Yes its true.
Yesterday before noon I had already turned down offers on 4 domains totaling just short of $500,000.
The first domain was easy for me.
VisitTurkey.com. I told the buyer I had just sold visitberlin.com for $230K and visitstockholm.com for $70K.
The official tourism site for Turkey is goturkey.com, which I told the person making the offer, in the US GoTurkey.com, seems to be more of an ad for eating turkeys rather than visiting Turkey.
As the sale of domains sets up price comparisons for other similar domains and I own a lot of visit………com domains, there was no way I was going to let this one go for $250K.
I then rejected an offer for $100K on motorcyclehelmets.com and domain I rejected a $75,000 offer a while back on.
I rejected an offer of $120K on weddingalbums.com, a domain which I have had a lot of interest in over the years.
With 90,000 global searches and a PPC price of $1.65 per, the domain is worth over $250K in my opinion.
The last names which I’m still going back and forth on we will keep quite about for a little while, but you can track all of our activity, including offers in excess of $10K which we reject on our corporate site, wwmi.com (Worldwide Media, Inc.)
Domaining is a real life continuous version of Deal or No Deal.
You remember the show hosted by Howie Mandel that was all the rage a few years ago.
People would be offered an amount of money which they could take or shoot for a higher amount.
As amounts or strikes were revealed in briefcases the offer would rise or fall or the player was eliminated.
Everybody liked to watch so they could second guess the player,”
“I would have taken the last offer” or “I would have kept going” usually we’re the viewers reaction and of course the viewers reaction would change depending on the amount being offered and the possibilities that were left.
After a couple of season viewers seem to get tired of the same old second guessing game and changed the channel and the show was pulled off of prime time.
Like Deal or No Deal, domainers get offers.
When we receive an offer we have 4 choices.
Accept
Decline
Counter
Ignore it.
If we accept it, we never know what would have happened if we said no.
I have had a ton of offers I have said no to, that came back around with a higher price down the line.
I have also rejected offers never to get another offer on the domain.
Sometimes you accept an offer too quickly and the buyer disappears thinking that he offered too much, too good of an offer.
Some chose to ignore offers unless they are say six figures one’s to begin with thinking that they buyer will basically keep increasing his offer and outbidding himself if he really wants the domain.
Like viewers of the show, other domainers reading this will say “Berkens is crazy for turning down one or more of these offers” or “I would have taken it”
Yup domaining to a large part is like deal or no deal.
And like the game, by late afternoon after seeing cardoo.com sell for $110K on Afternic, outreach.org sell for $90K on Namejet.com and Sedo.com sell Defiance.com for $90K, I felt better about passing on the offers.
For Now.
Tony says
Thanks for this post.
The insight is very educational to say the least.
Wallace says
If i were you, i won’t reject the amount $230K , it’s not a small deal honestly.
Who know whether you will get another offer from others.
MHB says
Wallace
I accepted the $230K offer a few months back but rejected the $250K offer yesterday.
“”Like viewers of the show, other domainers reading this will say “Berkens is crazy for turning down one or more of these offers” or “I would have taken it”””
Tony says
Mike
The only thing I don’t understand about megadomainers such as yourself is why have you guys dialed down the flipping mode and replaced it with a wait for the best offer mentality? I mean I saw you in the RentalTrucks.com auction at Snapnames and wondered why you weren’t even in the bidding as it ended for $8K. The only reason it went for $8K was my proxibid was outbid while I was with a patient. It seems you can still sell a bunch of domains for $100+K and still get a bunch more of similar quality for $10K or less these days. Just don’t need the cashflow or the time?
todaro says
ah! .. it’s a profit deal.
MHB says
Tony
I have never been a flipper.
I don’t buy a domain with the thought of quickly selling it for a profit, nothing wrong with it, but its not my thing.
I’m not a day trader.
Rentaltrucks.com just wasn’t turned on by the domain.
Liked it, but I like literally 100’s of domains a week, can’t buy them all
Dean says
I understand the logic and your stance. Most of us would be happy to make one or two 200k deals a year, than again most of us do not own 50, 000 domains and get those kinds of offers. I own several hundred domains and while my door is not being beaten down with offers, there are
certain domains that I will never budge on in terms of price.
Halvarez says
One overpriced sale is being used to justify another. That is the trouble with looking at reported sales. Fair price is determined not by the highest but by second highest bidder (or at least, it is in every other industry).
All those domains are being sold to tourist boards. Take them out of the equation and the visit domains don’t fetch anything like the same prices.
MyAdCenter.com + MyAdCenter.info on SEDO says
all domains on mostwanteddomains.com are your property?
do you sell also domains owned by other domainers on that site?
if yes, how much is the listing costs and the fee on domains sold?
MHB says
My Ad Center
99.9% of the domains listed on mostwanteddomains.com are owned by us.
We have accepted a very select amount of domains for brokerage but we are quite picky.
We charge 20%
MyAdCenter.com + MyAdCenter.info on SEDO says
thanks MHB
just as opinion … what do you think about the domains I own?’
Louise says
That was really interesting! I was audience on Deal or No Deal – it had you on the edge of your seat! One confident guy from Boston ran into the audience shaking everybody’s hand, but after he turned down some $600,000, the game turned on him, but he still walked away with some $400,000. Also, one guy left with a pumpkin pie – they didn’t air that one.
Separate question: You know I’m suspicious but also have a healthy skeptism: do you think it’s possible big $$ is “gaming” auction results, much like brokers on the floor might collaborate to “run up” the market before closing, or to run it down, to take out people who set their buy or sell signals and consolidate profits before they let the market go its natural path? Is it possible? There seems to be “gaming” going on in more subtle ways . . . Could it be Registrars are buying, selling and trading domains back and forth to sizzle the market? Even you are surprised at these numbers.
MHB says
Louise
I think we will see the cardoo.com was a end user buyer that will make sense once ownership is changed.
The namejet.com auction results are quite surprising but there were three bidders.
defiance.com, there are a lot of companies and organizations using that as part of their name.
I think what you are seeing are end users coming into the market that NEED a certain domain.
When someone NEEDS a domain its a whole different ballgame than just speculators and investors
don says
Ok, I will bite on the 2nd guessing bandwagon
At 250k for visitturkey.com I would have pulled the trigger, the search volume is very close to visitberlin, higher global, lower local and it seems that while these have done well for you in resale you are also targeting a small market for potential end users
the product domains are easier to see from your perspective
TLD says
You are in a good position and are fortunate to be able to turn down offers that most others would accept. I think this is why most big sales are made by the big domainers, because they don’t need the money and can wait (and the fact that they have such huge portfolios also). For most people, they could have bought a mini-mansion by selling those domains (and a Dodge Viper on the side). Good luck with the domains, will be interested to see if the offering parties come back with higher offers.
