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How would you price FashionDesignerGuide.com?

Labeled as domain in Pre-Purchase Appraisals, started by Zarkoza, Oct 23, 2020

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  1. Zarkoza

    Zarkoza Established Member

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    Thanks I'll look into this DNAcademy thing. Perhaps if I decide to get the course It'll be my last purchase for a little while. Lol I might ultimately just watch the YouTube channel. Binge watch all the videos on there.
     
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  2. ecalc

    ecalc Top Contributor VIP ★★★★★★★★★★

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    If I woke up one day and found fashiondesignerguide.com in my portfolio, the first thing I’d do is turn auto renew off. Next, figure out how it got in the account. First stop, trash bin, find the bottle, delete that product from all online wish lists and shopping carts. Shower up, park the name, pray for ppc, set BIN price $1999. Eleven months later, when expiration notice rolls in, slap my face, delete email, swallow pride and start NP $1 no reserve auction.
     
  3. Zarkoza

    Zarkoza Established Member

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    Lol you’re funny [ not sarcasm ] thanks for the response.
     
  4. sputnik7

    sputnik7 Established Member

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    I am new in domaining, but it is not clear to me why comments above for such a domain are so negative.
    Namely, both fashion and designer and guide are very popular terms, and as a whole they get along great. So I don’t understand why someone who does some design-related platform in a context that fits that domain name wouldn’t set aside $ 2,000 for that name. Namely, I knew some Russians from a university in Vienna who would get $ 18 million from their father for their eighteenth birthday. So I see the possibility that some spoiled designer with a lot of money might buy that domain for $ 20,000. My opinion. Sometimes you need to be lucky in domaining. Aso, in my opinion, in 2-5 years, you will not be able to find such a domain below $ 2,000 theoretically. If You buy that domain for immediately resale purpose just then I could agree with the comments above.
     
  5. Zarkoza

    Zarkoza Established Member

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    Hi! Thanks for the response... Yeah, actually, I think I'll take a month to read through the forum a little more before I decide whether or not I want to continue here in this community. There are some comments that seem kind of backhanded or passive aggressive, and I'm not sure if exactly what they're telling me is sincere or not. I don't know if hat's the vibe I'd want to contiue trying to grow up in.

    While I have a whole year to sell some of my domains, I notice that I've started to feel a little discouraged as a result from some of the comments. Still trying to stay positive though. Lol The way you convey your thoughts is very important. People like Passini, BlogSpotter and Twiki seem pretty cool, down to earth and kind people so far. They stick out. Some of the others are nice as well, but then there are the ones that seem to just be taking the piss or not contributing anything of substance. I'd be careful taking anyones advice who comes off as smug, conceited, stuck up or any other words related. Just say thanks and move on. Lol

    I'm really not looking to get rich selling domains, but it would be cool make a little extra money, so a couple hundred for domains is a win for me.
     
    Last edited: Oct 23, 2020
  6. blogspotter

    blogspotter Top Contributor VIP ★★★★★★★★★★

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    You both think it that way because you are both new.
    Namepros is a very very welcoming and rather "nice" newbies compared to a lot of other professional forums. The forums rules are very strict and people are not outright rude, and you won't find many scammers trying to fleece newbies with ebooks and affiliate links.

    If you continue to read up, you will look back and thank everyone.
    Here are a few things you will learn in time.

    You will not get a good domain for 10-20 bucks. The industry is mature enough that thousands of people have passed on a domain if it is available for 10-20 bucks.

    Now there are exception to the rule, and you could find a gem in the haystack. Or you could be hand registering Cannabis or Crypto domains 5 years before they blew up... But other than that you will not find a domain to hand register.

    WHat you friend said about a Rich fashion blogger who comes by, can be applied to any domain. But then are you going to buy 1 domain and wait till a buyer comes.

    Check my profile page and I have posted all the important NP threads.
    There is one on Sell Through. Check that.

    Forget a newbie who doesn't yet know how to spot a potential winner for a bargain price.

    Even Seasoned domainers making money by selling in the range $2000-$20,000 premium domains, they have a sell through rate of 1%. Some have 2-3%, but for that domain quality need to be even better.

