While I managed the sale myself, without the use of a broker, the platform’s messaging system and ability to track a variety of metrics greatly assisted in this sale.
The agreement was achieved on November 6th, but the buyer was extremely slow in completing their part of the deal; it took them two weeks to provide payment via Escrow.com.
Still, communication was maintained using the Internet Traffic web platform and I am definitely happy with the result. The $x,xxx sale was void of any commission, which would have been a hefty 15%-20% had I used Sedo.
1. Must be a dot com.
2. Must clearly state & define the product or service being sold.
3. Must be easy to pronounce & therefore pass the radio test.
4. Must not be longer than necessary, the shorter the better.
5. Must be about a product or service that is in demand & being searched for.
6. Must be easy to remember, in fact it must be a no brainer to remember.
7. Must be a domain a business could be built on.
I will be leasing domains for the rest of my life. That is what I do. That is what I have done. That is why I have sold only 18 domains and of those 5 of them came with equity, royalties, stock and even ownership. There are only a few hundred domain investors that see things the way I do. THEY are my target audience and they know me and I know them. It’s about starting at the top of the pyramid. It’s about taking the best names and transforming them into the best earners by hooking up with ONE party.
Some inquiries do deliver an amount of entertainment, such as the one that states “that’s all I can afford – $100“.
The dot com they inquired about is taken in every major TLD, including dashed versions and extended variations, which I found using ZFBot.com.
Frank Schilling’s DNS panel makes it a cinch to search for querying names, emails and even IP addresses; you can literally cross-compare any such inquiries as well.
A lot of people have had UDRPs filed against them or been sued for registering a domain based on a celebrity’s name. However, under the Anticybersquatting Consumer Protection Act ACPA, a person doesn’t have to be a celebrity for you to get in trouble if you register their name as a domain, then try to sell it to them for a profit.
Domain name broker FindYourDomain.com is reporting its second six figure domain name sale in less than a week.
Today the company announced the sale of GiftBasket.com for $350,000.
The domain forwards to WineGiftBaskets.com. The buyer is the owner of WineGiftBaskets.com, and the domain now forwards to the wine domain.
…Last week the company announced the sale of Feng.com for $250,000.
Sedo’s decision to enforce the use of SedoMLS partnership with GoDaddy, leading to an onslaught of lowball offers with zero communication with the buyer. Sedo refused to remove these domains from GoDaddy, citing that I’m bound to terms (that did not exist) when I signed up with Sedo, in 2004.
Sedo increased their sales fees to non-competitive levels, thus losing the advantage they held for years.
The PPC earnings reached record lows, another disadvantage against emerging services.
So currently, I’m using Frank Schilling’s Internet Traffic outfit, with great results as far as PPC earnings are concerned. The number of sales inquiries has also quadrupled; in the past, I wrote about how Sedo’s “for sale” link is not visible enough.
Did domainers need this partnership at the expense of a 20 % commission ?
I would say no as most domainers already have a Go Daddy account and can sell their for 10 %. The fact that there was no opt out to this program expansion has had some domainers pulling their names from Sedo.
I think sales commissions should be coming down in this business as there are more companies involved in selling aftermarket names. Competition should push prices lower.
According to an email from my Account Executive, there are now other payment options, which will help get sellers paid more quickly. In the email from Brad Larson, “we have sped up the payment process for the Premium Domain Listings sold on GoDaddy.com. It’s ok to stop and smile. Instead of waiting to receive a check, you can now select a different payment method in the Domain Manager and get paid much sooner.
”You can learn more about how to set this up on GoDaddy’s website. One interesting thing to note is that if you do not have a payee account created, Go Daddy will apparently start charging a $25 fee post-sale: “NOTE: If you sell Premium Listings that do not have payee accounts, we send you check payments by default. Starting Jan. 1, 2013, we will deduct a $25 processing fee from check payments.”
Michael “Zappy” Zapolin has a track record of notable online business successes. Among them are purchasing Beer.com for $80,000 and Diamond.com for $300,000 – and then later selling each for $7+ million.
In this master class-like interview, Zappy walks us through his methodology for building maximum value in premium, generic, category-killer domain names though his technique of “just enough” development and marketing.
Now on to the price. It was a private sale but I can guarantee is was higher than $29K. I would imagine it would be in the low to mid six figures merely for the fact that Cupid has cash. The company is publicly traded and is currently valued at $247 million US. They’ve used their cash to buy several other dating sites for millions. What may have kept the price down is The Treadstone Group. We’ve all dealt with these type of companies where they send in the kid to act like they are going to use it for a blog. Never knowing that the real buyer is willing to go much much higher than you would ever imagine. Whatever the price, congrats to Eric Levitt on the the nice 10 month flip. Proving once again, it takes money to make money.
Howard Neu, “the Internet Lawyer” and co-founder of the Premier Domain Conference, T.R.A.F.F.I.C., announces that he has teamed up with renowned Federal Litigation Attorney, Roger Teich on a new web site http://DomainLegalTeam.com.
