discuss Impulsive purchases: A very important element in the domaining industry.

[infosec3]

I was just checking a few of the domains I have sold within the last few years to see what the end-users have done with them. Years later, many of them are parked. There may be many reasons why this is the case, but it makes think of the fact that many people just have money to spend and plans that never become a reality.

I always reflect on this when I think of accepting or rejecting offers. In many cases, end-users or even domain investors are impulsive buyers and you, as a seller, must take this into account. I am not including the names here, but just the prices of three names I sold, which are parked years later:

One: $1900 - Sold about three years ago - Parked
Two: $2500 - Sold almost two years ago - Parked
Three: $4000 - Sold about a year ago - Parked

Have you had a similar experience?

 

[Kate]

Have you had a similar experience?

Yes
I think many domain purchases are indeed impulse buys. I am no different: I have lots of projects, and bought domains for some of those projects, but I lack the time to get the job done, or I lose motivation.

 

[KDN]

I don't want to call it impulse buying. I think we can call it "let me reg this name before someone else gets it" mentality. Domaining is highly competitive and before you know it, the name you're thinking of registering is already gone.

 

[Beezy]

I don't want to call it impulse buying. I think we can call it "let me reg this name before someone else gets it" mentality. Domaining is highly competitive and before you know it, the name you're thinking of registering is already gone.

I don't think the op is talking about "reg". He laid out some multi-thousand dollar sales.

 

[KDN]

I don't think the op is talking about "reg". He laid out some multi-thousand dollar sales.

Well, I think it also applies to larger sales.

 

[sOliver]

Interesting topic! I'd say at this level it's completely normal that domains are abandoned/ignored. Here are 3 of my sales in comparison with slightly higher price tags:

• $7.800 - redirect to business site, still in use today after many years
• 10.000€ - business dissolved, domain abandoned / parked
• $10.500 - In use, actual domain is being used, no redirect.

What people do with it depends on so many factors like time, priority, money, motivation ...

Here are some of my own purchases of the last 2 years:

• $1000 - in use
• $3000 - semi-parked / will be used down the road
• $630 - parked

The higher the price tag, the better the chances the owner will be motivated to develop it, but I am pretty sure there are tons of exceptions or where the person simply holds onto the name to resell it for more, e.g. the 3k name I hold, I bought with a 10-year plan in mind so I still haven't bothered setting up more than a semi-parked page.

 

[baseballworld]

I buy a domain for 4 grand and its parked it better be making me that every year minimum. lol

 

[Kate]

I once picked a domain at NJ and I sold it for 3K a couple months later. The funny bit is that the buyer didn't renew the domain, so I bought it back again at NJ a year later. It cost me < $500 (there were multiple bidders) so I now have the domain and a nice profit lol.