domain Pension [dot] com

Frans André Citroën said:

The only way Michael J. Saylor from MicroStrategy.com sold Voice.com for $30 MILLION was to reject offers of 1$, $10 to $20 MILLION. He knows the true value and power of domain names and held on to them until a buyer came along who also understood the value of ultra premiums.

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everything boils down to how rich u are..to sit around and wait..rejecting 1mil offers.

u make a mistake comparing him to most domainers here. therefore his actions dont apply or compare to most either..its irrelevant

bmugford said:

It is not all that hard for billionaires to get top dollar on assets they sell. The average person is not in that situation.

You don't hear about all the domains people don't sell by asking over the top prices, just the handful that actually sell.

It's a great domain, but sales over a few million dollars are a major rarity.

Brad

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It is a mindset, the only way you can sell for 8 figures is to reject 7 figures. It is rare, but if you do not believe in it, then it will never happen. It does not mean that his domain is not worth 8 figures, because there is currently no buyer. He owns a ultra premium, and the value is there, if there is a buyer or not. Whoever the owner is, the domain matters.

alcy said:

everything boils down to how rich u are..to sit around and wait..rejecting 1mil offers.

u make a mistake comparing him to most domainers here. therefore his actions dont apply or compare to most either..its irrelevant

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It's about the domain name and the value (appraisal), he asked for it. Not the person who owns it.

Kingslayer said:

I do have my own thoughts on valuation, but very interested to hear yours. How much would you value a $50 trillion industry defining domain name?

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Frans André Citroën said:

It is a mindset, the only way you can sell for 8 figures is to reject 7 figures. It is rare, but if you do not believe in it, then it will never happen.

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It is a lot more than a mindset. It is likely to be far more expensive to buy a domain from Bill Gates that Joe Blow. There is a complete lack of motivation to sell if you have billions of dollars.

You are basically taking one outlier sale, sold by a billionaire, and trying to apply that to a different situation. I just don't see it.

There have only been a tiny handful of 8 figure sales in history, especially ones for a pure domain without a business built on it. NameBio.com only shows (15) $2M+ sales since 2015.

Brad

bmugford said:

It is a lot more than a mindset. It is likely to be far more expensive to buy a domain from Bill Gates that Joe Blow. There is a complete lack of motivation to sell if you have billions of dollars.

You are basically taking one outlier sale, sold by a billionaire, and trying to apply that to a different situation. I just don't see it.

There have only been a tiny handful of 8 figure sales in history, especially ones for a pure domain without a business built on it. NameBio.com only shows (15) $2M+ sales since 2015.

Brad

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This does not mean, just because they did not sell for 8 figures, that the value is not 8 figures. And I'm talking about ultra premiums.

Congratulations. Don't even try to put a fixed figure on it. Take your time to decide whether you would accept 7 or 8 figures - nothing less. Invite "serious offers only". @bmugford Brad, there is a huge market outside the USA. Players in the States should be made to compete with them if they want it.

@Kingslayer If you get the opportunity, or if you're are on good terms with some already, sound out a few top traders and brokers - those used to dealing in multi-million dollar sales, not the bread and butter people - for some guidance. Frankly, when you are not used to dealing in these amounts it may well be worth your while to use one of them. Suddenly being offered a tenth of what it's worth, still a huge sum to most people, can turn your head too easily unless those sums are familiar ground to you.

Mike Goodman said:

Congratulations. Don't even try to put a fixed figure on it. Take your time to decide whether you would accept 7 or 8 figures - nothing less. Invite "serious offers only". @bmugford Brad, there is a huge market outside the USA. Players in the States should be made to compete with them if they want it.

@Kingslayer If you get the opportunity, or if you're are on good terms with some already, sound out a few top traders and brokers - those used to dealing in multi-million dollar sales, not the bread and butter people - for some guidance. Frankly, when you are not used to dealing in these amounts it may well be worth your while to use one of them. Suddenly being offered a tenth of what it's worth, still a huge sum to most people, can turn your head too easily unless those sums are familiar ground to you.

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Yeah, you don't have an asking price on a domain of this quality. You make the buyer make the move and see if the offer makes sense.

You are going to have to go through endless tirekickers to find a serious offer.

Brad

Speechless ! Congratulations.

Couldn't have happened to a better person imo.
Andrew Rosener is the man for the job imo.

Frans André Citroën said:

The only way Michael J. Saylor from MicroStrategy.com sold Voice.com for $30 MILLION was to reject offers of 1$, $10 to $20 MILLION. He knows the true value and power of domain names and held on to them until a buyer came along who also understood the value of ultra premiums.

