The end of the year is a great time for domain investors to make upgrade deals!

Industry Information 27 Dec 2023 03:38:01 PM By:DN domain name editor
Abstract:

Based on years of experience in the domain industry, it has been observed that in the final week of the year, especially upon receiving offers or inquiries, sellers typically pay more attention to transactions.

In the final week of the year, the domain market experiences a relatively slow pace due to many company employees taking year-end holidays, and management being busy planning projects for the upcoming year. For startup companies, this presents a favorable opportunity, as sellers often offer domain names at lower prices to clear inventory and generate funds.

The end of the year is a great time for domain investors to make upgrade deals!

Based on years of experience in the domain industry, it is observed that in the last week of the year, especially upon receiving inquiries or offers, sellers tend to focus more on transactions. Despite people potentially enjoying holiday festivities during this time, it doesn't hinder the focus on important deals. Additionally, many investors find themselves in a negotiating lull, allowing them to concentrate more on handling transactions.

Apart from garnering increased attention, there is usually a preference to conclude transactions by the year's end. This may be because investors are striving to meet financial goals, and the final deal can contribute to achieving or surpassing these objectives. Considering the holiday period, agreements and transaction details can be finalized during this time, allowing for a quick closure upon returning to the office.

Even though many people travel or take vacations during the holiday season, the widespread use of mobile devices ensures that those willing to engage in transactions can find time for negotiations during this week. Due to increased holiday spending, this week may be more favorable for striking attractive deals compared to other times of the year.

Therefore, founders and CEOs should seriously consider this opportune moment, working towards securing ideal domain upgrade transactions by year-end to propel business growth in the upcoming year.

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The end of the year is a great time for domain investors to make upgrade deals!