“This is a one-stop site for all your legal needs, from UDRP and ACPA litigation to transfers, contracts, escrow agreements, leases, tax ramifications, joint ventures and partnership agreements, incorporations, corporate litigation and all other internet-related legal problems and concerns” said Neu.
When the folks at Bitch Magazine decided to take off into Google’s cloud, they were quickly brought down to Earth.
The culprit: an opaque Google censorship system that simply won’t let you register certain domains for its e-mail, web hosting, and groupware service.
Bitch Magazine — a feminist magazine that’s been publishing out of San Francisco and Portland for the past 17 years — wanted to dump its Thunderbird desktop e-mail software for Gmail. But when it tried to make the move, Google apparently found the company’s Bitchmagazine.org internet domain unacceptable.
“Our technology director went to register our domain name and found out basically that we wouldn’t be able to have e-mail addresses with that domain name,” says Kate Lesniak, Bitch Media’s development director.
GoDaddy.com has started masking contact information in whois records of expired domains in an effort to prevent people from circumventing auctions and bothering domain owners.
The move, which the company announced today, is aimed at cutting down on email domain investors send to owners of expired domains. Domain investors see an expired domain auction for a domain they want and then contact the owner directly rather than competing in an auction.
This is a smart practice for domain investors as it often means they can get a domain for a lot less money than competing with dozens of other investors in an auction.
Entrepreneurs can monetize a domain name in many ways: cash parking, affiliate links, ecommerce, advertising, even lead generation.
In this interview learn about an easy new way to generate revenue – by using a WordPress plugin to sell email addresses on a domain name.
Over the last three years I’ve written a lot. I look back at my work and some turned out to be great work, some good, the rest OK to bad. I thought I would put together a list of some of my better stuff for those that are newer to my site. Here are my favorites in no particular order
Who the Hell Am I and Why Should You Read (keep in mind written in 2010)
A Domain Translation Guide for Newbies
Some of the Best Domain Investing Quotes of All Time
The UnMotivated Seller: 10 Keys to Getting the Best Price for Your Domain
Adopt the Pace of Nature: The Secret is Her Patience
Listed below is a list of the most expensive keywords in Google
(according to their Adwords’ Suggestion Tool).
This list was updated November 2nd (2012).
Each keyword shows trend data (October vs. November)
This update to the User Agreement effective November 1, 2012 contains changes that affect how claims you and PayPal have against each other are resolved (see Disputes with PayPal below).”
“You will, with limited exception, be required to submit claims you have against PayPal to binding and final arbitration, unless you opt out of the Agreement to Arbitrate (Section 14.3) by December 1, 2012. “
“Unless you opt out: (1) you will only be permitted to pursue claims against PayPal on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you will only be permitted to seek relief (including monetary, injunctive, and declaratory relief) on an individual basis.”
PayPal Balances not insured by the FDIC.
“In order to treat assets as qualifying investments under State money transmitter laws, PayPal must hold those assets directly as beneficial owner of the asset, and not as a custodian or agent. As a result, we are revising Section 5.1 (Balances) to clarify that, if you carry a Balance in your Account, the funds underlying those Balances will be held by PayPal, and this Balance is not insured by the FDIC.”
GM: I am a modest domain portfolio owner, counting less than 1,000 domains, and all IDNs – and I find that my parking revenue easily pays for my renewals. So I thought I would reach out to ParkingCrew, a parking company, to find out if it’s just me.
GM: Thank you Nico for agreeing to share some statistics with us; for those that don’t know you, what position do you hold at ParkingCrew?
NZ: You’re more than welcome. Glad you took the time to interview me. I am one of the founders and currently serve as CEO of Team Internet, the company behind ParkingCrew.
The internet is big business and hugely important to the UK economy (8.3% of GDP)
It’s all based on domain names such as example.co.uk
Most businesses use .co.uk, and 93% of UK names are .co.uk
Nominet now proposes the release of .uk domain names (e.g. example.uk) for the first time. You can see the details of Nominet’s proposal on their website (link opens in a new window).
The introduction of .uk would have a number of consequences, and you can compare the pros and cons of the concept of introducing .uk here.
.uk domains would come with added security and trust features that will not be offered to existing .co.uk registrants. This will tarnish the currently excellent reputation of the .co.uk extension, and damage over 3,000,000 businesses that rely on it for their online identity.
So after reading many articles about how great Frank Schilling’s new internettraffic.com service was, I decided to give it a try. Internettraffic.com offers a combination of domain parking and domain brokerage. It has only been 2 weeks so far, but my results have been great. I will make around $2500 this month from domain parking, as compared to around $500/month from when I was using minisites on the domains. I have not had any domain sales yet, but I have had some lowball offers. Their domain sales system is very advanced, although it is unclear if that will result in any more sales than I used to get myself.