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As you know from the sales reports, I'm probably the one with most drop sales here, so I definitely know this.
Drop competition has been falling over the last few weeks. And it's the first time I saw this happening, ever since I started domaining.
This doesn't necessarily mean it will continue to decline. But anyway it's a first for me. Side note, most of my domains (and sales) are drops.
What I have observed:
- Unlike few months ago, good backorders are down, to just a very few are still caught, much fewer than in the past. I used to get 4-5 of these get my names quick (the ones I aimed for), now it's either one or none.
- DC used to get a lot of crap on the side. Now they seem to focus on the 5-fig and higher valuables, and overall I see much less DC on these days. Notably, 2 months ago this was still different.
Obviously they stii catch both great names and not so great . But in the last 2-3 weeks at least, they seem to go mostly for the 5-fig and ones taken in many TLD's and not much else (at least from my specific view).
- I have been able to register great domains 20 minutes later (got busy and forgot about regs). Before, all these used to be snatched in a minute or two.
- I have been able to do the above on Saturdays and Sundays - this has practically never happened before.
What this tells me, is that the market is spooked and especially the lower tier buyers are getting out. And I think it's for a good reason. And yeah, that Nasdaq has taken a toll (not the index itself but obviously the startups mayhem behind this).
What to do now?
- Well, if you ask me, I'm sharply downsizing my portfolio, so some of this availability is from me as well. The ones I get at drops are far fewer than before and I am being much more selective. I'd recommend the same to you - downsizing the portfolio. This is not the time to start binge buying names.
- It is possible that in a few months, really great domains will come available at drops but also at auctions. I have actually expected this ever since NASDAQ started falling.
Since domain owners might have trouble maintaining their portfolios further, some great names will eventually become available. I'd save some good money for that (I do have a few tens of K saved for that particular moment). But the time for that isn't here yet, it'll be however here in a few months. For now what is getting available is low to mid 4-fig range domains mostly. It is, however, significant in my opinion.
How is your buy experience lately?
Drop a comment please, appreciated. Thanks
Drop competition has been falling over the last few weeks. And it's the first time I saw this happening, ever since I started domaining.
This doesn't necessarily mean it will continue to decline. But anyway it's a first for me. Side note, most of my domains (and sales) are drops.
What I have observed:
- Unlike few months ago, good backorders are down, to just a very few are still caught, much fewer than in the past. I used to get 4-5 of these get my names quick (the ones I aimed for), now it's either one or none.
- DC used to get a lot of crap on the side. Now they seem to focus on the 5-fig and higher valuables, and overall I see much less DC on these days. Notably, 2 months ago this was still different.
Obviously they stii catch both great names and not so great . But in the last 2-3 weeks at least, they seem to go mostly for the 5-fig and ones taken in many TLD's and not much else (at least from my specific view).
- I have been able to register great domains 20 minutes later (got busy and forgot about regs). Before, all these used to be snatched in a minute or two.
- I have been able to do the above on Saturdays and Sundays - this has practically never happened before.
What this tells me, is that the market is spooked and especially the lower tier buyers are getting out. And I think it's for a good reason. And yeah, that Nasdaq has taken a toll (not the index itself but obviously the startups mayhem behind this).
What to do now?
- Well, if you ask me, I'm sharply downsizing my portfolio, so some of this availability is from me as well. The ones I get at drops are far fewer than before and I am being much more selective. I'd recommend the same to you - downsizing the portfolio. This is not the time to start binge buying names.
- It is possible that in a few months, really great domains will come available at drops but also at auctions. I have actually expected this ever since NASDAQ started falling.
Since domain owners might have trouble maintaining their portfolios further, some great names will eventually become available. I'd save some good money for that (I do have a few tens of K saved for that particular moment). But the time for that isn't here yet, it'll be however here in a few months. For now what is getting available is low to mid 4-fig range domains mostly. It is, however, significant in my opinion.
How is your buy experience lately?
Drop a comment please, appreciated. Thanks