advice Are the VIPs trying to keep Newbies out of the business?

[siyavuya]

Everyone here is saying that it takes a long time to sell a domain name (If you're lucky)
But when you look at sites like Sedo, Flippa, Afternic, and even Park.io I see 100s of domains selling daily and at a good price. I know not every domain will be a winner

Most of those domains are fairly new. So how come people here are saying you need to wait years to make a sell? Are people trying to keep the newbie out of the business?

Also have to say: Most of the advice I got here has been extremely helpful. Just a little bit worried about this part and it's the most important.

HELP

 

[JudgeMind]

I sell more than 15% of my names annually, if a domainer is only selling 1-2% of their domains in a year, they are doing something wrong imo. It did take me a long time to fine tune my methods but its working very well.

As for sites like godaddy auctions... the expired domain auctions get all of the attention, not private auctions and not make offer listings.

The internet is a big space, you need to figure out how to get your names in from of potential buyers.

 

[siyavuya]

I sell more than 15% of my names annually, if a domainer is only selling 1-2% of their domains in a year, they are doing something wrong imo. It did take me a long time to fine tune my methods but its working very well.

As for sites like godaddy auctions... the expired domain auctions get all of the attention, not private auctions and not make offer listings.

The internet is a big space, you need to figure out how to get your names in from of potential buyers.

Do you mind sharing what you do to sell up to 15% of your domains per year and what are the average selling prices?

 

[JudgeMind]

Do you mind sharing what you do to sell up to 15% of your domains per year and what are the average selling prices?

https://www.namepros.com/threads/5-steps-to-successful-sales-for-a-newbie.1097669/

 

[bmugford]

I sell more than 15% of my names annually, if a domainer is only selling 1-2% of their domains in a year, they are doing something wrong imo. It did take me a long time to fine tune my methods but its working very well.

As for sites like godaddy auctions... the expired domain auctions get all of the attention, not private auctions and not make offer listings.

The internet is a big space, you need to figure out how to get your names in from of potential buyers.

I disagree. Different business models can be profitable.

I sell about 1-2% of my domains per year. There are certainly ways to increase the turnover, especially listing them on popular domain venues with BIN prices.

However, to have a steady 15% turnover you either need to have a much lower average sale price or outbound. There is no substitute for time when it comes to finding the right end user.

Brad

 

[Josh R]

Bring as many newbies in as possible I say... Does nothing but help "VIP's"...

 

[JudgeMind]

I disagree. Different business models can be profitable.

I sell about 1-2% of my domains per year. There are certainly ways to increase the turnover, especially listing them on popular domain venues with BIN prices.

However, to have a steady 15% turnover you either need to have a much lower average sale price or outbound. There is no substitute for time when it comes to finding the right end user.

Brad

I do agree that most domainers only do sell 1-2% of their portfolio but Like I said "The internet is a big space, you need to figure out how to get your names in front of potential buyers. " I don't sell at elevated discount prices. My prices range from $500 - $35,000 90% of sales are to end users. You gotta grind daily to get your names in front of those buyers. Thanks.

 

[bmugford]

You gotta grind daily to get your names in front of those buyers. Thanks.

I am not sure what that means exactly. Are you saying you are proactively doing outbound?
Then that turnover rate makes sense.

If that is not what you are saying, then I am not sure how you grind to get your names in front of buyers passively.

Brad

 

[GoneWalkabout]

The original question was:

Are the VIPs trying to keep Newbies out of the business?

I would be more inclined to believe most VIPs were actually trying to get out of the business themselves...




... one sale at a time!

 

[karmaco]

I sell more than 15% of my names annually, if a domainer is only selling 1-2% of their domains in a year, they are doing something wrong imo.

That is a misleading and rude statement. 1 to 2% is the norm. If people aren’t reaching the percentage you claim that doesn’t mean they are doing something wrong.

I am sure many top domainers with super premium names who sell below that percentage would not be considered doing something wrong.

