Why would you say that?
Is it because buyer is loaded, or the inherent value if the name?
I am not saying I don't agree with you. I just want to understand why it was a good deal.
Because I would have priced it at around 20K on Squadhelp and have left 80k on the table duh!!!!!`
Not all 4L's are the same and how you or me price names is not the marker of a names potential value. Why pick on this 4L? Go to the sold section of this forum and tell me what you would have priced most of the names sold for 3k+? 200? Let them drop?
Almi is a 250k name, but almost all domains of value will take a long time to sell because it takes a long time for the right buyer with money to think of a name and go for it.
I would say almost every domainer undersells their names because we feel that no offer on a name for many years means the domain is worth a lot less than we think. THIS IS A SERIOUS MISTAKE (if you have a quality name).
It takes time for their to be a collision between someone with money in love with a name and the name holder. If you buy a name with the goal of
selling it quickly for a lot of money you will almost ALWAYS be disappointed.
This same problem happens to investors of other assets that do not always move much for many years. And in those cases too, only a few make money because the rest are restless.
In stocks you could sit on a company that is quality for a long time but there is very little movement in the stock. If you know the team behind the company is good and their business is stable and they keep trying, you know there is a chance that sooner or later they will do well with something and there will be a big move. (Summed up a few chapters for you from the Intelligent Investor).
If you buy real estate in an area that is good but there is no movement in the market to the upside and there is no decline in quality of life in that area etc. You could jump away and sell or you could know that sooner or later given the population growth and the rising cost in other markets, your area will rise a lot once it develops more and people move to it. But this takes time, the rewards are usually really good.
Domains are even more like the above examples. It takes time, a lot of time, but compared to other investments, you spend nothing holding on to a good domain asset. Obviously if you are a unrealistic gambler you will continue renewing all your junk names and demand silly prices for them, but if you have been around long enough and you learned to let go of junk, you will have a very nice tight portfolio, allowing you to comfortably hold and wait for the right buyer.
We are right now experiencing extreme cash injections in all parts of economies especially into tech. You could decide to be the scared peasant asking for pocket change for a valuable asset, or you could price things accordingly and have confidence in your goods.
PS worth repeating, everything I just said only applies to high quality names. If you have low end names sell it. Most will pick a quality name in another extension over a low end .com. The sooner you part with low end inventory, the faster you could focus on quality.
