Rick Schwartz shared what he deemed a successful Domain negotiation. It was quite comical, and illustrates something I have been saying to friends in the corporate world for years. “If you are going to try to buy a domain name, find out who owns the name and see if you can research them.” Because someone would have to be batshit crazy to email Rick and offer $3,000 for a name like BodyCam.com.
The Wearable And Body-worn Cameras Market is expected to reach USD 7.5 billion in 2024 and grow at a CAGR of 15.96% to reach USD 15.74 billion by 2029. (source)
I will say I was drinking some green tea that I spit out in laughter when I read the closing line of “You blow them a new asshole, and you ride into the sunset.” That should be the title of a book on domaining, hahaha.
The actual text from a successful Domain negotiation TODAY:
“We are interested in purchasing http://bodycam.com for a small project we have. We have similar domains already but http://bodycam.com would give us a shorter option. Can you please tell me the price of this domain?”
Me: Probably wont work for a small project. Into the seven figures.
“Hi Rick, We would be willing to offer $3,000 for http://bodycam.com”
Me: You’re ridiculous. Beat it. “
The offer is on the table in case anything changes.”
Me: Go fuck yourself
And that’s how you do it! You don’t waste time with jerk-offs! You blow them a new asshole, and you ride into the sunset.
Hi, Bodycam is more actual for police etc..
I think mid high 4 figures is ok.
Jmho
I think you’re a little low on your valuation but he’s a little high. 5-6 figures for cop cameras would sound good.
Maybe giving them a reasonable education (be it canned text or not) could have worked better for those outsiders to understand domainers and domaining in the long run.
Domain King? He sounds more like Domain Karen.
I think the way each one of us would of handled this is heavily dictated by our personality/character.
Getting a low ball offer or offer lower than we had hoped for is nothing new or shocking. We have read many times how low ball offers can turn into great large transactions. Across all types of business we deal with tire kickers or people taking their shot. I am often reminded we all start somewhere, myself included. Dealing with them in kindness and taking the chance to educate and not burn a bridge would have been my approach.
Regardless of factors such as time in life (age), financial stability (or instability) and no motivation can result in such uncouth behavior. But is not excusable.
If there is a lesson here it is how not to behave, how not to treat people and that no amount of money is worth coming across in this light or to prove a point.
If anything my hat goes off to the “The offer is on the table in case anything changes.” reply. It shows decency.
So in saying that my reply would have differed greatly. But maybe I am just a Banana.
Axon, a manufacturer of body cams, had annual sales of 1.68 billion. Mr. Schwartz is exactly correct in his approach.
So what you are saying Kevin is that if a company for a keyword domain you own has 1B+ in sales, you get to be a jerk when you get inquires. (Inquires by them or not)
Just curious, what is the threshold for that, like say a company in a specific industry does $10M a year in sales or is the cut off $2M ?
What is the price point to throw out decency?
And there are two sides to every coin, if you feel being a jerk to an inquiry out of principle than maybe that large company may feel like not buying from you out of principle. You are burning a bridge you never had to. What you are implying is vulgarity and rudeness are key to getting large offers out of buyers.
Did you ever think people do business with other people in spite of their behavior.