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Are the top domains in this forum the unwanted domains without buyers?

Labeled as question in Domain Beginners, started by sansmidman, Jul 15, 2020

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  1. sansmidman

    sansmidman Established Member

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    Let me explain, So I see in the marketplace there is a "Top Domains" section. On the surface, they look like they are bangers. There are solid one words, some LLLL.com and more but my question is, are they essentially words that does not have buyers that are not domainers? These sellers had these domains and they listed them and parked them wherever for however long but they found no buyers. So they got it listed here, Am I getting that right? So even though they are banger one word .com, they may not be useful to any particular industry or company in an sort of meaningful way? If this line of thinking is correct, are they essentially not good investments? I mean why else are there selling to wholesalers? Buying from wholesalers and selling to wholesalers does not make sense, right?
     
    Last edited: Jul 15, 2020
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  2. Silentptnr

    Silentptnr Top Contributor VIP

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    Domain names can have long holding times. It is not uncommon for a great domain to wait years for the right buyer. Also, depending on the seller, there might be no urgency to sell. It is generally believed that domains increase in value over time.

    Exposure is important. Namepros is the number one forum for domain names. Tons of people, both investors and end users, pass through NP. It's a good idea sometimes to leverage that exposure.

    It's not really a matter of not having found buyers. It's more a matter of right buyers not having found the domain.

    It's a bit of a complex subject but hopefully that gives you some perspective.
     
  3. Josytal

    Josytal Top Contributor VIP

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    I think most of guys do it for appraisal. Free appraisal. They collect offers just to gauge the market potential of the domains. IMO.
     
  4. sansmidman

    sansmidman Established Member

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    wow. So basically this is a banger way to figure out what people are willing to pay for these domains. How devilishly clever. It also explains why some of the "top domain" folks never seems to sell. I have reached out to a few and I have asked for the BIN. I'm usually given a range. Let's say I was told "$30 to 50k". So your Buy It Now, BIN is a range and not an exact dollar amount you are willing to take. I have even gone above their range, like offering $60K when I'm told "$30 to $50K" Nope. They are not ready to sell. I was even told one time "I have received higher offers" when I gave them a price higher than their asking range. If you have received higher offers, why is it your BIN range lower? It can only explained by the truth that they had no intention of ever selling. They are just waiting for the "right buyer" while collecting free appraisals.

    And as for waiting for the "right buyer", so it's essential like this
    Wholesaler 1 holds it for 3 years. No buyer. And if he does sell to another wholesaler, then,

    Wholesaler 2 then holds it for 2 years. No buyer, and then sold to another wholesaler.
    So basically all the wholesalers that owned that domain inherently understands the value of the "top domain" but all of them are essentially holding the domain for a while hoping to to be the one who runs into the "right buyer?"
    Is that what's going on?
     
    Last edited: Jul 16, 2020
  5. Jimmysun

    Jimmysun Established Member

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    Congrats, you re about to close the line of truth, except real end-users sales occupies some ranges of selling, domaining is a small circle that domainers sold to domainers and company whose understand domaining, otherwise you need to put very big efforts persuading an end users to acquire it, many of ways, many big sales came from top sellers/brokers carrying of nice reputation, or from registrars. If you’re not lucky then you’re playing a relay game, reputation is an really important key that you’re well known in circles, or you selling it on ebay etc. along with extensive ADs, nothing is easy, if you park your domain and waiting that’s more like playing megaballs ( even though you owned some good names on hand).
     
  6. karmaco

    karmaco Top Contributor VIP

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    No domain has a guaranteed end user— until it does. These top domains are seen as having higher potential for sale or appeal to actual end users. However since they usually come with a much higher price expectation they take longer to sell.

    People sell high caliber names all the time as flippers or because they need some funds. It has nothing to do with the name being unsellable. They just aren’t willing or able to hold out for a whale. Many would rather see small profit today than uncertain future profit. It just depends on the domainers goals or current finances.
     
  7. sansmidman

    sansmidman Established Member

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    I guess big part of the strategy is networking. Outside of using brokers how does one get in touch that the right end user for the domains you have? Not only do you have to be pretty adept at understanding the value of the domain, you also have to be a master in sales and finding the right end user who understands the value of your top domain.

    Do you domainers who need some funds have a calling card? :D
     
  8. John Bates

    John Bates Established Member

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    I agree with @Silentptnr point that some domain names need to be held for awhile. They are most likely domain names that would have to be an investors risk. Like deep inside us domain namers know that these domain names are good but it will take a while for the outside world to know it. I've regretted dropping a few domain names that were like this.
     
    Last edited: Jul 17, 2020
  9. sansmidman

    sansmidman Established Member

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    Hmmmm.

    "An investor risk where deep inside us we know it's worth it, you just gotta not give up and keep up hope"

    That's exactly what Amway pyramid scheme told me. haha All jokes aside, I do understand the waiting game. I read that in domaining, there is no such thing as luck but I can't help but feel that there is. You can do your best to evaluate the value and see if you want to take that risk, you can do everything within your control but the one thing you cannot control is the timing of the right buyer. I guess you can stay on top of specific industries by striking early. I guess all we can do are the steps we can to increase our chances of being the ones with the right domains at the right time.

    Sooo who is short for cash? Gimme all your LLL.com
     
  10. John Bates

    John Bates Established Member

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    I get what you are saying. I think my best advice would be to get well connected to 1) the domaining community. I think it is harder for outsiders to try to make a sale. 2) Get well connected with the industries that your domain names are based in. If you have real estate domain names, get connected with the real estate community. 3) Look at namepros archives.org. Look at the type of domain names that were being sold then and see how they fared now.
     

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