NameSilo

Bad Days for Domaining

Labeled as opinion in Domain Selling and Domain Sales, started by xbank, May 26, 2020

Replies:
46
Views:
2,873

  1. rajdomains

    rajdomains Established Member

    Posts:
    293
    Likes Received:
    786
    In 2nd week of march I have received an email from Sedo My $50K Domains has been sold but the buyer didn't make the payment. (This was 2nd time for the same domain).

    $100 offer received for good 4 letters .com domain - rejected
    $3.5K offer rejected

    Due to lock down in India, I am not able to run my prime work. Since lockdown, I have given plenty of time in domaining, re-structured my website (rajdomains.com), revised pricing of domains But No Luck!!!
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. xbank

    xbank xbank Blue Account

    Posts:
    456
    Likes Received:
    738
  3. xbank

    xbank xbank Blue Account

    Posts:
    456
    Likes Received:
    738
    @rajdomains yes this is happening more often now .. got 4 sales drowned

    Raj can you tell which name got 50k offer ? in private
     
    Last edited: May 29, 2020
  4. frank-germany

    frank-germany domainer since 2001 / musician VIP

    Posts:
    8,486
    Likes Received:
    12,163

    I guess it's not due to the virus
    but due to Trump
    or the spring
    or the left over effects of winter
     
  5. November

    November Top Contributor VIP

    Posts:
    1,357
    Likes Received:
    1,279
    80% of my domains are published on Squadhelp. I have almost 500 premium domains there, no sale in the last 3 months.Before the pandemic there was 1 sale every month.
    There was 1 sale 2 months ago, but the domain was purchased via Afternic /it was published on Squadhelp too/
     
    Last edited: May 29, 2020
  6. xbank

    xbank xbank Blue Account

    Posts:
    456
    Likes Received:
    738
    @November means around 80% of the people are agreed with my opinion and with my post!
     
  7. Joe Nichols

    Joe Nichols Common sense consultant VIP

    Posts:
    2,453
    Likes Received:
    5,679
    Like @Bob Hawkes I have heard and read varying opinions on how COVID has affected domain sales. The more well-known personalities in the industry seem to feel that the market is very much alive and well.

    Personally, I made my largest sale ever in April, so the last three months have been quite positive for me.

    Either way, it is too early to draw any conclusions. We won't truly know how the industry has been impacted until we're looking back on this time a few years from now.
     
  8. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

    Posts:
    2,292
    Likes Received:
    1,106
    It would seem to me that the present domain market at worst is just going through one of its regular readjustments, but it is gearing up for a boom in many areas. It should be remembered that the financial crisis of 2007/8 saw a real downturn in market activity, and this followed the severe downturn when the .com bubble burst back at the turn of the century.

    The difference now is perhaps that online business is now recognised by a far greater number of businesses, small, medium, and large, to be the way to recover from the present downturn. Also many existing businesses will flounder with indeed many failing, this will lead to newcomers coming into the market to fill the voids left in numerous niches - and these new businesses will all look at their online presence as paramount and invest in such including domain names. In the meantime it is also likely that those existing businesses which survive will also realise the importance of their online presence and invest in making their share of the market expand wherever possible.

    From the above I think this temporary blip, if indeed one is occurring, will soon be overshadowed by the boom yet to come starting by the end of the year.
     
  9. frank-germany

    frank-germany domainer since 2001 / musician VIP

    Posts:
    8,486
    Likes Received:
    12,163
    Mai was quite a decent month for me
     
  10. BBQ Names

    BBQ Names Upgraded Member Blue Account

    Posts:
    53
    Likes Received:
    63
    Good sales past few months here. Above average a bit.
     
  11. Josytal

    Josytal Top Contributor VIP

    Posts:
    1,517
    Likes Received:
    1,941
    Domaining is not an island. When there is downturn in economy or other vital industries and businesses, it affects domaining. Ripple effect, it's called.

