Broker Brooke Hernandez on Selling Million-Dollar Domains and Overcoming Objections | Saw.com
Feb 7, 2024
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Brooke Hernandez, domain broker at Sawcom, shares her decade-long journey in the domain brokerage world. She discusses debunking myths about domain investments, the emotional rollercoaster of leaving Uniregistry after its acquisition, and the camaraderie in the industry. Topics also include negotiating domain purchases, selling high-priced domains including one featured in a Coca-Cola ad campaign, and interesting domain sales and acquisitions.
Highlight the importance of a strong domain name for establishing a brand and credibility, taking into account changing search engine algorithms and SEO benefits of an aged domain.
When faced with budget constraints, gather more information about funding and explore alternatives such as payment plans or equity options to align interests and find a solution.
Successful negotiation involves gathering information, exploring alternative options, and collaborating with different parties to find creative solutions that benefit all parties involved.
Deep dives
Emphasizing the value of a strong domain name
When faced with the objection of hand-registering a domain or relying solely on SEO, the response is to highlight the importance of a strong domain name for establishing a strong brand and credibility. This includes mentioning the changing algorithms of search engines like Google, the SEO benefits of an aged domain, and the potential cost and competition of SEO efforts. Additionally, discussing the branding and marketing potential of a good domain name can further highlight its value.
Overcoming objections about board approval
When a buyer claims that their board will not approve a domain acquisition due to budget constraints, the strategy is to gather more information. This involves understanding the funding allocated for the domain and discussing alternatives such as payment plans or equity options. For larger organizations with a board, the focus shifts to finding out when the next board meeting will take place and engaging in further discussions to align interests and find a suitable solution.
Negotiating creatively with government-owned domains
The summary shares a story about acquiring a domain name for Yahoo that belonged to the Montenegrin government's reserve. By recognizing an opportunity with the .me extension and proposing its usage, along with establishing a relationship with the government representative, a successful negotiation was achieved. The story emphasizes the importance of gathering information, exploring alternative options, and collaborating with different parties to find creative solutions that can benefit all parties involved.
Selling unique and unusual domain names
The summary highlights the experience of selling unique and unusual domain names like Ponyplay.com. It emphasizes the importance of understanding these niche markets and demonstrating awareness of their value to potential buyers. It also showcases the significance of building relationships with clients and being knowledgeable about different industry sectors to successfully navigate sales in unconventional domains.
The camaraderie and friendships within the domain industry
The summary mentions the strong relationships and friendships that can develop within the domain industry. It emphasizes the supportive and collaborative nature of the community and the benefits of building connections with competitors and colleagues. This highlights the unique culture and camaraderie that exists within the industry, contributing to its sense of unity and shared goals.
Tune in to hear from a domain broker with a track record of selling million-dollar domains like Bunny.com, Ollie.com, Pin.com, Anatomy.com, Spill.com, and many more. Join Saw.com's Brooke as she shares her experiences overcoming the toughest objections in the domain industry.
Discover what it's like working with us for over a decade—and yes, poor gal indeed! Follow her on LinkedIn: https://www.linkedin.com/in/brookehernandez/
About Saw.com
We’re passionate about digital assets here at Saw.com. It’s our mission to create a transparent environment where you know what’s happening with every step of your domain sale or acquisition (and secure the best possible price!)
About Jeffrey:
Jeffrey M. Gabriel is the founder of Saw.com, a boutique brokerage that specializes in acquiring, selling, and appraising domains. With over 14 years of experience in the domain industry, Jeffrey has a proven track record of closing multimillion-dollar deals and delivering exceptional value to his clients.
Jeffrey's core competencies include remote team management, online marketing, and strategy. He is passionate about helping businesses and individuals achieve their online goals and dreams. He has been involved in some of the most notable domain sales in history, such as Ai.com, Sex.com, and Poker.org. He is also a Guinness World Record holder and a frequent speaker and writer on domain-related topics.