A hard lesson learned

[TrueGift]

About 9 months ago I hand reged internationalbusinesscorporation.com
After 3 months I sold it here for $250 after not receiving any offers for 3 months Estibot apraised it then for $200 or so
Now I seen on DN Journal it sold on Sedo for $3500 and now Estibot appriases it for $3600
Of course I should have held on to it.

I now have 10 domains that Estibot appraises on average for $20,000 each and yet I have had no offers of a $1000 or so
Thought Id share my experience with you

 

[twomoon]

It's not a hard lesson - it's domaining

Had similar situations many times.

For example purchased here the name for $149, mailed really many endusers with zero result and than forgot to renew it. Didn't want to pay for recover. It was picked by one of the members here and sold few weeks ago for $1000 to enduser

Or another one: sold the name at Sedo for 2K - and in a week it was resold for around 8K

Good luck to you in your sales!

 

[Name Trader]

This would be hard on me too. It sucks to see someone turn around and flip for that much more. Such is the power of the arbitrary world of domains.

I'd like to put in a word of advice: put 99% less emphasis on auto-appraisals.

Somebody a few months ago posted on here that they sold some God awful .tv that I wouldn't even have taken the time to spit on for $9,000+. I learned a lot about selling domains from that post.

I'd like a link to that thread.

 

[seven]

I'd like a link to that thread.

Maybe someone will remember it. The domain sold for $9,000 - $10,000. It was a .tv and it was long and sold to a very specific niche end user. It may have even been a hyphen, I'm not sure.

Several people said they wouldn't have paid reg fee on it.

I can't for the life of me remember it. I'm sure someone remembers.

 

[Jeff]

Maybe someone will remember it. The domain sold for $9,000 - $10,000. It was a .tv and it was long and sold to a very specific niche end user. It may have even been a hyphen, I'm not sure.

Several people said they wouldn't have paid reg fee on it.

I can't for the life of me remember it. I'm sure someone remembers.

Lots of hype and either fake or incomplete reported "End user sales" with the struggling ccTLD .TV extension ... I wouldn't use any of this posted information here in this context for realistic lessons learned and/or meaningful insight IMHO.

Best,
Jeff

 

[seven]

Lots of hype and either fake or incomplete reported "End user sales" with the struggling ccTLD .TV extension ... I wouldn't use any of this posted information here in this context for realistic lessons learned and/or meaningful insight IMHO.

Best,
Jeff

Yeah, could have been fake. But I'm sure there have been plenty of true stories just like it.

 

[Jeff]

Yeah, could have been fake. But I'm sure there have been plenty of true stories just like it.

Yes, in credible and proven extensions ... such as .COM (as is apparently the case here in this thread/topic), .ORG, etc! :yell: :imho:
Best to compare apples with apples, IMHO.

All the best,
Jeff

 

[seven]

Yes, in credible and proven extensions ... such as .COM (as is apparently the case here in this thread/topic), .ORG, etc! :yell: :imho:
Best to compare apples with apples, IMHO.

All the best,
Jeff

Are you always this uptight?

 

[banners]

Hind sight is always 20/20, I would not beat yourself up too much over it. You still came out ahead of the game and you learned a valuable lesson. And even if you held onto it you might not have made that particular sale.

There is a learning curve and I would just keep moving forward.

 

[Jeff]

Are you always this uptight?

No worries.
Just trying to be thorough ... in your original post here you mentioned, "they sold some God awful .tv" and further that you "learned a lot about selling domains from that post"; the point is you're not comparing apples to apples here in this .COM context/topic, and as we've already agreed ... some, if not most, (if history is any judge) of the "reported .TV sales" could very well be hype, fake, and/or incomplete! :red: :imho:
Bottom line, I still don't quite understand how you learned a lot about selling domains from that one unrelated post ... especially here in the context of a long .COM sale!

Have a nice weekend,
Jeff

 

[JTFranklin]

Don't they say.. When one door closes, another one opens? So you take that 250 and you make something better. Or you can think evilly like me and hope the guy blew it all on black and he's back to square one. or take the higher road and be happy for the dude. Then you go on to make bigger and cooler things happen for yourself.

 

[seven]

No worries.
Just trying to be thorough ... in your original post here you mentioned, "they sold some God awful .tv" and further that you "learned a lot about selling domains from that post"; the point is you're not comparing apples to apples here in this .COM context/topic, and as we've already agreed ... some, if not most, (if history is any judge) of the "reported .TV sales" could very well be hype, fake, and/or incomplete! :red: :imho:
Bottom line, I still don't quite understand how you learned a lot about selling domains from that one unrelated post ... especially here in the context of a long .COM sale!

Have a nice weekend,
Jeff

You're missing the point. If you can sell a seemingly worthless domain for a huge amount, it doesn't matter if it's a .tv, a .com, or a .mx. The extension is irrelevant. The fact that you were able to turn an ugly domain for huge profit is what counts.

You have some anti .tv agenda that is blinding you from my point.

