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Do you guys have the same experience?
I have like 1/2 the rate I used to have in 2016! Anyone else?
I have like 1/2 the rate I used to have in 2016! Anyone else?
Thanks @Nikul Sanghvi for the analysis and charts. It is not easy to draw conclusions because so many variables are changing at the same time.
It would be interesting to have the average sales price without the blockbuster sales, or even without sales above say $100k , as they are not too common.
I took this snapshot at the H1 interval for 2017 (a couple of weeks ago), and doubled both the sales volume and revenue for a simple extrapolation of 2017. Unless Q3 and Q4 contain a heavier weighting of the overall annual transactions, it looks like:
Anyone care to share their summer 2017 sales experience?
Anyone care to share their summer 2017 sales experience?
Personally I did really well in June, and July was outstanding, with 22 end-user sales. All inbound.
However, as soon as August came around, I've seen a significant drop in sales, only had 13 end-user sales in August, fewer inbound offers, and average sales prices decreased as well. Total sales for August are down about 70% when compared with July. My sales in 2017 have been pretty consistent until August came around, so I find this sudden and significant drop in sales somewhat disconcerting. September is off to a slow start so far.
How were sales for you over the summer? What are you expectations for fall/winter?
Ouch. Hope your sales results will improve this fall!Yes, 1 inquiry, accepted his offer, disappear.
0 sales.
I identify with much of what others have said here.
I've had my strongest year of domain sales in 2017 since I started but it's no thanks to end users, most of my sales by a huge margin have come to selling to domainers via Namejet, Flippa, godaddy etc. If I was holding out waiting for end user sales only this year i'd be so badly in the red it would be crazy.
I do know that there is a lot of money in flipping. I might be wrong, but what I always get afraid of is : I buy a lot of quality names, the ones that I found dirt cheap, are the ones that I can flip for 200-400% more easily, but these are increasingly harder to find everyday. This makes me think that flipping will only get harder as we march foward. However on the other hand, I increase the asking price for my quality names to end users every year, which makes it harder as I march forward. Any thoughts?
I bought a few of the names you were selling on NameJet personally I think it makes more sense to hold out for end user sales on those.I identify with much of what others have said here.
I've had my strongest year of domain sales in 2017 since I started but it's no thanks to end users, most of my sales by a huge margin have come to selling to domainers via Namejet, Flippa, godaddy etc. If I was holding out waiting for end user sales only this year i'd be so badly in the red it would be crazy.
Anyone care to share their summer 2017 sales experience?
Personally I did really well in June, and July was outstanding, with 22 end-user sales. All inbound.
However, as soon as August came around, I've seen a significant drop in sales, only had 13 end-user sales in August, fewer inbound offers, and average sales prices decreased as well. Total sales for August are down about 70% when compared with July. My sales in 2017 have been pretty consistent until August came around, so I find this sudden and significant drop in sales somewhat disconcerting. September is off to a slow start so far.
How were sales for you over the summer? What are you expectations for fall/winter?
I bought a few of the names you were selling on NameJet personally I think it makes more sense to hold out for end user sales on those.
I'm surprised (and impressed) to hear that you've had your best year in domaining by way of flipping domains to other domainers. The margins tend to be quite slim when flipping names, and when it's time to replenish you inventor, you are faced with the same market prices you got when selling your names. So while reseller prices have reached unprecedented price levels in 2017, which I suppose has made flipping of names bough in earlier years at lower price levels more profitable, if you want to reinvest into more names to flip, you also have to pay current market prices to buy new names. How do you deal with this situation?
Personally I've not had any success flipping names to other domainers, and 99% of my sales go to end users. I've tried flipping names, but since you usually get around 10-30x more from end-users, I just never managed to get anywhere near the sales results I get from end-user sales.
I mainly sell names in the $1000-8000 range at BIN, but also accept many inbound offers in the $500-1000 range. My average sales price is $1750.How many domains do you have in total? How much is your average selling price?
My portfolio size is in the 1000-2000 range.That looks impressive! But how many names you have in your portfolio?
Personally I've not had any success flipping names to other domainers, and 99% of my sales go to end users. I've tried flipping names, but since you usually get around 10-30x more from end-users, I just never managed to get anywhere near the sales results I get from end-user sales.
While this is very often the case with domainers, there's also an emerging trend where you often see domainers not only pay up, but imo seriously overpay for names (if re-selling to an end-user for a profit with a decent margin is their end goal).Point being, other domainers have a hard time seeing value unless its blatant. Even then they want to pay $100 USD for a domain that should be selling for $10000.
How do you sell 22 names in a single month when you have an average 1500 domains? thats like 1.5% of your domains in a month to end users? Dude, thats impossible. I believe you might have mistyped something here?My portfolio size is in the 1000-2000 range.
Why is that unbelievable? Guys who do outreach turn over even a larger % of their portfolio. No typos there.How do you sell 22 names in a single month when you have an average 1500 domains? thats like 1.5% of your domains in a month to end users? Dude, thats impossible. I believe you might have mistyped something here?
So you sell only outbound? Can you please give us an example of a name you had/have? Interesting you have such a fantastic rate that's allWhy is that unbelievable? Guys who do outreach turn over even a larger % of their portfolio. No typos there.