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?

 

[MapleDots]

nope

 

[Daniel Owens]

Like, I included in the question people on namepros asking for thousands for domains when this is a reseller platform especially when it's .one or .xyz not .com. I feel like most people here are cheapskates.

 

[karmaco]

There is nothing we can do about it, people end up selling for far less later out of desperation.

Yes so you could say this a double edged sword in here as domainers with more capital and contacts can easily swoop some good names from someone in need of immediate cash and price it however they like and they do. Its like some people expect to be given domains just because its a fellow domainer. Lots of fuss about crappy names and then griping when someone is trying to turn a profit--- just like we all are. If you don't like the price you move on.

 

[Haykay2005]

I believe quality name can sell big irrespective of the forum or market. If the seller is pricing its premium domain right, why the fuzz?

 

[Dominique]

I think there are two types of domain value:

1. Objective value
- based on clear parameters, such as domain lenght, extensions, age, traffic etc, etc

2. Subjective value
- not determined by any objective parameter
- can vary a lot
- based on emotional connection with domain (reasonable or unreasonable)
- for example:
someones first domain ever registered,
domain is similar to name of someones daughter; gifted domain; etc

If seller is going too high, it is indicator that he:
- misjudges objective value
- is ready to negotiate and just trying to take good starting position
- uses subjective parameters in it

I respect any offer and counteroffer price and it doesnt bother me at all.

 

[Daniel Owens]

bump. Nice points Dominique

 

[Willox Perez]

Like many have pointed out it should not bother you at all but you also should avoid wasting too much time on a back and forth because when people give you crazy prices it does not matter how much logic you give them they might not budge.

Of course attempt to negotiate but then just move on. Remember in their eyes you are now a prospect/potential buyer and I am pretty sure they will contact you again eventually with a lower and more reasonable price once they realize the domain won't sell for their ridiculous dream price.

- Will

 

[BrandPlease]

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