advice Are previously sold domain valuable

[luvlydevin]

I have some domain which was previously sold for low x,xxx in the past, does that alone make this domain valuable, and even if am to sell it will I get close to or even more the amount it was first sold

 

[gilescoley]

No, it doesn't mean anything, you also have to wonder why the name is available again?

There are also a lot of fake sales reported on a weekly basis, so bear that in mind as well.

 

[Kate]

Many sales are one of a kind, there could have been only one end user for the domain. It might not sell ever again.

 

[aramyus]

There are also a lot of fake sales reported on a weekly basis

Just curiosity: is that fact documented somewhere ? Is it made with the complicity of by big players like GD, flippa...

Of course, I am not talking of 'published transactions' on forums which asre essentially not trustful.

 

[gilescoley]

You will see fake sales all the time, easy to prove it it changed hands by checking the whois

 

[Kuffy]

Wht could make it less valuable is if it was used for spamming, or some other illegal activity.

 

[aramyus]

I've recently checked ~400k previously sold domains and I found that ~2% are available again but they are worth only a fraction of their oritinal price.

For example, the domains below have a former sales reported at ~2000$ and were available a couple months ago.

chicagoapartmentsluxury.com
naturalproducts.asia
united-domainsrvice.com
ugly-christmas-sweaters.info
winnerswindowscasino.com

I don't think any of these have much value.

Good domains are monitored by hundred of domainers, but their filters are not 100% accurate (and fashion/trends may change over time). It's very unlikely that a domain gets dropped without domainers noticing it, but it happens.

The 'gems' left over are more likely in the 100-300$ range. Too small for many domainers.

Back to your original question: there is absolutely no reason to expect you'll be able to sell your domain at the previous price (and to sell it even at a distressed price)

 

[Kuffy]

I'm surprised that someone got $2,000 or so for any of those names. There isn't one that I would pay $9 to register if I saw it on an available list.

I think I need to improve my sales skills.

 

[Sinh]

Especially for brandnames, with someone it will be 4 fig. or 5 fig.but other it is only $10 reg.fee.
Recently I have seen this sale:

weset.com 876 USD 2016-10-18 GoDaddy
weset.com 10,000 USD 2015-06-16 Sedo

 

[aramyus]

You will see fake sales all the time, easy to prove it it changed hands by checking the whois

Let me rephrase my question: I can think of only 2 places where transaction prices are published: forums on one side and 'big market places' such as GD or flippa on the other.

I don't give much trust to what is told in forums when money is involved. I would not draw much conclusions based on forum reported facts. For the same reason, I wouldn't give much consideration to the fact that a domain has changed owner in whois (there are many legitimate reasons for that BTW) and I wouldn't consider that as a previous sale unless there is strong evidence from other sources.

On an other hand, I have no reason to believe that big players publish fake transactions. They might be abused by unethical practices (similar to what happens once in a while in the stock market).

I was wondering if there is a mechanism I am not aware of that would involve reputable players with or without their complicity.

 

[gilescoley]

Im not really sure of the answer to your question, all I was saying is not all sales reported are actual sales, there are plenty of places that report sales though, Im sure most of them come fro the same or similar sources

namebio
dnjournal
dnpric.es
dnsaleprice.com
+ a few others I cant think of right

 

[aramyus]

@gilescoley
Thanks for the clarification. As far as I know, the sites you mention all compile former trasactions published on big market places

 

[luvlydevin]

Well these sale's was both reported on both dnpric.es and dnsaleprice

 

[deez007]

Keep in mind that domains have become an ideal way of laundering money in and out of a country. Whilst also profiting from the potential sale when you create "perceived value" on a domain name.

Let me explain... lets say for instance Mr Smith registers a business in a tax haven like the Bahamas then using his new company he buys a domain called PowerhouseINC.com for reg fee (or he could even spend like a few $100 on buying an existing domain that has some value)... Then Mr Smith waits a few months then buys this domain for $25 000 from his own company that's registered in the Bahamas using his real name and details for the WHOis info... he concludes the deal via Flippa so it gets listed as a sale on the marketplace (cost's him 10% on Flippa's commission).

Now Mr Smith has legally taken $25 000 out of his country... his cost is the 10% commission he pays to flippa...BUT he still owns a domain that now has a perceived value of $25 000. So even if his sells if for $5000... he would have taken money out his country and still be sitting with a $2500 profit. Do this a few times and he would have a taken alot of money out the country and own a portfolio of domains that has good perceived value. Off course it would be wise to actually invest in fairly decent domains so that it increases the chance justifying the perceived value. This is also one of the reasons why nGTLD are great..... someone can grab a single word nGTLD where the .com equivalent sold for lets say $1 million usd.... then do this Mr Smith domain ownership dance and have a domain with a good perceived value that can be further justified with sales history of the .com / .net variants...

