So, has it always been like this on this forum? I see pages and pages of posts of people trying to sell lists of domains with no responses except themselves
Some of these names are decent too...since I haven't been on this board that long, I was just curious if this was always the case since it's free here. Or maybe your domain just really has to STAND OUT??
It used to be you could at least make your money back on lower quality domains...seems like those days are over.
I think the economy has a lot to do with it. Not sure what exactly it's like down south (although I hear it's bad), but I know that in a province like Ontario where manufacturing generates much of the income for families, disposable income is scarce.
Many people are spared from the tough times but hold onto their money when they hear all this hype surrounding the looming or already landed recession. From the way it sounds, sometimes they talk as if the world is going to end.
I'm not sure this industry has ever experienced a bit of a lull, perhaps one is on the way leading to the BEST time to buy.
I'm using the opportunity to buy what I can, but it's almost certainly the condition of the economy that has people selling off names. I picked up a LLL .org for only $200 today, for example.
Yes prices are certainly tumbling down due to the economy and the gas prices. I would rather buy more domains than spending it on gas but I've got to be somewhere. If walking is an option from point A to B, C, etc, etc. I'll just not drive my car at all. It cost about $40 to fill up my tank. Thats about 5 domains that I can register.
LOL, that's so true. We can thank the lovely US media for that. It's true that times like these are great opportunities for those brave enough to seize it...and smart enough to know what to seize and what to let go of...take stocks for instance, if you play your cards right, times like these can make you a millionaire in half the time. It's just knowing what solid stocks are being sold for below value...it's tough to know.
If times are tough, it is better to setup an online business, for less than $1000, if you had to go out and setup a brick and mortar business, it would be $xx,xxx in startup costs. I don't buy this whole gas business... sure gas prices are higher... but by what factor is it hitting the bank account, $100 per month?, It is about the end user catching up to the domain sellers... I see many quality domains, as well as many garbage domains for sale... There are many domainers who are holding 100+ portfolios waiting for end users, to purchase their domains, one by one, and when they sell one, they re-invest.... it is strictly supply and demand, in the build out process.
The domain industry has sucked in alot of people thinking easy $ is too be made, and I am one of them!
Unfortunately timing is everything and with the parking issues, recession, fuel costs, media scare tactics and the like , domaining has taken a major hit.
well everyone needs a lot more profit and the actual thing goes that companies are still not recognising how they could take their works or bussinesses online and globalised. and i have been sitting in this hope that the day comes soon. i am sure the number of companies in the whole world far exceeds the ones who are involved in domaining.
Yup the sales have definitely gone down. Even good names with a little bit of speculation are being ignored. Only sales i can see are either LLL, LLLL or small time domains.
Smarter people are stocking up better names to profit when the tide turns
That Sahar guy can say anything he wants...he made his money..... bottom line is that the OP has made a VERY valid point. Domaining seems (to me) to be going down the drain, unless you own a very rare premium .com. It's like all or nothing these days. Sales are dropping everywhere.
A lot of people are actually expecting you to sell a decent/ok domain for $20 or less
You'll be hard pressed to sell anything for a few hundred. The longer this continues, the more "permanent" this state of affairs and mindset will continue, even when the recession is over....
can you show some to me?
I buy names daily, and so are others.
More and more valueless names are being listed.
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Actually that statement is true. The media is not telling us the truth. It is a hell of alot worse then they say it is.
If you knew the real truth about the worlds economy, you would be buying food and essentials for the next few years downturn and not domains if you have limited funds. The future until at least 2012 will be the largest downturn ever seen.
Bottom line.. domains that are not top domains are going to end up not being renewed as this economic onslaught continues and more and more domainers need that cash to buy essentials.
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Last edited by goodkarmaco : 06-24-2008 at 12:08 PM.
Reason: misspell
Domains are a world wide enterprise, US economy might be bad, but in Canada, natural resource rich country, house prices are still going up in places such as Vancouver etc... might be a slowdown with the US economy based on speculation, but people are not exactly jumping out of buildings, if anything domains should pick up in economic downturn as they offer people more profit, on less risked capital.... anyone with $100 can setup an online business, the same cannot be said with a storefront.....
I said some domains are of decent quality listed on namepros...but they are not free... so your saying every name listed on here is absolute junk... unless it costs next to nothing... In downturns ppl sulk, cry, and whine, but if you have cash to spend, deals can be had...... I bought a 2 word .com insure#######.com for $5, and it has already done $12 at sedo in less than a week in PPC revenue... also bought a poker###.com domain for $15 and sold it for $4XXX 17 days later.... I agree domain offers in the marketplace are decreasing from end users... but the potential is still strong.
Last edited by onlinedomains00 : 06-24-2008 at 12:39 PM.
The domain industry has always been a boom and bust industry, huge booms followed by huge busts. At the top of the boom people forget about the busts, and start working out how long it will be before they retire (assuming their domains continue to go up at 60% per year!) What we are seeing now is a very healthy cleaning out process following on from that. The business models that aren't sustainable (like crazy buyouts, highly speculative extensions, premiums names being sold on nonsensical multiples) get worked out of the system, it is good for the market.
You have to remember, a lot of people dont want other people knowing what they are buying and for what prices. So people tend to pm people and settle a deal without replying in the thread.
Though i must say the market place on here is bursting at the seems but there are plenty of good buys. I remember when the prices were really inflated on just about every thread.
Its always the domainers / developers that are seasoned and who already made their $$$$ in this industry before now that have th luxury to say its only a temp problem blah blah.
Hey MR. successful domainer with all the $$$$ and sales behind them. Try starting in this business within the last year and see how upbeat and positive you stay! I can stay as upbeat as the next guy WHEN my portfolio is loaded with generic .coms and I already made $$1000's selling them in the past. Lets see how you do now starting as a newbie.
You would be bitchin just like all us poor domain shmucks that missed the gravy train!!
It's true that times like these are great opportunities for those brave enough to seize it...and smart enough to know what to seize and what to let go of...take stocks for instance, if you play your cards right, times like these can make you a millionaire in half the time. It's just knowing what solid stocks are being sold for below value...it's tough to know.
