Dynadot

question 20.com: should I use a broker or not?

Spaceship Spaceship
Watch

Jason Calacanis

VIP Member
Impact
49
It's been a couple of weeks since I decided to sell 20.com and I've been bombarded with buyers and auction houses who want to rep the domain.

$500,000 (10%) on a $5m domain seems like a crazy cost to run an auction, especially since Ive gotten offers for $3.4m already.

That being said, it seems like there are some folks who specialize in the China market, where this domain will obviously wind up.

I think $100k commission on 5m and 10% on any amount over 5m is a fair deal for someone (100-200k pay day for a couple of weeks work).

1. What do you think is fair?
2. Who do you think gets China the most?

best jason at calacanis.com
 
0
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
This name sells itself if you get enough publicity. Why don't you continue to do what you're doing to generate buzz then when the buyer with the deepest pockets comes knocking, sell.

Though I still think you should have a broker represent you on this as you'll end up getting more money in one way or another. A 10% bonus on any amount over 5mil with a minimum base ie. $100K sounds like a fair arrangement so I'm sure you'll have the top brokers hounding you for the contract.

I've heard good things about George at GUTA.com. Also Guiseppe at GGRG.com and Andrew at MediaOptions are good at making connections with Chinese buyers.

Best of luck, it's truly a gem!
 
2
•••
Just slap your net price on it and who cares who sells it or how much they make. YOU know what YOU want for the domain. I learned a long time ago that it doesn't really matter what the other guy makes as long as you get what you want. Do your due diligence (it sounds like you know something about domains) and decide on a number that makes you happy.

Great domain! Good Luck
 
0
•••
Sent you an email Jason.
 
0
•••
"should I use a broker or not?"

On a name that expensive, yes! Unless the buyer pays your direct with Bitcoin (no charge backs ;)

But in all seriousness, If you do decide on a broker, there is only one- Andrew at MediaOptions.com

Also contact Escrow.com and see if they are interested in your offer.

Not that you'll need it, but best of luck with your 20dotcom sale!

Happy New Year!
 
0
•••
After giving this some thought..... I'd spend less than $20k on online ads where all the buyers are, press releases, an assistant to field emails and calls, and other media/advertising.

I'd pay for exposure. This domain will sell itself. Half a million in commission fees is kinda crazy IMHO.
 
0
•••
I agree, this name will sell it's self, just gotta let the world know it's available, funny ......oh no it has a 0 in it ....silly domainers !
 
0
•••
I wouldn't bother with a broker, just let everyone know the name is for sale, you wont have a shortage of buyers.
 
0
•••
Wow what a great domain you are set for life on this beauty!
Can I ask how you acquired it and when?

Congrats in advance!
 
0
•••
1. What do you think is fair?
I agree that your proposal is logical and mostly fair.

That said, the following proposal would be more reasonable:
  • $100k commission on the highest existing offer ($3.4m) and 10% on any amount over that.

why.jpg



2. Who do you think gets China the most?
Definitely use one of the Chinese brokers like GUTA.com because they have the best relationships with large Chinese buyers, and in China, relationships play a significant role in whether a deal is reached.

Good luck, Jason!
 
5
•••
Jason-first of all best of luck with 20.com . If it were mine i'd simply pay a flat 5% on this name-simple as that and Ill tell you right now that one or all of the top brokers will take it for that number.-same as a piece of real estate but i would def. use a broker re: monies being escrowed-fraud-transfer etc - the $250K would just be a cost of doing business. Good luck.
 
0
•••
It seems like you're on the ball. 5% seems more than enough for this domain.

Set your terms and let the brokers fight it out.
 
0
•••
  • The sidebar remains visible by scrolling at a speed relative to the page’s height.
Back