NameSilo

Don't Shoot for the moon

Labeled as sales in Domain Industry News started by equity78, Nov 18, 2019.

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  1. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Rob Monster of Epik recently started an interesting discussion over at NamePros about “shooting the moon” when selling your domains. Basically the premise was that you don’t know how much the buyer would be willing to pay, so you might as well ask for an astronomical number and see what happens.

    After all, you can’t get a high price if you don’t ask… right? Plus you can always offer a lease as a cheaper alternative, or you can walk your price back down.

    For 99.99% of you this is terrible advice. Why?

    Read more at Namebio
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

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    Great advice and a very good read

    I am shooting for the moon on a very small percentage of my names (mainly the Defi ones) the rest I am very realistic, if a reasonable offer comes in then I am happy to move it on and not be sentimental about it.

    You have to try and keep moving forwards and to do that in this industry you need sales to pay for those renewals and to keep adding the right inventory (easier said than done!)
     
  3. Samer

    Samer Top Member VIP

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    I’m shooting for the moon on most of them.

    Rob’s post provided best email outline, i saw
    i recommend all copy, cuz i had a hard time writing email to any interested buying my DN.

    Dont take “shoot moon” literally, pick ur price

    He went above and beyond, by proved email outline used his past successful transactions,
    (you can use your own prices, not “moon” price

    Tell NameBio CEO to focus fixing reporting unconfirmed sales (higher price = more work)

    Samer
     
    Last edited: Nov 18, 2019
  4. LarryDomain

    LarryDomain Top Member VIP

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    Yep, shoot the moon on all of it!! Even the 20 character names! Who else knows the value of your domain better than you??
     
  5. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

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    I read a lot of your posts and they are very positive regarding Rob and you seem quite defensive when it comes to him, but you why you feel the need to post sly digs about someone who provides a constructive alternative to his suggestion is beyond me.....
     
  6. Samer

    Samer Top Member VIP

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    My biggest issue in this industry is coming up with email outline, Rob provided one, free.
    a dam good one, used in past successful sales

    Out of all the threads Rob made, moon thread connected me the most. Check it out and read you cant come up with a better reply email, especially if it’s other party showed interest.
     
    Last edited: Nov 18, 2019
  7. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    thank you

    all this misleading information
    masked as "I only want to help you, guys" ...

    and thank you for opening a new thread, of course, too,
     
  8. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    I wish you all the luck to shoot to the moon, Samer.
    It's not impossible you may hit it

    they did it in `69
    so why wouldn't you?
     
  9. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

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    You respectfully disagree with what? This is not about a free email outline (there are other threads on Namepros regarding this) this is about your blinkered approach when it comes to discussing alternatives to his thinking....

    It might of connected with you, but disregarding everybody elses advice and experience and blindly following one person is a dangerous game. You should try and keep an open mind.....
     
  10. Federer

    Federer Top Member VIP ★★★★★★★★★★

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    Some of the best advice I have seen, period.
    "list all of your domains for sale on Afternic and Sedo, price most of them and make it a reasonable number, and opt them into the MLS/DLS so they get into the registration path. If you do that you’ll be ahead of most domain investors, and well on your way to growing your portfolio."
     
  11. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

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    What does it mean by the "registration path"? Does this mean it shows up on other registrars sites when people search for the name and reg it on that site?
     
  12. Furquah

    Furquah Skipper Epik.com Staff VIP

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    I had rather said that I will "shoot the moon" as well as I will note his advice.

    here are some name reported on his own namebio.

    commercialsearch.com 30,000 USD 2019-11-05 Sedo
    gambling-law-us.com 57,000 USD 2019-11-04 GoDaddy
    recipe4living.com 40,500 USD 2019-10-25 GoDaddy
    blog-city.com 30,500 USD 2019-10-17 GoDaddy

    if the above name cant fit on "shoot the moon" then I must say he should remove this sales as it may be fake.

    there is nothing wrong here for asking price at what you want to sell
     
  13. Ategy

    Ategy NameCult.com Gold Account VIP

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    Everybody needs to remember that this is all a numbers game.

