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A lot of startups these days, scoop the domain name as soon as they receive some funding. If you look at the highest sales for the month, 3-months, 6 months and 1-year, you would not be surprised to see that 1-word names are going for hefty prices.
If you keep a track of who got funded, when, by whom and by how much, and you own a category killer domain name that the business might be interested in, it might be an opportunity for you to increase the asking price.
DNGEEK does pretty thorough analysis and reporting of all startups that got funded, the current domain names that they are using, and the funding they received. This is very valuable information for:
1) Similar domain name owners (For example, if OpenSea got funded with $50 million, and currently using OpenSea.io, while you own OpenSea.com, maybe you should change the pricing from $500,000 to $800,000 and they may still buy). That's another 300,000 for just knowing that someone got funded and may come after your name.
2) Seasoned Domain Brokers - If you are a domain name broker, you may reach out to the right owners, discuss their domain name ownership, and may try to broker on their behalf. This is a win-win for all the parties (seller, broker, and the buyer as well).
3) New Brokers - If you are trying to break into the brokerage world of domain names, this may be your gateway into making your first 5-figure sale, if not 6-figures, and work your way up.
In domaining, knowledge in fact is power (and money) and negotiation is a skill! Look at how @kartikahuja negotiated to make me overpay (20% above my budget just by asking the right questions and having the right information) in our Mock Negotiation.
Cheers and do let me know if you are acquiring the right knowledge day-in and day-out to better price your domain names. Comments are welcome. Happy to discuss and debate.
If you keep a track of who got funded, when, by whom and by how much, and you own a category killer domain name that the business might be interested in, it might be an opportunity for you to increase the asking price.
DNGEEK does pretty thorough analysis and reporting of all startups that got funded, the current domain names that they are using, and the funding they received. This is very valuable information for:
1) Similar domain name owners (For example, if OpenSea got funded with $50 million, and currently using OpenSea.io, while you own OpenSea.com, maybe you should change the pricing from $500,000 to $800,000 and they may still buy). That's another 300,000 for just knowing that someone got funded and may come after your name.
2) Seasoned Domain Brokers - If you are a domain name broker, you may reach out to the right owners, discuss their domain name ownership, and may try to broker on their behalf. This is a win-win for all the parties (seller, broker, and the buyer as well).
3) New Brokers - If you are trying to break into the brokerage world of domain names, this may be your gateway into making your first 5-figure sale, if not 6-figures, and work your way up.
In domaining, knowledge in fact is power (and money) and negotiation is a skill! Look at how @kartikahuja negotiated to make me overpay (20% above my budget just by asking the right questions and having the right information) in our Mock Negotiation.
Cheers and do let me know if you are acquiring the right knowledge day-in and day-out to better price your domain names. Comments are welcome. Happy to discuss and debate.
