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James Iles

Top Topics: Betting.com Sells; How Do You Respond to a 5 Figure Initial Offer?...

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By James Iles, Jul 5, 2020
  1. James Iles

    James Iles Writer at JamesNames.com and Consultant PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    In this week’s Top Topics, AbdulBasit Makrani shares the results of his June Afternic experiment that includes a $50,000 “buy now” sale. Elsewhere, investors discuss the recent SCOTUS Booking.com decision, and an entrepreneur asks domainers for opinions on the best alternative domain to register when the exact-match .COM is taken.


    My Afternic Experiment: June Results

    We have been following the journey of AbdulBasit Makrani as he has been experimenting with a change in platform, moving his vast portfolio from Uniregistry landing pages to Afternic. Each month, AbdulBasit has updated the community on his experience of moving landing page providers, offering his honest opinion his progress.

    This week, AbdulBasit published his June update, disclosing several sales including a $50,000 “buy now” sale for a two-word .COM.

    Topic by: @AbdulBasit.com



    SCOTUS on Domain Names: Booking.com Wins


    This week, the Supreme Court of the United States issued a landmark ruling in the case of the US Patent and Trademark Office versus Booking.com B.V. In an 8-1 decision, the Supreme Court decided that adding ".com" to a generic word can make the entire domain, in this case Booking.com, eligible for trademark protection.

    The ruling will no doubt have a tremendous effect on other generic .COM domains. In this discussion, for example, attorney John Berryhill has already revealed the ruling is already having an adverse impact on one of his clients.

    Topic by: @GeorgeK


    What's the Best Way to Respond to a 5 Figure Offer?

    After five years in the domain industry, this investor received their first five-figure initial offer and turned to the community to seek advice on whether to accept the offer or not, although the domain under offer isn't known.

    The discussion, one of the most popular of the week, details the saga that followed the offer, which includes a new offer of $4,000 from the same buyer. This also includes some useful advice from experienced investors about whether to ever accept the initial offer or not.

    Topic by: @alcy


    Betting.com Has Been Sold

    Betting is big business. In the United States, individual states can legalize sports betting after a May 2018 Supreme Court ruling. This ruling has opened the floodgates for investment in sports, and sports media in anticipation of a booming betting market in the US. According to MarketWatch, the sports betting industry in the US will be generating $8 billion of revenue by 2025.

    In terms of domain names, it's hard to beat the exact-match Betting.com. Incidentally, this domain was recently acquired by Sweden's Game Lounge, according to this report. The name was acquired to rebrand the company's Bettingmetrics division.

    Topic by: @Acroplex


    When a Domain Is Taken, Which is the Best Alternative?

    From an end-user's point of view, which type of domain name is the "next best thing" after the exact-match .COM? In this discussion, an entrepreneur has asked the community for advice after founding a private school. Unfortunately, the exact-match .COM has already been taken.

    Assuming the entrepreneur cannot acquire the exact-match .COM domain, which alternative would be best for an educational venture? The discussion includes eight initial ideas from the entrepreneur, as well as numerous opinions from domainers.

    Topic by: @theantking311


    Top Topics of the Week is a blog series featuring the most popular discussions and content within the domain community. Tune in weekly to see what’s trending
     
    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 and professional currently working on numerous domain industry research, acquisition and sales projects. 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 721st blog post on NamePros. View all blog posts

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  5. Comments (6)

  6. Daniel Owens

    Daniel Owens Top Contributor VIP Gold Account

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    The best way to respond to a 5 figure offer is to counter with a $1,000,000 or more offer then see if they don't like and counter try to get around $600,000+
     
  7. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Thanks for another great selection of threads.

    The SCOTUS decision will be talked about for some time, and the thread started by @GeorgeK has diverse views from many experts including @jberryhill and @Zak Muscovitch.

    Hope @alcy sale, at least the modified one, closes - some well expressed opinions in that thread you highlighted.

    Thanks again.

    Bob
     
    Last edited: Jul 5, 2020
  8. Mytz.com

    Mytz.com Top Contributor VIP Gold Account

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    Bargaining is a happy and painful process.
    Want a high price but afraid to quote a high price to scare off buyers
     
  9. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Thanks for once again highlighting the Afternic experience series :xf.love:
     
  10. Castello Brothers

    Castello Brothers VIP Member VIP

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    "After five years in the domain industry, this investor received their first five-figure initial offer and turned to the community to seek advice on whether to accept the offer or not, although the domain under offer isn't known."

    Well, it would certainly help to know what the domain is. One would counter differently when receiving a low five-figure offer for a high five-figure name as opposed to receiving the same offer for a six-figure or seven-figure name. And not all buyers will bother to counter-back if the seller's first counter is ridiculous.
     
  11. QuestFuture

    QuestFuture Established Member

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