Domain Magnate

Happy holidays everyone, Merry Christmas, Happy New Year and Hag Hanukkah Sameah

May the next 2009 year be happier, more profitable and more adventurous for you!

I’m doing my “holiday shopping” and looking to purchase a few good generic domains by the end of the year. If you got some for sale that fit the criterion, let me know!

Lately posts on the blog have been rare and erratic, but I’m hoping to post more and better in the coming months. I’m also doing interviews with domainers of any caliber. Either if you consider yourself a professional, full time domainer, or
if you just started with domaining recently - other domainers would be very interested to hear your thoughts and experiences. To get your story told on this blog just email me to ‘contact at this domain’ expressing your desire to get interviewed and short details about yourself and I’ll reply back with a list of questions.

Follow DomainMagnate on Twitter to get constant updates.

Forbes has an interesting story about us!

One of the people mentioned is Steve McDonald, or karter9977 from dnforum. According to the story he managed to acquire qsd.com for $620! It was later for sale here

The article is discussed in dnf as well, domainer read more »

I had an interesting buying experience recently. I wanted to purchase a certain domain and inquired about it, the owner responded quickly saying that he “gets offers for it frequently and also has plans to develop it, however $10k would convince him to sell.” - a good reply you’d expect from a domainer.

That was quite above what I was going to offer, however I decided to try my luck and replied that my max offer is $1500 - which is a good market price for the domain. Of course I had little expectation from this since he made it pretty clear before that only $10k would make him part with the name. However surprisingly just a few hours later I received a reply saying that he’s ready to sell it for $2150.. read more »

First time I’m seeing 3character.com guide lowering prices and not just lowering, but by over 20% in a month!

3-Letter .com - $6000 (- $1650 since July 1, 2008 report)

3 letter .net lost 3.6% according to the guide.

What’s gonna happen next with the LLL.com? Well no one knows for sure. From a discussion in DomainState:

• snoopy: Agree, personally I think we will see prices come back into the $3000-$4000 range on the low end.
• DomainDiscount: Recently sold a 3 letter .com in the mid Euro xx,xxx range. Was an enduser sale though.
• Globalise: Sold a pair of LLL.coms last week for $130k.
  Two weeks ago I bought an LLL.com with mediocre letters for $15k and sold it, two days later, to another domainer for $40k.
• doughmein: I think it signifies a market correction because these qualify as “token” domains that are being tossed around, and there’s no indication that the lesser quality ones will be in demand by end-users.

read more »

How do I make money domaining?

Well by most part it comes to:

1. know the market well
2. buy low
3. sell high

Domaining is a strange market. There are the end user prices and the market/reseller prices for any domain - both can vary a lot and there is a lot of money to be made on these differences.

However the risks are high, so you have to know the market very well. Being able to appraise a domain as close as possible for any specific marketplace is among the most valuable skills for a domainer. read more »

I’m reducing my .ca portfolio and selling some 3 letter and 3 number names at very attractive prices.

Having some of these in your portfolio is a must for any Canadian domainer. The LLL.ca were all registered last year and since then the prices have been growing steadily. Canadian domains can only be registered by Canadian residents.

gmx.ca was sold for 20,000 euros last week!

First person to post sold gets the name/s, payment expected within 24 hours.

019.ca
027.ca
028.ca read more »

After I’ve added many of my top LLLL.com domains to sedo I keep getting large number of annoying lowball offers.

Seriously people, if you’re going to lowball at least don’t send funny offers of 75 and 175 euro for domains that are worth at least low-mid 4 figures. Offer $500 or something, you might even find someone who doesn’t know the real value and buy.

But with low offers like that no one would even reply because you’re clearly not serious. By being too gready you just lose many potential deals.

Don’t get me wrong, I’m a domainer, I lowball all the time time too, but not like that. This is just ridiculous and here is why. There may be one person in 10000 inquires who’d sell his $2K worth domain for $100, but then there are hundreds who would take $500 for it. In both cases your profit is similar: $1900 and and $1500. But instead of wasting time searching for that one “sucker”, why not get many other good deals instead and potentially much bigger profit by spending less time..

Instead of making my own April prank I decided to list a few others tried.

Here is todays collection:

All currently running GreatDomains auctions have been cancelled. Including pizza.com!

ICANNT announces immediate release of all single letter .com/.net/.org domains

Rick Latona is selling Vino.com for $5k

Google launches new tool: Introducing Gmail Custom TimeTM

TakeMeTo.asia Domain sells for Six Figures breaking record for a new TLD

Happy Fools Day everyone!

Change Your Domain Details Right After Buying

We all buy and sell domains on a daily basis and frequently the domains are not updated after the purchase. Buyer forgets or puts off changing the new owner information, or dns, thus still allowing the previous owner to earn the parking revenue. As strange as it may sound, but this situation is very common and frequently even leads to conflicts and losses, for example then a domainer realizes he doesn’t control the domain he purchased because he didn’t change the whois and the domain expired.

Always take this as a rule: right after you buy a domain first thing you do is change contact details (some registrars don’t do that for you automatically after the push, like Dotster, for example), change dns and add the domain to your parking accounts and to your domains list. Keep tracks of all your purchases and sales.

Do it now, thank me later