NameSilo

My Biggest Sale Yet - $24.5k

Labeled as sales in Domain Buying and Selling Discussion, started by NameBuyer.com, Mar 22, 2020

Replies:
96
Views:
10,863

  1. NameBuyer.com

    NameBuyer.com Top Member PRO VIP Gold Account ★★★★★★★★★★

    Posts:
    670
    Likes Received:
    1,315
    I also had the tendency to price most names in the low to mid $x,xxx range. Then my top 2-3% of names I would leave with no price. But the reality is there are not just two types of domains. Seeing a lot of Mike Mann's sales also made me realize there isn't just a Ford or a Lamborghini in terms of domain pricing.

    For this domain, due to the sheer number, I put them all through my NameWorth service (2,000+ domains) then adjusted them up or down depending on what I saw.

    That's a good question about your domain. For "air of credibility" it is a term that most people have heard, but I've found it useful to also envision how it can be used, what buyers there could likely be, and how much those types of buyers typically pay for a domain. You'd have to research the uses of the term, and to me it seems that term would be less likely for business use, but could be used for a book title, movie, or maybe a blog. So you'd have to assess realistic values for each of the possible uses based on the types of buyers.

    Lately I try to only buy domains where the use is either pretty obvious or it has a broad and positive meaning (as with PlanToGrow). For example, I have the domain ASliceAbove(dot)com. The use for something like this is pretty obvious. There are similarly named pizza places. In the past, this domain has also been used for a cake business. The domain to a mom and pop pizza business in a small town might not even be worth $1,750 to some business owners, but to a pizza chain with 10-15 restaurants, it might be worth $10-$20k.

    The video below is one of my favorites as far as helping to shift paradigms, and I've watched it multiple times. It has to do with pricing/value of logo design, but the concepts can be directly applied to domain sales.

     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. NameBuyer.com

    NameBuyer.com Top Member PRO VIP Gold Account ★★★★★★★★★★

    Posts:
    670
    Likes Received:
    1,315
    It seems like this, but it has all happened incrementally. When I had $50k per year in sales, my registrations were $20k or so and that seemed big.

    Last year my registrations were about $55k, but my revenue has been between $125k-$150k per year for the last 5 years or so.
     
  3. NameBuyer.com

    NameBuyer.com Top Member PRO VIP Gold Account ★★★★★★★★★★

    Posts:
    670
    Likes Received:
    1,315
    Over the years I sometimes hand reg names if a business idea comes to me, but for domain investing I've only done auction or expired domains. So if I were to guess, it is likely under 300 hand reg names.

    My favorite hand reg was garett(dot)com. I was the original registrant in 1999, then I let it expire and lucked out by getting it back on a backorder the following year.

    Most months I only buy about 5-10 domains, but there have been points in time where I buy large amounts. For instance, in 2018 I purchased about 1,200 domains in a 2-3 month period.

    If I were to guess my domain count by year it would be something like this.

    1999 - 3
    2003 - 250
    2005 - 450
    2007 - 1,200
    2008 - 2,500
    2014 - 4,200
    2016 - 5,300
    2018 - 6,700
    2019 - 7,000
    2020 - 6,600

    My goal is to build it to over 10,000 domains by 2021.

    I'd say the first 1,000 domains was probably the hardest because it is all self funded. I had a separate online business that was doing well, so I was able to fund the domains out of that business. Once the domain sales start coming in, if you focus on building your names and reinvest most of your money back in, it can grow pretty steadily.
     
    Last edited: Mar 28, 2020
  4. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

    Posts:
    2,654
    Likes Received:
    2,004
    NameBuyer, thanks again for sharing your domain brilliance. I just listened to the video you provided, and it's brilliant as well. I also appreciate your analysis of names like AirofCredibility(dot)com, and ASliceofPizza(.)com.

    I think a lot like you when it comes to the "target" your domain is intended for, ie., the mom and pop pizza business or the pizza chain with 10-15 restaurants.