It takes one great sale to make an entire year if a person has premium names.

 

[johnnie018]

I sell more than 15% of my names annually, if a domainer is only selling 1-2% of their domains in a year, they are doing something wrong imo. It did take me a long time to fine tune my methods but its working very well.

As for sites like godaddy auctions... the expired domain auctions get all of the attention, not private auctions and not make offer listings.

The internet is a big space, you need to figure out how to get your names in from of potential buyers.

Selling names for peanuts doesn’t count!

 

[Jv1999]

I don't see any evidence of old domainers trying to keep newbies out of the business. After all, the old domainers need newbies to buy the names they dump, and to buy up kryp-to.com and crypto.xyz2 - which enhances the value of their crypto.com.

In fact, if you see the old guard in any business trying to keep the new guys out, that's a sign that you need to work even harder. They are trying to protect their goldmine.

Sadly, that's not the case in domains. The market is weak at the moment, and the OG don't care one way or another if you are part of it. Sorry to say, but the "vips" are not trying to keep you out. They are all busy buying cryptocurrencies.

Tbh, now I want an .xyz2 extension XD. It seems So cool now

 

[Jv1999]

That is a misleading and rude statement. 1 to 2% is the norm. If people aren’t reaching the percentage you claim that doesn’t mean they are doing something wrong.

I am sure many top domainers with super premium names who sell below that percentage would not be considered doing something wrong.

It takes one great sale to make an entire year if a person has premium names.

Tbh, I believe JudgeMind. When I had no landers and didn't ljst on marketplaces, I was sailing 1% or less of my portfolio per year. Lol, the buyers came from whois or the fortunate domains I parked woth bodis.

But ever since the gdrp happened, I was forced to get landers. I also listed on marketplaces... suddenly I was seeing offers every week or other week.

Now, most domains that are for sail... they don't resolve. So, I do think people who are sailing only 1% are incorrectly managing their domains in terms or making it baseline easy for buyers to know the domain actually exists for sail.

 

[biggie]

Tbh, I believe JudgeMind.

So, I do think people who are sailing only 1% are incorrectly managing their domains in terms or making it baseline easy for buyers to know the domain actually exists for sail.

tbh, I pass over a lot of these pink and blue and purple font colored posts

some folks should take time to stop cosigning that don't make sense,

you don't know what my 1% > 2% of sales adds up to, nor what @bmugford % adds up to, or what other domainers % adds up to, versus your 15%.... if that's even consistent.

you have no idea of what any of us paid for our names, nor what they sold for, or if they earn ppc, etc
so, you have no idea of our roi's

when you make statements and don't even consider such factors, then how they be taken seriously.


imo….

 

[Recons.Com]

This thread in a nutshell:

- VIP: here, take our advice
- Newbie: but I worry that you all are conspiring against us. Are you lying to us?
- VIP: no, of course not!
- Newbie: oh, ok!

 

[namemarket]

.... removed,

 

[JudgeMind]

My research indicates your minimum offer is only $25. I am not positive if that is correct? If not, please let me know.

Minimum is $300, but rarely sell at that amount. All names at undeveloped are min $300 except for a few that are min $1000 or $2000.

 

[alcy]

I sell more than 15% of my names annually, if a domainer is only selling 1-2% of their domains in a year, they are doing something wrong imo. It did take me a long time to fine tune my methods but its working very well.

As for sites like godaddy auctions... the expired domain auctions get all of the attention, not private auctions and not make offer listings...

The internet is a big space, you need to figure out how to get your names in from of potential buyers.

