I Sold A Domain, Should I Feel Like A Fool Or Lucky?

[domainacrobat]

Have any of you ever sold a domain for a real lowball price thinking, oh well I might never get another offer. I started buying domains late 2005 and did not start using this forum until recently. I really had nothing to gauge the price of domains, I only parked my names at sedo. I wish I had come across this forum sooner. So I completed the transaction for this domain may 15th:

Be sure to click link-->www.iradiomusic.com for $150


I was just curious about it so I typed it in today and to my surprise...

 

[Traveler]

ouch, thats gotta hurt

 

[HcDomains]

May be you have chance to get a better price if you hold it.

But who knows...?

So never regeret what happend. Use the $150 to buy another nice name, then try to make more money

 

[Tippy]

$150 for that name isnt all that bad, I would have sold it too at that price if it were mine.

Mike

 

[SpareDomains]

that ones gotta hurt, but too late now to look back at it, you can either buy domains and flip them quick for smaller profits and reinvest your profits into new domains so your profits build your portfolio or sit on your good domains and reject lowball offers and wait on the good bids for maximum profit, prices continue to rise on good aftermarket names but sometimes to find that good offer you gotta reject quite a few lowball offers to get that top dollar, if you look at sedo, dnjournal etc... and you see some of these huge sales it's not uncommon to see 10-50 previous offers before they finally accepted the winning offer which may have taken them years to receive, some sellers wanna sell quick and reinvest into more domains and others don't mind holding out for years until that perfect buyer is found, good luck with your future investments, don't look back move ahead and learn from your previous experiences and this forum as well.

 

[Lasher]

I was going to say I'd have sold for $150 too, but after actually looking at the domain, nope, I'd be kicking myself hard. Go check it out: http://www.iradiomusic.com .. although you had know way to know at the time, I wonder how much they would have paid if you'd held out.

 

[faisj]

These things happen...
Think about the profit and invest it again.

Don't look back to much... ( thats my advice )

goodluck with the business buddy

 

[Damion]

I experienced the same thing sort or less but like others said you just need to move on and not think about it anymore.
It all happens to us some day or happend already.

 

[gazzip]

Ouch, thats gotta hurt - Not a fool, just a bit unfortunate - The joys of sedo's offer system, you have absolutely no idea who you are doing business with on the other end - that sucks IMO

Did you have it priced already or make offer ? It is best to have an idea of who "may" potentially be interested in your names, do a little research when or before you get them.

Of course we never can tell !

.

 

[domainacrobat]

Thanks for all the support. I really like this forum! I was up late last night, thinking of the domains I had sold. Then I just thought I may as well check out www.iradiomusic.com When I opened it up I almost threw up! I actually gagged! I had opened it at 2am and it took me 2 hours to fall asleep LOL! Thanks for feeling my frustration all.

$150 for that name isnt all that bad, I would have sold it too at that price if it were mine.

Mike

He must not have followed the link to Motorola LOL!!!

It is best to have an idea of who "may" potentially be interested in your names, do a little research when or before you get them.

Of course we never can tell !

I realized the domain had some value, I bought it way before iradio launched or even any website was related to it. I knew www.iradio.com belonged to another company besides motorola so i thought for sure this name was going to be worth something, I just didnt know how good it was and that motorola was the interested party! LOL

When I had it listed I think it was $300 LOL, they only offered me $100 to start, I even stated once iradio lauches it will be worth alot more and countered with $175. They responded with $150 as their final offer... My guess is they would have paid a load more! DOH

Again thanks for all the supprt and feel free to share your stories to make me feel better! LOL

 

[matt_bodis]

Everytime you get an offer, re-Google and most importantly re-MSN the domain. Research it everytime. MSN index is updated the most frequently, so you have to be on the look out.

 

[DomainBuyerBroker]

Good advice. Research the domain as much as possible. See who owns the .net, .org, .co.uk etc etc.

Search the keywords in Overture and as "keyword keyword" in the search engines.

Without any traffic stats, $150 seems like a fair enough price. Best if you can try to talk with the buyer and get a feel for who they are. Ask if you can go along for the ride and only sell like 90% and keep 10%. Or, ask them to link to one of your sites for one year in exchange for a lower price.

Hey, anyway, figure it as a price for tution. If you just started buying domains in 2005 and already caught the eye of Motorola, you must be on to something.

I would contact the person who bought the domain and see if they see anything else in your portfolio that they like...of course you will want to add a couple zeros to the price first

 

[duskdawn]

When I had it listed I think it was $300 LOL, they only offered me $100 to start, I even stated once iradio lauches it will be worth alot more and countered with $175. They responded with $150 as their final offer... My guess is they would have paid a load more! DOH

I guess your failure in this negotiation is you assumed an offer on sedo is from a reseller. It is very possibly from an end user if you park your domain at sedo or afternic.
Never do that again. I treat every offer I received from sedo and afternic as from end user buyers and counter offer accordingly. After the first two rounds you will have an idea whether they are domain resellers or end users then you can decide the strategy later.
But anyways, let's just move on. It happens everyday in this industry.

 

[RS]

Dang dude, that sucks.

Dang dude, that sucks.

Just tellin ya to be more aware next time, np.

 

[gazzip]

I treat every offer I received from sedo and afternic as from end user buyers and counter offer accordingly.

Me too - I'm always scaring them away :lol:
I think its best to have a good idea of what you will let it go for before you even get an offer - rather than just try and counter their offer figure (usually $100 LOL) with a price that you think will not scare them off.


Maybe that is a big mistake on my part but I hope it will pay off big one day, I don't mind the wait !

Time will tell


.

 

[madawg]

150$ for that domain was pretty good, be glad you got it

 

[Phronesis]

Honestly, if I hadn't researched the name pre-sale I probably would've sold for $150. But your post has inspired a decent reg

 

[ForexPros]

i think it was a good price for domain

 

[Broker]

At the time I would have done the same thing. But looking at who owns it now, OUCH, thats gotta hurt is sooo true :hehe: Dont sweat it

 

[domainacrobat]

I guess your failure in this negotiation is you assumed an offer on sedo is from a reseller. It is very possibly from an end user if you park your domain at sedo or afternic.

Very true. I am learning so much about the biz everyday. In my experiences I mainly had dealings with resellers. I truely was not expecting to peak the interest of major companies so quickly. I have learned from this experience and will treat all sedo/ afternic offers as potential end-user sales. Thanks for all of the insight and sympathy lol! It really has just motivated me more to redouble my efforts. I am glad to get some responses in this forum, being new is a little difficult to establish youself among so many distinguished domainers with so many great names worth thousands. I am happy to know my hand reg skills have some potential and that I may have a future doing this as a real job!

Good Luck all and dont let what happened to me happen to you!