    Forget about pockets of individual sales, the economic situation is generally in bad shape, not only in domaining. Online advertising in which we have vested interest and used to be the cash cow is presently at the ebb. Air transportation, travel and tourism, energy - just to name a few - are all in distress and "yelling" for bail out.

    Lesson learnt:
    In good times, always make provisions for emergencies.
     
    Last edited: May 29, 2020
  12. xbank

    xbank xbank Blue Account

    Posts:
    456
    Likes Received:
    738
  13. Rory Ivey

    Rory Ivey Top Contributor VIP

    Posts:
    3,073
    Likes Received:
    4,169
    The pandemic does impact sales, because people are fearful as the future is unsure. Even though no one can predict the future.. it was easier when someone knew a paycheck was guaranteed weekly... But I think as things settles..it will cause a boom or resurgence in domain sales. Because everyone will see the importance of owning a name and starting online business and not depend on only a job.
     
  14. Domain Monk

    Domain Monk Mindful Domaining VIP

    Posts:
    3,217
    Likes Received:
    2,376
    But 0 effects on domainer aftermarket ppl still keep buying at crazy prices..on a hope to resell
     
    Last edited: May 31, 2020
  15. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

    Posts:
    3,884
    Likes Received:
    10,134
    Thanks everyone for sharing their views and experiences which is always good to read :xf.love:. It adds more to the knowledge of what exactly is happening.

    As I've been sharing my Afternic sales every month starting this year, I'd some ups and downs and overall remained slow until April if I compare the same time period of last year. Both in terms of money and few hundred of domains added to the portfolio.

    Anyhow, May report on Afternic sales has been exceptional which I'm going to share in the first week of June.

    Stay tuned! :xf.smile:
     
  16. Rich

    Rich Top Contributor VIP ★★★★★★★★★★

    Posts:
    1,250
    Likes Received:
    1,359
    I've had a couple sales fall through as well, figure it's to be expected with so many newcomers and low ballers coming out of the woodwork.
     
  17. Jurgen Wolf

    Jurgen Wolf Top Contributor VIP ★★★★★★★★★★

    Posts:
    10,459
    Likes Received:
    8,702
    I have contacted them again last week - no changes, they are still not ready.
     
  18. otismo

    otismo Established Member

    Posts:
    279
    Likes Received:
    164
    The new regime of registrars asking huge money for so-called "premium" names doesn't help,

    and the extortion goes further when they want massive annual rent, and even monthly rent !
     
  19. otismo

    otismo Established Member

    Posts:
    279
    Likes Received:
    164
    There is a type of person who will pay over $500 for a tee shirt.

    They arrived right on time in 1929, and they're here now !

    Spent lavishly all through the '30s - $500 Million for Salvador Mundi - for that chromo ?

    @ Nommes Tres Chic Domain Boutique
     
  20. xbank

    xbank xbank Blue Account

    Posts:
    456
    Likes Received:
    738
    Yes, I believe when there are sellers who do things and register dumb names .. we have a whole lot of buyers who also buy names which makes no sense, so it's from both end :)
     
    Last edited: Jun 1, 2020
  21. coolred

    coolred Upgraded Member Gold Account Blue Account ★★★★★★★★★★

    Posts:
    68
    Likes Received:
    19
    Scavengers got some bargains this year, but signs of life recently :)
     
  22. Way3

    Way3 TheMainDomains Gold Account

    Posts:
    60
    Likes Received:
    52
    Can't speak specifically to SEDO, but I've been tracking the reported sales listed via Namebio for the past 12 weeks and daily sales reported have averaged 300+ sales (give or take a dozen or two, up or down depending on news I'd guess). Some weeks avg daily domain sales prices - per domain - dipped slightly (as in from $700+ to $600+) but number of sales hasn't really declined.

    This says nothing about the future. Just an observation - I thought sales would be more heavily impacted as well.
     
    Last edited: Jun 1, 2020

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...