NameSilo

Everybody wants premium names but check the budgets in domains wanted

Located in NamePros Community Help, started by biggie, Jun 2, 2015

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  1. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

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    The point I was trying to make is that plenty of the Domains posted here for sale are already listed outside this forum at a auction. Especially the ones that say "96 hours ALB"
    I understand ROI oh to well, with that mentioned I have to point out that the buyer of your Domain that sold at x,xxx was a novice/newb...
    1, purchasing at public auction at full price
    2, coming HERE to sell it.
    3, expect a ROI
    Congrats on your sale b.t.w.

    Last year out of all that I sold "1" was sold to someone here at NP who I purchased several from as a courtesy and way of saying thank you.

    I only do p2p or b2b, my Domains are listed nowhere. ;)
     
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  2. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Thanks for the congrats

    but.... how do you conclude that buyer of my domain was a novice or newbie

    when you don't know the domain, if it had traffic, how long i had it, any specifics about it or who the buyer was?
     
  3. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

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    You described the domain.
    You gave the sale price.
    You mentioned he came here to "Resell" the domain.
    = Novice on the buyers behalf.
     
  4. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    i think you misread my post

    that name was posted here for sale by me and i got $200 offer, but passed on that bid.
    i sold it on sedo 2 days ago.
     
  5. SirDrago

    SirDrago NAME JEDI VIP ★★★★★★★★★★

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    I did misread your post, apologies. I sometimes forget the "Pass" after the puff puff.
     
  6. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    :)
     
  7. equity78

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

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    One of the funniest threads I remember and this goes back years, it actually had me stop going to Domains Wanted for years, member lists a thread and his request, and you how sometimes people give examples, I am looking for Color + Object, like RedDog or PurpleCat.

    Well I had one of the exact names in .com that he used as an example, I think cool here is a sale, I am going to offer it lower than his max budget, no problem.

    The guy never replied to my pm but posted in the thread " still haven't found anything" That was the day I was like this is Comedy Central, I sent the exact name he mentioned. Classic comedy.
     
  8. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    bout a year and a half has passed since last post


    see any changes with the budgets?
     
  9. Asfas1000

    Asfas1000 Top Contributor VIP

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    Yes, they are smaller now :xf.grin:
     
  10. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    The budgets I don't know, but are transactions still taking place ?
     
  11. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    within the last six months or so, i've submitted names to a few requests and the reply ratio was about 2 out of every 10.

    and of those replies, most said they've either spent their budgets for the period, or they offer way less than their "posted budgets per name".

    (for me, the low number of submissions to domains wanted threads, is partly due to "the type of names requested" and the "budget for that request".
    it's been about a 16 months since i had a sale via submission to a dn wanted thread)

    i think that, with the present "flipper" mentality here, where no one wants to pay more than "minimum wholesale current reseller market value" ...
    means prices won't go up within and for that closed group, until individuals outside of that "mentality", start offering more on the purchasing end.

    meanwhile it will be harder for those who continue to submit the lowest offers, to acquire "investment grade" domain names in reseller venues.


    imo....
     
  12. Asfas1000

    Asfas1000 Top Contributor VIP

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    Response ratio comparable to outbound.....
     
  13. hamiltondomain

    hamiltondomain Established Member

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    The problem is 2 way... If you have a budget of say 10k, it does not mean you will pay 10k for something worth a few hundred.

    Also, people don't follow simple things like a request to include price... When I'm a buyer, asking for the price shouldn't be difficult but you would be amazed at how many fail to follow a basic request. Also, you get a load of hand reg that day, with a price, almost like magic, at your budget threshold!

    Oh... And you ask for .coms, but get sent .xyz .org etc
     
  14. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    Yes, you are right some people see the big budget, and think you are an easy target, or santa clause to just hand money out.

    Not the case, many times domain buys are dead money for many years. You really need to manage your buys. You have to make some money on the buy, for that the seller gets quick payment, and no commissions. It is a trade off at times.

    Other day someone offered me [email protected]@as.com for $1K? What am I supposed to do with that?
     
