opinion My first BIG aftermarket Buy. Should I go for it?

[WhoaDomain.com]

Hello NP,

This should be in the Pre-Purchase appraisals but I figured since I'm not mentioning the domain it's not the right "fit" for that thread. I'm sure mods will put it in the right "spot".

Anyways.

I like starting threads that get people talking (as you can tell)
So I have a chance to buy an AGED domain (To be announced later if I buy)
It's been registered since 2004. The "ask" was $3000. I bargained it down to $2200.
plus it's a single word domain.Brandable too.

I wanted the deal to be done thru Escrow.com but this person seems to want to go thru Sedo and wants me to pay the 3% sales tax. (should I question this?)

just on age alone is $2200 a fair price for a domain regged since 2004 but has 1 drop?

now here's the kicker. A similar domain (developed) sold for $30+ million few years back. (I won't tell)

(but I bet you all will start to do some research to figure out what that domain is right now just for fun.)

so back to my question. is $2200 a good price all things considered?

It's a big move for me doing this.

worse case scenario realistically this single word domain is 7 times cheaper than thee ask price of a similar domain that's a 2 word domain.($15K)

So I could sell quickly maybe to that 2 word domain owner for a quick flip. or prepay for 10-20 years renewal and wait for that "retirement money" lol?

yea yea I'm a dreamer but I really did my homework on this one. I wish I could spill the beans but to protect myself I rather keep quiet.

 

[000]

Should I go for it?

It's a big move for me doing this.

From the info you've provided...... no, absolutely not.

It doesn't sound like you understand the complexities of the industry well enough to be making substantial purchases of this nature.

Estibot values are irrelevant, asking prices are irrelevant, domain age is nearly irrelevant, etc... these are things you need to understand thoroughly prior to shelling out $x,xxx for a single investment.

 

[alcy]

Just because someone has an ask on the domain of $15k doesn't make it worth it.

What does estibot say about it?

yes but same goes for estibot. it's a worthless piece of junk.

 

[hookbox]

$2,200 seems low for a one word domain unless it's a fairly long word that doesn't have a ton of possible uses.

How many extensions regged in?
How many letters?
Any of the other extensions for sale and how much?
Any other existing businesses on the other extensions?
How many .coms regged using this particular word as the prefix and suffix? Check ZFbot.
Trademarks using word?
How many possible users on the first few pages of Google when searching this word?
Ads for the word?
When was the last time Whois changed?

These are a few things I would look at.

 

[WhoaDomain.com]

oh lol I forgot to come back here. Well I was going to wait till it was in my registrar account but.....??


Primorsky.com

There you go!

I had posted about Primorsky Krai before on NP. Someone already figured it out and told me lol. There is honor on NP. He didn't say anything publicly.

9 casinos have purchased land in the Primorsky Krai gambling zone.

It is targeting a customer base of China, Russia, Korea, and Japan.

Primorsky Krai opens up to the sea of Japan.


Macau beat Las Vegas 9 times over in yearly profits because it's mainarket was China.

Macau did very well because of money launderers bringing in hundreds of billions CHINA money into Macau.

As soon as China cracked down on this finally Macau profits went down 47% in just two months from crackdown.

Enter Putin's Russia desperate to boost his country's economy.

His solution is to crackdown on illegal gambling houses in Russia and designating specific zones for gambling. Tax casinos would bring revenue.

First casino in Primorsky Krai was Tigre de Cristal which has fully remitted $8 in taxes last year to Russia.

It is owned by Lawrence Ho the son of Stanley Ho the man who started Macau gambling hub. His son seems to have the "golden touch" and Tigre de Cristal is his baby.

This was only phase 1 of Tigre de Cristal which cost $50 million. It was booked solid at opening for the next 2 years.

Vladivosto airport(30 mimutes from Primorsky) is 1 hour 45 minutes away from Beijing same distance as Macau but Macau is no longer good for the gambler who wants to gamble away from the eyes of China . So where is closest place to gamble where you get and easy 7 day visa and tax free on your winnings ? Primorsky!

By the way.
Tigre de Cristal Phase 2 will cost $900+ million.

A Russian company is also building a casino in this area. Cost? $900+ million.

A Cambodian company is also building a casino there. Cost? $500+ million.


