That’s Not A Sale … THAT’s A Sale!

I always have a chuckle when I remember that scene in Crocodile Dundee where Mick gets held up by a mugger with a flick knife, and instead of flinching, he instead pulls out his big Bowie knife and says:

That’s not a knife … THAT’s a knife!

So what does that have to do domain name sales? Well, I get pretty excited about some of the sales that happen in our local .au market (and I’ve been an interested party in more than a few). But nothing compares to the sales in the dot com extension.

One domain investor in particular is an absolute legend when it comes to selling domain names for top prices. His name is Garry Chernoff, and he was again featured in Ron Jackson’s DN Journal’s Top 20 Chart this week. The domain in question was Drink.com – and it was sold for a cool $US500,000 (about $AUD700,000).

From my observations, Garry is simply one of those “strong sellers”. He doesn’t have to sell a domain unless he gets his price – and he’s prepared to wait until the right buyer comes along. And with all the interest in dot com domains being shown from China, prices have been on the rise this year. So he is definitely getting a few sales away!

What Lessons Are There For Us Aussies?

If you’ve got a good com.au domain name – particularly a one word generic or brandable (and it’s in the dictionary), become a strong seller.

Because once you let it go, it’s gone – and you can’t replace it.

Best wishes for your online success! 🙂

10 thoughts on “That’s Not A Sale … THAT’s A Sale!

  • December 4, 2015 at 10:36 am
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    C’mon now Neddy, don’t be so modest. Your name is mentioned in the article too:
     

    We also saw documentation of another six-figure sale this week involving a 3-letter .com that went for $150,000 in a deal handled by Domainer.com.au’s Ned O’Meara.

    • Ned O'Meara
      December 4, 2015 at 4:25 pm
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      I’m a modest fellow Richard. 😉

      Unfortunately I can’t really talk about the whole process yet, but I will be able to soon. It was an exciting time sensitive assignment.

  • December 4, 2015 at 11:56 am
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    Neddy kicking goals! Nice work Ned.

    Definitely noticing prices going through the roof of premium domains in both Australian and US markets.

    • Ned O'Meara
      December 4, 2015 at 4:29 pm
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      Thanks Robert. 🙂

      Some of the dot com sales that I read about privately make my eyes water.

      Can’t believe that some people want to introduce direct registrations here and further dilute our market. Dot com continues to grow – 122 million registrations plus – compared to our miserly 3 million.

  • December 4, 2015 at 1:25 pm
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    Impressive results

  • December 4, 2015 at 4:19 pm
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    Bloody hell – $500k for drink.com

    Thanks for your blog Ned. Always good content. Keep the bastards honest.

    • December 5, 2015 at 12:12 pm
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      Except in Australia

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