  15. Asfas1000

    Asfas1000 Top Contributor VIP

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    I agree....but on the flipside...

    1. Searching through hundreds of your domains to find the few that are according to the buyer's request, noing registrars and expiring dates, or whatever every buyer asks, takes time. Let's say just 5 minutes. Given one sells at NP less than 10% of the time (infact closer to 1% of the time), you practically spent 50 minutes to get 1 sale. And what is the seller's profit from this sale , with reseller pricing ?

    2. Buyers don't respect sellers' time (at least those sellers that submit domains according to specs) and don't even respond with a simple "No thanks" or "Too expensive". With zero feedback, legitimate sellers are less inclined to resubmit domains.
     
  16. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    just want to bump this up with a new observation in domains wanted section

    i've noticed lately, that some members are now saying that they will "report" you, if your submission isn't within their criteria

    and it looks like majority of those who have stated this, basically joined np within the last year or so

    don't have a problem with that, if the submissions are way off base,

    but does that "threat" of being reported on, inhibit you from replying?

    as for the budgets

    some have posted higher overall budgets, but the "per name budgets" have been stagnant.
    not seeing any real increases in that area, for any particular category

    so i gonna keep saying it... "if you want premium, you gotta pay for it"


    imo....
     
  17. zurc.net

    zurc.net Top Contributor VIP ★★★★★★★★★★

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    I am actually blocking people instead, reporting doesn't work when the "offenders" have to be reported several times for anything to actually happen.

    When you make a request thread and only 1 out of 100 PM's actually meets the criteria you are asking for... Guess you have to do something on your own if the administration won't, which is half understandable, but annoying at the same time.

    If I ask for two word .com's with a max $500 budget, I get four word .com's for $5000.... it's getting ridiculous. If you don't have what I am asking for or within my budget, don't contact me. It's that simple, but many people just use any WTB thread as a target to spam them with irrelevant, overpriced names...
     
  18. canswift

    canswift Top Contributor VIP Gold Account ★★★★★★★★★★

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    Interesting thread @biggie, and much along the lines I've been observing / thinking.

    Yes, the "I will report you for spamming" threats totally put me off replying, even though I am very measured with what I submit.

    The budgets seem totally out of whack with what is being asked for, and frequently from someone who just joined NP that very day!

    I get quite browned off seeing budgets presented as "$5000K", when in reality the OP is expecting to buy a large number of domains at maybe $50 each. This is usually not made clear at all.
     
  19. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    Everybody posting WTB in the WTB thread has my sympathies. The responses make the whole thread a complete and utter waste of time. With odds of finding a domain you want to buy being 1000's:1 It should be better policed. IMHO. But good luck with that. It's overwhelming for the mods as well. The whole thread should be thought out better. IMHO. Maybe you need a special code to access this forum, which gets revoked on breach of the rules (thinking aloud).
     
    Last edited: Jul 29, 2017
  20. NameOmnia

    NameOmnia alea iacta est VIP

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    If the sellers reply following the guidelines it should not. If sellers are unsure they can ask questions.


    TRUE THAT!!!! I have seen someone repeatedly wanting to buy common first English names for xxx; someone else wanting names only from people desperate for selling and another one offering you a whopping 1-2% of Estibot appraisal..LUCKY YOUU!!


    100% Agreed.

    IMO people who repeatedly send irrelevant names, post wtb without prices ( I report several per week and often it is the same buyers ) and generally speaking spam should be either banned or prevented from selling, buying, message etc for a long period of time.
     
