news Just sold : Sell My Jet dot com

[ScalableDomains]

Just completed a transaction for Sell My Jet dot com. 2073% return.

Picked up on 09/10 for $23. sent about 20 emails. Two responses. One closed deal.

 

[hookbox]

If you think those are all crap names

and

that comparable offers to sell are irrelevant and may not be used to support asking price to a buyer

and

that reported sales are fake,

if you truly believe those three things, then you’ve already lost beyond three strikes to any potential buyer who might come your way and might as well just turn over all your domains to me to sell them for you, because you’ll never get anywhere near their value with those beliefs and attitude.

Any buyer that comes your way will easily dominate you.

LMAO

 

[AlejandroGarcia]

And all of a sudden, you and your future generations are financially set for life. Congrats.

 

[techname]

I own Sell/Planes/dot/com, sounds like I need to start reaching out or maybe OP can tell me who he sold his to, lol.

This is the company "theprivatejetcompany (.com)" and this was their response to me:
"Sure, we could offer $400 but this is our last and final offer only until Monday next week. We just bought "sell my" yesterday for same price and leasing jets only represents 6% of aircraft transactions...so this website would be useless for anyone. This is a tough one to sell."
Actually that was his only offer. I have 4 figures in the name, so couldn't let it go for that without a lose.

 

[xynames]

Yes, when one person sells too low you can’t expect especially the same buyer to pay much more for a similar name. It’s unfortunate.

Hmm so is this buyer lying and lowering the claimed purchase price to $400 or did it really sell for $500? which not much difference anyway but $400 is ridiculously low.

“This is a tough one to sell“ implies that they will re-sell it?

 

[promo]

I have to walk back my comments here. Must have been sleeping since I thought the name was my jet and not sell my jet dot com.

I stand corrected and think it was a fine sale. Not under sold.

 

[xynames]

Obviously myjet is worth a lot more but sellmyjet is worth more than $400 too. We all knew what the domain was and even the longest sellmy domains are offered for a lot more than $400.

 

[promo]

I did not know. So already there you are mistaken..

 

[xynames]

sellmyjet is not a fine sale at $400 which is apparently what he sold it at. It is low. If you think otherwise I’d simply disagree with you for the reasons I and most everyone else above posted.

 

[promo]

Could it have sold higher?.. Probably. Was it massively undersold.. No..

Ohh and also you using asking prices on similar names as comps is laughable. Thats not how comps work. Especially not on such an iliquid commodity as domain names. So I am more with @hookbox than you. Or rather I had a similar reaction to his when I read your post.

 

[xynames]

Well that's why you won't be selling domains for much, because you already don't believe in yourself, and in the power of what you may use to support your asking prices. The further proof is in that you think $400. for this domain was "a fine sale." That's what is laughable.

Anyway, we all have different approaches, and what works for me may not work for you. But why it won't work for you is not because asking prices are not relevant, but because you have convinced yourself that they are not. So if you don't believe it, of course neither will your buyers.

 

[promo]

No you are right. I only did 930k USD in sales last year.

Who knows what I would have made had I had your brains and experience. Its obvious you know what you are talking about..............

 

[xynames]

You're getting awfully defensive, don't be.

What we are talking about is whether current for sale listings may be used to validate asking price, and I say yes, you say no. Stick to the subject.

 

[onestep]

congrats.more sales!

 

[promo]

Defensive? You the the one telling me I wont be selling names for much. I am the one correcting you... Again..

Regarding asking prices being comps. You are wrong. This is not a commodity where there are 5 possible assets to buy and you have to relate their asking prices to eachother to find a value. No this is a commodity where there are 1 million alternatives to your asset. Where each is controlled by different sellers with different beliefs and methods. One make sales another never did.

Now how is it relevant that someone that will never make a sale is asking 1 million dollars for a name with the same keyword as yours? Its not. Big surprise. Buyer is not forced to buy your name or the other one. There ia ONE category killer name and 1 million alternatives. I dont care about the alternatives at all since they are not comparable.

 

[xynames]

"I dont care about the alternatives at all since they are not comparable." I disagree with that. That's the market. If for example jojo dot net is being offered for $2200. then you must come in and offer your jojo dot com for more. Or if let's say you are seeing bigname dot com being offered for $1500 you can't come in and ask $30,000. for bignames dot com even if it is better. You don't concede that?

At a minimum comparable offerings are your competition and you must price your offerings within that market.

 

[promo]

No I dont concede that. If you want to buy jojo.com then you dont care about .net or .whatever.

If you cant get the .com you might as well take anything. This is not a healthy transparent marked that you can apply common business theory to. This is a market plagued by lack of of information, fragmented sellers and dreamers.

Buyers are, if possible, even less knowledgeable than the sellers. 99% of end users think 10$ is the right price for jojo.com. You want to convince them otherwise by showing them how Billy Redneck is asking 1 million for something you think is similar. You need real numbers. Asking prices are not real numbers.

 

[xynames]

I disagree, and evidently my buyers disagree because when I quote comparables to them to support my asking, they too agree and fall into line, if they are serious buyers to begin with, I mean. I don't think I am on to anything new here, but if no domainer is quoting comparable listings, then I am happy to be the only one doing so. Of course I quote both offerings and closed listings, both, just like I did above.

But I am actually shocked that you think that comparable offerings are irrelevant. Try to sell your bignames dot com for $30,000. then, when bigname dot com is for sale for $1500., because that is what you are saying, that you don't care and don't even look at comparable offerings.

 

[hookbox]

.

"I dont care about the alternatives at all since they are not comparable." I disagree with that. That's the market. If for example jojo dot net is being offered for $2200. then you must come in and offer your jojo dot com for more. Or if let's say you are seeing bigname dot com being offered for $1500 you can't come in and ask $30,000. for bignames dot com even if it is better. You don't concede that?

At a minimum comparable offerings are your competition and you must price your offerings within that market.

That logic is ridiculous. Example, accountingbooksonline.com is listed on Sedo for $10,001,000. Yes 10 million dollars so if you owned accountingbooks.com you would say that my domain has to be worth more than 10 million since it's a much better domain. Right? Bottom line, you can't use other people's outrageous pricing to try and sell your domains. Any potential buyer would laugh their ass off if you used this example as a comparable.

 

[xynames]

Just like in any statistics, there are data that must be thrown out. Common sense would tell you to ignore an offering like that, but if everyone you run into that day is telling you that you have a tail, you'd better at least take a look behind you.

Meaning, that if all of the comparable offerings are grouped in a certain range, it means something.

 

[promo]

I think you have the idea of a transparent perfect market where buyers make informed decisions. That market does not exist. Not in ANY industry.

Here in this market in particular you can throw out 99% of your so called "comparable pricing" data.. How do you decide what 1% to take into account? You are shocked by me not using that data as comps.. I am unfortunately not shocked that you would.