NameSilo

Is it impossible to handreg a million dollar name?

Labeled as discuss in General Domain Discussion started by mAd MaX, Apr 8, 2019.

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  1. topdom

    topdom Established Member

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    DDOS all catchers and others won't try to handreg either.

    Pay someone at the registry so they drop the name at the least expected time.
     
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  2. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP

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    I think it is not impossible but the odds are infinitesimal of it happening. In 2018 there were 4 domain only sales (NameBio list) of $1 million and up, out of about 70,000 .com sales over $100. All of them were long registered.

    To have any chance one needs to be at the forefront of futuristic ideas, speculate a lot on names most of which will sell for nothing, and there is a tiny chance one might hit the jackpot. However, also a greater chance you will be hit by a meteorite, and that is pretty tiny (but not 0).

    Bob
     
  3. JayT

    JayT LIFESAVINGS.ONLINE

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    As the old saying goes, nothing's impossible. Odds are under .001% that any domainer today will ever do it, i'd say. Why not just make a poll?
     
    Last edited: Apr 8, 2019
  4. bmugford

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

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    I would say the odds are essentially 0%, or as close as you can possibly get to 0%.
    Is anyone aware of even a single verified case of this?

    The only real way is if you have a domain and some massive trend emerges, like cryptocurrency for example. But even then how many million dollar sales have there been?

    Also, like some others have said it is highly unlikely you will turn down all the offers it takes to get the million dollar one.

    If you want to build a business you need realistic goals, not pipe dreams...

    Brad
     
    Last edited: Apr 8, 2019
  5. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO Gold Account VIP

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    It is possible. It is extremely rare.

    For example, Epik recently managed a multi 6 figure domain sale for a 2 word brandable that was a hand-registration from not long before. Right place, right time.

    Two thoughts:

    1. These are what I call asymmetric opportunities where one man's trash is another man's treasure. This pretty much only happens with brandable domains.

    2. The dynamic that I find drives "money is no object" pricing is where an executive committee led by a "buck stops here" CEO that endorses a strategy, i.e. we will call ourselves this brand name. Sometimes companies launch the product before the brand takes off. This also drives that type of dynamic.

    As for the sale reporting, I think many cases where a company is clearly overpaying for a domain name go unreported to avoid embarrassment for management or to avoid second-guessing by the peanut gallery.
     
  6. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP

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    ^^ This is a perspective I had not thought of, but makes a lot of sense to me.

    Also thanks for sharing the idea that one strong willed CEO who really wants a particular name that can drive it (one might argue the Tesla sale was like that - clearly they could have called themselves something else but Elon really liked Tesla and persisted over many years and many dollars to get it). Thanks for providing your perspective from the point of view of a registrar CEO and escrow service provider that provides a perspective most of us don't have.

    Bob
     
  7. JayT

    JayT LIFESAVINGS.ONLINE

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    A million isn't even that much money for a premium domain today. I like the idea of a billion dollar domain. There must be such a thing.
     
  8. mAd MaX

    mAd MaX Established Member

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    It may happen in the category you mentioned I think
     
  9. zeev yagorov

    zeev yagorov Restricted

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    i new to this biz but someone told me alot huge deals made but no go to public, he told me if you think the famous one are the most big you are wrong, i also asked him it is realistic to sell domain for few millions today after everything is already registered, he told yes and its was done, he told me why privatejet sold for so big numbers and other sold for much less, where he is the logic, he told me how estibot can figure out price when there is no logic and the one will try to show you logic is far away from the real truth that private jet sold because the owner is smart he know what he hold, the others that sell high quality domains for less lose so much money, and he told me there are alot top domains that no body ever touch them, you need to be creative, the companies that buy them dont have the ability to found them its just not their job, the domainers are the ones that have this nature to get this names, so i built bot like miner to see what goes and this is also help me to get new domains from all what the bot founded, so i found tons, and i was in shook that domainers not get to them, some domains are top 2 words, some middle the others are crap

    but for example the domain flythisjet.com and private vip Flights.com historical wine.com
     
  10. NameLlama

    NameLlama Established Member

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    aS others says, a million dollars is not that much these days
    Billion dollars should be your aim
    Just build a robot miner to see good domain, an you may be shocked by what is not taken
    Good luck
     
  11. Hustling

    Hustling Established Member

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    Probable, yes. Unlikely, yes. Impossible, not at all.
     
