Comments on: Making It In The Domain Industry -2007 Edition http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/ Thu, 18 Mar 2010 20:37:45 +0000 http://wordpress.org/?v=2.3.3 By: Greg Nelson http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-10482 Greg Nelson Mon, 11 Aug 2008 14:51:03 +0000 http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-10482 I almost always buy as myself fully disclosed, but if you want to do volume and get deals like Derek it is not always possible...sneaky or not - the intent is to save money. I even agree that nite.com at $20k was both a good buy and good sale depending on your side. Had it been worth tens of thousands more to a domainer Steve would have gotten more offers through the years. There is some good learnings and actions here. Even regarding the disclosed info, I may not have acted...in fact... 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 almost always buy as myself fully disclosed, but if you want to do volume and get deals like Derek it is not always possible…sneaky or not - the intent is to save money. I even agree that nite.com at $20k was both a good buy and good sale depending on your side. Had it been worth tens of thousands more to a domainer Steve would have gotten more offers through the years. There is some good learnings and actions here. Even regarding the disclosed info, I may not have acted…in fact…

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.

]]> By: The Lazy Domainer’s Way to Fail : Domain Bits http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-9908 The Lazy Domainer’s Way to Fail : Domain Bits Mon, 07 Jul 2008 13:50:41 +0000 http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-9908 [...] a wonderful success story about how people can succeed in the domain industry, check out this story on Sahar’s blog. A couple things are important to note: Mr. Giordano worked 16 hour days to be successful, and he [...] […] a wonderful success story about how people can succeed in the domain industry, check out this story on Sahar’s blog. A couple things are important to note: Mr. Giordano worked 16 hour days to be successful, and he […]

]]> By: Steve Irving http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-6258 Steve Irving Sun, 16 Mar 2008 05:24:21 +0000 http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-6258 It's because you used your wife's name and not your own..... 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. It’s because you used your wife’s name and not your own…..

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.

]]> By: Derek http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-6213 Derek Wed, 12 Mar 2008 02:28:00 +0000 http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-6213 Wow Steve, and you wonder why I prefer to use my WIFE's name in these transactions as opposed to mine. This blog post is the first thing that pops up when a search of my name is performed. I have seen too many deals fall through when people find this and automatically assume they are being ripped off. Which is usually never the case. This is also why big companies prefer to remain anonymous when showing interest in a domain. They, like me, prefer to negotiate without the games. 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? Wow Steve, and you wonder why I prefer to use my WIFE’s name in these transactions as opposed to mine. This blog post is the first thing that pops up when a search of my name is performed. I have seen too many deals fall through when people find this and automatically assume they are being ripped off. Which is usually never the case. This is also why big companies prefer to remain anonymous when showing interest in a domain. They, like me, prefer to negotiate without the games.

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?

]]> By: Steve Irving http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-5985 Steve Irving Mon, 03 Mar 2008 14:35:07 +0000 http://www.conceptualist.com/2007/07/16/making-it-in-the-domain-industry-2007-edition/#comment-5985 Derek buys domains by having Joann (wife, sister???) make the transaction from a yahoo address, with a BS story......then she acts like she hopes the transfer goes fast because she had to "take the money out of her account"....... I'm not sorry to have sold my nite.com domain for $20K, just wished I'd gotten the truth about it. Derek buys domains by having Joann (wife, sister???) make the transaction from a yahoo address, with a BS story……then she acts like she hopes the transfer goes fast because she had to “take the money out of her account”…….

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

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