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Successful Domainer Starts Domain Blog

Elliot Silver
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One of the most successful domain investors is also probably one of the youngest and someone that has sort of flown under the radar. He is a 24 year old Czech domain investor who got his start in the business in 2007, and he has rapidly grown his business in a very short period of time. He prefers to keep his name private, but he is the real deal.

This past week, he announced the launch of his domain blog, Facing the Absurd, which offers his take on the domain industry. His business encompass many verticals, including domain names, lead generation, affiliate marketing, domain monetization, a car insurance broker, search, arbitrage, Facebook apps and games, and even a liposuction clinic. In total, his companies employee 70 people.

This blog promises to offer a different perspective on the domain industry than most, and it is destined to become one of the better resources for domain investors. Check it out when you have a chance.

WebQuest Files Lawsuit Over Hayward.com

Elliot Silver
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A couple of weeks ago, Hayward.com was awarded to the complainant, Hayward Industries in a UDRP decision. It comes as no surprise that the owner of the domain name, WebQuest.com, Inc, filed a lawsuit to retain this geographical domain name. The lawsuit was filed yesterday in the Fresno office of the California Eastern District Court.

Lawsuits may be expensive, but they are necessary when it comes to asset protection. Companies should realize that while a UDRP may seem like an inexpensive and cost-effective way to take possession of a high value domain name, a favorable UDRP decision will almost certainly end up in court, where both parties will need to engage in an expensive legal battle.

Thanks to George for the tip.

Let’s Talk About Sex (.com)

Elliot Silver
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15

Sex.com SaleI’m sure you’ve read the news that Sex.com is the subject of a foreclosure auction next month in New York City. Sex.com reportedly sold for $14 million back in 2006, but there was never any confirmation of the dollar amount for that sale and was only speculation. I am not privy to any information about Sex.com (or the sale other than what was posted), but I want to discuss some things about the domain name itself.

Without a doubt, Sex.com is one of the best pure domain names a company could own. Without it ever really being fully developed into a brand, Sex.com is one of those rare domain names that is already a brand known throughout the world.   Based on the Compete score, it gets decent traffic, and it’s a name that has the WOW factor most others don’t have. This is the name many people would love to have the chance to own if they could choose just one domain name.

There are some downsides to the name though. How does a company monetize it enough to earn a good ROI? Parking the domain name hasn’t seemed to work. Maybe that’s because people who want sex or porn can find that in plenty of other places online. The small portal that is on the site now is presumably not earning enough of a return right now either.

It’s likely the people who are visiting Sex.com don’t really want to find sex per se, but they are looking for porn. Porn is still a taboo word for many, so Sex.com is more of a “comfortable” name to own for some than Porn.com, although Porn.com certainly gets much more traffic and would probably make much more money on PPC. It’s just like a home with a pool. Some people would love to have a pool, but there are many who wouldn’t even consider a home that has a pool. Sex.com is more of a benign name than Porn.com.

According to an anonymous investor that was quoted on TechCrunch, there may be some litigation that could hold up the auction. Additionally, the amount of the debt on the loan is also unknown, and if it’s too high, the reserve price or minimum opening bid may temper bidding or cause people to not bid at all. As the auctioneer commented to me via email, “opening bid will be determined sometime prior to the auction,” and I believe this detail is the most important.

If the auction goes forth as planned, and the reserve price/opening bid is *reasonable,* I believe we are going to see strong bidding from more than one party. If the auction has participants from some of the leading adult companies outside of the domain industry, we could see a record result. In the market today, as Mike pointed out, it might be tough for a company to justify a record setting price. A name like this doesn’t come up for sale often, and this is a great opportunity that more than one company is salivating over.

Sex.com For Sale in Foreclosure Auction

Elliot Silver
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80

Sex.com

In exactly one month from today, we may see a new record set for the price of a domain sale. I just received an email from a friend with a link to a notice stating that SEX.com will be up for auction. The foreclosure auction will be held at the offices of Windels Marx Lane & Mittendorf, LLP, 156 West 56th Street, New York, New York on March 18, 2010 at 11 am.

