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question Pricing strategy to flipp and sell fast

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What's your pricing and offering strategy to sell average domains fast?

Happy to get any input on this topic.


I thought about:

1. Research at namebright for similar

2. Filter out high and low end sales

3. Get average price

4. Shoot little bit lower with nice tag (199$ not 212$)

5. List on various places (sedo, afternic, flippa, eBay, etc) with fixed BIN

6. Quick turnaround?


Make some sense?
What's your take/advice?
 
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geodomains

Let's make it a bit more general: any domain where you can identify 15-25 companies advertizing (eg: adwords) for this name and that you can contact to offer your domain.
Could be citydentist.com, could be FirstNamesBar.com or whever
 
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There is a simple solution....

Don't fall in lover with your names.

I shoot for 50 to 100% more then I pay.

Double the purchase price is my target point.

This seems to work well for fairly quick flips.

Kevin.
 
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Thank you all for that insights and awesome advice!
Greatly appreciated :)

@.NJ example:

if you buy a name and the low range at namebio is around let's say 150 bucks with a median at 400
... would you still shoot for eg 45 (to double up if bought at 20) or you going straight with 120-140?
 
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Thank you all for that insights and awesome advice!
Greatly appreciated :)

@.NJ example:

if you buy a name and the low range at namebio is around let's say 150 bucks with a median at 400
... would you still shoot for eg 45 (to double up if bought at 20) or you going straight with 120-140?
Really depends on the name itself.

If it's a stellar name you snagged for dirt cheap, then yes I would adjust the profit.

But for run of the mill average names, yes I'm fine with 50% to double my purchase price.

Example: $50 buy - $100 resell
$1000 buy - $1500 resell

Remember, these are fairly quick flips we are talking about. Not long holds.

Alot of people will disagree with my method and say the profit is not enough.

I think differently in this day and age.

Ask any financial stock guy what he thinks about my profit range.

Kevin
 
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Yeah fully understand!

Trading vs investing..
 
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Hey my strategy depends solely on 2 things -

1 how im doing this week in a total
2 how much i spent on the name

I always list for the MINIMUM i would accept over the domain - If i bought the name 1 hour ago for 5 bucks I might list it for 7 bucks - No bids no loss - bid gaurenteed 25%or so profit in an hour.

If ive sold say 20 domains already this week I can afford to risk losing cash in return for potential bidding wars.

If ive sold 20 domains 5 dollars profit each - And my new name costs $8 i can list it for $1 in hopes that maybe a few bids can start warring - driving the price high - worse case scenario - It sells for 1 dollars bringing my weekly profit to 95 instead of 100 - But many times a bidding war can turn a 5 dollar sale into a 20 + sale

These numbers are all just figurative but if you look at it anywhere - if you can list names at prices that brng bidders and bring profit / i never try to kick my self in the ass if its profit. Think of walmart vs joe smiths tv shop. - he might sell a tv and make 50 profit each. walmart might sell the same tv - make 2 dollars profit - but sell 12 thousand units in the time it takes joe to flip 2
 
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Think of walmart vs joe smiths tv shop. - he might sell a tv and make 50 profit each. walmart might sell the same tv - make 2 dollars profit - but sell 12 thousand units in the time it takes joe to flip 2

1 how im doing this week in a total
2 how much i spent on the name


Really like that approach. Sounds absolutely viable.

Thank you for sharing! :)


Guess the hardest part is to let potential $$$ or $$$$ go away for $$
 
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Really like that approach. Sounds absolutely viable.

Thank you for sharing! :)


Guess the hardest part is to let potential $$$ or $$$$ go away for $$

Yes well heres the thing - In my opinion a name is a name - If you have blackcat.com - Sure its worth millions to one and a thousand to the other. If you can find the high price then sure - However theres a difference between holding onto names for big sales - Or Flipping names - increasing total holdings with each sale.

If you can sell 30 names in a week for 3 dollar profit each - I think it's alot easier then finding that one perfect sale for a domain.

