question Why Namebio Not report of NamePros domain sales?

[Coinking]

Hello all,
I am little confuse about namepros domain sales here lots of domains sold in good prices but not reported on namebio site?

 

[equity78]

Hello all,
I am little confuse about namepros domain sales here lots of domains sold in good prices but not reported on namebio site?

Because @Michael would have no way to track all these sales, many people edit posts after they sell etc... No real way to do it efficiently.

 

[Haykay2005]

You beat me to this. I have been asking myself the same question

 

[creataweb]

And no proof the sale concluded unless someone wants to conduct the research.

 

[Coinking]

You beat me to this. I have been asking myself the same question

Why i asking this question because i noticed here many domains sold above $100.

 

[Coinking]

And no proof the sale concluded unless someone wants to conduct the research.

Yes exactly because here no fee of auction listing and on won thats why chances of fake sales.

 

[Rinkuji]

You beat me to this. I have been asking myself the same question

Rather I have for many months ago. And may be more NPers.
But I thought its two way sword as mostly names sold here at low price.

 

[deez007]

I think what you need to keep in mind is that many sales on NP happen via private messages. So as @equity78 and @creataweb have pointed out, there is no real way of tracking or verifying the legitimacy of the sale.

When a domain has sales history on namebio then it increases the perceived value of the domain as well. A domains sales history can be used as a selling point on a domain name.

For this very reason, if namebio had to record sales from NP then you can be certain that people will be reporting fake sales all the time. To increase the perceived value of their domains, even sales that actually do take place.. let say a seller sells a domain here on NP for $500 to another member but the buyer says to the seller that he will only do a deal if he reports the sale on namebio as a $5000.....so all of a sudden this $500 domain now has a much higher perceived value...

 

[Michael]

There are many reasons we don't track NamePros auctions:

A forum marketplace is unstructured, thus it is very difficult to scrape. People masking domains in a variety of creative ways. People writing bids like "a grand" or "one hundo" would be fun to deal with. Bids getting cancelled and prices rolled back, or users correcting their bids in subsequent posts. Portfolio auctions getting bids independently or as a lot. People saying "Sold at BIN" but it might be hard to extract the BIN from the original post. Weird end time rules like "912 minutes after the last bid" making it difficult to know when it is actually over. Stuff like that. It's hard for a bot to be accurate without structure.

Most people close and wipe threads after the auction ends making it hard to follow.

It would probably get gamed a lot. If you want to inject a fake sale on a marketplace you're going to eat a 15% - 20% commission, and the juice isn't worth the squeeze. But with no commission on NP there would be nothing stopping you from making an auction and having a few friends bid it up to a crazy number just to get it to show up on our site.

Not enough auction sales above $100 to justify trying to deal with the above hurdles.

We don't track the fixed price or make offer sections for similar reasons, and also that a lot of the deals are negotiated privately. No way to know what a majority of them actually ended at, or whether or not they actually completed (although the latter is less of an issue because that is also true for other venues we do track).

Just way too many headaches to follow something with software that isn't generated by software.

I'm happy to add sales that are reported to us though, as long as adequate proof is supplied.

 

[tonyk2000]

It is natural for wholesale buyers (whether it is NamePros or some marketplace selling expiring domains for example) to wish their purchases NOT be shown anywhere. So lack of NameBio reports on those sales is something NP buyers can only appreciate. NameBio is doing good job, no doubts, but it is hard to separate enduser sales from domainer purchases even if they tried to. Which they do not try, by design...

 

[alcy]

What an incredibly detailed report, @Michael ! All of us have a much better picture of what is in, and what limitations in terms of what is reported go with some of the sources. I did not realize that so many of the Sedo sales under $2k will not be reported, for example.

So am I correct that in general registry sales of premium ngTLDs are not reported unless done so privately?

I had not realized that you have tracked, but not yet reported, sales under $100. Personally, I would love to see these in the reported database.

I guess for Efty it will always be up to each person what is reported or not by the nature of that service.

It would be so good if the Undeveloped and Uniregistry sales could be included, except where privacy requests are in place re a sale. Has thought been given to a possible mechanism for reporting Undeveloped sales to Namebio, @Undeveloped ?

Thanks once more, both for this superb answer and for all that you do for the domain name investing field.

Bob

hmmm... I beg to differ if I may

I do not believe namebio shoudl include sales under $100.

cheers

 

[tonyk2000]

I had not realized that you have tracked, but not yet reported, sales under $100. Personally, I would love to see these in the reported database.

I'd add that, since this part is almost exclusively domainers purchases, it should be in subscription only (paid) service, if offered at all. How will public report of these (or any other) wholesale market sales help domainers that are selling to endusers? Endusers are becoming more and more smart, and no domainer would like to receive a buyers comment like "I found on NameBio that you bought this one for $79 on namejet on XX/YY/ZZ date, so I will offer you 200% - $160, take it or leave it".

 

[Bob Hawkes]

I'd add that, since this part is almost exclusively domainers purchases, it should be in subscription only (paid) service, if offered at all. How will public report of these (or any other) wholesale market sales help domainers that are selling to endusers? Endusers are becoming more and more smart, and no domainer would like to receive a buyers comment like "I found on NameBio that you bought this one for $79 on namejet on XX/YY/ZZ date, so I will offer you 200% - $160, take it or leave it".

This is a perspective that I had not considered carefully enough, and I do certainly see the logic that @tonyk2000 explains.

Extended though, surely this is an argument not to report sales data at all. For example, if a domain has sold for $110 on a GD auction, and you are trying to sell it for $1000, surely the same argument applies?

Also, now that GoValue, Estibot 'comparators', DNPric.es, and NameStats, among others, include prices well below $100, it may well be a moot point whether Namebio go there at all.

Anyway, your point is well taken. I now see both an argument in favour and against reporting lower value sales. Perhaps the argument should be whether $100 is the right dividing line. Thanks for the perspective.

 

[Michael]

After giving it a lot of thought over the years, my feeling is that the only value in tracking sales below $100 is in following lower-end market trends like 6N or 5L or things of that nature.

Purely from an individual comps perspective I see no value. It is unlikely for a comp below $100 to help you make a sale or fetch a higher price. It's such a tight range that it's not like someone's going to be at $25, you're trying to get them up to $50, and showing them a $69 comp will help with that. If someone can pay $25 they can pay $50 regardless of any data you might show them.

Plus we would undoubtedly get a lot of complaints about people's purchases showing up.

So that is my thinking as well, that if the data were released it should probably be hidden behind a paid membership so that it isn't indexed in the search engines and mostly likely only domainers would see it.

 

[Doron Vermaat]

After giving it a lot of thought over the years, my feeling is that the only value in tracking sales below $100 is in following lower-end market trends like 6N or 5L or things of that nature.

Purely from an individual comps perspective I see no value. It is unlikely for a comp below $100 to help you make a sale or fetch a higher price. It's such a tight range that it's not like someone's going to be at $25, you're trying to get them up to $50, and showing them a $69 comp will help with that. If someone can pay $25 they can pay $50 regardless of any data you might show them.

Plus we would undoubtedly get a lot of complaints about people's purchases showing up.

So that is my thinking as well, that if the data were released it should probably be hidden behind a paid membership so that it isn't indexed in the search engines and mostly likely only domainers would see it.

Its safe to assume that the fast majority of sales under $100 are domainer purchases and altough it would be interesting to gain access to this data I also agree it won't be helpful to have that data out in the open for everyone (especially end users) to see.