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information Reporting sales can get more expensive than you think

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Lox

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Is reporting sales @ NPs hurting your relationships with your clients or networking.

In short, Yes!
Luckily, 20 min before submitting a .com, low $ 6 figure sale report, sold to Fortune 500, I get a very long email from my client explaining that I should be able to keep my fingers up and mouth quiet.

After you been brushed up on report sales thread and a day after you or your client find out ... the same name was registered in . net, .org, nGTLD extension, you need to ask yourself; did I made a mistake or did that person that was not so happy with the reporting. The brain figure out - I and my client we are a little bit dummy ... so reg. and corner them. Send a message with the price .com was sold, link to the NPs report sales thread and try to sell the domain name to your client.

(Whatever food you want to feed your brain ... choose something else , more vitamin based. This ain’t going to be a very good / long game and the future of your domaining is questionable. Good luck w that!

Anyway, problem solved. Reporting sales

Regards
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
I look at these things from a very different angle.

The question we should ask ourselves is this: Does the reporting of other members help?

Yeah, it does. And a lot.

If everyone would decide suddenly to stop reporting their sales, would you get such information anymore?

Not really. Nope.

And I must observe, domains reported here and Namebio or whatever are two very different things. Many of the sales reported here never made it to NB.

So by reporting, you return the favor to a community you benefit from. That's what I do.

Of course, nobody forces you to post your top dollar sale. 6 fig sale? Probably not so wise to report that.

But with everyday domains, the information gathered here is valuable to a lot of other domainers. And while many sales are small, those which are big inspire us. And by giving such inspiration, prices increase on valuable domains, that otherwise domainers here might not have a clue they're worth that much. And in some cases, yeah, it did apply to yours truly.

So I report my sales, and I thank everyone else for their reporting. Yes it helps.

I also post longer articles and try to share my knowledge as much as possible. I know that by sharing this I might make a few competitors stronger. So be it. It will also push me to up my game, which means, against everyone else, I'll be better.

Well, also, I've seen the other side of it. Communities that stopped being informative and valuable for the other members - they died. And I was a proud member and put 10 years on such a forum. Was amazing back then. It has died meantime.

In a way, it's sharing a piece of what you have, with others. It's easy and enticing to become self-sufficient and not sharing anything anymore. The drawback is, then the same things happens in reverse and nobody is able to make a good business anymore.

That's how I see it.

Can I ask how reporting low wholesale sales/flips helps us? If we all did that the report sales thread would be ten times longer. Most of us are in this for end users not cheap flips. So the benefit of flips in relation to other domainers is where I find it fuzzy. There is something to be said for discernment and reporting what matters to the group as a whole or notable end user type sales. But thats just me. I don’t care about bargain basement sales but I suppose some do.
 
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Can I ask how reporting low wholesale sales/flips helps us? If we all did that the report sales thread would be ten times longer. Most of us are in this for end users not cheap flips. So the benefit of flips in relation to other domainers is where I find it fuzzy. There is something to be said for discernment and reporting what matters to the group as a whole or notable end user type sales. But thats just me. I don’t care about bargain basement sales but I suppose some do.

Nobody knows everything.

I use this to:

- Learn about new niches and new keywords, or having overlooked some

- Trends

- Changing prices on some domains I might have undervalued (happens)


- At least some base assessment of whether the market is going up and down depending on how many are reported (we all know it is slow right now)

- Seeing how well each venue performs and learning about others (for example I don't yet use brandable marketplaces)

- Information about direct sales / outbound (I'm learning that as my process is 99% inbound currently)

And a ton of other things...


Edit: I asked the thread whether I should stop posting my sales and got an overwhelming response to continue posting.

My rather constant sales are inspiring to many others so it is clear they appreciate and need them, if not for the info then at least for the morale.

Many domainers who haven't yet reached profitable stage are in deep need of a morale boost. I made losses in my first year so I know how much this is needed. Nobody could encourage me at the time, except seeing how others are making it work.
 
