Digimagi
Established Member
- Impact
- 23
Can anyone please explain to me the point of several of the large domain brokers out there with huge sites filled with domains and they advertise them for upwards of $100,000 each, when they have appraised values , sometimes of $15?
I don't get it.
First of all, why do they purchase worthless names to begin with, and secondly, why do they try to sell them for huge, insane amounts of money?
From a business standpoint, this makes no sense to me, and i'm trying to learn about this industry.
It seems they like to hoard, inflate their own egos as to the worth of their chose names, and then greed is the topping on the cake, because they try to get amounts of cash that are nearly impossible.
My own estimation tells me they are just people who see the public as extremely gullible idiots waiting to be taken advantage of, and it's a numbers game and a sucker is born every minute.
Is this what they are thinking?
Or what?
I don't get it.
First of all, why do they purchase worthless names to begin with, and secondly, why do they try to sell them for huge, insane amounts of money?
From a business standpoint, this makes no sense to me, and i'm trying to learn about this industry.
It seems they like to hoard, inflate their own egos as to the worth of their chose names, and then greed is the topping on the cake, because they try to get amounts of cash that are nearly impossible.
My own estimation tells me they are just people who see the public as extremely gullible idiots waiting to be taken advantage of, and it's a numbers game and a sucker is born every minute.
Is this what they are thinking?
Or what?