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My 5 Year journey to acquire a domain name (1 Viewing)

MapleDots

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Most of you who follow me know that I'm one of the most tenacious domainers out there. It's not uncommon for me to take 1-2 years to acquire a specific domain. Today was a pinnacle day for me when I closed a deal to acquire a domain name that started five years ago. Yes you read right, my journey to get this fabulous domain has a long storied history.

I have a number of domains that I don't publicize and for now this will be one of them. I can tell you it will easily fit into my top 5 list of my best domains.

I'm sitting by the lake today on holidays and this deal closed in the wee hours of the morning. The sun feels warm upon my skin and the morning dew is still present as I think about the life we have chosen pursuing domain names. Not long ago I purchased a car and two motorcycles from my domain sales fund. The second bike was for my son who is entering the domaining space and learning from dad.

So I say to all of you, the same thing I tell my son, domaining is a waiting game and the key is to plant the seeds. I send dozens of emails a week planting the seeds to buy and sell domains. Some of the seeds sprout, and I develop relationships where the fruit takes years to grow but eventually when the seed bears fruit the effort was well worth the wait.

I looked at my emails yesterday and I can tell you the vast majority of my sales and purchases are done behind the lines contacting my friends and acquaintances in the domaining world. I find the new private messaging system on dn.ca to be a key tool, as people inquire anonymously until they establish a relationship.

I am currently pointing about 600 domains to my marketpage on dn.ca and the amount of emails and private messages are far exceeding the inquiries I had at dan.com.

My domains are pointed to my Market Page at dn.ca but also for sale on dan.ca and godaddy auction. I'm happy to announce that most of the contact though is coming through dn.ca via private message or my sales@mapledots.ca email published in my profile.

As I sit here in the morning sun I thought I would share some of my strategies with my friends and dn.ca and tell you that you have all the free tools available on dn.ca to supplement your current sales strategy, use them as a tool to engage with other domainers and clients. The results for me have been excellent and I envision the day when dn.ca is run by a group of volunteers acting as the board of directors. The main purpose being a free and open community for Canadians to promote, buy, and sell their .ca domains with zero commission in a safe environment run by domainers for domainers. We are only successful because of YOUR participation and our success means your success. Every domainer that does well furthers our cause to legitimize this business and inform the public on the importance and strategic advantage of having a great Canadian domain name.

Enjoy the last gorgeous days of summer and I wish everyone success moving forward.

PS. I also took the time to reflect and remember those we have lost this year, may God bless their families and if they have any questions about domains please contact the members here on dn.ca for guidance.
 
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@MapleDots: Congratulations on the acquisition! To celebrate this, why don’t we register fiveyearjourney(dot)ca? 🤭

But in all honesty, thank you for gathering the Canadian domainers and enthusiasts, and leading the initiative in promoting the .ca market. 👍🏼

You are a great domainer and an even greater person!
 

rlm

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Congrats. Are we allowed to guess the domain?
 

Eby

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Congratulations on the purchase. Great perseverance.
 

domains

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@MapleDots what changed in the 5 years since you first inquired about that domain? Did the seller just come down in price, or were not wanting to sell originally?

If it was a price issue, how much of a discount is it worth waiting the 5 years for, versus just buying the domain and being able to own it the past 5 years instead?
 

MapleDots

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@MapleDots what changed in the 5 years since you first inquired about that domain? Did the seller just come down in price, or were not wanting to sell originally?

If it was a price issue, how much of a discount is it worth waiting the 5 years for, versus just buying the domain and being able to own it the past 5 years instead?

The trick to buying domains is to let the owner know you're interested but not to show you really want it.

I have a few key negotiating tactics and you can ask anyone that sells domains to me, it is not unusual for the negotiations to take 1-2 years. That sounds like a lot but people have different things that happen in their personal lives and if you hit it at the right moment you can often come out with a relative bargain.
 

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I'd think once you come back after the initial inquiry after some time, they must know you are more than interested.

Though you're right, if you wait long enough with most domainers, there will likely come a time that the offer they passed up starts looking a lot better. You often hear domainers regret not selling a domain one, two, three etc years ago because no one else has come along. I have a few of those for sure!
 

Eby

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Unfortunately I can't say any more because I have an end user in mind for the domain.
I will say...
It was a one word .com and I paid over 200k USD for it.
Wow.. that's some serious change. I hope you can get a 10X on it. Rooting for you on that.
 
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I'm guessing we won't see this reported in DNJournal, unless the next time it sells 🙂

So in general if you're buying a name for $200k, what kind of return would you want and in what time period?

Do you expect to contact the company or wait to hear from them?

If the end user in mind doesn't pan out, is it still worth the purchase?
 
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