advice Are the VIPs trying to keep Newbies out of the business?

JudgeMind said:

As I posted above $3000-$7000

Click to expand...

ah ok sorry if missed it

those are indeed enduser pricings like you said.. and excelletn at that.

congratulations on finding such great way to sell names.

I am sure marketing names properly is also an art in itself which can be done both properly and improperly.. and cause some to bankrupt in process while allowing others to do very well in this way... but I am glad for you that everything is working so well in your domain sales!!

others here are quite correct when they say your xx% do not represent the average in the domaining industry though.

JudgeMind said:

I do agree that most domainers only do sell 1-2% of their portfolio but Like I said "The internet is a big space, you need to figure out how to get your names in front of potential buyers. " I don't sell at elevated discount prices. My prices range from $500 - $35,000 90% of sales are to end users. You gotta grind daily to get your names in front of those buyers. Thanks.

Click to expand...

But what is your portfolio size.

With all due respect, no one sells 10%+ of 2000+ names

Recons.Com said:

But what is your portfolio size.

With all due respect, no one sells 10%+ of 2000+ names

Click to expand...

Currently at 1200-1300 names

JudgeMind said:

Currently at 1200-1300 names

Click to expand...

So you are claiming you are selling 1 name per 2 days at $3k average for around 600k year?

Recons.Com said:

So you are claiming you are selling 1 name per 2 days at $3k average for around 600k year?

Click to expand...

He said the average is $3K to $7K, so he's claiming more like $850K in sales per year at an average sales price of say $4.5K.

Pretty remarkable. In fact, potentially genius since 90% of these sales are also to end-users.

JudgeMind said:

Active outbound, paid ad space at multiple venues, tele marketing to prospect buyers. All these things and more are what it takes to sell up to 15% of my portfolio annually to end users, not selling for peanuts. Average sales range between $3000-$7000 and I only report a small number of sales that come through undeveloped or afternic. Best JM

Click to expand...

Spamming and phone calls for $300 sales, den zuk!

JudgeMind said:

My prices range from $500 - $35,000 90% of sales are to end users. A portion of these end user sales are $3,000-$7000.

Click to expand...

Anyone needs any further details, Pm me.. my sales stats were confirmed with NP to achieve PRO status.

Though I don’t share most of my sales here on NP, I do try to share a few of them as I believe they have educational benefit to the community.

Josh R said:

He said the average is $3K to $7K, so he's claiming more like $850K in sales per year at an average sales price of say $4.5K.

Pretty remarkable. In fact, potentially genius since 90% of these sales are also to end-users.

Click to expand...

JudgeMind is brilliant. One of the guys I never miss a post by when I see, just like yourself.

If I am not mistaken, his portfolio was smaller recently and he might have increased it drastically. Given that his method requires active selling, his % will take decline, although overall profit will go up. So, maybe, if he does not change its size, the total sales might be in 5-10% region and will decline even further, if he, say, goes for 5000+ names.

I re-read what he wrote and saw "portion of" this time. Probably, considerable portion of it are still xx to xxx sales on NP, NJ etc.

But, again, there is nothing new here.

If you wait for whois contacts, your sales will be 0 to 0.5%, if you list on marketplaces with bins mostly, your sell through might move to 1% to 2% range. If you add also mix of BB, BR, BP to it, you might move to 2%-4% territory. If you do lots of outbound, you can go to 4% to 6% if you stick with xxxx pricing and can move to 10%-20% range if you do mid $xxx pricing on most and add wholesale aspect with NJ, NP into it.

to be honesty, I don't think the senior domainer have a reason keep you out, they either not care about newbie, (they already rich enough and hold most valueable names, they just seldom come here to play something) or they actually welcome you join, given it means more purchase demand may happen...

so, from new commer perspective, there is no one can keep you out....if u have cash or smart enogh to chase the valuebale name, u will fianlly become a senior domainer whille 20 years later...

btw, VIP title here is just means they are actively involved into the discussion, get 300 likes, and post enough, and I remember stady here for 1 years...so, I assumging while u say VIP, u actually refer those most senior domainer (domaining age or experiese) but not really refer any VIP title..

JudgeMind said:

As I posted above $3000-$7000

Click to expand...

If you don't mind me asking, what would you say is the average hold time of an average domain of yours?

Lord Antares said:

If you don't mind me asking, what would you say is the average hold time of an average domain of yours?

