NameLot

My outbound this month

Labeled as strategy in Domain Selling and Domain Sales, started by abstractdomainer, May 7, 2020

Replies:
61
Views:
4,959

  1. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

    Posts:
    1,278
    Likes Received:
    618
    Happened to try outbound after like months, properly. By properly, I mean, reaching out to the right leads instead of 100s of random leads to get a sale. There were a mix of extensions, length of domains and the number was also good.
    Here is more about the outbound and the results:

    1) Geo-domains
    I had close to 6 geo-domains that I purchased for cheap for $7 or so, per domain. Mostly, there were 2 niches with 3 domains each. I was very sure that I am closing one sale for sure, tonight. I opened YellowPages, types the name of the city (200,000+ population, and a pretty popular niche, even at this time). One of the domains had 19 characters and some others were between 10 and 19.
    Reached out to 10 best leads for each of these domains. Took me close to 30 minutes of research to find the domains. Another 10 minutes to register it and then 30 minutes per domain (close to 3 minutes per lead to find the contact and reach out).
    Number of domains - 6
    Niches: 3
    Mails/contact form per domain - 10
    Total time investment - 220 minutes
    Number of replies - 7
    6 said, not interested. 1 agreed for a sale of around $199 and then never replied back.


    Followed up with the leads after 3 days, Wednesdays mostly, around 12 pm.
    4 replied not interested.


    2) .CO domain

    Outbound for 30 .CO domains. Most were either 1-word domains, 2-word domains, or brandables.
    Mail/domain - 3
    Reply received - 5
    Time invested - 360 minutes (approx 6 hours)
    2 not interested.

    1 asked "Explain why your name is better than mine." I explained. It looks like he was not convinced.
    1 offered $100 for a domain I wanted $699. Then I thought, since it may expire, let me get rid of it. Said yes. The buyer said can't buy.


    3) Brandable domain

    Had a few brandable domains in .ORG with a lot of leads. I outbound for 1 of them. Reached out to close to 15 leads for this one.
    1 replied that not interested. Only interested in .COM version of the domain.

    So that's my experience with outbound after a month. Close to 10 hours of investment with 0 sales. I believe the names were average and I have sold such names earlier. My question is:

    1) Has the market changed for outbound or is it the COVID thing?
    2) How has your experience been with outbound lately?

    Share your comments!
     
    Last edited: May 7, 2020
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    10,447
    Likes Received:
    15,486
    I don't think outbound (of marginal domains) has really been that amazing of a model in recent years, even in good times.

    I think it can only really work on a massive (blatant spamming) scale.

    Selling domains is not easy. It is even harder proactively.

    Brad
     
    Last edited: May 7, 2020
  3. BrandAptly.com

    BrandAptly.com Established Member

    Posts:
    306
    Likes Received:
    816
    Selling domains proactively is difficult. The little success that I have experienced is attributable to the traffic generated by the domains rather than the domains themselves.

    Say I find an expired domain name in the yellowpages of a company that has gone out of business, I test the traffic for 4-5 days. Assuming that the domain generates 150 visitors a day, what I offer my prospects is 4,500 high quality leads a month (55k/year) wrapped up in a domain name. That changes the conversation.

    Most business owners don't understand domains...but they do understand leads, clients and customers.
     
  4. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

    Posts:
    1,278
    Likes Received:
    618
    Looks like that is the truth. I ended up spending quite a lot of time. And opportunity cost is high. For anyone who doesn't get the right response.

    What about even if the domains don't generate traffic? What would be the conversation then? Can you still, like, pitch in terms of the brand value that will bring in more leads and hence, higher conversion?
     
  5. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    10,447
    Likes Received:
    15,486
    The thing you could fall back on is an objectively higher quality domain.

    For instance if you are trying to sell a domain to a plumber in Austin, AustinPlumbing.com is a lot better than PlumbingServicesInAustin.com or something like that.

    The problem is clear upgrades are rarely available as hand registrations and cost serious money to acquire on the aftermarket.

    If you are hand registering domains, it is unlikely to be a massive upgrade for an end user at this point. There are around 140M .COM registered.

