What's new

Rob Kaay on Domain Sherpa

snoopy

Top Contributor
The seller (or broker) will never know what some’s budget is until well after they have walked away, to get a really high price people need to be willing to walk away.
 

robert

Top Contributor
Walking away, just to drive the price up a little more, and risking the initial enthusiasm and "buzz" for the domain name can sometimes drive the price sky-high, but can also be the biggest mistake ever . . . leaving a domain name with a seller for another ten years, and the potential buyer choosing something else they're happy with instead.
Knowing if and when to walk away is why some domain brokers get paid the big bucks and are worth their commission.
 

findtim

Top Contributor
essentially sales techniques and there are many, its a list of tricks, " door knob close, ben franklin close, buyers remorse/NON buyers remorse, intervention, fear of loss, silence, assumption close, and the list goes on "

you just have to pick the one you tink will work, face to face is sooooooooooo much easier then on phone and email is just brutal in my opinion.
there is so much information in peoples eyes and body language, i tend to go roberts way in that a bird in the hand..............
especially with the current market.

i don't sell domains i sell websites, so i am always asking $3/4/5+ K , my work has a value because it relates to hours, a domain has a value based on its BENEFITS, yet it has a limited market of possible buyers, if fetch didn't become a tv service its worth about $3k to a pet food wholesaler ! thats just reality.

so being left with a domain for 10 years is a real possibility.

i think it just gets back to NEED, do you NEED to sell it to pay bills? or not? , do they NEED to buy it? or not?

tim
 

snoopy

Top Contributor
Walking away, just to drive the price up a little more, and risking the initial enthusiasm and "buzz" for the domain name can sometimes drive the price sky-high, but can also be the biggest mistake ever . . . leaving a domain name with a seller for another ten years, and the potential buyer choosing something else they're happy with instead.
Knowing if and when to walk away is why some domain brokers get paid the big bucks and are worth their commission.

A broker will mostly be looking to get a transaction happening. With pd.com.au especially the buyer would not have clear alternatives, the prior name progressiveonoline.com.au is bad. So I'd love to know what the "buyer choosing something else they're happy with" choice is? Are they going to try and buy progressive.com.au instead? Is that any better? (maybe it is) But is it even buyable?

There is definitely potential for the seller to walk away on a sale like that and it wouldn't be known for years whether that was a good idea or not.
 

snoopy

Top Contributor
i just had a client change his business name because of domain name availablity , which caused a total rebranding process, so yes people do have choices.

but this type example still astounds me: https://www.screencast.com/t/ppe5pLBNHawd

tim

Agree this is often a possibility.

But given this is a multi national company are they going to do that to save 100k? I would say no chance, wouldn't call it an option. Either they stick with the terrible domain they already have, buy pd.com.au or try or buy progressive.com.au.
 

robert

Top Contributor
Snoopy: So I'd love to know what the "buyer choosing something else they're happy with" choice is?
Tim: I just had a client change his business name because of domain name availability, which caused a total rebranding process, so yes people do have choices.
Me: Exactly, Tim! There's your answer, Negative-Snoopy.

It's clear to see you don't like me for some reason, Paul. Can't honestly say I care. I don't have time for your negativity.

You sold DataCenter.com for $325,500 in 2011 - http://www.domaininvesting.com/datacenter-com-sold-for-352/ - and you sold it on a "platform" where you didn't have to wheel and deal the sale of the name at all. I personally don't trust how platform sales are done. You never know what's going on "behind the scenes" to drive the price.
Why didn't you have the brains and patience to wait 3 years and sell it for $500,000 ? - http://domaingang.com/domain-news/datacenter-com-sold-500000-dollars/ - like the next owner did?

You should have used your own advice to "get a high price from people".

Were you scared you were going to be stuck with it another 10 years?

It's tiring watching you negatively-dissect how everyone else goes about their business...
 

snoopy

Top Contributor
Snoopy: So I'd love to know what the "buyer choosing something else they're happy with" choice is?
Tim: I just had a client change his business name because of domain name availability, which caused a total rebranding process, so yes people do have choices.
Me: Exactly, Tim! There's your answer, Negative-Snoopy.

