Buying and Selling Dot Com’s is a lot of fun and hard work. Finding an End User is the easy part from my experience! Selling the Domain Name is the hard part!
Often I find myself in a situation where an End User wants to keep the price of the domain name they just agreed to pay hidden from the world.
Non-Disclosure Agreements are not helping our industry in my opinion. If you just sold your domain name for a reasonable price then you need to push the Buyer to agree to a Limited-Non-Disclosure agreement in my opinion.
What do I mean by Limited-Non-Disclosure Agreement? Limit the non-disclosure agreement to 1 to 12 months. 60-90 days is a fair timeframe and what I recommend for all Domain Name Brokers to PITCH when they succeed in selling a Dot Com for a Price that will boost our industries image and credibility!
Why keep Dot Com Sales hidden from the public?
The Non-Believers cry out loud that Dot Com is dead! They’ve gone as far as introducing dozens of new gTlds! Why are we helping them?
It’s crucial that our industry pushes for Limited-Non-Disclosure-Agreements if we want to push Dot Com Values in the right direction.
So the next time you sell a Dot Com for a good chunk of Greens! Get the Buyer to sign a Limited-Non-Disclosure Agreement and EXPOSE the PRICE for the PUBLIC RECORDS! And you’ll notice how quickly Dot Com Prices RISE!
Until my next Domain Name Investment Article, Happy Domaining!
Let’s see, Santa’s Army is almost done wrapping the gifts Santa’s going to deliver on Christmas and Dot Com will lead the market in Domain Name Sales in 2014 as it has every year and counting …and according to Santa, not only will 2014 be a prosperous year for Dot Com Investors but also a year to look back and laugh at how much money has been pumped into Dot Whatever over the last 13 years and none exceeded pass the Dot Com!
Let’s review from my experience what it’s like to be a follower in the world of Dot Whatever Domain Name Investments.
Not long ago, a group of Big Shots stepped up to the Domaining Microphone and spoke out loud. Within 6 months tens of thousands of Domain Name Investors like me pumped money into what we believed at the time was the next Dot Com Rush! Aw! How naïve I was!
Believe me, I had everything planned out! I was going to flip my Dot Whatever Domain Names in 10 years or so for Millions of Dollars. Unfortunately, within 2 years all the Big Auction Participants who participated in Generic Dot Whatever Domain Name Auctions went silent overnight and lost tens of thousands of dollars while the rest of us lost millions of dollars as a Community.
Albert Camus said “Life is a sum of all your choices!”.
Go ahead and sum up all the Dot Whatever Domain Name Sales of all time and you’ll find out like I did that only Dot Com is leading the race by a margin that will never lose momentum!
Until my next Domain Name Investment Article, Happy Domaning!