Don’t wait for a Pending Comment at Sedo

Posted by Acro in Business, Domains on May 7th, 2012

When an offer comes through at Sedo with a comment that wasn’t populated from the drop down menu, that comment is held for review by Sedo staff.

There are two ways to deal with such comments, and my response depends on the offer itself.

In the past, I explained why listing my domains with a fixed price on Sedo or other venues does not work for me.

If an offer with a custom comment is detrimental to the domain negotiation game, I usually call Sedo for them to review and potentially release the comment, in order for me to see what the buyer is attempting to convey.

Usually, Sedo does that within minutes and the process has helped me speed up the negotiation process. The method works in a similar fashion if I wanted one of my own custom responses to be relayed to the buyer without much of a full day’s delay.

Now, if the offer that comes with a pending comment is not of interest, I never wait for the comment to be released, but I simply cancel the negotiation on the spot. I don’t have time to waste and this way the lowballing buyer thinks twice before making an offer again in the future.

 

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Backorderzone beat SnapNames and Pool

Posted by Acro in Business, Domains on May 3rd, 2012

Backorderzone.com – I ‘hate’ these guys.

Actually, I don’t hate them, but I’m amazed that they beat both SnapNames and Pool for a domain I had backordered.

While SnapNames sent me the usual “apology” for trying and failing to capture the domain, not a pip was heard from Pool.

Upon checking the WHOIS via DomainTools, I noticed that Backorderzone.com is the new holder of the domain.

The Colorado Springs company both captures and auctions domains and it’s free to join. It is not yet clear to me if Backorderzone also holds domains for themselves or only catches them for clients.

So far I haven’t signed up, but I might do so, if the domain I wanted is somehow sent to auction.

Good job, Backorderzone…

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Patience is a virtue in the domain business

Posted by Acro in Business, Domains on May 1st, 2012

With regards to domain investment and sales, I tend to do things the fast way: I close deals quickly, after negotiating in a sharp manner.

I don’t have time to waste. My method and approach to doing business online is often perceived as arrogant, but trust me, I’ve never had any real life complaints.

The truth of the matter is that many disagree with me. And that’s fine, because one can be patient in how they approach certain business opportunities in domain investment.

When Rick Schwartz negotiated the sale of Candy.com, that was the ultimate paradigm of engaging patience as a domainer’s virtue.

Unfortunately, this is not a virtue that I can always stake a claim to, but I appreciate it in others. This way, I’ve learned that one can be flexible, e.g. when negotiating a price or when making an offer with long term benefits.

The bottom line is, that adapting to the flow of events but maintaining your own momentum works best. Sometimes, one has to slow down and regroup, other times one must go forward as if their life depended on it.

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BuyDomains and UDRPs: Not really a surprise

Posted by Acro in Business, Domains on April 30th, 2012

BuyDomains was served with a third UDRP in a week, according to Mike Berkens at TheDomains.

I’m not in the least surprised and I’ll explain why.

It’s a game of numbers. It’s pure statistics at work: the more domains one owns – assuming that they are spread naturally and are not intentional, blatant trademark violations – the chances of being served with a UDRP are higher.

With four million domains in its portfolio, BuyDomains is definitely a large player in the market. During the past few years, BuyDomains liquidated several thousand domains and released a few more. But the bulk of its portfolio has been held for years.

Sometimes, trademark holders or those who believe they have a case don’t wait any longer. Corporate lawyers change and younger, more aggressive legal teams take over the game of intimidation.

On top of that, BuyDomains monetizes its domains in a manner that gives plenty of fodder to those companies that witness their products, brands or those of competitors appear as ads on the web sites.

So it’s not really a surprise that those recent cases saw the light of domaining day. Domain investment carries its risk and BuyDomains has recorded plenty of success to prove that such investment is worth it.

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Validate your domain registrations with LinkedIn

Posted by Acro in Business, Domains on April 28th, 2012

I use LinkedIn – the network of professionals – to keep in touch with people I worked with in the past, present and those that I would like to work with in the future.

I also use it for a different purpose altogether: to gauge or ‘validate’ domain registrations.

Often, I peruse domain lists of available domains; some of which I generate from old corporate data. There are hundreds, if not thousands of corporations that ended their lifecycle; the domains often expire and drop.

That’s where LinkedIn comes to play. A lot of those corporate entities are still semi-active, at former employee level. They often form communities, sometimes they reminisce about ‘the good old days’ and thus provide me with valuable information prior to committing my selections of domains to register.

So next time you come across an available domain, or when you ponder about how much to spend on one that’s on sale, try a search on LinkedIn first.

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