RJ says
I agree Michael. I rejected a $25,000 offer on VisitNYC.com last week. This one is worth at least $250,000. I can imagine this being worth $1-2mm easily on Hotel commissions alone if developed. NYCVisit.com was used by the NYC government tourist development company and now redirects to NYCGo.com. GoNYC.com is aslo taken.
MHB says
RJ
There will also be a .nyc in place by 2012 and visit.nyc will be a valuable one making your visitnyc.com worth even more
Joe says
Mike, while I perfectly agree with you on the other domains, I personally don’t think that declining a $250,000 offer for VisitTurkey.com was worth it. IMO there could be room for an additional $50K, but not more than that.
My 2c
MyAdCenter.com + MyAdCenter.info on SEDO says
“because they don’t need the money and can wait”
there is no need to be a “big domainer” to wait the right price
I own just over 100 domains but I believe that many of them are very good and valuable, so, I’ll never cut the prices I ask for them, but, more probably, I’ll increase some prices after sold some of them 🙂
MHB says
Joe
I own a lot of other visit….com country domains and declining that offer was much as about not devaluing those.
Louise says
One more thing: the more I think about what prime real estate for retail space goes for in Beverly Hills premium domain prices are still reasonable, so what @ MHB is asking is not too much for his premiums . . . There is one episode of Million Dollar Listing where a corner retail space in Beverly Hills which wasn’t even ideal or smack in the middle of Rodeo Drive went for mid five figures PER MONTH. A multiple of five of that for a great domain like MotorcycleHelmets is cheap by comparison.
Stan says
It’s all just a numbers game …do the total sum of the new offers that come back after you reject the first offer equal more than all the lost sales from the one’s you never hear from again (granted you still own the asset) …that’s one calculation.
The other major calculation is 250k in the hand now and reinvested in today’s buyers market with other domains may be a better ROI than holding on and holding out for a little bit more in one or two years time potentially.
Brad says
$250K for VisitTurkey.com is an amazing offer. The term has 2400 global exacts, 390 local exacts. The Alexa traffic rank is only 14M.
That is an very good offer price for a brand domain with limited direct navigation.
How many VisitGeo.com domains have sold for more, or even near there?
Brad
MHB says
Brad
Visitberlin $230K
visitflorida.com $186K
Brad says
@Stan
“The other major calculation is 250k in the hand now and reinvested in today’s buyers market with other domains may be a better ROI than holding on and holding out for a little bit more in one or two years time potentially.”
Exactly. Many of the big time domainers got in early, and their business model would not work as well entering the game today.
I am a middle class domainer who sells domains daily to end users. I operate in a price range where 95% of the buyers are.
Most domainers are just not in the position to reject strong end user offers. You are selling a domain for an end user price, then reinvesting @ reseller prices. It makes more sense than trying to squeeze an extra bit out on a domain name.
Brad
MHB says
Stan
“”do the total sum of the new offers that come back after you reject the first offer equal more than all the lost sales from the one’s you never hear from again””
Answer to your question is I will never will know.
Never is a long time.
MyAdCenter.com + MyAdCenter.info on SEDO says
according to wikipedia [ en.wikipedia.org/wiki/Tourism_in_Turkey#Tourism_statistics ] over 28,000,000 tourists have visted Turkey in 2010
MHB says
Brad
I’m tired of the
“‘big time domainers got in early, and their business model would not work as well entering the game today.”
Its bullshit
Motorcyclehelmets.com I bought a year and a half ago for $35K at a TRAFFIC auction where it was up for grabs by anyone.
MyAdCenter.com + MyAdCenter.info on SEDO says
6 million tourists visit Berlin every year and 40 million Florida
Brad says
@ MHB
I don’t think taking two isolated sales, on the highest end is a comp value. If you look at other VisitGeo.com sales there have been countless quality ones sold for 1/10th of 1/100th of that.
VisitHouston.com – $25,175 (March 2011)
VisitOrlando.com – $13,000 (August 2007)
VisitNYC.com – $10,100 (Dec 2010)
VisitAthens.com – $9039 (October 2008)
VisitColorado.com – $4300 (Jan 2011)
VisitDenver.com – $3200 (April 2007)
VisitBolivia.com – $3000 (Fen 2010)
Brad
Brad says
@ MHB
I am sorry but it is the truth. You also deleted “Many”. I never said you, it was a general point.
Most big time domainers are in a position to reject offers like that because of what they did early on, not later.
Brad
chris says
Mike
You are one HELL of a business man – best of luck with your domain sales
James says
Mike, I think you did right in declining that offer. Sure, it may not get many exact searches etc., but VisitTurkey.com is the best name for any Turkish tourism site IMO (apart from Turkey.com).
I wouldn’t be surprised if the company that sent you the initial offer came back with a much improved offer – $300-400k.
If I was in the position to decline big offers, I’d do exactly that – maybe in a couple of years!
Louise says
@ MHB, thanx for answering my question so comprehensively! My faith is restored that those domains in the news went to end users.
@ Brad, what about MotorcycleHelmets.com? It’s pretty category-defining. As noted above with the price of Beverly Hills retail rentals, prime domains are still going for cheap at six figures. What MHB and top domainers do by holding out for prices in line with their quality is raise the asking price for all of us!
Also, there is opportunity if future trend. Just now, just right now I hand-reg’d
WirelessMirroring dot com
David Williams says
Wow, wish I could say that I had experienced a day like that. I am more of a low priced flipper rather than a hold on until you get a huge price domainer. All the best to you though, you’ve obviously got some great names and experience in what you can get for them.
MyAdCenter.com + MyAdCenter.info on SEDO says
“the company that sent you the initial offer came back with a much improved offer – $300-400k ”
yes, that’s what could happen … if a company WANTS a thing then it BUYS this thing, no matter the price … often, before a domain buy (or the attempt to buy) already there is a project ready to start
Brad says
@ Louise
I think those product defining .COM domains have a realistic chance to sell for a lot more down the road.
Brad
Makis says
I do not understand why all these blogs exist at first place. I praise the existence of decent Domain news websites. However, I think it’s really boring to read about each domainer’s opinion on the same sale or whatsoever. Reading Mike’s post here made me feel good though. It seems the market is peeking up again and domain offers are getting serious. Accepting or not a good offer is simply up to the owner. The only fear that comes to the owner’s head is actually how many of those wealthy end users the world has for that specific domain? Well trust me, plenty. And that is the reason why every domain name is unique, priceless and precious. VisitTurkey.com is a great domain. Turkey is a country and not a city. And it has great value for money thinking that tourists don’t pay in Euros there, but also life is cheaper than Europe. I know many friends of mine who actually told me they will go to Turkey this year instead of Greece. The EUR=DOL is 1$ = 1.44EUR and at this rate, 6500EUR is 10,000$us. Why lose that 3500$? Egypt , Tunisia and Morocco are also preferred choices these days for the same reasons. There are top hotels such as Hilton, Four Seasons etc.. in all those countries at a fraction of the price, same level of luxury and good weather. So VisitTurkey.com is a keeper. Good luck with future sales Mike!
