I would have passed on cushion.com at $10k, but bought datacube.com and B6. Nite.com was a super buy but would have brought me pause - and most likely just tabled it in the end.

Our last domain buy, I submitted a $50,000 offer as myself and the deal was accepted within 4 hours - no counters or questions really. I was thrilled as I believe it worth hundreds of thousands…obviously the seller was thrilled…sub-4 hours makes one feel like they overpaid
Domains are so unique and their pricing is as well. Derek is doing a great job acting on the offers he makes. AND then flipping out for profit. As he mentions, most drops will be resold in the $1-$4k range if even worth re-reging.

I was/am happy with your offer and gladly accepted it and sold you my domain. BUT…….although you say you prefer to negotiate without games, why didn’t you just do it straight up yourself instead of sending your wife to make the deal.

I told her that…..although I was not unhappy with the deal we made, I didn’t appreciate the “game”…..and although the amount you paid ($20K) seemed/seems fair to me…..I still felt “played”.

If you would have been straight up with me from the start, I wouldn’t have had a thing to say and we’d still have done business.

Once I started looking into what was going on, it just felt like a sneaky deal. And although it probably wasn’t…..it still felt like that.

Impressions are VERY important….and you left a bad one.

I made you a first offer of 20k for nite. Hardly a low ball offer. You happily agreed to that. Why does who I am change any of that?

I’m not sorry to have sold my nite.com domain for $20K, just wished I’d gotten the truth about it.

Normally I wouldn’t care about “proving” anything to anyone. Those who know me in this industry, know everything I said above was 100% true. I’ll do it anyway since it is Christmas. This is my gift to you.

The name of the domain I bought for 10k and sold five days later for 75k was Cushion.com. It’s reported in the DN Journal. The two-character .com I bought for 7k and sold for 45k was B6.com. I did disclose more specifics to Sahar in the original email. When he asked if he could publish it, I said “yes” as long as I can remove details that my buyers may not appreciate being open for everyone to view. Now, enough time has passed that I feel better disclosing the specifics. Does this make sense to you now?

In addition to what I wrote above, I sold Copies.com for 90k a month after this was published. Also in the DN Journal. I now own 8 premium generic names that I have reinvested in, and see opportunity literally everywhere I look. These names are a “little” better than what I could be finding in today’s domain drops. Had I followed your advice above, I’m pretty sure I wouldn’t be self employed, like I am now. I speak from real-world experience, and my payouts are today, not dependant on what my domains are worth in five years from now.

I NEVER said future technologies were non-existent. What I said was there are,”too few noteworthy technologies to really matter”. I still stand by this statement. You are free to disagree on this.

Beyond this, If you still chose to be skeptical, that’s ok. It doesn’t make it any less real for me, whether you believe it or not. I’ll go on doing what I’m doing, and you go on registering “investment value” domains from drops. Believe it or not, I like seeing you spend all your time doing just that.

Have a good one!

Getting rich fast is good work when you can get it, but the risks are generally much greater and it is certainly not the only approach to investing.

It’s a great story and it’s not impossible.

Unfortunately, the story contains the typical lack of details and vague references, such as buying “a very nice single word generic for a mere 10k”. Again, this is certainly not impossible, but claims of making $65K in five days on that same domain name should expect to be met with health skepticism.

Failing to factually support such claims casts a shadow over the validity of the story, the concept, and the industry as a whole. Please consider turning this negative into a positive by disclosing the details of the sale you chose to discuss publicly.

Thanks

regards

Andy

I just read Sahar’s post on his blog about a beginner in the domain industry that managed in a short time to get out of the crowd and make some decent sales that today allow him to live from domaining, check the whole story here:
http://www.conce…