Sunday Updates and Thoughts

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It has been the biggest sporting weekend in quite some time. We had the Kentucky Derby, Floyd Mayweather and Manny Pacquiao fight, and NFL Draft this weekend. We also have a Red Sox Yankees series at Fenway Park, and I’ll be at the Sox game tonight.

Here are some thoughts and updates. As always, you are invited to share your own thoughts and updates in the comment section if you would like.

I have noticed an uptick in purchase inquiries lately. Unfortunately, the majority are in the 2-3 figure range on names that I would sell in the 4-5 figure range. It’s always disheartening to open the DNS app to see a $50 offer on a name I bought for mid 5 figures! That’s the nature of the business.

The more domain name brokerages and full time domain brokers, the better. Professional domain brokers will need to continue making improvements on their sales strategy and end user education in order to compete. The successful domain brokers will thrive and the rest will probably leave the business.

Looks like the buyer of Pax.com for $200,000 was PAX Labs, Inc. It looks to be a nice upgrade for the company.

The expired CNNSi.com domain name is up for auction at DropCatch.com, and it currently has a high bid of $1,350. There’s too much legal risk for me to want to buy the domain name, but it’s going to sell for quite a bit of money. I would not be surprised if the auction hits 5 figures.

Earlier this week, Sedo announced that sellers can now put their domain names up for auction at any time they would like. This marked a change from only being able to push a domain name to auction after it received a bid or in a monthly Great Domains auction. Domain owners who use this strategy should be prepared to get in touch with anyone who previously inquired about a domain name as well as other prospects.

I decided to start another domain name development project: LakeWinnipesaukee.com. Hopefully the first iteration of the site will launch this week. I likely paid an “end user” amount to acquire this domain name, and it’s about time to build something. The main focus will be on real estate, vacation rentals, and activities.

I think I need to stop trying to “win” a negotiation when selling a domain name. Things tend to go much smoother.

After a couple of successful auctions, I listed some more domain names for sale on NameJet. Here  is a wide assortment of  the listings:

1 COMMENT

  1. I will like to add the decisive game between Chelsea and Crystal Palace (which Chelsea eventually won)which was one of the games that made our weekend interesting. I welcome the change in auction rules at Sedo, it will make the marketplace more interesting and result-oriented.

  2. Oops, Elliot, you’ve got some *really* LONG domains there, including a bunch of three-worders. I guess that means you really don’t know what you are doing as a domain investor after all, ay? Too bad, as I’d gotten the impression that you did.

    Not. 🙂

    And I trust you got my point if you’ve ever seen any of my posts on that “myth” here. 🙂

    >”The more domain name brokerages and full time domain brokers, the better.”

    They should make a point of giving a short reply even if they don’t want to rep your domains when you’ve clearly submitted good ones, ones that are just as good or better than some already publicly listed with them, and that you know others have already tried to buy from you before. Or else make sure their online submission forms are working and that the person submitting receives some kind of confirmation email beyond merely a (sometimes microscopic) message on the form itself which still leaves one wondering if the submission really went through, just in case the form didn’t really do what it’s supposed to do and they have no idea you even submitted any domains at all. Anyone not agree?

    >”The expired CNNSi.com domain name is up for auction at DropCatch.com, and it currently has a high bid of $1,350. There’s too much legal risk for me to want to buy the domain name, but it’s going to sell for quite a bit of money. I would not be surprised if the auction hits 5 figures.”

    Okay, you folks who are the big-time full-time professional domain investors and sellers surely must know more than me about such things, but am I missing something? I said this domain was worthless before and I mean it. And I think I know a thing or two after almost 14 years. Five figures? Are people nuts who would bid that? What are you going to use it for? Who is even going to buy it from you if you are in it to sell it? What are you going to do about the TM issues? Inquiring minds want to know, and I’m all ears if anyone cares to say otherwise.

    >”I think I need to stop trying to “win” a negotiation when selling a domain name. Things tend to go much smoother.”

    Now have you have truly gone to the next level, Elliot, and others should be concerned. You’ve stepped up your game, and it will be harder to compete with your new found wisdom. Now this is something I learned long ago, decades ago in fact. My college roommate who got into Harvard Law turned me onto what might be considered the most important book on negotiation, and if everyone read that book or became familiar with its content the world would be a better place. Some would already be familiar with it: “Getting to Yes: Negotiating Agreement Without Giving In.” If you haven’t read it yet, and its not even very long, you won’t regret it, and it can change your life for the better.

    • Now now now @John..don’t get too piss off about this BS domain business- it is all fun and games.

      I love it when someone wants to buy my hand reg 99cent domain for $50 and I said okay, you domain sucker, you can have it . ROI is 10000000%

      Oh well, guess what, that domain sucker is ME- for selling to cheap.

      Ha ha ha—the middle finger is deep in my own A*ss

  3. Sir Elliot- please do me a big favor and for all of us.

    Do not approve any comments from anyone who has no website link to their name.

    If they are too sh*it chicken to to expose themselves, why bother giving them a voice.

