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James Iles

Inside Interview: Why This Business Owner Paid $650,000 for Furniture.co.uk

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By James Iles, Oct 24, 2016
  1. The Inside Interview series has focused on talking to end users who have acquired high value names. Up until now, we have interviewed 26 people or companies to find out why they acquired a specific domain.

    Today, we bring you an Inside Interview that is slightly different. Graham Haynes (@betthelot) is a British businessman who is also a domain name investor, and an active member at NamePros. In July 2016, TheDomains.com reported that Graham had acquired furniture.co.uk and purple.co.uk for $650,000 and £108,000 respectively.

    In this interview, Graham tells us about his existing business called BedroomFurniture.co.uk, why he bought furniture.co.uk, and he also reveals another domain name that he acquired for $100,000.

    Screen Shot 2016-10-24 at 18.01.24.png
    Graham's existing business, BedroomFurniture.co.uk
    Can you tell us about yourself and the company behind furniture.co.uk?

    Why did you decide to buy the domain furniture.co.uk?

    How did you find out that Furniture.co.uk was available to buy? Was it offered to you, or did you seek it out?

    How did you determine that the domain was worth $650,000 to you?

    Would you have considered paying more for the domain than you did?

    Do you have specific plans for furniture.co.uk, or will it continue to forward to BedroomFurniture.co.uk?

    You also acquired the domain purple.co.uk for £108,000. Why did you acquire this name? Was it an investment, or part of a business venture?

    Why did you opt to acquire a .CO.UK domains over a .COM domain?

    Have you bought any other domains? If so, can you reveal the names and the prices you paid?

    What would your advice be to other startups or companies looking at buying a premium domain name?

    Thanks to Graham for taking the time to speak with us. It’s interesting to get a different perspective on an end-user sale, since this specific end-user is also a domain name investor.

    This interview has been edited for clarity.

    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.
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  4. James Iles

    About The Author — James Iles

    James is a domain name industry writer. Contact james (at) jamesiles.co.uk For all inquiries relating to NamePros stories and interviews, please email: [email protected] For James' own blog, visit JamesNames.com

    This is James Iles's 272nd blog post on NamePros. View all blog posts

    Home Page:
    https://jamesnames.com
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  5. Comments (20)

  6. Rory Ivey

    Rory Ivey Top Contributor VIP

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    Great Interview! Learned alot from it.
    I wish more businesses understood the value of domains.

    Thanks @betthelot
     
  7. Pierre Barnard

    Pierre Barnard Top Contributor VIP

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  8. Splashweb

    Splashweb New Member

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    Some great insights into the mind of someone who has the vision; if only there were more like him!
     
  9. Bros

    Bros Top Contributor VIP

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    Awesome interview. Thank you for you both.
     
  10. TopShelf Domains

    TopShelf Domains Established Member

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    Wasn't this posted before? Maybe on thedomains, old news. Ooo well ;)
     
  11. Omar Negron

    Omar Negron Top Contributor VIP

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    Thanks for the interview!
     
  12. Adam27

    Adam27 Blockchain.link VIP ICA Member

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    Where did you hear this @betthelot? What are your thoughts on .UK and .CO.UK?

    Yup. Many IT Admins are blocking ALL new domains. Too much spam.

     
  13. cdboard

    cdboard Top Contributor VIP ★★★★★★★★★★

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  14. domainer111

    domainer111 Top Contributor VIP ★★★★★★★★★★

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    Awesome. No messing around.
     
  15. magnizmo

    magnizmo Established Member ★★★★★★★★★★

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    This is actually a really good interview. Good read!
     
  16. John0

    John0 Established Member

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    Bloody hell, he's a domineer lol. I was sure he was just involved in the furniture business.
     
  17. John0

    John0 Established Member

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    ^^^^^^cant edit above opps. Meant to add :laugh: at end. and also send congrats to @betthelot with the name purchase.
     
  18. Graham did write a couple of comments in the TheDomains comment section, but no - this hasn't been posted before :)
     
  19. No need to sound so surprised! ;)
     
  20. toka

    toka New Member

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  21. London555

    London555 Top Contributor VIP

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    Great interview-great insight. Here's a guy with ZERO offers on 200 domains in 10 yrs and he's still a great success. Thanks for this post.
     
  22. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    interesting.
     
  23. DnEbook

    DnEbook DataGlasses.Com VIP ★★★★★★★★★★

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    Emd in the correct country code, no surprises really, Just a process of the best buyer finding them.
    ~
    Huh? ........... Brought many, heavily in LLL.coms NNNN.coms ...... NO OFFERS ......Huh ??
     
  24. elevator

    elevator DnCombo.com VIP

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    Graham Haynes is full of experienced and very focus businessman. Congrats on all your aquisitions.
    Thanks for the interview @James Iles .
    Cheers.
     
  25. WatchDogue

    WatchDogue Top Contributor VIP

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    Excellent questions James, questions that produced superb responses from Graham!

    Much of what I always believed about domain name usage was validated many times over by Graham's marketing plans and success!

    Thanks to both you and Graham for the terrific interview!
     
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