Category Archives: Uncategorized

Ohz.com — Sedo Auction; Chinese Domain Sales

Anyone wishing to get this super-short domain, OHZ.com, should go bid right now: Sedo.com

There are only 1.5 days left in the Auction!

Due to the ocean swell of Chinese buying of domain names, I think we start regarding these Eastern domainers as superhuman and able to get profits easily. Probably this is myth, if not downright stereotype. Sometimes I am seeing missed opportunities. For instance, this domain name — DNQQ.com — which contains both the DN like in DN.com, the Chinese domain marketplace, and then it ends in QQ, like the IM service I think of as the Chinese Yahoo —

— is for sale at roughly $1,560 USD. https://www.4.cn/search/detail/pid/5989883/ref/10017

That seems like an excellent buy to me; in fact, cheap. However, I’m wondering if it’s as attractive to a buyer in China.

Another observation: If you’re selling a numeric like 115888.com, is it de rigueur to make the price end in “888” also? I see many examples of it. Maybe Rick Schwartz could comment on this. Maybe it’s just good luck to make everything 888 when you can; so why not?

 

Selling CHIPs — The Chinese Market

If you’re selling Chinese premium domains (and who isn’t?), you have likely had this happen: You got multiple offers from clamoring buyers who agreed to a price but then suddenly went silent. You couldn’t reach them anymore, and if you did, they changed their minds — or wanted to pay less.

In the western hemisphere the issues can be a little opaque. But Chinese domainers are probably having a difficult time of it.

It seems they’re dealing not only with a volatile demand for these domains in their own country, but the Chinese stock markets, whose ups and downs strongly affect all other economic endeavors. Some buyers speak of a “crash,” and it’s unclear sometimes whether they’re talking directly about the market for these domains and the demand for them, or the general stock exchanges. In fact, when investors treat domains like stocks, the differences become blurred.

The Shanghai Stock Exchange (SSE) for instance had been climbing all year, then in late summer experienced a series of huge drops/crashes. A recent big drop occurred in early November. A lot of recovery has occurred today and yesterday.

And on 4.cn, bidding on some LLLL.com domains is again reaching the equivalent of $1,000 USD and more. Business appears to be going back to how it was…

Domainer’s Choice Awards!

This year’s Domainer’s Choice Awards nominees have been selected, although the voting will not happen until May. You can check out the nominees for the different categories at http://domainerschoiceawards.com/2014-nominees/ so don’t forget to check them out and start picking your favorites!

You do need to sign up, with a valid email, since the voting system will be done by a 3rd party system this year and they will be sending you the email with instructions and where you can vote (it will be sent in May).  After the voting, the awards will be given out on June 28th at Dana Point, California.

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Types of Domain Inquiries You May Encounter

With the multitude of different domain brokers, sellers, and auctions, there will always be a market where the customer comes to you looking for a domain. It is when, we receive anywhere from one to countless domain inquiries straight to our inbox. These are the good types of inquiries, the ones you did not have to actively seek out, but rather fell on your lap. However, there are always different types of domain inquiries, and from my experience, it is good to know about them before proceeding with negotiation.

1st Type: End-User with Low Budget

This is when a person, or group of people, are trying to make a small start-up happen, or the ones that simply want to get a website going to sell their merchandise. They will pick good names, but they won’t offer much for it, or be able to, as they are not crowd funded or have much capital to begin with. Before replying, look through your domains and check what other, less expensive domains you have that could fit in with their business plan. If they don’t mention anything about their business, ask them first. These can either end quickly, or lead to a good, yet small sale.

2nd Type: Big Time End-User

These are the ones you want to get if you are selling really good premium domains. They tend to have more capital in their pocket to work with, making it easier to negotiate a good price for the more expensive domains. However, I warn you, not all of the inquiries that seem promising will go well. There have been a few inquiries where I know who they are, yet they will still try and low-ball or argue that the domain isn’t worth as much. This is when you need all of your negotiation tactics at hand, and keep a cool head. You could walk away with a big sale.

3rd Type: Resellers and Domainers

These inquiries are when other domainers/resellers want to buy a good name, at a very discounted price. This is obviously with the end goal of either parking it for a bit then reselling, or simply flipping the domain right away. Whenever I spot one of these types of inquiries, I ask what their purpose for the domain is. Many times you know who they are from their answers. An example of this would have to be when you try and sell a domain, but they want to “develop” it for something totally unrelated to the domain name; i.e. I want to create an online dog shop with GoodLayers.com.  I don’t stay too long negotiating.

4th Type: The No-Repliers, a.k.a. Spammers

These are the ones that you see quite often, as you get the same emails from the same person, inquiring about several different domains you own. However, when and IF you do respond, you never get an answer back. I’m a nice guy, so I like to be courteous and respond to most of the inquiries that are sent to me. After a while, you get to know who these spammers are, and simply Delete or Spam their messages.

