Time of the month

Time of the monthTiming seems to be playing a large part in the success and failure of a lot of what I am trying just now, not just luck but it’s pretty apparent that with a bit of thought you can improve chances of success when selling and save money when buying.

As mentioned previously there is a huge industry that revolves around domains expiring and being caught, this is a double edged sword, on the one hand these people can catch domains and pay £5/$10 for a domain that they then want to sell for a huge mark-up which is fair enough. When you buy domains you are always going to be paying a huge multiple of what the owner bought it for and that really plays no part in its valuation, everyone has to make a living.

On the plus side there are quite a few people who make a full time living catching/buying & selling domain names. This means that near the end of the week or month you can grab a bargain, some domainers have to sell to raise money for their bills so staying alert and catching a bargain is all part of the fun. When bills have to be paid sometimes good domains can go for lower prices especially when the domain has just been caught – I have picked up a few freshly caught domains at remarkable prices.

Companies seem to be more receptive to sales nearer the end of the month when buying from them, for example domain dealers like BuyDomains.com seem easier to deal with nearer the end of the month with more chance of getting money off the asking price. Conversely when trying to sell something companies seem more receptive to discussions at the start of the month, perhaps this is all simply down to budgets and targets, which is fine – but if you have one stab at making contact with a company to make a purchase or sale make sure you think carefully and time it well, catching a company at the wrong time could hamper a deal worth thousands.

Something as simple as trying to contact a company with a nice unused generic domain name during their end of year audit can get you a quick no, a month later after they had passed the flurry of work that goes into wrapping up a years books may have led to a different answer.

I honestly think timing has had a much bigger impact in my successes and failures than I realise and it’s something I am giving more time and thought to when going about my business.

About Scott Jones

Scott hails from the north east of Scotland and started earning online at the end of 2000 building websites for local businesses during which time he won an award from Lord Alan Sugar for Excellence in Enterprise. After having quite a bit of success with domaining Scott mainly runs educational evergreen websites which generate over 3 million visitors per month but is always on the lookout for a fresh thinking out of the box way to turn a buck. Follow on Twitter.

Comments

  1. Thats a great point about contacting companies after full year accounts and also at the end of months. I never even considered timing when buying/selling.

  2. Timing is definately important, but it’s not everything. 😉

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