As I wrote yesterday, May was one of my best ever month’s for domain sales.
There are definitely more and more small and medium business enterprises looking to invest in the future of their businesses. One of the best ways they can do this is to invest in a premium domain name. And I do mean invest – purchasing a domain name is an investment rather than a cost.
Just like real estate, cyber property (domain names) can be sold time and time again. If value has been added to the cyber property; and/or if demand is outstripping supply, then that domain name can become quite valuable. I’ve seen it happen so frequently.
Spotlight
One of the joys of being a domain investor is that I get to interact with some really nice people along the way. What can start off as a tentative enquiry can end up being a totally win / win transaction.
So I’m happy to highlight a few of these transactions from the past month. These buyers have already got websites up and running (though some are still a work in progress). I wish them all great online success.
In no particular order:
WeddingPlannersPerth.com.au – Jane purchased an events and wedding business in Perth recently, so this domain name will be a perfect addition.
VIPCars.com.au – Steve is a sole trader who runs an Executive Driver & VIP car business in Canberra. One of the nicest guys you can chat to! What a terrific domain name for him.
UMF.com.au – Joe runs a very successful motorcycle business with dealers all over Australia. This domain name is specifically for his finance business.
NVC.com.au – Bill is from Tasmania, and he wanted a domain that was going to be relevant to his business. Can’t ask for better than this!
PortArlingtonAccommodation.com.au – this was purchased on behalf of a local estate agent who had the hyphenated version of the domain name. They’ve now got the best domain. 🙂
Conclusion
If there is a domain name that suits your business, then do what ever you have to do to buy it now.
Two simple reasons:
- With domain prices rising as the supply of premium domains diminish; it’s never going to be cheaper than today!
- Ask yourself this – how disappointed would you be if you procrastinated, and your competitor / someone else bought it?
Ned O’Meara – 1st June 2016
Some nice sales there Ned. These insights are quite helpful 🙂
Hey mate, well done always great to sell a domain or two but even better when you see someone else take what you had a vision for in the first place and then develope it into a site with there own vision and then watch it grow and then look back and think that you had a hand in that at one stage very neat
@Shane – exactly right about looking back with pride.
Though sometimes when I see what they’ve done with the domain, I think I sold it too cheaply! LOL! Fortunately I have never been greedy. 🙂
Love your sales attitude Ned – it is becoming clearer to business owners that they can use the ‘whois’ tool to start negotiations by emailing a domain holder [registrant] and that the value of a domain name can be agreed upon within a reasonable budget.
Thanks Scott. 🙂
The key to me is never to be greedy or unrealistic in my price expectations.
I’m sure I’ve left money on the table, however I’m equally sure that I have got sales that wouldn’t have even seen the light of day had my prices been rampant.
It’s all about win / win.