Morning Folks!!
So I get a contact from a business broker via LinkedIn. OK, let's hear what he has to say. So in my normal course of business whenever I hear someone selling me something it will inevitably all boil down to ONE question from me. Just ONE! ONE! Pretty simple right?
But guess what, the weak will do anything to avoid answering just the simple one question. A simple question. One I asked 3 or 4 times w/o an answer. JUST ONE!
"First tell me what you know about domains and their value." Simple right?? Not difficult. Even f you knew ZILCH you would think an intelligent broker that even had 1/2 a brain and was not lazy and incompetent would do the SIMPLE research and give me an intelligent response.
But what did the WEAK BUSINESS BROKER say after me repeatedly asking the same simple question......"Most potential sellers that we have worked with in the past have had a very inflated value - financial buyers pay multiples of earnings." That's the weakest garbage that brokers use all day every day! It is a flashing neon forehead sign that says AVOID!!! If that's their lead, RUN!
He is devaluing my assets without knowing a damn thing about them!? He is useless and foolish! My only regret as we talk "Multiples", is that I only have 2 middle fingers 2 show him. He deserves a much better multiple and response!
Let me respond to this weak, time-wasting broker...."Most potential brokers that we have worked with in the past have had a very deflated value of themselves and what they are trying to sell - dumb buyers led by weak brokers paying multiples of earnings based on no skill to see the future. They can't see past their calculator. Nobody needs a broker for a WEAK SALE! We all have that capability at birth!"
Rick Schwartz
Jeff Schneider
Hello Rick,
“We can’t comment on individual deals but big brands continue to purchase the worlds best domain names in private transactions. My estimate is over 90 percent of brand acquisitions are never reported and many of those acquisitions would rank in, and exceed, the top sales published by DNJournal every year. Premium domain name sales are not slowing down, only the available inventory is.” JAS
Gratefully, Jeff Schneider (CONTACT GROUP)
Marco
Rule #1 Stay away from brokers.
Rule #2 Don’t forget Rule #1
steve
There are some outstanding domain brokers
The one who contacted you is not in that category.
Never heard that one: valuation of domains based on multiple of earnings —
what? Get outta here, broker wannabe.
Bill Roy
Rick, Somehow I don’t think the ‘wannabe broker’ even had the sense to research you let alone learn about domains and domaining. OMG what an AH he must be. LOL
(By the way I saw this week that you acquired ‘Cult.tv’ – GREAT buy, that could prove a really popular website or even of course a fantastic name for a tv station. My hat off to you ‘King’ – yet again.)
Jose
Luckily with those that I give premium domains with appraisal carried out by myself, very few have rejected the same which I usually expand because there is always negotiation until reaching an agreed figure.
Danny Pryor
“I regret that I have but two middle fingers to raise in derision to such foul flotsam!”
Hey, it could be a quote one day. LOL! ;-)