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.

 

[WhoaDomain.com]

everyone's is a comedian!

Actually I'm more partial to Lester Holts Syfy Episode "The Mystery of the Crystal Skulls".

Athough I don't see what the Mystery was all about I found them pretty easy on Namepros. Du? Ecalc?

A pair of Crystal "Skulls" if I ever did see one.

http://movieweb.com/lester-holt-talks-mystery-of-the-crystal-skulls/

Although....reading my own posts on here. I might be one too! lol

 

[Centaur]

So what's the news? Did you purchased your dream domain?

 

[WhoaDomain.com]

So what's the news? Did you purchased your dream domain?

Still waiting for sedo broker to reply to my price reduction request.

Not too confident.

Ehh if no reply could be universe telling me something .

 

[WhoaDomain.com]

Okay! Finally got back a reply!

I countered with a reduction of of $1200. so from $2200 I went down to $1000 as my starting.

I sent my reduction request not to the domain owner but the Broker and she sent it to the owner.

unbelievably the owner replied back with a price reduction down to $1700.

that's a $650 discount. that means there was some leg room in there!

but still $1700 is kinda high after all the discussion here. or is it?

I think again I might have gone too high with my price reduction down to $1000. maybe could have gone lower? $500 like someone suggested? I don't know really.

but he did go down to $1700 from $2200. That's a big drop.

maybe he realizes too that his own price is too much?

so what does that indicate? he can go down more? somewhere between $1000 and $1700?

what do yall think? can I push it? I don't really care at this point if he walks. kinda feeling cocky now getting him to bring it down $650 lol

feels good to win.

I guess sometimes you need to feel you can "let it go" if you don't get your price. gotta stand your ground sometimes.

$1700 is still kinda high right?anyways. I won't reply back till I hear some replies here.

BTW I gave him the whole rundown that

1. this domain has 1 drop.
2. zero offers in 12 years.
3. zero Alexa rank
4. ppc (low competition)
5. 4 vistors per month.
6. zero backlinks
7. no historical sales whatsoever with this keyword in his domain listed on Namebio.


Thanks.

 

[SheikhOvais]

I would say, after couple of days, try bringing him down to your price $1200.

 

[Jeff Weller]

Hello Avtar629,
We haven't met since our interests on this forum differ - but I can give you a slight analogy to some of the advice you've received as to weighing your gut feeling vs greed. The key to this decision is absolute objectivity - in other words making an adult decision based upon logic - to the degree that is possible with an investment that is so multi-faceted. Your acknowledgement that it could take decades to cash out is probably the best thing you have in your favor - you realize that this domain may have liquidity but not big money liquidity. In the end - only you have to live with your decision.
My analogy...we own expertspredict/dot/com expertprediction/dot/com and another derivation. In 2014 ExpertAdvisor/dot/com (not ours) sold for $28K. I immediately thought - I could use $28K and one of ours is least as good. 536K Google searches for "experts + predict", 50K searches for "expert + prediction" while the one that sold only has 418K searches for "expert + advisor". That was my down and dirty 1 metric to justify in my mind that our domains were worth $##,###. Well I was wrong. Fast forward a few years and we've never seen on offer on either and the asking prices are $5-$10K. A little deeper checking (done by a broker) pointed out a least one of the flaws in my deluded logic. An adwords search returns millions of monthly searches for "expert advisor" truncated down to "EA". There are comparatively few searches for "expert(s) + predict(ion)".
In my case it was easy to convince myself of a value that didn't exist.
Hopefully you're more objective than I was.
Good luck - I expect by now you've already made the call.
Jeff

 

[lock]

The part that worries me is all your doubt. I wouldn't commit to a domain of this calibre without one of two plans the end user in sights for a sure thing or developing yourself next day. If another broker is handling it with as much or more experience and this is the price then it it may well be worth what you pay. Will you be on selling it right away or developing it? The only domains i have no plans for are at rego fee and try not to get into too many of those. Just don't pay end user price to sit on it.

 

[dordomai]

Okay! Finally got back a reply!

I countered with a reduction of of $1200. so from $2200 I went down to $1000 as my starting.

I sent my reduction request not to the domain owner but the Broker and she sent it to the owner.

unbelievably the owner replied back with a price reduction down to $1700.

that's a $650 discount. that means there was some leg room in there!

but still $1700 is kinda high after all the discussion here. or is it?

I think again I might have gone too high with my price reduction down to $1000. maybe could have gone lower? $500 like someone suggested? I don't know really.

but he did go down to $1700 from $2200. That's a big drop.

maybe he realizes too that his own price is too much?

so what does that indicate? he can go down more? somewhere between $1000 and $1700?

what do yall think? can I push it? I don't really care at this point if he walks. kinda feeling cocky now getting him to bring it down $650 lol

feels good to win.

I guess sometimes you need to feel you can "let it go" if you don't get your price. gotta stand your ground sometimes.

$1700 is still kinda high right?anyways. I won't reply back till I hear some replies here.

BTW I gave him the whole rundown that

1. this domain has 1 drop.
2. zero offers in 12 years.
3. zero Alexa rank
4. ppc (low competition)
5. 4 vistors per month.
6. zero backlinks
7. no historical sales whatsoever with this keyword in his domain listed on Namebio.


Thanks.

maybe he is a member here?

