I am having a Vent Moment with Domain Qualifications & Valuations.
I recently published how to value domain names on July 2019, although I have done so before in a post many months ago and have published a book www.domainpowerbook.com
My tip on valuing individual domain names, what I usually do is send an email to my prospective clients with a breakdown of how I came to my valuation. However I recently valued a whole portfolio and as there were over 1000 domain names I just wrote in a spreadsheet the cost of each domain name. What I failed to do was submit the individual metholodgy of how I came to reach these figures, this has not gone down well with certain people and heavily critised. I cannot elaborate anymore for legal reasons but if you are ever in a position to value a whole portfolio you must also include how you reached these figures.
Moving on I then was asked if I have any qualifications to broker or value domain names?, my answer was and still is that there are no qualifications or license one must have to broker domain names unlike “Real Estate Brokers” who have to have a license……I was told that “Sedo” do qualifications for a fee, how good this source of imformation is I do not know and its the first time I have ever heard of it. It is certainly news to me and I have this gut feeling it is “fake news”. The person said because I did not have domain broker qualifications per se (which there are none that I know of) I cannot be a domain broker he also went to say if I do not have a license so I cannot be a broker (there are no licenses that I know of) so he totally undermined the amount of years it has taken me to be website developer, seo and marketing expert and the fact I wrote two books mean’t nothing. I really want to name and shame him but I cannot at the moment for legal reasons . He also said that the word ‘ketchup’ can be brokered and I tried to argue that it cannot because it is trademarked.
My qualifications are my experience I have had over the years in SEO & Marketing.
Please read the following link which will be useful to some doubting Thomas’s that I have met recently: https://www.dnjournal.com/cover/2012/august-september.htm
The person that asked was a broker/registrar himself yet by trying to discredit me he was also discrediting himself.
Ask any broker do they have broker qualifications and you will find they have none.
Until the governement regulate digital assets it falls into a gray area. This would include regulating websites, marketing and domain brokering and in my opinion they should as there are many dodgy scamming websites around.
Like I have mentioned before I cannot elaborate on the entities at this time and may in future disclose the person (broker/registrar) but he went on to ask why do I not own any old domain names?, basically because I sell them fairly quickly, that is why!!!
I have learnt a lot in the last couple of days. One of which is if you do not have enough information refuse to do a valuation……. I am not talking about domains as such per se, but more to do with a business. If a business fails to provide all accounting for the last 5/10 years and fails to show Google Analytics Reporting refuse to do the valuation. Sometimes you have to value businesses especially if they are selling a brand with their domain name, so you need to find out what assets they have before valuing their company.
****Also if you are not good at remembering acronyms as I have today and yesterday it does not mean you do not know what you are talking about.
***In my defense “I suffer with “cerebellar atrophy and jumble up my words.”.
Ocassionally when I write emails or posts you may notice my words are jumbled up or I have severe typo diarrhoea. Hence my first book I published “Domain Name Handbook” was full of spelling mistakes and grammer errors even though I proof read it about ten times 🙂 which is proof in itself I have a problem with words.
What is Cerebellar Atropy.
Cerebellar Atrophy occurs when human tissue decreases in size or shrinks to a size smaller than normal, or what is considered average. It can be referred to as body wasting, describing an observation that part of the body is diminishing. Atrophy takes place for a variety of reasons, including the following:
- Immobilization: Limbs that have been placed in casts or that are unable to function are prone to muscle wasting, or atrophy. This means that when a muscle has not been used for a period of time, it’s slowly broken down and reabsorbed by the body.
- Disease: Many musculoskeletal, neurological, and vascular diseases can lead to atrophy. Other illnesses, such as cancer, can also put a drain on the body’s resources.
- Trauma: In some instances of trauma, blood flow may divert itself to areas of the body that are in critical need. When this diversion occurs for a prolonged period of time, vascular pathways begin to atrophy and blood flow establishes new routes based on priority.
It can cause Cognetive impairement: https://www.ncbi.nlm.nih.gov/pubmed/30014499
**Cognetive Impairment is when a person has trouble remembering, learning new things, concentrating, or making decisions that affect their everyday life. Cognitive impairment ranges from mild to severe. Severe levels of impairment can lead to losing the ability to understand the meaning or importance of something and the ability to talk or write.
Cerebellar Atrophy is also associated with “OCD” (Obessisive Compulsive Disorder).
View my domain name www.ocd.cymru
Cerebellar Atrophy is also associated with Multiple Sclerosis in which my daughter suffers from and 10% of the proceeds of my book goes to the MS Charity.
Seems a bit of coincidence that my cross examination today and yesterday was discredited without knowing the full facts about my illness.
It also coincidence that I have written two books in which I mention my daughters disability and the fact 10% of the profits go to the “MS Charity”.
Had I have been asked about my disability I would have produced the evidence.
*Furthermore if I did not know what I was talking about I would have not been able to write two books on the matter of domain names…
Finally this broker/registrar asked me to help him sell his domain portfolio and would give me $600,000 if it sold, which means he has just admitted that my valuation was a conservative price and that if he was going to go 50/50 with me, his portfolio would mean was worth in his eyes $1,200,000 yet no one picked up on this.
I actually turned him down 3 times and he questioned why I did this and I quote “who would turn down $600,000?” and although I did not reply fully I would much rather concentrate on my clients assets on www.just4millionaires.com
If I sell anything on www.just4millionaires.com I get a commission of 10% and I would put in the same amount of hours on outbound marketing but for more money.
My website www.just4millionaires has high value assets to include Famous Painters Paintings including Da Vinnci & Rubens to Jumbo Jets so 10% of £20,000,000 would be £2,000,000 which would you rather do work really hard to sell a portfolio of domain names worth £1,200,000 according to the broker/registrar and only get £600,000.00 or work the same amount of time and make £2,000,000.00
I think the answer is a no brainer.
Before judging me do your research and see what I actually do!!!
***Rant over but I am vexed by the attitude of this broker/registrar who should look in the mirror before throwing stones in glass houses.
I am still waiting on an update on this assignment before I can publish anything else, but no doubt I will publish his identity sooner or later when I am legally able to do so.