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I sold a domain for way less than what it’s worth.

Located in Domain Beginners, started by 61n8, Feb 24, 2020

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  1. 61n8

    61n8 New Member

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    I've sold a couple of domains here and there. $50 here; $50 there. Recently, I sold a domain I had thought up myself, for more than I should have. The buyer contacted me through a GoDaddy broker and offered $150 for it. In hindsight, that number was much, much too low, seeing as they paid $60 some dollars just for the broker fee. They must have really wanted it. The domain name was myceliYum.com. I countered their offer at $350 and the buyer immediately accepted. I think that the domain was clever and there was no particular trademark on it. It could have been used for a whole host of mushroom food products. I wish I could get it back but live and learn I guess.
     
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  2. aatif.net

    aatif.net New Member

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    What does myceliYum means?
     
  3. 61n8

    61n8 New Member

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    "mycelium" the root-like part of a mushroom. the "y" was added to indicate that the supposed mushroom product tastes good.
     
  4. Rhinnnn

    Rhinnnn Established Member

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    When exactly did you sell this domain?
     
  5. NameClerk.com

    NameClerk.com Bill E. VIP Gold Account ★★★★★★★★★★

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    I agree that it was a very clever domain. Don't beat yourself up too much; it's still a good sale. Just learn from it and go find more domains like that.
     
  6. 61n8

    61n8 New Member

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    It was way back in march but it feels like yesterday haha
     
  7. rh2000

    rh2000 Upgraded Member Blue Account

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    March? A year ago. You have to get over this.
     
  8. 61n8

    61n8 New Member

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    This post has helped me to vent, if anything.
     
  9. Adam27

    Adam27 ThcJobs.com VIP

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    We all do this once in awhile. Best thing to do is to learn from the experience. :)
     
  10. HappyW

    HappyW Collector VIP

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    No one can fly to the top,at least this is a good start.
    Stay awake and focused,Congrats 61n8.
     
  11. phptechie

    phptechie Established Member

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    There is no price tag or MRP for a domain , as its an intangible product.
    The best price is what the buyer is willing to offer & the seller is ready to accept.

    So if you have sold your domain , then thats the price you have perceived at that moment of sale.

    But if you had a slight doubt that the domain would fetch more , then you should have retained it & held it until you receive your expected price.

    Anyway this would be a learning for you , so in future if you expect a better price , hold it until you get it :)
     
  12. Mister Funsky

    Mister Funsky Top Contributor VIP

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    Anyone in this biz that has sold more than a handful of names has felt just as you do. We all sell names for below, sometimes FAR below their full value.

    There are names I have priced in mid xx,xxx but would be more properly priced at high x,xxx. These are names that I REALLY like and may one day develop...or they pertain to a market and/or industry that is emerging and I will wait for the right buyer.

    Now is the time to devote your energy for finding the next clever name to add to your portfolio...before selling it (unless you are sure you are getting max $) post it here in the appraisal thread...sooner or later you will get some feedback.
     
  13. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    that true for each and every of my domain sales
     
  14. MadAboutDomains

    MadAboutDomains Top Contributor VIP ★★★★★★★★★★

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    Sometimes it's not worth holding out for what you think a name should be worth. It's only worth what someone is willing to pay and when you start trying to extort you run the risk that the buyer will just walk away.

    You pressed accept because you were happy with the price. Congratulations on the sale.

    I've just sold a name for $700 and I was more than happy when I clicked accept, but I started having doubts after the fact. But I've essentially realised $700 of value from something that I wasn't going to use myself. That's a win to me.
     
  15. Rhinnnn

    Rhinnnn Established Member

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    Well, that's an interesting definition of "recently."

    But at least you made $350 - that's not too terrible, is it?
     
  16. The Durfer

    The Durfer Top Contributor VIP Blue Account

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  17. BaileyUK

    BaileyUK Top Contributor VIP

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    Don't sweat on it. As Frank states above, every sale is less than you really thought it should sell for - Always Kicks in after the sale.

    Even a $20,000 dollar sale will have you wondering if you could've got more
     
  18. ken.colvin

    ken.colvin Established Member

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    That's a great story 61n8, thanks for sharing. I haven't sold anything yet, but I have no doubt over-priced them since I'm really not sure what they're worth yet. I believe it takes some time to get the real feel of what a domain can fetch. I'll probably end up taking a low offer just to get my first sale!
     
  19. frank-germany

    frank-germany domainer since 2001 / musician VIP

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    Baron Rothschild – “I never buy at the bottom and I always sell too soon.”
     
  20. Love2Travel

    Love2Travel New Member

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    Maybe this will make you feel better:

    This was my first domain sale...

    It was a .co I got for $50 --8 months after purchasing I got an email from Domain Agents stating someone wanted to purchase it.

    They offered $500 -- I countered $2,000 they then countered that with $1,750 -- I accepted.

    Turns out I sold my one-word .co domain for $1,800 to a San Francisco tech startup that publically received nearly $10 million in funding...

    Anyways, you live and you learn. I was a bit too excited with my first domain sale and more than likely, I could've sold my domain for much more if I had asked for a much higher price, but then again, I had no experience selling domains previously + I didn't know who my buyer was until I checked the domain a few months later.
     
  21. karmaco

    karmaco Top Contributor VIP

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    This thread title could be a title of a domaining book. You are not alone 😉
     
  22. Drongy

    Drongy WebSuffix.com VIP

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    I suggest to get over it and also be glad that the sale happened at all.
     
  23. Levi Zheng

    Levi Zheng Established Member

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    Good start anyway :xf.wink:
    Many newbie still awaiting lool
     
  24. lock

    lock FREE.MARKETING VIP

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    I have sold names just to have some turn over it is part of the game. High value names can always hold out but if you have a strong commitment and can do with money. well make your decision.
     
    Last edited: Mar 28, 2020
  25. Raj2610

    Raj2610 Established Member

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    Even the buyer goes through similar emotions after they buy something. We should mostly stay happy with the gut feel related to the buying and selling of this intangible stuff.There is a guy who wanted to buy my domain kidtak.com for USD 50. I agreed and later on thought thought that I am getting less out of it. The buyer dint pay later. Both of us seems to be happy now.
     

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