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Not everyone cares about what
Can I ask how reporting low wholesale sales/flips helps us? If we all did that the report sales thread would be ten times longer. Most of us are in this for end users not cheap flips. So the benefit of flips in relation to other domainers is where I find it fuzzy. There is something to be said for discernment and reporting what matters to the group as a whole or notable end user type sales. But thats just me. I don’t care about bargain basement sales but I suppose some do.

Also, domainers are different. There are different methods, different portfolios, different types of domains, sales etc..

Indeed some care about what you call bargain sales, and i call market prices. The market prices are those in the 100-300 range mostly. You are likely a retail investor, focusing on higher end user sales - well in this case I definitely understand it's not useful to you. But yes it is useful to others.

I have a wildly mixed portfolio, comprised of market level coms, retail coms, various ngtlds etc. For me both the retail and the market segment are lucrative. In fact market deals bring in the bacon and retail sales bring the 20-year old scotch on my table. Edit: I'm always go for a $299 domain if it will never sell for 2k, but if I know I can flip it fast for that amount. It all goes in the bank.

So we have to simply look at what interests us, post or not what we feel comfortable with, and simply acknowledge that different people are interested in different things, even in the same field.
 
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Out of curiosity once I bought a guide from a domain guru on the Warrior forums some years back. He actually encouraged registering .net and/or .org if the .com sold for a pretty penny. It's been a bit but I think he had suggested that .nets could sell for 30% of the .com value and .org about 10%. As someone who owns developed sites, I'm totally cool with a domainer holding my .net or .org and paying the reg fee for years and years, I'd be more upset if an end user grabbed one and started developing.

Anyway, the guru suggested you go to a site like Namebio or Flippa and check the sales, then check for .net and .orgs that were open for reg and then e-mail those buyers. I don't know if that really works. I'm not interested in trying. I see that Namebio owns their .net and .org and someone is sitting on the .co and .info asking $4330...lol but why would anyone want either of those names? I imagine the only traffic they get is from people like us when conversations like this come up.

When I bought my first house back in 2019, I was hit with mail from a variety of businesses. Some were trying to scam me with offers of fake deeds. Others offering insurance, appraisals and more. Heck, I get snail mail offers for domain name search engine submission bills from time to time. So it's not a surprise that domain owners get hit with offers.

I don't know that the namepros 880+ page thread is really making things that much worse for people. Especially when there's plenty of sites sharing sales that happen on their sites.
 
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https://en.wikipedia.org/wiki/Compensation_(psychology) :

In psychology, compensation is a strategy whereby one covers up, consciously or unconsciously, weaknesses, frustrations, desires, or feelings of inadequacy or incompetence in one life area through the gratification or (drive towards) excellence in another area.

.. may be a real reason why, at least in some cases, folks do report sales.

And, we should respect our buyers. Even one-time buyers. If they want their sale to be reported - let them do it themselves. Not all buyers want their purchases to be reported, obviously.
Lol, appreciate the amateur psychology. I'd stick to domaining or whatever makes you money.

I do it because it helps me that others do it and I'm returning the favor to keep the ecosystem going. No need for compensation. Maybe look up projection and do that one next.
 
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There are some pros and cons to reporting pros are your active and obtain a respectable margin. The cons are you are questioned on crediblity or your customers feel insulted. I have been asked by previous customers to obtain domains so that doesn't work if reporting history.
 
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why cant namepros just not let google crawl that particular thread, anyway to do this.
 
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i just realized when i put anything on nP, several times i can easily search on google and found it!
 
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Is reporting sales @ NPs hurting your relationships with your clients or networking.

In short, Yes!
Luckily, 20 min before submitting a .com, low $ 6 figure sale report, sold to Fortune 500, I get a very long email from my client explaining that I should be able to keep my fingers up and mouth quiet.

After you been brushed up on report sales thread and a day after you or your client find out ... the same name was registered in . net, .org, nGTLD extension, you need to ask yourself; did I made a mistake or did that person that was not so happy with the reporting. The brain figure out - I and my client we are a little bit dummy ... so reg. and corner them. Send a message with the price .com was sold, link to the NPs report sales thread and try to sell the domain name to your client.

