discuss Is it impossible to handreg a million dollar name?

[mAd MaX]

All domains are handreged but is it impossible to handreg a million dollar name post 2010?

 

[frank-germany]

looks like he overpaid a little
he should have asked godaddy
they know exactly

 

[Dandelion]

It is possible. Only if we have the ability to say "NO" to every single offer including the $1m one. The buyer has no choice other than increase the stake or lose the asset.

How long you can say NO?

I think this will be the biggest obstacle. How long can you say NO?

$1,000,000 sales usually starts with $1,000 offers. How long can you say NO?

Can you hold after $10,000, $100,000, $500,000 offers? Many 1million USD domains are sold for $1,000 because the owner does not have the nerve to hold. How long can you say NO?

Here's why people like @Rick Schwartz excels in high price sales. They know exactly how to say NO and mean NO.

 

[mAd MaX]

looks like he overpaid a little
he should have asked godaddy
they know exactly

Show attachment 115054



Show attachment 115055

 

[frank-germany]

$1,000,000 sales usually start with $1,000 offers.

yes you are right
I have seen that a lot, too

 

[NameJi]

I think this will be the biggest obstacle. How long can you say NO?

$1,000,000 sales usually starts with $1,000 offers. How long can you say NO?

Can you hold after $10,000, $100,000, $500,000 offers? Many 1million USD domains are sold for $1,000 because the owner does not have the nerve to hold. How long can you say NO?

Here's why people like @Rick Schwartz excels in high price sales. They know exactly how to say NO and mean NO.

May be someone with 1M sales can better answer this question. IMO, Brokers can handle the high ticket sales better than individuals.

 

[topdom]

DDOS all catchers and others won't try to handreg either.

Pay someone at the registry so they drop the name at the least expected time.

 

[Bob Hawkes]

I think it is not impossible but the odds are infinitesimal of it happening. In 2018 there were 4 domain only sales (NameBio list) of $1 million and up, out of about 70,000 .com sales over $100. All of them were long registered.

To have any chance one needs to be at the forefront of futuristic ideas, speculate a lot on names most of which will sell for nothing, and there is a tiny chance one might hit the jackpot. However, also a greater chance you will be hit by a meteorite, and that is pretty tiny (but not 0).

Bob

 

[JayT]

As the old saying goes, nothing's impossible. Odds are under .001% that any domainer today will ever do it, i'd say. Why not just make a poll?

 

[bmugford]

I would say the odds are essentially 0%, or as close as you can possibly get to 0%.
Is anyone aware of even a single verified case of this?

The only real way is if you have a domain and some massive trend emerges, like cryptocurrency for example. But even then how many million dollar sales have there been?

Also, like some others have said it is highly unlikely you will turn down all the offers it takes to get the million dollar one.

If you want to build a business you need realistic goals, not pipe dreams...

Brad

 

[Rob Monster]

It is possible. It is extremely rare.

For example, Epik recently managed a multi 6 figure domain sale for a 2 word brandable that was a hand-registration from not long before. Right place, right time.

Two thoughts:

1. These are what I call asymmetric opportunities where one man's trash is another man's treasure. This pretty much only happens with brandable domains.

2. The dynamic that I find drives "money is no object" pricing is where an executive committee led by a "buck stops here" CEO that endorses a strategy, i.e. we will call ourselves this brand name. Sometimes companies launch the product before the brand takes off. This also drives that type of dynamic.

As for the sale reporting, I think many cases where a company is clearly overpaying for a domain name go unreported to avoid embarrassment for management or to avoid second-guessing by the peanut gallery.

 

[Bob Hawkes]

I think many cases where a company is clearly overpaying for a domain name go unreported to avoid embarrassment for management or to avoid second-guessing by the peanut gallery.

^^ This is a perspective I had not thought of, but makes a lot of sense to me.

Also thanks for sharing the idea that one strong willed CEO who really wants a particular name that can drive it (one might argue the Tesla sale was like that - clearly they could have called themselves something else but Elon really liked Tesla and persisted over many years and many dollars to get it). Thanks for providing your perspective from the point of view of a registrar CEO and escrow service provider that provides a perspective most of us don't have.

Bob

 

[JayT]

A million isn't even that much money for a premium domain today. I like the idea of a billion dollar domain. There must be such a thing.

 

[mAd MaX]

The only real way is if you have a domain and some massive trend emerges, like cryptocurrency for example. But even then how many million dollar sales have there been?

It may happen in the category you mentioned I think

 

[zeev yagorov]

i new to this biz but someone told me alot huge deals made but no go to public, he told me if you think the famous one are the most big you are wrong, i also asked him it is realistic to sell domain for few millions today after everything is already registered, he told yes and its was done, he told me why privatejet sold for so big numbers and other sold for much less, where he is the logic, he told me how estibot can figure out price when there is no logic and the one will try to show you logic is far away from the real truth that private jet sold because the owner is smart he know what he hold, the others that sell high quality domains for less lose so much money, and he told me there are alot top domains that no body ever touch them, you need to be creative, the companies that buy them dont have the ability to found them its just not their job, the domainers are the ones that have this nature to get this names, so i built bot like miner to see what goes and this is also help me to get new domains from all what the bot founded, so i found tons, and i was in shook that domainers not get to them, some domains are top 2 words, some middle the others are crap

but for example the domain flythisjet.com and private vip Flights.com historical wine.com

 

[NameLlama]

aS others says, a million dollars is not that much these days
Billion dollars should be your aim
Just build a robot miner to see good domain, an you may be shocked by what is not taken
Good luck

 

[Hustling]

Probable, yes. Unlikely, yes. Impossible, not at all.

 

[karmaco]

It is possible with a long hold but less likely unless you get super fortunate and registered the next really big thing before someone else. I don’t think it’s fair to bring Rick Schwartz into this as an example. For one, his domains are in some cases worth what he asks— maybe in every case and of a different caliber.

As a smaller example, ask yourself how much you’d hold out for on a great CBD name you managed to snatch up ! Or that machine learning name or AI or whatever future trend you invested in. Would XXXX or XXXXX make you swoon?

You need to know the answer before the question gets asked.

The reason there aren’t more huge sales is the average domainer would rather take a sure thing than an unknown. I do believe some names are worth waiting for the right buyer. I just don’t think it’s practical to always holdout. Unless you have a pocket full of top tier names.

Look it all depends on the caliber of the name and how long you are willing to wait.

 

[Dandelion]

I don’t think it’s fair to bring Rick Schwartz into this as an example. For one, his domains are in some cases worth what he asks— maybe in every case and of a different caliber.

I brought Rick into this discussion because I know for sure he possesses the uncanny ability to hold for million dollars deals.

Last year, I offered him $100,000 for a domain I wanted to use for my gaming business. He told me not to waste my time and his, that he can't come down from $1.3million. We had some few chats on twitter, then I passed. Any other domain investor would gladly take $100k for the said domain, but not Rick. That's why I mentioned him as a good example of how to hold.

There are countless of domains he priced above 1million that everyone else will take even $10k for, even some with deep pockets. It's about willingness to wait, and knowing the right domain to hold.

 

[jamesosix]

Money from selling drug. Dirty. You trust?

shut up.
CBD is perfectly legal in most parts of the developed world.

 

[mAd MaX]

It does not cost anything to dream.
Go back to sleep.

Retirement time!