    There are like those rioters hiding behind the masks breaking properties for no reasons.

  4. Hi Elliot, please let us adding an importance announcement that is strictly related to the important point you wrote about starting domain auctions by themselves etc.

    *** IMPORTANT ANNOUNCEMENT ***

    We want to thank all of you who in the last 30 days permitted to the first strike “Enjoy the CPC EXPLOSION inside google!!!” to be so much successfull.

    In just 30 days of strike against frauds perpetrated by the parking system, we have seen:

    1) the first desperate move from google to remove domain names from search results

    2) sedo permitting customers to start domain auctions by themselves. As you perfectly know they have been refusing that option to their customers since their first day in “business”. During the last 30 days an incredible amount of domains were removed from sedo (as well as from the other parking platforms), so they had to do something to recover domains parked, if they didn’t want to leave themselves and google without space (yes, google is as much important as each and everyone of you, not more: they have one single site, 1 screen only, nothing more, like the last hobbist blogger, the nsame space, but of course, if millions of people give them their own spaces for free, those guys become google). So if you want to start an auction on sedo, do not park again all your domains, park only the one you want to put up for auction and not a single domain more.

    3) The same issue and fear raised up at other platforms, so we saw godaddy buying Marchex’s portfolio, again in the last 30 days

    4) Also the acquisition of Escrow.com by freemarket during the last week is something related to the large removal of domains from parking. Many of those removed domains will be placed up for auction, soon or later, if they were not already auctioned. Flippa has been doing a good job for years and they understood people are sick with the frauds of parking platforms, so more and more domain investors will retire their domains from those fraudolent platforms, so Freemarket wanted a step in the door (and of they will be able to use Escrow.com also for the other transaction that take place on their website and do not involve domains, but again, the last 30 days were a boost…)

    5) Usage of Bing has increased considerably in the last 30 days as well as the usage of Duckduckgo

    We knew it was extremely simple to create an earthquake in the fraudolent part of the domain system and we know it’s equally simple to keep it up.

    So please remember:

    the first international Domain Parking Strike “Enjoy the CPC EXPLOSION inside google!!!” will continue until June 2, 2015 !!!

    You saw it, it’s not difficult, these giant fraudsters are actually very fragile. Their strongness depends on your weakness…

    Keep fighting against frauds and to defend your freedom and the freedom of your children.

    Thank you again to all, also to those who didn’t part to the strike in the last 30 days, but I am sure they will do it now.

    Little Domain Investors Union

  5. Hi Elliot, please let us adding an importance announcement that is strictly related to the important point you wrote about starting domain auctions by themselves etc.

    **** IMPORTANT ANNOUNCEMENT ****

    We want to thank all of you who in the last 30 days permitted to the first strike “Enjoy the CPC EXPLOSION inside google!!!” to be so much successfull.

    In just 30 days of strike against frauds perpetrated by the parking system, we have seen:

    1) the first desperate move from google to remove domain names from search results

    2) sedo permitting customers to start domain auctions by themselves. As you perfectly know they have been refusing that option to their customers since their first day in “business”. During the last 30 days an incredible amount of domains were removed from sedo (as well as from the other parking platforms), so they had to do something to recover domains parked, if they didn’t want to leave themselves and google without space (yes, google is as much important as each and everyone of you, not more: they have one single site, 1 screen only, nothing more, like the last hobbist blogger, the nsame space, but of course, if millions of people give them their own spaces for free, those guys become google). So if you want to start an auction on sedo, do not park again all your domains, park only the one you want to put up for auction and not a single domain more.

    3) The same issue and fear raised up at other platforms, so we saw godaddy buying Marchex’s portfolio, again in the last 30 days

    4) Also the acquisition of Escrow.com by freemarket during the last week is something related to the large removal of domains from parking. Many of those removed domains will be placed up for auction, soon or later, if they were not already auctioned. Flippa has been doing a good job for years and they understood people are sick with the frauds of parking platforms, so more and more domain investors will retire their domains from those fraudolent platforms, so Freemarket wanted a step in the door (and of they will be able to use Escrow.com also for the other transaction that take place on their website and do not involve domains, but again, the last 30 days were a boost…)

    5) Usage of Bing has increased considerably in the last 30 days as well as the usage of Duckduckgo

    We knew it was extremely simple to create an earthquake in the fraudolent part of the domain system and we know it’s equally simple to keep it up.

    So please remember:

    the first international Domain Parking Strike “Enjoy the CPC EXPLOSION inside google!!!” will continue until June 2, 2015 !!!

    You saw it, it’s not difficult, these giant fraudsters are actually very fragile. Their strongness depends on your weakness…

    Keep fighting against frauds and to defend your freedom and the freedom of your children.

    Thank you again to all, also to those who didn’t part to the strike in the last 30 days, but I am sure they will do it now.

    Little Domain Investors Union

  6. Hi Elliot, do you have any software/script recommendations for developing out a geo domain? I know there is citybrandmedia.com, but curious if you use any specific software (such as WordPress with themes) for GEO’s.

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