(Whatever food you want to feed your brain ... choose something else , more vitamin based. This ain’t going to be a very good / long game and the future of your domaining is questionable. Good luck w that!

Anyway, problem solved. Reporting sales

Regards
Lox.....of the 2,700 .online domains I own probably less than 100 of them come from NP. About 50% of them come from my personal experience naming businesses, and the remainder of them come from sites like Sedo, Brand Bucket, Namebio and a host of other brokers. I'm only concerned with what's left of the dot as what's right of the dot is pretty insignificant in the big scheme of things. Just go to BrandableDomains.com, and what you see on their first page are now .online domains in my portfolio. .online is the hottest nGTLD, and it fits with most names especially virtual names and anything sold "online". Thanks for all your help Lox(y)
 
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Out of curiosity once I bought a guide from a domain guru on the Warrior forums some years back. He actually encouraged registering .net and/or .org if the .com sold for a pretty penny. It's been a bit but I think he had suggested that .nets could sell for 30% of the .com value and .org about 10%. As someone who owns developed sites, I'm totally cool with a domainer holding my .net or .org and paying the reg fee for years and years, I'd be more upset if an end user grabbed one and started developing.

Anyway, the guru suggested you go to a site like Namebio or Flippa and check the sales, then check for .net and .orgs that were open for reg and then e-mail those buyers. I don't know if that really works. I'm not interested in trying. I see that Namebio owns their .net and .org and someone is sitting on the .co and .info asking $4330...lol but why would anyone want either of those names? I imagine the only traffic they get is from people like us when conversations like this come up.

When I bought my first house back in 2019, I was hit with mail from a variety of businesses. Some were trying to scam me with offers of fake deeds. Others offering insurance, appraisals and more. Heck, I get snail mail offers for domain name search engine submission bills from time to time. So it's not a surprise that domain owners get hit with offers.

I don't know that the namepros 880+ page thread is really making things that much worse for people. Especially when there's plenty of sites sharing sales that happen on their sites.
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scithe....whats funny is I've never seen the 880+ page NP thread you're referring to. However I do use sources like Namebio and major brokerage's to register .online domains that fit my narrative. I've now registered over 2700 .online domains, and I haven't scratched the surface. The guru you refer to could have been me if I only knew about this industry back in the day. If I sound overly confident I am...that's why my vanity license plates read "Name Guy"

I'm not your traditional domainer....."Niche" domaining is my thing, and I'm getting better at it everyday. I make more than enough sales to get by, but there are some real clown's here on NP who attempt to force my hand. Essentially, the world is SICK and getting SICKER:xf.wink:
 
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scithe....whats funny is I've never seen the 880+ page NP thread you're referring to. However I do use sources like Namebio and major brokerage's to register .online domains that fit my narrative. I've now registered over 2700 .online domains, and I haven't scratched the surface. The guru you refer to could have been me if I only knew about this industry back in the day. If I sound overly confident I am...that's why my vanity license plates read "Name Guy"

I'm not your traditional domainer....."Niche" domaining is my thing, and I'm getting better at it everyday. I make more than enough sales to get by, but there are some real clown's here on NP who attempt to force my hand. Essentially, the world is SICK and getting SICKER:xf.wink:

It might be worth your time to check out that thread. If you are registering names that are taken elsewhere, it might be worth your time to see some of the names that have sold in the last few months in other extensions.

I assume with .online though that you are targeting different things like cities/states/provinces/countries.
 
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This was hard to read honestly, but the only reason people would report a private sale on here is to flex and gain domain cred lol. I am in the middle of wheater or not I will report a big private sale on here.
 
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It might be worth your time to check out that thread. If you are registering names that are taken elsewhere, it might be worth your time to see some of the names that have sold in the last few months in other extensions.

I assume with .online though that you are targeting different things like cities/states/provinces/countries.
Thanks scithe....i did check it out and actually joined.....thanks. In addition i registered the .online version of Warrior Forum to give to them if they want it. Keep in mind I said "give" to them, not to be confused with cybersquatting.