Rich says
Mike@
Thanks for sharing this information with us,It gives me hope that this domaining business works and that it only takes time and the right client.
Jamie says
Congrats on the offers Mike! Do you find that most are come in from Whois, on MWD, Sedo, Afternic, what’s on the domain etc?
I think most that I get are from people visiting the domain name directly.
Gazzip says
“”Like viewers of the show, other domainers reading this will say “Berkens is crazy for turning down one or more of these offers” or “I would have taken it”””
..or they might say that boy Berkens sure got da BIG BALLS and de GREAT DOMAINS 🙂
Seriously, I don’t blame you turning down the offers on VisitTurkey.com and MotorcycleHelmets.com.
VisitTurkey.com is a far better Brand name than GoTurkey.com….both call-to-action but not in the same league IMO
…GoTurkey is’nt that the same thing a junkie does when he stops getting his drug fix 😉
Congrats…keep those prices going up and oneday this newbie might get a huge sale coming my way 🙂
Domaining365.com says
The 4 choices are indeed universal, even if most domainers don’t get offers with as many zeros on the end.
TLD says
“Motorcyclehelmets.com I bought a year and a half ago for $35K at a TRAFFIC auction where it was up for grabs by anyone.”
I think this shows that you have good understanding of value in domains since you got a $100k offer on this… but to be fair, the average person (even if they had the same knowledge set as you) would need to take equity out of their house (which really isn’t happening anymore in today’s market) to afford buying it. The majority can’t drop $35k on a domain name and then sit on it and turn down a 300% ROI. You don’t have to be a ‘big time domainer’ to accomplish what you are doing, you just need to have cash you can afford to spend and sit on.
I think the ‘big time domainer’ term is relevant when you talk about the guys who have a portfolio of 10,000+ domains which would probably cost someone $XX,XXX,XXX to amass at today’s market rates. No way anyone is building a portfolio like that today from the ground up as it was possible many moons ago.
BullS says
MHB-I am real proud of you papa-son…
You show them who is the real BOSS!!
** domaining to me is just a game, whether I make money or not is not the point, I am here to have FUN***
Aggro says
LOL
I see the nuthuggers & brown-nosers are out in full force, hoping some of the magic will rub off on them..
How, with their lottery tickets, they all live in hope that tomorrow could be the day…
And can Schwarzy & Schillster be far behind in trying to one-up the blog gang by posting about their rejected offers & strategic in-passing offhand comment “just had…$20M…in sales in past 6 mths – and they weren’t even category killers…bwhahaha”…
Well…one thing you can’t beat is time…
How old are ya? 60?
How’s your health? Does heart diesease run in the family…?
If that don’t get you, dementia will (affects everyone – albeit at different rates)
In short: You (like others your age) are in a race to NOT become the “richest domainer in the graveyard”..
You ain’t got enough time to sell em off piecemeal.
Do the math: you have:
– say, 90,000 domains (truth is: 90% are total crap like Schilling’s portfolio)
– even if you sell 200 domains a year (unlikely given your prices)
– it will only TAKE 450 years (assuming each & every domain gets an inquiry, meets your price)
Doubt there will be an Oversee or DemandMedia who will buy bulk portfolios, warts & all, like in the go-go years pre-2008
So – you feeling lucky?
You got 450 years to live…?
You got a strategy other than selling em piecemeal 1 by 1 to whales?
Truth hurts
domains says
Congratulations in the interest and keep on hitting them out of the ball park! Amazing and you know how to maxamize your roi. Would be a different story if you emailed the prospects or needed the cash
All it takes is one buyer. Simple as that. Am I shocked at times on sales. Yep. No question.
Awesome job!
pete says
Some nice names and offers there, sounds like you’re having a blast too. I like how you post your action, similar to domainnamesales.com, on wwmi.com. It would be pretty cool if all major players in the industry did something similar.
Bogdan says
You Mike, Rick, Frank and other big domainers what you are doing is great for the health of the aftermarket. thank you very much. IN the end it benefits everyone. who cares if some don’t get it after 20 years of internet
Gazzip says
Aggro, do I detect a tad of the little green monster popping out ?
….Come get your nuts hugged 🙂
Louise says
@ Aggro, that was mean-spirited! So what if every domain doesn’t get sold off in a lifetime? MHB is making a living now, and having fun, so that’s what counts.
Dean says
“Brad
I’m tired of the
“‘big time domainers got in early, and their business model would not work as well entering the game today.”
Its bullshit
Motorcyclehelmets.com I bought a year and a half ago for $35K at a TRAFFIC auction where it was up for grabs by anyone”
MHB,
your joking right? just how many of us reading this blog can afford to buy a $35 K domain? Maybe your out of touch or don’t know your audience that well.
Alan Dunn says
TLD,
With reference to your quote to Mike
“You don’t have to be a ‘big time domainer’ to accomplish what you are doing, you just need to have cash you can afford to spend and sit on”
This quote minimizes the amount of talent, knowledge, logic, time and experience you need to do well in this industry to… if anybody had the money they could.
A very silly quote.
There are hundreds of people who have tried to make a go in this industry and failed.
There are even more that have the money and spend their money foolishly on domains which have little value other than the lottery win 10 years from now.
Mike’s entire point was if you do it right and look for the rights deals there is still lots of opportunity left in this industry.
Many of us have lost buckos of coin learning what not to do, but most of this was lost in the days when nobody even knew other people’s names. Very few people had a network of domainers – hell, even our spouses thought we were nuts.
Today however is different and the wealth of resources online and number of aftermarket sites/auctions available provide opportunity even to the guy with $1,000 left on his credit card.
Sure, patience is often a key – but that is a element of any product which you want to sell.
To simply and minimize Mike’s comments to “anyone with a big wallet can win” is about the most ridiculous thing I have heard this week and portrays nothing more than a negative attitude.
For the record, I can’t think of one successful domainer who has made a decent buck in this industry with this kind of attitude.
However I can name quite a few that just started in the last couple years and are making a hell of a lot more than any day job.
Opportunity exists .. if you want to see it.
Dean says
And… while some of us can afford to purchase a $35K domain, not many can afford to sit on it indefinitely waiting for the right buyer. I do agree however, that many opportunities still do exist.
Aaron says
Congrats, and as always, thanks for sharing.
Using those figures, and based on a quick review of your MostWantedDomains website, I could have a comfortable retirement solely off your Visit____.com domains. 🙂
How would you roughly value Turkey.com? Presumably you see it easily into the 7 figures if you turn down $250k for VisitTurkey.com. (Incidentally, Turkey.com is parked, ownership under privacy protection.)
