The end of the year may be a good time to make deals happen if you can get them closed before people go on vacation or otherwise close their books for the year. Based on my own schedule and what I am seeing, I think the next 10 days is probably the best time of the year to make some domain name acquisitions.
As the year finishes up, there are people and companies looking to hit their numbers for the quarter or the year. There may not be a whole lot of opportunities to drive revenue as the year is winding down, and a nice offer on a domain name may help the business add easy revenue to get closer to their target. I am going to be going through my emails from the last year to see if there are deals worth pursuing. I am an opportunistic domain name buyer right now, and I am willing and able to move quickly to close on a deal. I think now is a great time for domain name purchases.
In my opinion, the next week to ten days is critical. For a deal to happen, especially one in which multiple sign-offs are needed, the purchase agreement needs to be signed and the domain name needs to be in escrow in the next ten days. Figuring 3-5 business days to negotiate, discuss and sign a contract, and get into escrow, the next few business days are important. People will be headed out on Christmas holiday, and nobody really wants to deal with trying to get sales approvals, contracts signed, escrow funded, IT support for a domain transfer…etc.
Things typically slow down for me during the final two weeks of the year. There may be a bit of time to finalize deals between Christmas and New Years’ Eve, but I would much rather try to get a deal done sooner rather than cross my fingers and hope the right people are around as the year winds down.
My plan is to follow up on some of the email offers I made (and were rejected) to see if there has been any change. With many bigger companies, a domain name sale isn’t really something they would think about following up on even if incremental revenue was needed. By following up myself, I can re engage some to see if something has changed. Just one or two nice deals closed at the end of the year can reap rewards for me next year or in years to come.
The next week to ten days are a great time to inquire about domain names again.