 

[Jeff]

You're missing the point. If you can sell a seemingly worthless domain for a huge amount, it doesn't matter if it's a .tv, a .com, or a .mx. The extension is irrelevant. The fact that you were able to turn an ugly domain for huge profit is what counts.

Untrue.
The point must also include acquisition costs, renewals, and opportunity cost ... and it is infinitely more likely that one could sell a seemingly worthless domain for a good amount in an established extension such as the .COM (which is the context of and specific example in this thread); you were the one who brought up the ".TV" and it's not generally good or even reasonable advice to highlight the Tuvalu ccTLD here (it's costs are higher, it's not an adopted or established extension, and it's reasonable likelihood of selling is drastically smaller), IMHO. :blink:

Regards,
Jeff

 

[Skinny]

I wouldn't worry about it. I mean I know how you feel. I could have made $x,xxx etc.

But on the bright side you made a sale and did collect some profit. Lots of names people register or buy never get sold (or resold). You can turn that $300 into bigger and better things.

I remember that I bought a domain here, years ago for $15 and resold it for $99. Now those aren't massive numbers, but this happens all the time.

Don't let it get you down.

Skinny

 

[roccom89]

whats the other 10 domains u have maybe i will buy one if its good

 

[Misterstrong]

...estibot update the domains value via sedo recent sales; i think also internationalbusinesscorporation.com it's a horrible domain name and your 250$ sell was a right sell.

 

[DorianGray]

...estibot update the domains value via sedo recent sales; i think also internationalbusinesscorporation.com it's a horrible domain name and your 250$ sell was a right sell.

This is the most funny part You predict the rain only after it rains LOL. Estibot used to undervalue all tlds except .COM - now corrected?

Cheers * - *

 

[seven]

Untrue.
The point must also include acquisition costs, renewals, and opportunity cost ... and it is infinitely more likely that one could sell a seemingly worthless domain for a good amount in an established extension such as the .COM (which is the context of and specific example in this thread); you were the one who brought up the ".TV" and it's not generally good or even reasonable advice to highlight the Tuvalu ccTLD here (it's costs are higher, it's not an adopted or established extension, and it's reasonable likelihood of selling is drastically smaller), IMHO. :blink:

Regards,
Jeff

In the scenario I used, an end user isn't going to differentiate the negligible reg fee difference. Also, in the scenario, you're not investing in a seemingly worthless domain on purpose so there goes the opportunity cost and renewals.

Basically, you're sitting there looking at a dead duck in my domain account and and end up selling it to an enduser for an incredible amount.

All that matters is what the enduser sees. If the domain is worthless in a .com, it's the same worthless in a .tv - after all, it's already purchased and you're not renewing it. You didn't buy a worthless domain on purpose. You wouldn't have continually renewed a worthless domain.

My point was that you can have a seemingly worthless domain of any extension - including .tv - and still be able to sell it for a significant sum if someone values it for that amount.

The extension does not matter because it's a worthless domain that a consensus wouldn't pay reg fee for. You're not going to renew the domain that you think is worthless.

If someone wants the domain for something like $5,000, paying $15 in a renewal fee they probably don't even know about won't matter.

Acquisition cost = irrelevant since it already happened

Opportunity cost = same

Renewals = irrelevant since you don't renew worthless domains

You're on something else.

You must really hate .tv.

 

[carob]

Of course I should have held on to it.

Not necessarily. I agree with what others have said on here that you don't necessarily have access to the endusers that someone else may have. So that makes you a sort of wholesaler where you get less than the retailer.

Also you might have better uses for the money than renewing a clunky domain name. Seriously, I would not register that domain, I would not use it, and I'd be happy to get $100.00 for it.

I'd say the real lesson is get to grips with the what-ifs and do your research before selling - research the buyer for example. If you don't need the cash and you have doubts, don't sell.

Look at what happened to this guy
http://www.elliotsblog.com/everythingeverywhere-com-sold-for-1900-gbp-7812

 

[LikuiD]

Wow, that is one tough lesson!
I wouldn't have imagined the domain ever reaching $3500 though, the name is really long!

 

[Jeff]

You must really hate .tv.

Again, it was you that brought up the ccTLD ".TV" here ... and thus far have been unable to post the domain/thread, as had been requested; :blink:

Maybe someone will remember it. The domain sold for $9,000 - $10,000. It was a .tv and it was long and sold to a very specific niche end user. It may have even been a hyphen, I'm not sure.

Several people said they wouldn't have paid reg fee on it.

I can't for the life of me remember it. I'm sure someone remembers.

You don't know the .TV domain name, you don't know its purchase price / acquisition cost (or ongoing renewal fees or unique opportunity costs), and you cannot come close to comparing it with a .COM which is the context of the OP's long domain here. My educated guess is that the .TV "sale" that you're referring was just another hype / fake reported "sale", and that the domain name still isn't being used or developed IMHO.
Your .TV Rosey™ glasses is clouding your judgement in this specific .COM example! :yell: :imho:

Have a nice weekend,
Jeff