Simple.co.uk sells for $35,000

[Admin]

(And why hasn't this forum got a spell checker?)

It does:
http://www.acorndomains.co.uk/forum-news/2514-forum-spell-checker.html

 

[FC Domains]

It does:
http://www.acorndomains.co.uk/forum-news/2514-forum-spell-checker.html

I'm possibly being thick and off-topic, but I can't see a button. Also I'm not keen on yet another download on my PC. Why don't you just run a spell checker on the server?

Back on-topic I like aqls' fantasy tale. For a start divide all the numbers by at least 20 and that's for a really good domain.

 

[Edwin]

aqls has skewered the process exactly, and it works too!

 

[aqls]

I forgot to mention that you may have to wait 8 or 9 years.

A bit like fishing!


-aqls-

 

[michaeltoth]

Upon seeing a large value sale, £20,000 for a uk sale. It makes me wonder what they started the counter offer at, do you reckon it was £20,000 all the way or they started at £50,000?

I usually state a price i want and never usually negotiate.

 

[olebean]

With all respect to you Michael but anyone could suggest what you have in an attempt to set themselves up for a tidy slice of saleable generic domains.

I am not for one minute suggesting you are dishonest. Even you can see if you read you statements they do seem a tad odd....

 

[netpreference]

Hey Michael! Good to see you on the board...

I've known Michael for a few years and have great respect for him with regard to Domains... even if he is a northerner

Dean

 

[SF]

Ha Ha whats wrong with us northerners oooohhh arrrrreee

 

[aqls]

5, I get 100's of offers so can tell the crap, from the dishonest, to the real thing (most of the time)

With all respect to you Michael but anyone could suggest what you have in an attempt to set themselves up for a tidy slice of saleable generic domains.

The easy sale is when someone approaches you with a real desire to buy a particularly good name.

The negotiation is then primarily a matter of process in closing the deal at a decent price.

The value of a good salesman is that he/she can get good prices on the domains that aren't quite so obvious.

Either by making more people aware of the name and its benefits or by actively fitting in a name into someone's existing project plan.

The latter is value that is worth every penny, the former, well most of us could do that pretty easily I imagine.

-aqls-

 

[michaeltoth]

We all have to make a living

Olebean said "With all respect to you Michael but anyone could suggest what you have in an attempt to set themselves up for a tidy slice of saleable generic domains."

I agree with him/her - I am but only because I think I can negotiate better deals with prospective purchasers than other larger coporations. And it is a more personal service. Honesty in this game can only be proven by speaking to what others think of me..

Hi Dean - thanks for the support - be it from a southerner though

I genuinely want to help others sell for more money as this increases the value of my potfolio, it also gives me a secondary income to put my kids through private school. ;-)

 

[michaeltoth]

The easy sale is when someone approaches you with a real desire to buy a particularly good name.

The negotiation is then primarily a matter of process in closing the deal at a decent price.

The value of a good salesman is that he/she can get good prices on the domains that aren't quite so obvious.

Either by making more people aware of the name and its benefits or by actively fitting in a name into someone's existing project plan.

The latter is value that is worth every penny, the former, well most of us could do that pretty easily I imagine.

-aqls-

I agree with only some of it. But also when you are approached to sell a name one also has to know what price to start at and how to start the negotiations because if one screws up at this stage it can mean the loss of 1000's of pounds. So its not so simple.co.uk. This domain names was a prime example - lots of trade marks - threatening letters - low initial bid - Great outcome. I Think the deal was negotiated well and there was a great outcome. Sedo came with the first deal then I prepared my reply. I think most people would have given it away (not all as some i know would fight it). Even a simple sale could loose you money if you get the initial response wrong.

Regards Michael

 

[aqls]

I think earth.co.uk was also a case in point of the guy undervaluing it by one and a half noughts.

-aqls-

 

[michaeltoth]

I think earth.co.uk was also a case in point of the guy undervaluing it by one and a half noughts.

-aqls-

What did earth.co.uk go for

 

[aqls]

£4.5k

earth.comsold for $800,000

There is a thread about it somewhere on this forum.


-aqls-

 

[olebean]

Michael

Ball park figures.

$35k coverted £20K less costs, tax etc etc leaving probably £15K - £16K potential achieveable revenue with all the new free publicity surrounding the sale will have increased that potential further...

PPC income prior to the sale should top 200-300 per month

If that is the case I believe it was under valued by between £15k - £20k.

If income was 100 per month then the price was spot on

 

[retired_member26]

The art of a good sale is not the sell but the delivery.

Remember the guy who tried to sell an iceberg to the Arabs, great idea, and cheap water.
They forgot they own most of the oil of the world so it didn't matter how much desalinized water cost because once the plant was built desalinized water was relatively free.
The same goes for domain names, I have found I have a knack for getting the right name to the right solution. Sometimes by chance. But that is where the real deals begin. My style of negotiation is completely different than the big boys, and I loose a few but the gains are bigger.

I do not have all the answers but.

1, I was here at the beginning, and boy was it fertile.
2, I never disclose any information about me, my clients or my competitors.
3, I hope I am honest. Only the people I deal with can answer that.
4, I do not particularly like some of the ways people are drop catching - I have made one person dislike me because I spoke out about his dishonesty - AND HE KNOWS WHO I AM TAKING ABOUT. Again I will not tell.
4, I have only sold names at premium prices
5, I get 100's of offers so can tell the crap, from the dishonest, to the real thing (most of the time)
6, I NEVER usually talk on any forum, but listen.
7, Boy is there money to be made in this game.
8, I am totally self funded - no handouts, and was broke 8 years ago
9, I think I can do better than the likes of **** and ********, but to mention a few - you work it out. I don’t talk and I don't brag about what I have.
10, I do however listen to other people’s brags.
11, One mistake - (you know what it is) - that was me testing the limits. As you see I am open about my mistakes.


With all this in mind I think I can do a better job getting higher prices than the bigger boys, I have ideas as well as knowledge, but to keep this idea personnal I have to do it small time for individuals for large amount sales. This I would be willing to do but for a higher commission rate, probably 20%. Remember 90% of nothing or 80% of $35,000.00, you decide.

Like I said I usually never speak but I would like to hear from all you domain name holders on your thoughts. Please hand this out to everybody as it’s about time we all made a little more for our dream. Be it a villa in the Bahamas or a new car.

If groups of people pooled traffic and ideas rather than giving it to ok companies like sedo everyone would be a little richer. Plus if something was set up the likes of overture, google and miva would listen harder. I deal with all three

I have my ideas let me hear some of your thoughts.

Michael Toth - reclusenomore.co.uk - reg'ed it 1 minute ago lol

You are megaloman. POINT!

 

[retired_member26]

Talking of 'points', I thought http://www.acorndomains.co.uk/13364-post25.html was your last post on this forum? :razz: What changed in ~12 days?

Nothing changed. I just could not stand like you could not stand and come here to defend well-known TAG.

 

[DomainsUnlimited]

Hi Michael
Bet you wish you negotiated the £8million sale of sex.com!? Would you have negotiated a higher sale price had you been involved? As the annual revenue varies from different sources but I would have thought it wouldn't have been too bad on average of 200k UVs per day!