Selling my first .AI domain name, and it’s looking like a different deal than I’ve done before

I’ve never sold a .AI domain name. I have sold .COMs in the past (sold Movon.com last month), and lately .IO domains have been doing okay for me (sold Arthur.io last month) but I’ve never sold a .AI domain name…but I think I might this month. It’s going to be a different deal than I’ve done before, but one that I’m actually feeling pretty good about.

The potential buyer is a pretty badass software developer that wants to use the domain for a open source project they are working on. My price expectations were out of their budget to start, but they threw out a cool idea, what if they included a little “thank you” at the bottom of their site to me for providing the domain name. Maybe it sounds silly but I’m a huge supporter of open source so while it definitely doesn’t represent any monetary gain to me, I like to feel like I helped contribute to some cool open source software. Okay, contribute is probably a big overstatement since I’m not writing any code, but I think the .AI name I’m looking at selling is pretty kick-ass so I think it will honestly turn this project into a really solid brand.

In return, I’m lowering my price about 75% off my original asking price. Yes, I’m taking a price hit for something as silly as some recognition for helping an open source project, but I’m actually pretty excited about the whole thing. Now you might be thinking, “Morgan, now that you’re writing about this the buyer is going to read this” And that’s fine by me, he knows I’m an open source fan and that I want to reduce the price to help him out, so I think that should be a-okay. Of course, these could be famous last words and I might write next week about the deal I lost because I wrote a blog post about it before it closed.

We’ll see. For now, I think I’m close to selling my first .AI domain and I’m really excited to see the super cool software that ends up on the domain. What do you think? Would you drop your price expectations for a little shout out on a cool open source project? Comment and let your voice be heard!

{ 13 comments… add one }

  • Mark June 16, 2017, 9:47 pm

    Advertising can get expensive, might pay off in the long run..

    Reply
  • Robert June 16, 2017, 9:51 pm

    My take – Dollars before Vanity unless you are already swimming in riches.
    Personally, i would ask for shares/ownership before recognition.
    Great negotiator playing to your Ego.
    And will that thank you be in Micro print or hidden within other text?
    And how many others will be thanked? Hundreds?
    Think harder next time.
    To each his own.

    Reply
    • Morgan June 17, 2017, 2:12 pm

      Good comments everyone a few thoughts…

      @Robert – eh this is a small sale, getting shares in a company would only make sense in the case of a much larger deal where that would make sense. Getting .00000001% isn’t worth the process for either party.

      @George – yup, definitely run that risk. At the same time, if the potential buyer reads this and backs on the deal, I’ll still sell the name in the future, just for more money. This is a rare case where I’d give someone such a huge discount so if I lose the deal I will end up making more money in the end so that’s not such a scary thought 🙂

      @Eric – good suggestions, thanks for the feedback!

      @Joe – thanks for the kind words.

      Reply
  • Brian Susi June 17, 2017, 7:17 am

    Maybe make sure the naming rights are transferable. Then you can resell it like the naming rights of a stadium assuming it gets big

    Reply
  • George in Miami June 17, 2017, 9:36 am

    “What do you think? Would you drop your price expectations for a little shout out on a cool open source project?”
    What I would have done if I were in your shoes, is keeping the negotiation to myself for one single reason.
    The potential buyer could be reading your Blog and for some reason not like it at all.
    Possible? Yes, and cancel the negotiation.

    Reply
  • Tom S June 17, 2017, 12:09 pm

    I don’t see anything wrong with writing about it now. He evidently likes the name and is trying to give you something he thinks will sway the deal. You are going to make a profit on the name now. Who knows if anyone else other than you and the potential buyer see the same value in the name. A sale is always preferable than “I should have sold it when I had the chance”.

    Reply
  • Eric Lyon June 17, 2017, 12:39 pm

    There’s nothing wrong with negotiating for a lifetime backlink in the footer of every page of a website. However, you may want to consider a keyword/phrase to use for added value in the search index for that phrase. You’ll also want to keep the word/phrase as close to relevant as possible to their site content so the link provides more authoritative value. Maybe even link it to a specific article you did about a similar niche topic. Once on the site, your navigation will do the rest to retain their interests.

    No big deal if it’s just a company name link, it will still help you, just thought I would toss out the above as an option for even more potential benefits.

    Reply
  • Joe June 17, 2017, 12:47 pm

    Well done help another person to have budget under your project is open source and even more AI.

    Congratulations Morgan, for your good deed.

    Reply
  • ☮.com June 17, 2017, 11:21 pm

    You do what you feel is right. It’s obvious you want to do it, so just do it. Who cares what we think.

    Reply
    • Morgan June 18, 2017, 9:28 am

      @☮ – definitely good to do what you feel is right…at the same time I always value what my readers think, in some cases it challenges me to think differently which is always a good thing IMO. In this case the buyer has agreed to the deal so it looks like this one will happen, but I always say it’s never done until the money is in the bank.

      Reply
  • Alvin June 19, 2017, 8:00 pm

    You seem like a bright man, Mr. Linton. Why do you waste one iota of your precious time with a domain that lacks a .com ending? .AI???? LoLoLoL! You will see your sales rise quickly when you finally stop selling snake oil to suckers.

    Reply
    • Morgan June 20, 2017, 8:39 pm

      @Alvin – haha, well thanks for the compliment and while I think focusing my investment strategy on non-.COM would be silly, I think not exploring other markets would be equally silly.

      Reply
  • Manu June 23, 2017, 11:55 am

    @Morgan Could you please check with the buyer if he is also interested to acquire the domain name oai.co for his Opensource Artificial Intelligence project.
    This will be an exact matching domain name for his requirements.

    Reply

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