    Sell through rate of 1% means, when you buy 100 domains, you sell 1 in a year. So if you have only 1 "good" domain as a lottery, it might never sell. By that math, a domain like fashiondesignerguide-com will never sell. Never.
    That is why people have priced it at Zero.

    Back to the sell through, most people who make a living out of domaining have 1000-5000 domains in their portfolio, and most of them are domains that they buy for 100-1000 usd. You can say 200-300 average. 400-500 median. Now some of them will have $10 hand registered domains, but if you look at the sell throuh of only thier hand registered names, it will be even longer.

    Recently a veteran investor, Logan, sold NoMatterWhat.com sold for $22,999 .
    He bought is 2011 for about $300. he waited 9 years on a $300 domain name. You know what I am saying?

    People are not discouraging you. Idea is not to buy until you know what you are doing.

    Before you buy a domain, you need to think, would a company likely to use my domain name not just as a domain URL but a company Name as well?

    What kind of company would call itself FashionDesignerGuide?
    Say a blogger wants to start a affilliate site selling Fashion Designer's tools of the trade, or a directory site of fashion designers. WOuld he buy FashionDesignerGuide for $2000 from you find an alternative for $10, because FashionDesignerGuide doesn't sound like a good brand at all. Also a blogger is not like a company with deep pockets.

    SOme people make a living hand registering made up names, but that is not domaining. That is more a Naming Skill. A wordsmith who can create beautiful meaningful phrases. He is able to make money simply because of his creativity. You will find these people on Squadhelp, BrandBucket etc... But this is a very unique skill, and rely on intuition, and to some extent study of thousands of names that have previously been sold. Checkout out DNGeek.com But again, It is not domaining. Plus, you need 100 domains to sell 1. SO a pretty risky affair if you are not sure if you are a great wordsmith. SquadHelp allows you to submit Unregistered names. They will register it for you if they approve and will give you 25% of sales proceed.


    But most of the money is made when you have developed some intuition (from past sales data that is stored in your mind as patterns), reconfirmation of that data with DNJournal and NameBio, as well as other sources (maintain a excel sheet of names repoirted here on NP and Squad Help etc)

    The most important thing you need is: "How likely a particular name will be used a company name."

    Put the name on Open Corporates and Linkedin and see how many company uses that phrase
    Ccheck Dotdb to see how many extension are taken and developed (not parked)
    and so on.. And you need to use some data to determine if a name is worth taking the Punt.
    because at the end of the day, you will wait for the name to sell for 4 years on average.

    Your mistake and the person above's mistake you are trying to find reasons to buy a Domain. You are trying to find justification for why a domain name is worth buying. That is a sure way to lose money.

    You need to find reasons To NOT buy a domain. You need to try to convince yourself in as many ways as you can to not buy a name. And only when you run out of excuses, should you buy.

    Go to ExpiredDomains.net and in the aftermarket, Godaddy Auctions etc, sort the names by number of Bids and look at all the names with lots of Bids. And then think why people are paying so much money for some names....

    DO the math.
     
    Last edited: Oct 23, 2020
  7. sputnik7

    sputnik7 Established Member

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    I agree with you. Some of them act as if they are domain professors and as if there are some universal rules. There is also a factor of happiness and patience. In any case, in my opinion it's better to buy 20 "top" domains than 200 "good" ones, so we need to be patient when buying and selling. I try to learn here because I realized I bought a lot of crappy domains out of impatience at the beginning. So, from now on I intend to be patient as much as possible. It's not my core job and i wont to have fun with domaining but funny would be to make some profit as well.:) As soon as you ask the question about the domain name it means that you did not enter into domaining as an idiot. You take an interest and ask questions. I think we should spend a lot of time here and read everyone’s comments and then make personal ratings about them. Take everything with a grain of salt, but study. Take and share knowledge. Whatever the level of knowledge. I am aware of little knowledge, but also about a fact that I am a beginner.
    Good luck, spend time here and ignore those who are too smart.
    By the way, I also think that estibut is bullshit. Lol
     
  8. Zarkoza

    Zarkoza Established Member

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    Yes, I agree with you! I'll be sure to post updates of success if I make any! Haahah Good luck to you too man!
     
