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Some thoughts on DNS and .website. I am not really crazy about the .website extension but I did consider getting a few to go along with some matching .com’s I have, I have EmailWebsite.com and GamblingWebsite.com, I have received inquiries into them, more into gambling than email, but never any significant offers, it looks like email.website is reserved by the registry and somebody beat me to gambling.website this morning, it might have been a premium which I wouldn’t have paid anyway…
On another note, I am thinking about DNS today, I like the DNS system more than Sedo and GoDaddy, I like that there is communication with the buyer, as opposed to the blind no communication that happens at Sedo and GD, but I still have so many offers I have accepted at DNS that just go nowhere, and I am not talking about buyers that agree to the Escrow and then don’t pay for whatever reason, I am talking about buyers that say they will pay $3000 and I tell the broker I accept and when the broker says the seller has accepted your offer we never hear from them again?
This keeps happening to me at DNS, I have a dozen offers I have accepted recently that have just dissipated after I accept the offer, it is happening too much, we need to use a different psychology to close these deals imo. I was in the Car Selling Biz for 12 years and we never committed to anything, never ever, if somebody said will you sell for $12k we never said yes, we said will YOU buy for $12k if the boss (seller) agrees to it, we didn’t accept THEIR offer until they were in a closing booth with checkbook in hand, always make the buyer commit, as soon as you tell them you will sell for $12k they like to take that home and think about it, that is what is happening at DNS.
My suggestion is this: When a buyer says they will pay $3k and the broker has confirmed I will sell for $3k don’t tell the buyer that, tell the buyer if you are serious at $3k let’s set up an Escrow for that, let’s show the seller you are serious, the broker can tell the buyer that they know the seller and they know the seller is motivated by serious paying offers, as the broker I would say “Let’s set up an Escrow at $3k to show the seller you are serious and then I will do everything in my power to get the seller to agree to a $3k selling price, we can always cancel the escrow transaction if the seller does not agree to the terms”, put it on the buyer to solidify their offer, make them take some real action to show THEY are serious, otherwise we are just like car salesman chasing customers out to THEIR OLD CAR with a figure we should have never committed to in the first place written on a brochure, we are sending them away with a price and something to think about, it doesn’t work that way…
Any other thoughts on this, any old car salesman out there?
Here are the domain picks dropping on September 20th 2014:
AbDesign.com – Not sure about TM’s but it is being used by many websites
AdClips.com – If you make video ads I suppose this domain would work
BrandConsultancy.com – Lots of ads, $18k Estibot and a high CPC, nice name
DieselEngineering.com – 2 diesel engineer names today, this is $320 Estibot
DieselEngineers.com – This one is $3.2k Estibot value?
EnlargingBreast.com – Not the best way to say this but still lots of ads
FunkyThreads.com – Nice name for a funky clothing site imo
OZParty.com – I know you folks down under know how to party hard
ParadiseCams.com – Who deosn’t want to see what paradise looks like
SportsWarehouse.com – Nice name if no TM issues, lots of sites using it
Gianni.net
ManagementSystem.net
SeniorServices.net
CorporateOffice.org
eFlight.org
LegalRepresentation.org
Archaic.me
Champ.me
Chopsticks.me
Gliders.me
Mortar.me
Nationwide.me
PacificOcean.me
Siblings.me
Tinting.me
Trusting.me
Wiseguy.me
Zoso.me
Arcades.tv
GraffitiArt.tv
IMV.tv
Atlantic.info
Giant.info
Make sure you also check out Domain Shane’s Big List of names and Domaining.com for some other great domain blogs and domain name lists.
Domain of the day: EmailProviders.com – Make me an Offer!
Thanks for stopping by…
Gaming.Website is $3,000 per year, I am sure gambling.website was $1180 when I looked it up
FYI gamble.website is $600 so sleep better
Good advice, about closing deals.
Agreed.
good advice.
interesting how details can change the path of negotiation.
Sounds like someone has maybe had enough when buyers don’t pay or like you say, they accept a deal then never follow threw.
I have suggested a few things in the past that have fallen on deaf ears. i guess domainers really don’t care if they get paid or not because nothing ever changes.
This business of selling domains is all done on the honor system, they do business on a handshake.
For this to change, it takes the corporate domainers to stand up and be heard loud and clear that things have to change.
The guys like you Mark that have a popular blog site have a good way to change things.
I suggested a sale agreement over a certain dollars amount must have a deposit of 10% put down first before the sale is to continue to escrow, it will save everyone a lot of headaches.
I have heard you mark talk about not being paid, i have had too many deal where i have not been paid and i heard konstantinos talk about it as well.
I like ozparty.com because Aussies know how to party hard keep up great work
As a serial entrepreneur I am always selling products and services…I have sold many products, across many different industries, and the “sales techniques” or “power of persuasion” remains the same….However, selling domains is a whole different animal… All written rules and “sales techniques” are thrown off the horse in the wild west of domaining….Good luck yall, carry a big iron with one in the chamber and keep the sun on your back as you venture into the wild west of domaining….
