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I went to a bar tonight and...

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I went to a bar tonight for a buddy of mine who was celebrating his engagement. Somehow or another domains names came up and one of his buddies said his dad registered kegs.com a long time ago for their 35 year old business. The business is not doing well right now and he had no idea that this domain was pretty valuable. Estibot in my opinion does not do this name justice. The domain owners actually redirects kegs.com to the business website. I told him if his business fails he could have a pretty nice retirement if he just sells the domain name.

I just wanted to post this because he is just one person who has a pretty valuable name and had no idea it was valuable. I wonder how many people have domain names and don't have a clue they are sitting on a goldmine.

Any thoughts?
 
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AfternicAfternic
blaknite said:
Don't let your friends dad lose his buisness and resort to selling this name. Instead use it to save his business. Perhaps you can even make a profit by helping him with the web design. (though I would reccomend you outsource if you feel its above your capabilities. Its going to be a big job.)

Looking over his site, I'd say the site is very representative of what an average cookie cutter business site looked like five or more years ago. It still has trappings of SEO that is now black hat and was popular back then. (obvious hidden text) There is very little effort to turn the visitors into buyers. It looks more like a brochure annoucing the existance of a product rather than a user involved site.

First off a complete site redesign is in order. Lose the focus on SABCO and put it on KEGS.com. One is far more brandable. I'd make the site kegs.com independant, featuring all kinds of brewery articles, forums, diy how to's, videos, ect. Then treat sabco as an exclusive business partner of kegs.com (IE promote their products throuought the site as if they were a separate entitiy.)

He could cover the additional cost of the web design work by earning additional income from featuring affilate links for similar but non-competitive products. If he sells barrels and equiptment, partner with a specialty yeast supplier, and someone who sells grain.

I'm sure most of us here realize this, and your friend's dad probably doesn't. The people he wants to find his website are not searching for brewery equiptment. Thats why he isn't getting any sales. It would seem they should be looking for brewery equiptment, but more than likely they are searching for things like "how to make my own beer at home." By turning kegs.com into a separate entity that focuses on the kind of people he really wants to sell to. Contests, Tshirts, mugs, events, can all be features of the kegs.com brand. By making the site a separate entity he can inspire people to be interested in his type of products and then be there to direct them to SABCO when they're ready to buy. Even if the people arent all interested in brewing, he can turn a profit from the extra traffic and use it to support both the site and his business.

SABCO in its own right needs a bit of work. Mostly just a site redesign that changes the focus from informational to Straight Sales. Kind of like good cop bad cop. One site provides motivation to act the other provides a means for the action to follow. They are a married pair, but to the vistor they seem independant. People can build a feeling of trust from kegs.com because they don't sell anything directly and trust their oppinon that producst from SABCO are of good quality and fair price. People would not normally build that same level of trust dealing with SABCO directly because buyers are inherently distrustful of sellers.

Thank you, if you don't mind I want him to read this exactly as you wrote it because this is what he needs to hear in order to move forward with this site.

Thanx again!!
 
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You're welcome. When the guy's rolling in it, he can kick a few bucks my way :)

Your thread got me thinking today and I thought of a few more things that may be of interest. Generally companies that sell alcohol are prohibited from using advertising that is too flashy. Cartoon characters and the like... This is because it tends to attract children. One advantage of making kegs.com a separate entity is that he could go just about as far as he wanted over that line without damaging his sales business and credibility. Not actually selling alcohol means he can target a demographic of more susceptible teens that budweiser couldn't ever touch. Its a matter of personal taste there, as he may not be willing to go that far. I know as a teen I would have been all over a website that teaches you how to make beer. (I even bought one of those wine making kits from the back of a magazine.) Probably not the best idea though, since he's trying to sell brewery equiptment that teenagers probably wouldn't buy. Still teens are killer for getting the word out about a brand. (heard of viral marketing?) Its a little long term, but five years later they will be his demographic and already intimately familiar with his brand.

Another promotion possibility is for kegs.com to host some kind of brewery competition. Put together a prize from funds coming from his newly found affiliates and give it away to the best microbrew. He could even give away a homepage link on the new site to the brewery who wins "best beer" and charge a small reg fee to enter the competition. (Promotion that pays for itself...) Once it is established, I bet some of the smaller shops would kill for a chance to have their logo show up on kegs.com as "beer of the year." The winner would definately use that in his own advertising, and that would be free promotion for kegs.com. It all seems like one big party on the front, and he's silently making these small brew shops aware of his other business as an equiptment supplier behind the scenes.

