opinion Does it bother you when you contact someone on NP and they ask way too much for their domain name?

[Daniel Owens]

I recently, made an offer on a domain for about what it appeared worth. It is a .one extension domain and 4L the seller replied back $8,000. Then, they said it is great deal because they say it would go for $12,000 at namescon. This was all on namepros.
Question:
Does it bother you when you contact someone on namepros and they ask way to much, perhaps even thousands for a domain that is worth xx or maybe like $200 yet they want x,xxx or even xx,xxx?

 

[Coldtrigger]

Not in the slightest. It's their domain and they can price it however they see fit. I move on and buy something else.

 

[sgtppr]

It bothers me that domaining in general is like that, it ruined domaining, as the general public doesn't even try anymore. They expect that.

But given that that's how it works: it does not bother me any extra that it happens on domain forums. Overall prices are generally better here so that's good.

 

[.X.]

Doesn't bother me a bit, Us domainers most usually think way more of the names we own, than others do, I usually just send a firm counter offer, It is take it or leave it for the seller at that point

 

[obocar]

Absolutely, if anyone is trying to sell their domains at end user pricing here they are living in dreamland.

Even selling good domains here are super low reseller prices can be a challenge. IMO NP marketplace is biased more towards the buyer and not the seller... as a buyer we can pick up really awesome domains for dirt cheap here.... as a seller we have to really price our domains at rock bottom prices if we want to move them. (This excludes liquid NNN/ NNNN / LLL / LLLL .com domains..).

Totally agree.
That's reality.

 

[xynames]

What about the namepros members who are seeking or trying to buy domains for a fraction of what they are worth. You see examples of their posts every hour of every day.

For me, namepros is an educational resource.

 

[1Darko]

What about the namepros members who are seeking or trying to buy domains for a fraction of what they are worth. You see examples of their posts every hour of every day.

For me, namepros is an educational resource.

I agree with that one!

 

[biggie]

if,

the person contacting you about the price of a domain, doesn't even know the value of domains....

then how can they say, you're asking too much?

here you have the OP, who's been a member of the forum for what, 2 years?

and because they feel like the domains price is out of reach, that the owner is asking too much?


doesn't that sound like one of the same lame excuse the any other "nobody out of the blue" would say, who doesn't know domain values either?

the venue doesn't set pricing, the domain owner does... and you all should remember that, next time you're sucking up news about frank, rick or mike's latest big sale.

drops the mic and walks offstage



imo....

 

[biggie]

here is the thing guys...

Rather than have this discussion over and over - let's try an experiment.

@biggie , I am calling myself out up front as a newbie. Please, help make sense of what I'm saying if it's not clear - as I think you have been communicating a similar theme.

I'm new to Domaining full-time, but I am not a newbie to business, finance, valuation models , M&A, etc. So, I look at things from a different angle sometimes, I think anyway.

But, this thing that I find most interesting is the lack of a unified valuation (don’t want to say method, too specific) conceptual standard. Meaning everyone understands that X Y Z G B all contribute to the final value, but all points must be considered in order to come to that result (or result range).

From what I have experienced, so far, is most agree that there a # of points that are considered in a value - for the most part what all the possible points are seem to be acknowledge, (True/False make sense?)

What doesn't seem to get acknowledged is that all those data points combined and through some mathematical magic - an actual data driven value can be produced (and reproduced).

Picking and choosing only the most "adventitious” points and considering those alone - well, that is not a valuation model - it's guessing. And it over and undervalues domains across the board.

There will never be consistent pricing if everyone picks and chooses to make lottery tickets out of "pretty good".

--Not that I am saying there has to or should be any change to how things work, this business was here long before me and there are many successful people to use as a role models - Something is working for some people - people smarter than I.

Just giving a view from another side and from someone who enjoys this space and will be here 10+ years from now. (might be fun to read this post then.)

Also, keep in mind that applies on both sides - buyer and seller - that's the only way a price range can be consistently (from an actuarial point of view).

So maybe the experiment is - always ask for an explanation of the valuation, in detail, with data. If I am going to spend 75K on a name - is it reasonable to expect?

Or, preempt them with providing one with an offer?

Just some thoughts,


Brian

Hi @DnameAgame

welcome to domain world

off the top:
from your posted outside experience.....you'd be considered an end-user

one these folks would be spamming trying to upsell their newly registered names to

when or if you read the email, they may include a price

that price, is ultimately higher than what they paid for it
and more than likely, it was derived out of thin air,

or from the advice given in a post after they created an appraisal thread.
or a percentage of what an automated appraisal tool said.
or a percentage of past sale, they think is a comparable to their name.
or a few dollars more than the previous offers they received
or how much the name earns each month multiplied by any number of years they can dream of
etc, etc.

if there was unified valuations, then who would unify them and would they have control over pricing?
if there was unified pricing, then could any given name sell for more than what the unified price range was?

data points are just points, but "gut feeling" can outweigh them all




imo...

 

[lock]

If selling I have the issue where people feel entitled to a wholesale price but wanting to buy a domain, traffic or webmaster related domain name we all do that too. I have more of a problem with anon people with fake names gmail, hotmail with no site or whois to research asking whether I take a low ball price on best of inventory happened often enough to take names off sale list in past.

If buying and over priced will just accept it and move on I have seen some over the end users knee prices here at times and wonder if they just want a broker to help get them a good price. I generally don't start negotiations if unrealistic reflecting perhaps their stubbornness of asking price keyword when related to industry.
eg: sex dot com sells for 12m and someone has say 7L+sex =10L and wants 1m
your thinking $xxx as the end user. Just note down expiry date and name as your guaranteed one year it wont be still that price if parked.