Click to expand...

Greatly depends on each name. I’ve had some for as long as 8 years now, others I’ve sold just hours after purchasing.

I have also sold a domain within 24 hours of regging. I knew the possible buyer, regged it, pitched it and sold it. I don't know who you are talking to, but you can't take the advice from a single domainer seriously. Listen to everyone, but also consider that every domain needs to be carefully considered individually. You can't paint with such a broad brush about the entire industry like that. And at the end of the day, if you have bad domains OR if you don't know shit about sales, you may not sell anything, because end users don't know a good domain exists and even if they do, they may not know it's for sale, and if they know it's for say they may not know if it's within their budget and if it's within their budget they may not know if it's something they need unless you explain to them why and if the know why they may simply not even have the impulse to purchase until you message them, etc etc...

Winfluence said:

if you don't know sh*t about sales, you may not sell anything, because end users don't know a good domain exists and even if they do, they may not know it's for sale, and if they know it's for say they may not know if it's within their budget and if it's within their budget they may not know if it's something they need unless you explain to them why and if the know why they may simply not even have the impulse to purchase until you message them, etc etc...

Click to expand...

great comments

I am thinking that the Bloggers and the Expireds list makers on the forums are trying to drive prices up at auction for odd reasons, maybe godaddy pay them big bucks
Or is it just to make some dollars via referral link
Why do they not keep their keyboards quiet and grab the domains they list for cheap
Insted they alert the whole world that there is a good name with 0 Bids
!!!!

NameLlama said:

I am thinking that the Bloggers and the Expireds list makers on the forums are trying to drive prices up at auction for odd reasons, maybe godaddy pay them big bucks
Or is it just to make some dollars via referral link
Why do they not keep their keyboards quiet and grab the domains they list for cheap
Insted they alert the whole world that there is a good name with 0 Bids
!!!!

Click to expand...

So instead of keeping newbie out, they want to draw as many in..VIP wants many suckers reading their blog..

siyavuya said:

Thank you for that. If I may please respond to this...

Out of let's say 1000 domains, how many would you say are very good domains? If someone was to take all your domains away and randomly leave one of your domains would you stand by all of them?
Everyone has been advising me on my bad domain. Because it's not that good it might take years to sell. This does not mean domains take forever to sell. It just means a bad domain which no one wants takes long because of it's own poor quality.

Do you agree?

Click to expand...

I’ve been trying my luck with this - reading and learning a lot as well - but sold 1 domain out of 13 in 10 months.

NameLlama said:

I am thinking that the Bloggers and the Expireds list makers on the forums are trying to drive prices up at auction for odd reasons, maybe godaddy pay them big bucks
Or is it just to make some dollars via referral link
Why do they not keep their keyboards quiet and grab the domains they list for cheap
Insted they alert the whole world that there is a good name with 0 Bids
!!!!

Click to expand...

@Ategy.com Do you have anything to say in your defense?

JudgeMind said:

Anyone needs any further details, Pm me.. my sales stats were confirmed with NP to achieve PRO status.

Though I don’t share most of my sales here on NP, I do try to share a few of them as I believe they have educational benefit to the community.

Click to expand...

What does NP confirm related to sales stats?

one of the great post i've read so far...

I started buying domains Winter 2018, since that time I sold 8% of my domains. I had 100 domains, and as newbie I bought at first a lot of trash domains. Profit of these 8 domains - 4168$. I could sell 3 more domains, one for 500$ and two for 100$, but my greed take over me, and I refused to sell these domains..

When I started I felt the same way, but I did look in deep and noticed my fault,
So I corrected myself,
Also I thought it was a fast money syndrome but is not so..
Every man with his own strategy in this business,
Everyday we learn, whether you are a pro or newbie, we all learn,

Domain flipping is addictive mind how you approach

FavourB said:

Domain flipping is addictive mind how you approach

Click to expand...

I've been doing this for well over a decade and I still don't understand the term Domain Flipping

Does anyone actually flip domains anymore?
I mean maybe if you buy for 10 bucks and sell for 15 but in the real world it it called domain marketing.
You need to hustle, list, buy, sell, trade, promote etc etc.

Flipping always seems like a term that makes this industry sound easy which it sure as heck is not.

I don't think I have ever flipped a domain. I have done hard negotiations and mustered sales after months or years of holding domains. Flipping? naaaah I personally have not been able to achieve that.