question Fastest Flip in the West!

TCK said:

I agree with Elliot as well here because I would not want some "arbitrageur" selling my hard earned domains and putting them at risk.

But I see that your point, Rob, is targeting registrants with medium to low grade domains.

From the perspective of the "arbitrageur", the question should be, how many potential buyers are there for a $1000 domain that would pay $5000? And how do you secure a purchase option with legal authority and then would you go to the trouble to exercising it should the registrant back out of it. It just does not seem worth the effort.

The buyer can simply type the domain in the browser, land on the sales page, and get the same price as the "arbitrageur". What will keep the seller from selling direct and maybe get a little more?

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Exactly it's a risky proposition, I don't ever skip the process of typing in a domain and see where it directs whenever someone mentions a name to me in any capacity. Now of course someone will say well of course you are in the domain industry, most end users are not doing that, they get an email and the hope is there will be an impulsive buy. Now I don't think some of the examples given could ever get pulled off, an LLL.com is not impulsive, someone is going to be spending $20,000, $50,000, $100,000 they are going to do some homework in my opinion.

I do think people look at lower priced names thinking that they can look at that inventory then do outbound hope to get someone interested at $5,000, go to SEDO click buy it now for $799 and make a great sale. But the problem is this, that Sedo listing might be old and you cannot deliver, so there is a lot of hope and perfect luck needed, but look it was no secret some people were looking at NameJet auctions, contacting end users and then looking to win the name at auction and make the flip.

uhm how about... *anyone* could attempt to "damage" any domain right now by sending emails about it.
how about... many domains passed from one domainer to another probably carry a history of being "damaged" by a terrible so-called outbound marketing campaign from a previous owner.

Maybe put an easily noticeable disclaimer on the landing page that says, if you receive communication about this domain that isn't from one of these email addresses:____, please disregard it.
but nobody knows how many people will bother checking what the domain points to or even consider checking.

equity78 said:

Exactly it's a risky proposition, I don't ever skip the process of typing in a domain and see where it directs whenever someone mentions a name to me in any capacity. Now of course someone will say well of course you are in the domain industry, most end users are not doing that, they get an email and the hope is there will be an impulsive buy.

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I would wager that most that are looking to purchase a domain do type it into the browser and there is a certain reaction to what they see. This is not 2005. People are more Internet savvy.

One thing to be mindful of is that 99.99% of domains listed on any mainstream aftermarket are by domainers and most of the buyers are domainers as well (or domain investors). So if you decide to do domain sales arbitrage on the Epik marketplace, more than likely it will be for another Np member.

We all want to get the best price for our names. So here are a few scenarios/perspectives.

If I know that you are buying my name for $1,000 and offering it for $5,000, and the buyer comes to me direct, then what is stopping me from selling it for $2,500 at least (the buyer's happy he saved 50% and I get paid 150% more). Unless I, as the hypothetical seller, am convinced there will be monetary legal damages for backing out of the purchase option. Who is going to go into any legal trouble/expense for a $5,000 sale that fell through?

And if I am getting offers for my domain, do I want you, the "arbitrageur", to make 400% profit? Obviously you would only let an "arbitrageur" sell domains you have next to no offers for and may even consider dropping.

At this price point there are too many risks and too much time involved for too little return. Anyone with good sales skills doesn't even consider this level to be worth their time.

Here's an alternative.

What we are doing at Domain Market Pro, is helping domainers create close selective networks with other domainers that they know and trust so they can promote each other's domains through privately held domain marketplaces. No need for securing purchase options which have no legal force. You sell your domains, and choose what domains owned by other domainers you want to promote and sell. All is done through your own branded marketplace and the terms for any domains, that you don't own, are privately negotiated with domainers/registrants that you met by networking at NamePros, NamesCon or another domain community. Any resources you dedicate to promotion land on a marketplace were you profit from the sale of each and every domain. Send the buyer to a link on your marketplace where you get the inquiry.

from purchase to sale, and hour and a half is the fastest i ever pulled the trigger, i didn't completely know i had a buyer when i purchased the name, but i was pretty sure i did.

bmugford said:

I agree with Elliot here. (I posted this in the other thread and will paste it here, as it is relevant)

If I own a domain I don't want some random third party to represent me or my domain without my permission.

Domains are not are a reproducible product that can be drop shipped. A domain is a one of a kind asset like many types of art, collectibles, etc.

I have dealt with this in the past. It can go anywhere from unethical to outright fraud when a third party represents themselves as owning or having permission to offer your domain for sale.

The domain owner is then on the hook for the actions of these unauthorized third parties.

Any negative repercussion such as legal issues will fall on the domain owner.
It can also damage the domain when it comes to potential end users.

Brad

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I also fully agree with Elliot here. I also agree with you, Brad. Trying to arbitrage a domain without permission from the owner to try and sell it for them is definitely unethical. Too much damage can be done to a domain by an arbitrager. It's pretty black and white in my eyes.

Internet.Domains said:

I once flipped a domain within an hour. I hand regged the name, mentioned it on here (NP), accepted an offer, got paid and pushed the domain. Complete process in less then one hour...Granted, it was only a $50 sale. It was more about accomplishing a "fast flip in the West."

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i thought when you first purchase a domain from a registrar that theres a 60 day hold or something? or is this only true for certain registrars?

falez said:

i thought when you first purchase a domain from a registrar that theres a 60 day hold or something? or is this only true for certain registrars?

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You can push a domain when the registrar is the same for outgoing and incoming.

Internet.Domains said:

You can push a domain when the registrar is the same for outgoing and incoming.

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Good to know. Thanks

Argued with mate over who's idea it was transferred it right after I announced I had it as they sulked and was already doing okay. Never thought about it again they dropped it years on. tasteofasia off memory approx. 1998.

Rob Monster said:

The broker is not a broker -- they are arbitraging a spread.

In short, the person who arranges that deal does not represent the buyer or the seller. They simply secure a buy price and a sell price and they arbitrage the spread with very little risk assuming there is an intermediary that is helping to clear both transactions

Here is the reality:

- The rich are getting richer
- The poor are getting poorer

You are buying from the poor (who need a fast sale and appreciate the exit) and selling to the rich (who have more money than time). Everybody wins.

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^THIS.

My first domain sale ever sold in a week. It was 7 years ago (while i didn't know there is a domain industry back then), hand-regged adult .me and sold it for $1k in a week on flippa. I regged my first domain in 2007 but for my own ventures, had no idea, that this is a real thing for way too lon.

I registered LeviTaste.com around 3-4 months ago...just got an offer for $350. - without a for sale page.

Around 6 or more years ago.I registerd DiscoveryDesk.com sold it for $2,850. - without a for sale page

I'm new to actively selling domains...I only sell one or two a year for $1,500-3k. Never had more than 40-50 in my portfolio. But have never tried to advertise or use the for sale page option til now.

Love this forum...learning a lot.

Bob Campbell said:

I registered LeviTaste.com around 3-4 months ago...just got an offer for $350. - without a for sale page.

Around 6 or more years ago.I registerd DiscoveryDesk.com sold it for $2,850. - without a for sale page

I'm new to actively selling domains...I only sell one or two a year for $1,500-3k. Never had more than 40-50 in my portfolio. But have never tried to advertise or use the for sale page option til now.

Love this forum...learning a lot.

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Congrats this thread certainly went off track so good to see someone posting sales.