  21. Haykay2005

    Haykay2005 Top Contributor VIP

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    A guy reported me for sending irrelevant names. I was banned initially but later won the case. He asked for a 2 word dictionary names and all I sent was two word dictionary. I invited the moderator to the Conservation to see the list I sent. So the moderator later realised I never violated the rule and apologised. I think my offence was fixing a premium price for my name. This is the guy that was boasting of having over $5k per name..i later realised he was looking for a $30 per premium name.. Lol
     
  22. Rory Ivey

    Rory Ivey Top Contributor VIP

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    like everyone else, I love getting a deal when buying a name. However, I do think people are using the wtb forum as a charity event. Sometimes people are the end-users, but only want to pay pennies. You don't have to pay end-user pricing, but be willing to sacrifice for your own brand. I used to try to buy xxx names or use a handreg for my own brand or enduse, but someone would always remind me that if i wanted to be taken seriously, then i need to invest in a good name and that is exactly what i did. So, you can't always be looking for super re-seller pricing.

    If you are buying to re-sell then re-seller pricing is expected. However,don't expect someone holding a mid 4 figure name to give it to you for xx. If you can make any measurable, profit on a name then that is reseller pricing. I saw names on here that i would have purchased for $700, but didn't have the funds handy. Not to my surprise.. those names sold for 4 figures+ One example was the name: Studio55.com, creativelabs etc..

    If someone is willing to give me a great deal at xxx or xx then great! but the section cannot be cheapened with this re-seller overkill tactic. I'm talking mostly about people who can afford more and know they can profit still. My point is, if you can profit on a name then that's re-seller pricing. Someone wanted to buy one of my top names for $100. Not to my surprise,i sold it for 10K. You're profit doesn't have to be 90% in orer to label an offer re-seller pricing. We can't just think because someone is asking more than $50 for their name, then that means you are not getting re-seller pricing.

    I think people are just not good at valuing names. Unless the market says a certain kind of name is worth $300 + like llll.com's, then people are lost. Lastly,I want everyone to keep getting deals when possible, like I would. I just don't want us to be spoiled to the point of living outside of reality, where we think every name there should be for peanuts. Otherwise, you will have people with the perfect name for your request, but they won't submit it and you will never know. Because what you are paying doesn't even cover the renewals the name has.
     
  23. Rory Ivey

    Rory Ivey Top Contributor VIP

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    We need to correct the definition of re-seller pricing, IMO.

    Re-seller pricing to me means, any reasonable profit that can be made after the purchase of a name. It does not only mean paying xx, for a xxxx+ name. If someone sells me a name for $250, $500, $750, and I know I can make 4 figures or more, then that's re-seller pricing to me. If I pay $1000,or $1,500 for a name that I am confident can go for $5000+ then for me, that is re-seller pricing. I won't complain if I can get a name for $15 or $35 but that is not the standard for re-seller pricing. That just simply means you got a heck of a deal. That means you found a seller with a kind heart, who is motivated to sell and isn't attached to their names. I have encountered a few of those kind souls. Be thankful, but don't use that as a standard in the wtb section. Be fair and know when you can make a profit. Otherwise all these new domainers will come thinking they have the right to buy your 16 year old solid two word .com name for $15.

    I watched a TV show, that showcased a few people who made a living selling the base of trees. That area that has those beautiful colors and natural designs when cut. They can go for 4 to 5 figures depending on size and quality. They make top class furniture. These guys would pay $1000 or $3000, to use someone's land, because they knew a few trees would get them $5000 +. They were fair and realistic. As long as you are getting the opportunity to make a good profit, you have a deal, you have re-seller pricing. Now this is more sturdy than domaining since the market has set the prices..or ranges. But we all come into domaining knowing the risk... Those names that don't cry liquid sell for way more than llll.com's. You just have to have an eye for choosing quality domains and smell when a name makes a great brand. You know when you are getting a deal or a profit.
     
  24. NameOmnia

    NameOmnia alea iacta est VIP

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    I fully agree.

    IMO both sellers and buyers make a great deal when for both there is a nice profit in the domain.

    I always sell leaving margin profit to the person who buys but do not except me to undersell or diminish my names just because you want to make 1.000.000 roi.

    That is not going to happen.
     
  25. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    had to "up" this thread, because.......


    while browsing dn wanted section, i noticed thread seeking 3L.com and 4L.com
    so i peeped in to check

    posted budget for this request is less than $3k per name

    with a total budget of less than $6k


    imo....
     

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