opinion My first BIG aftermarket Buy. Should I go for it?

[WhoaDomain.com]

Hello NP,

This should be in the Pre-Purchase appraisals but I figured since I'm not mentioning the domain it's not the right "fit" for that thread. I'm sure mods will put it in the right "spot".

Anyways.

I like starting threads that get people talking (as you can tell)
So I have a chance to buy an AGED domain (To be announced later if I buy)
It's been registered since 2004. The "ask" was $3000. I bargained it down to $2200.
plus it's a single word domain.Brandable too.

I wanted the deal to be done thru Escrow.com but this person seems to want to go thru Sedo and wants me to pay the 3% sales tax. (should I question this?)

just on age alone is $2200 a fair price for a domain regged since 2004 but has 1 drop?

now here's the kicker. A similar domain (developed) sold for $30+ million few years back. (I won't tell)

(but I bet you all will start to do some research to figure out what that domain is right now just for fun.)

so back to my question. is $2200 a good price all things considered?

It's a big move for me doing this.

worse case scenario realistically this single word domain is 7 times cheaper than thee ask price of a similar domain that's a 2 word domain.($15K)

So I could sell quickly maybe to that 2 word domain owner for a quick flip. or prepay for 10-20 years renewal and wait for that "retirement money" lol?

yea yea I'm a dreamer but I really did my homework on this one. I wish I could spill the beans but to protect myself I rather keep quiet.

 

[tha-she]

Honestly sounds like a speculation investment from reading what you wrote.... dont know if id personally speculate with $2.2k, guess it depends on the name but you dont seem confident... so either drop the idea, or re-ask yourself if you are getting a GOOD deal.

My 2 cents...

 

[000]

OK, I changed my mind.

Buy it and learn the lesson the hard way, since you don't seem to be learning much through input from those who have far more experience than you.

In the end, wasting a couple grand now may be better for you than slowly wasting even more over the next however many years that you continue basing your investments on impractical dreams.

 

[Cdomains]

If this name is listed at Sedo chances are other more experienced investors have already passed on it, wisely.

There are so many eyes on the market these days the chance that you have found a real gem that was overlooked is slim.

 

[hookbox]

I just randomly chose the word "strenuous" to type into Estibot to see their valuation. They give it a $17,000 estimate and it sold on Sedo in 2012 for $688. Most people can't spell it and don't even know what the word means. I can't imagine anyone ever paying anywhere near $17,000 for this word. Estibot is full of shit. imo..

 

[Cdomains]

Estibot is full of sh*t. imo

Yes it is and it blows my mind that even more experienced investors still use this for valuations.

 

[alcy]

Yeah, because they do not know any better.

It is fun to look at Estibot, but it is not really necessary, and can be dangerous for a newbie if they believe the valuations given.

that's exactrly my point. because they do not know better, every time and everywhere you see the word estibot on np, you should hit reply and say "pay no attention to the domain vlaue it shows".

you will do a lot of people a lot of good if you do that.

cheers

 

[Cdomains]

Just because someone has an ask on the domain of $15k doesn't make it worth it.

Exactly!

How many newbie domainers put ridiculous prices on their domains?

 

[WhoaDomain.com]

$2,200 seems low for a one word domain unless it's a fairly long word that doesn't have a ton of possible uses.

How many extensions regged in?
How many letters?
Any of the other extensions for sale and how much?
Any other existing businesses on the other extensions?
How many .coms regged using this particular word as the prefix and suffix? Check ZFbot.
Trademarks using word?
How many possible users on the first few pages of Google when searching this word?
Ads for the word?
When was the last time Whois changed?

These are a few things I would look at.

Letter's? (too much info there. rather not sorry.)
you bring up some good question of things I did not even bother to check to help me price this domain!
the domain in .com? I just checked now. thee .net and .org are taken.

damn! as for ads for the word? this is BAD. NONE not one! . might use that as bargaining chip.

no sale what so ever on namebio in either suffix or prefix for this name. (another bargaining chip?)

no trademarks.

as for possible end users. I just did a quick check and offhand for sure? at least 9 definite endusers who could benefit with an "exact match" domain. this is not a brandable but an EMD single word.

these endusers are pumping billions into this keyword.

 

[Cdomains]

If this is really a worthwhile domain then the owner has likely had many offers before.

Maybe it is still available because it is not as good as you think.

 

[Constantin S]

Like people said above, without knowing the domain we cannot say: "yes" or "no".
IMO if you belive it's a domain that worth 10k+ than you should buy it, especially if is .com and you know the brandable market at least a bit.

Good luck!

Edit: From what you said 2 replies above, it's definetly a go for me.

 

[WhoaDomain.com]

No real answer can be given without knowing the name.

