DomainSherpa Review – February 29, 2024: Shane Returns
Feb 29, 2024
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Domain experts play The Domain Game guessing prices of domains like BringYourDog.com, discuss Bitcoin, review upcoming auctions, clarify GoDaddy landers, and introduce AI-driven video player. Shane returns after hiatus for lively banter and domain sales talk.
Targeting lower-priced domain names with bid now options on platforms like GoDaddy taps into impulsive purchasing behavior and boosts conversion rates.
For higher-priced domains, human engagement, negotiation, and personalized interactions are crucial for successful sales.
Acknowledgment of GoDaddy representatives' role in streamlining the domain sales process, facilitating pricing adjustments, and ensuring a seamless experience for both sellers and buyers.
Deep dives
Bid Now Domain Names under 25K
Bid now domain names priced between $2,500 and $25,000 show increased conversion rates on platforms like GoDaddy due to impulsive purchasing, trusted brand, and credit card transactions. This strategy targets lower-priced domains and benefits from a frictionless buying experience.
Clarification on GoDaddy and Domain Sales Process
While GoDaddy's bid now landers have boosted sales for lower-priced domains, handling negotiations and sales on higher-priced domains requires a different approach. Larger domain sales rely on human engagement, education, negotiation, and decision-making skills, highlighting the need for personalized interactions.
Acknowledging Key GoDaddy Representatives
Recognition given to GoDaddy representatives, such as Aaron J and Mark Becker, for their support in domain sales process streamlining and facilitating pricing adjustments. Highlighted impactful role of such team members in ensuring a seamless experience for domain sellers and buyers.
Three-letter .com domains are discussed and valued
The podcast episode delves into the world of three-letter .com domains, highlighting their value and potential for investment. Specific examples of domain auctions and sales are mentioned, shedding light on the fluctuating prices and market trends for these domains. One speaker shares personal experiences of purchasing three-letter .com domains in the past and emphasizes the enduring value and commercial potential of such assets.
Preview of upcoming NamesCon event in Austin, Texas
The episode concludes with a discussion about the upcoming NamesCon event scheduled in Austin, Texas from June 5th to 8th. The speakers express excitement about reuniting with industry professionals, engaging in domain-related discussions, and sharing experiences. Plans for attending the event, travel logistics, and expectations for networking opportunities are outlined, showcasing a sense of anticipation and readiness for the gathering.
What do successful domain name investors think when they value domain names?
In this show:
- The Sherpas play The Domain Game (starting at the 17:35 mark), where they guess what certain domains were bought and sold for by the Sherpas and discuss the reasons behind their evaluations. Today's domains are BringYourDog.com, YourBit.com, GrayDigital.com, and ZHO.com;
- They discuss Bitcoin popping off this week;
- They review a list of domains about to come up for auction on NameJet.com, including Wolfs.com, EliminateDebt.com, TravelBug.com, and Booyah.com;
- Drew clarifies comments from our previous episode about the use of GoDaddy landers for Buy-It-Now domains;
- Also, DomainSherpa is now integrating with Muse.ai for episode transcripts and an AI-driven video player to easily look for topics, words, phrases, etc., and jump to the points in the video where they occur. Let us know your feedback!
- Plus, all DomainSherpa podcasts are now up on our YouTube channel at DS.tv and much more!
JT is joined by Drew, Adam, and Shane returns after a brief hiatus - so be sure to tune in!!
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