5th Type: 3rd Parties, Brokers or Development Firms

It is nice to get emails from other brokers inquiring, on behalf of a client, about a certain domain you own. This way, you don’t have to deal directly with the client, and can still keep your negotiation skills sharp. They are much more polite, although you don’t really get to know the client/end-user, so you really don’t know who you are selling it to. Development firms, usually are the ones that never disclose any information about their clients, yet request enormous amounts of information about your domains. You can research these firms to check how legit they are, and mot of the time they are small firms that develop websites for clients (while also acquiring the domain the client wants to develop). These clients can be more serious about purchasing, just like the big end-users, so it is in your best interest to give them a good price.

These are the general 5 types of email inquiries that I deal with on a day to day basis, but there are always surprises.

Will the new gTLD’s affect the .COM?

With the new gTLD’s making their debut, there are many people divided when they think about what will happen to the .com’s that have always been around. There are basically two general points of view, while there are specific differences of thought, these are what I have come to perceive from the domaining community.

View 1: New gTLD’s will take over. It is simple, with the many different uses and applications the new extensions will have, they will make the value of regular .com’s plummet to the same level of the gTLD’s (obviously after the prices drop to normal).

View 2: .Com’s will continue to be strong. There are some that believe that the .com will drop in price, but will go back up after the initial hype of the new gTLD’s dies down. The .com’s have always been viewed as a better extension, than say .net or .info, but that is only due to people’s perception. By adding more extensions, this could cause the .com to become more rare, making it more valuable based on people’s perceptions, although it can also be a double-edged sword.

As for me, the new gTLD’s simply bring about a change that could offer much more to end-users, as well as to domainers. Allowing them to be more specific in the domain search. There is a certain disadvantage at the start though, as the price for these domains is so high at the start, that only the big companies and wealthy will be able to get the best picks. Either way, we will have to wait until the new gTLD hype is over to start truly seeing how the .com is affected.

 

eNom Adds New gTLD Calendar

Apparently, the giant in domains eNom has given its users, and anyone else interested in the new gTLD’s a calendar with the release dates and times for the different extensions. This is a great tool for us domain resellers, as it allows us to stay up to date with when the new extensions will be released.

You can check out the calendar through the eNom website: http://www.enom.com/news/674/new-tld-launch-calendar-now-available.html. Or, you can simply copy+paste the following URL into your browser (if you are using a PC):

https://www.google.com/calendar/embed?src=jrcl5bfa9bdoi0rbqkv8ttq1q8%40group.calendar.google.com&ctz=America/Los_Angeles

There have already been a few domain extensions released like, .DANCE, .CONSTRUCTION, .DIAMONS, .CEO, and .AGENCY. Stay up to date with the eNom calendar, but remember that these gTLD releases are the ones that eNom supports, so you may not see all of the new gTLD’d available. Be sure to check out other sites like ICANN or other domain sites.

A little bit about the New gTLD’s

Some time back, the announcement that new gTLD’s would be coming out hit hard, especially among domain brokers. This was an opportunity to expand the internet as we know it, by allowing websites and domains to be more specific. For instance, we can have the name of a music group followed by the .MUSIC, or have the name of shopping store followed by the .STORE. This has enabled such an extensive network of new gTLD’s that will make it much easier for companies and people to find a niche and use the extension that applies to it.

This is good news as a domain developer; however, as a domain broker this could make business harder. With the previous gTLD’s like .com, .net, .org, etc. we saw that it was tough to gauge out what the end-users wanted. With the amount of gTLD’s exploding, where there are already over 1,300 different ones, and more are being added as we speak. As domain brokers, it is risky to try and predict the future with these new gTLD’s, as there isn’t an assurance that they will get to be as strong or popular as the .com or .net, and flop like the .mobi did.

To get a preview of some of the new gTLD’s extensions that are currently available you can take a look at them here: http://www.instra.com/en/new-gtlds/categories.

The future is uncertain with these new extensions; however, it could open up a much larger market for everyone, not just the domain brokers. The price for early access to some of these new domain extensions are incredibly high, reaching averages of $10,000 – $13,000 for each. While after about a week, the price of registering under these new extensions will lower to the regular price. So, if you are thinking of trying to register the amazing, once-in-a-lifetime domain names, you may need to either pony up the cash for early access, or hope that no one else registers the name before you get a chance to.

Welcome to GigaDomains!

GigaDomains.com has been working in the domains business for over 16 years. The group of people involved have all gained enormous amount of experience when it comes to branding and developing their own domains, with the occasional sale of certain domains (as there are thousands to choose from). Whether it is domaining, domain brokering, or anything SEO related, we are confident we have more than enough expertise to help anyone.

Come in and take a look around, and you may find something amazing you will like.