Call From A New Domain Investor
Today I woke up to an email from someone who had used the contact form on DallasTexasMortgage.com to ask me to call them to discuss acquiring the "site".
I had meetings scheduled throughout most of the day but when I made it back to the office I received a call from the person (persistent, I like that) and he starting asking for traffic stats, etc. After discussing the stats, click values from Adsense and overall metrics that would add some value to the domain I asked a bit about him.
I thought this next bit was interesting, he just started in domaining (coming from the real estate world) and really did not have much background to understand all the details of why names would be valued at various prices (I price very fairly but still a bit out of his range) but after talking a bit further I figured out real quick that he had never even been to any of the domaining news sites and was not familiar with Domaining.com (which as much as that may seem like a strange way to determine knowledge most anyone that spends anytime researching should realize quick Domaining.com is the place to get info from).
I had him head to the site and learn a bit from other domaining blogs, etc. Admittedly there are other places I could of sent him but without spending a lot more time I thought it made sense to send him to the place where he could expect to find news and information from across the industry.
As long as I have been around this domain world and as of late been hearing of so many people getting out of it I still enjoy every story of a new person trying to make a go of it.
NOTE: It is possible that he was not really new but was trying to negotiate, but after the initial negotiation attempt there was no reason to act like he was.
http://www.igoldrush.com also has good beginner info.
Very cool, thanks Tia!
Was he a real estate broker from the Dallas area?
He said he had been in real estate in the Dallas area.
Real estate brokers can receive a commission that numbers in the four digits for any lead that converts into an actual sale for a mortgage broker. At least that is the case up in my area. Don’t know what you are asking for your site (feel free to pm me if you like) but whatever the price might be, they can easily recoup their investment by converting a few leads.
Peter,
Thanks, and yeah I told him directly that the amount of traffic from type-ins alone is worth its weight in gold since it is so targeted. His offer was much lower than the value of the actual domain…. He was talking about monetizing with adsense…..
Thanks for the tip, much much appreciated.
Bruce
My pleasure.
All the best in 2010 to you and yours.
I will be bugging you at some point in the future.
best regards,
peter
Thanks much, I look forward to connecting!
Domaining.com is probably the best catch-all site to send a new domainer to, and I think the follow-up piece of advice should be to read all of sevenmile.com, including the comments
GS
Bruce……not to change the subject, but you say many domainers are getting out of the biz?
I had not heard that, but then again I live under a rock and only get my info. off of these boards for the most part.
Is there really that many domainers leaving the business? Is the industry falling apart, or just readjusting?
I had been wondering about the amount of people sticking with it or leaving.
I think alot of it is readjusting, most of the people I hear saying that are people that spent thousands buying lots of nonsense names that are getting out because there was no plan to make money. So they are leaving the industry but in reality they never had a plan to be successful in it.
I have no numbers, but as the economy went down extra money to spend on items not making money caused a lot of people to re-evaluate if they were in it as a hobby or a business.
I want out, but just can’t quite get there!
There is a lot of info to take in as a new domain name owner.
DNJournal is also a good website to get the best info