Alex Verdea posted that with Rick Schwartz in his corner he sold TheDeeply.com for $75,000 Net.
One point Alex made in his tweet was for people to turn off their whois privacy.
Congrats to Alex on a great domain name sale.
SOLD: TheDeeply dot com for $75,000USD net.
— Alex Verdea (@AlexVerdea) April 1, 2024
I had the @domainking in my corner 🙏…
buyer had 1 attorney, 1 accounting firm and 1 entertainment agency negotiating etc.
🚨Lead came via WHOIS.🚨
Lesson?
TURN OFF WHOIS PRIVACY = TRUE DOMAIN OWNERSHIP!#com #FeedTheBeast https://t.co/UDkc2ittGM pic.twitter.com/a7KIXknAF5
First of all a big congrats @AlexVerdea !
Perfect example of a domain that has no value investor wise, but when someone wants it, it has great value automatically. That’s why you should never price the domain name unless it is very high.
That is why you should never list your domain in the marketplace. Whois is the marketplace and you’re not giving up 20% to an unqualified broker and giving him all the power.
When I got involved, the asking price was about $95,000. Had there been no asking price it would’ve sold for somewhere between $250,000 and $750,000. Not because the Domain was worth it but because someone wanted it. What’s the value to them is the only question you have to figure out!!!
The lesson for all to know is don’t be quick to give a price. And if you do give a price, make sure you have it in your mind that you’re talking to a company like Amazon and quote accordingly.
If you fish for whales, you will catch whales. If you fish for minnows, you will catch minnows.
Go for whales!
Did the buyer approach Alex or another way around ? How does Alex come up with that price when offering to the buyer?
Congrats to Alex – who smartly took Rick’s solid advice.
And I couldn’t agree more with the fact that for all but the most sensitive/personal names, all domainers should show their real names/companies in the WHOIS.
If someone really wants it they will email you via the whois privacy. I’m sure many can say that has happened with their domains before, self included.
This is a unicorn, an exception, not the rule. If you hold out for whales 100% of the time for an otherwise not so valuable domain you will probably lose big time. In this case the seller already apparently had some indication that it was a whale to begin with because of everyone involved in trying to buy it.