In order to bid on the auction, you must come prepared with a certified bank check in the amount of $1,000,000, made payable to “Windels Marx Lane & Mittendorf, LLP, as escrow agent.” The auction may be open to the public.

The auction description is as follows:

All of Borrower’s interest in and to all right, title and interest in an undivided 100% interest in the internet domain name and related INERNIC registration of the URL www.sex.com, and 100% of all cash proceeds, accounts receivable, licensing rights and intellectual property rights directly associated with or derived from the ownership of such URL.

The tale of Sex.com is actually very interesting, and a book was written about it a few years ago. The Cliff’s Notes version is that Match.com founder Gary Kremen originally registered the domain name, but it was then stolen by Stephen Cohen, and a 10 year legal battle ensued. A company called ESCOM, LLC acquired Sex.com in January of 2006, although terms of the deal were not disclosed. There was an article that pegged the sale at $14 million, but there was no confirmation that this number is accurate.

More information about the auction can be found on the David R. Maltz & Co website, and you can also download the auction notice pdf for more information. One interesting note from the auction notice is that it comes from a Dom Partners, LLC at 2050 Center Avenue (Suite 600) in Fort Lee, NJ – the same address as Domain Capital, who reportedly provided part of the financing.

Where and How Are You Selling Your Domain Names?

Elliot Silver
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After posting yesterday’s article discussing what names have sold recently, which was a follow up post to the post about recent domain purchases, Steve Morsa and a couple of others suggested a follow-up post. Although it’s very interesting to see what names are selling, it might be even more important to learn about where domain sellers are having luck making their sales.

For the most part, I have been selling my domain names in private to other domain investors looking. For me, the key is knowing what type of names my buyers are looking to buy and to present them with a very reasonable price. The people I sell to are contacts I’ve made over the years through my blog, at conferences, on forums, and in private. Maybe I could make more on individual domain names by targeting and finding end users, but I am comfortable with the sales I make.

I recently sold one domain name at the DomainFest Live auction run by Moniker (GunCollection.com). The sale didn’t yield as much as I had hoped, but it is what it is. I opted to not set a reserve price on the domain name, and it sold for the minimum.

Although I haven’t sold many names on domain forums, I did sell one recently on Namepros (iCookbook.com). The buyer made his first post on that forum by saying he wanted the name, which leads me to believe he had wanted this name specifically, and he signed up to buy it. His company is in that industry, so that would make sense. Maybe I priced it too low, but I sold it for a profit.

Finally, I sold a couple of names recently on my blog, although I haven’t listed many for sale here in a while. I generally try to limit my sales posts on the blog, but it’s been a good vehicle to sell domain names in the past.

I (and others) are interested in learning where you have sold some of your domain names recently, and how those sales materialized.

Idearc Making Play for “Super” Domain Names?

Elliot Silver
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Idearc SupermediaIt appears like the marketing and Internet Yellow Pages company formerly known as Idearc, and now known as SuperMedia, may have recently made a strong play for “Super” domain names.

In this week’s sales report on DNJournal, it was reported that SuperElectricians.com, SuperMechanics.com and SuperPainters.com each sold for $10,000 apiece. All three of these are currently registered in the name of Sedo’s Escrow account, presumably awaiting transfer.

This morning, Eric Borgos of Impulse Communications announced (in a comment on my blog) that his company recently sold several Super domain names. The names his company sold were SuperMortgages.com for $7,500, SuperFlorists.com for $3,000, SuperMoving.com for $7,500, and SuperPrinting.com for $4,000. All of these domain names are registered to Idearc  Media, which is now known as SuperMedia.

The company also owns SuperExterminators.com and SuperCarRepair.com. In addition, SuperPlumbing.com looks to be at Sedo Escrow as well. There may be others, but I only checked a handful of names I thought would make sense for them to own.

Does this mean that “Super” names have more value now than before? Probably not. I wouldn’t advise going out to buy these names unless you can get great prices. It’s more than likely the company already went after the domain names they wanted, and if you buy them with the hopes of flipping them, you might be stuck.

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