#711: Andrew Rosener — Becoming The Hokkaido Scallop King, Leasing Blue Chip URLs, Life Tenets from Charlie Tuna, Selling 8-Figure Domains, and More

397 snips

Dec 20, 2023

Andrew Rosener, Founder and CEO of MediaOptions and a leading domain broker, shares intriguing insights from his journey across industries. He draws from his early days in the seafood sector to reveal lessons on ambition and decision-making. The discussion spans domain valuation techniques, innovative leasing strategies, and the evolution of digital real estate. Rosener also reflects on managing anger and the importance of personal values in business, contrasting societal views on success with his own pursuit of freedom and contentment.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

Charlie Tuna's Invitation

Andrew Rosener was invited to Newport, Rhode Island, by "Charlie Tuna" (Peter Murkey) to discuss selling fish.
Rosener initially rejected the offer but was persuaded by a $1000 offer to visit Murkey's office.

ADVICE

The Importance of Exactitude

Obtain accurate information for optimal decision-making.
Avoid impulsive reactions and prioritize precision, as emphasized by Peter Murkey's "exactitude" poster.

ANECDOTE

Securing Benihana

Rosener secured Benihana as a client by understanding the buyer's Nicaraguan heritage and love for cigars.
This led to Rosener becoming a leading expert on Hokkaido scallops.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

Brought to you by AG1 all-in-one nutritional supplement, GiveWell.org charity research and effective giving, Eight Sleep’s Pod Cover sleeping solution for dynamic cooling and heating.

Andrew Rosener (@andrewrosener) is the founder and CEO of MediaOptions, which has been the #1 domain broker in the world for the last six consecutive years. Since 2008, Andrew has been involved in more than $600 million dollars in domain sales and has played a pivotal role in numerous high-profile domain-name transactions, including X.com to Elon Musk, Zoom.com to Zoom, and Prime.com and Podcast.com to Amazon, as well as thousands of others.

Andrew is an inductee of the Domain Name Hall of Fame; he was named Domain Investor of the Year by TRAFFIC; and he is the creator of the Rosener Equation, a formula for objectively valuing domain names, widely adopted by the industry.

Andrew is also the owner of DomainSherpa.com, the industry’s leading educational podcast.

Please enjoy!

This episode is brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.

Right now, you’ll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.

This episode is also brought to you by GiveWell.org! For over ten years, GiveWell.org has helped donors find the charities and projects that save and improve lives most per dollar. GiveWell spends over 30,000 hours each year researching charitable organizations and only recommends a few of the highest-impact, evidence-backed charities they’ve found. In total, more than 100,000 people have used GiveWell to donate as effectively as possible.

This year, support the charities that save and improve lives most, with GiveWell. Any of my listeners who become new GiveWell donors will have their first donation matched up to $100 when you go to GiveWell.org and select “PODCAST” and “Tim Ferriss” at checkout.

This episode is also brought to you by Eight Sleep! Eight Sleep’s Pod Cover is the easiest and fastest way to sleep at the perfect temperature. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add the Pod Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. It also splits your bed in half, so your partner can choose a totally different temperature.

Conquer this winter season with the best in sleep tech and sleep at your perfect temperature. Many of my listeners in colder areas enjoy warming up their bed after a freezing day. Go to eightsleep.com/Tim and save $250 on the Pod Cover by Eight Sleep this winter. Eight Sleep currently ships within the USA, Canada, the UK, select countries in the EU, and Australia.

[00:00] Start

[07:06] Who is Charlie Tuna, and what are his tenets?

[30:11] Presidential ham and the value of owning coveted domains.

[34:35] Tess Diaz enters the picture.

[39:25] A domain industry overview.

[43:14] Domain investors vs. domain squatters.

[46:21] Getting a late start in the game.

[50:16] Brokering the sale of pizza.net.

[56:50] Why relocate to Panama in the midst of building a business that needed to make $250 per day?

[1:00:40] Leasing vs. buying a domain as a startup.

[1:10:36] Leasing vs. selling a domain as a holder.

[1:13:42] How important is securing your brand as a .com?