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Rick Asks on X ‘Accept or Counter?’

Elliot Silver
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6

Rick Swindell posted a screenshot of an offer he received via Afternic and asked for advice about how to proceed. He tagged TonyNames, asking if he should accept or counter the offer:

This question is similar to questions I have been asked by others countless times. I don’t think it’s really possible to give good advice with the information shared in the post.

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2 Major LTO Changes at Afternic

Elliot Silver
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6


Afternic recently introduced the lease to own (LTO) purchase model for domain names bought via GoDaddy. Domain names listed for sale via Afternic with LTO enabled have been shown to US-based buyers with the LTO options next to the BIN price.

This morning, the company announced two changes to its LTO offering that should benefit sellers:

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Escrow.com Q1 Report Shows Growth

Elliot Silver
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1

Escrow.com released its Q1 2024 Domain Name Report this morning via Google Drive. The report showed some growth in the domain name aftermarket over the same period in 2023. In Q1 2024, $84 million in domain name sales was transacted via Escrow.com. This compares to $79 million in Q1 2023.

In the brief summary of the report, Escrow.com shared that the value of .AI domain name sales increased as well. Escrow.com had $2.6 million in transaction volume involving .AI domain names in the first quarter of this year. Per policy, the company did not share any of the sales, nor did they share the largest sale.

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Dynadot: What Features Do You Want?

Elliot Silver
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11

It’s nice to see a domain industry CEO engaging with customers on social media. I appreciate that Dynadot Founder and CEO Todd Han is active on X, and seems interested in communicating with domain investors.

Last week, he posted about Dynadot’s move to Notion as its project management tool. In addition to sharing some of the open projects, he asked people if they want any new features at Dynadot:

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My Thought Process on Afternic vs. Dan.com

Elliot Silver
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4

I list nearly all of my inventory quality domain names with BIN prices on Dan.com and/or Afternic. The majority of these domain names utilize the Dan.com BIN landing page. I want to share my thought process behind why I choose the Dan.com landing page and why I prefer to list names separately on both platforms.

When I list a domain name for sale on Dan.com with a BIN price, it syndicates to GoDaddy and its sales network. A prospective buyer searching for a domain name on GoDaddy’s website – or a partner like Namecheap – will see my domain name sale listing whether it is listed on Dan.com or Afternic.

If the domain name is not listed directly on Afternic with the LTO option enabled, the prospective buyer won’t have the option to buy it with a payment plan even if that option is available via the Dan.com landing page.

Here’s how the registration path looks without LTO enabled at Afternic:

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Negotiating Too Hard on a Domain Name Sale

Elliot Silver
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2

We’ve all been there before. Your asking price out of the gate is much higher than a buyer is willing to spend. Maybe you’re on point with your price, and maybe you’re out of your mind. Whatever the case is, the domain name doesn’t get sold and remains in your portfolio for a long time.

Tony shared the YouTube Short video below we can all relate to. A prospective buyer offers too little for a domain name while the asking price is sky high. Needless to say, the two parties go separate ways and the domain name is still for sale, with an asking price below the original offer:

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