Sunday Updates and Thoughts
It has been the biggest sporting weekend in quite some time. We had the Kentucky Derby, Floyd Mayweather and Manny Pacquiao fight, and NFL Draft this weekend. We also have a Red Sox Yankees series at Fenway Park, and I’ll be at the Sox game tonight.
Here are some thoughts and updates. As always, you are invited to share your own thoughts and updates in the comment section if you would like.
I have noticed an uptick in purchase inquiries lately. Unfortunately, the majority are in the 2-3 figure range on names that I would sell in the 4-5 figure range. It’s always disheartening to open the DNS app to see a $50 offer on a name I bought for mid 5 figures! That’s the nature of the business.
The more domain name brokerages and full time domain brokers, the better. Professional domain brokers will need to continue making improvements on their sales strategy and end user education in order to compete. The successful domain brokers will thrive and the rest will probably leave the business.
Looks like the buyer of Pax.com for $200,000 was PAX Labs, Inc. It looks to be a nice upgrade for the company.
The expired CNNSi.com domain name is up for auction at DropCatch.com, and it currently has a high bid of $1,350. There’s too much legal risk for me to want to buy the domain name, but it’s going to sell for quite a bit of money. I would not be surprised if the auction hits 5 figures.
Earlier this week, Sedo announced that sellers can now put their domain names up for auction at any time they would like. This marked a change from only being able to push a domain name to auction after it received a bid or in a monthly Great Domains auction. Domain owners who use this strategy should be prepared to get in touch with anyone who previously inquired about a domain name as well as other prospects.
I decided to start another domain name development project: LakeWinnipesaukee.com. Hopefully the first iteration of the site will launch this week. I likely paid an “end user” amount to acquire this domain name, and it’s about time to build something. The main focus will be on real estate, vacation rentals, and activities.
I think I need to stop trying to “win” a negotiation when selling a domain name. Things tend to go much smoother.
After a couple of successful auctions, I listed some more domain names for sale on NameJet. Here is a wide assortment of the listings:
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