Have you ever sold for a Loss??

[Markith]

Recently bought a domain from a guy who I know took a $200 loss on it.

Has anyone taken a loss on a sale?? If so whats your biggest??

I am just curious, I haven't been selling for very long but have been fortunate enough never to take a hit.

 

[Broker]

Never sold for a loss but have a few names I'll be dropping because their garbage names from my first few months domaining. All domains I have sold were for a profit, I love this domaining stuff

 

[DomainLobe]

I agree with Rob.
Either drop or hold and sell for a profit especially if TIME if your most important commodity.

 

[Spade]

I sold for a loss once. I had purchased a domain name that had traffic, but not much, I overpaid just a bit to test it (TDNAM). Didnt pan out very well, so close to renewal time, I dumped it for what I could. I figured in this case I would take a smaller loss, as oppose to a total loss.

Also, consider situations. Ive never been in a situation where Im forced to take a loss on a domain name. I am financially stable enough where I dont have to. But, I could imagine someone needing to take a loss if the money was tight and needed.

Justin

 

[mirrorcube]

Anytime you buy a name and drop it, you essentially have sold it for nothing. So basically every domainer has sold at a loss.

 

[Broker]

Anytime you buy a name and drop it, you essentially have sold it for nothing. So basically every domainer has sold at a loss.

Wrong............... that would be buying it for nothing :bah: :lol: :p

 

[rocknrollo]

I recently sold a .cn.com name for a loss. there was a $40 renual I just did not want to pay. Sold it for $30 was into it for $80 two years of reg fees.Lost $50

Also sold a .cc i paid $100 for for $8 lost $92

I have had about 100 names that I just let drop so $900 lost.

Oh well..........................Live and learn........................

 

[mirrorcube]

Say you potato, I say pataddo, its a loss either way. :lol:

Wrong............... that would be buying it for nothing :bah: :lol: :p

 

[Michelle]

Sometimes I buy packages with some names I dont really want and sell them off really cheap or give them away but I dont see it as a loss as such.

Apart from the normal newbe cr*p that I first bought, I tend to renew now until I get a price I like

 

[RogueWriter]

Anytime you buy a name and drop it, you essentially have sold it for nothing. So basically every domainer has sold at a loss.

I prefer to refer to it as a learning experience.

Hey, have you SEEN the cost of college courses??! :hehe:

 

[$1.00]

Something can be only sold and bought back and forth so many times, eventually someone is going to take a loss.

 

[AussieDomainer]

Yeah, I've let a few drop and sold a few off cheap before they expired as I didn't want to renew them. These were all mainly my domains that I bought when I first started out so all in all it wasn't too much to lose to get a good learning experience.

 

[VURG]

If you see how many domains drop each day, you can see that losses with domains are common.

 

[buckshotdots]

Mostly when I was newer to domaining and I was buying high PR's then I found out they can loose their PR very quickly. Live and learn....

I lost 40K last month in the stock market so what can you do?

gary-

 

[owntype]

I sold 100+ LLL.mobi as a package for around $14,000 months ago, and considering its current resell value, I got a big loss

 

[Makis.TV]

i sold less than i paid for a tv premium,
sedo made have a low reserve and
somebody took the chance.

I learned from that so i didnt actually loose.

 

[cache]

before I can sell any domain, I consider I have paper loss. After the domains are
sold or dropped then the paper loss or gain are for real. However since the domain
names are so un-liquid, I consider every purchase is a loss until they are sold.

 

[SharonTucci]

I sold one domain at a loss - the same reason I've sold several others for less than I COULD have gotten if I waited. Same reason each time - I had too many domainers lowballing me offers. I always weigh in my time when considering the cost of keeping a domain since it IS worth money.

Example: I acquired qeck.com on backorder not long ago. In just a couple of weeks, I had received 18 emails offering lowball offers of 50-100. I took a risk and put it on auction @ Sedo with no reserve and it ended up selling for $110. I know if I waited a bit longer, I'd likely have gotten a better offer. But spending 1-2 hrs a week on inquiries for one domain wasn't worth it for me.

I've also bought traffic domains where the traffic died or slowed down and I sold those for less than I paid. But I've been fortunate enough to have come out ahead when factoring in parking revenue while I had it.

 

[gingeman]

Depends on the perspective you take. If I have to free up funds urgently for a bargain purchase, I don't mind selling off names for a small loss or what I paid for them etc, as I know it is countered against the profit I will make on the name I am buying.

Also, many times I have sold early, or flipped a domain, whcih I could have got much more for if I held out, but often this is the way to keep moving up in this industry. I've also dropped a fair few, but I wouldn't count that as a loss, more just part of the way it works.

Like Sharon as well, I have bought many traffic names which I have sold for the same or less than I paid when the traffic has died, but they've always made me a good profit when factoring in the ppc revenue I received.

In summary, I think swallowing small losses is often a necessity and you need to put it in the context of your overall business plan.

 

[Jammer]

LOL...all the time.....not big losses,but losses just the same.