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I wonder why many domainers want to sell catchy/brandable domains for few 1000 dollars or less ...

Labeled as discuss in Brandable Domain Discussion, started by PatrickV, Oct 12, 2021

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  1. PatrickV

    PatrickV Established Member

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    I believe patience and quality is the key for much higher prices in future, what if they can buy/steal your domain(s) for cheap at marketplaces (with their own domain pricing!) AND turn it into a succesful brand ... Some domainers ( it seems like) want to sell for nuts ... I wish them all a more fruitful future and lots of succes!

    GLTA
     
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  2. WhoaDomain.com

    WhoaDomain.com WhoaDomain.com VIP Gold Account

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    If your goal is to make $1 million in domaining in a year. You have two options.

    If you have a million dollar domain? sell it and call it a day. or 4 $250,000 domains or 5 $200,000 domains. You get the idea.

    or if you have 1000 $1,000 domains you can sell quickly in the next 365 days. This might be a more realistic way to your goal.

    It's all about choice and resources i.e. whether you have a million dollar domain.

    I've always been for the big hits. but lately I've been more realistic and selling $1,000 domains that I should have asked for more.
     
  3. Orlwynn

    Orlwynn New Member

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    I've appraised some domains I plan to hand-register and and several come out around the $1000 mark. I was wondering fi that was something I could truly go off of and if that is a good point to say start or end at. Am I right to assume the GoDaddy Appraisal tool isn't lying to me or over guesstimating?
     
  4. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    Well, not everyone is sitting on a mountains of cash and they need to actually make sales for cash flow reasons.

    Not every sale is going to be a home run. You build a repeatable business on the singles and doubles.

    Brad
     
    Last edited: Oct 16, 2021
  5. Orlwynn

    Orlwynn New Member

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    Thanks for that information Brad. After looking things over, I saw that I am probably thinking more wholesale domaining to start with so maybe that will help me with pricing more appropriately.
     
  6. Jason Baudendistel

    Jason Baudendistel CEO Wibbets Inc

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    I might only sell the edges and use the rest split half and half for business purposes and long term investments but others made a good point. If you don't have the luxury of sitting on your best 10 names for 10 years got to pay the bills somehow.
     

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