strategy How to Find Potential End Users?

[shilmy]

Hi,

Do any of you has regularly sell your domain to end users? If so, do you mind share with me in this thread on how find potential end users for your domain?

Regards,
Sjarief

 

[noonoo1]

so you're getting at it now :lol: interesting, go get some more :D
congrats & good luck!!

I just acquired Leh,net (geo)

Good luck on that one.:great:

One of my big names i want to sell to an end user is Allah.mobi

Its a tricky name to find an end user but i will keep plugging it.

 

[Soofi]

Good luck on that one.:great:

One of my big names i want to sell to an end user is Allah.mobi

Its a tricky name to find an end user but i will keep plugging it.

That's a nice muslim name, but you'll have to really try hard and work on it to get decent price IMO
good luck as well..

 

[tollund]

I'm curious, when you guys get an interested buyer who offers to pay your asking price and wants to know how to proceed, do you:

1) Request payment first them let them know the domain will be transferred when payment is recieved, or;

2) Transfer the domain to them first, letting them know they owe you the money and wait for it to be paid?

I need to formulate a standard response to a couple of offers I have received.

 

[ddesigns]

I'm curious, when you guys get an interested buyer who offers to pay your asking price and wants to know how to proceed, do you:

1) Request payment first them let them know the domain will be transferred when payment is recieved, or;

2) Transfer the domain to them first, letting them know they owe you the money and wait for it to be paid?

I need to formulate a standard response to a couple of offers I have received.

First money then domain... Simple as that (I Practice that and non of the buyer has disagreed on this)

Best of luck...

 

[maxtorz]

First money then domain... Simple as that (I Practice that and non of the buyer has disagreed on this)

Best of luck...

I agree.
I usually tell the end user that I am paypal verified and that route is secure for both parties.
If they still question and make a fuss then I reply with references from other domains I sold to other end users in the past.
There was 1 domain we went with escrow because of the high amount(1500)
Other then that paypal has always worked for me.

 

[Fork]

When dealing with end-users for sales <$1k, I always offer to transfer the domain to them before receiving payment because I am usually the one approaching them to purchase the name instead of the other way around. With a few dozen sales, I've never had any issues. A few of those sales probably never would have gone through if I asked for payment up front. JoshuaPz practices the same method with the similar results.

Anything over $1k and I'd probably go through Escrow.com or something similar.

 

[noonoo1]

That's a nice muslim name, but you'll have to really try hard and work on it to get decent price IMO
good luck as well..

There is some interest in this name.

My .mobi guy agreed to $300, just waiting for payment to go through.

 

[Soofi]

There is some interest in this name.

My .mobi guy agreed to $300, just waiting for payment to go through.

so you on with the sale of allah.mobi now?

 

[noonoo1]

so you on with the sale of allah.mobi now?

I have a broker working on that one and i'm going to offer it to allah(dot)c o m

god(dot) m o b i sold for $14.5 k

Allah is such a great name, this is a lifetime holding name to be honest, once this name is sold i doubt it will ever come up for sale again.

 

[Soofi]

I have a broker working on that one and i'm going to offer it to allah(dot)c o m

god(dot) m o b i sold for $14.5 k

Allah is such a great name, this is a lifetime holding name to be honest, once this name is sold i doubt it will ever come up for sale again.

good luck wit that as well.. I've been receiving funny end-user responses for my efforts these days :lol:

 

[Zalaki]

I feel so left out.. I don't think I have ever been able to score and end user sale

 

[Soofi]

I feel so left out.. I don't think I have ever been able to score and end user sale

Zalaki, pickup a keyword domain name (.com or .net preferably) from your list and shoot some end user mails to see if you can score one

It aint that big a math problem I tell you bud!

 

[Zalaki]

I just did send out a few lol, figured since sedo hasn't worked for me and no do the forums anymore. I haven't made a sale in a month or two and I am flat broke. I almost want to hire someone to sell the domains for me and just split the profits with them LOL

 

[Soofi]

me after 4 days:
"Doug,

Have you gave the offer any thinking?
I would be willing to sell HotItem.net for $200 to you rather then sending it to auction.
I am trying to liquidate my portfolio of domains.
I can assist you with the domain transfer too.

Thanks.
Let me know.
Alex "

Used your lil' script to inquire about an interested party who wasnt budging from his initial offer.
Let's hope we get a positive response on it.. fingers crossed!

---------- Post added at 05:48 PM ---------- Previous post was at 05:39 PM ----------

I just did send out a few lol, figured since sedo hasn't worked for me and no do the forums anymore. I haven't made a sale in a month or two and I am flat broke. I almost want to hire someone to sell the domains for me and just split the profits with them LOL

lol o yes, hit me up with the finer version of your list and lets see what you got :D

 

[Zalaki]

No joke, link to my domains is in my sig @ sedo.

If you think you can sell any/all I will split profits with you. lol

 

[Soofi]

maxtorz, your response didnt work but he I got a sale which made me about 350% profit on the sale. Will publish name which I picked up from RJ's thread recently & price sold for once payment has been confirmed :D

 

[maxtorz]

Just sold a few days back eletric/bill in the net extension for $150, USING identical replies.
I pitched $395, he didn't reply, then i re engaged and he agreed to $150.
TODAY I got another reply from another prospect enduser(dind;t reply my $395 offer for 1 week/I re engaged) he offered me $250, but I have already sold it.
Either way it was a 5.99 reg fee domain registered 6 or so months back ago.

