Domainers So Quick To Sell.... Why?

[domainman101]

Why are domainers so quick, and eager to sell. They are flooding auction sites with millions of names, its a buyers buffet. I have been trying to aggresively purchase as many quality domains as I can, as sellers try to sell for whatever they can get pretty much. I can understand people need money, diversification etc... But don't be so quick to give your assets away, they are assets, Last night was watching TV.. watched a whole commercial about lifelock.com... the whole commercial they just kept saying lifelock.com, and so on.

Even this site, I see people selling domains for like $20, I understand some people might need spending cash, or what not from time to time.... If we tighten supply, demand can only increase, many of these past garbage domains based on exponential ambitions are going unclaimed, and the best one, two, and three word domains are being quietly put in safe portfolios. I understand they keep coming up with new tld's .asia .jp .tk whatever.... but .com will forever be King.... I simply think most of them are fundraisers for their regions, and would like to see a cap on them, but yea stop whoring your domains about like a cheap pimp pretty much. You can yell, scream, be mad, say bad things about me..........whatever, I don't really care............. but someone needs to say it.

 

[Web Master]

Domainers So Quick To Sell.... Why?

Good question on domaining going flustering.

Many domainers need more fast cash back to either buy more/better domains to work with so as to gaining more cash, or spend for a living.


:notme:

 

[frankiethepet]

yeah i think its crazy too... if they cant sell it for good cash in a couple weeks/months they sell it for a couple bucks...

ok some domains i would sell too but now and again i see really good domains that go for a couple bucks... n its like... wtf!?... well just keep your eye open so YOU can buy the good domains others are willing to sell cheap. Its good business for you... some go the fast flip route and some others see it more like an investment.

 

[domainman101]

True, I agree you both make good points, but when they set at such low price points, they are continually setting precedents. What else do we have to compare the going rate, is past sales, same thing with real estate. I understand needing cash for development etc... but when your scalping domains for $2-10 here and there, minus paypal fees... there are better ways to make money. The future, I really don't know what it holds, but I am seeing many small businesses starting websites, I had some concrete work done on my backyard, and I was asking the guy about colors, stamping etc... guy said check out my website, great this guy is a high school graduate working concrete his whole life, but within 5 minutes of looking at his gallery of past work, I was able to pick out what I wanted. Point being this was the last guy I thought would be online, guy drives a beatup truck, everytime I see him, he is covered in dirt, given his proffession thats fine, but if this guy is online... a semi generic domain dealing with concrete is valuable to this guy. Of course its great to have a few bucks in your pocket today, I guess it is alot like selling msft stock after it doubled in 1980's... you doubled your investment thats great, but then there were the people who just put the cert in a safety deposit box, and 10 years later, are rich beyond belief.

I guess with domain dilution there will be enough different holders to spread the wealth, but there will also be a key few ie . Frank S, Rick S, Rick L who are going to be that oh I wish that was me, well to this point they are already seen in that fate.... but in the next 3-5 years the build out is going to be very quick, and hopefully profitable in the domain industry. It is a land grab as we speak. So next time you get an offer, think twice.

 

[seven]

re

I like the above post by domainman101. I think where domainers get in trouble is the continual registeration of bad names that they aren't going to be able to sell.

Overall though, domains are an integral part of the Internet future - which if you think about it in the grand scale is still in its infancy. A good domain (especially keywords) really has no place but to go up in value. Having an online presence is starting to take hold, but I don't think the masses have fully realized this. It's my contention that the Internet hasn't even hit mainstream.

Thus, I believe in tucking them away and letting them age, but I know sometimes you have to thin your portfolio to keep up with the logistics of costs. This leads to the bargains you see everyday.

 

[DenRon]

Why are domainers so quick, and eager to sell. They are flooding auction sites with millions of names, its a buyers buffet. I have been trying to aggresively purchase as many quality domains as I can, as sellers try to sell for whatever they can get pretty much. I can understand people need money, diversification etc... But don't be so quick to give your assets away, they are assets, Last night was watching TV.. watched a whole commercial about lifelock.com... the whole commercial they just kept saying lifelock.com, and so on.

Even this site, I see people selling domains for like $20, I understand some people might need spending cash, or what not from time to time.... If we tighten supply, demand can only increase, many of these past garbage domains based on exponential ambitions are going unclaimed, and the best one, two, and three word domains are being quietly put in safe portfolios. I understand they keep coming up with new tld's .asia .jp .tk whatever.... but .com will forever be King.... I simply think most of them are fundraisers for their regions, and would like to see a cap on them, but yea stop whoring your domains about like a cheap pimp pretty much. You can yell, scream, be mad, say bad things about me..........whatever, I don't really care............. but someone needs to say it.

You make good points. Most people are followers, so whatever other people are doing...they will follow. You saw it with dumbass dotmobi. Now that the Guru's are selling, every grunt in the world is unloading. That's why they will never win.

