NameSilo
James Iles

Inside Interview: Why Adam Perzow Spent 7 Figures on Coins.com

Views:
3,815
Comments:
13
By James Iles, Jul 16, 2018
  1. James Iles

    James Iles NamePros Writer PRO Gold Account VIP Trusted Blogger

    Posts:
    1,515
    Likes Received:
    12,477
    The influx of interest and funding into the cryptocurrency industry has lead to some of the largest domain sales over the past few years. One of the most recent cryptocurrency related sales was that of Coins.com by Adam Perzow in a seven-figure transaction. Adam, an entrepreneur from Canada, has previously been involved with names such as Invest.com and Investing.com and has now chosen to acquire one of the best cryptocurrency related domains.

    In this fascinating in-depth interview, Adam explains exactly why he paid a seven-figure fee for Coins.com and what his thoughts are about premium domains in general.


    adam.jpg
    Coins.com Buyer, Adam Perzow
    Can you tell us a little about yourself and your business background?


    You recently decided to acquire the Coins.com domain name. Why did you opt to do this?


    Did you intend for Coins.com to be an investment or a development project?


    How did you first go about finding out that Coins.com was available to buy? Was it a case of contacting the owner, or was the domain offered to you?


    Are you able to reveal the purchase price of Coins.com (or a ballpark figure if under NDA)?


    Did you use any tools (e.g., automated appraisals), services (e.g., manual appraisals, domain brokers), or data (e.g., sales data, search volumes, search results) to determine your best offer and/or the value of the domain?


    Do you think that premium domain names are vital for creating a successful brand in the cryptocurrency industry?


    You've previously been involved with domain names such as Investing.com and Invest.com. What, to you, is the main attraction of developing services on premium domain names?

    --


    This interview has been edited for clarity.


    Thanks to Adam for providing such a fascinating Inside Interview! We will be following the progress of Coins.com with great interest.


    Inside Interviews is a blog series profiling the buyers of high-value domain names. Find out their motives, negotiation tactics, and their opinions on popular domaining topics only on the NamePros Blog.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Next Article
    Top Topics: Have You Ever Met a Domainer?; The Story of My Latest Sale...
    Previous Article
    WW.com, XW.com and BZ.com All Change Hands Today
  3. Loading...
  4. James Iles

    About The Author — James Iles

    James is the lead writer for NamePros' Blog and founder of Iles Media, a domain name broker working on both acquisitions and outbound sales. For all inquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 555th blog post on NamePros. View all blog posts

    Home Page:
    https://about.me/iles
    Actions:
    Follow
  5. Comments (13)

  6. TERADOMAIN

    TERADOMAIN Top Member VIP

    Posts:
    4,070
    Likes Received:
    7,114
  7. DNabc

    DNabc Established Member ★★★★★★★★★★

    Posts:
    674
    Likes Received:
    136
    Thank you James and congratulations to Adam, it's a great name...
     
  8. saj110

    saj110 Established Member

    Posts:
    82
    Likes Received:
    144
    Thank you James, that is a very interesting and informative interview, (y)
     
  9. jonathan nolan

    jonathan nolan New Member

    Posts:
    5
    Likes Received:
    7
    Loved the interview. Thanks to all.
     
  10. NameSellingcom

    NameSellingcom Established Member

    Posts:
    26
    Likes Received:
    19
    Adam bought the right domain name in Coins.com. Simple, mass market and trustworthy.
    Canadian common sense right there. ;)
     
  11. jstenn13

    jstenn13 UltraDomains.com

    Posts:
    597
    Likes Received:
    465
    Fantastic interview, thanks!
     
  12. Kassey Lee

    Kassey Lee 域名世界 VIP

    Posts:
    1,606
    Likes Received:
    4,983
    Excellent information, Adam. Now I have learned that you can start with a made-up name but you have to invest time and money into building the trust and authority in the brand. An expensive domain gives you that trust and authority instantly.
     
  13. FolioTeam

    FolioTeam Established Member

    Posts:
    675
    Likes Received:
    1,782
    Nice interview. Thanks for sharing
     
  14. DomainFQ.com

    DomainFQ.com DomainMarket.ws

    Posts:
    718
    Likes Received:
    846
    Thanks for sharing congratulations to Adam
     
  15. Coinking

    Coinking Account Auto-Closed VIP

    Posts:
    2,603
    Likes Received:
    1,421
    Thanks for sharing
     
  16. Kingslayer

    Kingslayer Top Member VIP

    Posts:
    1,536
    Likes Received:
    3,747
    Nice interview, I own a premium single word domain very similar to ‘coins’ (plural) that is its own industry but can represent major industries like Automotive/Transport/Travel etc, similar to how ‘coins’ is being used to represent the Crypto market.

    So was very interested the ‘coins’ sale. Quote that stood out for me was:-

    ===

    “Furthermore, we also see the word crypto being synonymous with secrets and is also a highly technical term, that may or may not stand the test of time. The terminology in this new world of digital currency evolves so fast. On the other hand, Coins doesn't suffer from that same inherent risk in the long term.”

    ===


    I had a similar view to this when i first heard about the sale:-

    https://www.namepros.com/threads/coins-com-sold-for-7-figures.1090046/#post-6799182

    Sounds like Adam and his team knew exactly what he was doing and wanted, congrats to them, hope their investment pays off for them (y)
     
  17. rashedx

    rashedx Established Member

    Posts:
    256
    Likes Received:
    47
    oooh i like this article..

    I believe i should develop my best domain "Yileds.com" into ICO platform
     
  18. CodingTheDomain

    CodingTheDomain Established Member

    Posts:
    267
    Likes Received:
    30
    Interesting read, cheers
     
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...