Argentum
Established Member
- Impact
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Just 2 cents
There is like 1500 coins on the market also. How can they all be backed as winners, essentially when you invest the owners are selling into your buying as they have unlimited domains.I think he means, there are simply too many crypto-names on the market.
I think he means, there are simply too many crypto-names on the market.
It doesn't really work anymore, like the boy who cried wolf, make a hype tweet, make a billion dollars, only thing somebody has to pay for it.TRON CEO Does a good job at tweeting a lot of hype....
Can you either post here or pm me what it sold for I am curious. Ok?I just sold one for obscene profit xx,xxx so I'll have to pass on your advice.
2-Cents is a funny expression but giving his "two cents" means to give advice.I think the op maybe said that he has budget just 2 cents.
in which case I recommend something like maybe PACCOIN?
I do not believe one can acquire good crypto domain for 2 cents budget.
jmo.
cheers
gl
Can you either post here or pm me what it sold for I am curious. Ok?
Thanks.
Very informative, thanks. Could you tell us how you get paid from the buyer? And are there any risks with how you get paid? Many thanks$8 hand reg I've held for a few years, I wanted 25k as purchase price means nothing to me a domain is worth what I feel it's worth to the "right" buyer. Dropped down to 16k (very rare for me to drop that much) since it was right before Christmas and figured would allow me to have a very nice generous vacation with family. So over $15,900 in profit on the 16k sale. Sold on my own domain sales landing page as I've always done my own pages/markets so I had name, email, phone, ip etc... of the buyer which is the only way to negotiate. Almost all my sales since 2003 are $8 and a few years renewals into x,xxx-xx,xxx as I wait for inbound leads and don't do outbound marketing. Those who use options that hide buyer info Sedo, Afternic, Undeveloped etc... are at a major disadvantage as blind negotiations. Every sale I do I know who I'm talking to and what their plans are with the domain.
Have reinvested a portion of the profits into domains from other domainers keyword, keyword brandable, 4 letter and I've hand registered 11 new similar .coms so far and have a few more available on my maybe list as spending $100-$200 outta 16k on a handful of similar domains isn't much risk, another one pans out cool if not no biggie. If I make a good profit on a niche then natural to toss $100-$200+ on a few more related domains to see if I can ring the register twice. All my sales are basically hand regs though since 2003 $8 into 1k,2k,3k,3.5k,6.5k,7.5k,16k etc... all across the board. I don't play in auctions unless it's for personal use. So I'm the $8 guy that has patience and waits for the inbound leads and works them up from there. It's not about emailing hundreds of people to buy my domains for $500 it's about buying the right domains to begin with=quality business use and getting them in the distribution paths sedo, afternic, domainnamesales etc... to get buyers coming to me on a regular basis on my own landing pages/site so I have all the buyer information so easy to investigate if I have the "right" buyer on the line.
Many sellers probably go $8 investment take the $500 where I see an $8 domain only costing $8 more dollars to keep another year so cheap enough to hold for the "right" buyer. Also have to consider replacement costs as if you sell one of your best domains too cheap it's not 2003 anymore where you can go hand reg a replacement for $8 as more eyeballs on the expiring market these days. I don't sell a ton of domains but I make sure everyone of them counts in the ROI department so I don't need to sell a ton. After a few sales figured maybe I'm lucky but after 15 years of turning $8 hand reg and expired domains into x,xxx-xx,xxx I stand by...
1)Buy the best quality .coms you can find, money comes from end users, do your domains appeal to end user businesses?
2)Get them distributed sedo, afternic, domainnamesales, etc... but direct them to your own site or own landing pages where you receive buyer name, email, phone, ip address etc... that you can investigate, pointing your domains anywhere where buyer information isn't passed on is just handing money away to a market that does nothing to promote your domains, most leads come direct to the landing page.
3)What you paid for a domain means nothing, what is this domain worth to a business in the field, is it good or can they find an alternative that's better for $8, if you only sell to businesses like myself xxx prices shouldn't exist and if they do then they better be high xxx as a starting point.
4)Learn how to say no in a polite manner, gonna close this one up, if your budget increases in the future let us know thanks etc.... basically get in my range or we don't have time for you, have a great day, be surprised how well this has worked for me.
etc...
If your domains make end user business sense then listen to my rambling above. If not then continue to flip away for x-xxx as that's the flip business model instead of the quality/hold/end user only sales model. I prefer the second model as it equals no work. Buy domain, toss on my sales page, list at third party aftermarkets, answer inbound leads. Flip model equals a job of hustling and always replacing inventory which I don't really have time for due to my developed profitable websites. Quality of the domains will determine if you're able to take the passive higher ROI route or if ya need to continually flip at smaller profit margins. No right or wrong as profit is profit but I'll always prefer the less work/more profit margin model.
so annoying right now.TRON CEO Does a good job at tweeting a lot of hype....
Very informative, thanks. Could you tell us how you get paid from the buyer? And are there any risks with how you get paid? Many thanks