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information Top Topics: Vultures took my biz idea; sold at $113k; IRS & PayPal/Venmo/CashApp earnings; Outbound sales approach; .SBS & .CFD TLD charges

Is the World Cup 2022 over yet? Get ready for this week's Top Topics column here at NamePros:

A business idea that involved the registration of a domain vaporized after the domain was taken soon after; The domain was auctioned off for a whopping $113,000 dollars at GoDaddy; The IRS will receive your earnings numbers directly from PayPal, Venmo, CashApp and other payment systems; How to structure an outbound domain sales message; Domain registrants in the .SBS and .CFD gTLDs take notice about automatic renewal charges.

Did the vultures come in and take my meal without me looking?
A business idea that involved the registration of a .com domain was terminated after that domain "disappeared" from availability. The would-be registrant speculates that someone, somehow, potentially scooped up his WHOIS searches within 24 hours and "stole" his idea. Did it really happen?

Topic by @thevoyager

The domain sold for $113,000 dollars
As an expired domain, was auctioned off at GoDaddy, selling for a whopping $113k. The previous owner did not renew it; the numbers 3 and 7 are considered lucky in the Chinese numerology. The auction results now rank the sale at position #9 among other NNNN .com auctions, according to NameBio.

Topic by @FAC

If You Make Over $600 on PayPal, Venmo or Cash App in 2022, the IRS Will Know
Earnings from popular apps to send and receive money are now reported directly to the IRS. PayPal, Cash App, Venmo, Zelle, and others send all earnings above the $600 threshold directly to the US federal tax authority via the 1099-K form. Wait for it to arrive by the end of January or February prior to filing taxes.

Topic by @lennco

Outbound domain sales approach
Reaching out to potential buyers for your domains is an assertive way to increase sales. Outbound sales inquiries deliver a message that presents the domain's availability. Should you send the buyer to the specific platform that it's listed for sale on? One very interesting question, so join in the discussion and share your thoughts.

Topic by @BetoWH7

Turn Off Auto-Renew on .SBS and .CFD To Avoid Unexpected Bill
If you have invested in either .sbs ("Side By Side") or .cfd ("Clothing-Fashion-Design) extension domain names it is absolutely critical that you immediately make sure that you do not have auto-renew set for any of these domain names - the Registry has increased the renewal prices for many of its domains dramatically higher.

Topic by @Bob Hawkes

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. See you next week!
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