  12. karmaco

    karmaco Top Member VIP

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    It is possible with a long hold but less likely unless you get super fortunate and registered the next really big thing before someone else. I don’t think it’s fair to bring Rick Schwartz into this as an example. For one, his domains are in some cases worth what he asks— maybe in every case and of a different caliber.

    As a smaller example, ask yourself how much you’d hold out for on a great CBD name you managed to snatch up ! Or that machine learning name or AI or whatever future trend you invested in. Would XXXX or XXXXX make you swoon?

    You need to know the answer before the question gets asked.

    The reason there aren’t more huge sales is the average domainer would rather take a sure thing than an unknown. I do believe some names are worth waiting for the right buyer. I just don’t think it’s practical to always holdout. Unless you have a pocket full of top tier names. 😂

    Look it all depends on the caliber of the name and how long you are willing to wait.
     
  13. dande

    dande UNNATURE.COM VIP

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    I brought Rick into this discussion because I know for sure he possesses the uncanny ability to hold for million dollars deals.

    Last year, I offered him $100,000 for a domain I wanted to use for my gaming business. He told me not to waste my time and his, that he can't come down from $1.3million. We had some few chats on twitter, then I passed. Any other domain investor would gladly take $100k for the said domain, but not Rick. That's why I mentioned him as a good example of how to hold.

    There are countless of domains he priced above 1million that everyone else will take even $10k for, even some with deep pockets. It's about willingness to wait, and knowing the right domain to hold.
     
    Last edited: Apr 9, 2019
  14. jamesosix

    jamesosix Top Member VIP

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    shut up.
    CBD is perfectly legal in most parts of the developed world.
     
  15. mAd MaX

    mAd MaX Established Member

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    Retirement time! 😁
     
  16. johnnie018

    johnnie018 Account Auto-Closed

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    Not it isn’t illegal in almost every country. People making excuse to profit on addiction, dirt.
     
  17. MapleDots

    MapleDots Domain Properties 2010 - 2019 VIP

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    Trends-Bhavna@2x.png

    - There are millions of combination words in .com still available.
    - There are new trends developing every day.
    - There are new companies and start ups opening every day.
    - There are millions of product launches every single day.
    - There are new words coming to the forefront at a faster rate than ever.

    Be on top of some of these and it is very possible to hand register a million dollar domain.

    Only problem here is people that are lacking imagination or the business savvy to know when to hold or when to fold.
     
  18. johnnie018

    johnnie018 Account Auto-Closed

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    Wish thinking, answer is has not been done. Why lead people away?
     
  19. MapleDots

    MapleDots Domain Properties 2010 - 2019 VIP

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    So how do you know it has not been done, you have checked all million dollar sales and verified they were not recent hand registrations?

    Even so you are aware that only a small portion of sales are ever reported.

    If I was a gambling man I would wager you that you're jumping the gun with your response on this one.
     
  20. zeev yagorov

    zeev yagorov Restricted

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    mate i know someone who didnt take 5 million dollar for a domain in the diamond industry, and want more and it never reported anywhere, do you know how much on a daily basis huge deals runs out there, what reported its only 00.1% from all sales,, the question is why the nature of this business is private more then public,,,also alot of domains that publish on marketplace in the end closed outside of the market so it not go public and not to pay fees 10% for a deal
     
  21. bmugford

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

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    So you are saying only 1/1000 sales are reported? Nonsense.

    I would venture to guess that the vast majority are not reported, but that ratio is absurd.

    Brad
     
  22. zeev yagorov

    zeev yagorov Restricted

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    yep mate , i think there are no answer for why this business its so private then public, if it was fully public the prices was much more higher for domains.

    but why they are few sells on flippa because most of what goes on flippa is scam from domains to apps and online business, but alot of domains publish there and after sometime disappear for no reason but what happens is the seller find the buyer and the deal closed outside of the market,
     
  23. NameJi

    NameJi The Domain Lover Gold Account

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    It may not be that small. What we do not know is actually we do not know. So whatever percentage private sales we assume may not be true. Especially high ticket sales, it is fair to assume 50% - 60% sales would be private (undisclosed).
     
  24. zeev yagorov

    zeev yagorov Restricted

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    ** trust me right now at this moment there are nice deals happen ...
     
  25. johnnie018

    johnnie018 Account Auto-Closed

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    Yes. Stop filling people with nonsenses.
     

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