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DPs,
I create this thread because I start to understand one big paradox of this industry.
Everyone has its own chapel and certitudes on everything whatever is domain name appraisal, dotcom vs ngtld, blablabla ... - why not ?
But the reality is that only few of you as already sold something for 7-digits in his/her life to a buyer - whatever it's a domain name or anything else.
The first time, I had this chance, I was 20 years old (a long time ago, I was very lucky because it was not just a domain - it was a full website, a marketplace, but I learned something for the rest of my business life :
What makes the price of a domain name is not the domain itself (whatever is the name or the extension) - it's the buyer - it's the business opportunity or the threat for the buyer !
All the rest : sales tactics, story, emotions .... are pure cosmetics and/or bullshit to go to the deal.
So, to answer the initial question : How to make a 7-digits domain sale ?
The right answer is : Don't chase after the perfect domain, chase after the perfect buyer !
and then bring the perfect domain to your buyer.
You will see - price will then be secondary at the end of the game.
Hope it helps.
All the .Best,
CF
I create this thread because I start to understand one big paradox of this industry.
Everyone has its own chapel and certitudes on everything whatever is domain name appraisal, dotcom vs ngtld, blablabla ... - why not ?
But the reality is that only few of you as already sold something for 7-digits in his/her life to a buyer - whatever it's a domain name or anything else.
The first time, I had this chance, I was 20 years old (a long time ago, I was very lucky because it was not just a domain - it was a full website, a marketplace, but I learned something for the rest of my business life :
What makes the price of a domain name is not the domain itself (whatever is the name or the extension) - it's the buyer - it's the business opportunity or the threat for the buyer !
All the rest : sales tactics, story, emotions .... are pure cosmetics and/or bullshit to go to the deal.
So, to answer the initial question : How to make a 7-digits domain sale ?
The right answer is : Don't chase after the perfect domain, chase after the perfect buyer !
and then bring the perfect domain to your buyer.
You will see - price will then be secondary at the end of the game.
Hope it helps.
All the .Best,
CF