For this interview, we talk to Donald Williams Jr who is an experienced domainer and veteran member of various domain forums.
Q: What is your name and what company do you represent? Website?
A: Donald Williams Jr aka Biggie.us
I don’t represent any company, but my website is urlpick.com, though I’m currently redesigning. It has been online since 2002.
Q: How long have you been domaining or domain investing?
A: I started domaining in 2002, with a $500 credit card limit.
Q: How many domain names have you sold to date?
A: Can’t really say off-hand, maybe 300 > 400 names.
Q: Can you share one story of a successful domain name sale?
A: Well, I think all of the sales are successful and profitable, but majority of my sales have come passively, where the buyer has contacted me via email/phone or has submitted an offer on one of the 3rd party marketplaces such as Sedo, Domain Name Sales or Afternic.
As for stories, I sold wsm.org for $4K, which was purchased by an end-user and developed as ministry site.
I acquired the domain for $600 in a namejet auction a few years prior to the sale . The buyer contacted me thru email, (as they searched “whois” to get info). They asked if the name was for sale and I replied with a price, after a couple of exchanges the final price was agreed to.
The majority of names I have, were acquired when overture tool was still active, prior to 2007.
I bought quite a few from namejets’ predecessor ClubDrop, where they had “reverse auctions” for expiring names. I also purchased from other domainers on forums, made purchases thru sedo, etc..
I have sold names on forums and had a recent sale on sedo – amwt.com for $1,200.00. I paid $102 for that name in 2007. I believe it was a Chinese buyer.
Q: Do you think there is still opportunity for someone new to the domaining business?
A: Yes, but I think new entrants should be more cautious about spending money, unnecessarily. I think newbies have become a profit center for many who came before them.
Q: What is your top advice for a newbie domainer?
A: I think one should read, especially past sales threads and domains wanted threads, get an idea of what has sold and what buyers have been looking for over the years. Question everything, take nothing for granted and “to not assume”, based on another’s assumptions. Feed yourself, rather than being spoonfed.
Q: What is your outlook on the domain industry?
A: It looks good for those who have set themselves up for the future.
Those who have a revenue stream, which puts them in a position of “not having to sell” their names to survive. they can afford to speculate the most and get highest returns from sales.
For those who have flip mentality, they will still have to buy and sell more often, thus having to replenishing inventory, in an effort to maintain. So I think the industry, as such, will remain active for some time to come.
Got any questions for Donald Williams Jr (aka Biggie.us)? Post your questions below or you can hit him up at NamePros: biggie