Interesting how domains sell for a nice amount then drop the next year...

[buckshotdots]

At snap (sometimes when there is a bid on a domain I check it out to see why) this domain is dropping and someone is paying $79 for it. Then I see someone payed

pricelawn.com $1,000 1/10/07 namebio

I know people pay for domains all the time and then never even get them transferred. But $1K is a nice sum to just throw away 1 year later. I wonder if the seller is buying it back lol.

g-

 

[Keynes]

All too common: it's much easier to buy the domain then to execute on the business model. As a result, the drop pool is filled with previous aftermarket purchases. Many end users don't realize that their domains have resale value and just let them drop, while other domains don't have much resale value beyond end users.

 

[blaknite]

I'll admit to having dropped a domain that I've paid $500+ for at least once or twice. It didn't happen on accident either. I look over my lists and determine which domains are not making me money and I don't continue to pay in renewal fees if they are duds. Generally it is a situation where I bought the domain thinking that the name would get some natural traffic and produce an income. Later on I find the name either has no traffic, or all expired SE traffic which drops off. If the name isn't good enough to warrent development I let it drop. If you are wondering why I don't sell these names, its a matter of reputation. If I know a name is a dud I'm not going to sell it to my fellow NP'ers. Probably a dumb (financially) decision, but its the right one to make.

 

[VegasCoupons]

I'll admit to having dropped a domain that I've paid $500+ for at least once or twice. It didn't happen on accident either. I look over my lists and determine which domains are not making me money and I don't continue to pay in renewal fees if they are duds. Generally it is a situation where I bought the domain thinking that the name would get some natural traffic and produce an income. Later on I find the name either has no traffic, or all expired SE traffic which drops off. If the name isn't good enough to warrent development I let it drop. If you are wondering why I don't sell these names, its a matter of reputation. If I know a name is a dud I'm not going to sell it to my fellow NP'ers. Probably a dumb (financially) decision, but its the right one to make.

I agree about not wanting to sell a dud to another NP'er, but remember one man's trash is another man's treasure.

The other NPer might not think it is a dud at all.

 

[-REECE-]

I really wonder how prevalent money laundering via domain names is.. Some things simply seem to defy logic.

 

[NetOctave]

If I know a name is a dud I'm not going to sell it to my fellow NP'ers. Probably a dumb (financially) decision, but its the right one to make.

don't let it drop. You can always offer it for free or conduct a charity auction so that proceeds go to some charity.

 

[gingeman]

I really wonder how prevalent money laundering via domain names is.. Some things simply seem to defy logic.

I also often wonder this reece, and I am sure it goes on a lot. I can see a high profile case 'outing' this practice and eventually leading to a tightening of restrictions on sales of names...

 

[theuniverse]

domainers can utilise this situation by buying good domains for less price,sell them for more price to the end users or others.

 

[Ms Domainer]

*

I'll admit to having dropped a domain that I've paid $500+ for at least once or twice. It didn't happen on accident either. I look over my lists and determine which domains are not making me money and I don't continue to pay in renewal fees if they are duds. Generally it is a situation where I bought the domain thinking that the name would get some natural traffic and produce an income. Later on I find the name either has no traffic, or all expired SE traffic which drops off. If the name isn't good enough to warrent development I let it drop. If you are wondering why I don't sell these names, its a matter of reputation. If I know a name is a dud I'm not going to sell it to my fellow NP'ers. Probably a dumb (financially) decision, but its the right one to make.

If reputation is an issue, then you could always tell potential buyers that the name is low traffic.

Who knows? An end user might make gold out of it!

*

 

[blaknite]

By the time I drop a domain (only a few have ever made it to that) there really isn't any value to be found. If it had keyword potential I would have developed it and without traffic or keyword potential they really are duds.

As to money laundering, I can't say I've tried it. (no money to launder) But should a creditor ever come after me in a big way my little brother would get a hell of a deal on ~30k worth of domains and websites. (like say $10 + regfee for the lot) I might lose my house, but I'm damn sure not going to lose everything I worked for from a downturn in the economy. There isn't any law that says you can't sell your domains for less than they're worth.

 

[HuntingMoon]

my theory is that the buyer let it drop originally, has to buy it back at auction, and then drops it again. "vicious cycle".

 

[buckshotdots]

my theory is that the buyer let it drop originally, has to buy it back at auction, and then drops it again. "vicious cycle".

That is a vicious cycle lol. You would think people would learn and renew it for 5+ years.

g-

 

[weblord]

a case of domainer to domainer instead of domainer to end user?

 

[Aggro]

I doubt some people have any clue what money laundering is.

For a start, if we are talking about high $XX,XXX and above type deals, noone is paying for domains with used $$ banknotes.

The money is ALREADY in the banking system (if they are paying by wire) - so what is there to 'launder' ?

 

[blaknite]

I doubt some people have any clue what money laundering is.

For a start, if we are talking about high $XX,XXX and above type deals, noone is paying for domains with used $$ banknotes.

The money is ALREADY in the banking system (if they are paying by wire) - so what is there to 'launder' ?

It might throw up a few red flags if a buyer wants one of your domains for say twice what its worth and insists on meeting you in person and paying cash. Probably not enough of them to stop you from accepting the deal though. Joe druglord buys your 50K domain for 100K in drug money and then sells it for 50K in clean money.

Theres also the possibility of distribution factoring. Joe druglord buys 100 1K traffic domains all in cash from mutiple sellers. Each seller then spends their cash on groceries and gas instead of depositing the money. The feds can't follow the paper trail because its everywhere leading to hundreds of people who haven't knowingly commited a crime.

 

[dnb8]

I registered .info which is listed at namebio with 200 euro selling price and also I registered domain which I sold to someone year ago for $70

 

[HcDomains]

My experience:

I sold domain TestFirst.org to someone at $500 on Y2006 through afternic, then several months later in Y2007 I found the domain was dropped so I registered it again. Now almost one year past after my 2nd reg. and there has no offer, no traffic .. for it. Maybe I will drop it again