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Diamond.com Sold via Saw.com for 7 Figures

Elliot Silver
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A little over a week ago, I came across Diamond.com, and I noticed its coming soon page. When I scrolled down, I saw a message indicating that it was owned by a company that has been in the diamond industry for many years. The last time I heard about Diamond.com back in 2018, it had plans to become a cryptocurrency exchange.

A Whois search at DomainTools led me to a screenshot showing a Saw.com “for sale” landing page. I reached out to Saw.com CEO Jeff Gabriel to ask if the domain name was recently sold, and he confirmed the sale of Diamond.com was brokered by his company. He let me know the company planned to announce the sale publicly after the Dubai Domain Days conference.

That announcement came this morning on X:

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I Would Love to Go Back in Time

Elliot Silver
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NameBio does a very good job of tracking down and reporting domain name auction results. Domain investors aren’t the only people who use NameBio to find domain sales data. Domain brokers and domain name buyers use NameBio to get intelligence on domain names they want to buy.

Once a year in a domain name sale negotiation, a counterparty mentions the purchase price I paid to buy a domain name. I guess the prospect may think it’s a way to get a lower price and/or justify their low offer. This tactic works as well as someone mentioning that they’re a student looking to buy a domain name for a school project.

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Dynadot Now Allowing Imported Leads

Elliot Silver
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Domain investors have another option to transact domain name sales. Dynadot Founder and CEO Todd Han announced that Dynadot customers can now import their own leads onto its marketplace sales platform:

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Challenge of Buying a Domain Name from a Big Company

Elliot Silver
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There are many large companies that own domain names that aren’t being used. This can be due to corporate acquisitions and mergers, killed products and services, or a variety of other reasons. As a domain investor, I love buying domain names from large companies, but it can be incredibly challenging to complete a deal.

The first issue is getting in touch with the right decision maker at the company. Oftentimes, the Whois contact works in the IT department – or is a catch-all email address – and the recipient has no say over whether or not to sell a domain name. These people tend to receive a ton of email and I have found they ignore most inquiry emails. On occasion, these people will forward the email to a decision-maker or person who can send it to the right employee.

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Hopeful New US Admin Will be Good for Domain Investments

Elliot Silver
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As you know, the United States held its Presidential election yesterday, and Donald Trump won the election. In addition to this win, the Republican party will regain control over the US Senate as well. I am hopeful the new administration and its business policies will be good for domain investors and their domain investments.

One of the things Donald Trump did during this election cycle is reach out to the cryptocurrency community. I think he will continue to embrace that space and there could be growth there. From my perspective, the domain investment space tends to thrive as capital is spent building crypto-related services and products. Continued development and maturity in the crypto space should be good for domain investments.

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Boost Part 2: The Roller Coaster of Domain Investing

Elliot Silver
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A month ago, I shared the results of my first month with Afternic “Boost” enabled on my account. Technically, the Boost features were previously enabled for everyone, so it was the first month where people could either pay a higher commission rate on Afternic sales or opt out of the Boost program.

The first month of Boost was fairly strong for my Afternic-listed portfolio. I had 4 BIN sales and 1 LTO sale. I also had a DBS sale on a domain name I had delisted due to the Boost commission increase. I don’t keep track of this, but 5 sales on the platform in a single month was probably one of the best months I’ve had in terms of domain names sold. Because I delisted most of my higher value names above $2k, the revenue total was inconsequential.

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