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I'm James Iles: Q&A (Interactive Interview Session)

Located in Ask Pros Anything (APA), started by James Iles, Apr 4, 2019

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  1. White Fang

    White Fang CustomerService.com ★★★★★★★★★★

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    James, like the others above, I'm a big fan and appreciate the info you give out. I have 300+ geographical, medical dotcom domain names from the 50 largest cities in the US. I'm interested in renting them or a lease/buy option. What are your suggestions on marketing these names to end-users; who do you use; who have you heard good things about? Thanks in advance.
     
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  2. omelet

    omelet Top Contributor VIP

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    Question1: James do you have any more insight with regards to the domain rental business? I personally havn't seen any deals happen and I thought from buyer side owning always better than renting?

    Question2: if a domain's listing price is $2000 USD, how much is rental fee reasonable, and is it charged by monthly normally? And what about with a listing price of $20,000

    Question 3: what do you see domain rental business in next 3-5 years

    thanks!!
     
  3. johnnie018

    johnnie018 Account Closed (Disallowed)

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    Thanks to you sir. What do you mean by “lower end names”? I mean a lot of those names would be worthless now and always wouldn’t them, or do you mean something that might get $500 on namejet?

    Please example of “high end” and “low end” names?

    You realize top 1% means 3.5 million domains? That is way beyond 1 word .com, probably includes $10-$20 3 word domains.

    Would the other 99% be worthless anyway?
     
    Last edited: Apr 6, 2019
  4. cabotower

    cabotower Top Contributor VIP

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    Re:outbound
    -
    any ideas on how to make contact with companies that don't have direct management contact on social media and on their websites there is also no management contact.a lot of companies have their contact setup for orders or complaints.and i find that a lot of that is just regular run of the mill gmail where you know that is being opened by somebody with no buying authority.
     
  5. Tony Blessed

    Tony Blessed Established Member Epik.com Staff

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    James, what price strategy do you deploy that effectively gives you power over a domain sale, having a buy it now price or allowing only make offers only?
     
  6. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

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    James, thanks for your response. So you're the UKGUY:xf.smile:....btw, ukguy.com isn't available to register, but UKGUY.uk is:xf.wink: As for Frank Schilling of Uniregistry holding "Hundreds of Thousands of .com names" and selling off just 2% of his inventory annually, if that isn't the perfect definition of hoarding I don't know what is. I don't necessarily blame Frank, but rather the "NATURE OF THE BEAST", the beast being the domain industry. And as for "cybersquatting", I barely knew what that was when two members of NP falsely accused me of cybersquatting due to a case of mistaken identity. I've already named names here, but one of them is a lawyer from Philadelphia.

    James, I own a domain that I just hand registered in February DomainEthics.com. You can check HosterStats to see that it had been continually registered for almost 20 years until it was just dropped in December 2018.....well, I own it now much to the chagrin of critics who have been stalking, harassing and berating me for the last 12 months. James, can you possibly imagine why I may have searched for the name "Domain Ethics"? Just for the record, I know a little about "ethics" in that I've been chairman of the Ethics Awards committee for the Virginia Beach Kiwanis Club where we give special recognition to kids from K-12 deserving of the award. Does this make me an expert on ethics? NO, remember I said I know "a little about ethics".

    Finally, it wasn't until I had a run in with a local registry/registrar that I had actually done a favor for that led me to search for and register the name DomainEthics.com. Fortunately for me I have a pretty good reputation in my hometown, and I'm outspoken enough that I'm developing a controversial reputation in the domain industry. btw, Verisign also happens to be headquartered in the state of Virginia, and they only confirmed my first impressions and suspicions about the domain industry.

    There's a lot more to come from this tenacious but charming Bulldog James. Thanks for allowing me to post and comment(y)
     
  7. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    I believe that Efty provides excellent solutions that are well designed for the purpose, and I’m also a fan of Uniregistry’s landing pages and lead management.

    For me, a landing page should be simple, clearly state that a name is for sale and should also convey some trust to the potential buyer. For example, when godaddy added their logo to Afternic landing pages, it produced a rise in inquiries and sales (I believe, from what I’ve heard Paul Nicks say).

    I am not interested in the PPC ads of any network, I’m more interested in the design and effectiveness of landers.
     
  8. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    Thanks, appreciate it.

    To consider leasing/renting, you’d have to make it worthwhile to the end user. Would they just get a name or would they get a lead generation site that has existing traffic, local search rankings and existing leads? That would be a better solution than purely offering a name to rent in this scenario, with the end user expected to do all the work. Make it worthwhile to the end user - they probably don’t have the time or interest to develop anything out.

    As for services, I’m only really personally experienced with the escrow.com solution for leasing which seems to work fairly well but would likely be more for higher end names.

    I believe Epik may have a solution for this but I haven’t looked into this.
     
  9. Skumars

    Skumars Established Member

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    James, I have questions mainly related to outbound domain sales

    1) While doing outbound on one-word .com domains, how long does it USUALLY take to close the deal based on your experience (1-2 weeks, 2-3 months)? I am seeing that the few companies I have outbound to have opened the emails over 10 times but are not responding. Only 2 of them responded and after hearing price, they went blank.

