tips Five myths about domaining that prevent you from selling more names

[infosec3]

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.

 

[AGermanGuy]

So you are saying there are still good names that have dropped a long time ago and havent been regged again? Hmm... maybe I need to check the dropped domains on expireddomains.net more intensive.

 

[GoKaizen]

Hand reg?

Why is point 5 wrong? I register all my dot coms from expired lists and get sales and parking revenue.

 

[Jurgen Wolf]

I saw only 2 types of so-called "promotion":
SPAM
MLS (no problems here, if you are ready to sponsor Sedo, Afternic etc. throwing 20%).

 

[james haw]

Not good post. So many errors. Point 2 - wrong. Point 5 wrong.

^ Not a useful post. So little information or explanation. Point 1 wrong, Point 2 wrong.

kthks

 

[Rjdomain]

you better do due dilligence

chips:
http://domainpayout.com/4lcom/4lcomchips.php

nonchips
http://domainpayout.com/4lcom/4lcomnonchips.php

Even the CHIPS are selling at base price of $300-325 until pronunceable..
Non CHIPs have more or less the same...even more because it has the vowels a,e,i,o,u...

take for example xjqk.com which is a CHIP

& on other hand take a Non CHIP
suvi.com or ixgy.com...

now compare it...and see the things from a end user perspective...

There was a CHIP bubble..now no more.....àbsurd & ridiculous

 

[Rjdomain]

yes looks like you are right...
sorry to confuse you

those chinese don't know what they are doing lately !

Looks Sarcastic.....but thanks

 

[elevator]

Nice post, Yes valuable domains are valuable but I disagreed to an extent with point one about the domain age. Domain age gives more values as it gives more room for appreciation and maturity - trust in business. If hotels or hotel.com are to be sold today, their price can not be as it was bought when it was sold.

 

[aramyus]

Domain age gives more values as it gives more room for appreciation and maturity - trust in business

What cutoff age would you take ? 5 years ? 10 years ?

As I said earlier, I view more age as an indicator for further investigation. But it may also give some reinsurrance to the domain buyer.

 

[james haw]

when valuable domain has more age on its side, such will be more valuable than when first regged it. Like it or not that is absolute fact.

So "hotels.com" is worth more as an 8 year old domain name than it is as a 2 year old domain name? (With all other things being equal - total hotel businesses, internet age, etc etc)

 

[rafaelo0]

very good information. I have a question where is the best places to promote your listing's. I have been promoting here on namepros and domainsate but i dont fell like my auction at flippa for cher.io and ggw.io are getting to much attention and i do know that the domains are worth good money. not because they have high appraisal but for other reason's has well.

so can some one give me good tips on where to promote my cher.io and ggw.io auctions??

 

[domeen]

Not good post. So many errors. Point 2 - wrong. Point 5 wrong.

 

[baseballworld]

Hand reg?

Yup godaddy discount club.

 

[MR Harrist]

myth no 4, name that make no sense sell! it's true, if you don't believe me, just check 4.cn! I am sure you'll find a lot of domain that make no sense!

 

[fliplogic]

Lovely post, I'm basically new to domaining and I'm picking up the hard knocks.

 

[SBS66]

We are talking of valuable domains, the scraps will ever remains scraps but when valuable domain has more age on its side, such will be more valuable than when first regged it. Like it or not that is absolute fact.

If others are disputing a fact, it is only absolute fact to you.

From what I've read here, age seems to be important only to domainers. End-users might care only to the extent that a seller thinks the age of the domain warrants some type of premium and thus makes negotiations tougher.

 

[TerryJohnson]

#2 so true, if you get a deal with a little bit lower price of you selling price, go for it, you never know if you'll get another deal.

 

[RU]

#2 is my favor

 

[biggie]

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.

Hi

Good names sell by themselves, no need to promote them

i believe that to be true, more so than it is a false assumption

many good names have intrinsic value beyond the respective category, where they may fit.

if they get traffic and produce revenue, then they may not sell as fast as other quality names that don't get traffic....simply because their owners aren't willing to part with them, for the "multiples'" being offered.

but yeah, promoting anything, whether it's "do-do in a can or sparkled hula hoops", can increase likelihood of a sale.



imo.....

 

[Chris Wright]

Good post!

So what do YOU think is the biggest myth in domaining?