Happy New Year and Welcome Back, Sherpa Network! We’re kicking things off with our beloved DomainSherpa Review! This is the show where we get into the minds of successful domain name investors – people we call Sherpas – and talk about the value of specific domain names. By listening to the Sherpas, we expand our thought process so we can become more successful investors ourselves.
We’re joined by three Domain Sherpas: Andrew Rosener, Shane Cultra and Kimberly Darwin.
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Watch the full video at:
https://domainsherpa.com/review-20180115/
Full transcript coming soon!
Complete transcript coming soon…
TESS DIAZ: Hey Sherpa Network! Thank you so much for joining us today. I’m Tess Diaz, Executive Producer of DomainSherpa.com, and this is the DomainSherpa Review. This is the show where we get into the minds of successful domain name investors, using real examples, so we can learn strategies and tactics to become better investors.
We have 3 segments of the Review. We’ll start off learning what the Sherpas recently bought or sold. Next, we’ll discuss in value an investor-submitted domain name portfolio, and finally we’ll preview some domains going to auction soon at NameJet.com, and whether the Sherpas think they’re good investment opportunities for you.
Joining us today on the DomainSherpa Review are your Sherpas and industry thought-leaders, um, I’d like to do in order from left to right, but I’m not sure, but I think our viewers are pretty smart. So, we have Andrew Rosener, CEO of the domain name brokerage firm MediaOptions.com and CEO of Ganjapreneur.com, the leading B2B magazing serving the cannabis industry. Shane Cultra, publisher of the blog DSAD.com and owner of the Country Arbors Nursery in Illinois. And joining us for the first time, it’s my pleasure to introduce my long time colleague and dear friend Kimberly Darwin, Corporate Account Executive with 101Domain. With 20 years’ experience in brand management plus domain name strategy for high profile personalities and Fortune 500 Organizations, Kimberly’s strongest skillsets include brand monitoring, discreet reputation management, global expansion strategy and anonymous acquisitions. So, thank you each of you for being here. Happy new year!
KIMBERLY DARWIN: Happy new year.
SHANE CULTRA: Happy new year.
ANDREW ROSENER: Great to be back.
SC: Had to dust off the visor, it’s been a while!
TD: I’m glad you brought your signature visor, Shane. And Drew, your sunglasses, are you gonna bust them out?
AR: No, no, no sunglasses for today. You know, this is – today is the introductory- that’s not the right word- episode since Media Options acquired DomainSherpa, and so I think that’s worth noting. And we’re really excited to be back and hope to – we hope Tess, not me- is going to keep bringing you exciting and worthwhile content, and that we can continue the legacy that Michael Cyger started.
TD: Well, I spent a fantastic couple days with Michael in Bainbridge Island, and certainly he’s passed over his precious baby to me, and I think we are going to rock and roll. So, so let’s get started if you’re ready, you want to?
AR: Let’s do it.
TD: Okay! Today’s show is sponsored by some awesome domain name industry providers, I’m going to tell you more about during the show. They include Escrow.com, Greenburg & Lieberman, ESQWire Legal Services, NameJet and more. But before I tell you about them, we’re going to kick it off with a segment called, “What’s New Sherpas?” where the Sherpas get to share one purchase or sale that they made over the past few weeks. We get to learn what they paid or received for the domain, why they thought it was a good deal, and how the negotiation progressed. I’m going to lead the Sherpas through the questions, and the other Sherpas then get to comment during the process as well. This segment, we’ll go Shane then Drew then Kimberly. Shane, what’s one domain that you’ve personally bought or sold, or your company bought in the past couple weeks? Tell us the domain name and not the price yet.
SC: Ok, I bought, and Drew kind of heard about it, I bought Propagation.com. It’s one of my names, being in the green good industry. It fits where I- what I – do.
TD: Being in the what industry, did you say?
SC: The nursery industry, I grow and propagate plants for a living, so it’s uh- it’s- you’ll see most of my names are names that I purchase that have to do with the green industry, but they never get sold to anybody in that industry.
AR: Yeah.
SC: Well, I saw that one at auction and I was – I jumped on it.
TD: Interesting.
AR: That one most likely will go to the cannabis industry.
SC: Yeah, it’ll go into a green industry, probably not petunias, that’ll be my guess.
TD: That caught my ear, I’ve never heard of your kind of gardening called the green industry.
SC: Oh, you can tell you’ve been hanging with Drew too long. We were 300 years ahead of your green industry.
TD: Ok, ok, so propagation, I’ve also never heard the term as a gardening term, and I think that’s really something really neat about domain names, is you really get to learn industry terminology, different jargon. So propagation, what does that mean in your industry?
SC: Well, it means to reproduce, so you, when you, uh, create a new plant, you’re propagating a new plant. So there’s people’s job, who, what they’re in, when you say where do you work, they say, “I work in propagation.” They take a plant and do cloning, as the ganja industry calls it, but you take little cuttings of a plant and you stick them in a rooted mist bed, and you grow new plants and you propagate them, and it’s how you make your money, it’s your life blood, when you grow the plant, it’s what you sell for a living, and propagation is again, a very important term.
TD: Oh cool.
SC: So it’s something I would have liked to buy a long time ago, but I’ll let you guys guess the price first and then I’ll tell ya kind of
TD: I probably shouldn’t have asked how important it was until uh, Drew, you want to go first, what do you think, Propagation.com?
AR: Uh, I’m going to say $10,000. I think I was in the auction for that name, and I think I missed the end of it, I don’t remember how that went down, I know Shane and I talked about it at some point. I’m gonna say 10 grand. I truly and honestly don’t remember the price, but uh
SC: That’s why I said it, I knew you wouldn’t
AR: I’m gonna say 10 grand.
TD: Ok, Kimberly, what do you think?
KD: Well, propagation isn’t just the whole green thing either, it’s also dealing with DNS and all sorts of other things in the tech industry too, so I’m gonna say 17 grand.
TD: Alright, ok, so you mentioned you bought it on auction, what what auction did you buy it on?
SC: I bought it on GoDaddy Auction, actually, which is – normally I don’t find a lot of names that go for that much, and I don’t remember if it was private listed or it had to be private, I don’t think that it was an expired, because I I made an inquiry at one point
AR: I’m going to say that was an expired name, I remember thinking wow that name expired…
SC: Yeah because I remember, I made an offer for it, 5 or 6 years ago, and he came back with, I’d have to check my emails, but it was one of those, “I want $60,000” kind of things, and um when it came back up, you know I don’t do it very often, but I kind of said, I’m gonna keep rollin and do a pretty higher price than most people will pay, because most people don’t know what propagation is. But I paid, I think it was 5500, 55-5200 dollars for the name, for me it was fair.
AR: Great deal.
TD: $5,200 for a name that you tried to buy and
SC: I think I offered them $10,000 back in the day and they were at $60,000
KD: Wow.
SC: Yeah, that happened, Drew and I could probably tell-
Watch the full video at:
https://domainsherpa.com/review-20180115/