It's clear to see you don't like me for some reason, Paul. Can't honestly say I care. I don't have time for your negativity.

You sold DataCenter.com for $325,500 in 2011 - http://www.domaininvesting.com/datacenter-com-sold-for-352/ - and you sold it on a "platform" where you didn't have to wheel and deal the sale of the name at all. I personally don't trust how platform sales are done. You never know what's going on "behind the scenes" to drive the price.
Why didn't you have the brains and patience to wait 3 years and sell it for $500,000 ? - http://domaingang.com/domain-news/datacenter-com-sold-500000-dollars/ - like the next owner did?

You should have used your own advice to "get a high price from people".

Were you scared you were going to be stuck with it another 10 years?

It's tiring watching you negatively-dissect how everyone else goes about their business...

It was a name I wanted to sell due to a very low level of inquiry on it, basically just liquidating it. I was praying it might make reserve around 25k the day before!

In short I like to keep names where big companies are the beating down the door trying to buy a name, and I sell off the names where they aren't.
 

robert

Top Contributor
You're kidding, right?!
You had one of the best names ever in the "data center" industry that was only just beginning to explode! -- kind of like the drone industry now ;-)
You got some good coin for it, but anyone knows it's worth seven-figures now. Absolutely guaranteed.
I am inside large data centre's every other week with one of my businesses, money is not an object for the owners of each data centre, believe me. Even in Australia. It's another level in the US!!
No platform was needed to sell this name, but I'm sure you realise that now. It would have been a matter of time.
Not trying to take anything away from you on this, it was brilliant for you to get hold of it to start with... and make some money... but, I'm just saying...
Anyway, let's not lose track here...
The moral of the story is...
 

Bacon Farmer

Top Contributor
Selling someone else's domains for 5 figures ain't no where near as impressive as selling your own for 6 figures.

Attempting to ridicule someone that has is just petty.
 

Horshack

Top Contributor
Congrats on doing so well in a short space of time Rob. Hopefully that interview makes it into the news here and raises the profile of the Australian domain name space. Maybe it would be worth shooting a link to the AFR or one of the mainstream papers.
 

robert

Top Contributor
Selling someone else's domains for 5 figures ain't no where near as impressive as selling your own for 6 figures.

Attempting to ridicule someone that has is just petty.

First of all, Bacon Farmer, get your facts right.
I sold someone else's domain for "6" figures, $US - so what you said doesn't make sense.
I think the regulars who read this column can read Paul-Snoopy's passive-aggressive negative posts above, regarding my recent successes, and see them for what they really are.

The "subject" of this post was made by Scott7 - about my interview on Domain Sherpa. Instead of saying anything positive, guess which direction Paul-Snoopy had to go?! He made his choice, and I'm net letting him get away with it. He's been getting away with this behaviour in here for far too long.

He "insinuates" that he could do things better than I did, and then when I call him out on his own factual sales, doing exactly the thing that he is warning against, he gets upset?!

It's not cool that you're defending and enabling him on this, either.

Not sure where Horshack sits??? ... but I'll take the compliment!
 

findtim

Top Contributor
i'll go with the positive of the sale, taking a guess at your fee rpbert i'd say you earnt every penny !

tim
 

Bacon Farmer

Top Contributor
I stand corrected in this pissing competition.

Selling someone else's domains for 6 figures ain't no where near as impressive as selling your own for 6 figures. Does that make sense now? It's like a real estate agent big noting themselves for selling a 3 bedroom house in Wagga Wagga.

Snoop has been there and done it and he consistently punctures inflated egos and delusional positions. If you think it's negative then that's your call.
 

robert

Top Contributor
You're exactly like him. Your analogy is degrading, just like his.
There's a big difference between big-noting and defending oneself.
 

Community sponsors

Domain Parking Manager

AddMe Reputation Management

Digital Marketing Experts

Catch Expired Domains

Web Hosting

Members online

No members online now.

Forum statistics

Threads
11,098
Messages
92,044
Members
2,394
Latest member
Spacemo
Top