"We are very excited to partner with Select Sotheby's International Realty on this unique project and to be working with John Burke," Grant (who is based in Lake Placid, New York) told us. "If this first site performs the way we think it will, it may represent the future template for a major build out of our powerful New York real estate network in select markets."
The RealEstateDirectory.com was founded in 1996 by Grant who owns the largest network of geo-targeted real estate domains in the world, including LondonRealEstate.com, JapanRealEstate.com, TokyoRealEstate.com, AustraliaRealEstate.com and GermanyRealEstate.com, as well as hundreds of other countries and cities around the globe.
"Our current strategy is to partner with companies like Sothebys here in Upstate New York which offer excellent inventory and a large network of experienced agents," Grant said. "It's critical that we have internet savvy agents who can handle these real estate leads and convert them to actual sales."
Throughout New York State,
RealEstateDirectory.com owns domains representing the most important markets
throughout New York State, including
AlbanyRealEstate.com and SyracuseRealEstate.com to name just a few. The
majority of these domains are still utilizing a traditional parking based
platform generating PPC revenue, but Grant has his sites set on forming
more development deals like the arrangement with Sotheby's to unlock the
full potential of these domains.
"As the traditional PPC revenue model slowly dies, large domain portfolio owners are now finally moving into the next development phase," Grant noted. "For real estate domains, the highest and best use has clearly always been as fully developed real estate portals. The commissions which can be generated from the sale of physical real estate dwarf any other revenue model we know of."
"The way we've structured the LakeGeorgeRealEstate.com deal with Sotheby's is that RealEstateDirectory.com owns the actual web site and Select Sotheby's International Realty provides all the unique inventory and listings. Its a very simple and straight forward arrangement. If we can generate the leads, Select Sotheby's International Realty agents can convert these leads into sales," Grant said.
This is part five of a series of five with one piece of advice from some of the most successful domain investors, domain developers, domain monetizers, and others involved in the domain industry. I asked them for one piece of advice they would give to a part-time domain investor looking to build his business. I believe there are quite a few people who are part time domain investors, and I also believe just about anyone involved in the industry can apply some of this advice to their own business models.
I really appreciate all of the contributions from the industry leaders who contributed, and I hope the advice contained within is helpful to you now or will be helpful to the growth of your business in the future.
Rob Grant, Winter Sports Network.com & RealEstateDirectory.com:
All it takes is one good domain.
The rest will follow.
Today, our domain space has become increasingly cluttered with domain litter useless extensions and obscure country codes that blow around in the wind like trash in a vacant lot followed by domain investors running wildly around chasing all this garbage.
click here for Elliots Blog with Rob Grant Interview
here for Elliots Blog
Grant walked away from a dream job on Madison Avenue so he could move to New Yorks
Adirondack Mountains, even though there was no job waiting for him there. We
happened to get lucky because we hit that market just as the Adirondacks were
starting to be rediscovered, Grant said. People were starting to come
up from New York, New Jersey and Boston and I found I was able to sell the residential
properties for two and three times what I paid for them. That kind of ushered
in my real estate era. As the economy started growing again, Grants business
boomed. At this same time, in 1995-96, Grant became aware of the Internet and
domains. That was a remarkable awakening for me because I had the Madison
Avenue marketing background and I had the real estate background and suddenly
these two powerful thing merged. I looked at a domain and thought My God, not
only is this a brand as the Internet develops, but it also has all of the properties
of real estate, Grant said.
LOS ANGELES--(BUSINESS WIRE)--LeaseThis, LLC announced today the introduction of LeaseThis.com, a radically-new, cutting-edge Internet advertising platform that seeks to revolutionize the business of online advertising. Research has shown that while the number of global Internet users is growing exponentially, the availability of premium, targeted domain names is rapidly decreasing. The result is an increasingly difficult task for businesses to establish an online presence, or even reach out and attract new customers, through a meaningful domain name.
LeaseThis.coms proprietary, patent-pending technology is designed to address this issue by better aligning the interests of online advertisers with those that control the Internets premium real estate. We are the first company to offer domain leasing on a scalable, global platform, thereby releasing the incredible value of premium domain names to businesses and individuals around the world, said Jonathan Boswell, CEO and Co-Founder of LeaseThis.com.
The value of a premium domain name is easily illustrated in the real (as opposed to virtual) world of real estate. According to the 2005 NATIONAL ASSOCIATION OF REALTORS® Profile of Home Buyers and Sellers, 82 percent of first-time homebuyers and 78 percent of repeat homebuyers used the Internet to search for homes, and 24 percent of buyers actually first found their home on the Internet. For many Internet users, that search starts with real estate domains. For example, a prospective buyer looking for a home in Atlanta often types AtlantaRealEstate.com (www.AtlantaRealEstate.com) or AtlantaHomes.com (www.AtlantaHomes.com) into their web browser. With a median home price in Atlanta of $265,000, it is easy to see the intrinsic value of this type of highly-targeted traffic.
Furthermore, a recent study conducted by WebSideStory, Inc. (www.WebSideStory.com) shows that this type of direct navigation has a conversion rate more than 80% higher than that of traditional PPC (Pay-Per-Click) advertising on Yahoo! and Google.
Ammar Kubba, COO and Co-Founder of LeaseThis.com, acknowledges that the early response has been tremendous. Businesses desperately want access to this premium traffic, yet the current PPC model often fails to capitalize on the true power and value of premium domain names, to the detriment of both advertisers and domain owners alike. With LeaseThis.com, we now have the ability to deliver this highest-quality traffic directly to the businesses that need it most, in the most efficient and compelling manner possible. We see it as the next logical step in the evolution of search marketing.
To develop its comprehensive and unrivaled inventory of premium domains, LeaseThis.com has been working closely with prominent domain owners such as Rob Grant, CEO of the RealEstateDirectory.com, which controls one of the worlds largest and most sought-after portfolios of Real Estate domain names. According to Grant, the advantages to controlling a valuable domain on an exclusive lease basis are significant. By leasing a strategic industry domain, companies can now effectively leap frog over their competition. Instead of merely being listed with dozens of other advertisers on a traditional PPC template, one company alone will have the exclusive use of these extremely valuable domain properties.
initial release of the LeaseThis.com platform is currently available exclusively
to select beta partners, in preparation for a full-scale global launch in early