    Rule #1 = When you combine all your sales vs all your costs, at the end of the year you need to be profitable.

    Beyond that, a lot depends on the specific domains and your style.


    With bigger portfolios you will definitely get more sales with lower prices .. guaranteed. But will those sales combine for more than the one "moonshot"? My guess is that some years yes .. and some years no!


    The good/bad thing with Rob's perspective is that it's not the same scale as us. He views volume sales at the registrar level .. where indeed moonshots do happen. He's not BS'ing .. some people pay "astronomical" (beyond the moon) prices for questionable domains most wouldn't even bother to handreg.

    But on the opposite side is that amount the moonshots .. are countless tens/hundreds of thousands ++ domains that don't get sold.

    Epik might indeed see 1-2 $100k+ sales a month .. but if you pro-rate that to domainers with 100-1000 domains, it could take a decade or more before ever seeing one.


    I think the best thing you can do is tier your portfolio .. do moonshots only with your top tier .. for the rest be reasonable and make sure you end the year with profit!
     
  14. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    the advice of somebody who lives domain name sales data
    day in and day out

    should be taken seriously

    the advice of 3rd parties
    not backed by any data
    other than
    "I've done it frequently"

    well .. you guess it

    and listen:
    who of these 2 guys is selling stuff to you?
     
  15. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Nobody shot the moon there, they were expired auctions purchased for back link profile, no one sold them by shooting the moon.
     
  16. Furquah

    Furquah Skipper Epik.com Staff VIP

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    I know they were expired name but its show that people still give lots of money for the name like this then why not just try it our-self maybe not for whole portfolio but for the better one.
     
  17. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    When you list at Afternic for instance, your names (well for com,net,org) will show in the registrar path at GoDaddy.

    So anyone doing a search will see your name, with the price you picked.
     
  18. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    But it's not shooting the moon, those names would not have sold for that if you or I owned them, hell members here will tell you they won't buy from another domainer but will pay GoDaddy or NameJet on an expired auction. Two different methods.
     
  19. topdom

    topdom Established Member

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    Let Epik do negotiation on your behalf when an offer comes. Then it may work. Shooting the Moon is usually not possible because we are usually dealing with flippers, and don't know it.

    Domainers sell to flippers, flippers sell to endusers. When endusers don't pay, flippers don't pay either and you may be surprised why a very low 200 USD was not paid for this great domain when there is 5 figure potential.
     
    Last edited: Nov 18, 2019
  20. biggie

    biggie Top Member VIP ★★★★★★★★★★

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    Hi

    it's good to shoot for the moon

    if.... you have the type of domain names that will fuel the launch

    and sure, you can copy an email template, but you can't copy the names that got sold using it.

    so, if the name doesn't stand-up, then the campaign will fail.

    :)

    imo...
     
  21. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    in order to shoot to the moon
    you need a rocket and a space ship

    you don't want to use a wingsuit



    you need to know your buyer
    his needs
    why he will gain
    and how much
    when he/she/they will own that name

    you need to know the numbers better than them


    only then quote an accordingly high number

    and learn negotiation skills, first
     
    Last edited: Nov 18, 2019
  22. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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  23. Soofi

    Soofi Top Member PRO VIP ★★★★★★★★★★

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    This made my day @Michael :-D

    For most of you, if you shoot for the moon you’re going to end up missing and floating around in space until you suffocate.
     
    Last edited: Nov 18, 2019
  24. Recons.Com

    Recons.Com Top Member VIP

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    One guy won a lottery. He spent $100 and won 100 million! It is an amazing investment. Let's all go buy lottery tickets.

    The GD .US sale might have been due to the website that was on it. The dash one might be too. The numbered one? Possible. Check it. And why you thought commercialsearch is a mediocre name??
     
  25. NameDeck

    NameDeck Design. Develop. Deploy. VIP

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    One of the sanest articles on domaining I have read in ages. Thanks for sharing. Bookmarked for future reference!
     

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