Dont get me wrong I have every name i own listed on the big marketplaces for xxx / xxxx however while I wait for offers which might never come - I still am selling in and out. Also think about using these low numbers and just substituing them for high numbers.

If you can buy a domain that will EASILY SELL @200 for 150. Sure you might be able to sell it for 300 in 2 years. Or you could just price it to move ...200 - and make 50 bucks in an hour.

What seems more lucrative ($300 dollars to the onlooker) with the investment of 150 - Plus 2 years of registration. plus a whole bunch of missed reinvestments - over a 2 year period

Or 50 bucks in one hour
 
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Also 2 last points;

1. - The daily mover method as ill call it here - Is risky, dont let your portfolio get too bogged down, dont be afraid to cut a few losses to keep on the mission. if it doesnt sell, move to the others, MOST IMPORTANT You have to reinvest. Making two dollars off a sale is not worth it. But if you can buy a name at promo for 2 bucks. sell for 10 and then reg 5 new names - (see where im going) Out of those 5 new names say 3 sell for $10 ea and 2 never sell - Your initial investment of 2 dollars turned into 30. Some names will lose for sure- But if you reinvest in new potential sales, it works out. in the long run.

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2. - Many of the big names / big sales ppl hear about are like this - They sell say RedBird.com for 5,000

For one these types of people probably bought 30 very similar names - 29 of which dont sell (Or do who knows)

Also these names are basicly held until bought - Not sure how much you know about big names - theres a guy mike mann hes like the guy ppl use in place of normal people saying bill gates.

He bought i think like 40,000+ decent / crappy / unapealing names - and he throws outragious pricetags on them. - xx,xxx

He renews these year after year - So when you see 40k for a name - how much went to the initial batch - How much goes to his renewals - How much in commission - How much in paying staff , or coders , or whatever you need to be able to actually register / find 40,000 domains that are available.
 
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Add me on skype if you ever need my username here at gmail i believe - or just joshua hoffer
 
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A word of warning on 'large volume' considerations: it takes about the same time/effort to sell a domain at 10$ or at 1000$. That's the main reason why many domainers are not active in the low price segment.
 
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There is a simple solution....

Don't fall in lover with your names.

I hear you!
*Big Sigh*

THATS EXACTLY my problem..... with pretty much all the some 2 or 300 domains I currently have in stock
 
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The best advice I can give is to use the chinese business model ; sell cheap, sell fast, sell alot

Love this! Lots of good info here in this forum.:xf.cool:
 
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Yes well heres the thing - In my opinion a name is a name - If you have blackcat.com - Sure its worth millions to one and a thousand to the other. If you can find the high price then sure - However theres a difference between holding onto names for big sales - Or Flipping names - increasing total holdings with each sale.

If you can sell 30 names in a week for 3 dollar profit each - I think it's alot easier then finding that one perfect sale for a domain.

Dont get me wrong I have every name i own listed on the big marketplaces for xxx / xxxx however while I wait for offers which might never come - I still am selling in and out. Also think about using these low numbers and just substituing them for high numbers.

If you can buy a domain that will EASILY SELL @200 for 150. Sure you might be able to sell it for 300 in 2 years. Or you could just price it to move ...200 - and make 50 bucks in an hour.

What seems more lucrative ($300 dollars to the onlooker) with the investment of 150 - Plus 2 years of registration. plus a whole bunch of missed reinvestments - over a 2 year period

Or 50 bucks in one hour

I would like to ask. Where do you possibly list it? Bearing in mind the marketplace commissions. One has to reap enough profits to keep it going.
 
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if lowering the price can increase domain sales! trust me, I don't mind to give 75% discount! problems is, when buyer say no mean no!:xf.grin: no matter how low the price is!:xf.grin:
 
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if lowering the price can increase domain sales! trust me, I don't mind to give 75% discount! problems is, when buyer say no mean no!:xf.grin: no matter how low the price is!:xf.grin:

I see your point lol I guess the quantity would make up for any 'no's' I'm assuming
 
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