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You Can Disagree, But Be Respectful

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I read a thread on a domain forum this evening that really pissed me off. Two people were highly critical of my friend Ron Jackson, and they were downright rude in their criticism. I think that people have the right to be critical of others (and I encourage it sometimes), but the rudeness that was shown was unprofessional and undeserved. Ron was one of the first (if not the first) domain journalists in the business, and he continues to publish news and articles that help the domain industry reach new audiences.

Ron spends hours upon hours each week writing articles, compiling reports, and interviewing industry professionals. Ron and his wife Diana attend nearly every domain conference, and one or both of them seem to attend every single panel and event, writing notes and taking photographs. All of this is used to produce the most respected, and the most widely quoted domain publication.

Whether you agree with what Ron says or with what any of the industry professionals profiled in DNJournal say, Ron is deserving of all of our respect and appreciation for his hard work. I don’t know how much Ron is compensated for his work via advertising sales, but I guarantee it doesn’t come close to compensating him for the time it takes to produce his publication.

Web TV: Microsoft Leading the Way

It’s only a matter of time before our computers and televisions are completely integrated into a single unit, allowing us to surf online, watch television shows, and do work all from the same unit.   The lead story on CNN at the moment is about Web Television and how the Internet is slowly becoming a source for television shows.

I think it is interesting to note that Microsoft owns one of the category defining domain names for this in WebTV.com.   As I said earlier today, you need more than the domain name to build a business, but Microsoft would also seem to have a huge arsenal of technology to complement this domain name. Personally, I don’t know much about their current offering, but this could be a leading website in a few years.

A Domain Name is Great… BUT

Having the category defining domain name for your field or industry can put you many steps ahead of your competitors, but in order to have a successful business, you need more than just the domain name. A solid business plan is important for any company who wishes to do business on their category defining domain name.

A prime and relevant example of this was exhibited on DNW yesterday.   In December of 2008, The Parent Company and nine of its subsidiaries, trading on NASDAQ under the quote “KIDS” filed for Chapter 11 bankruptcy. According to DNW, the company owned some category defining and/or premium domain names, including Toys.com, ePregnancy.com, Birthdays.com, Hobbies.com, and eParties.com.   Apparently owning these great domain names wasn’t enough to survive.

A category defining domain name can help enhance a company’s presence online, but it can only do so much.   If a company brings on employees, office space, inventory, technology, debt, and other overhead, they can fail just as any brick and mortar company. There are plenty of brick and mortar businesses in great locations failing every day for a variety of reasons, and a business with a great domain name can succomb to market conditions.

Owning an industry or category defining domain name can make a good business better, but it isn’t a panacea.

Some New Domain Registrations

In the past couple of months, I’ve registered a few “new” domains. Some were expirations and a few were fresh registrations.  

CigarEnthusiasts.com
HeatingOilDelivery.com
Frengles.com (French Bulldog & Beagle Hybrid – I have a Puggle)
DrinkKoozie.com
DrinkKoozies.com
ThreeIn1CreditScore.com
ThreeIn1CreditReport.com
DeepSeaFishingTour.com
TripleCreditWatch.com

Passive Aggressive Approach to Selling Domains

When you attempt to sell a domain name, you are generally in a weaker position than when someone sends you an unsolicited email to buy a domain name. In the first situation, you are trying sell a domain name on your terms, and you need to find a buyer who can meet them. In the second situation, you hold the domain name that someone else wants, and you can choose the terms. This can make a big difference when negotiating.

When you want to sell a domain name, but you would rather not start out in a weak position, I recommend attempting a passive aggressive sales approach. One idea to do this is to reach out to a domain owner who has a similar but different domain name, and ask him if he would sell his domain name. In your email, you should mention that you own XYZ.com and you would like to buy ZYX.com from him.

If you receive a reply to your request, there are generally 4 possible versions:

1) Yes, the price is $
2) Yes, make me an offer
3) I won’t sell XYZ.com, but will you sell ZYX.com?
4) No. I am not interested in selling

You can then make a sales pitch responding to each of these replies.

For the first option, if the price he names is higher than the price at which you would sell your name, you can reply, “That’s a good price, but it’s out of my price range for this name. Would you be interested in buying ZYX.com, a very comparable domain name, for the same price?”

With option two, if you reply with an offer, you should be prepared to buy his domain name if he matches your price. Assuming he says no, like 99.9% of domain owners who would say no to the first offer no matter what, then you can turn around and let him know you would sell yours, a similar name, for that price if he is interested.

For the third option, you have moved into the drivers’ seat, as you are now in a stronger position with him asking you to buy your domain name.

Although the final response isn’t always appreciated, it does show you that the domain owner is alive and answering emails. You could tell him that you had hoped to acquire XYZ.com to enhance the value of your name, ZYX.com, but since he won’t sell, maybe he would be interested in acquiring yours.

I have not sold a domain name in this manner before, but I have had the third option happen to me in the past. I was not inclined to sell the domain name, so I turned down a significant offer for it. Unsolicited domain sales via a variety of methods can be more difficult than fielding inquiries, but that’s how I sell a majority of my domain names. This is one more tool to add to your cache.

Obviously the one caveat is that your name is of equal value or better than the person who you email.

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