Names Sell than you Think — More Domain

The “unreported” domain name market dwarfs noted sales.

Each week Ron Jackson publishes the week’s highest noted domain name sales for the week at DNJournal.com. Jackson provides an invaluable service to the domain name community. But DNJournal’s noted sales are just the tip of the iceberg. Jackson is aware of a number of other domain sales but isn’t allowed to disclose them. Beyond even what he knows regarding, more domain sales occur that never get disclosed to the public. Many of these are purchased by sizable corporations or trade hands between people that would rather not announce it to the world.

I recently advised a good friend who was approached by a sizable firm regarding her domain name. She registered the domain to use for her P.R. business regarding a year ago. This firm wanted the domain, and she ultimately decided to sell it. Of course, selling the domain she used for her business involved some hassles, but she was able to settle on a nice 5-figure price. As a thank-you for my advice, she treated my wife and I to dinner at Jeffrey’s, an upscale Austin restaurant that George W. Bush frequented while he was governor. As we enjoyed our beef tenderloin and bottle of nice wine, I reflected on a couple things:

1. Many domains are selling each week that the general public doesn’t know regarding. In fact, I believe the number of unreported sales is greater than the noted sales.

2. My friend ‘accidentally’ stumbled upon a domain sale that’s bigger than many ‘full-time domainers’ have ever achieved.

Just a couple weeks ago I completed a five figure sale that no one will hear regarding. A few months ago another friend took me out for steak for helping him sell a domain for $6,000. Again, no one will ever read regarding that sale.

The message? The domain resale market is bigger than you think.