It looks like JP Morgan Chase recently made an important domain name acquisition. Whois records show the banking and financial services conglomerate has acquired the JPMC.com domain name. I am not sure how regularly the company is referred to simply as “JPMC” but it seems to be the most commonly used acronym.
DomainTools historical Whois records from a few months ago show a registrant who I believe is active in the domain investment space. Subsequent to that and earlier this month, the domain registrant became DNStinations, Inc. As of today, the Whois registrant is currently listed as JPMorgan Chase & Co.
If you visit JPMC.com right now, you will see that → Read More
When negotiating a domain name purchase, I regularly encounter a bit of turbulence. Usually it happens when I make some sort of best and final offer and/or the domain name owner makes a best and final offer and we are left far enough apart that there is a material difference in our positions.
I thought about several ways I have been able to close deals that I want to share with you. Sometimes, none of these will work, especially when there is a considerable gap between valuations and offers. In addition, I have found that even smaller concessions can be helpful, especially when it comes to someone who seems to refuse to budge on a number out of principle.
Here are 5 deal closing incentives that I have used to varying degrees of success:
Add a few extra $ – When your offer is fairly close to the seller’s price, it may make sense to offer a bit more money. If the deal is good, a few percentage points won’t likely hurt. I won’t spend more than my comfort level, but I can generally find a bit more money if it means closing a deal.
Promise immediate payment – Although this is always a given for me, I let the seller know that I will pay right away. This may get them to think that other people might not pay right away or would need to line up financing (especially if the domain owner isn’t too familiar with domain name sales). Knowing that they will have a nice wire transfer into their bank account within a day or two can be a powerful incentive to closing a deal. → Read More
I recently received a few $5,000 offers for domain names I own. Based on several factors including the email addresses, the information in the emails, and a couple of other things, I believe these are mass emails sent to many domain owners. My opinion is that the sender goes through all of the affirmative responses and decides which to pursue and which to ignore.
I assume some people are very happy to get a $5,000 offer for a domain name only to be let down when they don’t receive a response. I also assume some people get annoyed by these $5,000 offers because their domain names are worth much more than $5,000. Others find them annoying because nobody responds when they wish to begin a discussion, as a $5,000 opening offer is usually enough to at least open a dialog.
One takeaway from this is that → Read More
When I think of a domain broker, my first thought is that these people represent the owners of domain names who are looking to sell them. There are also brokers that specialize in representing companies and people who need to acquire a domain name. These domain name buyer brokers serve an important role in the facilitation of domain name deals.
Over the course of a year, I receive quite a few requests from people to help them acquire a domain name. I almost always recommend that these people work with a domain broker to purchase their domain name. I want to share some of the reasons why I suggest this, and I asked three domain name buyer brokers to offer their thoughts. Adam Strong of Evergreen, Bill Sweetman of Name Ninja, and Alan Dunn of NameCorp all shared their insight about using a domain name buyer broker.
Setting expectations – Many people have no idea what a domain name in the aftermarket will cost, and a broker can help set expectations. “A Buyer Broker can help a client understand what sort of budget is realistic for their domain acquisition,” Bill Sweetman told me. “Buyer Brokers should have an extensive understanding (and access to data) of what comparable domain names have sold for and are currently selling for,” he continued. This can ensure that the buyer has the budget for the domain name that is desired. Setting expectations at the outset is important, otherwise it could waste everyone’s time.
Pricing – I would imagine most domain owners’ prices are dynamic. If they → Read More
According to an article on TechCrunch, “PornHub is launching a new fitness system (wearable + workout videos) called BangFit.” From a domain name perspective, the most interesting aspect of the article is the domain name that Porn Hub chose for its BangFit product.
Instead of using the exact match BangFit.com, which is listed for sale on HugeDomains.com, the company is using the new gTLD Bang.Fit. In addition, if you navigate through the site, you will see that participants are also directed to “GO TO BANGFIT.MOBI ON YOUR SMARTPHONE.”
The .Fit domain name extension is → Read More
On April 27th, Jamie Zoch noticed that the Fast.com domain name had changed hands. After the domain transfer was completed, the registrant was listed as DNStination Inc., a company that is affiliated with MarkMonitor. Companies that wish to keep their Whois information private can use DNStination as the registrant.
This morning, George Kirikos shared that it looks like Netflix acquired the Fast.com domain name. Although the Fast.com Whois information still shows DNStination as its registrant, there is a new website on Fast.com that says “powered by Netflix” at the bottom. I think it is safe to assume that Netflix acquired Fast.com.
The website appears to be an → Read More