 

[WhoaDomain.com]

Nah doubt it. Would have contacted me by now as this thread is crazy getting views and replies.

 

[WhoaDomain.com]

I would say, after couple of days, try bringing him down to your price $1200.

Yea update. No reply. Lol it's OK. I can wait. I'm at the point where either I get this for $1200 or not. Not gonna cry over it. Sometimes you gotta leave it up to God.if it's meant to be it's meant to be.

I'm sure by now he's weighing his options.

It's been sitting for years unsold. No bids on sedo.

This is the best option for this domain at $1200. Cover his holding costs plus profit.

I'm sure reason will eventually win over.

 

[nsquare]

Crazy thread ... feels like we are cutting the same branch we are sitting on .. just IMO.

 

[WhoaDomain.com]

Crazy thread ... feels like we are cutting the same branch we are sitting on .. just IMO.

lol not sure what to make of this post. explain? is this a positive or neg post? either way anyone's welcome here.

 

[BrandChimp]

the fact that you are questioning yourself is a red flag.

IMO, it means that you are not ready and that you need to have a better understanding of the domain market.

Don't rush, you should know when it is the right thing to do.

I have bought many :aged: domains under $40
A developed domain = business value + domain value
A similar domain can also be a really bad domain.

 

[usernamex]

at least we know @Avtar629 you won't run off and disappear like so many new NPers do leaving us hanging for eternity without conclusion : smile :

 

[WhoaDomain.com]

Update getting close we are $200 apart now
But I did not counter
Sticking to my guns.

 

[WhoaDomain.com]

Update!

Okay! Paid! Now waiting for transfer by Sedo! Will mention the name after it's in my account. had issues with Sedo payment system. Kept telling me my card was no good or info was wrong. but finally got it. just waiting now. don't know how long it's going to take.

 

[hugegrowth]

looking forward to see it!

 

[Julio]

Congrats on you purchase Avtar629

 

[WhoaDomain.com]

feeling like a kid on Christmas Eve right now. Itching to tear thru the wrapping on my brand new toy! I mean domain! Lol

 

[WhoaDomain.com]

So what's the news? Did you purchased your dream domain?

Yup!

 

[WhoaDomain.com]

the fact that you are questioning yourself is a red flag.

IMO, it means that you are not ready and that you need to have a better understanding of the domain market.

Don't rush, you should know when it is the right thing to do.

I have bought many :aged: domains under $40
A developed domain = business value + domain value
A similar domain can also be a really bad domain.

Good advice I'm sure but too tempting to resist.

I'm all in! Crossingy fingers!

 

[ddfenton]

So what's the name? Can you say yet?

 

[uglydork]

So what's the name? Can you say yet?

Right! We have been waiting forever.,.,...

 

[slader23]

Right! We have been waiting forever.,.,...

Yea...WHAT IS IT ?

 

[WhoaDomain.com]

oh lol I forgot to come back here. Well I was going to wait till it was in my registrar account but.....??


Primorsky.com

There you go!

I had posted about Primorsky Krai before on NP. Someone already figured it out and told me lol. There is honor on NP. He didn't say anything publicly.

9 casinos have purchased land in the Primorsky Krai gambling zone.

It is targeting a customer base of China, Russia, Korea, and Japan.

Primorsky Krai opens up to the sea of Japan.


Macau beat Las Vegas 9 times over in yearly profits because it's mainarket was China.

Macau did very well because of money launderers bringing in hundreds of billions CHINA money into Macau.

As soon as China cracked down on this finally Macau profits went down 47% in just two months from crackdown.

Enter Putin's Russia desperate to boost his country's economy.

His solution is to crackdown on illegal gambling houses in Russia and designating specific zones for gambling. Tax casinos would bring revenue.

First casino in Primorsky Krai was Tigre de Cristal which has fully remitted $8 in taxes last year to Russia.

It is owned by Lawrence Ho the son of Stanley Ho the man who started Macau gambling hub. His son seems to have the "golden touch" and Tigre de Cristal is his baby.

This was only phase 1 of Tigre de Cristal which cost $50 million. It was booked solid at opening for the next 2 years.

Vladivosto airport(30 mimutes from Primorsky) is 1 hour 45 minutes away from Beijing same distance as Macau but Macau is no longer good for the gambler who wants to gamble away from the eyes of China . So where is closest place to gamble where you get and easy 7 day visa and tax free on your winnings ? Primorsky!

By the way.
Tigre de Cristal Phase 2 will cost $900+ million.

A Russian company is also building a casino in this area. Cost? $900+ million.

A Cambodian company is also building a casino there. Cost? $500+ million.


And that's just three companies. And as I mentioned there are still 6 other casinos planned.
Cost? Not submitted yet.

Sochi another gambling area in Russia recently opened its first casino.

SochiCasino.com

So.......As I've asked many before.

What do you do when you find out that Las Vegas is being built?

You register Vegas.com and LasVegas.com

Vegas.com sold $35 million
Las Vegas.com sold $90 million (with website)

Will be holding to this for a while and prerenewing it for next 9 years as little nest egg.

Wish my luck guys!

Meantime will contact the top travel online companies in both China (ctrip) and Russia (aviasales) and sign up for their affiliate programs and develop the site and pay for a press release so the domain pays for itself while I wait for a buyer.

Can't wait for the negativity! Lol