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.
But I think the opposite is more often the case. You turn down an offer on a domain, only to wish later that you would have accepted it.
I can think of a couple cases off the top of my head. One in particular was MusicPhones.com.
Back in 2007 I got a nice offer for the domain name. But back then the term “music phone” was hot. Samsung had a commercial promoting its newest music phone and used the exact term in its commercial.
Given all the hoopla over phones that doubled as mp3 players, I turned down the offer.
Fast forward five years, and the term music phones doesn’t really mean much. Most phones are smartphones, and most smartphones play music.
In that case it was a change in technology and terminology trends that let to a drop in the value of my domain.
NEW YORK (CNNMoney) — To cash in on a pithy election sound bite, you have to move fast. The domain name bindersfullofwomen.com was snapped up less than two minutes after the instantly viral phrase left Mitt Romney’s mouth on Tuesday night.
The speed race winner was American Bridge 21st Century, a Democratic super PAC. The group’s biggest funder is hedge fund billionaire George Soros, who made a $1 million donation earlier this year.
“We bought it because we could tell it would be a memorable moment from the debate,” said Chris Harris, the PAC’s communications director. “We were sort of on standby, knowing that Internet memes like this can solidify within seconds.”
By Wednesday morning, the PAC has a Tumblr-powered website running at the domain featuring critical news articles and policy briefs about Romney’s stance on women’s issues.
Then comes Internet Traffic. Not only do they pay for parking but they build a back end to manage my inquiries, both past and present, but they let me create templates to test out my negotiations and the wording that yield the best results. It’s everything I wish I could have done and more.
I no longer have to list at Godaddy or Sedo. If they want to make an offer on my domain they simply have to type it in and can make an offer. It is then completely in my hands. I can choose to hand it a broker and pay for the negotiation, or keep it and do it myself. If I had it at Sedo I have to negotiate myself AND pay the fee. In my opinion the only advantage Sedo or Godaddy may have is they offer impulse purchases.
So, after a strategic review, management decided to spin the domain assets off in a new company called Archeo – a move that was announced after the stock market closed this afternoon. Horowitz said that the spin off of Archeo whose goal is to “develop the industry’s most dynamic domain and advertising marketplace” will help Marchex unlock maximum value from each side.
Horowitz will remain as Marchex CEO and also serve as Chairman at Archeo, but he said an entirely new management team will be hired to run that company. Horowitz said he believed the assets going to Archeo are worth nine figures based on the fact that Marchex raked in $30 million for a tiny fraction of their portfolio – a few hundred names that have been sold over the past three and a half years – names that Horowitz said were neither core assets nor the best domains in the Marchex portfolio. Horowitz added that the company has turned down seven-figure offers on several domains it continues to own.
As of this week all Sedo’s Make Offer listings are now listed on Godaddy with a $60 minimum offer (Unless seller has a higher preset minimum offer)
Since the beginning of the year Sedo’s Buy Now listings have been listed on Godaddy but not the Make Offer listings.
Even if you haven’t signed up with SedoMLS your domains will be listed at Godaddy.
All sales going through Godaddy to Sedo will have a 20% fee.
There is no option to deactivate this.
If you list your domains with Sedo then you automatically list your domains with Godaddy.
You can create your own sales listings with Godaddy if you choose and that will only be a 10% fee if they sell through Godaddy, but that maybe to much of a hassle for those who have hundreds or thousands of domains.
This week’s top five was rounded out by a trio of .coms sold at three different venues. DomainAdvisors.com used the DomainNameSales platform to sell #3 Kipi.com for $47,500, The AfternicDLS drew $36,720 for #4 CESC.com and Sedo secured $30,702 for #5 WandTattoos.com.
There are a number of people who use for sale landing pages on their domain names. Typically, these landing pages have some sort of large “for sale” notice along with information about how to complete the transaction. I just learned that you can create a button at Escrow.com that will automatically set up a transaction when it’s clicked.
In this video, you will learn:
Why due diligence is important
- Factors to consider in domain name due diligence
- Factors to consider in due diligence for buying a prebuilt website
- Factors to consider in website service e.g., SEO, design, development, coding due diligence
- Recommended articles and interviews to learn more
- Why you should not buy domain names, websites and services without getting a second opinion
Today’s mini lesson in domain investment, is about making cold calls.
Did your palms get all sweaty suddenly, at the mere mention of picking up the phone and calling someone?
There is hope, even for the most shy and timid among you.
Practice makes perfect, and the best way to practice is by getting on the phone, with a friend or associate to “roleplay” a domain-pitching scenario.
If you have no friends available, you can always practice in front of a mirror. It worked wonders for social engineering wizard, Kevin Mitnick.
The more you talk to others and socialize, the easier it will be to articulate an entire sales pitch. The worst that can happen, is to be told by the other party that they are not interested. They cannot physically assault you for offering them the opportunity to acquire your domain. Of course, they can swear at you – that’s where practice pays off.
Start off by stating your full name and the name of your company, if you own one, and inquire who is in charge; if you’re connected to a switchboard operator, seek to speak to the owner or the business development manager. If they are not available, get their full name and a time that you could call back.
I am currently leasing many domains as businesses with an exit plan. I plan to add one new one this week with one partner and add several with another. They outperform PPC and it has a growth potential which was not available before. The sites are simple. Look for leads to match with folks that need and want the business. 1+1=2. Not fancy, but effective.
