New Directions for Domains, Domainers, and Domaining
6 Apr
Save your dime is a older expression referring to pay phone calls costing a dime (10 cents).
The point was when someone was not there to get the call or if someone really didn’t care, then you didn’t waste your change making the call.
I wish that was the case this past week
I was contacted by someone who knew that I knew a great deal about medicine and I was an “insider” of healthcare. The person making the call had seen one of my domains I was selling and had one just like it and just as good.
How many times have we heard, I have one just like it, when we were growing up? I have to laugh here a minute. We train therapy dogs and freely donate our time to this. My wife and I started a reading program at a local elementary school. The children read to the dog. The point is to build confidence in reading, reading aloud, and reading with other people around. Kids lose all inhibitions when reading to a big fluffy dog. It also helps identify children who are introverted, speech problems, or just plain shy. The program has become so successful in the two years my wife has been doing this it is now written into the schools curriculum.
My wife tells me how much she loves it and the kids come in and exclaim, I have a dog just like that when they see Cotton. Cotton is a Labrador Retriever, white, and as the name implies very soft and fluffy. As the child goes on to describe their dog, suddenly their dog is smaller, bigger, white, red, blue eyes, shorter tail, shorter, taller and so on. By the time they get done they actually might have a Chihuahua or Great Dane.
The person who contacted me I do not know very well. The domain name they had was not just like mine but fit in the same specialty. I related to that person that without any direct marketing my fee was 10% of final sales price. They were in agreement with this if I sold it for more than they were asking. I had never encountered this before and told them that this applied to the entire sale. The other party disagreed. Their point was if they want XXXX and I get XXXXX then they would pay the comission on the amount over their asking price.
I attempted to explain that this is not how it works but was cut short by,
“I know how it works but I won’t agree to those terms. You should not get a commission on what I am asking but only what you make get above that. That is the incentive to work for your money. You work on commission.”
Hmm.
Any takers?
7 Responses for "Save Your Dime"
[...] But NO Thanks. Save Your Dime looks at a new twist on what people think brokering domains should be. I do not think this will [...]
Where did you get your blog layout from? I’d like to get one like it for my blog.
http://designdisease.com/
Title Illacrimo.
Nice to see that you liked something about the blog
So, let me see if I got that right.
Domain value is $1,000
Seller want $1,000
You sell it for $1,100
Seller will give you $10 commission?
If so, that’s ridiculous.
Broker should get $110, NOT $10!
That was their logic. It makes you wonder what they were thinking when they mentioned brokers had to work for their money.
If you’d like, I will be happy to pass on your phone number.
You know, I have been brokering names and I have had people who feel that I need to work for my money as well. What I don’t understand is why people feel I should work for free while they just sit back & collect the money. I am starting to think that people have a misconstrued thought process of what a domain broker really means.
Good post, I enjoyed your dialogue.
Patty
Hi, Patty, and thank you for your comments.
I guess what struck me most is this comment came from a person who had been a domainer for awhile.
They are aware that I can pinpoint niche or broad markets and wanted to reap the benefits but not actively participate. After all, if I had access to this certain market then they would not need to work it.
My market is not another domainer(s) but the enduser(s). That is who I would be going after.
I don’t mind helping anyone. But how is me, doing all the work, helping? That is me – doing all the work.
Will look in on your site and hopefully share some of your thoughts.
Peace.
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