 

[Soofi]

Just sold a few days back eletric/bill in the net extension for $150, USING identical replies.
I pitched $395, he didn't reply, then i re engaged and he agreed to $150.
TODAY I got another reply from another prospect enduser (didn't reply my $395 offer for 1 week/I re engaged) he offered me $250, but I have already sold it.
Either way it was a 5.99 reg fee domain registered 6 or so months back ago.

sounds like decent ROI everywhere.. I sold CheapFlutes.com (picked up from RJ's list for $39, transferred to godaddy for $8 = total investment $47 & sold to an end-user for $150 (he didnt budge for his initial offer)

 

[anon22339]

I sold CheapFlutes.com (picked up from RJ's list for $39, transferred to godaddy for $8 = total investment $47 & sold to an end-user for $150 (he didnt budge for his initial offer)

Congrats!

Don't forget to include in your ROI calculation the opportunity cost of your time spent pursuing all prospects for that particular domain. For example, in my consulting business (unrelated to domaining) I charge anywhere from $150 to $250 per hour depending on the level of expertise I am providing to my clients. In my ROI calculations for domaining, I include the cost of my time in pursuing end users because there's a real opportunity cost there (i.e., I could be billing clients instead of domaining). To leave out the cost of your time is to be remiss. It's a real cost we should not ignore (ask any economics professor).

So, if you bill out at, say, $50 per hour in your normal line of work and you gained ownership of CheapFlutes.com for $47 and it took you three hours of your time ($150) to find suitable prospects, reach out to those prospects via emails, and then convert this one sale for $150, your ROI is actually negative. You may have been better off waiting for a better offer from a different end user or simply avoiding the purchase of that particular domain name in the first place because it never would have attracted a sale price that could adequately compensate you for your time spent trying to sell it.

Also, being a finance guy (I'm a CFA), I've seen a ton of people in all walks of life miscalculate their ROI%. Be sure to use this formula to get it right:

ROI% = 100 x [(Sale Price / Total Cost of Sales) - 1]

So, from my example above:

Sale Price = $150.00
Total Cost of Sales = $47.00 acquisition costs + $150.00 time selling = $197.00

ROI% = 100 x [($150 / $197) - 1] = -23.86%.

If this example is anywhere near your total cost of sales, selling for $150 was not a good deal for you. It was a great deal for the buyer though because he didn't even have to cover your costs of acquiring the domain name here on NamePros, making him aware the domain name existed, was for sale, negotiating the sale to a close, and transferring the domain to him.

 

[Domainace]

You discuss something that so many people forget, the value of their time. On the other hand, you can't know anyone circumstances, especially since noonoo is based in India, where $150 buys a heck of a lot more that in the US where you are.

I agree that people need to value their time, but consider this.

Say I value my time at $100 for whatever it is I do. I would want $100 for an hour's work, of course, but the question is "Am I busy?" If at that moment, I don't have any other work waiting, why shouldn't I work for $50 instead of $100? How about $15, if I felt like it?

I hear many people saying "My time is worth too much to waste doing this for X amount of money." I find that a bit bogus unless they have absolutely no free time, and that $50 hour really is detracting from a possible $100 hour. But that is most often not the case.

This is like the old line: "If Bill Gates saw $20 dropped in the street, it wouldn't be worth his time to pick it up."

But, you know what? I'd bet $1000 that Bill Gates would pick up $20, or even $1, if he saw it in front of him in the street.

Money is money.

Congrats!

Don't forget to include in your ROI calculation the opportunity cost of your time spent pursuing all prospects for that particular domain. For example, in my consulting business (unrelated to domaining) I charge anywhere from $150 to $250 per hour depending on the level of expertise I am providing to my clients. In my ROI calculations for domaining, I include the cost of my time in pursuing end users because there's a real opportunity cost there (i.e., I could be billing clients instead of domaining). To leave out the cost of your time is to be remiss. It's a real cost we should not ignore (ask any economics professor).

So, if you bill out at, say, $50 per hour in your normal line of work and you gained ownership of CheapFlutes.com for $47 and it took you three hours of your time ($150) to find suitable prospects, reach out to those prospects via emails, and then convert this one sale for $150, your ROI is actually negative. You may have been better off waiting for a better offer from a different end user or simply avoiding the purchase of that particular domain name in the first place because it never would have attracted a sale price that could adequately compensate you for your time spent trying to sell it.

Also, being a finance guy (I'm a CFA), I've seen a ton of people in all walks of life miscalculate their ROI%. Be sure to use this formula to get it right:

ROI% = 100 x [(Sale Price / Total Cost of Sales) - 1]

So, from my example above:

Sale Price = $150.00
Total Cost of Sales = $47.00 acquisition costs + $150.00 time selling = $197.00

ROI% = 100 x [($150 / $197) - 1] = -23.86%.

If this example is anywhere near your total cost of sales, selling for $150 was not a good deal for you. It was a great deal for the buyer though because he didn't even have to cover your costs of acquiring the domain name here on NamePros, making him aware the domain name existed, was for sale, negotiating the sale to a close, and transferring the domain to him.