 

[1Darko]

@deez007 I am afraid to pm most people in make an offer thread, or that post domains in chat. They, totally over value them a lot of the time.

If you are afraid than you should let other people to handle it

 

[1Darko]

Does it bother me...? Not in the least!

If an enduser only wants to pay reg fee for a domain you own and tells you that your pricing (let's say $xxx) is WAY outside of his/her/their predetermined value of it (i.e ~$10), should you then feel obligated to reduce your price to what he/she/they want to pay? I'm going to guess not because you have a reason to believe it is worth more.

A "few" years ago you could pick up old Porsches, AC Cobras, Muscle Cars etc for a relative song. Since then many of these cars have increased tremendously in value. (Woulda, coulda, shoulda. Sigh...)

I remember when you could have bought a great Buick Grand National awhile back for ~$15-25k. But now...
http://www.carbuzz.com/news/2017/4/...Were-Parked-In-A-Garage-For-30-Years-7738665/

The guy might be nuts for asking $200k for these two cars, but I bet he got a LOT for them one way or the other!!!

I see names being sold all the time at prices that I just can't understand -- to the point it makes my head hurt! (Yeah, I'm looking at you Mr Schwartz... lol) I guess if you truly believe there is a buyer out there that will be willing to pay the price you are asking, then you can stick to your guns as long as you want and ignore the naysayers until that person comes along or you go out and find them. My domain, my decision!

An old friend from Germany told me some years ago a story about his grandfather. His grandfather heard as a child that once a year a very influence and rich man with a black cilinder (hat) crosses the bridge. He imagined that if he wants to succeed he must wait at the bridge for the man with the black cilinder. He eventally was really able to meet the man with the black cilinder and it changed his life!

 

[Smiles76]

Does it bother me...? Not in the least!

If an enduser only wants to pay reg fee for a domain you own and tells you that your pricing (let's say $xxx) is WAY outside of his/her/their predetermined value of it (i.e ~$10), should you then feel obligated to reduce your price to what he/she/they want to pay? I'm going to guess not because you have a reason to believe it is worth more.

A "few" years ago you could pick up old Porsches, AC Cobras, Muscle Cars etc for a relative song. Since then many of these cars have increased tremendously in value. (Woulda, coulda, shoulda. Sigh...)

I remember when you could have bought a great Buick Grand National awhile back for ~$15-25k. But now...

The guy might be nuts for asking $200k for these two cars, but I bet he got a LOT for them one way or the other!!!

I see names being sold all the time at prices that I just can't understand -- to the point it makes my head hurt! (Yeah, I'm looking at you Mr Schwartz... lol) I guess if you truly believe there is a buyer out there that will be willing to pay the price you are asking, then you can stick to your guns as long as you want and ignore the naysayers until that person comes along or you go out and find them. My domain, my decision!

I get what you're saying but I think this way of thinking is part of the reason why domainers as a whole only have a 2% sell thru rate on their domains. Many are ignoring basic market principles and are adopting more of a lottery mentality. The market not the domainer ultimately determines what a domain is worth. Many domainers would rather hold a domain for decades because they "feel" it's worth more despite what the market is telling them. As a result, 98% of domains that most domainers own will never sell and the only winner in that scenario are the registrars who are getting renewal fees.

 

[maya-zir]

I get what you're saying but I think this way of thinking is part of the reason why domainers as a whole only have a 2% sell thru rate on their domains. Many are ignoring basic market principles and are adopting more of a lottery mentality. The market not the domainer ultimately determines what a domain is worth. Many domainers would rather hold a domain for decades because they "feel" it's worth more despite what the market is telling them. As a result, 98% of domains that most domainers own will never sell and the only winner in that scenario are the registrars who are getting renewal fees.

You didnt get the point.
He made 8K offer for domain he pretended to sell later with higher price. Maybe more over 12K.
Then why he surprises with the fact that the actual domain owner also plans sell it for 12K ?
We dont talk about XX domain wich owner asked 12K, right?

 

[Name Trader]

Seems as though the ego's on this forum have grown larger then the politeness. Yes... I am talking about all of you who have been doing this for a long time so you feel the need to go around like an elitist jerk.

Was no one taught "If you have nothing nice to say don't say anything at all" ?

You all act like someone over asking for a domain of theirs is going to ruin your life to the point where you reply and try and put them down. I literally see the same bunch of "veterans" going around telling people with GREAT names that they will never get a dime for it. Take a look through the "appraisal" page every day and see for yourself.

Trust me, if someone is posting something for too high and no one responds they will figure that out themselves.

Here's a tip..... Lighten up, live and let live and most importantly, stop being assholes to newbies

I hope you are not including me in those remarks.

 

[BPdomainer]

Lol well is this something you do? I've actually never seen you comment prior to this. @stub

 

[BPdomainer]

Hahaha @Avtar629

 

[Daniel Owens]

bump

 

[Daniel Owens]

bump

 

[Daniel Owens]

bump

 

[Daniel Owens]

bump

 

[nameuu_com]

If you do like it, you must counter with the seller, if not, pass and move on.

 

[Daniel Owens]

Bump

 

[Daniel Owens]

bump

 

[Asfas1000]

I don't mind if they ask too much, perhaps they know something that I don't, or they have a different view on the domain.

 

[urlurl]

nope