Halvarez says
“benefits everyone”
Anyone reading this board would think that domainers are the most wonderful thing in the world.
Pity there is no board for entrepreneurs whose plans are shattered by domainers trying to gouge every last dollar out of them.
Alan Dunn says
Hey TLD – I read you’re quote wrong :-)) … anyway my point is the same but it wasnt as ridiculous as when I first read it.
Oops .. need coffee 🙂
Gazzip says
“Pity there is no board for entrepreneurs whose plans are shattered by domainers trying to gouge every last dollar out of them.”
The last multimillionaire entrepreneur I had the pleasure of talking too threw his toys out the pram because I was asking $6 k for a domain I have owned for 5 years.
I knew he was a multimillionaire before I countered his stupid $60 lowball offer.
Millionaires can be pretty cheap sometimes. 😉
NetJohn says
@ Aaron
“How would you roughly value Turkey.com?”
——————————–
Good question ….particularly cuz Turkey is not just a GEO … it has more than one distinct meaning….It’s such a solid generic also…… Happy Thanksgiving “in advance” !
Bogdan says
@halvarez
“Pity there is no board for entrepreneurs whose plans are shattered by domainers trying to gouge every last dollar out of them.”
now start whining about government, taxes, and other bullshit…
those domains are the private property of their owner. Where do you live, in America after all or where? respect their right to do with their domains what they consider is right
MHB says
Sorry everyone but I had to check out for a while after reading Aggro comment to run to the doctor to have my heart checked and then I took a couple of hours to check out a couple of the nearby nursing homes to prepare for the next couple of years.
Now for the responses.
MHB says
Brad
“VisitHouston.com – $25,175 (March 2011)
VisitOrlando.com – $13,000 (August 2007)
VisitNYC.com – $10,100 (Dec 2010)
VisitAthens.com – $9039 (October 2008)
VisitColorado.com – $4300 (Jan 2011)
VisitDenver.com – $3200 (April 2007)
VisitBolivia.com – $3000 (Fen 2010)””
I’m not going to sell my domains for cheap just because someone else did
I’m sure you see domains everyweek that sold for way below what you thought they were worth.
Chatroulette.com you remember that one, the kid who sold it for $1,500 only to see it sell a few months later for $151K.
Just because someone sold a domain way below value that isn’t going to move my needle down.
MHB says
Jamie
Out of these 4 offers one came through Sedo.com, 2 came from whois and 1 from the inquiry form on the site.
I talked about it at domainfest but if you have inaccurate whois info or privacy your losing sales
MHB says
TLD
I Understand that the average person doesn’t have $35K to spend on a domain.
That is why i try to find other opportunities where the entry point is lower and the opportunity is now.
Usually I get accused of then shilling but for example .co where the entry point was only $30 and it looks like there have now been 18 sales in just the last two weeks in the $x,xxx range.
So if you got one of those $30 hang reg domains and just sold them for $2,500 or $5K or $7K its not terrible and those are (were) opportunities opened to everyone
MHB says
Aggro
60?
Really
60.
Fuck you, only 52.
You do raise a good point.
Actually several good points and believe me I have had this exact discussion with my wife and other domainers, some not even quite as ancient as myself.
Your right.
No one is going to live long enough to get top dollar for a portfolio of 75,000 domains or Frank’s 375,000.
But even in my advanced years I still figure I have 28 years left.
Yes I’ve taken into account my family history and (even had an advanced MRI of my heart last week to make sure I still had one) and I should make 80.
So that gives me 28 years.
Now we all know that life is short and time fly’s
and it is and it does.
When you look back 25 years, you can’t believe how fast it went, but as your living it, life isn’t that fast and 28 years is a LONG time.
So if I started selling all my domains for 1/2 price how would that help?
I mean by your math it would still take me 225 years to sell them all and all I got is 28 years.
Personally I think we are going to be entering a period of very high inflation.
This is why your seeing gold and silver hit new highs almost everyday.
Do you know what inflation does?
It reduces your buying power thereby reducing the value of cash; hard currency.
As Congress is currently debating raising the borrowing cap above the $14 TRILLION it currently owes, it doesn’t take a genius to figure out that dollars is especially susceptible to devaluation.
So $100,000 today in cash may only be worth $75K or $50K in five year in equivalent buying power.
Here’s the good news.
Domains trade like commodities IMHO so while Gold, silver and oil will rise in an inflationary economy, so will domains.
So unless you need the money, no rush to sell domains especially below market value.
Finally your never going to sell a domain for $100K unless you turn down $25K and $50K and your never going to sell a domain for $500K unless you turn down $50K, 100K and $250K along the way.
MHB says
@halvarez
“Pity there is no board for entrepreneurs whose plans are shattered by domainers trying to gouge every last dollar out of them.”
Funny I’ve also never heard a report of one of these great guys who paid peanuts for a domain then went out and made hundreds of million off the domain, come back to give the guy who gave the domain away a few extra bucks just to say thanks for giving me a start.
rkb says
@ MHB
You make perfect sense.
I look to your sales for price guidance all the time, especially for our insurance domains.
Just recently, we have turned down low 6 figure offers on some of our domains including LowIncomeInsurance and NewDriverInsurance. Btw, check who owns NewDriversInsurance.com and you will see why insurance domains are so valueable 🙂
You are perfectly right to turn down the offers as you did.
Thanks.
Cool Springs TN says
I learn more about domains from reading the comments on here than any other 3 websites combined. Love or hate Michael, you’ve got to respect him for “putting it out there”.
Keep on keepin’ on!
NetJohn says
@ Joe
I guess though that a key factor or element here on VisitTurkey.com would be:
Was the $250k offer an initial offer or a counter offer to an initial asking price quote….or a 2nd, 3rd, 4th or “final” counter offer in a longer back-N’-forth senario of multiple offers & counter offers ?
BullS says
I turned down offers on my marijuana domains all the time and I tell them to take a smoke first.
No hurry to sell
Gazzip says
“As Congress is currently debating raising the borrowing cap above the $14 TRILLION it currently owes, it doesn’t take a genius to figure out that dollars is especially susceptible to devaluation.
So $100,000 today in cash may only be worth $75K or $50K in five year in equivalent buying power.”
That’s a bit optimistic, Marc Faber, Ron Paul, Max Keiser, Peter Schiff, Glen Beck and a fair few others around the world say the us dollar will collapse pretty soon. (2011 or 2012 ish)
Printing money & raising the debt ceiling is unlikely to help matters for long, that’s assuming they can still find someone willing/able to lend the money.
It looks like we will be seeing more sovereign defaults all over the western world over the next couple of years, its kinda ironic how the arabic world is now fighting to have the standard of living that we have but we’re now finding out we can no longer afford our standard of living ….interesting days to say the least. 😉
I’d hate to imagine what it will happen if Saudi Arabia kicks off and oil reaches $200 to $300 per barrel …eeek
The sh*ts hitting the fan from all directions with no signs of slowing up.