Domain of the day – DomainIndustryAssociation.com
Mark,
I think an interesting idea could be the integration of an Escrow button into a “make an offer” box.
This way the offer will immediately start a transaction at that price, and at that point it’s up to the seller deciding if accepting it or not.
In this case, if buyer backs out, he/she will have to pay the Escrow fees.
Both requesting a deposit, as Brand mentioned, and this method should somehow deter fake buyers and other “silly” people.
That’s a good idea as well, if they back out after accepting that the transaction be sent to escrow, they still paid the fees.
I forgot to say like last time on my idea.
If they put down the 10% then back out they lose the deposit.
Funny Andrea, you were the only one that cared enough to make a comment last time i brought this up and here you are again.
IMO, these domain are hard enough to sell, people have far to many options out there now and taking a persons word that they will pay just doesn’t work anymore.
“taking a persons word that they will pay just doesn’t work anymore.”
Exactly …
In Italy we say “verba volant scripta manent”, which in Latin means “spoken words fly away, written words remain”.
I had my names at DNS for a while and got 10 times more offers than any other platform but like you, they never sold or the buyer disappeared. Is it possible these offers are bogus by DNS to make their sales platform look better than it really is. Let’s be realistic, why would anyone get more offers through them than another platform. It doesn’t make sense. Not pointing fingers but curious.
That wouldn’t surprise me a bit, goes to show what a racket all this is.
I do not feel DNS is faking offers, as a matter of fact they are the most transparent of all the aftermarket platforms, I can actually see who is offering on my names, email, ip address, etc, and they are definitely not the only aftermarket with non paying buyers, and I get as many offers at Sedo and GoDaddy so personally I can’t say I get more offers at DNS.
I also like that Frank responded that he will look into integrating some of these ideas, try and get Sedo or GoDaddy to change their ways, it wouldn’t happen, I have made numerous suggestions to Sedo that they should make it so I can go back for 5 or 7 days and accept an offer that I counter when the buyer doesn’t respond to my counter, I am sure they would sell many more domains with this option, but those suggestions just fall on deaf ears…
“they are the most transparent of all the aftermarket platforms, I can actually see who is offering on my names, email, ip address, etc”
Mark,
just to let you know that also Voodoo offers those features, and IMHO their parking platform is more complete, since it provides more stats and optimization tools.
Another feature we appreciate is that Voodoo has no conflicts of interest regarding the brokerage side (they don’t have a big portfolio of domains to sell), so they are not interested to use our leads … sorry Frank, no offense, but I’m used to say things as they look/are …
These are the main reasons why we left DNS (we had already moved all our domains when Jeffrey Gabriel closed our account … maybe you remember the querelle …).
P.S.
When I say “brokerage side” I refer to self brokerage, since Voodoo is not into the brokerage business and we broker our domains by ourselves, using our partner Escrow.com.
Thanks Andrea, I am going to look into Voodoo, I have never used them before…
Yw Mark.
And maybe you can try DomainGang new service to deter those “silly” buyers. look here: http://domaingang.com/domain-news/domain-obituary-party-wont-honor-domain-agreement/
lol …
Thats funny deadbeat domainer.
I thought at one point, Mr Rick Shwartz was going to put these deadbeat bogus buyers on his hall of shame site.
Guess that’s all it was, a thought.
“Guess that’s all it was, a thought.”
I still love Rick Schwartz, and as usual he has the perfect domain for this situation, LipService.com, lmfao…
My first month at DNS and I have experienced everything you guys are saying….
personally I never touch gambling domains due to the ethical and moral stance involved towards them. There are so many people f##ked up financially with online gambling.
That’s great advice.. we will build it into our new closing process (under construction now)
Thank you, Frank.
I still love you even after .link.
You are right Mark, if they are not bogus offers, then it means they come from buyers that are only trying to go home with a price.
Maybe DNS and all other platform could create a banner for all the landing pages, to put under the eyes of everyone everywhere, stating something like:
“on DNS (sedo, afternic, ecc.) ALL QUOTATIONS GIVEN ARE VALID FOR 7 DAYS ONLY if not otherwise specified”.
Maybe that could help to teach everyone that acting only to try to “go home with a fixed selling price” could be not the best technique…
PS. Today is the last day of validity of my quotation for that wonderful new TLD – be sure my last message was not kept by your antispam…
And be sure you’ll not go away after the Escrow transaction is opened
Or maybe even better:
“Since good domains are the most underestimated assets on the planet, their prices are constantly increasing, therefore on DNS (sedo, afternic, ecc.) ALL QUOTATIONS GIVEN ARE VALID FOR 7 DAYS ONLY, if not otherwise specified”.
Glad to see people are starting to talk about the serious problem of bogus buyers.
But you have to make people stand by there word and the only way to do that is to hit them where it hurts.
You have to hit them in the pocket book.
If a person has made a commitment and they back out, then there is a price to pay.
LOL @ lipservice.com, that’s classic.
Nice appraisal too.