advice Is it me or My domain?

So...your expectation is that all you have to do is register 'some type' of domain name, join a domain forum, list for sale, and it's supposed to sell instantly? Yeah..., this may not be the right industry for you to be in. Maybe look into doing magic tricks or something else. Good grief.

Domaining doesn't work like that. If it did we'd all be sipping Henri IV Dudognon Heritage Cognac Grande Champagne on a beach somewhere.

I think the issue is that NP is mainly domain investors. Your domain is a good domain, but when I look at it, I see a .io nearing expiration. You asked for a $20 opening bid. That means that I'm going to spend about $50 on it right away. What else could I do with that $50?

The fact is, looks like you've renewed it so update your auction!

That's probably what's going on.

Don't take it personally. It takes time. You just registered the domain in a month ago.

hawkeye said:

So...your expectation is that all you have to do is register 'some type' of domain name, join a domain forum, list for sale, and it's supposed to sell instantly? Yeah..., this may not be the right industry for you to be in. Maybe look into doing magic tricks or something else. Good grief.

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Thank you for taking the time to reply it's appreciated. I was not expecting any sales but some interactions.
I apologize if my post offended you I will be glad to remove it. It was not my intention.

siyavuya said:

I apologize if my post offended you I will be glad to remove it. It was not my intention

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I never implied your post offended me. But your expectation to just be able to reg a domain, join a forum, and expect a sale within 9 days is somewhat naive and whinyish. jmo.

ArtShop . com does not resolve. I think its not a good sign when trying to sell the .io

It's both.

The name - I don't think it's a good domain actually. With .io, you want the keyword to be either tech related or an empty vessel type of name. art.io, shop.io - great names. artshop.io ... you just don't expect an artshop to sit on an .io extension.

You - domaining is a waiting game. You've had this domain for what, 6 minutes and you expect it to sell instantly? Not going to happen. People wait around years for the right buyer to get the value they expect out of a name. The worse your name is, the longer you're going to wait (unless you have a fire sale and sell the name for pennies on the dollar)

barman said:

It's both.

The name - I don't think it's a good domain actually. With .io, you want the keyword to be either tech related or an empty vessel type of name. art.io, shop.io - great names. artshop.io ... you just don't expect an artshop to sit on an .io extension.

You - domaining is a waiting game. You've had this domain for what, 6 minutes and you expect it to sell instantly? Not going to happen. People wait around years for the right buyer to get the value they expect out of a name. The worse your name is, the longer you're going to wait (unless you have a fire sale and sell the name for pennies on the dollar)

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Thank you thank you. I have learned a lot from these comments. Now I can move on knowing the mistake I made. I was think ing of developing it into a site but that would be a waste of time. I'm grateful

@Silentptnr has given a very solid answer to your question, so I won't repeat what he has said. Even in .com, typically there is about 1 chance in 100 that a domain sells in a particular year. As such this is a very different business from selling almost anything else. Some experienced domainers take exception with new domainers assuming instant sales, but when we think about it that is a totally reasonable expectation based on selling other things. I create some crafts, list them on eBay or Shopify or somewhere, and expect some sales or at least queries right away. Even if you price low, domain names are so unique they usually don't sell quickly.

One thing about .io is that many of them are sold to small tech startups. Also the vast majority of sales are at one venue, Park.io, so even good names sometimes don't sell in other venues. Also the high renewal scares some domain investors from buying them wholesale. ArtShop is a good name, and in .com or co or some country code would be amazing. It might appeal to some startups, or maybe a little art shop would like the .io extension, but it is not like an obvious tech or single generic word that many of the .io sales are.

I sincerely hope you have success with this and other domain names.

Bob

I have to pretty much repeat what @barman said ...

.oi is an expensive premium tech industry extention. Basically 2nd choice for those startups who can't yet afford their targeted one word .com. So while artshop isn't a horrible term in any way, it really isn't going to turn many heads in terms of end users. Most art shops target the general population non-tech-savvy customer who don't have a clue what .io even is.

On top of that .. NamePros is a domainer forum. So effectively people are looking for wholesale or below pricing. Your intentions as a domainer should to never resell your domains here unless you bought them at bellow wholesale pricing.

I think the problem with your domain is that the "wholesale" value most domainers would put on that domain, while not zero, is likely around or below registration price, so it really isn't worth it. That being said .. there are a lot of domainers who don't have a good grasp of what's what .. so you never know .. price it low enough and someone could eventually bite ... but you'll never be profitable if that's your overall strategy.

siyavuya said:

Is it me or is it the domain it'self
artshop.io is supposed to be a good domain

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Not sure who told you it was a good domain, but you might be sitting on it for a while before you get a nibble.

Start reading this forum like mad, learn and then buy your next domain.

A lot of people here can't even sell their names. Why do you think someone can help you if they can't even help themselves?

Reading over your post and the quality of the replies, you have received great advice from some
top NP posters.

Nice to see from your follow-up post that you have read and learned from the posters.

NP is a great place to learn about the vast arena of domains.

I'm truly humbled by the responses. I got more than what I was expecting. You have helped me not only with my expectations but with the future of my domain business. This something I want to do and be good at. This is what I call a very good start and an end to my frustrations. I hope one day I will be able to give someone new valuable advises like what you have given me.

