NameSilo

Every domainer overestimates their domain value?

Labeled as poll in General Domain Discussion, started by abstractdomainer, Jul 12, 2020

Replies:
12
Views:
696

?

Every domainer overestimates their domain value?

  1. Yes

    4 votes
    15.4%
  2. No

    9 votes
    34.6%
  3. Some of them do! Not all

    13 votes
    50.0%
Total: 26 vote(s)
  1. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Do you think every domain name investor kind of over-estimates the value of their domain names?
    I know I do, a number of times.

    I also see that when someone puts up a post on buying a domain in say, $500 range in places like facebook, people comment with all types of names that won't be worth even $10, a lot of times.

    Makes me think that it is natural to be biassed towards what you own, and overestimate the value of the domain name. What do you say?
     
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  2. koolishman

    koolishman Upgraded Member Blue Account

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    Most of them do. Newbies especially.

    Masters here in NP, know how to moderate their expectations and price it rightly for sale.

    Or hold for long if you have a thick wallet and lots of patience.
     
  3. Samer

    Samer Restricted (Chatroom)

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    Yup, market for many domains’ humbling

    i dont know about “Every”?

    Sentimental attachment;..

    “Offer“ less sale, unless, million dollar domain,

    makes difference; “BIN or offer” What you like

    Samer
     
    Last edited: Jul 12, 2020
  4. Jimmysun

    Jimmysun Established Member

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    I vote Yes, I do think so if you are daily domainer as full time job you probably want to be more realistic like say stick to buy .com, or .co aiming those individuals who can't afford .com offering them 1/20 price or .io for technology start-ups, follow the temple. The best Go chess player in Korea he only pursue 51% victory instead of overwhelming.
    In any markets there is a rule always the same is the balance, if $$$$$ is what you want and $$ is what end user want then you will never got the deal unless buyer is moron(unlikely).

    but sometime there are many different factors and purposes behind:
    1. Many domainers buy bunch of names but only pursue 1-3 gems big sales, out of gems they are just curating for comparison like multiple kinds Nike shoes on store shelve.
    2. They chose build their reputation such like domain king that he couldn't sell domains for $$$$ publicly that will lead his rep go downward.
    3. Long term investment as site job, in some specific extensions that haven't been matured it doesn't matter wether you offering $200 or $200000.
    4. You're rich, making small profits is wasting time for you, at the meantime you can spend more time generating incomes from other aspect.
    5. You don't know what you are doing.
    I think most of time short term investment and flipping every day pretty much has the same result as long terms in interests. sometimes moving around not better than just have patience waiting, but has smaller risk trading in short terms.( if u r nit genius in math or visions).
     
    Last edited: Jul 12, 2020
  5. Jimmysun

    Jimmysun Established Member

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    6. You are fooled by registrars, they are evils and monsters although they look play nicely.
     
    Last edited: Jul 12, 2020
  6. karmaco

    karmaco Top Contributor VIP

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    Its all very subjective. The domainer mindset is always sell high buy low so of course they think other people’s domains are overpriced while somehow not realizing they often do the same thing.

    Only thing you need to figure out (besides what is a good name is) is what is your bottom line, are you a flipper or is end user your goal. You can obviously do both but most seem to fall into one category or the other.
     
  7. koolishman

    koolishman Upgraded Member Blue Account

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    With huge portfolios, flipping will keep cash rolling.

    Small portfolio owners can consider holding for long. But quality of names matter.

    But holding capacity of domain owners matter.
     
    Last edited: Jul 12, 2020
  8. lock

    lock DomainUsed.com VIP

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    And without these people we would all be selling our names for $20.
     
  9. abstractdomainer

    abstractdomainer Upgraded Member Gold Account

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    Exactly! Newbies specially price their domains based on Godaddy appraisals!

    But in that case, it also matters that you have a cash flow! So that when the end user comes, you know how to negotiate!

    Exactly! Holding capacity is the real thing!
     
  10. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    nope

    I see a lot of domainers selling domains for hundred or 2 hundred dollars that could easily go for 1500
     
  11. pb

    pb Established Member ★★★★★★★★★★

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    No, but I've had many wannabe buyers that grossly underestimate the value of my domains.
     
  12. Bob Hawkes

    Bob Hawkes Top Member NameTalent VIP Gold Account Trusted Blogger

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    I think domainers do tend to over-estimate and see their own names as stronger than how others would see them, but I don't think it is true for all domains and domainers.

    Because of this tendency, one suggestion I heard somewhere (Friday social maybe?) was to work with someone else and you suggest prices for their domains and they do the same for you. I think it is an interesting idea, but I have not tried it.

    Bob
     
  13. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    It is not just with domains. There is a principal in psychology called the "Endowment Effect".

    https://en.wikipedia.org/wiki/Endowment_effect

    People just tend to naturally overvalue things they own. Sooner or later though you will have to capitulate to market value if you want to make steady sales.

    Brad
     
    Last edited: Jul 13, 2020

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