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Moving Forward

Labeled as opinion in Domain Buying and Selling Discussion, started by Zarkoza, Oct 23, 2020

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  1. Zarkoza

    Zarkoza Established Member

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    I think I understand what I need to do. I've decided that since I most likely have made a lot of domain purchases that are completely worthless at $0 according to some here in the community as a result of relying on automated appraisal tools such as Godaddy's Appraisal Tool ( GAT ) and Estibot, as a beginner, I think in order to work toward making some of my money back within the year of my discount club membership, I have decided to price my domains way below than what I had initially seen on GAT.

    So domains which I had bought for example because their value was estimated at something like $1400 on GAT, I'll probably just set the Buy Now Price to a quarter of what the GAT was. So like my Buy Now will be: $350, My Minimum Offer would be: $87, and then I'd make the Floor Price half of $350: $175, and the Reserve Price half of $175: $43.

    I think in order to make some of the money back that I spent relying on automated Appraisal Bots, that this is the best course of action at the moment. I might also try to get a few of my other domains appraised here on NamePros as well, as there are still some domains in my portfolio that I still think could be priced for a little higher than just $500 maybe.


    And then in the future after having spent a few solid months more time reading through this forum and other forums, I'll be able to go forward making more educated buys.

    If anyone is interested in looking at the 136 domain names in my portfolio while they can, feel free to DM me as there could be something that you think you might want and would be able to sell for a way higher price than what I'm offering. I'm still unsure what my domains are worth exactly, so I'm also open to offers. there may be a few I won't include as I think they could sell for higher.

    Anyway, thanks for reading! Thanks to all that have been helpful and have given advice! And to all the newcomers, just be careful! Learn more. Lol
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Zarkoza

    Zarkoza Established Member

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  3. twiki

    twiki Top Contributor VIP Gold Account

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    Read this post of mine. I think it might be what you need.
     
  4. Zarkoza

    Zarkoza Established Member

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    Oh wow! I just read your post man! I'm DEFINITELY going to try this out! Man, thanks SO much for this! I really appreciate your advice. This is EXACTLY what I needed! I'll let you know if I see any success with this! Wish me luck!

    My domains aren't even 60 days old yet, so I'm not even being pushed to their over 100 partners yet, I think I'm at basic, so it's like 30 or something, but when my domains reach 61 or 62 days I can get them pushed! So I'm going to adjust the pricing according to your suggestions as well as change my pricing on Sedo, DomainAgents and NameLot and see if I can list on other sites as well.
     
  5. lock

    lock DomainUsed.com VIP

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    Slow down a little the actual easy part is buying. The tough part is selling i am going to suggest find niche and shop for that. The idea is for us all to learn here but also be approachable enough so others feel that can still make a wholesale domain offer. Don't buy domains with clearance in mind buy domains your going to back with wallet.
     
  6. Zarkoza

    Zarkoza Established Member

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    Thank you! I will consider this advice moving forward! I think while I'm waiting for the clearance domains to sell, I'll try to figure out a niche that I can buy for in the meantime.

    Thank you for taking the time to respond. I appreciate it. ^^
     
  7. lock

    lock DomainUsed.com VIP

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    Just realize your putting as much effort into selling cheap domains as you are for pricey names so will always be better to try sell best and drop the junk.
     
  8. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    why do you have to bold face and increase font size

    imo...
     
  9. Zarkoza

    Zarkoza Established Member

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    I Bolden to emphasize things. Also front size change was not that big of a difference... Does it bother you or something?
     

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