I just read an interesting article about over at Tyler Cruz’s blog about a domain sale he brokered. He made a pretty penny at it too. You could call it right place at the right time, but it was definitely an opportunity that most might not see and very very few would actually have gone after.
The short of it is Tyler heard that someone in his hometown had a pretty nice domain they thought was worth a lot of money. Tyler offered the owner $10,000 for the name and was rejected. He then mentioned to the owner he has dealt with domains before and would be able to use his contacts online to broker a nice deal for the domain.
Presto, Tyler was able to sell the domain and make a killer commission of just under $23,000. Yikes! Not bad for noticing an opportunity and having the balls to go for it. Congrats on that one.
I would be great if I could take my knowledge and skills of buying and selling domain names and turn it into crazy profit like this. I’ve thought about bringing on some outside investors to help build my portfolio and make myself and others even more money using the methods I’ve been trying but never about brokering a domain deal.
I guess I always thought it was something for the big boys and professionals. Just another idea about a way to make some cash on the side. If you have knowledge of the internet workings and feel you can price a domain moderately well, don’t let an opportunity like this fall through your fingers.
This is rather impressive. I realize that there are some very expensive domain, though really – how often do those go up for sale?
More often than you’d think Tony. Check out some of the big time domain reseller forums like NamePros.com and DNForums.com. Also you can look on SEDO and see how many single word names are for sale and what prices people think they should fetch.
They’re for sale all the time, you just need a buyer. That’s where someone such as Tyler would come in and use his connections to find such a buyer.
I’d say over at DNF that at least 1 name a week goes up that fetches a price over $50K.