information Dollars.com Sells for $500,000 and Provides Another Example of Why Sedo's Mark Ghoriafi is Known as Mr. Premium

[Ron Jackson]

Dollars.com Sells for $500,000 and Provides Another Example of Why Sedo's Mark Ghoriafi is Known as Mr. Premium

Sedo Premium Outbound Broker Mark Ghoriafi has just wrapped up yet another trip to the domain sales mountain top. Mark started the year with a $600,000 sale of Pack.com in January, followed it up with a $980,000 sale of Double.com and just struck gold again by selling Dollars.com at $500,000. As a result he now has three of the top ten publicly recorded sales of the year to date (Dollars.com will be added to the YTD Top 100 when we publish our next bi-weekly domain sales report June 25).

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[Future Sensors]

He rocks.

 

[Gabriel360]

Man is a phenom!

He did outbound marketing and sold a domain name for $500,000. Then he convinced someone who just dropped $500,000 for the correct and premium Dollars.com to drop another $25,000 for the typo Dolars.com.

Absolutely phenomenal!

 

[AEProgram]

easy to be a premium broker when you can offer names for 25% of it's value. I would be the number one car dealer if I sell brand new 500k Ferraris for 75% less

I think the bigger skill is getting the owners of these names to agree to donate them.

 

[D Haynes]

easy to be a premium broker when you can offer names for 25% of it's value. I would be the number one car dealer if I sell brand new 500k Ferraris for 75% less

I think the bigger skill is getting the owners of these names to agree to donate them.

I was thinking something similar but more in the form of a question...

If you put dollars.com for sale with a 500k BIN lander would it have sold anyway?

Isn't a common saying in the domain world that premium names sell themselves?

Part of me thinks the whole broker thing is a bit of a con.

 

[AEProgram]

I was thinking something similar but more in the form of a question...

If you put dollars.com for sale with a 500k BIN lander would it have sold anyway?

Isn't a common saying in the domain world that premium names sell themselves?

Part of me thinks the whole broker thing is a bit of a con.

yeah, exactly.

I think the brokers role (except if they do outbound which probably 99% don't do) is to be a solid negotiator when there is a great name. Most people that are holding an asset they want to sell, especially something like a domain that each name is unique and you can never know the exact value, start to panic when someone shows interest in their name. Good brokers representing a good name, know how to respond, they know when not to respond, when to wait, when to write emails that are one word vs longer emails. Average person would start talking to family, friends, run to forums, get confused and hand out 6 figure domains for high 4 or low 5 figures. This is how some domain investors get a hold of great names for low prices. They know most people panic if they emailed a asking price and there was no reply within a few days. Imagine, guy holds a domain for years, finally someone emails him just to not hear from them?

Brokers (at least the few that master the art of selling names) are used to it, they know most inquires, especially if it had no BIN, are worthless, however, if there is a solid buyer, they know how to get the money.

When I see a great name like dollars go for just 500k, it could be the seller was desperate, it could be the broker panicked, it could be the seller just wanted that and that is all. It could also be that the broker feel that outbound is work, very serious work, and they won't waste it on names that are not really good deals. If I was an outbound broker, I would not touch anything that the price is so good that it gives me a good chance to sell. Even with good prices, outbound results in nothing usually, imagine with high prices.

 

[mrcurly]

If he is working on behalf of the buyer then it is a great deal imo, if he is working on behalf of the seller I would have thought $1-$2 Million easy

 

[Kingslayer]

I was thinking something similar but more in the form of a question...

If you put dollars.com for sale with a 500k BIN lander would it have sold anyway?

Isn't a common saying in the domain world that premium names sell themselves?

Part of me thinks the whole broker thing is a bit of a con.

I think a lot of domain brokers are overrated, I can count on one hand the amount of companies/brokers i would use.

I used to think the same as you (and others above), in that when you own a ultra-premium you get the amount of attention Kim Kardashian does when she walks outside (e-mails/calls etc) - Its not like that, I've owned valuable domain names that people value 7 to 8 figures on here, you know these domains are valuable (when that right buyer comes along) but get little to no inbounds.

As with any domain its a case of waiting and waiting for that right company to contact you or it needs marketing and thats when a broker can help - Dollars dom com, i think this could have been one of those domains that would have got little to no inbounds, so think very well could be a sale due to the brokers outbound marketing and if thats the case deserves credit.

 

[Altetra]

That moment when this word is made of doll+ar/doll-ars, I have observed this long time ago.
I wonder why it contains doll word in it?

 

[pb]

Mr Premium Discount

 

[Jannes]

By comparison, tempo.xyz just sold for $149,888 (as per Namebio).

 

[domvault]

thanks for sharing

 

[likemike]

Let's face it folks any time a name sells for this kind of money the broker should get BIG credit!

 

[stevegpan]

the price tag is one thing, the time it takes to sell is another thing... you dont wait 10 years to sell a name. If the owner asks you to sell a name, you need sell it ASAP with a reasonable price. key is to get a buyer within 1 year or 2 years not 10 years

 

[doidomnola]

Part of me thinks the whole broker thing is a bit of a con.

100% of me agrees with this.