status-resolved Reported Sales Pattern (Template) Should be Change

You sure you, or anyone else, would want that info in an search engine indexed forum? May be good for domainer ego, but can't see the point in letting endusers, lawyers, government, etc. etc. etc., have easily found reference info. jmo.

hawkeye said:

You sure you, or anyone else, would want that info in an search engine indexed forum? May be good for domainer ego, but can't see the point in letting endusers, lawyers, government, etc. etc. etc., have easily found reference info. jmo.

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Well.. reporting sale could also index in google then why not purchasing price?
and we can write purchase & sale price in a way that cannot be index in google..

hawkeye said:

You sure you, or anyone else, would want that info in an search engine indexed forum? May be good for domainer ego, but can't see the point in letting endusers, lawyers, government, etc. etc. etc., have easily found reference info. jmo.

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I like seeing what is selling and for how much, how long it was held for, purchased for etc.. I dont like that its indexed. I wonder if its possible to make this forum private among us domainers only?

@Eric Lyon need your valuable comments on this discussion if possible please
Thanks

Purchase price is not required in the public forum. If you need to know, calculate it from ROI.

As a domainer, i am willing to know the purchase price but defiantly not from enduser / public point of view.

If your buyer comes to know the purchase price, it may harm future negotiation with same buyer. JMO.

@Rick Schwartz isn't afraid to disclose the acquisition price of $1 mil domains, which are purchased for less than 1% of their sale price. He did just that a couple of days ago. So does @Mike Mann with his frequent tweets boasting his sales gross margins. Why would the NPer be afraid to do so? I agree with OP.

Riz M. said:

Hi Npers.
i am opening this thread because i really think that reporting sale without purchase price is not helping community ... and it should be must to put purchase price with sale... else new comers will be in dark always...
example is if someone bought domain in 8000 usd and sold in 10000 usd and then he will come like Robinhood and will report sale of 10k usd but new comers will be scratching head wow what a sale without knowing that purchase price was 8k ...
i think Reported domain sales thread rules should be changed..
please vote yes or no
and lets discuss.
i am not sure i am right here wrong but i am sharing what i am feeling.
Thanks

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If a domain was deemed worthy enough to be bought for 8k, why would a 10k sale baffle anyone?
The only person possibly scratching his/her head would be the seller coz of the ROI.
Let's just say there should be some mystery left in the biz and the acquisition cost is definitely one of them.

I thought it was already mandatory to include the purchase price, to be honest.
I'm following the thread of reported sales for a while and most of the time people include the purchase price.

If someone wants to disclose that is their perogative. But it should not be mandatory because that is nobody’s business and it’s proprietary. It’s like asking a woman her weight or a man the size of well you know

The what sold thread is allready asking for enough info IMO. It is too learn what sold recently and for how much— that’s it.

If you add any more requirements there will be even less posting of sales.

The only real change I’d like to see on that thread is a price threshold. Names that sell for under $500 are not of super interest and are extremely common.

Better to let each participant make his own agreement whether to share that info. Most sellers/business people do not want their profit margin known, especially since it will always seem higher to the general public who does not take holding costs and other costs into consideration. Alternately, some sellers like to brag up their sales and “profit” without noting the cost of years of renewals and as-yet-unsold inventory. Let ‘em talk. (And let others be silent).

Not good idea, imo, although I understand where Riz is coming from.

Here are reasons:

1. Might not have a purchase price because a name was part of portfolio purchase
2. All I care in the report is the sold price, as it helps to gauge info for sale potential and I can do my own back calculation to know how much max it would be worth to buy a similar name
3. Limiting how people report might result in just less sales reported.
4. purchase price might be misleading. If you bought long time ago, it might be looking cheap, but it is not its reseller market price now. Many 6 figure and 7 figure names might be just a hand reg at one time (early nineties)

hawkeye said:

You sure you, or anyone else, would want that info in an search engine indexed forum? May be good for domainer ego, but can't see the point in letting endusers, lawyers, government, etc. etc. etc., have easily found reference info. jmo.

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BTW, will be great if forum moderators can forbid search engines to crawl this thread only. Maybe whole sub-forum.

hawkeye said:

You sure you, or anyone else, would want that info in an search engine indexed forum? May be good for domainer ego, but can't see the point in letting endusers, lawyers, government, etc. etc. etc., have easily found reference info. jmo.

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AGAME said:

I dont like that its indexed.

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ivbran said:

BTW, will be great if forum moderators can forbid search engines to crawl this thread only. Maybe whole sub-forum.

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The Insiders Club has a private place to report sales:

• Privately Report Completed Domain Name Sales Here

We hope that helps.

Recons.Com said:

4. purchase price might be misleading. If you bought long time ago, it might be looking cheap, but it is not its reseller market price now. Many 6 figure and 7 figure names might be just a hand reg at one time (early nineties)

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Excellent point.

Riz M. said:

reporting sale without purchase price is not helping community

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While knowing additional information about a sale (e.g., purchase price, date of purchase, and market conditions at the time of purchase) would add more valuable/interesting information to its sales report, the existing reports still provide a lot of value without that information.

For example, NameBio and DNJournal almost never report the purchase price of public domain sales, but those sales reports are still very useful to sellers and buyers to help establish fair market value, market conditions, trends, etc. It allows the industry to learn things and have a better idea of the market: more data (even limited data) is better. Imagine what those resources would look like, and how little we would know, if all of the sales without purchase prices were removed.

For these reasons, we do not plan to make this a requirement, but we do encourage it and hope members will share purchase price when they're comfortable doing so.

Thanks for taking the time to offer this suggestion.