I can not be the only person on the planet that has figured this out.... I'm sure there a people doing it at the moment which would account for some of the "fake sales".

Just saying....

 

[luvlydevin]

Wao

 

[aramyus]

@deez007 Thanks for the clarification.

 

[WhoaDomain.com]

Keep in mind that domains have become an ideal way of laundering money in and out of a country. Whilst also profiting from the potential sale when you create "perceived value" on a domain name.

Let me explain... lets say for instance Mr Smith registers a business in a tax haven like the Bahamas then using his new company he buys a domain called PowerhouseINC.com for reg fee (or he could even spend like a few $100 on buying an existing domain that has some value)... Then Mr Smith waits a few months then buys this domain for $25 000 from his own company that's registered in the Bahamas using his real name and details for the WHOis info... he concludes the deal via Flippa so it gets listed as a sale on the marketplace (cost's him 10% on Flippa's commission).

Now Mr Smith has legally taken $25 000 out of his country... his cost is the 10% commission he pays to flippa...BUT he still owns a domain that now has a perceived value of $25 000. So even if his sells if for $5000... he would have taken money out his country and still be sitting with a $2500 profit. Do this a few times and he would have a taken alot of money out the country and own a portfolio of domains that has good perceived value. Off course it would be wise to actually invest in fairly decent domains so that it increases the chance justifying the perceived value. This is also one of the reasons why nGTLD are great..... someone can grab a single word nGTLD where the .com equivalent sold for lets say $1 million usd.... then do this Mr Smith domain ownership dance and have a domain with a good perceived value that can be further justified with sales history of the .com / .net variants...

I can not be the only person on the planet that has figured this out.... I'm sure there a people doing it at the moment which would account for some of the "fake sales".

Just saying....

this is what the Chinese are doing with 1L/1N.com's to 4L/4N.com's for Sure!

but these days. under the "excuse" of Homeland Security going after Terrorist money laundering activities the USA has forced pretty much all "tax havens" to cough up all info and transactions of it's citizens. and I'm sure every other country will follow suit. very soon. to protect their interests as citizens try to "leave" their tax burdening countries.

 

[deez007]

this is what the Chinese are doing with 1L/1N.com's to 4L/4N.com's for Sure!

but these days. under the "excuse" of Homeland Security going after Terrorist money laundering activities the USA has forced pretty much all "tax havens" to cough up all info and transactions of it's citizens. and I'm sure every other country will follow suit. very soon. to protect their interests as citizens try to "leave" their tax burdening countries.

That my friend is why Cryptocurrency will start to get more and more appealing to the masses

Combine domaining with Crypto and the possibilities are endless.....

 

[WhoaDomain.com]

That my friend is why Cryptocurrency will start to get more and more appealing to the masses

you don't think all the recent Bitcoin hacks weren't part of a global Gov conspiracy to "taint" the idea of Bitcoin usage?

perhaps the tech boys in Langley Virginia home of the CIA and Mi5 and Mi6 in the UK were tasked with stealing all those bitcoins from MT Gox.

Governments around the world saw Bitcoin as a threat. It was a way to secretly launder money. Now a days I think Gov's already have the "key" to Bitcoin and all other Crypto's using blockchain.

will they announce it?

Never!

This is why people will still try to use domains as a method of money laundering. and why domains will fetch such a high price for no apparent reason and then sell for cheap later on.

 

[SpareDomains]

Knowing a domain you own previously sold doesn't hurt as it proves someone in the world was willing to pay a premium for it. Question is can ya find another someone willing to pay a premium for it and at what price point. So past performance doesn't guarantee future success but I don't think it hurts if one of your domains achieved xxxx before unless it was someone that drank too much one night and substantially overpaid the first time. Just look at the domain name and use common sense. Would a company want this domain? What do ya think a company would pay for it? If ya get a yes and a decent valuation hang onto it. If you can find no logical reason a business would want it or pay a premium for it then maybe not worth the hold. I've got one now that I sold for $1,000 and a couple years later it expired so due to making $990+ profit on it I snatched it back up as enough profit to hold it a year or two and see if I can do it again.

 

[TerriJ]

Man, the idea of money laundering in relation to domaining hadn't even crossed my mind!