- Impact
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What’s the record for the biggest/fastest domain flip that you know of?
I agree with Elliot as well here because I would not want some "arbitrageur" selling my hard earned domains and putting them at risk.
But I see that your point, Rob, is targeting registrants with medium to low grade domains.
From the perspective of the "arbitrageur", the question should be, how many potential buyers are there for a $1000 domain that would pay $5000? And how do you secure a purchase option with legal authority and then would you go to the trouble to exercising it should the registrant back out of it. It just does not seem worth the effort.
The buyer can simply type the domain in the browser, land on the sales page, and get the same price as the "arbitrageur". What will keep the seller from selling direct and maybe get a little more?
Exactly it's a risky proposition, I don't ever skip the process of typing in a domain and see where it directs whenever someone mentions a name to me in any capacity. Now of course someone will say well of course you are in the domain industry, most end users are not doing that, they get an email and the hope is there will be an impulsive buy.
I also fully agree with Elliot here. I also agree with you, Brad. Trying to arbitrage a domain without permission from the owner to try and sell it for them is definitely unethical. Too much damage can be done to a domain by an arbitrager. It's pretty black and white in my eyes.I agree with Elliot here. (I posted this in the other thread and will paste it here, as it is relevant)
If I own a domain I don't want some random third party to represent me or my domain without my permission.
Domains are not are a reproducible product that can be drop shipped. A domain is a one of a kind asset like many types of art, collectibles, etc.
I have dealt with this in the past. It can go anywhere from unethical to outright fraud when a third party represents themselves as owning or having permission to offer your domain for sale.
The domain owner is then on the hook for the actions of these unauthorized third parties.
Any negative repercussion such as legal issues will fall on the domain owner.
It can also damage the domain when it comes to potential end users.
Brad
I once flipped a domain within an hour. I hand regged the name, mentioned it on here (NP), accepted an offer, got paid and pushed the domain. Complete process in less then one hour...Granted, it was only a $50 sale. It was more about accomplishing a "fast flip in the West."
You can push a domain when the registrar is the same for outgoing and incoming.i thought when you first purchase a domain from a registrar that theres a 60 day hold or something? or is this only true for certain registrars?
You can push a domain when the registrar is the same for outgoing and incoming.
^THIS.The broker is not a broker -- they are arbitraging a spread.
In short, the person who arranges that deal does not represent the buyer or the seller. They simply secure a buy price and a sell price and they arbitrage the spread with very little risk assuming there is an intermediary that is helping to clear both transactions
Here is the reality:
- The rich are getting richer
- The poor are getting poorer
You are buying from the poor (who need a fast sale and appreciate the exit) and selling to the rich (who have more money than time). Everybody wins.
I registered LeviTaste.com around 3-4 months ago...just got an offer for $350. - without a for sale page.
Around 6 or more years ago.I registerd DiscoveryDesk.com sold it for $2,850. - without a for sale page
I'm new to actively selling domains...I only sell one or two a year for $1,500-3k. Never had more than 40-50 in my portfolio. But have never tried to advertise or use the for sale page option til now.
Love this forum...learning a lot.