On Sunday I got home from celebrating Mother’s Day with my family. As you can imagine the place we went to was packed and full of people celebrating as well. While at the restaurant, I started thinking about just how much these restaurants make on Mother’s day and I was thinking it had to be a significant amount compared to what they would make on a regular Sunday.
Namepros is a great forum that is filled with advice from thousands of members but more importantly I feel that most of the people there are overall good people.
They go above and beyond to answer questions and help you out as best as they can.
That’s why when I joined up several years ago, I knew it would be a place that I could come back to for continuous learning.
The reason for this post is just to inform you that if you are a member of the forum, you may be missing out on a simple feature that could potential help you with sales and acquisitions.
This post is going to be quick.
This has been something I’ve wanted to do for a while now.
Have you ever seen those motivational videos on Youtube? I love to watch them, they pump me up when I need a little pick me up.
But I noticed there wasn’t any specific ones for the domain name industry.
Well that has now changed.
We’ve spoken a lot about outbound marketing in the past as well as tactics to find the right contact to reach out to in order to get better results. But we never fully dove into how outbound marketing works on other alternative extensions besides .com.
I know everyone will have different opinions on this topic but we will be basing our take on it from our past experiences doing outbound and the type of results we can share.
Alright let’s get right to it.
The art of negotiation can be pretty tough when it comes to selling your domain names. Many of us always wonder what is the right price of a name and how do we even determine how much to sell the name for. At first, it may seem to be difficult but once you get more experience it becomes a bit simpler.
I have talked about pricing your domains in the past but this post will focus on how to deal with an inbound offer on your domain and if you should agree right away to the first offer. The most common approach is to either take the first offer in order to simply sell the name or counter with a larger number.
Of course I’ve done both of these but it’s always good to have a strategic approach for better results.
You must first ask yourself:
This is going to be a short and rather random post but for some reason, I’ve always liked Geo domain names.
I don’t know why but I always feel like a business could use a domain name that’s specifically targeted towards their location. All you have to do is walk around your town or any busy area and you will run across a business using a geo type domain name.
It could be the entire city in the domain or an acronym of the city.
One of the toughest aspects of buying and selling domains comes down to finding the right person to reach out to.
This has always been a struggle for me since it can be discouraging sending out emails only to get no responses and making calls only to get no call backs.
There are many people who will tell you outbound is a numbers game and so a ton of volume is required in order to see results. Knowing how to find end users is important as you can see in a previous post but also understanding what are the most effective methods to use is critical.
I always ask myself a question when I sit and scan for domain names. What are the most important “metrics” I should look for when I decide to purchase a domain name.
If you have ever sat and filtered for domain names, then you know how HUGE the expired domain name lists could be.
And if you aren’t using filters to clean up your lists I have NO idea how you do it.
Seriously, is that even possible?