Summer Doldrums & Winter Blues (1.Viewing)

I am heading out to Myrtle Beach south Carolina this morning, taking two days to drive down and overnighting in Virginia.

I will be back August 15th so I will probably be online sporadically mornings or late evenings depending on where I am.

I have good memories from South Carolina, other than the cop that gave me a ticket and kept asking me for $350 bucks in cash. I never did pay that ticket, was in 2005 so if I don't come back they arrested me.

domains said:

There are some that think this will be the case, but it's hard for me to see that as the most likely outcome.

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domains said:

I guess you can't share the full details, but anything you can reveal about the industry, was it for a start-up, or a foreign brand getting their .ca in Canada, etc? Easy or long negotiation? also Congrats!

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Well I'm back from 2 weeks working the wildfires. I've got some catching up to do.

Thanks, here are the generic details:

Easy negotiation, I set the price at $60k CAD + tax, he asked for a discount, I said no but I can do a payment plan, he said deal.

Interestingly, I had a $20K USD offer on it via Dan from someone else in April. I countered at $25K USD and they didn't accept. Thankfully I didn't sell it then. This time I just decided to basically double my price but offer a payment plan and it sold.

It was to a Canadian company in the insurance industry.

Seems to be for a new brand.

I sold the same guy another domain previously for low five figures 18 months prior. Apparently that was working out well too.

I also just verbally agreed to another sale for $12K+tax on a very mediocre LLL I bought for around $200 a couple years ago, the only inquiry this domain has ever had. I'm sending them the invoice this morning, hopefully they follow through, but it seems legit.

MapleDots said:

I have good memories from South Carolina, other than the cop that gave me a ticket and kept asking me for $350 bucks in cash. I never did pay that ticket, was in 2005 so if I don't come back they arrested me.

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Who inherits the forum?

DomainRecap said:

As of 12AM, you can also add me to that club. Sure, a few people have gotten that "random sale" to spice things up, but overall it's not a vibrant market right now.

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I feel like domain sales have always been "that random sale", good times or bad. If you sell cheap, yes, liquidity goes up and sales come in more steadily but at what I feel is the loss of a lot of revenue over time. My sales are never really consistent. If your sales are consistent, it's probably because you're selling too cheap!

rlm said:

If your sales are consistent, it's probably because you're selling too cheap!

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I already know that, but I like the wheeling and dealing part of the industry far more than eking out every last penny.

That's why I get so ticked when these nimrods call me out on pricing - I need to send them over to you and Samer for a quick lesson.

rlm said:

Well I'm back from 2 weeks working the wildfires. I've got some catching up to do.

Thanks, here are the generic details:

Easy negotiation, I set the price at $60k CAD + tax, he asked for a discount, I said no but I can do a payment plan, he said deal.

Interestingly, I had a $20K USD offer on it via Dan from someone else in April. I countered at $25K USD and they didn't accept. Thankfully I didn't sell it then. This time I just decided to basically double my price but offer a payment plan and it sold.

It was to a Canadian company in the insurance industry.

Seems to be for a new brand.

I sold the same guy another domain previously for low five figures 18 months prior. Apparently that was working out well too.

I also just verbally agreed to another sale for $12K+tax on a very mediocre LLL I bought for around $200 a couple years ago, the only inquiry this domain has ever had. I'm sending them the invoice this morning, hopefully they follow through, but it seems legit.

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great details there, thanks for sharing. it's nice to know there are buyers out there who don't get sticker price shock!

That Cranbrook fire is probably still going I'm guessing? I drove by the Osoyoos fire on the weekend and could see a lot of smoke coming off the hills. Luckily there are no fires near my town, but there are quite a few southern BC towns with nearby large fires - Cranbrook, Osoyoos, Kamloops, Invermere, Sparwood, Lillooet, not to mention all the big fires in the center and Northeast of the province.

domains said:

great details there, thanks for sharing. it's nice to know there are buyers out there who don't get sticker price shock!

That Cranbrook fire is probably still going I'm guessing? I drove by the Osoyoos fire on the weekend and could see a lot of smoke coming off the hills. Luckily there are no fires near my town, but there are quite a few southern BC towns with nearby large fires - Cranbrook, Osoyoos, Kamloops, Invermere, Sparwood, Lillooet, not to mention all the big fires in the center and Northeast of the province.