    That said, you'll find on your "reg of the day" i just registered ProShopFashion(dot)com, and the target audience it's intended for (fashion and apparel) is a 167 Billion dollar industry. My question for you? Why wouldn't you look to market it directly (outbound) to someone like a Fanatics.com or someone in the online apparel business?

    Finally, thanks again for sharing your thoughts and use of NameWorth as a valuation/appraisal tool. I recently upgraded my service with them and would luv to partner with them in some capacity:xf.smile:
     
  5. Winfluence

    Winfluence Account Closed (Disallowed)

    Posts:
    2,199
    Likes Received:
    2,940
    You have a brave, analytical approach and in many ways very safe, because you've made calculated steps over the years, instead of regging 2k names in your first year and complaining on NP that this industry is a hoax or a scam.

    I appreciate your well written replies, helping to inspire those aspiring.
     
  6. DrJacoby

    DrJacoby Established Member

    Posts:
    525
    Likes Received:
    1,006
    Thank you for an excellent video!

    The concept can absolutely be applied to domain names. The problem is knowing the identity of the potential buyer. Figure that out, and you'll definitely make more money.
     
  7. PhongSGC

    PhongSGC Established Member

    Posts:
    1,212
    Likes Received:
    349
    Cool, how long for afternic to verify buyer's payment?
     
  8. Kassey Lee

    Kassey Lee 域名世界 VIP

    Posts:
    1,937
    Likes Received:
    5,764
  9. rumevic

    rumevic Upgraded Member Blue Account

    Posts:
    113
    Likes Received:
    1,477
    NameWorth can give value for .com domains only they say. I have a lot of other extensions domains though :unsure:
     
  10. jamie white

    jamie white Networkun

    Posts:
    858
    Likes Received:
    145
    congrats my friend. Awesome sale!!!
     
  11. jamesall

    jamesall BrandEntrance.com VIP Gold Account

    Posts:
    1,771
    Likes Received:
    1,954
    Congrats on the sale.

    Always great to read these and get insights into what goes on behind the scenes so to speak.
     
  12. NameBuyer.com

    NameBuyer.com Top Member PRO VIP Gold Account ★★★★★★★★★★

    Posts:
    670
    Likes Received:
    1,315
    That was the first notice I got. I believe Afternic typically notifies the seller only after the payment is ready to go.

    A different one I got 4 days ago was the same. The only delay seems to be getting the domain to the Buyers account before releasing the funds to you. Some buyers are faster than others.

    upload_2020-4-5_19-20-46.png
     
    Last edited: Apr 6, 2020
  13. namua

    namua Established Member

    Posts:
    753
    Likes Received:
    23
    Congrats!
    I will thankful to you if give us some tips, your marketing method, domain selection, marketplace listing, holding period etc.
     
  14. karandeep72

    karandeep72 Established Member

    Posts:
    12
    Likes Received:
    0
    congratulations!! cheers
     
  15. Denismth

    Denismth Established Member

    Posts:
    19
    Likes Received:
    1
    Congrats! but how much bought?
     
  16. Arjun Oli

    Arjun Oli BitBank Gold Account

    Posts:
    438
    Likes Received:
    341
    nice sale:xf.smile:
     
  17. Levi Zheng

    Levi Zheng Established Member

    Posts:
    192
    Likes Received:
    67
    ManyCongrats.com for you:xf.wink:
     
  18. Paltzar

    Paltzar Hardware.company

    Posts:
    1,374
    Likes Received:
    138
    congrats
     
  19. DpakH

    DpakH Upgraded Member Blue Account

    Posts:
    296
    Likes Received:
    152
    Congrats
     
  20. khanum00700

    khanum00700 Established Member

    Posts:
    36
    Likes Received:
    9
  21. Rohit kalra

    Rohit kalra Established Member

    Posts:
    61
    Likes Received:
    7
    @NameBuyer.com What's your strategy to make a domain sale. What you prefer outbound or let buyer to make offer that is inbound. I also listed some domains which I purchased in 2019 but none of them sold.
     
  22. VeriName

    VeriName *** Gold Account

    Posts:
    65
    Likes Received:
    60
    Thanks for Sharing
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:
NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...