discuss How do you justify OneFor.com for $10,000

[abstractdomainer]

How do you justify such a price?
The term doesn't make sense to me at all. It looks like an incomplete term to me.
Is there any other attribute that I am missing for this name, that it sold for such a price?

 

[koolishman]

reminds somehow to the domain name industry.

EXACTLY. One person's trash is another person's gem. The buyer sees value in it.

 

[kandyan]

OneFor.com $10,000 – One For is a payments service for people in the EU to make remittances to people back home


https://domainnamewire.com/2020/10/06/these-three-numbers-suddenly-mean-something/

 

[King]

Here's your answer https://www.onefor.com/

It's their brand name "I'm sending you one hundred dollars for the mattress."

 

[hn]

There is no right or wrong price in domaining. Like I keep saying -

Value of a domain = what someone is willing to pay for it!!!

If I feel domain is worth a thousand dollars and if there is someone willing to pay for it... there is a deal! Its like any other commodity or product out there. Its what value it brings to the other person which is important. Till a deal is not done, value of domain is always ZERO (I had created a post regarding this) how till a domain sells for a good price, the returns other investments bring are much higher than via domains!

 

[LUP]

It's the owner's #1 right to set (and sell for) any price without any justification, there is nothing to justify for the seller (owner) - no matter what domain name it is.

In fact it's always the buyer who justified the price for himself before he decided to buy.

This is both seller's luck + buyer's limited knowledge
and it all happened

sales like this I think we just ignore, there is nothing to be taken to learn

 

[karmaco]

First, I don't think the domain sold and second I don't think my response was about the domain.

You basically quoted @NickB and told him he was wrong.

Show attachment 169350

Post stats show he made a pretty decent point

Show attachment 169351


That is all I am saying, nothing else implied other than the fact that maybe you are the one who is wrong in this case instead of NickB.

Judging by the member response to his post it would indicate this to be the case.

Anyways, not looking to come down on you or anything but to me it did not look like you were discussing the domain in the opening post.


As far as the domain onefor.com goes, it was put up for sale for an amount the OP thought was too high. If you look at the highest sales in history they all started with someone asking a higher amount than what some people thought was plausible.

Exactly. It sold for the amount and there is nothing to justify.

 

[branding]

The buyer is nd group. Private equity and holding firm based in Holland, nd.net.

 

[DOMAIN ILLUMINATI]

My thought to the domain name itself is that "one for" ("1 for") can easily be heard as "one four" ("1" "4") and I don't want to comment this circumstance further.

 

[DOMAIN ILLUMINATI]

(...) Till a deal is not done, value of domain is always ZERO (...)

Many people tend to think this way - but the truth is that as long as a domain name exists, it has (some (specific)) value.

(...) the returns other investments bring are much higher than via domains!

If you register a domain name for let's say $ 10.00 USD and sell it for let's say just $ 1,000.00 USD then you have a 100 (99) times the return - a multiplication that is not easy to reach with other investments (exceptions not counted).

 

[hn]

Many people tend to think this way - but the truth is that as long as a domain name exists, it has (some (specific)) value.

Yes as the person registering the domain sees some value, they register the domain. But till a point it is sold it always has ZERO value according to me because if you go out to sell a domain, its not some kind of asset where we can have some fixed base value. If you have say commodity or stocks, there is always a past company performance and market where you can view current rates and definitely sell at that price. So I consider domains as non-liquid assets. Say if you hold stocks (traded company shares) or commodities like gold then you can easily sell at a quoted price in the market on that date.

If you register a domain name for let's say $ 10.00 USD and sell it for let's say just $ 1,000.00 USD then you have a 100 (99) times the return - a multiplication that is not easy to reach with other investments (exceptions not counted).

Yes true. Value depends on what you get. Like you say as there are no fixed set of quotes, based on market perception of the domain you can expect anything for a domain and if someone purchases the domain then the returns are quite high! Its more like a lottery where you can either keep the domain and add to your costs renewing each year and not getting sold, or you register and its immediately sold at a high price.

My only point with domaining has been that we cant say for sure what the domain gets us. If there is say a 3rd party rating company which can rate domains like a stock exchange or commodity exchange that the value of this domain today is appx $X so if a user has that domain listed on that exchange if he wants to exit he can get that price guaranteed on that date!. That would be a game changer to domaining as an investment.

 

[DOMAIN ILLUMINATI]

Yes as the person registering the domain sees some value, they register the domain. But till a point it is sold it always has ZERO value according to me because if you go out to sell a domain, its not some kind of asset where we can have some fixed base value. If you have say commodity or stocks, there is always a past company performance and market where you can view current rates and definitely sell at that price. So I consider domains as non-liquid assets. Say if you hold stocks (traded company shares) or commodities like gold then you can easily sell at a quoted price in the market on that date.

Sure, domain names are non-liquid assets, that's safe - but this doesn't make them worthless for the time they're unsold since it's simply their potential for a sale that gives them (relative) value and this is the reason why so many domain names exist.

Yes true. Value depends on what you get. Like you say as there are no fixed set of quotes, based on market perception of the domain you can expect anything for a domain and if someone purchases the domain then the returns are quite high! Its more like a lottery where you can either keep the domain and add to your costs renewing each year and not getting sold, or you register and its immediately sold at a high price.

My only point with domaining has been that we cant say for sure what the domain gets us. If there is say a 3rd party rating company which can rate domains like a stock exchange or commodity exchange that the value of this domain today is appx $X so if a user has that domain listed on that exchange if he wants to exit he can get that price guaranteed on that date!. That would be a game changer to domaining as an investment.

I fully undertand your points - domaining would not be the same anymore.
However, also so called "liquid" assets dosn't have an absolute guarantee to get immediately sold at any time if you don't undersell them / offer them for the best (most competitive) price.

Under certain aspects, the distance between domaining and gambling (which, by the way, I never did) is indeed not a far one.
Nevertheless it is not really compareable because in gambling you can lose everything while in domaining you still have the domain name if not sold - means you still own the potential (depends on the quality) to make a sale (as said above).

As long as one is convinced (based on certain reasons) that this potential is higher than the renewal costs, he won't drop it.