    The pickings are going to be extremely slim.

    Brad
     
    Last edited: May 7, 2020
  6. Indianad

    Indianad Upgraded Member Gold Account

    Posts:
    201
    Likes Received:
    363
    @abstractdomainer Congratulations on your effort. I know, effort doesn't always pay the bills or win the prize, however, with persistent effort on whichever platform...eventually will pay off.

    I'm a newbie so I cannot offer any wisdom on your choice of methods. However, what I can state is that your determination and persistence is a key to your success. With all of the "no's" that you are receiving...the "yes" is not far ahead!!

    Again..congratulations on your effort and your success that's near!!

    Best,
    Indianad
     
  7. BrandAptly.com

    BrandAptly.com Established Member

    Posts:
    306
    Likes Received:
    816
    Even the clear upgrades are very difficult to sell outbound. I have a few of those that I get some low-ball inbound offers for. I got zero responses from outbound. It depends on the population size and business culture in that area.

    I have city+pharmacy.com, city+mall.com, city+health.com and city+clinic.com that I haven't been able to sell outbound. About 8 states have towns with that name, but they are all small towns.
     
  8. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

    Posts:
    10,447
    Likes Received:
    15,486
    I agree. It is hard to even sell good domains.

    I get endless $XX and low $XXX offers for domains that would sell for 4 and 5 figures reseller.

    Brad
     
  9. damance

    damance Top Contributor VIP

    Posts:
    922
    Likes Received:
    1,684
    Number of domains - 32 (in last 40 days) EMD and GEO domains
    Mails/contact form per domain: 20-55 + follow ups to all
    Number of replies - 23
    Sales: 0
    Asking prices: ($100 - $288)


    1. How much?
    2. Not interested.
    3. No thanks.
    4. What are you asking for it?
    5. UNSUBSCRIBE
    6. At this time I am not interested, but thank you very much for following up.
    7. Thinking this is a scam
    8. Thank you for the offer. No, Thank you. Unsubscribe
    9. its useless to me
    10.No thank you.
    11. Hello No thank you Regards
    12. Unsubscribe
    13. Thank you but unless it’s a good deal I won’t be a buyer.
    14. unsubscribe
    15. unsubscribe
    16. What is the price?
    17. We are not interested at this time
    18. Unsubscribe
    19. Pete Please look into this if this is something I should consider.
    20. Not interest Ben
    21.unsubscribe
    22. unsubscribe
    23. Many thanks for your email and offer. It's a great name! I will stick with my own domain name at this stage but thank you anyway

    few months ago:

    Number of domains - 33 EMD and GEO domains
    Mails/contact form per domain: 20-55 + follow ups to all
    Sales: 6

    ClarkAttorney $249
    UnderbrushClearing $200
    PrintingAndDesigning $388
    TexarkanaLawyer $100
    PropertyManagementVisalia $100
    TreeTrimmingOrlando $200
     
    Last edited: May 7, 2020
  10. Rich

    Rich Top Contributor VIP ★★★★★★★★★★

    Posts:
    1,307
    Likes Received:
    1,570
    I dig the tree names, plenty of money in that industry.
    I'm not sure if it would sell more names but you may save yourself time outbounding with a price for the domain.
     
  11. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

    Posts:
    1,278
    Likes Received:
    618
    Sure. I get it. Valid point! But tbh, there are tons of geo+keywords out there which can be sold in $150 - $450 range. That's my point. The goal is to start off with say, $300 and make your way up. That's what I am trying to do now.

    Thanks. But trust me, efforts are no good without conversion. The game is all about selling. If that doesn't happen, no point!

    Follow up does wonders for some people. Not sure how much, but it does.
     
  12. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

    Posts:
    1,278
    Likes Received:
    618
    Did I forget to mention:
    I got a $5 offer for a domain I had said in the mail, that names like these sell for $1,199.

    Amazing! Keep it going! Pretty decent. How much time did it take to do this - as it done over a week or a month or what?
    How many follow ups and at what intervals?

    Tree names? What is it?
     