You might want to buy yourself a nice little island somewhere…like Bermuda 😉
greatstuff says
this is a great post.
i guess this is what happens if the buyer does not ask you to sign a non-disclosure agmt? we get to see some real figures.
the amounts of money people will throw at the internet (a thing which very few truly understand) is simply amazing. it’s what fueled the dot com explosion. and the same psychology is still very much alive.
the price of a single domain name could finance a student’s entire undergraduate and post-graduate education. now that’s something to think about.
could we say the same for trademark? imagine if one of these names had been tm’d. let’s say it’s GOTURKEY. how much would you charge to sell or license that mark?
the value of a mark is what the owner puts into it. she has to pay reg and renewal fees. then she has to build value by using the mark. then she has to pay others to help her defend the mark. these efforts all cost time and money.
with domain names, you have others building value for you- all those organisations who seek to build out networks and get people online (especially the “ecommerce” messiahs), extending the “eternal september” to every segment of the population. they are building value for your domains, so long as consumers continue to rely on the same centralised domain name system. and then there are all those who create hype which can really help a domain owner.
unlike the tm holder, all this costs you nothing.
the domain owner, having less to lose, is in a powerful bargaining position.
Joe says
@NetJohn
I agree. That’s why I think there could be room for negotiation, even though not very much. I still think $250K-$300K would have been an adequate final price.
Tom says
MHB,
What would you have valued noshit.com and outreach.org at?
MHB says
Tom
You mean if I had them or as a buyer?
John says
MHB ignore Aggro he has been spouting off on forums for years with his idiotic “truth hurts” This idiot has never stated anything he has done, an angry domainer wannabe.
If Gazzip thinks the world is so bad ? Why focus on domains, buy some kool aid or just get under the bed.
Thanks for the great thread.
Anunt says
Which is better… turkey.com or visitturkey.com
i think turkey.com is ten times better than visitturkey.com
and you rejected $250k for visitturkey.com
Mike, are you willing to buy turkey.com from me for $350k
i can buy turkey.com for around $300k and re-sell it to you for $350k
email me and let me know if you want it for $350k
Forum Domini says
Well, it takes a lot of “self-control” to not accept $100K for a domain name bought 1 1/2 years ago for $35K. Congratulations to you.
Tom says
MHB,
How about both?
Adam says
“Pity there is no board for entrepreneurs whose plans are shattered by domainers trying to gouge every last dollar out of them.”
If you are an entrepreneur that can’t make a go without a great domain or think there is no other choices, than you aren’t a good entrepreneur. Obstacles are put in your path to go over. The lack of the dream domain may be an obstacle but it should be the least of your worries. Besides, I thought that the dream of an entrepreneur was to launch a successful business. A domain won’t hinder that.
Maybe everyone with a dream should just have their dreams handed to them on a silver platter. That’d be awesome. Sign me up.
yes says
adam +1
exactly.
it costs almost nothing to start a software business. (and it costs little to register a domain name.) ’tis true for may web startups too. almost zero overhead. that doesn’t mean all of them should survive. no doubt with the right domain, the type-in traffic alone might keep your company afloat, even if the product/service your’re selling is utter crap. but let’s talk substance.
i’d love to hear more about the products or services of entrepreneurs who feel they can’t make it without a certain domain. my guess is the world is not any worse off without them.
“google”, “flickr”, “tumblr”, the list goes on.
all are misspellings. none were unduly expensive to aquire.
lack of a “good domain” hasn’t stopped them from attracting users.
imagine telling someone your business failed because you didn’t have the right domain name. or the right trademark was not available. gimme a break. if that’s how you think, you’ve got bigger problems than finding the right domain name.
if you believe that strongly in domain names, then you’re more like a domainer than you probably care to admit. the key difference is the domainer has acted on this knowledge, while you just sit by and criticise his success.
Halvarez says
“can’t make a go without a great domain or think there is no other choices, than you aren’t a good entrepreneur.”
Truth to that but part of the problem is that idea often comes before domain name.
If you have invested considerable time in conceiving an idea, and believe that a domain should be available at a certain price, but seller wants much more, it can be deflating.
If no deal, the buyer may lose time spent on idea (and negotiation), plus momentum – fairly important to a start-up.
Personally I bought one domain after lengthy unpleasant negotiation (rude seller), but second domain was part of plan and that seller then raised his price. Delays had also led to other missed opportunities. Three months after starting, back at square one, seething about what has happened, is not easy to bounce back from.
But yes if entrepreneur has not expended too much energy getting to the point of no deal then a good one should not be deterred.
Gazzip says
“If Gazzip thinks the world is so bad ? Why focus on domains, buy some kool aid or just get under the bed.”
@John
lol, or I could just close my eyes & ears to all the real factual news going on around the world and pretend it is’nt happening…maybe it will all just go away 😉
….snzzzzz, go back to sleep John, sweet dreams 🙂
Mark Hoffmeister says
VISITDOMAINING.COM – just hand registered. Some people buy lottery tickets 🙂 Thanks everyone, good post.
EarnBig says
I would recommend sitting on your domains until the financial markets get better, which isn’t too far away!
This is not the best time to be selling premium domains – unless your skint!
(it’s a buyers market)!!
Josh says
I say wait not just on this dip to recover but the next one too, each peak is higher than the last. By that time y’all be 125 yrs old and you can enjoy your money.
I kid of course, hold out for recovery and enjoy it at 75-80.
And by enjoy I don’t just mean buy stuff, spread it around, charity, things that put smiles on your face and your heart.
Ultimately we need to ask ourselves why, you can’t take it with ya, who you leave it to (kids) will never have the appreciation for it and do with it what you didn’t. jmo
Attila says
Some people just don’t look at domains as businesses and will never understand the point behind why the domain is worth what it is as they haven’t a clue about ROI’s and more…
Jason says
You can reject offers because you can. Those visit domains sell because you own the only .com. You held out on $100K, knowing that getting twice as much would set the bar for other visit domains.
If you hadn’t sold visitstockholm.com, then visitberlin.com would have never sold. In my opinion, that domain sold because the main site was struggling in traffic.
You can ask any price you want. I can guarantee you one buyer knows they made a mistake buying a domain from you. Your company fired out a much higher offer not worth the price.
Because you own many of the .com, you control the price. You can turn down offers because you have all the time in the world to wait. You have the financial resources and reputation as a company which sell high priced domains. If I owned those domains, I wouldn’t be making the sales you do.
Using sportinggoods.com as a bar to sell motorcyclehelmets.com is not accurate. The high monthly searches on domains doesn’t always produce major traffic. I own some domains which have many searches each day and the searches are low. My highest searched keywords don’t receive as much traffic.
