Domainerss

Link To Full Story: www.teendomainer.com

Late last year I added 30 or so domains that I was not going to renew or names that I did not plan on developing to Godaddy's Premium Listing service. The process to add a name is very simple you just enter the name and your price. The major drawback is that godaddy takes a 30% cut so make sure you price accordingly.

Since adding the names I have sold 4 Domains using godaddy this year. I have sold 2 just this month.

Link To Full Story: www.domainersdigest.com

Most of us know that you run a very successful blog, ElliotsBlog.com and you had told me that flipping domains is the best source of income for you, why flip premium domains when you can develop them and have residual income?

Development is time consuming, and it’s difficult to convince someone (especially a small business) to spend advertising dollars on my developed websites. Although I am probably limiting my upside by selling a domain name quickly after buying it, I am taking short-term profits over long-term potential upside. I have been focusing on developing domain names of interest to me rather than developing a name just because it’s good. Financially successful development isn’t a given, and I would rather create positive cash flow on strong domain sales than keep everything and need to take on debt.  However, I am building out websites to create another revenue stream that is more sustainable over the long term.

When your are contacting a domain owner, in your initial offer email to a potential seller do you include the price for the domain?

I almost always make a reasonable opening offer when asking if a person would sell a domain name. Most names I buy are purchased in private from people who have owned them for years. I am sure they’ve received countless emails asking if the domain name is for sale, and I’ve found that when I make a serious opening offer, it opens the door for discussion. Even if my offer is for less than the owner would sell it, I have found the response rate is significantly higher when I include a reasonable offer.

What is the highest dollar amount that you ever paid for a domain?  And what was your highest sale?

I’ve paid high 5 figures for domain names and I’ve sold for six figures. I have a built in NDA on my domain sales agreements, so by default, most of my acquisitions and sales are confidential and go unreported to everyone but the IRS. The one thing I really don’t discuss with anyone is my revenue and profits. I guess it’s the benefit of having a private business without outside investors.

Link To Full Story: www.fusible.com

Link To Full Story: www.wired.com

ICANN is nominally in charge of the internet’s policy around site names and addresses. It sets the rules on who can sell domain names, what language domain names are in, whether a domain name violates someone’s trademark and how people find their way from those names to the numerically addressed servers that host them online. In a system that works by connecting the world’s computers together, ICANN is oddly both powerful and powerless.

Beckstrom is in many ways the online equivalent of the mayor of Switzerland, with an arsenal of peacekeeping tools pretty much limited to his reputation.

The agency was chartered as an independent corporation by the U.S. government in 1998, when it wrested the net’s root file from net pioneer Jon Postel. And the Commerce Department has kept close (some say too close) a watch over it ever since.

Beckstrom became a known quantity in D.C. after a year stint running the National Cyber Security Center in the Department of Homeland Security. He was hired as ICANN chief in July 2009, in no small part for his D.C. connections, which ICANN hoped would convince Washington to trust it.

That plan paid off on September 30, just months after his tenure started, when ICANN and the Commerce Department inked a new operating agreement that declared that “ICANN is independent and is not controlled by any one entity” and that reviews of its performance will be done by the global internet community, not just the Department of Commerce.

Until then, the agency was closely controlled by the U.S. government, to the point that it required daily federal sign-off on changes to the internet’s root file, which tells the world’s computers where to look to find authoritative addresses.