advice Rick Schwartz: “If u want to sell a $100,000 name, u have 2 buy one BEFORE it is a $100,000 name”

exactly this is same to venture investment

only thing is that:

I thought I already own 1000 names with average value of 100,000

but so.....what


haha

when you read the comments carefully
you may understand that the main difference
between the people who successfully sold high ticket domains
and the people who didn't

is their mindset

those who have done it
know its possible

those who doubt it
haven't done it
and won't be able to do so
as they won't dare to ask for the top dollars


in 2016 I have sold a boundle of 4 names that had cost me less then $12 USD
hand regged in 2016
for a combined € 20.000 plus VAT ( 19% )
( about $22K USD)

- sedo would have reported about $26.000 USD -

if I do the maths right
it's a similar ROI then buying 2.5K selling 1.000 K
( just kidding )

it was a private sale
and none of the participants is eager to reveal the names
so don't ask
I see not need for proof
believe it or not - its up to you

equity78 said:

So quite the discussion yesterday on Twitter with Rick outlining his parameters for names he hopes to sell for $100,000. If u want to sell a $100,000 name, u have 2 buy one BEFORE it is a $100,000 name. MUST recognize elements that make that possible. #Domains — Rick Schwartz (@DomainKing) March 27, 2017 Mike jumped in with the following: @TheDomains Yes to the first part but … [Read more...]

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I saw the conversation

A very interesting read

And I think it was you who said that there is no need to pay for a course on buying and selling domains (or words to that effect) whilst Rick gives his insight on domains for free

There were a lot of important points made in that conversation which is what made it an enjoyable conversation to read

I'm only going from my memory of it lol

But any read of np forums will show everyone trying to find the next big name etc

And in that conversation Rick did mention that he is now back buying and still reckons prices are cheap now

And they are

But the profit is gained by turning down offers not accepting the first offer that comes along that shows a good ROI

I like elliots post in it asking for Rick's $2500 domains (that Rick can sell for $100k for $10k - good luck with that one lol

The mentions in this post are the gist of the conservation not word for word as I can't remember all of it from memory but definitely worth a read

Good read. Thanks

Rick Schwartz‏ @DomainKing 10h10 hours ago
The difference between a $50 hooker and a $5000 call girl may be THE ASKING PRICE!! Same with #Domains If you ask $10k, you can't get $100k

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Mike Mann‏ @mikemanndotcom
Enter stage left, a closer, sold http://EnterStageLeft.com $6000. Purchased 1/25/10 $7

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Yes they are all interesting readings but I believe they need to be contextualized and put in perspective.

While there is an obvious and quite rare skill in choosing/picking/buying/ domains we should never forget that one of the biggest variables is how big the domainer's "wallet" is.

I always find very interesting to see how people tend to forget that some of these big names own hundreds of thousands of domains, that they average $ xxx.xxx up in renewals per year and that they can afford to hold on domains pretty much indefinitely.

With all respect there are names sold by M. Mann for xx,xxx that would get a grace delete/ drop it/ reg fee appraisals on the forum.

If performances are certainly important maybe in reality the difference between a $50 hooker and a $5000 girl is indeed how many days the 2 can afford to go without customers before their fridge gets empty.

NameOmnia said:

With all respect there are names sold by M. Mann for xx,xxx that would get a grace delete/ drop it/ reg fee appraisals on the forum.

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absolumente correto

thats why you always want a good advice
and not a cheap one

NameOmnia said:

If performances are certainly important maybe in reality the difference between a $50 hooker and a $5000 girl is indeed how many days the 2 can afford to go without customers before their fridge gets empty.

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RIGHT

now think of
how could you live before domaining?

It's 100% a numbers game.

Own 100,000 + names and your going to get multiple offers daily.

Large majority tire kicker offers, and maybe some decent.

But in time you will get a 1 in 100,000 lottery offer.

That's where these guys come into play.

I would love to actually see the profit margins after renewal fees vs sales.

Rick Schwartz “If u want to sell a $100,000 name, u have 2 buy one BEFORE it is a $100,000 name”

Rick Schwartz: "If you want to have meal, u have 2 buy some groceries and do some cooking"

Rick Schwartz: "If you want to travel, you should buy plane tickets and book a hotel"...

So true, the names i acquired 5-7 years ago are maturing now - you need; patience, capital, hindsight and a good eye for names.

urlurl said:

So true, the names i acquired 5-7 years ago are maturing now - you need; patience, capital, hindsight and a good eye for names.

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And you know they are maturing how?

based on sales, that's the only way

I see more calling out going on really. another huge variable could be are they all inbound or out. Obviously he's pitching to a better market then most can even get in front of to begin with.

he also has more patience and capital than a lot of domainers, so he would have the luxury of sitting on names, waiting for the right end-user to come along.

If you could go back 5, 10, 20+ years you know what kind of names to register based on what you know are selling today.

But you can't, so you must make your best educated guess of what will sell in the near and far future.

It's even easier than Ricks proposal to sell a $100K domain. You don't even need to gamble on several thousand domains. Just buy a domain for $1M and it will be more than likely you will easily sell it for $100K

"Water is wet." - Rick Schwartz

I do recall owning a website about funeral homes, a directory, and then a flower shop wanted to buy the website, obviously to sell flowers for delivery to funeral homes, probably via FTD. Anyway, I would have sold it for a lot less but I said, make me an offer and I got $2000 USD just in time to pay my mortgage payment. It bought me some time before my websites took off and I quit the day job back in 2012.

This morning a cop got gunned down in Baytown, Texas. I registered a domain matching the cop's name and I set up a website telling everybody how bad cops really are. I expect traffic especially when the search engines slurp down the contents of the website and people search for information about that cop.

I also lost a number of domain names to the hate-mongering MADD bigots through their UDRP actions. People were guessing what the domain name for their State chapter of MADD or a nearby State was, and they stumbled on my website exposing the ugly truth about that hate group. Then I set up new websites on some of those domains again, because they won the UDRP but never registered the domains.

frank-germany said:

when you read the comments carefully
you may understand that the main difference
between the people who successfully sold high ticket domains
and the people who didn't

is their mindset

those who have done it
know its possible

those who doubt it
haven't done it
and won't be able to do so
as they won't dare to ask for the top dollars


in 2016 I have sold a boundle of 4 names that had cost me less then $12 USD
hand regged in 2016
for a combined € 20.000 plus VAT ( 19% )
( about $22K USD)

- sedo would have reported about $26.000 USD -

if I do the maths right
it's a similar ROI then buying 2.5K selling 1.000 K
( just kidding )

it was a private sale
and none of the participants is eager to reveal the names
so don't ask
I see not need for proof
believe it or not - its up to you

Click to expand...

frank-germany said:

when you read the comments carefully
you may understand that the main difference
between the people who successfully sold high ticket domains
and the people who didn't

is their mindset

those who have done it
know its possible

those who doubt it
haven't done it
and won't be able to do so
as they won't dare to ask for the top dollars


in 2016 I have sold a boundle of 4 names that had cost me less then $12 USD
hand regged in 2016
for a combined € 20.000 plus VAT ( 19% )
( about $22K USD)

- sedo would have reported about $26.000 USD -

if I do the maths right
it's a similar ROI then buying 2.5K selling 1.000 K
( just kidding )

it was a private sale
and none of the participants is eager to reveal the names
so don't ask
I see not need for proof
believe it or not - its up to you

Click to expand...

4 hand regges turned into $22k in a year? I would LOVE to believe that is possible. Mindset is everything. I agree with that. But....this is beyond all comprehension. You can not be serious. Would you mind sharing this with us?