novadan5
Established Member
- Impact
- 144
Hi all,
I'm a new member but have been a "viewer" for a while - nice to meet you all. Thought I'd bite the bullet and sign up to the community as I hope I can give back as much as I take out.
My journey so far...
In my day job I'm CMO for an energy company, I know a hell or a lot about marketing (in particular digital, social selling & brand dev) but pretty new to the domain world but really enjoying the crossovers.
I sold a domain and Instagram account last year for £XXXXX which peaked my interested and slowly started picking up domains that I thought would be valuable, but with no intention to "flip". Then, I bought a domain a few weeks ago via GoDaddy and was approached via a GD broker with someone interested in it...
They offered $100, I countered with $10k (I figured I'd have nothing to lose as I never intended to sell anyway), they gave a "best and final" of $300 and eventually I sold for $650 and I was over the moon, but figured I also probably just got a bit lucky, but loved the idea of building this out into something cool. Mainly because I've always thought of domains as a huge digital asset and been on the buyer side for companies a few times.
I've got a pretty good grasp of my acquisition strategy which plays to my day job strengths, but the reason for reaching out is a request for good resources in terms of pricing strategy/appraisals if anyone is willing to share?
With the recent Godaddy domain that I sold, the GD value indicated it was worth under $100 which made me think; that its a load of crap then because I got more than 6x times that. I have a very small portfolio which I have now organised properly of around 100 domains, some have GD indicative values of around $2k and my short term strategy has been just to go big on price and get them listed whilst learning the ropes. I do appreciate this isn't a very smart move though! My domains are getting steady traffic, now it's time to really drive leads.
I thought rather than just asking a question I'd provide some context, but hoping someone willing to share pricing strategy resources or thoughts for someone starting out like me?
I'm utilising DAN to list the domains but was thinking about trying something like BB and paying $1 each to get them appraised just to see what they come back with. Good idea?
Appreciate any help.
I'm a new member but have been a "viewer" for a while - nice to meet you all. Thought I'd bite the bullet and sign up to the community as I hope I can give back as much as I take out.
My journey so far...
In my day job I'm CMO for an energy company, I know a hell or a lot about marketing (in particular digital, social selling & brand dev) but pretty new to the domain world but really enjoying the crossovers.
I sold a domain and Instagram account last year for £XXXXX which peaked my interested and slowly started picking up domains that I thought would be valuable, but with no intention to "flip". Then, I bought a domain a few weeks ago via GoDaddy and was approached via a GD broker with someone interested in it...
They offered $100, I countered with $10k (I figured I'd have nothing to lose as I never intended to sell anyway), they gave a "best and final" of $300 and eventually I sold for $650 and I was over the moon, but figured I also probably just got a bit lucky, but loved the idea of building this out into something cool. Mainly because I've always thought of domains as a huge digital asset and been on the buyer side for companies a few times.
I've got a pretty good grasp of my acquisition strategy which plays to my day job strengths, but the reason for reaching out is a request for good resources in terms of pricing strategy/appraisals if anyone is willing to share?
With the recent Godaddy domain that I sold, the GD value indicated it was worth under $100 which made me think; that its a load of crap then because I got more than 6x times that. I have a very small portfolio which I have now organised properly of around 100 domains, some have GD indicative values of around $2k and my short term strategy has been just to go big on price and get them listed whilst learning the ropes. I do appreciate this isn't a very smart move though! My domains are getting steady traffic, now it's time to really drive leads.
I thought rather than just asking a question I'd provide some context, but hoping someone willing to share pricing strategy resources or thoughts for someone starting out like me?
I'm utilising DAN to list the domains but was thinking about trying something like BB and paying $1 each to get them appraised just to see what they come back with. Good idea?
Appreciate any help.
