NamesCon2020

Did I sell too cheap?

Labeled as question in Domain Selling and Domain Sales started by TopTierDomainz, Dec 3, 2019.

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  1. namesprout

    namesprout Established Member

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    I sold TravelHop/com six months ago for $3k. I originally bought it for $300 about 8 years ago. I listed it on Namecheap market place for $9,999, but no buyers. The buyer then contacted me directly and offered $1.8k, I countered at $3k and he immediately said he'd take it. Did I sell it for too cheap?

    I keep rethinking this, did I mess up. I think a domain reseller bought it from me and he may flip it for much more. I looked at BB and they've got a couple Travel domain names that are valued $50k - $100k, TravelNews/com and TravelMap/com. What do you think TravelHop/com is valued at?

    On the bright side, this was my first sale and it's got me more interested in domaining. I've since bought 100+ more domains.
     
    Last edited: Dec 3, 2019
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  2. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    I think thats a good price for the name. TravelNews and TravelMap are in a different league to TravelHop. Its a good profit on a domain so I'd just be happy with the sale.

    I would also not go and register 100's of names because you made 1 sale, this is the biggest mistake you can make. Buy 3 or 4 decent names and try and sell them, rather than 100+ names that you cannot sell. The yearly renewals will now eat into your profit. If you made a sale now for $1000 or $1500, remember that is what your yearly renewals are so you have made $0, just something to be aware of.

    Good luck
     
  3. Samer

    Samer Top Member VIP

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    No way.

    Probably would have regretted it, if lost him

    u did well to accept ur counter, Well done!

    Samer
     
    Last edited: Dec 4, 2019
  4. Internet.Domains

    Internet.Domains Top Member VIP

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    Nope. Well done!
     
  5. Ategy

    Ategy NameCult.com Gold Account VIP

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    The one thing that's important to know about domains is that it's a big numbers game.

    When you work with an increasing number of domains the overall randomness turns into relative stability thanks to stats and probabilities BASED ON THE QUALITY OF YOUR DOMAINS AND PRICING!

    What that means however .. is that on the micro / individual domain level, you're almost always playing a guessing game. It's really frustrating and can most certainly have yourself second-guessing yourself a lot before you've made a handful of sales.

    Would the buyer have paid more for the domain?

    YES .. Sometimes they would have
    *AND*
    NO
    .. Sometimes too high a price just scares people off

    One huge thing you need to come to terms with in domaining is that some buyers have cash to burn .. while others have severe financial difficulties. There most certainly are some tools (Google, domainIQ, reverse email/IP searches) that can help you figure out who the potential buyer is and their probable price range .. but a lot of the time you just don't know and as hard as it is .. you can't let things completely out of your control stress you out too much.

    The one big positive about getting more and more sales, is that the variations in sales prices compared to expectation for each specific domain become less of an issue. It allows you to be a little more flexible .. knowing that sometimes you'll get more than you thought .. and other times less ... the real key is having a long term profit.


    That being said .. in the end I think it was a very good price considering what I think is a questionable quality of the domain (although I think you really overpaid for it originally if it was a wholesale purchase).


    To put it more simply .. I'd have been very happy getting that price for that domain.
     
  6. namesprout

    namesprout Established Member

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    Thanks for all the pointers. Whew, feeling better now about the sale. And I'll try to slow down on the purchases. My wife doesn't want me to buy any more domains until I get another sale, probably a good idea.
     
  7. NamePrime

    NamePrime The Godfather VIP

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    That's a fair price and a great counter offer. As long as you're happy with the sale, there's nothing to regret. It's a great ROI and you have the cash to invest in other names.
     
  8. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    thanks a lot, Ategy
    we all know the feeling
    that the domain might have gotten more dollars
    ... IF only IF ...
     
  9. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    the price was just right
     
  10. Brands.International

    Brands.International formerly lolwarrior Gold Account VIP

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    do not worry too much about it, as that was a really fair price for the domain name, imo .. nice sale, congrats :)
     
  11. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    No, you didn't, you took the right offer, it's a grind all the way. Personally I would not even invest in this niche from an investor point of view at higher priced auctions, because of the few large players who control the space, it takes a lot to get any leverage in this space, and developers know this.
     
  12. Donavan

    Donavan Established Member

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    Yes,always a good idea to listen to what the wife said.:xf.grin:

    Congrats on your sale!
     
  13. MapleDots

    MapleDots Domain Properties 2002 - 2020 VIP

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    The only reason you are second guessing yourself is because you don't know who the end user is. If you had that info you would have more peace of mind.

    I never quote on domains until my contact form is filled out, this way I have no regrets when facebook comes calling (I wish :ROFL:)
     
  14. MapleDots

    MapleDots Domain Properties 2002 - 2020 VIP

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    My favorite expression...

    Compromise is cheaper than divorce :giggle:
     
  15. J Sokol

    J Sokol Top Member VIP

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    Yes, this is the hardest part of domaining ... along with trying to be patient. I'm hoping both become easier with time.
     
  16. lock

    lock PremiumNameDomain.com VIP

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    It is also about getting some turn over 3k frees up other things.
     
  17. FolioTeam

    FolioTeam Top Member VIP

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    Congrats on the sale
     
  18. namesprout

    namesprout Established Member

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    Well I didn't know who he was at that moment cause I didn't stop and research his email (mistake I won't make again). I did after selling it, found his matching first and last name tied to a coursehero Site Flipping doc. Either way, I should have paused... researched him and similar sold prices. Lesson learned.
     
  19. BBQ Names

    BBQ Names Upgraded Member Blue Account

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    Perfect. Have zero regrets on this. I bet most first sales are not nearly as perfect.
     
  20. maxtorz

    maxtorz Established Member ★★★★★★★★★★

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    1. You got 10X ROI....so that's good.
    If you want some constructive criticism then hear me out:
    If you are asking $9,999USD WHY in the world would you counter with $3000??? That kind of discount is insane. No surprise he bought right away.
    That's my 2cents.
     
  21. namesprout

    namesprout Established Member

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    I forgot what I listed it for. I put it up for sale, forgot about it and then got an email. I was so excited to actually get a sale that I just countered. Didn't really realize what I had it originally listed for until a few days later.
     

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