPC revenues. In addition, perhaps there were revenue goals on the line or future compensation tied to company revenue that would have been directly impacted by a bidder of this magnitude, hence the reason he bid in so many auctions but didn’t win.

The creator of “Halvarez” could have established a company and separate bank accounts and credit cards in the company’s name to look more authentic. “Halvarez” probably always paid Snapnames on time, $xx,xxx   (or more) per month, further avoiding suspicion. Because of this, Snapnames looked at this mysterious bidder as one of their top customers, and as a courtesy, the company gave refunds on some names for whatever reason (or maybe they didn’t even know about the refunds).   This may sound shady, but if they are like most companies, the top tier of customers get special treatment when they ask, like returns, favorable payment terms, dinners, event invitations, and other benefits for bidding so much.

Since “Halvarez” was so private, Oversee.net executives would never get a hold of him (assuming they tried to meet with this VIP), but the guy paid on time so they left him alone. There has been at least one extremely private individual who was active in our business for a long time, so it’s not out of the realm of possibility that nobody knows who “Halvarez” really is. In addition, the trusted person who was fired may have told company officials that he had communicated with “Halvarez” in the past, and since the guy was trusted, they took him at his word.

“Halvarez” reached out to iREIT to sell a portfolio of names, and the prices were right for them. Since he was able to score good deals, he could also sell the names at great prices, recouping some of his investment. iREIT paid “Halvarez’s” company, knowing that Snapnames has confirmed that “Halvarez” is a real bidder while not thinking it was any different than any other deal.

I really have no idea if my theory happened, but I am hoping that it is what happened. Things seem so obvious now that this has been revealed, but at the time, there wasn’t much that could have been done. Perhaps someone did do something, and that caused the investigation that revealed the bidding. Only a few people probably know that, and we may find out in time.

I feel badly for the people who lost out on great domain names to “Halvarez,” and I don’t think the rebate offer does anything to compensate them. I think it would be impossible to remunerate them fairly for these potential losses.

SnapNames Auction History Now Available

2

I’ve seen a number of comments on my blog and other places criticizing Snapnames for not providing the auction history for bidders prior to 2007. According to the company, in June of 2005, Snapnames limited a person’s order history to 24 months prior to the date the look-up was being performed.

As a result of this order history truncation, many people have complained that they couldn’t gain access to their order histories to compare them to the rebate emails sent to many Snap customers on Friday.

As of this evening, I have been informed that the staff at Snapnames has adjusted the   system so order and bid histories are available back to August 2004, when auctioning began with the company. I have checked my auction history (dating back to 2006), and it appears that everything is there, although I have participated in less than 125 total auctions.

You will now be able to review all auctions in which you participated to cross-check the rebate offer with your results. You can also get an idea of the number of auctions of yours in which “halvarez” participated – both auctions that you won and lost (possibly even to “halvarez.”) I appreciate the transparency, and when I fully inspect the history sometime soon, I hope I don’t find   any domain auctions in which I lost to “halvarez” where I really wanted the name.

I also want to take a second to say that there are a number of good people who work for Snapnames and Oversee.net who probably had absolutely nothing to do with any of this mess. Keep this in mind if you need to speak with anyone at the company. I worked in AIG’s Accident Insurance direct marketing group before the meltdown, and I know that many of my former colleagues were treated poorly simply because they worked for the company, despite the fact that they had absolutely nothing to do with the company’s problems. While you might have every right to be pissed at the company and certain individuals at the company, there are plenty of good people who work there too, and this is tough on them as well.

Recent Posts

FedEx Buys Its 3 Letter .com Ticker Symbol

0
It looks like FedEx has acquired a valuable 3 letter .com domain name. Whois records show FedEx is now the owner of FDX.com. The...

Squadhelp Rebrands as Atom with Atom.com

7
Squadhelp announced a complete rebrand this morning. The company is now known as Atom, and it acquired the Atom.com domain name in advance of...

Nissan Going after Nissan.ai

3
Nissan is an automaker that uses NissanUSA.com for its website here in the US. The reason it uses an off-brand domain name is because...

Using AI For Background Image

9
I acquired a domain name last week, and once it transferred to GoDaddy, I set up a custom landing page using Carrd. Instead of...

It’s All About the Time You Put into It

2
A few years ago, my wife jokingly described my daily work lifestyle as leisurely. In some ways, I thought of that as a badge...