And that's just three companies. And as I mentioned there are still 6 other casinos planned.
Cost? Not submitted yet.

Sochi another gambling area in Russia recently opened its first casino.

SochiCasino.com

So.......As I've asked many before.

What do you do when you find out that Las Vegas is being built?

You register Vegas.com and LasVegas.com

Vegas.com sold $35 million
Las Vegas.com sold $90 million (with website)

Will be holding to this for a while and prerenewing it for next 9 years as little nest egg.

Wish my luck guys!

Meantime will contact the top travel online companies in both China (ctrip) and Russia (aviasales) and sign up for their affiliate programs and develop the site and pay for a press release so the domain pays for itself while I wait for a buyer.

Can't wait for the negativity! Lol

 

[000]

You seem determined, so I don't know why you asked in the first place.

But to gamble $2xxx in hopes of someday making 2-3x profit is neither a wise move nor a sustainable business model.

There's a reason it's sitting unsold on Sedo. It seems to me that if you make this purchase, the current owner will be the only winner in this situation.

 

[Cdomains]

No real answer can be given without knowing the name.

Being an old name means nothing.

It amazes me that people still think this is a big factor in the worth of a name.

There are plenty of 20 year old sh*t domains.

There is no NP member here that can answer this question for you not knowing what the name is.

Forget Estibot and the age.

The only thing that will help you is a lot of experience.

If you have been at this long enough and studied and lived this day in and day out you will have an intuitive sense of the value.

Add to that some careful research and you will know what to do.

 

[hookbox]

I just randomly chose the word "strenuous" to type into Estibot to see their valuation. They give it a $17,000 estimate and it sold on Sedo in 2012 for $688. Most people can't spell it and don't even know what the word means. I can't imagine anyone ever paying anywhere near $17,000 for this word. Estibot is full of shit. imo..

 

[Kate]

this niche can use either the single word or the 2 word domain. The 2 word domain for this niche the guy flat out asked $15 and nothing lower. I even tested a fake offer of $12K and still did not budget. mind you he just reg it less than a year.

You're making fake offers ?

but like I said worse case scenario. I can sell this domain (once I announce it's sale to Namebio) for sure at least 100%- maybe 300% profit.

If you are so sure, then buy it.

I have just one question: how many domain names have you sold so far and for how much ?
Before buying expensive domains you should have a track record of sales, even modest sales. At least you've got the proof of concept and once you're getting it, you can scale up.

Also have an exit plan. If the name doesn't sell, could you use it ?

 

[alcy]

This person is attempting to put a hard value on a domain, they are using unsold comparables with listed prices as a guide. This is like walking into a pawn shop, and saying well this is listed for $1M on ebay, but has it sold, is their an established product, or market behind it?

If this is a sedo listing, then I sort of doubt the claims of the valuation, if it is listed for a $3K ask, coming off $800 is hardly a negotiation.

This is the same person who balked at people when they said delete your realtor domains, then all the sudden gets a c&d, so I don't know how much of their assumptions are correct.

yes. I do not deny these things.
however, I really just wanted to make the point that looking at estibot value for this domain.. or any domain.. will get him to absolutely nowhere.

you know it.. I know it.. but its important to let people who started to domain yesterday or today know about it.

cheers.

 

[ecalc]

... I have some contacts that can get me on CBS,ABC,CNN,NBC news or even MSN news...

NEW YORK, January 15, 2018 (AP) -- From NBC News world headquarters in New York, this is NBC Nightly News with Lester Holt. “Good evening. Moments ago Russian troops abducted a herd of livestock in the Northwest Territory of Canada. But first, our lead story. The domain name bigaftermarketbuy.com is for sale. Interested parties should contact user Avtar629 at namepros.com. And that will do it for us tonight on a Monday. I’m Lester Holt, for all of us at NBC news, thank you for watching and good night.”