What do I get for a leased domains? Anywhere from $500-$1500 per month depending on the item they sell. So at the high end it is $18k per year for a worldwide presence. Some think that is high. I don’t. If you can’t make the $18k/year and loads more, then don’t waste your time or mine. Open a store in your local mall or on Main Street. You will burn through $18k before your doors ever open. You will pay rent of more than $18k for eternity. I have a formula that addresses what happens when the domain is developed and there is a success. An exit plan that allows the developer to share in OUR success. But if you are an under achiver and their idea or business can’t make at a minimum of $50-$100 a day, why waste the time? I want guys with plans to make $1000/day and more. That understands what he needs to do. Most of the bar set way too low.
Art.sy is no doubt unfortunate to be in this situation. It presumably didn’t intend to break sanctions and seemingly didn’t even know that it might be violating sanctions until Slate approached it. Nevertheless, its use of a Syrian domain name has gone from being in questionable taste to being of questionable legality. Where this leaves Art.sy and its investors is uncertain. But what it does demonstrate is the shocking insularity of the dot.com and fine-art worlds. In seeking a cute and easily tweetable brand name, Art.sy ended up owning a bloodstained one.
Take for example, someone interested in starting a new dating website. A broker presents them with the following three choices,
Are any of these “have to haves”? Although different to a degree, I would say that in the final equation none of these domains are differentiated enough from each other to really matter.
Every Domain a Snow Flake
When a domain name is one-of-a-kind, and there is no genuine substitute, then there’s no need to consider competing on price.
When I am looking to sell a domain name, I have generally done my due diligence to know what the domain name is likely worth in optimal conditions, what it is worth for a quick sale, and what it’s worth if I want to dump the name quickly. Clearly, I want to sell the domain name for its optimal value, but there are reasons why I might take a lower offer.
When you price a domain name in an email, you may automatically eliminate every single potential buyer who thinks the price is too high.
The Panel finds as a matter of fact from the evidence that the Disputed Domain Name is being used as a noncommercial criticism site.
Panel agrees with the Respondent that the addition of the term “review” implies a lack of association with the Complainant as a review is customarily written by someone unassociated with the subject being reviewed.
The exact name of the Complainant has not been used and the use of a term suggesting independence in the Disputed Domain Name may avoid confusion in fact between the criticism site and the Respondent. In any event the site is very obviously critical of the Complainant.
The content is such that confusion as to origin from the Complainant, if this were not dispelled by the Disputed Domain Name itself, will be very quickly dispelled. There is no evidence of commercial gain or any motive for use of the site except as a forum to criticize the Complainant. There is no hint in the evidence that the criticism site is an excuse to cover bad faith, such as registration of multiple domains of this sort.
The Panel finds that the Respondent has not violated any of the factors listed in the Policy 4(b), nor has he engaged in any content that would constitute bad faith registration and use pursuant to The Policy
As Project Director for the National Center for [Keyword Keyword], I’m reaching out to ask whether you or anyone in your immediate or extended network would like to own the domain name [KeywordKeyword.net].
Please let me know your thoughts. If someone you know can use this domain, I’m willing to part with it for whatever we both conclude would be a fair price. Thanks.
“As Project Director for the National Center for [Keyword Keyword]” – Here I specifically address the contact by their professional title, and you’ll note that the name of their organization comprises the exact keyword match for the domain I’m offering.
I Am Totally Over “-ly”
When I last documented another startup name ending in -ly—that would be Swipely, which I wrote about almost six months ago—I noted that by my count, there were 50 -ly names cluttering the Web and confusing customers. “Enoughly,” I declared.
But I declared too soon, or soonly. Since March, I’ve discovered at least nine additional -ly names attached to new companies or apps. It’s no longer a trend: it’s a plague.
The latest repetitive offenders:
Cofounderly: A couples app for startup founders, according to TechCrunch. “A simple, entertaining, and insightful way for busy cofounders to stay connected….and avoid a nasty startup divorce,” according to the iTunes Store listing.
Contently: “Empowering and connecting quality journalists and brands.” Also: “Anyone can be a publisher!” The emphasis is, presumably, on the first syllable. Instead of a mission statement Contently has a manifesto. Instead of a slogan it has a mantra: “Be awesome.” I may have to take up drinking again.
Here’s how the scam works:
1. A seller makes a sale for a non-tangible good, such as a domain name or a website.
2. The buyer pays in full over Paypal
3. The seller sends his website/domain name and everyone is happy- positive feedback all around!
4. A couple of months pass, then the seller wakes up to an interesting email from Paypal: “A chargeback has been filed for website/domain name. The seller logs into his Paypal account to see that Paypal has already taken money out of his paypal account. If he no longer had any money in his account, Paypal attempt to withdraw from your bank account or credit card. If you have no linked accounts, Paypal will notify you that if you do not pay the outstanding balance, they will give the debt to a debt collection agency and your credit score will be negativly affected.
5. The seller emails the buyer asking what happened.
6. The buyer never emails back
7. The buyer keeps the website, and the money
This happened to me on Flippa.
Adam Paddock is the founder of Zenscrow.com, a service that offers rent-to-own options for premium domains by providing safe and secure transaction support for domain buyers and sellers. Paddock also is the founder of AntiApparel.com (sold in 2009) and has consulted for years in search engine optimization.