You do have an advantage on those visit domains. Your patience paid off on the Berlin site. You will probably keep using that sale to get more for other visit domains based on population and region.
In my opinion, you use many comparisons which are not always the logical choice. You get respect for asking such high prices and receiving such high offers. Your article at the beginning of the year on having to pay $750k in fees was more a sarcasm than anything else. Most people know you can make that money back in no time. The new trend is to brag about what one turns down. The economy is not as poor as many suggest.
If I had your company backing, I wouldn’t experience the challenge trying to sell domains that are actual top generic domains from the 90’s for far less than some of your long-tailed sales. In any case, keep up the good work. You live a life most domains will never reach.
brj says
I would have sold the domains, taken the 500k and paid off my mortgage, line of credit and other bills, and still had a tidy sum left over to invest!
MHB says
Jason
“”Those visit domains sell because you own the only .com. You held out on $100K, knowing that getting twice as much would set the bar for other visit domains.
If you hadn’t sold visitstockholm.com, then visitberlin.com would have never sold.””
Exactly
Domainers are market makers.
If your not familiar with the term check it on Google in reference to publicly traded companies.
So one sale sets the value of other similar domains.
That is why I turned down the $250K for visitturkey.com as we own other visit country.com domains and the value needs to go higher
Jason says
@Halvarez,
I agree with your comment. I argued that point many times on those visit domains. I didn’t agree with the Berlin sale. I don’t consider these city agencies as reliable end-users.
End-users will challenge generic domains far better than those sites wwmi sell. I know of a few end-users that are too cheap to pay for they need, but they will over pay for another domain they didn’t need.
I have to return a call to a big company on a generic I’m selling for another. Hopefully this company knows the value of the domains. If not, I will point them to your article. Your article may help me to make big sales.
I will always disagree with the visit sales. One of your fans spend a lot of time challenging me on why your Berlin domain was the deal of the century. Nonetheless, I still opposed his perception that this travel agency needed to over pay. Now you have every domainer who owns visit domains quoting your sales to justify their price.
In my opinion, the travel agency purchased the visit domain to point to their country code site. Their traffic probably went south, so they needed a boost. In my opinion, Afternic over prices their domains. In my opinion, Sedo uses their price suggestion tools to make money for custom appraisals. You have to order a custom appraisal to set a price above $10K.
You have an advantage with owning your company. Your go Turkey reference is a way to add humor to the offer. You sold GotoCanada.com. GoTurkey.com is a quality domains. I’m sure the travel agency there ness a traffic infusion. I hope you keep asking high prices.
I will attach your article link to every sales contact. This should help me to close more sales.
James says
Just listed a ‘dubai’ domain on dnf for $500 that I’ve turned down 3 offers for in the low $xxxx over the past 3 years. Oh well…
MHB says
Jason
So your going to attach my article to every sale your going to try to make although you disagree with it and the examples stated in it.
Doesn’t quite make sense.
Also appreciate the good faith offer to give me a little love if you sell a domain based off my article.
Oh wait you didn’t do that.
Best of luck with your sales.
Paul says
LOL. All this is pure bullshit. This guy probably never received such offers and you are all swallowing this…
Andrew Rosener says
MHB,
I have a standing offer of $28,000 for VisitPanamaCity.com – would you take that?
Gazzip says
“One of your fans spend a lot of time challenging me on why your Berlin domain was the deal of the century. ”
I guess you are referring to me Jason, to me a “fan” generally believes everything someone says or does, I on the other hand do not always agree with MHB
Sure I like him (and this blog) but I will never kiss his ass just to agree with what he’s saying if I don’t think it makes any sense to me.
Blogs are for discussion and discussions are pointless if they’re always one sided.
Paying someone a compliment is’nt the same thing as being a “fan” either IMHO 🙂
To me (in MY opinion) , a visit ( town, city, island, country ) domain is the next best thing to the pure generic and in some ways they are better than the pure generic and when you compare them to the one million to five million dollar price tags of the pure generics its a no-brainer.
I own about 6 Visit(City, Island, Country) domains and there will be only ever be two possible endusers for developing them, the official Tourism Boards or Me 😉
Why does it always have to be about search metrics or existing traffic levels? A great domain is an ADDRESS and a BRAND that is easily remembered when used in conjunction with other forms of advertising such as TV, Print, Radio.
Traffic can be grown on any domain but some are far more memorable and meaningful than others.
Seems to work pretty well for these guys…who knows how much they paid for some of these Visit(Country) domains over the years 😉
VisitScotland.com – Tourism Board
VisitNortheastEngland.com – Tourism Board
VisitLondon.com – Tourism Board
VisitWales.com – Tourism Board
VisitIreland.com – Tourism Board
VisitDublin.com – – Tourism Board
VisitBirmingham.com
VisitCardiff.com – Tourism Board
VisitBrighton.com – Tourism Board
VisitSingapore.com – Tourism Board
VisitJordan.com – Tourism Board
VisitPortugal.com – Tourism Board
VisitNorway.com – Tourism Board
VisitSweden.com – Tourism Board
VisitDenmark.com – Tourism Board
VisitFinland.com – Tourist Board
VisitIceland.com – Tourism Board
VisitOslo.com
VisitCopenhagen.com – Tourism Board
VisitLuxembourg.com – Tourism Board
VisitCalifornia.com – Tourism Board
VisitFlorida.com – Tourism Board
VisitMaine.com
VisitRhodeIsland.com – Tourism Board
VisitDetroit.com
VisitJacksonville.com
VisitSaltLake.com
VisitRaleigh.com – Tourism Board
VistNC.com – NC Tourism Board
VisitDelaware.com – Tourism Board
VisitManchester.com
Visit Liverpool.com – Tourism Board
VisitEstonia.com
VisitMexico.com – Tourism Board
VisitMalta.com – Tourism Board
VisitMaldives.com – Tourism Board
VisitJamaica.com
VisitAruba.com
VisitBerlin.com – Tourism Board
VisitStockholm – Tourism Board
There’s far more of these in use when it comes to towns and cities, how much more proof do you need that they are great domains for marketing?
So do you really think MY opinion is one-sided just because I own a few?
ps) congrats on the purchase of VisitAndalucia.com a wee while back in the auctions MHB…..aaaahhhhh 😉
Gazzip says
ooops. maybe that was’nt you that bought that one, it might have been another one I saw ?
mm says
On Sedo, I found the domains visit-finland com and visit-malta com both with the $250 buy-now price. Do you think it’s a good investment?
Ziad says
Hi guys,
Thanks all for those amazing posts. I own Dependent.com which I’m planning to sell. How much you think I should post ad an asking price? Any insight from the pros of the domaining profession would be extremely appreciated!