  13. Rich

    Rich Top Contributor VIP ★★★★★★★★★★

    Posts:
    1,307
    Likes Received:
    1,570
    Noticed the tree trimming and underbrush clearing names are part of vegetation management and I can relate.
     
    Last edited: May 8, 2020
  14. BrandAptly.com

    BrandAptly.com Established Member

    Posts:
    306
    Likes Received:
    816
    To confess, I never attempt a follow up when I don't get a response to my first email. You may be right that it can work wonders. I often just assume that the person simply wasn't interested. I haven't yet figured out how to evoke interest in a domain from a prospect without backing the pitch with data.

    I also think regular outbounds might even be harder now seeing that a lot of small business are clutching onto their purses.
     
  15. karmaco

    karmaco Top Contributor VIP

    Posts:
    2,738
    Likes Received:
    7,121

    All those unsubscribes tell you what people really think about unsolicited email marketing 🤷‍♂️
     
  16. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

    Posts:
    1,278
    Likes Received:
    618
    Correct. But if it happens to sell, for that lead, it was a fair mail, isn't it?
    And to find that lead for which this is fair, if you do a targeted email, ain't you reaching out to the prospects?
     
  17. BrandAptly.com

    BrandAptly.com Established Member

    Posts:
    306
    Likes Received:
    816
    I will let you in on a little secret. If you do your outbound through the newsletter of a niche forum, you will get much better responses/results. For instance, if you are selling real estate domains, send an ad out through a real estate forum newsletter. It is not free, but the ROI is much better. The obvious reason being that the information is being delivered to them by a trusted source.
     
  18. noneisnone

    noneisnone Established Member

    Posts:
    610
    Likes Received:
    335
    more information please this is so interesting
     
  19. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

    Posts:
    1,278
    Likes Received:
    618
    Ya like what is the kind of investment we are looking at?
    How has the conversion been for you?
    This is the kind of sale technique that never came up. I mean I have seen people go to respective forums and keep a signature with the name of the domain they are trying to sell, but not this.
     
  20. topdom

    topdom Top Contributor VIP

    Posts:
    1,114
    Likes Received:
    908
    In my case people don't even say unsubscribe, so I admire everyone's success in getting responses.
    I rarely do outbound, but mines are like truth bombs, so they will think about it, and decide "he is right".
    So doing outbound just before expiration is not a good idea, because they will think about it for 3 months, and decide in 3 more months. If I make price as low as 50 or even 20, will it work: I think not. Let it expire, buy again, and then do outbound.
    ........
    There must be a way to make your domain get stuck in their mind. So they would unconsciously type your domain into their browser by mistake, and then suspect their customers would do the same. Once they type your domain, probably chrome browser will show that domain to them from time to time. So, make them visit the domain at least once. (just an idea , not sure if this would work).
    ..........
    How about this: rent your domain at Epik, with zero downpayment. So they will think it is free, and when it is renewal (rental) time they will just think, it is one of hundreds of bills to be paid this month, and not make any objection.
     
  21. BrandEntrance.com

    BrandEntrance.com Open 24/7/365 VIP Gold Account

    Posts:
    1,968
    Likes Received:
    2,248
    Really?
     
  22. noneisnone

    noneisnone Established Member

    Posts:
    610
    Likes Received:
    335
    i always try to reach out for potential buyers never had someone respond to me i just send out one email and if i don't get a reply i don't send another
     
  23. jideofor

    jideofor Top Contributor VIP ★★★★★★★★★★

    Posts:
    3,093
    Likes Received:
    3,840
    How do you check the traffic of a domain name? Any tool?
     
  24. BrandAptly.com

    BrandAptly.com Established Member

    Posts:
    306
    Likes Received:
    816
    It depends on the size of the forum, how active the users are and the ad space you're taking in the newsletter. You will have to check with the respective forum admin.
     
  25. BrandAptly.com

    BrandAptly.com Established Member

    Posts:
    306
    Likes Received:
    816
    You will have to buy the domain first. Then you do a 301 redirect to your website using a link that gives click counts. I use a plugin called Linker on a wordpress installation. If you like the traffic, you keep the domain. If not, you get you get a refund. You have 5 days with Godaddy.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...