I have copied the replies and will keep them to pass on to someone who will be going through the same thing. So if you see your past comment in 2 years don't jump on me, please. lol

Thank you really for taking the time to help me.

Regards
Siya

siyavuya said:

I was think ing of developing it into a site but that would be a waste of time.

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Developing it into a site would not be a waste time. Actually it is a pretty good idea, and what I would recommend to you as a next step, if you are a developer or know someone who is.

Develop it, get as many users to use it as you can, and then list it for sale on a site like Flippa.com. I am sure if you put in the time, you can sell the developed domain for a good amount of money. Then you can use the money to buy a better domain, which I would suggest you look to do so in the .com extension.

Best of luck! Hope it works out for you!

Hustling said:

Developing it into a site would not be a waste time. Actually it is a pretty good idea, and what I would recommend to you as a next step, if you are a developer or know someone who is.

Develop it, get as many users to use it as you can, and then list it for sale on a site like Flippa.com. I am sure if you put in the time, you can sell the developed domain for a good amount of money. Then you can use the money to buy a better domain, which I would suggest you look to do so in the .com extension.

Best of luck! Hope it works out for you!

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Thank you for the advice based on the comments it will be an uphill mission to build and try to make people see the value in a poor domain name. If it's a horrible domain before it's built then it will be horrible after.

Artshop.io is bad name, very very bad. Let it drop you waste money.

siyavuya said:

Thank you for the advice based on the comments it will be an uphill mission to build and try to make people see the value in a poor domain name. If it's a horrible domain before it's built then it will be horrible after.

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That is up to you, and only for you to decide.

If it is worth anything, I have seen much worse names - that have been developed - sell for good amounts on Flippa.

Again, it is completely up to you.

Whatever you decide, I wish you well.

if it was easy, I am sure nobody starving!
but lets assume if it was easy! if everyone easy to sell domain, and get money so everyone rich! then there's no point getting money I.e too easy! if that happen money value will drop! so what make something that really valuable is because its so damn hard!

anyway welcome to namepros

Hustling said:

That is up to you, and only for you to decide.

If it is worth anything, I have seen much worse names - that have been developed - sell for good amounts on Flippa.

Again, it is completely up to you.

Whatever you decide, I wish you well.

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You're right. This domain gives me a chance to learn first hand. Based on what you said I'm going to build and monetize it. I will start sourcing the right quality art to review and create a hub after about 40 posts I think that would be a good time to start selling ads and art while building a customer list. I know most people will be attracted to the customer list and traffic on the site. That will take away from the bad domain.

siyavuya said:

You're right. This domain gives me a chance to learn first hand. Based on what you said I'm going to build and monetize it. I will start sourcing the right quality art to review and create a hub after about 40 posts I think that would be a good time to start selling ads and art while building a customer list. I know most people will be attracted to the customer list and traffic on the site. That will take away from the bad domain.

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That is a good strategy. It doesn't seem like you intend to renew your domain (which you probably shouldn't if worst comes to fruition), so might as well, right?

If and when you do decide to monetize, you stand a good chance of at the very least recouping your initial investment (cost of your purchased domain). And who knows? If things work out better than expected, you could probably flip the domain (that comes with the list of subscribers and/or a steady flow of income per month) for a decent sum. Then you can come back here and prove to all the naysayers they were wrong.

It is a bit of both. Every domain you buy your going to have to try to sell. You also need an idea of who to and how much before you should purchase if you want to resell. You also need to understand how the marketplaces operate. Plenty here to read and everyone is steering you in right direction but name is average although not a difficult sell but art is only worth money as art. Suit graphics brand. 2 words dot io so all will assume it is new how you handle a negotiation will determine how new you are also.

lock said:

It is a bit of both. Every domain you buy your going to have to try to sell. You also need an idea of who to and how much before you should purchase if you want to resell. You also need to understand how the marketplaces operate. Plenty here to read and everyone is steering you in right direction but name is average although not a difficult sell but art is only worth money as art. Suit graphics brand. 2 words dot io so all will assume it is new how you handle a negotiation will determine how new you are also.

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You're so right with what you said. I have learned a lot from this thread alone.
If I'm not wrong but I think the domain name is only 30% part of the formula
which means that traffic, list, sales and original content on a site are a sure way to get a sale at a good price
. What I'm already doing is to have a list of 100 possible people I can sell my domain to before I even buy it. Then focus on things I can control like the quality of the site and quality of traffic. It's hard to even think about the negotiation part. It's a bridge that can be crossed once I get to it (But not looking forward to it)

Hey chances are if your posting a single name, no matter how good, you will not sell it here for what you want, or at the pace you want. It may take years for the right person to come across your name, unless your willing to let it go for cheap to these re-sellers here. Honestly, unless you have a 1-4 letter name, or a single word name, their is almost 0% chance your getting value on name pros. You could present a diamond status name to these people, and they will offer you $1. Your best chances are actually cold calling, emailing, facebook messaging an artshop that may want to invest in it. If you offered that name to my to add to my portfolio I would say I do not want it only because, an end-user would prefer a .com name.