Afternic – A pleasant surprise of a domain acquisition venue

Like many other domain investors, I received the news of Afternic's acquisition by GoDaddy last year with mixed emotions. Giant companies that incorporate other smaller entities into their business structure, are never good news for the smaller company and its employees. However, Afternic doesn't seem to have lost any of its prime glory, and a transaction I just completed reaffirmed just that. There is an interesting twist to this story; it started as an attempt to acquire the domain on Sedo, but after a week of no response by the seller, my inquiry timed out. In the meantime, the seller had somehow moved their domain portfolio to Afternic, where I was able to buy it at BIN price. Strategic acquisitions of domain names and brands are essential, whether one wants to develop … [Continue reading]

When the reserve is nothing but a bait number

Maintaining the dual roles of domain buyer and domain seller, is not an easy task. One has to juggle between these two roles - rolled together into the joint function of "domain investor" - and keep an objective approach to business. As a domain seller, whenever I offer domains for sale on various venues, if I use a public reserve price it is the actual minimum price I'd consider selling at. This approach helps indicate what range of offers one expects, and allows serious buyers to surpass it if they are so inclined. In fact, this approach leads to a sale quicker, than with a "make an offer" statement. At the antipodes of this, is the use of a pseudo-reserve price, often utilized by domain selling venues. Personally, I've seen it on Sedo, and it works like this: The domain … [Continue reading]

Swimming in a sea of domain freebies

A little over a week ago, I asked Network Solutions and XYZ to "cut the bullshit" and end the blind give-away promotions that have polarized the domain industry and have created artificial registration numbers. Not to mention, both companies involved lost a substantial amount of "face" in the industry. Despite "promises" that if I didn't click on that link to refuse the registration of the XYZ domain in question, I'd receive it as a "gift" within 7 days, nothing happened. Maybe because I have no domains left at Network Solutions, after moving them out. Or perhaps because one has to raise the roof for some companies to realize they are doing it all wrong. Forced promotions with freebies that one "must have" without an option to opt in, are simply wrong and … [Continue reading]

Close the domain deal quicker with a not-so-appealing alternative

Happy July 4th and TGIF. I've seen some lengthy, multi-part "instructions" recently about how to close domain deals. Things aren't that complex, really. Deals begin with an offer and/or a … [Continue reading]

XYZ / Network Solutions: Cut the bullshit already!

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In case you were wondering whether the infamous XYZ promotion by Network Solutions has stopped or not, I can assure you it's still going full force. With more than 200,000 .XYZ domain names under … [Continue reading]