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That's why I said never say never - not going to totally dismiss the possibility, slim though it is....

nononsense123 said:

Andrew Rosener is the man for the job imo.

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I can think of several others, not all men. Salesmen are the public face of finance. Decisions in those businesses are mostly made by actuaries or similar. Mathematicians. Very conservative. Understated, even. Introverted geeks. A far more reserved style is required. AR is an out and out salesman. He'd probably scare the pants off them.

Mike Goodman said:

I can think of several others, not all men. Salesmen are the public face of finance. Decisions in those businesses are mostly made by actuaries or similar. Mathematicians. Very conservative. Understated, even. Introverted geeks. A far more reserved style is required. AR is an out and out salesman. He'd probably scare the pants off them.

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Whoah! Didn't expect Actuaries would be brought up here.. I am one maybe that's why the name appeals to me so much!
And you're right about us being conservative. Although, domain name decisions will be taken by the CEO and the marketing team..

When stating 8 figures, but certainly 7...I think I'll stick by it, mainly because I'm a hopeless romantic. Plus, swaying towards the optimistic side...its kind of my thing

Again, great investment @Kingslayer ...regardless of the horizon people see, I anticipate you'll do fine either way

nononsense123 said:

domain name decisions will be taken by the CEO and the marketing team..

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The purchaser of this domain will not be a small business. The marketing team will doubtless make the initial decision and recommendation. It may even be the COO (rarely the CEO). But in any business, how many millions can the marketing team or even the COO, other than as a part of a senior management team, spend in a single transaction before higher approval is required? Often not even one.

QED.

Thanks for the appraisals and opinions everyone, I prepared myself for mixed appraisals when I posted this; people have different views on every domain and it’s valuation, even on other premium assets like ‘poker/fashion/funds/wedding’ dot com, but the unanimous opinion is that this is a multi-million asset, so thanks to everyone for that as well as your comments and advice, I will take it all on board.

bmugford said:

There have only been a tiny handful of 8 figure sales in history, especially ones for a pure domain without a business built on it. NameBio.com only shows (15) $2M+ sales since 2015.

Brad

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Thanks for the replies Brad.

I agree with you that 8 figure sales are rare (certainly that’s made public) but domains in this tier are rarely disclosed public (fashion/betting/holiday/wedding/casino/poker) but I think everyone knows when they do exchange hands, they are more likely than not 8 figure sales end-user.

Estibot has this at $980K, GD breaks at $25K or more, Brandpa breaks at $50K it seems. Nameworth has it at $4M top price! It will be very interesting to see what happens.

In terms of brokers, I’ve noticed three prominent women at the head of Evergreen (Jen Sales), SAW (Amanda Waltz) and Buckley Media (Kate Buckley). Also Margo Bushnaq is founder and CEO of BrandBucket. Might be worth approaching them to represent you and get an appraisal at the very least. A lot of the benefit from the top brokers is their large access to premium buyers as well as taking the hassle of the approach and negotiating process.

CTUXSF said:

Estibot has this at $980K, GD breaks at $25K or more, Brandpa breaks at $50K it seems. Nameworth has it at $4M top price! It will be very interesting to see what happens.

In terms of brokers, I’ve noticed three prominent women at the head of Evergreen (Jen Sales), SAW (Amanda Waltz) and Buckley Media (Kate Buckley). Also Margo Bushnaq is founder and CEO of BrandBucket. Might be worth approaching them to represent you and get an appraisal at the very least. A lot of the benefit from the top brokers is their large access to premium buyers as well as taking the hassle of the approach and negotiating process.

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I’ve never taken much notice of automated valuations to be honest with you, but that is good going for Estibot. I would take a guess they probably valued Voice dot com around $120k before that sale (if not lower)?

I know all about brokers, I’m currently working with Buckley Media on another domain I own. I’ve only owned the domain for 5 days, so not ready to (potentially) sign over a percentage of my asset just yet, I’m waiting to see the interest it gets and whether it can sell itself.

But I am open to brokerage, i'd only probably use 3 companies though who i like and think offer a 5 star service (all have been mentioned in this thread), if someone said to me "give me 6 months and I’ll get 8 figures for this" I’m a big believer in all making money together and if someone can do a better job than me, basically pay for their own cut (to what I can get) and it’s their full time job to find buyers, I’m all for that.

But i would need a good chat with them, make sure we are both on the same page in terms of valuation and to make sure they are the right people for the domain.