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Domain Name Broker Fails and Successes

Few of those claiming the title of a domain professional act like a professional

     
5:45 pm on Sep 14, 2017 (gmt 0)

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WebmasterWorld Administrator webwork is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

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Pet peeves when someone reaches out to me as a "domain broker":

1. Generic email salutation: "Greetings" or "Good Afternoon" or "Dear Sir". For heaven's sake my name is right there in the WhoIs record. Did you bother to look? It's always a bad sign when someone is SO un-invested in doing business that they can even be bothered addressing you or I by name.

2. Buyers who are not educated by the broker at least as to a "range of" likely prices. IF you truly are experienced enough to claim the title broker you should have access to appraisal tools. Hell, failing all else, run the domain through "the bot", as in Esti-bot.

3. Buyer brokers who, failing #2, also fail to pre-qualify their purported buyer's financial ability. Is the buyer a sole operator or a corporation? Have they confirmed, after advising of a range, if the buyer will need to pay by CC or knows how to wire funds? There are basics to every deal which should be evaluated in advance.

I'm done with automated systems, where people pay a few ($29, $39, whatever) bucks to "use the system". They're pure nonsense.

Now I'm tiring of brokers who, for a similarly small fee ($69+), will reach out to domain holders to make an inquiry . .and then expect to collect a 20% commission on tht back end . . without handling the basics.

There are a handful of truly professional brokers who do lay the groundwork for deals that WILL happen . . but only a few. They guide their clients as to valuations. The pre-qualify their clients as to the ability to pay in the likely range.

Oh, huff . . am I alone in the lament? Have you been "contacted" by some automated system or poorly trained "broker" . . which has proven to be nothing but a time waster?
12:48 am on Sept 28, 2017 (gmt 0)

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I have had some contact recently, but I'm not a broker, so not as in tune as you regarding these "fails", but I just reviewed the email chain and yep! you're right.

Another is low expectations of value. Because I am wanting away from the domain game, I was willing to let it go for a very reasonable price, and when I sent them a message regarding price the chain of communication broke.

Not sure if this was a broker or a direct enquiry, but had he done some research it would have saved us both time.

Mack.
6:26 am on Sept 28, 2017 (gmt 0)

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WebmasterWorld Senior Member tangor is a WebmasterWorld Top Contributor of All Time 10+ Year Member Top Contributors Of The Month

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Half of these are idiots. Half are opportunists with no plan. The other half have no clients, just looking to see if the email address in their phishing file is active.

ONCE in a while there's a real offer, and usually it is not from a BROKER.

Got no use for any of the halves listed above.
5:02 pm on Oct 26, 2017 (gmt 0)

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I just want to add that brokers might be unprofessional because most of the money is gone. The value of Exact Match Domains has plummeted over the past few years. I had several excellent EMDs that I no longer needed and so I put them up for sale. They languished for over a year and I eventually sold them for a few hundred dollars each. That was a loss of maybe 90% over 5 years.
 

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