Cheers,
Ziad
Joe says
Hi Mike, I’ve sent you a private message via Facebook. Hope hear from you soon. Thank you
Dave Phillips says
I’ve been dreaming of finding a buyer for BankList.com at a price it’s really worth (CPC is $1.64). How in the world can I do that? I’ve owned this domain for over 10 years!
BrianWick says
When folks ask me to sell them a domain and provide “comps” – I tell them just to go buy a “comp”.
No doubt – VisitHouston.com, VisitColorado, … were offered to Mike as “comps”
BrianWick says
GoToNY.com is the closest I get to these type of travel domains.
Mike Bogros (CheapFlowers.com) used to have some very decent Visit??.com’s – Maybe if Mike is out there he can chime in
BrianWick says
Correction – It would be nice if Eric Bogros who owns very decent Visit???.com would post his thoughts
Don Edmands says
Mr Berkins give them hell! I believe you were smart enough to grab seviervilletn.com for a killer price. I had eyeballed it for a month and could not pull off the cost because I was in other deals. If you did not get the name my presumption was wrong… I just guessed. Quick question. Was the biggest part of not selling weddingalbums.com because click value or more based on the terms future possible value? Thanks for return!
Maurice Goulet says
I’ve held a domain name for years that I thought would be an easy sell (CDBN.com). I noticed on my web-stat report the same people have been coming to my domain 4-5 times a week from the same IP address. They own the .CA version of the domain name but have never made an offer to buy. Other similar companies visit at least once a week but never attempt to make an offer either. It stayed unused for about 4 years and then last year I decided to put it to use. I’ve had more success selling real word domains than the 4 letter domains I’ve held. If people want a domain name wouldn’t they try to contact the owner?
Christian says
If visitstockholm.com is a $70,000 domain name, what is VisitStockholmSweden.com worth? That is an exact match domain also. Just curious.
VisitUranus.com says
“what is VisitStockholmSweden.com worth?”
The $10 you paid for it in December.
Christian says
Ok thanks. So I should take any offer on that name huh?
Christian says
You think VisitChicagoIllinois.com has any value at all? $10 also?
conscience says
there are several effective domaining strategies, some of which were discovered by accident.
and a number of successful domainers have employed multiple strategies to get where they are. the auction business and the publicaion of domain name resale prices is relatively new.
i think some very successful domainers do have a conscience and that not all domainers may want to engage in market making. perhaps not every domainer thinks in stock market terms. but clearly some are intensely drawn to the parallels.
technically, all domains are “overpriced” if we think in terms of cost of production. the maintenance cost to the registry is probably like .10 per domain or less. and they have no defensible property rights in a domain name. so it’s not intangible property either. they have no title. and if they did, they acquired it for free. so what’s a name worth? it’s just an entry in a text file on their computers. the entire system is cooperative. we all cooperate and agree to let the registries store all the names and to use their computers day after day. and almost all users agree without knowing there are even alternatives.
(with computers and networks there’s almost always more than one way to accomplish any given objective.)
after we’ve paid the reg fee, and we assume the value of a .com domain is around $6, the question of whether a whois or auction buyer “overpays” for a domain name may depend on factors outside the seller’s knowledge and control. does the seller know what the buyer paying 50-250K without any conducting traffic due diligence will do after the purchase? probably not. if the buyer is not paying for the type-in or backlink traffic, then what’s he paying for? should the market maker care?
LS Morgan says
There’s an immeasurable difference between City.com and CityState.com.
Not to say that CityState.com’s are without value (as Jeremy Moritz will probably attest to, since he owns them all), but they’re not remotely the same as City.com
This translates down to Geo keyword domains.
LosAngelesCaliforniaLawyer.com is a fine name, but not in the same solar system as LosAngelesLawyer.com. Same thing with State Abbreviations (LosAngelesCALawyer.com), etc, etc.
Small difference in letters, huge difference in keyword gravity.
BrianWick says
CityState.com’s can have value as I sold BoiseIdaho.com to the top real estate producer in Boise, Idaho a few years back for 175K:
http://dnjournal.com/archive/domainsales/2007/domainsales09-11-07.htm
But as LS Morgan implies – when you add an industry in the front or back – it double qualifies the brand – VisitBoiseIdaho.com is too long and double qualifies what “Visit” already says.
Considering I own several hunderd Legal domains The example LosAngelesCaliforniaLawyer.com is worth all of the $8 renewal fee in my valuation
Jasco says
No one believes those figures. If they are true you are not very smart.
BrianWick says
@ Jasco,
To know Mike is to know he is grounded and does not need to grandstand or embellish.
Considering I have today turned away a decent 6 figure offer for Minus.com – Mike’s experiences are in line with this market demand.
Halvarez says
Which is amazing, given that if the domain came to auction you wouldn’t pay more than $10k for it. And must suspect that if the current buyer doesn’t bite you’ll never get another six figure offer.
But sellers can play games. Just turn down every offer until the buyer goes demented. Then tell him, ‘your last offer wasn’t so bad after all’.
Halvarez says
ok a bit hasty it’s quite decent for a brand. Would be interesting to know what the second highest offer ever received has been. But still it’s peculiar how the value of a domain tend to rise dramatically in the domainers mind once he happens to own it.
negotiator says
the publication of sale prices is obviously very useful to a negotiator. wrt the seller, if he sells visitcountryA.com domain for a given price, and that price is known to other prospective buyers, assuming the two contries are generally similar, he can make the argument to any prospective buyer of visitcountryB.com that it wouldn’t be fair to sell it for less than what the buyer of visitcountryA.com paid. the word “fair” suggests consistency of terms, and triggers a fairly consistent reaction from buyers. the burden will be placed on the buyer to cite details to differentiate the two names if she wants to try to negotiate. the seller cannot be expected to know what the buyer’s plans are for the website.
but it’s a very different scenario if every sale is covered under confidentiality agreement. where common terms are not known to prospective buyers.
which scenario is more preferable to buyers?
it depends on the buyer. some know how to negotiate. some don’t.
Robert Haastrup-Timmi says
VisitUK.info , any heads up on value. I know its not .com… but should be worth a reasonable figure right?
Christian says
Lets get a valuation on BloomingtonIndiana.org? Anyone ? This one doesn’t have the “visit” in front of it but its a .org. Great domain name for a city, a business, real estate, or maybe a chamber of commerce site?
MHB says
Drugstore.com turned down 2 other offers before taking Walgreens.com $420 Million dollar offer and negotiations took a year
http://seattletimes.nwsource.com/html/businesstechnology/2014767454_drugstore14.html
Go says
HowToValueADomain.com
M says
I’d imagine one of the suiters was AMZN.
Don’t they own some similarly powerful ___store.com generics?
If yes, maybe that helped determine the market price?
Mike says
I am very surprised you didn’t sell the domain names you mentioned for the prices offered. Did you get emotionally attached to them? You could acquire a much better inventory of domain names for $500k.
