Quickly Sell a "Faddy" Domain Name | DomainInvesting.com

Quickly Sell a “Faddy” Domain Name

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There have been a number of times where some new faddy trend or buzzword comes out, and I’ve looked up the Whois only to see someone beat me to the punch and registered it minutes before or a while back. I usually tip my hat and congratulate the buyer on his intuition – especially if it was registered months or years prior.

A problem that some people have, most of whom are domain investors capitalizing on trends, is that they often don’t sell at optimal value, hoping or anticipating that another better offer will be received. When a fad dies off and it’s no longer the lead story in the news, the domain name will drop significantly in value and interest in the domain name will wane.

Instead of rejecting every offer hoping for a better one that might not come, it might be a good idea to sell the domain name for a strong offer that’s received in the first few days/hours of the trend, and some of the money should be used to buy a great generic domain name that will stand the test of time (keep in mind you’ll owe taxes on the profit so don’t use it all).

If you can turn an $8 investment into a $10,000 profit in just a few weeks, it’s silly not to do so. Sure, you might leave some money on the table, but nobody every went broke selling domain names at a profit.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (24)

    Brian

    “nobody every went broke selling domain names at a profit.”
    that is so true when i first got started i missed 1 good deal and two beer money deals by not selling wen i should have.

    June 23rd, 2009 at 11:14 am

    Michael Berkens

    Elliot

    I’m going to disagree with you on this one as a blanket statement.

    I think it depends on several factors what the topic is, & how much staying power you think the issue is going to have.

    I had one of these domains just a few months back.

    It was a name I owned for a while and got to be a hot one in a short time.

    I turned down offers as high as $15K within hours of news hitting.

    The domain has made over $23K in the past 3 months in PPC and although its slowed up quite a bit, i’m glad I kept it.

    June 23rd, 2009 at 12:01 pm

      Elliot

      @Michael

      You made a good point here – thanks. The caveat is that the domain owner needs to have the financial capacity to be able to turn down a significant offer and not regret it.

      June 23rd, 2009 at 1:14 pm

    Ritz

    makes me think of ‘Joe the Plumber’

    should have sold when it was hot.

    best,

    Ritz

    June 23rd, 2009 at 4:37 pm

    Maria

    Pretty good post. I just stumbled upon your site and wanted to say
    that I have really enjoyed reading your posts. Any way
    I’ll be subscribing to your feed and I hope you post again soon!

    June 23rd, 2009 at 6:34 pm

    Leigh Ann

    I own Valcations.com.
    Any offers?

    Also, I would love to know what domain you were smart to register Michael. Would you share with us?

    June 23rd, 2009 at 10:47 pm

    J.R. Jackson (Internet's $8-Million Man)

    I own ForeverFREE[.]com and turned down a $225k offer about 7-years ago from IDT long distance. I thought I could hold off and get more. Well they declined and I still own the domain, which I don’t mind as it is a great domain. Although I wish I would have sold it :-)

    I also owned FreeBusinessCards[.]com and received offers of $25-$50k every couple of months for almost 10-years. Near the end of 2007 I received an offer (6-figures) and after negotiating for about 2-months we sealed the deal. I won’t say exactly how much I sold the domain for but it was a great ROI.

    J.R.

    June 24th, 2009 at 12:55 pm

    Bruce Gittleman

    Speaking of faddies:

    whokilledmichael.com
    michaeljacksonmurdered.com
    michaeljacksonpoisoned.com

    June 25th, 2009 at 9:31 pm

      Elliot

      Looks like a waste of $25

      June 25th, 2009 at 10:42 pm

    Bruce Gittleman

    Elliot,

    That’s pretty much the same “feeling” you had about names with “candy” in them, .us and anything without .com at the end. Correct me if I’m wrong, but your “feelings” about the last two have shifted 180 degrees of late and perhaps you haven’t read Rick Schwartz’s post of yesterday, the 25th, which I highly recommend as a sweet way to adjust your remaining “feeling” about (some) names with candy in them.

