Domain price quotes should be higher, not lower

In a given week, I receive dozens of domain inquiries for my portfolio, at Domain Name Sales.

Not every inquiry is worth responding to, but I take the time to “ping” those that make the inquiry; sometimes, to educate them on the value of domain names.

Sometimes, even though a sale seems to complete and the escrow process is initiated, the other party fails to pass the test of honesty and integrity and they do not proceed with payment.

Such cases, however unpleasant as they might be, offer the upside of reviewing a domain’s potential from a different angle.

For example, what made the deadbeat buyer risk their reputation and exposure of their name, not to mention, potential litigation from a failed contractual agreement?

Often times, the buyer is a legitimate buyer, a company even, that decides to play a game of cat and mouse; as a professional domain investor I make it clear that failed agreements have repercussions.

While it sounds like a threat, it’s actually a promise to myself to turn the failed sale into a successful transaction, for a higher amount of money.

Essentially, the creation or affirmation of interest in a domain, sometimes at the very end of its annual expiration, generates a higher premium for its acquisition.

In other words, the next time that I quote a price for that particular domain, it will be higher, not lower. Domain buyers should understand that there is only one opportunity to acquire a particular domain name, especially as the market becomes overly saturated by extensions that increase the value of aged, generic domain names.