I keep up with names "sold" daily, but mostly I follow names that are "listed" for sale and if i see one I like and it's available Voila! .online has many other applications than cities/states/provinces/countries. It's my opinion that anyone running an internet business should own the .online extension of their business just like they should own both the singular and plural names.

Back to reporting sales....i've held off reporting my .com sales, but I intend to report .online sales/leases very soon:xf.smile:
 
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It happened again. S/p/a/m/m/i/n/g/ the buyer shortly after the report. Luckily, this time the buyer was domain investor- so no bad feelings. Huh.

R/a/p/i/dNames (s/p/m/e/r), this time I’ll keep my mouth shut. Next time ... let's dance.

Regards
 
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I have stopped reporting as it might create a distorted perception among investors. You report certain sale with a keyword, e.g., and everyone think that keyword is now special and bid/bin anything that comes up with it. They might not have the whole picture though. Maybe, you have hundreds of those and few sales are expected, maybe you outbounded, maybe it was just a chance.

Now, if it was not really that good of a choice without understanding combos etc., then the investors are hurt, if it was really good one or borderline good one, now you have lots of eyes prying and jumping with bids/bins and increasing competition and ruining profitability for everyone.
 
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If someone is actually messaging buyers and linking them to these message boards, that's really dumb of them. It's probably not a vocal member but someone who quietly lurks and does it.
 
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Just mentioning domains can hinder even when not sold. Eg someone has offer then asks for appraisal it all goes into search engines.
 
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Reported a few sales elsewhere I made last few months. As a rule, I report only a small portion of my sales.

Reason being, even with brandables as soon as you report some bottom feeder regs in some other extensions with bin. These last few times were no exception.

For super generic terms that have multiple end users its more understandable than on the type of domain only one party will likely use.

My new tactic to my occasional reporting is delaying reporting a month or so so if the buyer wants other extensions they can get those before the vultures come out.

Doing these ” I sold a domain but I can’t give any info out” is not a solution either. Thats unverifiable bragging and is also frowned on because it’s useless.

Even if you keep a sale to yourself, the vultures in this niche also like to uncover and declare other peoples sales. I guess because they aren’t selling anything for themselves.

There is no good solution to these issues other than to not report or very selectively report.
 
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That's why I only report sales from above 3 years ago.. Make sure it won't make a problem to my clients and me.

In domaining industry, there are some kinds of un-ethic domainers :
- Cyber Squatters
- Brokers who sell others domains without permission
- Trademark infringers
- etc.

They really make problem to other domainers, and they refuse to learn that what they are doing are un-ethical.
 
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While I agree with most of what you said, the issue is mainly those who go back to spam those buyers with their names simply because Domainer A sold a similar keyword name. That's not cool on any level even if the sale was an impersonal BIN sale.
It's just like in ad sales. Whenever salespeople see and ad for a client they've to book, they all start bombarding that advertiser like they have endless cash to splash in every publication/other form of media.

That's why many marketing directors dislike sales calls.
 
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Real estate purchases are public, stock prices, crypto, funding rounds, etc...

I can understand a company wanting to keep their sale private, they have every right to request NDA. However, I believe public domain sales are free publicity and with any publicity you are going to get spam.

The public sale also serves as a benchmark for the value of the domain, and may be used in the future to help with the valuation of a company and their assets.
 
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https://en.wikipedia.org/wiki/Compensation_(psychology) :

In psychology, compensation is a strategy whereby one covers up, consciously or unconsciously, weaknesses, frustrations, desires, or feelings of inadequacy or incompetence in one life area through the gratification or (drive towards) excellence in another area.

.. may be a real reason why, at least in some cases, folks do report sales.

And, we should respect our buyers. Even one-time buyers. If they want their sale to be reported - let them do it themselves. Not all buyers want their purchases to be reported, obviously.

Well said
I am 100% agree

I have never reported any of my sales
It's totally unethical.
 
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