As for affiliates, I was thinking about yeast and grain suppliers first, but after I thought about it for a while, beer businesses would be his best bet for conversions. I'm sure more than one frat boy has wandered into kegs.com because he's been tasked with supplying the keg for the next party. It wouldn't hurt to do a bit of research on referrer logs and polling his visitors to see what they really wanted before choosing a final development plan. Sometimes you think people want one thing, but you have no idea what they really were looking for.
 
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Blaknite, very nice of you to share your advice. :tu:
 
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Excellent thread, thanks blaknite & original poster!
 
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etittle52 said:
I went to a bar tonight for a buddy of mine who was celebrating his engagement. Somehow or another domains names came up and one of his buddies said his dad registered kegs.com a long time ago for their 35 year old business. The business is not doing well right now and he had no idea that this domain was pretty valuable. Estibot in my opinion does not do this name justice. The domain owners actually redirects kegs.com to the business website. I told him if his business fails he could have a pretty nice retirement if he just sells the domain name.

I just wanted to post this because he is just one person who has a pretty valuable name and had no idea it was valuable. I wonder how many people have domain names and don't have a clue they are sitting on a goldmine.

Any thoughts?

I wish I met this guy before you said anything. lol

j/k Really, even so-called pros do this. A guy once traded me a NNL.com for a worthless NNN.cc that cost me $10. lol He thought that he screwed me over but did he? Most .cc are worthless and I sold the NNL for a pretty decent sum.
 
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blaknite said:
You're welcome. When the guy's rolling in it, he can kick a few bucks my way :)

Your thread got me thinking today and I thought of a few more things that may be of interest. Generally companies that sell alcohol are prohibited from using advertising that is too flashy. Cartoon characters and the like... This is because it tends to attract children. One advantage of making kegs.com a separate entity is that he could go just about as far as he wanted over that line without damaging his sales business and credibility. Not actually selling alcohol means he can target a demographic of more susceptible teens that budweiser couldn't ever touch. Its a matter of personal taste there, as he may not be willing to go that far. I know as a teen I would have been all over a website that teaches you how to make beer. (I even bought one of those wine making kits from the back of a magazine.) Probably not the best idea though, since he's trying to sell brewery equiptment that teenagers probably wouldn't buy. Still teens are killer for getting the word out about a brand. (heard of viral marketing?) Its a little long term, but five years later they will be his demographic and already intimately familiar with his brand.

Another promotion possibility is for kegs.com to host some kind of brewery competition. Put together a prize from funds coming from his newly found affiliates and give it away to the best microbrew. He could even give away a homepage link on the new site to the brewery who wins "best beer" and charge a small reg fee to enter the competition. (Promotion that pays for itself...) Once it is established, I bet some of the smaller shops would kill for a chance to have their logo show up on kegs.com as "beer of the year." The winner would definately use that in his own advertising, and that would be free promotion for kegs.com. It all seems like one big party on the front, and he's silently making these small brew shops aware of his other business as an equiptment supplier behind the scenes.

As for affiliates, I was thinking about yeast and grain suppliers first, but after I thought about it for a while, beer businesses would be his best bet for conversions. I'm sure more than one frat boy has wandered into kegs.com because he's been tasked with supplying the keg for the next party. It wouldn't hurt to do a bit of research on referrer logs and polling his visitors to see what they really wanted before choosing a final development plan. Sometimes you think people want one thing, but you have no idea what they really were looking for.


this, and the earlier response, were perfect. your friend just got free business coaching that could make them many thousands of dollars and take their business to a new level.

i agree that blaknite should get some sort of thanks if they implement it

:)
 
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lzy said:
Blaknite, very nice of you to share your advice. :tu:

Its actually one of my worst qualities. "Loose lips sink ships..." I've given away ideas in the past that I know I could have made a fortune with had I used them myself. I just can't keep my damn mouth shut!
 
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blaknite said:
Its actually one of my worst qualities. "Loose lips sink ships..." I've given away ideas in the past that I know I could have made a fortune with had I used them myself. I just can't keep my damn mouth shut!

ah, but think of those rep points. pity you can't cash them in for $NP

;)
 
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blaknite said:
Don't let your friends dad lose his buisness and resort to selling this name. Instead use it to save his business. Perhaps you can even make a profit by helping him with the web design. (though I would reccomend you outsource if you feel its above your capabilities. Its going to be a big job.)
---SNIP---

Words of Wisdom. Exactly what I thought when I read the story and visited the site, only I couldn't have written my thoughts down so well. REP+
 
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