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domains Trust Your Instincts, Part Two

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You may have read an article I wrote a couple of months ago about two NamePros members - @Omar Negron and @Willox Perez. The article, which was given the unofficial moniker of “Trust Your Instincts” showed why you should sometimes trust your instincts when it comes to a good domain name.

In the initial article, I told you how Omar and Will placed a $130 bid for OrderSushi.com on NameJet - a domain that they both liked, but were reluctant to place a higher bid. The name sold for $140 and was quickly resold on Flippa for $1,805.

Recently, the pair posted a new video: Trust Your Instincts - Part Two in which they describe how they found themselves in a very similar situation: finding a domain name they both liked, and after looking at the name's metrics, they felt that it was a good name to buy. However, unlike their first experience, they took action and won the domain at NameJet.

Within five days of securing the domain name, they received an offer on the domain. After some negotiation, they were able to sell the domain name for ten times (10X) their acquisition cost.

It wasn’t all plain sailing, as they weren’t aware of the dreaded auction lock, an eNom “feature” which means that any eNom pre-release domain name you win at NameJet will be locked into your account for 42 days. Fortunately, their buyer was happy to delay closing the deal for 42 days.

Nevertheless, it’s a great story to hear from two very likable people; they learned from their own mistakes and were ultimately rewarded for trusting their instincts and buying a domain name they both liked. It’s also worth pointing out that they did research on the domain name, which ensured that they reduced their risk.

Here is their new video: Trust Your Instincts, Part Two.


 
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The views expressed on this page by users and staff are their own, not those of NamePros.
nice. wish i have a partner will can share knowledge/ resources together to purchase great names
 
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Very good example for Trusting our instincts.
 
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nice. wish i have a partner will can share knowledge/ resources together to purchase great names

Yes, it does help when you have a partner who has a similair vision as you when it comes to a business. Not only with domains but with nearly everything.

-Omar
 
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Lol.. What's with shooting videos in the car?
 
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Lol.. What's with shooting videos in the car?

Lol whats wrong with that? It's my car/youtube movie studio.
 
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Nothing wrong with talking to a windscreen. Unique..

Quite cool, would love to see the reactions of people passing by, lol.

.
 
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Congrats, guys! It's great to watch your journey as you learn and adapt to become professional domainers.

Are you two related or just life-long friends? It's cool to see a partnership like the one you two have.

nice. wish i have a partner will can share knowledge/resources together to purchase great names

I bet there are lots of people on NamePros who would like to have a partner.

You just have to network to find them. :)
 
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Nice music. What name did you sell, PinkTutu.com? :) LOL Just joking, Congrats. Give us an update on the name and price once the deal is done.
 
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Congratulations on the sale! Ya'll need to start your own reality tv show! :D
 
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Nothing wrong with talking to a windscreen. Unique..

Quite cool, would love to see the reactions of people passing by, lol.

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haha yeah sometimes we get funny looks from people. But I just look at them funny back. No big deal, just 2 guys making videos about domain names in a car....lol.

Congrats, guys! It's great to watch your journey as you learn and adapt to become professional domainers.

Are you two related or just life-long friends? It's cool to see a partnership like the one you two have.

Thanks for the encouragement! Yeah, actually that was the point of the videos and our blog. We're ready to document the journey not only when it comes to the domain business but life in general. It's going to keep us on our toes and make sure we are getting sh*t done.

Also, we've been friends since freshman year of high school. So for almost 14 years now. It's cool to find someone who wants to grind in a business and go through setbacks and triumphs with you.

Nice music. What name did you sell, PinkTutu.com? :) LOL Just joking, Congrats. Give us an update on the name and price once the deal is done.

Thank you!

I'm not at liberty of revealing the name. I also never wanted to reveal purchase or sale prices but I guess that's what everyone wants to ultimately hear.

What I will say it was a .COM. Bought it on Namejet for min bid of $69. Agreed on the sale price of well over $700 in 5 days (he contacted me through a parked page for sale banner on top). Not a HUGE WIN but when you look in terms of return, that's over 10X our money which is the goal we like to try to hit when it comes to selling. I guess just keep scaling from here.

I talk to some friends about domains and the ROI on sales and they still don't believe it's possible..lol.

Congratulations on the sale! Ya'll need to start your own reality tv show! :D

Thank you! What could we call it? The Omar And Will Show? haha
 
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Cool! you really need to start your own show ;)
 
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Cool! you really need to start your own show ;)

Thanks!

hmmm a show about domaining? haha interesting. I wonder who would watch it! lol.

-Omar
 
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Thanks!

hmmm a show about domaining? haha interesting. I wonder who would watch it! lol.

-Omar
I wouldn't want the extra competition the show would create but i would definitely watch it! :D
 
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Lol.. What's with shooting videos in the car?

I would say that shooting the video in the car from the windscreen is the perfect angle! It is also rather comfortable in your car seats with the air cond blowing. Kind of reminds me of scenes from movies when they have a conversation in the car. I will take your idea and shoot my own video like this in the future. Congrats guys!
 
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is this 42 days a new feature about NJ?
i know there are 60 days registrar lock for domains but you can push it to another account on the same registrar..
 
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I wouldn't want the extra competition the show would create but i would definitely watch it! :D

Hahah I understand. But one thing to always remember about competition and I am being flat out honest here, most people are lazy. This domain stuff takes a lot of work. A lot of anaylzing, researching, comparing, guessing, guts, etc. You could give many people great advice and probably less than 1% would actually implement that advice on a consistent basis. I am not trying to be mean but it's the harsh truth. It goes for any business.

So we know the advice we give everyone will not take action on but there are some people that will and that's awesome. We also look at vids and blogs ourselves to get advice from industry leaders as well.


I would say that shooting the video in the car from the windscreen is the perfect angle! It is also rather comfortable in your car seats with the air cond blowing. Kind of reminds me of scenes from movies when they have a conversation in the car. I will take your idea and shoot my own video like this in the future. Congrats guys!

Nice! If you ever make some vids, let us know. We look forward to it.

Thanks for the support.

is this 42 days a new feature about NJ?
i know there are 60 days registrar lock for domains but you can push it to another account on the same registrar..

Not really a new NJ feature, just one to be aware of. When you mention the 60 day lock, that goes for ALL registrars based on a rule at ICANN. Every domain regged has to stay with that registrar for a 60 day MINIMUM before it could be transferred out to any other Registrar.

I got confused because this was the first NJ pre release name we've won. I've won a pre release in Snapnames and transferred it to my Godaddy account within like 3-4 days.

But Namejet has different procedures it seems and you must wait 42 days to be able to push it to another enom account. I assume you could transfer it to another registrar in 42 days as well but I haven't done this yet since the buyer wanted it to go to their enom account (enom is partnered with NJ by the way)

-Omar
 
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oh lol it sound like a crazy enom rule.. no push on other enom account but ok if to another registrar..
 
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Actually no push or transfer for at min 42 days. Basically you just hold it and "hope for the best". Lol
 
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I used to keep a long list of domain names I wanted \ though were good, but I tend to now buy the name straight away if I have that feeling.
 
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I used to keep a long list of domain names I wanted \ though were good, but I tend to now buy the name straight away if I have that feeling.

So I assume you are focusing on Buy it now domains? Because if it is a pre release, I am not sure how you could straight out buy it now.

-Omar
 
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The knowledge first and then you can be talking of instinct. Cheers.
 
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The knowledge first and then you can be talking of instinct. Cheers.

What's this mean? Not sure what you are trying to get at here.

-Omar
 
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