discuss Looking for action-packed domaining

[Molly]

Hi guys. Like many of you, I quite enjoy domaining. It’s not about getting rich, per se; rather, it’s an exciting & creative outlet — when you can keep your inner addict in check.

That said, I obviously would like to make money at this in time. Right now, I’m mostly looking for action & trying to get a feel for how the game is played.

Is there a venue for those looking to “play” so to speak, with other creatives or thrill-junkies, where buying / selling happens quickly — even at the risk of lower profits? I’ve yet to try holding an auction; is that what’s missing in my life? Thanks in advance.

 

[bmugford]

If I was a noob, this is probably where I would start.

It doesn't really make sense to go after high end domains without ample knowledge and experience. If you do, it is just a cheat code to lose money even faster.

Here is a tip for domain investors in general, but specifically new ones.

Instead of competitive auctions, focus more on @GoDaddy closeouts.

This is a great way to fine tune your skills while picking up some hidden gems in the process. 👇

— DataCube (@datacubecom) July 2, 2024

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[Future Sensors]

worth several thousand

Just realized... maybe I misunderstood you here. Did you mean the price in auction, or the amount an end-user would be willing to pay to acquire the domain? I was referring to the second.

 

[bmugford]

Just realized... maybe I misunderstood you here. Did you mean the price in auction, or the amount an end-user would be willing to pay to acquire the domain? I was referring to the second.

I just mean it's obviously worth several thousand even at first glance, as an investor.

If it sold for $50K+ or more to an end user, it's not something that would be all that surprising.

The other two domains must have something going on to be in that price range. LocalCloud.com is just objectively a good domain.

You are right that a domain investor needs to understand the difference between these type of domains.

Brad

 

[Molly]

Brad, I'm convinced that this domain has way more potential.

"A local cloud, also known as a private cloud, is a cloud computing environment that is owned and operated by a single organization for its own internal use. It is typically hosted within the organization's own data center or on-premises infrastructure …."

Now I understand. Thank you!

It doesn't really make sense to go after high end domains without ample knowledge and experience. If you do, it is just a cheat code to lose money even faster.

Prudent advise! I usually look at closeout or deleted, etc. I do wish I better I understood how to use expireddomains.net. I’m still not confident I understand where closeout fits in the path… is it expired auctions -> closeout -> pending delete?

 

[bmugford]

Now I understand. Thank you!


Prudent advise! I usually look at closeout or deleted, etc. I do wish I better I understood how to use expireddomains.net. I’m still not confident I understand where closeout fits in the path… is it expired auctions -> closeout -> pending delete?

GoDaddy expired auctions that don't received any bids go to closeouts.

Day 1 - $50
Day 2 - $40
Day 3 - $30
Day 4 - $12
Day 5 - $5

Plus renewal fee.

The vast majority of domains I put on my watchlist get purchased at some point.

Brad

 

[Joe123]

There is a way to create action-packed domaining: buy several high quality domains and sell them at a no-reserve auction. You will likely lose heaps of money but there will be action!

 

[bmugford]

Just because a domain sells for a lot doesn't mean it's good.

A few months ago there were (2) surname + term domains in .COM.

The less popular surname sold for like $600+ at auction. I bought the more popular one as a closeout for $50.
The $50 one was better.

The other one just had at least 2 interested bidders.

Brad

 

[Molly]

You will likely lose heaps of money but there will be action!

Lol!

GoDaddy expired auctions that don't received any bids go to closeouts…..

The less popular surname sold for like $600+ at auction. I bought the more popular one as a closeout for $50.
The $50 one was better….

Thanks! The perspective (context?) is very helpful!

 

[rh2000]

The most action you will get is fighting over a domain and bidding in a auction.

 

[ManicMillionaire]

Just so you know, I haven’t given up on this. I’m still looking for action-packed domaining, and suspect many of you are, too!

As I’ve recently commented in response to the daily Namebio sales posts, many of those domain names are actually expired auctions benefiting only big registrars. Frankly, it’s a bit ridiculous the kind of crap people will bid on — up into the thousands, no less. For your entertainment, a couple of current examples:

LocalCloud.com is pushing $3400 with nearly two days left before the auction expires. Trenderr.com is at $6,400, and WheatBellyBlog.com at $4750 — both with about a day left to go. Seriously?! However, paying a fellow investor a couple hundred bucks for a fair two word domain feels unthinkable.

I think it’s a sense of scarcity that drives these sales. What if we could find (create?) a way to gamify domain trading for investors? Maybe a platform where we can make fast trades at say $20 or $30, or whatever, with some elements of “fun” added in…? Something that taps into the same feelings of scarcity and reward.

I seem to recall @Bob Hawkes asking @RyanEwen during his recent AMA if he might consider lowering the bottom on DNWE’s Dutch auctions. I suppose something like that — with low enough minimums, could work. It would just have to be gamified enough to garner sufficient interest from the community.
Your thoughts would be appreciated!

Is // There // Enough (com)
There’s // Plenty (com)
Scarcity // Isn’t // Real (com)

And no, I didn’t just reg those for this post.

Yes we are lowering listings to $29. Keep an eye this week - we have some cool stuff coming up which should keep you entertained

 

[biggie]

LocalCloud.com

Hi

nice name
i picked up "LocalCube.com"

imo...

 

[Molly]

Copying in @Chris Hydrick and @D Haynes as I suspect this could be right up your alley.

@RyanEwen may not yet know it, but he & DNWE could be our best chance yet. If we can find ways to gamify domaining for investors, we could actually start moving product with some regularity while having a little fun in the process.

I believe a sense of scarcity (and reward) drives much of the registrar auctions, raking in hundreds of thousands of dollars in daily domain sales. That’s right — a good portion of those daily Namebio posts are expired domains benefiting only the big guys (GD).

If we, the little people, put our minds together, I really believe this could be great. …Admittedly, I am a bit of a dreamer.

 

[Future Sensors]

If we can find ways to gamify domaining for investors, we could actually start moving product with some regularity while having a little fun in the process.

There's this book "The Domain Game", written by David Kesmodel. The book describes early history of domain investing. It's an interesting read @Molly!

 

[Enry]

Hello everyone, I've noticed that $50 closeouts now last for 2 days. Is this normal?

 

[Molly]

Hello everyone, I've noticed that $50 closeouts now last for 2 days. Is this normal?

Hi Enry. I think you’re right — it looks like it’s now $50 for 48 hours. I haven’t heard it announced as being a deliberate change. It would be interesting to know, @GoDaddy. It would also be interesting to know if any of the other timeframes have changed.

 

[Enry]

Hi Enry. I think you’re right — it looks like it’s now $50 for 48 hours. I haven’t heard it announced as being a deliberate change. It would be interesting to know, @GoDaddy. It would also be interesting to know if any of the other timeframes have changed.

I've checked it and it looks like that has changed only on $50 closeouts.

Would be interesting to know if it's just a bug or if it's gonna be a permanent change.

 

[stevegpan]

Yeah recently I tried to bid on an already high priced domain (SocialPost.com) just for fun and not serious, and I thought someone will overbid me anyway, but as soon as i bid, surprisingly, no one bid again and I won . I ended up having to buy it from GD for a big sum

 

[Molly]

Yeah recently I tried to bid on an already high priced domain (SocialPost.com) just for fun and not serious, and I thought someone will overbid me anyway, but as soon as i bid, surprisingly, no one bid again and I won . I ended up having to buy it from GD for a big sum

Been there, done that. Ended up buying two domains that I didn’t really want. Lesson learned.