  9. Zarkoza

    Zarkoza Established Member

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    I think if I actually owned FashionDesignerGuide.com, maybe I'd actually sell it for way less than what Godaddy Appraised it at. Godaddy appraises it at $1,301. Maybe I'd quarter it to $325 or less. I think a blogger could afford that if they wanted to develop a fashion design website guide. $325 is not that crazy of a price.

    Thnks for the advice, I'll keep reading and lerning more about domaining. I appreciate your advice. 👍🏾
     
    Last edited: Oct 23, 2020
  10. sputnik7

    sputnik7 Established Member

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    Thank you very much for your time and effort to point out important and crucial things to us beginners. I admit that I got into domaining too naively.
    I also admit that I bought a lot of crap in the beginning. Now I try to correct this by spending as much time on Namepros and through other ways of learning and getting information. I just don’t like it when some people spit on something that isn’t totally pointless especially when someone nicely asks for an opinion.
    What you have done now with this educational text is complete opposite. Very educational. Short, concise, but speaks so much. Words would ruin everything. Congratulations.
    I just thought a lot after your text and it will be one of the most important factors for me to search for domain names much deeper, more precisely and with more patience.
    Also in the way you think because i agree with everything you said.
    The comments above how asked domain is worth 0$ were a little annoying to me so ...:)
    Thank you a lot for sharing your knowledge and good luck in domaining and life in general.
     
  11. sputnik7

    sputnik7 Established Member

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    :) Thanks. Me to if I make any.:) I just red comment from blogspotter and I have to admit that his words had influence on me. Somehow find his comments very useful and interesting. So, I suggest you to read his post if you are still here.
    Good luck!!!
     
  12. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    Personally, I would not pay for any domain course, it wont benefit you as much as reading this forum for a few months. Seriously, everything you need to learn now, is right here on this site. That money is better spent on 1 decent name. Buy a name for $300 and then sell for $1k, then reinvest the profit. Hand-regging names will not make you much money.

    Damn, with all the advice & links Ive posted, I thought I would make the "nice" list :xf.cry::xf.cry: :-P After all these years, I guess I do just say it how it is and dont really sugarcoat anythng, so I guess you can be excused, dont take me as being nasty or demaning, I just say what I think and try and be as helpful as possible. I have found in this game, its the best way to learn. Its much to be told to "drop those names' or "Your names are crap", rather than "I can see litle potential" or "these are ok for your 1st attempt" so at least you know the truth from the start. Its not doing anyone any favours not being honest and blunt, especially when they renew the name and waste $10.
     
    Last edited: Oct 24, 2020
  13. Zarkoza

    Zarkoza Established Member

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    Lol actually, you have been very helpful and kind and I appreciate your advice as well. You are definitely on the list of kind people in the community. Don't take too much offense that I missed you on the list! Sorry I missed you hahah! You four have given the best advice so far I think. You haven't been rude to me at all actually. At least not that I can remember. I'll have to go back and check. 🧐 jk Lol

    I realize I made some rookie buys. I'd be happy if I could get consistant sells for a couple hundred bucks or even just $75. So I'm glad Twiki gave me some price range tips for selling low as I was moving toward selling low by quartering and halfing Godaddy's appraisal estimates which was bringing them down on average between like 25 and 300 I think. Twiki prices $75-$199 would be wins in my book. So I'm gonna try it for some of them and see how it goes! If that doesn't work for any of them, then I'll just drop them all down to $99 and see what happens.

    I'll make an update for everyone if I start seeing sales! Wish me luck!
     
  14. passini

    passini Established Member ★★★★★★★★★★

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    If you like videos check out domainsherpa.com

    Every week they post a video show where top domain brokers/investors talk about domain value.

    A lot of things to learn there about valuing names.

    (I followed the thread but I don't remember if someone already suggested this to you...)
     
    Last edited: Oct 24, 2020
  15. Zarkoza

    Zarkoza Established Member

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    Thanks Passini! I'm watching the first video right now!
     

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