ccTLD I sold my first name for $100

MapleDots said:

Congrats

Next time try to cover your costs and make a full $100

Keep a spreadsheet of your costs and factor in the commission plus a $100 profit.

As you get better names and people complain about pricing make sure you have a strategy and are prepared to offer valid responses.

ie...

Client Comment: Your domains are too expensive, I could register one for ten bucks.

Your Response: Sir as you can see most of the good domains are already taken and your domain is the main pathway that leads to the front door of your digital business. The price quoted does not represent a single domain but a proportional amount for holding a large portfolio of domains. You can understand that a business has expenses and holding thousands of domains can get expensive. That said an asset like a domain is often tax deductible or a business may be able to depreciate it over a period of years. Check with your accountant and once you do that math you will see why successful online businesses have invested larger amounts in obtaining the right address. It is no different from being on the most desired main street in town or being in a side alley. The alley will always be cheaper but definitely not more successful.

Now if I were to break that response down to the most important part to stress to your client it would be....

The price quoted does not represent a single domain but a proportional amount for holding a large portfolio of domains.

Good luck

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Bob Hawkes said:

important message for us all

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J Sokol said:

You've overcome the first big hurdle in domaining -- now let's hope for many more sales.

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1Darko said:

The most important thing is you should have some fun too

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MapleDots said:

Client Comment: Your domains are too expensive, I could register one for ten bucks.

Your Response: Sir as you can see most of the good domains are already taken and your domain is the main pathway that leads to the front door of your digital business. The price quoted does not represent a single domain but a proportional amount for holding a large portfolio of domains. You can understand that a business has expenses and holding thousands of domains can get expensive. That said an asset like a domain is often tax deductible or a business may be able to depreciate it over a period of years. Check with your accountant and once you do that math you will see why successful online businesses have invested larger amounts in obtaining the right address. It is no different from being on the most desired main street in town or being in a side alley. The alley will always be cheaper but definitely not more successful.

Now if I were to break that response down to the most important part to stress to your client it would be....

The price quoted does not represent a single domain but a proportional amount for holding a large portfolio of domains.

Click to expand...