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Sevan Derderian to lead new Above.com domain brokerage

by — Domain Sales 1 Comment

New service will be integrated with Above’s domain management system.

Above.com, a domain monetization and sales platform for domain name investors, announced today that it’s getting into the domain brokerage business. The new service will be led by Sevan Derderian.

Derderian was previously director of sales for Uniregistry’s registrar business. He also worked for Thought Convergence and Oversee.net.

While you might be rolling your eyes at the idea of yet another domain name broker. Above.com promises that this broker service is “not just another ordinary brokerage service.” Above.com President David Warmuz stated:

Our Brokerage Service will hit the ground running by utilizing powerful features included in our existing Marketplace platform. For example, clients will have access to dashboards that streamline the tracking and management of offers, bids, auctions, and prices. We also offer customized For Sale pages and fast domain transfers.

It might not be ordinary, but it also doesn’t sound extaordinary. I’ll change that judgment if it pushes through significantly more sales than other brokerages.

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How James Booth went from zero to $5 million in 6 months – DNW Podcast #94

by — Podcasts 5 Comments

James Booth sold $5 million in domain names within six months of opening his brokerage firm.

James Booth had a bit of an “in” when he got into the domain name business. His brother Andy Booth is a very successful domain name investor. Still, James’ early success brokering domains has been phenomenal: about $5 million in domains in the past six months. Based in the Philippines, he’s had lots of success selling to the Chinese. On today’s program he discusses what’s happened to the value of two and three letter domains and where he thinks the market is headed. He also tells the scary story of almost buying a stolen domain name, and we discuss some of the due diligence you should do before buying a domain name. Also: Pokemon Go craze, lawsuit injustice and Tesla.

Podcast: Play in new window | Download (Duration: 31:44 — 25.4MB) | Embed

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Subscribe via iTunes to listen to the Domain Name Wire podcast on your iPhone or iPad, view on Google Play Music, or click play below or download to begin listening. (Listen to previous podcasts here.)

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“Ultra Premium” Domain Names with Ryan Colby – DNW Podcast #56

by — Podcasts 2 Comments

The value of one word .com domain names.

Domain Name Wire podcastWhat’s happening to the value of great one word .com domain names? Today’s guest, Ryan Colby, helps connect buyers and sellers of these valuable domain names for Outcome Brokerage. He discusses how the market is changing and what startups are looking for these days when it comes to buying domain names.

Also: .Com is growing, WI.com saved and Australian expired domain name bidding scandal.

Subscribe via iTunes to listen to the Domain Name Wire podcast on your iPhone or iPad, or click play below or download to begin listening. (Listen to previous podcasts here.)

Podcast: Play in new window | Download (Duration: 31:55 — 25.6MB) | Embed

Subscribe: Apple Podcasts | Android | Email | RSS

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Domain Holdings reports $3.4M domain name sales in Q1

by — Domain Sales 1 Comment

Company releases sales data for first time ever.

Domain HoldingsDomain name broker Domain Holdings has released statistics about its sales for the first time ever. The company plans to release data every quarter going forward.

While not disclosing specific sale prices, the company reported aggregate numbers.

The company says it sold $3,381,634 worth of domain names last quarter. The average price per sale was $36,756.89. While averages can be misleading, this does help generate another useful statistic: the company sold 92 domain names last quarter, or about one a day.

According to the report, the company did this in part by sending 60,000 emails and making 10,000 phone calls.

The report also notes that half of the sales were to U.S. buyers and about one-third were sold to people in China. Three-quarters of sales were to end users.

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If a lead comes through a broker, you should pay the broker

by — Domain Sales 9 Comments

Give credit where credit is due.

Yesterday I got an email from someone interested in one of my domains.

“I found your domain on BuyDomains,” he stated.

But he thought the price I listed on BuyDomains (via Afternic) was too high and wanted to negotiate. Rather than call BuyDomains to negotiate he emailed me directly.

We worked out a price, and then I changed the price at BuyDomains to what we negotiated and told him to buy it through them.

It could be tempting in this situation to circumvent the marketplace to save on commission. But that would be unethical.

The buyer clearly stated that he found my domain on BuyDomains. So the marketplace is responsible for him contacting me. It should be part of the transaction. The same goes for a case in which a broker brings in a lead for you.

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