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Cranbrook is now considered under control and they're just mopping up. They released all of the structure protection resources to bump over to the Sparwood fire where the Teck Coal mine ships something like $27M in coal out of Sparwood every day - so they can't afford any slowdown of operations that might affect the town and Teck employees that live there. That valley has 4 coal mines - high quality coal for steel making. Beautiful valley actually, despite the coal mines, but Teck seems to be the main employer there and every other business is there just to support those employees. I just have to wonder what the environmental impact is like. I hear that Teck periodically pays to powerwash the town due to coal dust in the air when winds shift. I also hear they happily pay fines in the tens of millions every year to the BC gov't since its cheaper to just pay the fines than fix the water pollution problem they're causing. One day's revenue to just pay the yearly fines. Cost of doing business. I don't know the whole story or what's true or not, but that's what I was hearing, and wouldn't surprise me either.

And speaking of Teck Coal - they own Teck.com. I wonder what they paid for it, but making $27M per day for just one of their many operations, I guess they could afford anything.

domains said:

great details there, thanks for sharing. it's nice to know there are buyers out there who don't get sticker price shock!

That Cranbrook fire is probably still going I'm guessing? I drove by the Osoyoos fire on the weekend and could see a lot of smoke coming off the hills. Luckily there are no fires near my town, but there are quite a few southern BC towns with nearby large fires - Cranbrook, Osoyoos, Kamloops, Invermere, Sparwood, Lillooet, not to mention all the big fires in the center and Northeast of the province.

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BTW - if you get the chance, stop at Ella's in Cranbrook - a jamaican restaurant that was truly fantastic. All of our guys were saying it was the best meal they've had anywhere in years. Some amazingly crispy chicken that was still very juicy on the inside and seasoned great. All their dishes were great, we ate there a couple times and when we tried going anywhere else, we were like "damn, we should have went to Ella's again"

Want to here an example of my recent luck?

I just got a nice offer on a domain, but when I looked it up I realized I'd already sold it but for some reason had forgotten to delete it from one of my sales venues, and get this... the offer was more than I sold it for.

I'm definitely the President and CEO of the Loser of the Month Club.

And I can't even spell hear right.

Is there no end?

It seems slower for sure but like usual my .com domains are getting way more inquiries than my .ca.

theinvestor said:

It seems slower for sure but like usual my .com domains are getting way more inquiries than my .ca.

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Summer is usually a bit slower, but like I said, I'm getting inquiries but they're all from domain hobos.

theinvestor said:

It seems slower for sure but like usual my .com domains are getting way more inquiries than my .ca.

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Sold a matching set of MapleDomains couple of months back

The .com fetched 24k with the matching .ca bringing in 7k

The comparable sale I had last year I received 25k but I threw in the .ca for free.

Now the AMAZING part of all of this.... I have such a database on maples that I can almost predict what companies using the word Maple are going to do. Both the matching .com and .ca Maples I just sold were hand registrations from the last 6 months.

I will drop a big hint for newer members...

Keep a database on companies that have 3 word domains and grab two word domains if you can. I am currently in Myrtle beach and I registered 19 two word domains looking at successful businesses that run on 3 word domains. My son and I play a game in the car calling out names while we drive and he looks them up. When we score the domains get registered that same evening.

PS. Another hint to newer members, register the singular if they own the plural or the other way around. The odds of a hit a pretty decent there too.

MapleDots said:

PS. Another hint to newer members, register the singular if they own the plural or the other way around. The odds of a hit a pretty decent there too.

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Isn't that asking for a potential dispute?

FM said:

Isn't that asking for a potential dispute?

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That's where experience comes in, there is a fine line of understanding your craft or just going with blind registrations.

FM said:

Isn't that asking for a potential dispute?

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I think that depends on if the words in the domain are a trademark or generic, which someone who has been domaining for a number of years should be able to tell.

domains said:

I think that depends on if the words in the domain are a trademark or generic, which someone who has been domaining for a number of years should be able to tell.

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True, of course - but when giving this as advice to new members, then that part must be mentioned as well

DomainRecap said:

Want to here an example of my recent luck?

I just got a nice offer on a domain, but when I looked it up I realized I'd already sold it but for some reason had forgotten to delete it from one of my sales venues, and get this... the offer was more than I sold it for.

I'm definitely the President and CEO of the Loser of the Month Club.

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Not the same but reminds me of the time I had a domain inquiry for a domain I didn't own and had never owned. I just told the guy it was available to register. calgarycoffee.ca

As summer is nearly over, will be interesting to see if domain sales/inquiries start picking up in September. July/August have been crickets for me.