August 22, 2009 | DomainInvesting.com
101 Domain

Good Value Drop Auctions

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Cab CompaniesI just updated the list of top drop auctions on Snapnames. IMO, there are some pretty good domain names to be had, some of which have been selling far below end user values.If you are able to purchase commercially viable domain names at good prices, and you create a directory site or mini site on each, you can increase the value of them during the down market, while hopefully generating revenue.

I recently bought CabCompanies.com in a private seller auction on Snapnames, and I launched it a few days later. The website is a national directory of cab companies and limo companies. Although there isn’t much content (yet), it’s a decent starting point. I also paid less for the name and website than I think the domain name alone is worth.

I think my next project will be different and won’t use a database, I will find an industry with 5-10 industry leading companies that use affiliate programs. I will then build a site that discusses each company and provide an affiliate link for people to buy each company’s product or to visit the company’s website. When someone Googles “XXXXX companies,” my site will hopefully rank in the top 5 because it will be the exact match, and I will make money when people visit. It will almost be a ratings type site, but without the ratings :)

Anyhow, I am curious about what you think CabCompanies.com is worth as a standalone domain? Do you see any good domain auctions where you could build a site?


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Guest Post: End User Follow Up

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This is a guest post from domain investor Calvin Washington, and I wanted to share it in the hopes that it helps others who are dealing with end user sales. If you are doing something unique that could help other domain investors, and you’d like to write a guest post, please email me. As long as you aren’t trying to sell something or get a back link, and it’s helpful to others, I would be happy to post it.

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I have been using this trick successfully lately when selling to end users who for whatever reason showed no interest in my particular domain. It has been working for me after getting a “No!” or “Not interested” reply. It’s really simple and I’m sure many others are doing something similar but you never know!

Thanks XXXX,

Though you expressed no interest in XXXXX.com, I appreciate your getting back with me. The highest offer we received was $XXX. I guess it’s best to let the market decide it’s value. If for any reason in the future it may be of value to you, we will be willing
to accept $XXX.

In either case, take care!

Best,
Calvin

In closing, it’s strongly recommended that your price that you’re willing to accept be higher than your highest offer received. If not, you may come across as being dishonest. Hope this helps someone. Another big point I’d like to stress is the salutation. “Best” is my way of basically saying to the end user “This is my last contact to you, take it or leave it”. I sure there are some grammatical errors or misuse of punctuation, so make the necessary corrections when needed.


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