The worst part of it all is when someone with good names starts selling some of their worst names while mentioning why they are raising money.....stupid nonsense. Most people are keeping their good names. These sellers never sell the good revenue names or the generics....just the horsecrap over-hyped stuff.

 

[InternetMoney]

They sell because they can't wait for higher prices or they don't think the price will rise much. I to think its early in the bull market and more will want to buy domains/web sites. There are traders and long term holders. The traders arent really keeping prices down. They are simply trading. Sure, if they were long term holders it might drive prices up but traders are a benefit never the less, its better than not having these people buy at all.

 

[mhdoc]

The thing I find interesting about these posts is the assumption buyers and sellers can tell the difference between "good" and "bad" domains. Certainly some are obvious, but many are not. Consider all the language and cultural variations. Domainers think differently than developers. End users have their own ideas. I have lots of names I think are good which I doubt would sell here.

Think of the stock market. Some folks like to buy and hold. Others are day traders. What one guy thinks is fun and profitable someone else looses with. It makes things interesting.

 

[Ross]

I am quick to sell because i know i can make a profit and reap bigger rewards with more money. Simple as that. Its like trading up every time i sell a domain for more than i bought it for.

 

[domainman101]

It is just like cell phones, do we all really need cell phones, NO, why does every 12 yr old kid have a cell phone? Thing is they are not selling for a high price to begin with. Information is everything, everyone needs a edge, and the only way to get that edge is to be informed at the touch of a button. With tens of thousands of businesses in each product segment, and only a handful of decent domains in each category it will not take long for the cream to rise to the top.

 

[Ross]

It is just like cell phones, do we all really need cell phones, NO, why does every 12 yr old kid have a cell phone? Thing is they are not selling for a high price to begin with. Information is everything, everyone needs a edge, and the only way to get that edge is to be informed at the touch of a button. With tens of thousands of businesses in each product segment, and only a handful of decent domains in each category it will not take long for the cream to rise to the top.

I already have a strong portfolio so i really just flip for fun and to supplement the money i spent on my portfolio. So i dont mind flipping a domain i bought for $6 and selling for $30. Thats some good ROI and not to mention doing that a couple times a times a day i make almost more than i do at my real job.

I think that flipping is one of the most misunderstood things about domaining. It takes a lot of time and a good eye to be able to flip domains for a profit.

 

[snoop]

It is about being realistic, most people need to make money here and now, not at some indefinate time in the future. Potential doesn't pay the bills unfortuntately.

"If we tighten supply, demand can only increase"

In terms of economics this doesn't make much sense, demand will be lower at the new price level in this scenario. Fewer sales will take place but at higher prices.

 

[domainman101]

I already have a strong portfolio so i really just flip for fun and to supplement the money i spent on my portfolio. So i dont mind flipping a domain i bought for $6 and selling for $30. Thats some good ROI and not to mention doing that a couple times a times a day i make almost more than i do at my real job.

I think that flipping is one of the most misunderstood things about domaining. It takes a lot of time and a good eye to be able to flip domains for a profit.

Since when is sitting hunched back over a desk, squinting at 1000's of names, getting your hopes up everytime you see a good name to see its not spelled right, or a TM. Only to have your eyes hurt, and back hurt. There are scripts that do that very nice, very quickly. Even the auctions are getting very expensive for subpar names, which is great. I wouldn't call it fun, but you are providing a service to people who don't want to bother, so you pay $7, mark it up for $30 great..... keeps everyone happy, the reg's, the bargain hunters... etc... so all the names you buy you sell 100% of the time? You stated you have a good enough port, which I guess is sort of your safe bank that you want to see top dollar for, which is great, you deserve every dollar for those domains. I have issue with people selling those great names every waking wanted domains chance for super cheap prices.

It is about being realistic, most people need to make money here and now, not at some indefinate time in the future. Potential doesn't pay the bills unfortuntately.

"If we tighten supply, demand can only increase"

In terms of economics this doesn't make much sense, demand will be lower at the new price level in this scenario. Fewer sales will take place but at higher prices.

How so? Post a want and on this site for adult names, I will get 100 emails by next morning, from people wanting to sell me everything, and nothing I asked for, and they are relentless, so when that happens, I can pick and choose, and lowball them because they are so desperate. I would rather sell one domains for $1000, rather than 10 domains for $500. The exp auctions have been great chance to play catch up... but the quality of top notch names coming out of exp domains is becoming ever so rare... and expensive...basically end user sale prices upfront.

 

[VisionEdger]

True, I agree you both make good points, but when they set at such low price points, they are continually setting precedents. What else do we have to compare the going rate, is past sales, same thing with real estate. I understand needing cash for development etc... but when your scalping domains for $2-10 here and there, minus paypal fees... there are better ways to make money. The future, I really don't know what it holds, but I am seeing many small businesses starting websites, I had some concrete work done on my backyard, and I was asking the guy about colors, stamping etc... guy said check out my website, great this guy is a high school graduate working concrete his whole life, but within 5 minutes of looking at his gallery of past work, I was able to pick out what I wanted. Point being this was the last guy I thought would be online, guy drives a beatup truck, everytime I see him, he is covered in dirt, given his proffession thats fine, but if this guy is online... a semi generic domain dealing with concrete is valuable to this guy. Of course its great to have a few bucks in your pocket today, I guess it is alot like selling msft stock after it doubled in 1980's... you doubled your investment thats great, but then there were the people who just put the cert in a safety deposit box, and 10 years later, are rich beyond belief.