Being an old name means nothing.

It amazes me that people still think this is a big factor in the worth of a name.

There are plenty of 20 year old sh*t domains.

There is no NP member here that can answer this question for you not knowing what the name is.

Forget Estibot and the age.

The only thing that will help you is a lot of experience.

If you have been at this long enough and studied and lived this day in and day out you will have an intuitive sense of the value.

Add to that some careful research and you will know what to do.

so my take away from this is. ( I can maybe bargain it down to a more manageable amount? below $2200? because as you say AGE isn't really a big factor in a name? how would I even convince an owner of that "Truth"? most domainers have that whole "age is value" tattooed on their rear end's don't they? lol

 

[EmotiveDomains]

When you view this domain in Sedo's sales listings, has it been bid on by other people? One small sign if others have shown an interest in it, though they would have decided the price was too high.

Btw, if the asking price was $3,000, I'd be expecting to get it for way less than $2,200.

 

[WhoaDomain.com]

If this is really a worthwhile domain then the owner has likely had many offers before.

Maybe it is still available because it is not as good as you think.

I've thought of that too. maybe the "hype" in thee articles just has me going a bit. this is why I haven't replied back once he brought the price down to $2200. kind of took a break from it. very shady I know but $2200 is no small change. I have the money for it. figured maybe if I ghosted a bit he might drop the price maybe. but seems like that's not going to happen as no email yet.

lol thought I'd play hard ball.

maybe you are right. maybe it's not as good as I think?

 

[Cdomains]

most domainers have that whole "age is value" tattooed on their rear end's don't they? lol

Yes, most do think this way and I don't know why.

It think it is just a myth that everyone believes like the one about how a hand reg is worthless and will never sell.

 

[WhoaDomain.com]

When you view this domain in Sedo's sales listings, has it been bid on by other people? One small sign if others have shown an interest in it, though they would have decided the price was too high.

Btw, if the asking price was $3,000, I'd be expecting to get it for way less than $2,200.

really? so how much would you have targetted for? Well I went from $3000 to $2000. was that wrong? I really thought just by the age I should give a price close to ask instead of them maybe turning my email address into spam.

 

[usernamex]

@Avtar629 - you would be better off PMing the name to a handful of select knowledgable trusted members (NOT me).

Without the actual name, no advice is correct.

 

[EmotiveDomains]

really? so how much would you have targetted for? Well I went from $3000 to $2000. was that wrong? I really thought just by the age I should give a price close to ask instead of them maybe turning my email address into spam.

Depending on min bid setting etc, for a $3,000 asking price I'd probably start around $500, perhaps looking to get it for around $1,200-$1,500 but it all depends on how motivated the seller is to sell.

If you genuinely believe $3,000 is a low starting price for this domain and the buyer agrees, that strategy may not work.

But as a buyer you can always go up, it's hard to go down.

 

[WhoaDomain.com]

@Avtar629 - you would be better off PMing the name to a handful of select knowledgable trusted members (NOT me).

Without the actual name, no advice is correct.

damn damn damn. what to do? what to do? lol

Depending on min bid setting etc, for a $3,000 asking price I'd probably start around $500, perhaps looking to get it for around $1,200-$1,500 but it all depends on how motivated the seller is to sell.

If you genuinely believe $3,000 is a low starting price for this domain and the buyer agrees, that strategy may not work.

But as a buyer you can always go up, it's hard to go down.

yea crap. I went too high I knew it. I had the whole "age thing" blinders on. Tunnel vison because of the "age". and I did not want my emails to go to spam and end conversation there.

I delete lowball offers all the time.

 

[Rammbo]

U have made it easy to figure this name out...

 

[EmotiveDomains]

damn damn damn. what to do? what to do? lol



yea crap. I went too high I knew it. I had the whole "age thing" blinders on. Tunnel vison because of the "age". and I did not want my emails to go to spam and end conversation there.

I delete lowball offers all the time.

Oh right, I had it in my head you made the offer through Sedo.

Did he come straight back with $2,200, or more to start with?

 

[WhoaDomain.com]

U have made it easy to figure this name out...

lol I know! it's ok though.

 

[Cdomains]

U have made it easy to figure this name out...

Not really.

There are too many names at Sedo to find this one easily.

 

[WhoaDomain.com]

m

Oh right, I had it in my head you made the offer through Sedo.

Did he come straight back with $2,200, or more to start with?

more of course!

 

[EmotiveDomains]

U have made it easy to figure this name out...

I haven't worked it out yet

 

[Cdomains]

My advice is to take a breather and don't rush and buy it.

Sleep on it tonight and it will be clearer tomorrow.

Don't make an expensive mistake by acting too quickly.