    Check out michaeljacksonchat.com and share with us if that is a “waste” of money, too.

    Thanks.

    June 26th, 2009 at 8:59 am

      Elliot

      @Bruce

      I always think trying to make money off of a tragedy is tacky. Whatever my feelings are, I still think you ended up buying worthless domain names that will end up expiring in one year without any interest because they don’t even make sense. Didn’t he die of a heart attack?

      RE: Candy names… It’s a pet peeve when people thinks something is worth much more money than it really is and quote a recent sale, which is more dissimilar to theirs than similar. I laid out my feelings in the previous post.

      No, I haven’t read Rick’s post – I am on vacation and I am headed to the beach.

      June 26th, 2009 at 9:58 am

    Bruce Gittleman

    It seems as though you have access to a PC or Blackberry and as such, you could have or could now read both Rick Schwartz’s entry of the 25th and news postings that an injection of the narcotic Demerol was allegedly responsible for the sudden death of Michael Jackson. Just who might have administered the injection, if any or anyone, has not been published, to my knowledge.

    Regarding making money off of a tragedy being “tacky”, EVERYONE LISTEN UP: DEMAND THAT YOUR NEWSCASTERS, REPORTERS, LAWYERS, JUDGES, HISTORIANS, MUSEUMS, PUBLISHERS, LIBRARIANS AND THE WHOLE FREAKING SYSTEM OF CAPITALISM IMMEDIATELY STOP MAKING MONEY OFF OF TRAGEDY!! DAMMIT!! ELLIOT THINKS IT’S TACKY!!

    I THINK HYPOCRACY AND THE DISINGENUOUS DRIVEL UTTERED BY SOME DOMAINEERS IS TACKY!!

    HAVE A GREAT DAY ELLIOT.

    June 26th, 2009 at 11:19 am

    Elliot

    Yes – my Blackberry is on constantly and I am almost always connected, but I am out of the country and my Verizon data plan doesn’t work here.

    At my wife’s request, I haven’t spent much time doing business this week and it’s been relaxing.

    June 26th, 2009 at 11:40 am

    Leigh Ann

    @Bruce

    Mean spirited comments take a lot of fun away from the fun spirit of blogging.

    June 26th, 2009 at 12:07 pm

    Bruce Gittleman

    @Leigh Ann

    Should I run my postings by you for approval before I submit them? Maybe I can send them to LeighAnn@funspiritofblogging.com?

    I’ve got to go pick some flowers and meet my friends for tea and chatter. TaTa.

    June 26th, 2009 at 12:21 pm

      Elliot

      @Bruce

      Maybe you should email Leigh Ann some domain names you are thinking about registering before you do so :)

      June 26th, 2009 at 12:22 pm

    Bruce Gittleman

    @Elliot

    How’s this one?:

    MyWifeGaveMePermissionToWriteAnotherPost.com

    πŸ˜‰

    June 26th, 2009 at 12:29 pm

      Elliot

      MyWifeIsGettingMeLunchByThePool.com

      June 26th, 2009 at 12:31 pm

    Bruce Gittleman

    ThatsWhatYouThink.com

    June 26th, 2009 at 12:40 pm

    Bruce Gittleman

    WaitWhereIsTheLifeguard.com

    June 26th, 2009 at 12:41 pm

    Bruce Gittleman

    OhWellThereIsAlwaysLeighAnn.com

    June 26th, 2009 at 12:45 pm

    Ritz

    haha!

    Elliot’s blog must surely be

    theBestBLOGintheWorld.com !

    have a good time relaxing Elliot!
    Bruce.. big kiss to you.
    and who is LeighAnn ?

    πŸ˜›

    June 26th, 2009 at 2:01 pm

    Leigh Ann

    Leigh Ann is:

    ARealCoolDomainerGal.com

    who wishes Elliot a:

    FunVacationWeekend.com

    who wants to share with Bruce that Janet was overheard saying:

    HidetheDemoralSyringe.com

    and to the Ritz…

    TheBestsoftheBests.com

    June 26th, 2009 at 3:22 pm

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