Beach.io says
Nice write-up, but strong-keyword ccTLD’s offer a much better potential ROI for people just now entering the “domaining” game.
heating up says
Couple weeks back I noticed Eric sold a visit geo.com and was in moniker escrow from whois. Wonder if he will disclose price or if its under nda.
Eric Borgos says
The price of the “Visit”.com geo domain I recently sold was in the $25,000-$50,000 price range.
Aggro says
Pathetic
Pathetic how many grown men in their 30s & 40s here (who should know better) are squealing like pre-teen girls catching a glimpse of Justin Bieber (or the latest idol).
Oh how they all live vicariously through Berkens…
With all the nuthuggers hanging on Berkens’ sac, it’s a wonder how he can move…
They all suddenly lose control of all their senses & cognitive function, asking the most asinine of qns.
Like posters asking if the offers were 1st bid, successive bids etc.
if people actually read the post or read between the lines…
Of course the VisitTurkey was after a series of offers.
I digress.
Funny how all these other posters now come out of the woodwork bragging about their 6 figure “offers”.
Buyers do it all the time – quite often – it’s called yanking your chain to see your “settle” point.
They often do it to guesstimate your likely response on ANOTHER domain (that you have, possibly similar) that they are really targeting.
Until money passes, it’s all fun ‘n games.
So stop counting the imaginary money & projecting your fantasy net worth.
You can’t wthdraw “domain equity” (cf home equity) until you actually sell it.
Now, why don’t they brag about the 6 figure offers that actually crystallized…?
Oh I forgot – they’re all conveniently under “NDA”
BrianWick says
@Alan Dunn,
Good to see a familiar name from years ago from some deals we did.
“Many of us have lost buckos of coin learning what not to do”
– well said Alan
– life is NOT about winning
– life is REALLY about mitigating your losses – might be the basis for Aggro’s frustration
Yes – the DrugStore.com deal once again proves big business will (and wants to) build its brands around generics – that is good news for everybody.
It also explains established entities’ ongoing interest in furthering my CheapDrugs.com / CheapMeds.com brand.
MHB says
Alaska House passes tourism marketing bill
JUNEAU, Alaska
State funding for tourism marketing efforts would be capped at $12 million under a proposal passed by the Alaska House.
Under the bill, the state would contract with one trade group to carry out a tourism marketing campaign.
http://www.businessweek.com/ap/financialnews/D9MIBFMO0.htm
Gazzip says
Yep, its absolutely amazing how much money is spent & wasted on marketing some places, you look at a place like Dubai, billions of dollars gone into infrastructure, hotels and advertising yet they spend $9.00 on a domain that is one of the most misspelt words in the english language – DefinitelyDubai.com
They they spend many more thousands on TV ads and don’t bother to put the domain on it, (not that I could blame them there.)
Pitty they could’nt get it to rank as well as this one 😉
“How to spell definitely. … The correct spelling is definitely. Not definately. Not definatly. Not definantly. Not definetly. Not definently. …”
d-e-f-i-n-i-t-e-l-y.com
Stephen Douglas says
Congrats, EmBee… it’s amazing that those domains brought those prices.
I own
DISCOUNTRUSSIA.COM
DISCOUNTSWEDEN.COM
DISCOUNTDENMARK.COM
and many others I feel would meet at least 1/10 the value of the domains you sold… but hell, what do I know? I’ve only been doing this for 12 years.
Your domain sales prices prove that domain investing is by far the most lucrative industry to be involved in ($ to Profi Ratio), IF you know what you’re doing and get lucky too. 😉
Lyn James Jenkins says
Dear All,
I am a company director in Wales ,UK. I own over 800 visitplace domains covering every corner of the planet.
Some are the much-vaunted VisitPlace.com type that are much in demand as Mike Berkens intimates. Others are “.co.uk ” and “.net” .
We have both hyphenated and non-hyphenated visit domains. Hyphens are much more popular in Europe than the USA……and Europe has far more than 300 million population, so demand for hyphenated domains will grow.
Examples of my domains, which are all for sale[ some with web-sites]:-
visitunitedkingdom.co.uk ; visitunitedstates.co.uk ; visitbritishisles.com ; visit-hollywood.com ; visit-california.co.uk ; visitbratislava.com ; visit-germany.co.uk [ hyphens are VERY popular in German domains and Germany has 80 million people with a far better Balance of Trade than the USA];
visit-america.co.uk [ small web-site] ; visit-losangeles.co.uk ; visit-london.co.uk etc etc
SOME of these are for sale on Sedo.com , the German sales site.
I’d like to make contact with Mike Berkens. He’s the sharpest pencil in the pencil-case !
Pierre Vachon says
I own 30 visit domain names:
-Ivisitcuba.com
-Ivisitthailand.com
-Ivisitbangkok.com
–
Lyn James Jenkins says
Sorry, Pierre, but who else is using the phrase “Ivisit” ? No-one to my knowledge !!
The words used globally are “VisitPlace”…..preferably with a .com ending.although increasing numbers are using “.co.uk” versions as well to attract UK tourists.
Germans, British , Scandinavians , Spanish and other Europeans also use hyphens.
So Visit-Place.com and .co.uk endings are of value.
As an example, one of the biggest brands in the world is Mercedes-Benz…..and there is ALWAYS a HYPHEN between Mercedes and Benz !!……..It certainly cuts a dash !![ Excuse the pun !!]
German domain names therefore have hyphens because German GRAMMAR and VOCABULARY is replete with hyphens…….unlike that of America.
Don’t forget that the population of Europe is MUCH greater than the USA’s 300 million….and the internet is growing very fast in Europe !
unknowndomainer.com says
Lyn
America doesn’t have hyphens? But the British do? Last time I checked their language shared the same basis.
Louise says
What is the difference between MotorcycleHelmets and DualScreenApps? They are both generic descriptive domains. Neither is a brand. They are more than one word: MotorcycleHelmet is two words. DualScreenApps is three words, but only 3 syllables, to MotorcycleHelmet’s 6 syllables.
Yet, I was told by a domainer I look up to to undergo a 12-step and get sober of my addiction to domains! To “find another hobby.”
But only I can do DualScreenApps right! It has to be MY vision: clean, fast-loading directory of ALL dual screen apps, for every brand: Intel, HTC, Sony, Microsoft, Samsung, Panasonic, LG, and – last, but not least – Apple . . .
gujj.com says
I prefer ‘enjoy+placename.com’, rather than ‘visit..’.
It infers more of a benefit to my mind.
Louise says
Good news for motorcyclehelmets.com!
Berkshire to buy German motorcycle equipment retailer
http://www.reuters.com/article/2015/02/20/detlevlouis-ma-berkshire-idUSL5N0VU4AR20150220