Subscribe

Home Blog Page 1408

Why Domainers Don’t Generally Partner Up

Elliot Silver
-
21

I’ve received a few “partnership” offers, and I know that domain owners who have premium domain names receive development partnership requests often. I am sure Rick has received dozens of email requests from people who want to help him open a candy store on Candy.com. When it comes to partnership requests, it’s unlikely that the requester will be taken seriously.

It seems that most people want the domain owner to trust that they know what they are doing, and many times, they might, but they can’t prove it. Why would a domain owner be willing to risk his reputation (and domain name) on someone that randomly pops in with an idea? There are plenty of great ideas out there, but execution is what’s important. If you want to partner with me or another domainer, come to us with case studies of your successful businesses. Show us how much revenue you’ve generated by applying your idea elsewhere, and perhaps we can talk.

The problem is that most people have good ideas but no clue about the execution side of things. It’s very easy to tell someone else how they should run their business, but when it comes down to it, the execution is the most difficult part. Toys.com may look like a great $5,000,000 domain name, but a new company would probably have to spend double or triple that on the inventory, overhead, and fulfillment in order to set up a system that will drive a strong return on the investment.

If you do have the ability and a track record of successful web launches, you need to be willing to put in the time, effort, and finances with the hopes of sharing profits on a finished site. If you achieve agreed upon goals, you should get a percentage of the business, but not until that happens. If you are willing to do all of this, then perhaps we will entrust you with our premium domain names. If not, it’s probably best to find someone else for your experiment.

The other option is to do something on your own, start generating revenue, and then pitch the domain owner on integrating the successful business model with the industry defining domain name he owns. The key to all of this is that you must be able to build and manage a successful business, otherwise you will just waste your time and the domain owner’s time.

Elliot’s Blog Newsletter

Elliot Silver
-
4

I recently exchanged emails with the director of my grad school program (MS in Direct & Interactive Marketing – now the Integrated Marketing Program) at NYU, and I let her know about some of the things happening in my business and personal life.   Among other things, I mentioned that I am using my direct marketing skills just about every day.

After thinking about how I am using them and how I could be using them better, I decided that I should add a newsletter to my blog.   I figure I can send out weekly or bi-weekly emails to let people know what the most read and most commented articles I posted have been, and I can provide other updates.

A newsletter is one of the best ways to communicate with interested parties, so I might as well start one up and see how it goes.   I know someone will ask, but I am not looking for sponsors – especially because I don’t know how regularly I will send the newsletter, nor do I know how many people will eventually sign up.

So… feel free to sign up for my newsletter.   I will probably send the emails out on a Saturday or a Sunday and they will probably not be regularly sent at first.   Also, in the comment section here, please let me know what you would like included in the newsletter.   Here is what I am thinking right now, but I would like suggestions:

  • Links to most read articles of the week
  • Links to most commented articles of the week
  • My top ten dropping domain picks of the coming week
  • Links to articles of interest off site

Domain Assets Strong Despite Economy

Elliot Silver
-
2

I don’t need to share any recent sales data to show that the economy is impacting domain values.   I think the bottom line is that good domain names still sell for high prices, and average to below-average domain names are difficult to sell these days.

One thing is certain though.   No matter how difficult the economy is, nor what happens to currency valuations and/or fluctuations, domain name assets are stronger than many other assets, and they are very similar to land and precious metals, all of which are limited and have intrinsic value.

Regardless of what happens with the economy, precious metals such as gold, silver and platinum will still have value. They can be used as bartering tools (if necessary) and they can be used just about anywhere in the world.   Likewise, the best real estate is the world will still remain valuable.   You won’t be able to make a ridiculously low offer for a piece of land on the water in Palm Beach any time soon or ever because there will always be someone there with a better offer – be it cash or cash equivalents.

Domain names can’t be lost (unless you forget to renew them), they are difficult to steal if you are careful, and good ones are valuable just about anywhere in the world you go.   The Internet is one thing that binds just about the entire world, and it isn’t going anywhere.

Sure, people may be struggling to survive financially and things may appear to be getting worse, but as far as I can see, the impact is somewhat isolated.   I think some people need to spend less time watching the news and more time focusing on how to improve their own economic conditions.  

Fear is as dangerous as what is feared.

Apple Unveils Upgraded “Recession Macs”

Elliot Silver
-
4

Choosing to buy a Mac instead of another PC was a difficult decision.   However, it was a decision I am thankful to have made because I love my Macbook.   In fact, I am working on MacBook #3 at the moment.   I am also thinking about buying a new MacBook because the one I have has been running a bit slow due to the additional software I’ve added on over the last year and a half.

Today, Apple updated and upgraded their consumer lineup of computers, including laptops and desktops. The price of a new MacBook Pro (using the Intel’s “Nehalem” Xeon processors) was dropped from $2,799 to $2,400 – a little over 10% off.   In addition, Apple also updated its iMac and Mac mini desktops.

If you are looking to update or upgrade, now might be a good time to buy a “Recession Mac.”

Top Notch Domains, LLC Announces Domain Consulting Service

Elliot Silver
-
3

Successful Internet entrepreneur and domain industry veteran Elliot Silver has announced that his company, Top Notch Domains, LLC will offer domain consulting services for corporations and individual domain investors.   Elliot Silver has bought and sold more than one million dollars in domain assets, and his two companies own and operate several industry defining domain names and websites.   The company will offer the following consultation services which can be billed on an hourly or project basis:

  • Domain Portfolio Analysis
  • Domain Valuation
  • Domain Acquisition Strategy
  • Domain Sales Strategy
  • Domain Purchase or Sale Negotiation

“I have had considerable success as a domain investor, and I am happy to share what I’ve learned over the past few years.   Investing in the right strategic domain names can drive significant revenue,” said Silver.   “Likewise, paring down a large portfolio can also save a company money for other acquisitions or for development.”

To inquire about your domain consulting needs, please contact Elliot Silver.

Virtual Data Back Up from Mozy

Elliot Silver
-
11

A couple weeks ago, I blogged about how important it is to back up your data, and I recommended using a flash drive for your data back ups, which is what I did.   A few people commented and others emailed me about this topic, and a few of those notes suggested that an online data backup should be used because a flash drive or other device would be harmed in a fire, stolen, or lost.   I did some research, and I found a company called Mozy, which is an online data back up system to help protect your data.

The way it works is that you sign up for an account and download their software. Upon opening up the software, you check off the boxes next to the files you want to back up, and it backs up your data using 128-bit SSL encryption and protects it with 448-bit Blowfish encryption. I am not a technical person, but the company says that the encryption is the same that banks use to encrypt data, so I assume it’s safe.

One of the nice features of Mozy is that you can set it to back up your data at specific times, and it will automatically back up your data for you. Mozy can be used by both Mac or PC users, which is nice for me because I have a Macbook.   Additionally, if you want to transfer files to another computer, it’s easy to do with Mozy.

The price is also a good selling point –   just $4.95 a month for unlimited data, and there is also a free account for limited data transfer. I think this is a valuable service for anyone, but especially for people who have business ventures online and need to make sure their data is safe and secure.

I believe Mozy has a valuable service, which is why I am happy to blog about it.

1...1,4071,4081,409...1,554Page 1,408 of 1,554
© Newspaper WordPress Theme by TagDiv