I had a few emails back and forth with a guy yesterday who had a problem, and I told him he had a problem. His problem was he was too afraid to sell his domains because he was fearful he’d be leaving a ton of money on the table. He sees these huge domain sales over the past (Meet.me for $450k, Candy for $3M + equity, etc…) that are frequently referenced in domain blogs and he uses that to justify that his domains are always worth more then the offers coming in, and not just a little bit more, but significantly more. He analyzes historical sales, search trends, etc… and he comes down with a case of analysis paralysis. I’m not telling him to cave and accept the offers he gets, but if he is unwilling to negotiate then all his capital will be hung up on his personal balance sheet in the form of domain assets and his income statement will be completely blank. You don’t make money that way. If you make 100% return on a stock trade you are extremely happy, why not be happy with 100% return on a domain flip? Each domain name is unique and every instance is unique, but you’ll never make any money in domaining if you don’t sell.
Here’s something I learned… you know how people buy domains and try to capture traffic for people who forget to type the dot (meaning wwwbaseball.com as an example). Well all those good ones are taken. But I thought I’d be clever and buy a few that were like this wwwlbaseball.com (for the people who type “l” instead of the period). I got some good ones for generic terms that are high volume sites. Yeah, you barely get any type in traffic. It was a $50 lesson. You get it for free.
Here is today’s list…
My Top 5 Picks
chubbies.com – who giggled when they read it? You know who you are.
flashdating.com – you can revolutionize the dating world if you create a clever site on this domain.
trainmypuppy.com – sounds like a cute hot selling book for new dog owners.
londonwebdesigner.com – if you’re a web designer and you’re in London this the domain for you.
addurl.com – good name for a site that offers free indexing services.
My 5 Picks with Less Than 10 Bidders
majoraccounts.com – these are always appreciated more than minor accounts, ask any ad executive.
visitgod.com – good domain name for a religious person to start a site on.
partydistrict.com – lots of uses for this one, I’m thinking a store or chain that sells party supplies.
rufflebikini.com – these are hot (on the right person that is).
paintballinc.com – sounds official, great brand name for a paintball related company.
My Darkhorse Pick (a domain I think you can snatch cheap and sell for over $1,000)
watchairfare.com – good name for a real time airfare price comparison site.