Average Listing Time Before Sale

[LiamShiff]

Hello everyone,

I'm really glad to have joined the namePros community and look forward to domaining!

I was experimenting the other day with a couple of hand registered domains that I was trying to sell on GoDaddy and I was wondering: on average, assume the correct price is set, how many days does it take to sell a LLLLLL.com (6 letters only) domain (Offer/Counter-Offer type with 1 or 2 dictionary words and no paid promotions)

And if the correct price is not set, do you keep experimenting by listing it with different prices, or do you have other ways of determining the ~correct price?

Please excuse any mistakes I may have made in terms of acronyms and correct use of domaining words. I'm new here and trying to learn

Appreciate the feedback!

 

[Asfas1000]

Hi, what is the "correct price" ?

 

[LiamShiff]

Hi, what is the "correct price" ?

Meaning you did not overprice it or underprice it. Or a "fair" price.

 

[Asfas1000]

Meaning you did not overprice it or underprice it. Or a "fair" price

This is the tricky part...it's not easy to know if you're selling too low or too high.

 

[WeSell-Domains]

It's been my experience that most domains that sell for HUGE amounts of money have been registered and held for quite some time. Of course you could pay a huge amount for a domain if you have a particular target in mind and know how to market to them, then you probably could turn the domain over quickly. For me, most of my domains are one and two word .com's and are priced in the mid $xxx range. I have sold some after a couple of months but most I have held for two or more years before they sell. I am not a web developer so my domains have cpc landing pages. If you could develop you domains into commercially successful websites you tend to have higher sales but development takes time. There is no perfect answer to this question IMHO

 

[urlurl]

it could take a few days or a thousand years...

its not about the price as much the quality of the name that will determine if a name sells, and how fast

 

[Name Trader]

How long is a piece of string?

 

[JoeE]

The only information you volunteer was that this domain has "only" six letters with one or 2 dictionary words.
If it's a random 6 letters, that does not mean a thing. There are a ton of 5 letter domains left unregistered, so letters could be HUGE or worthless. If it's a good 1 or 2 words it may sell in a few minutes if the BIN is set right. But keep in mind even great names (million dollar ones) sometimes it takes many years to sell, since the seller has a set price in mind.

 

[erchaman]

The only information you volunteer was that this domain has "only" six letters with one or 2 dictionary words.
If it's a random 6 letters, that does not mean a thing. There are a ton of 5 letter domains left unregistered, so letters could be HUGE or worthless. If it's a good 1 or 2 words it may sell in a few minutes if the BIN is set right. But keep in mind even great names (million dollar ones) sometimes it takes many years to sell, since the seller has a set price in mind.

When you say few minuts. Do I supose there is a Horde of buyers waiting for to type correctly my domain in the registar search toolbar? Hmmm don't think so. Should be very very very lucky with a very premium brandable word.
IMO

 

[JoeE]

When you say few minuts. Do I supose there is a Horde of buyers waiting for to type correctly my domain in the registar search toolbar? Hmmm don't think so. Should be very very very lucky with a very premium brandable word.
IMO

Search the forms for domains that were snapped in minutes from being listed. there was a story of a 3L domain that was sold for peanuts because the seller did not know the real value and went with GoDaddy's suggest value which was a tiny fraction of the actual worth. That's what I meant by minutes. When a domainer or someone who understand domains and domain prices sees a similar opportunity they'll jump on it.

 

[LiamShiff]

For example, one that I hold and trying to sell is viewbj.com. Which could be easily used for tourism of any city, or place with B & J in the name. I thought it was a pretty good catch so I grabbed it.
What do you guys think?

 

[erchaman]

Search the forms for domains that were snapped in minutes from being listed. there was a story of a 3L domain that was sold for peanuts because the seller did not know the real value and went with GoDaddy's suggest value which was a tiny fraction of the actual worth. That's what I meant by minutes. When a domainer or someone who understand domains and domain prices sees a similar opportunity they'll jump on it.

Yeah It's true mate, but in that case I always hope the "newbie seller" will always get a good auction price because the war of auctioners. But we should ask to ourselves, will be some newbie on domains with a 3L domain? If so, how is posible he/she got it? Quite strange and wonder if I could meet that experience.

 

[DomainVP]

For example, one that I hold and trying to sell is viewbj.com. Which could be easily used for tourism of any city, or place with B & J in the name. I thought it was a pretty good catch so I grabbed it.
What do you guys think?

It sounds like a porn domain, and not a very strong one.

Tourism would be 'Visit' not 'view'.

It's not a very good domain, I wouldn't have registered it at all.

 

[frank-germany]

5 years

 

[LiamShiff]

It sounds like a porn domain, and not a very strong one.

Tourism would be 'Visit' not 'view'.

It's not a very good domain, I wouldn't have registered it at all.

I was thinking of viewBeijing maybe. Ok got it, thanks for the feedback!

 

[JoeE]

Yeah It's true mate, but in that case I always hope the "newbie seller" will always get a good auction price because the war of auctioners. But we should ask to ourselves, will be some newbie on domains with a 3L domain? If so, how is posible he/she got it? Quite strange and wonder if I could meet that experience.

The seller was not new to business on the internet, he was running an online business for many years, but was not aware of domain pricing. He did not auction the domain, he listed it with a BIN price, and it was SNAPPED in a flash by a Chinese domainer (If I remember correctly).