Is the “Domain King” barrel fishing by soliciting domain tweets?
If you follow the latest domain happenings on Twitter, then you’ve likely seen the “Domain King”, Rick Schwartz, take to Twitter much like a fish to water.
Of course, Schwartz is not short on words by any stretch of the imagination.
He’s tweeting 🔥 at the top of each morning. Whether domain knowledge or business insight or a combination of both, he’s squeezing in as many gems as he can in 140 characters.
By time I rise, he’s likely 6-8 tweets into his day with not many minutes to spare in between. In fact, here’s a recent tweet:
— Rick Schwartz (@DomainKing) April 27, 2017
If you follow the tweet, then you’ll likely see that I submitted a domain name.
I submitted RemoveCrypto.com at $4,500, and only heard Texas-size crickets. But truth be told, it was expected based on the submitted domain name (more on that in a minute).
This is not Rick’s first tweet of this nature where he summon’s domains for his review and discretionary purchase.
However, this particular tweet sparked an interesting conversation over at Elliot’s blog, DomainInvesting.com.
The very first comment made is the following:
“Anyone that participates in that request is an absolute FOOL. Why would a domainer give away a great domain with that potential kind of upside? And selling out of desperation is no good either, why even bother domaining…”
As I’ve seen a number of domain inquiry tweets from Schwartz, I often wondered the same thing.
Where I differ with the comment above is foolishly assuming that *anyone* that participated submitted their portfolio’s best domain name.
I certainly didn’t and won’t submit my best name on such a platform (you make your own decision). Let it be known that I didn’t submit my best domain due to this very exact thought running through my head:
Truly, why should someone submit a domain of any value for him to simply turn around and sell it for 10-1000 times purchase cost?
In my humble opinion, some domainers are often awe struck by the fact they now have greater access and visibility to the “Domain King” via Twitter.
Not to discredit Schwartz, but with all due respect, any of us in this industry are just as capable of selling domains as the next person (I know, debatable).
Yes, he’s sold and leased a few million dollar domains, and to that I simply say congrats. Good for him, but what about you?
To throw out your best domain only to say you sold *one* to the “Domain King”… simply not worth it if you ask me.
So then why did I submit a name? That’s a good question for me to know and you likely to find out in due season. Just know that the submitted domain is nowhere close to my best name… not by a long shot.
In any case, a question we all must answer, regardless if it’s Schwartz or anyone with such opportunistic requests, is the following:
“How much pleasure will you receive when whomever sells for 10X, 100X, or 1000X in a years time?”
However you decide to answer the question, you must live with your decision of taking or leaving money on the table when domain investing.
It has much more to do with your business model in its entirety, than it does a person, known or unknown, tweeting domain sales requests just because they can.