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Here are five myths that might become an obstacle for your domain selling business.
1. Domain age matters
The truth is that for the majority of end-users, the age of the domain is irrelevant. The real value of the domain is in the domain itself. If Hotels.com drops tomorrow and you happen to catch it, that does nothing to the value of the domain. It it still one of the most premium names you can find. But that applies to almost every other domain. Now, some end-users may prefer names with some history and links, but even in this case age may be irrelevant, since links are not lost overnight.
2. Don't leave money on the table
If you are selling a name that is worth only a few hundred dollars, the concept of leaving or not leaving money on the table is absurd. If someone offers you $600 for a name that you wanted to sell for $750, don't argue about it and take the offer. That might be the only offer you will ever receive for that name. This concept is only relevant when we are talking about premium names.
3. Good names sell by themselves, no need to promote them
False. That is not the case in business in general and certainly not the case for domains. The world is full with great products that no one buys. Although it is clear that certain valuable names might receive a higher number of offers, promoting them increases the likelihood of selling them exponentially.
4. Names that make no sense are selling, so my dusspssse.com has a chance
Whenever you see a weird name that sold, look closely and do some research and you will see there are generally good reasons why that name sold. In the worst case-scenario, this name was relevant to only one person out of the nearly 8 billion people in the world, so are you willing to wait for that single person to contact you while you keep renewing dusspssse.com?
5. All good names are taken
Not true. As I write this, there are countless names that dropped and are still sitting there that you could be able to flip for hundreds or even thousands. Sure, you might not find single-word popular English terms available for registration, but those are not the only money-makers you can find.
1. Domain age matters
The truth is that for the majority of end-users, the age of the domain is irrelevant. The real value of the domain is in the domain itself. If Hotels.com drops tomorrow and you happen to catch it, that does nothing to the value of the domain. It it still one of the most premium names you can find. But that applies to almost every other domain. Now, some end-users may prefer names with some history and links, but even in this case age may be irrelevant, since links are not lost overnight.
2. Don't leave money on the table
If you are selling a name that is worth only a few hundred dollars, the concept of leaving or not leaving money on the table is absurd. If someone offers you $600 for a name that you wanted to sell for $750, don't argue about it and take the offer. That might be the only offer you will ever receive for that name. This concept is only relevant when we are talking about premium names.
3. Good names sell by themselves, no need to promote them
False. That is not the case in business in general and certainly not the case for domains. The world is full with great products that no one buys. Although it is clear that certain valuable names might receive a higher number of offers, promoting them increases the likelihood of selling them exponentially.
4. Names that make no sense are selling, so my dusspssse.com has a chance
Whenever you see a weird name that sold, look closely and do some research and you will see there are generally good reasons why that name sold. In the worst case-scenario, this name was relevant to only one person out of the nearly 8 billion people in the world, so are you willing to wait for that single person to contact you while you keep renewing dusspssse.com?
5. All good names are taken
Not true. As I write this, there are countless names that dropped and are still sitting there that you could be able to flip for hundreds or even thousands. Sure, you might not find single-word popular English terms available for registration, but those are not the only money-makers you can find.
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