Hello everyone,
I feel it’s an interesting topic to share and discuss with you.
I have been actively buying domains through auctions like GoDaddy Auctions, NameJet, SnapNames no matter they are expiring, buy out, privately listed, etc. But there is one more way to acquire domains quite easily and without any trouble. That is to buy domains privately.
Now there are few points right now on my mind which makes me feel more comfortable buying domains privately.
1) Chances are to get reasonable price because the seller won’t require to pay any commission to middleman (broker) or any companies like Sedo, Afternic. These companies charge 10-20% commission which sellers must pay so many times if the seller is regular in this business he will up his asking price by 10-20% depending on the platform where the commission structure varies. So once you go directly there is possibility of getting straightaway discount in the range of commission they would be paying to those companies.
2) It’s completely hassle free because buying domains through an auction is to wait till you win the domain. No matter what the time is. Chances are to lose as well because some buyers don’t have idea what the real value of that domain is (reseller value) and overpay for that domain. You can be the victim too by outbidding him and winning the domain. At the end you will pay more than you were willing to and will face difficulties in selling at decent profit.
3) One more important thing while making private purchases is the negotiation tactics. You have to be very patient and never show your desperateness for that particular domain. You know there are few domains I bought privately which took me more than 1 year to acquire from the previous domain owner. The more patient you are and have negotiation skills, the more chances to get that domain with lowered price.
There can be some more advantages of buying domains privately. If you come across any, feel free to share. Also do you agree with me on above points?
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You will find this quite interesting and funny. As many of us buy domains through auctions and recently I acquired a .net which I thought was good for reselling purpose and got for mid 3 figures. After acquiring it for 40-50 days I was contacted by the previous owner of the domain asking me to transfer back domain to him as there was some problem with the company he registered the domain. I wasn’t sure what he was actually referring to because of the broken non-English language.
If you see a two word hyphenated domain with huge number of exact searches and high CPC I would still suggest to carefully analyze the domain before you make any final decision. Check the past domain sales of hyphenated domains where you will find the non-hyphenated version have sold for much higher so don’t get fooled by paying higher price thinking you can sell it for big bucks like the non-hyphenated sold in the past.
I am curious to know if any one had real success in selling .CO domain names? Actually success can be defined in many ways by different people. I invested very little amount of money in .CO domains. Didn’t bought any domain in Landrush. Just pre-registered and hand registered domains only. Some of which I sold them at quite nice price. One of my notable .CO sale was Textbooks.CO which I sold for US$12,000. Rest were four figure sales.
I won’t disclose for which domain I am talking about but you will still find interesting reading out.