    2) What is the significance of follow up on outbound domains as per your experience? How often have you followed up (3 times, 4 times, 5 times)?

    3) When it comes to selling high-value domains through outbound, what is the most convincing logic/statement which can speed up a sale?

    4) Have you ever picked up the phone and tried to convince for sale while doing outbound? If yes, how successful it is?
     
    Last edited: Apr 6, 2019
  10. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    I personally haven’t any further case studies that can be made public. In most cases, buyers may prefer purchasing outright. But what if that isn’t an option?

    At the moment, if you can’t afford a name, the options are either raise capital for a one-off payment, or lease to own. I just think this could be another option that domain investors with high value premium portfolios may be interested in pursuing.

    There probably could be a standard formula for this. As someone earlier said, following the real estate market as a comparison could be a sensible approach.

    I think it would be more worthwhile on high 5, 6 and 7 figure names rather than low range $2k domains.

    I hope I’m proven right and we have plenty more publicly disclosed rentals. It’s only really a theory right now as there isn’t much public data to back up my statements.
     
  11. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    Have you checked Crunchbase or LinkedIn? These would be two obvious places. Look up the company, find the staff that work there and hopefully you’ll find your contact point.
     
  12. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    For end user sales I typically remove all BIN prices from any marketplace and I will usually ask for offers rather than state a price, especially if the name is high four figures or more.

    Lower value names (more impulsive buys) in the $4k and under range I am happy to keep a BIN price.
     
  13. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    This is all dependent on the name and circumstances. I closed a one-word sale this year that took about 2 years to come to fruition. But then again I’ve closed a couple of transactions within hours/days.

    In my opinion, it’s also highly dependent on the expectations for the name. If it’s a 6/7 figure name, you may need to wait a year or two for the right situation to come round.

    Following up with an email is important I think. It’s easy for an initial email to get overlooked, so prompting after a few days to a week is something I do.

    I follow up a couple of times usually - Mike Robertson also recommends something similar. He was our expert in a recent outbound series on the blog that I’d thoroughly recommend (there are 4 parts).

    Good question! I don’t believe there’s anything specific to every scenario, but researching the company & competitors and accurately conveying your vision for the domain within their company can be effective.

    The large majority of the time I stick to email, WhatsApp or Skype. Sometimes the situation requires a call but it’s rare.
     
    Last edited: Apr 6, 2019
  14. namemarket

    namemarket Top Contributor VIP ★★★★★★★★★★

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    The more I think about someone paying $325-mo for a relatively low priced $1,600 domain makes me wonder if there's more to the story. It makes no sense unless name is valued at far more than its purchase price.
     
    Last edited: Apr 6, 2019
  15. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    My source is https://www.domainsherpa.com/20190325/ at 28:50 onwards. $1634 was Braden's acquisition price there - apologies if there was any confusion about that.

    I still think we'll see this (domain rentals) becoming a regular occurrence amongst high value names (5,6,7,8 figure). Of course - I could be wrong - it has been known to happen ;)
     
  16. john888

    john888 Established Member

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    I also have tried rent or rent to own to buyers that really want the name, upgrades form another extension. I don't think they trust the systems that are involved for money and domain name transfer. They don't know what Escrow.com is. Maybe Escrow should start advertising like Godaddy to legitimize their business.
     
    Last edited: Apr 6, 2019
  17. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. VIP Gold Account

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    🚩

    @James Iles


    My question is which domain name would you consider as the highest, the most valuable and the most expensive domain name of all time?

    Feel free to answer (not).
     
    Last edited: Apr 6, 2019
  18. Steven McEvoy

    Steven McEvoy CEO, SUWP VIP

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    How much do you charge per article
     
  19. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    Just want to stress that as James has consistently said the $1634 was Braden's acquisition price. That does not mean that is the value of the domain name to an end user, which is probably significantly higher by some factor. That might help make the rental more in line with the figures.
     
  20. BabayS

    BabayS TheLondon.org VIP

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    Hi @James Iles
    Would you write your analysis about the prospects of new TLD .Best ?
    Thank you very much

    Best Kind Regards
     
  21. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    Probably X.com
     
  22. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    I’m not available for any freelance article writing, and also unable to disclose info regarding potential payment :)
     
  23. James Iles

    James Iles Writer PRO VIP Gold Account Trusted Blogger ★★★★★★★★★★

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    I believe that some new extensions can be beneficial to end users as viable alternatives for smaller companies/startups (not investment worthy though). TLDs like .app, .xyz, .global all have usage (just 3 off the top of my head), and clients have specifically requested names in these extensions in some cases.

    I see no end user scenario where a .best name would be of any benefit, and frankly that’s all that matters when it comes to new tlds (in my opinion).
     
  24. cabotower

    cabotower Top Contributor VIP

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    any thoughts on a value for ii.fyi and which marketplaces are best suited for such domains
     
  25. DOMAIN ILLUMINATI

    DOMAIN ILLUMINATI Owner of ▲ the most expensive domain of all time. VIP Gold Account

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    Are you sure?
    No, wait - actually, because you wrote
    "probably", I have to ask why you aren't sure?
    It seems you think that it is possible that there is another domain name that matches my mentioned criteria better...
     
    Last edited: Apr 7, 2019

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