I guess with domain dilution there will be enough different holders to spread the wealth, but there will also be a key few ie . Frank S, Rick S, Rick L who are going to be that oh I wish that was me, well to this point they are already seen in that fate.... but in the next 3-5 years the build out is going to be very quick, and hopefully profitable in the domain industry. It is a land grab as we speak. So next time you get an offer, think twice.

One quick observation. That guy with the beat up truck and dirty clothes probably makes more than your dentist! Masons are at the top of the trades food chain for salary.

Afternic, SEDo, Name Media etc and their owners are part of the problem as well. They flood their sites with over priced crap domains they own or broker and then they also expect domaineers to pay them to post their domains on their sites so all of these domains are mixed in with theirs.

Sedo has 11 million domains now. How does a little guy get his domains seen on that site unless they pay for a spotlight option and hope someone bids. Its nuts. Then the domainer comes to forums like this to at least try to get there reg fee back since all of the above does dick for them.

How can a small time domainer even compete with these bigtime portfolios and ask the same overblown prices the big dogs do? The little guy then has to resort to lowering their prices to try and beat out afternic, Name Media etc to get noticed. Hence the lower $$$ domainers are willing to try and get since the big dogs are flooding the market with their domains.

IMHO these are the companies that are messing up the domain market NOT the little guy!!

 

[Marck]

Since when is sitting hunched back over a desk, squinting at 1000's of names, getting your hopes up everytime you see a good name to see its not spelled right, or a TM. Only to have your eyes hurt, and back hurt. There are scripts that do that very nice, very quickly. Even the auctions are getting very expensive for subpar names, which is great. I wouldn't call it fun, but you are providing a service to people who don't want to bother, so you pay $7, mark it up for $30 great..... keeps everyone happy, the reg's, the bargain hunters... etc... so all the names you buy you sell 100% of the time? You stated you have a good enough port, which I guess is sort of your safe bank that you want to see top dollar for, which is great, you deserve every dollar for those domains. I have issue with people selling those great names every waking wanted domains chance for super cheap prices.



How so? Post a want and on this site for adult names, I will get 100 emails by next morning, from people wanting to sell me everything, and nothing I asked for, and they are relentless, so when that happens, I can pick and choose, and lowball them because they are so desperate. I would rather sell one domains for $1000, rather than 10 domains for $500. The exp auctions have been great chance to play catch up... but the quality of top notch names coming out of exp domains is becoming ever so rare... and expensive...basically end user sale prices upfront.

Reading your posts in this thread I can't help but get the impression that either you have no idea how the world works or you're a much luckier person than I am.

 

[htmlindex]

Why are domainers so quick, and eager to sell.

Because people like instant gratification. They want to make a quick buck whenever possible.

Personally, I'm not a person looking for a quick flip. I plan on holding my names for a good amount of time or wait for the right buyer. The only names I'd do a quick flip is names that I don't really plan on holding for a while.

 

[bmugford]

I understand selling certain domains. Let's say I can get a domain like QZYJ.com or something similar for $25-$30, if I can sell it instantly for $50 i would pocket the profits and put them toward better domains that i would like to hang on to.

 

[Billidn]

Most names are listed because they are junk and they get no traffic and don't pay for themselves. 95% of the names listed on forums are quite simply worthless. Some of the huge for sale lists posted on the various forums makes you wonder "what the hell were they thinking".

 

[tristanperry]

It's Human behaviour unfortunately.

I seen an article linked to before regarding this exact same behaviour, only on the stock markets instead.

Very strange, although I'm mostly guilty as well. Hopefully though, after renewing many of my domains for a couple of years in advance, I won't be so quick to sell in the future

 

[snoop]

How so? Post a want and on this site for adult names, I will get 100 emails by next morning, from people wanting to sell me everything, and nothing I asked for, and they are relentless, so when that happens, I can pick and choose, and lowball them because they are so desperate. I would rather sell one domains for $1000, rather than 10 domains for $500. The exp auctions have been great chance to play catch up... but the quality of top notch names coming out of exp domains is becoming ever so rare... and expensive...basically end user sale prices upfront.

Doesn't quite work that way in my view. The desperate people responding to any and all wanted ads are generally the people whose names are really not worth anything (otherwise the names would sell easily), almost always they are people new to the industry. For those people to hold off and not try and sell in the short term won't make the names any better.

I don't think there has ever been any evidence to suggest waiting for enduser is a better business model than selling to domainers and vice versa. Your example of $1000 versus $500 sounds like a guess to me. One could easily argue any other scenarios.