Discussion in 'General Domain Discussion' started by Anjani, Mar 8, 2018.
love this guy, what a g
I have learned so much from your videos (on Youtube), this one included. Thank you very much!
It's sorta like the lottery. You hear about the winner but not the millions of losers.
12 months is unrealistic. More like 5+ years. Offers come in all the time, but you're waiting for the right one. Some will sell after a week or a month, but on average nobody is selling their domains to end users within a year. After ten or twenty years most of your domains will remain unsold, unless you liquidate. Even really good names worth millions can take years to sell to an end user. That's why investors sometimes liquidate a few names like this because they need the cashflow when the bills pile up.
First focus on quality not quantity. Over several years you'll accumulate 50, 100, 200 quality names and a regular stream of offers. You need to ensure that the 4% that might sell each year cover your expenses and losses. Weather you pay $10 or $500 for a name, on average each sale needs to be in the four figures minimum. Unless you're an expert quick flipper it's unrealistic to sell names for $xxx and expect to get far. The numbers just don't add up. If you're in a developing country and think small $xxx sales will get you by, your holding costs will eat you alive.
The missing link would be it's 22 characters long, too long by most end users and domainers standards, to pay a premium for. Long tail domain names are really hard to sell even with good search volumes and (CPC) Cost per Click value. But not impossible! Welcome to NamePros and best of luck to you!
Thank you for sharing your valuable thoughts..
The primary problem i see is that there are more sellers than buyers across all platforms and almost everyone domain schooled will only buy 3l or 4l (supposedly liquid domains) .
Unless some end user comes in the late entrants are holding on to a pipe dream
Get what Micheal Says: i have some winners i guess like:
1 Holy Loans.com
7 Loan Que.com
Will post the sales report soon
Most buyers look for one or two descriptive names.
Find time to listen to domain sherpa talks.
I agree it's more like a marathon than a sprint. The problem sometimes is that not everyone is built to wait: both to learn and to sell. Even the big sales we hear of today took time to get there in some cases.
Good renewal cost management plus patience can bring nice results. I say again, giving the pressure to possible buyer is key factor of the final price. I do my hobbies i am concentrated to my main job and calm.
Michael...I'm Bulloney from Va. Beach, and I met you online about 6 months ago via an interview you had with Rob Monster of Epic.I'm guessing you may have heard of me by now because of the controversy I raise concerning the domain industry. The short video here only confirms much of what I've learned about "your" industry...before I go any further, I sent you a Linkedin invite when I met you, but you never responded That said, it was after your interview I also sent an invite to Rob, and since we've become online friends of sorts, even though I regretfully put him in an embarrassing situation, I now use Epik for registering the majority of my domains. Back on topic...the appraisal piece of the Domain industry is a real JOKE as I learned early in this game...I needn't give examples Michael, you know what I mean That said however, I'll be using them to show end users the possible value of a domain I may be selling. I'll preface my pitch with comments about appraisals being screwed up in the business, but I believe it will only add credibility, especially when I use GD appraisals as part of my pitch. End users have never heard of Estibot and any mention of their name would only confuse an end user.
Finally, your video was a result of Anjani's query for the name "SettlementAdvanceLoans.com" Micahel, as an entrepreneur starting and founding businesses serving the finance industry, I'm not sure I've heard of settlement advance loans? Payday Loans...Advance Loans sure, but not Settlement Advance Loans.
Michael, I own Refund.Loans and TaxRefund.Loans along with 50 other .loan(s) domains. Estibot has TaxRefund.Loans appraised at "O"....another JOKE, however it does recognize Refund.Loans as being worth $1,500 (lucky guesstimate). Michael, do you know how huge the tax refund loan industry is? I'm curious.
Michael...we need to talk/meet...ask Rob Monster about me. I think I may be able to add some credible value to your industry. Thanks
Anjani...I'm a rookie like you, but being involved in the "loan" industry (I was a baby bill collector, because my grandfather owned a very respectable collection agency) for almost 70 years, I don't see value in any of the names you posted? Never heard of a Holy Loan?...Holy Sh*t yea, an EMLoan? Loan Que? or the rest. Maybe there's something new going on in the loan industry that I never heard of, but how in the world did you come up with these names? Seriously, I'm curious.
If only you took the trouble of searching holy loans...there are many Holy union's who provide student loans and personal loans, Loan DM is ( Loan Direct Message) and Loan AC is Loan Account...there are many ways you can name a business as long as it conveys the central message
Anjani...I've named over 30 real businesses since starting my first business in 1970. I can assure you that 99% of the people you ask don't know what a "Holy Loan" is, or a LoanDM, or a LoanAC. I wasn't born yesterday, and it's highly unlikely anyone would want to name their business Holy Loan, LoanDM or LoanAC.
Lately my quoted prices are too high for the inquirers but since these inquiries are mostly lately coming in via Afternic for all I know they were hoping to snatch the domain for my posted minimum offer of $399. which I would not have sold any of the domains in question that low anyway.
I had one guy at Sedo actually get testy when I countered his $399 at $2500 and ask why I had a $399 minimum offer listed if I was not prepared to accept that.
Ok, maybe you would like corpusfund.com, corpusfunds.com or principalcash.com..anyways i think everyone believes others domains are pigeon sh*t..all i care about is if it matters to the end user...else no big deal..will learn along the way
seems you don't have long range goal in mind
in that, you've been under assumption that this is a "buy today and resell tomorrow" game.
faith and confidence, has to last longer than 12 months.
so, buy less names and save some cash for renewals.
yes!. I agree that all this is a game. of course you better than me because you good english language whereas I can only hope on google translate. in the domainer until now I still lose money but I know that in all things there is always hope and despair. playing games or not playing games? I chose to continue this game.
Thank You! Will restrategize at the end of the year and yeah thankfully renewals should be no big deal. Let's see how things play out...appreciate the advice you have provided.
i see lots of interest in some domains i bought like:
Hopefully something should come through
I have advancesettlementloan.com too.. advance settlement loans are Fast Funds that helps to level the playing field by offering advance settlement loans to plaintiffs
as with most things, play to win is the way to win
I maintain a 3 year approach... Keep your info hidden, unless you have a sales landing page you will get less spam them out of the blue start to open up some, and "BAM!" you are actually selling what other people salivate over. Unless you go the long route and develop your good domains to generate income which may become your full time thing.
If not you need to know it's 50 percent luck, 50 percent timing 100 percent patience. Truth? There is no short cut no matter what anyone says.
About a year ago you told me that iblock.io was a bad domain, using an "improper transposition" fallacy. I sold it for $2,688, not so bad imo.
Separate names with a comma.