James Iles

Trust Your Instincts, Part Two

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By James Iles, Jul 29, 2015
  1. James Iles

    James Iles NamePros Writer PRO Business Account VIP Trusted Blogger

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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.


     
    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

    Writer for NamePros.com, domain name investor and broker. For all inquiries relating to stories and interviews, please email: [email protected]

    This is James Iles's 44th blog post on NamePros. View all blog posts

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  5. Comments (27)

  6. bene

    bene Active Member VIP

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    nice. wish i have a partner will can share knowledge/ resources together to purchase great names
     
  7. Premiumdomain1

    Premiumdomain1 ShopEarly.com on Flippa

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    Very good example for Trusting our instincts.
     
  8. Omar Negron

    Omar Negron Supportive Member NamePros Supporter VIP

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    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
     
  9. Nazz

    Nazz Active Member PRO VIP

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

    Omar Negron Supportive Member NamePros Supporter VIP

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    Lol whats wrong with that? It's my car/youtube movie studio.
     
  11. Nazz

    Nazz Active Member PRO VIP

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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.

    .
     
  12. Joseph Green

    Joseph Green Established Member ★★★★★★★★★★

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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.

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

    You just have to network to find them. :)
     
  13. hookbox

    hookbox Active Member VIP

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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.
     
  14. deflee79

    deflee79 Cough it up bro. VIP

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

    Omar Negron Supportive Member NamePros Supporter VIP

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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.

    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.

    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.

    Thank you! What could we call it? The Omar And Will Show? haha
     
  16. Joseph Green

    Joseph Green Established Member ★★★★★★★★★★

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    That's perfect. Rinse and repeat! :)
     
  17. Omar Negron

    Omar Negron Supportive Member NamePros Supporter VIP

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    Thank you!

    Also, looking to scale up and increase the multiples of course.

    -Omar
     
  18. K.Youness

    K.Youness Established Member

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    Cool! you really need to start your own show ;)
     
  19. Omar Negron

    Omar Negron Supportive Member NamePros Supporter VIP

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    Thanks!

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

    -Omar
     
  20. deflee79

    deflee79 Cough it up bro. VIP

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    I wouldn't want the extra competition the show would create but i would definitely watch it! :D
     
  21. webdomainhub

    webdomainhub Established Member

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    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!
     
  22. pablohc86

    pablohc86 Active Member VIP

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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..
     
  23. Omar Negron

    Omar Negron Supportive Member NamePros Supporter VIP

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    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.


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

    Thanks for the support.

    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
     
  24. pablohc86

    pablohc86 Active Member VIP

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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..
     
  25. Omar Negron

    Omar Negron Supportive Member NamePros Supporter VIP

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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
     
  26. disaac81

    disaac81 Active Member VIP

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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.
     
  27. Omar Negron

    Omar Negron Supportive Member NamePros Supporter VIP

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    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
     
  28. elevator

    elevator Active Member VIP

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

    Omar Negron Supportive Member NamePros Supporter VIP

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

    -Omar
     
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