BoundlessNames
Established Member
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If you were to start up a new domain brokerage, what are some things you'd need to do to get to $500k in sales in a year? What would your planning look like?
Yes, absolutely. There are a lot of sub skills that fall under each if those as well. Without the proper skills, it will be difficult to be a successful broker.First and probably foremost, you should have good sales experience and strong negotiation skills. Because without either, no matter what you plan, you'll get burnt out pretty quick. jmo.
More experienced brokers could have more stringent qualifications for the types of names they'll rep. They also may have higher commission rates.Experience and contacts. If someone has really good names, why should they let you rep them, as opposed to more experienced and established brokers?
What would it be regarding?Kindly drop me a DM, Thanks.
For the elevator pitches, do you use those in press releases? What kind of media to you use them in?The usual common sense stuff:
Identify the target markets, companies and decision makers.
Develop multiple use case pitches for each asset.
Condense the main talking points into media 'elevator pitches'.
-- broker eats the cost and incentivizes including the creative in a deal.
Begin the hunt.
Personally, I don't set a fixed monetary goal or deadline.
Higenuinely interested in the topic
I agree with your points here. Being and investor doesn't qualify someone to be a broker. And there are many investors who don't have a desire to become a broker. There are other skills needed to become a good broker. I'm sure there are investors who would like to take the plunge, but want to do it right, so they aren't just another "borker" offering limited value.Hi
if so,
you should know/learn how to buy the right domains and how to value them
be skilled in the fundamentals of being a domainer.
you need a track record of sales and have a positive reputation among your peers.
establishing a "name" for yourself in the game, is key to gaining trust and confidence.
there are plenty of wanna bee borkers who lurk around, trying to make a few $ off your names, but they don't have contacts and most likely, can't read, write or interpret contracts.
just saying....
imo....
HiI agree with your points here. Being and investor doesn't qualify someone to be a broker. And there are many investors who don't have a desire to become a broker. There are other skills needed to become a good broker. I'm sure there are investors who would like to take the plunge, but want to do it right, so they aren't just another "borker" offering limited value.