I agree. u have to figure out wht works for you etc. in terms of niches.. extensions or what not.
but thats part of the long learning process and expewrience I spoke of before.

a lot of failed sales are nothing more than inflated expectations and counteroffers to buyer's first offers.. or inflated bins.. if you work with bins.

ask any domainer whose been at it for few years how many first offers they've countered or recjected.. and had buyers never come back .. and those numbers will be far greater than 1-2% of their folios. so if you convert that to sales.. well.. there goes your higher sales%

if you're handregging your names or buying them for 2 figures... then you do the math.. is it better to sell it such name for low to mid 3figs... or better to lose buyer and never sell name or keep renewing it for 10 years. money is money. and an unsold name is just an expense...

imo

 

[JudgeMind]

I am not sure what that means exactly. Are you saying you are proactively doing outbound?
Then that turnover rate makes sense.

If that is not what you are saying, then I am not sure how you grind to get your names in front of buyers passively.

Brad

Active outbound, paid ad space at multiple venues, tele marketing to prospect buyers. All these things and more are what it takes to sell up to 15% of my portfolio annually to end users, not selling for peanuts. Average sales range between $3000-$7000 and I only report a small number of sales that come through undeveloped or afternic. Best JM

 

[namemarket]

Minimum is $300, but rarely sell at that amount. All names at undeveloped are min $300 except for a few that are min $1000 or $2000.

ok thanks, my research must have been an error.

 

[bmugford]

Active outbound, paid ad space at multiple venues, tele marketing to prospect buyers. All these things and more are what it takes to sell up to 15% of my portfolio annually to end users, not selling for peanuts. Average sales range between $3000-$7000 and I only report a small number of sales that come through undeveloped or afternic. Best JM

Makes sense. That basically just confirms what I said.
With outbound that is possible.

No one is passively selling anywhere near that rate unless then have incredible domains that are highly under priced. Also, for many sellers like myself with a 1-2% sell through rate it is by design.

I probably receive 1000+ inquiries a year via direct email, lander, venues, etc. If I wanted to take lower average prices that number could easily rise, but it is a balancing act.

It is very expensive to replace quality inventory in the market today, especially .COM.
While I am rejecting offers less than my expectations, the value of quality .COM tends to go up over time as well.

Brad

 

[JudgeMind]

Makes sense. That basically just confirms what I said.
With outbound that is possible.

No one is passively selling anywhere near that rate unless then have incredible domains that are highly under priced. Also, for many sellers like myself with a 1-2% sell through rate it is by design.

I probably receive 1000+ inquiries a year via direct email, lander, venues, etc. If I wanted to take lower average prices that number could easily rise, but it is a balancing act.

It is very expensive to replace quality inventory in the market today, especially .COM.
While I am rejecting offers less than my expectations, the value of quality .COM tends to go up over time as well.

Brad

If I didn’t do all the target marketing my sell through rate would likely be between 2-6%. I’ve found the old adage “it takes money to make money” has definitely applied to selling digital assets. Though the costs are high to market my overall ROI is still very high.

I wouldn’t suggest folks spending time and money marketing sub-par quality domains, but it definitely brings in buyers on quality names as opposed to sitting around waiting for years to sell .

Regards.

 

[dande]

I only sell less than 1% of my domain annually but the sale is always worth it.

 

[JudgeMind]

I apologize if my comment above offended anyone here. I didn’t mean to discredit anyone here or belittle anyone. I simply feel that there is a lot more to selling domains than just sticking them up for sale on marketplaces and with a lander and waiting for a fish to bite. Marketing my inventory is what took me from selling a small % of my names to selling xx% annually at end user pricing.

Again apologies.

@karmaco @biggie @bmugford

 

[alcy]

I apologize if my comment above offended anyone here. I didn’t mean to discredit anyone here or belittle anyone. I simply feel that there is a lot more to selling domains than just sticking them up for sale on marketplaces and with a lander and waiting for a fish to bite. Marketing my inventory is what took me from selling a small % of my names to selling xx% annually at end user pricing.

Again apologies.

@karmaco @biggie @bmugford

just curious.. since you take time to emphasize its enduser pricings..
what would you say is your average domain sale price... in that xx%?

 

[JudgeMind]

As I posted above $3000-$7000