 

[Jeff Weller]

Hello Avtar629,
We haven't met since our interests on this forum differ - but I can give you a slight analogy to some of the advice you've received as to weighing your gut feeling vs greed. The key to this decision is absolute objectivity - in other words making an adult decision based upon logic - to the degree that is possible with an investment that is so multi-faceted. Your acknowledgement that it could take decades to cash out is probably the best thing you have in your favor - you realize that this domain may have liquidity but not big money liquidity. In the end - only you have to live with your decision.
My analogy...we own expertspredict/dot/com expertprediction/dot/com and another derivation. In 2014 ExpertAdvisor/dot/com (not ours) sold for $28K. I immediately thought - I could use $28K and one of ours is least as good. 536K Google searches for "experts + predict", 50K searches for "expert + prediction" while the one that sold only has 418K searches for "expert + advisor". That was my down and dirty 1 metric to justify in my mind that our domains were worth $##,###. Well I was wrong. Fast forward a few years and we've never seen on offer on either and the asking prices are $5-$10K. A little deeper checking (done by a broker) pointed out a least one of the flaws in my deluded logic. An adwords search returns millions of monthly searches for "expert advisor" truncated down to "EA". There are comparatively few searches for "expert(s) + predict(ion)".
In my case it was easy to convince myself of a value that didn't exist.
Hopefully you're more objective than I was.
Good luck - I expect by now you've already made the call.
Jeff

 

[hugegrowth]

There is a good chance many people will refer to the area as just Primorsky, and drop the Krai. Like just saying Vegas.

This is a good example of a word that could have value created due to a change in circumstamces. How many knew that cloud or app would take on new meanings back in 2000? Things change which is one way you can still benfit from domains today if you follow coming trends. For $1400 its a reasonable risk if the area gets developped for casinos and resorts. Same happened with Macau and Cotai domains years ago. Look what Macau.com sold for. This region in Russia is close to large populations with many Russian, Chinese and Japanese high rollers, could easily match or surpass Vegas revenues in a short time.

 

[MapleDots]

To anyone else in a similar position to the OP

I only have one piece of advice here....

Regardless how good the domain is, or is not, ask yourself this...

Can I afford to lose the investment, or tie it up for a number of years?
If the answer is yes then go ahead and buy, if not then stay in your comfort zone.

I have seen a lot of people buy a big domain, with big hopes, only to resell it a year later at a staggering loss because they needed the money.

 

[wwwweb]

Hello NP,

This should be in the Pre-Purchase appraisals but I figured since I'm not mentioning the domain it's not the right "fit" for that thread. I'm sure mods will put it in the right "spot".

Anyways.

I like starting threads that get people talking (as you can tell)
So I have a chance to buy an AGED domain (To be announced later if I buy)
It's been registered since 2004. The "ask" was $3000. I bargained it down to $2200.
plus it's a single word domain.Brandable too.

I wanted the deal to be done thru Escrow.com but this person seems to want to go thru Sedo and wants me to pay the 3% sales tax. (should I question this?)

just on age alone is $2200 a fair price for a domain regged since 2004 but has 1 drop?

now here's the kicker. A similar domain (developed) sold for $30+ million few years back. (I won't tell)

(but I bet you all will start to do some research to figure out what that domain is right now just for fun.)

so back to my question. is $2200 a good price all things considered?

It's a big move for me doing this.

worse case scenario realistically this single word domain is 7 times cheaper than thee ask price of a similar domain that's a 2 word domain.($15K)

So I could sell quickly maybe to that 2 word domain owner for a quick flip. or prepay for 10-20 years renewal and wait for that "retirement money" lol?

yea yea I'm a dreamer but I really did my homework on this one. I wish I could spill the beans but to protect myself I rather keep quiet.

Just because someone has an ask on the domain of $15k doesn't make it worth it.

What does estibot say about it?

 

[dordomai]

no one can tell you from the information you provided. Can you come up with a list of similar sales on the reseller market? Is yours underpriced or overpriced compared to these?

If in doubt maybe stick to smaller amounts, $500 when making a gamble. If it doesn't go well you will at least not have lost that much. Good luck!

 

[BlueprintMedia]

Hi,
Go with your gut feeling!
But also don't let greed affect your decision.
You can always use that money to reinvest on more domain(s).
Either way, domaining is a big gamble, you lose some, you win some.
Ask yourself, will I win on this sale? Will it be a good ROI?

But, at the end of the day, is your domain and you can do as you please.
Last time I checked, there is no instruction manual on how to be a domainer.
I think!
Anyways, You learn as you go in this biz...

 

[Cdomains]

Estibot is full of sh*t. imo

Yes it is and it blows my mind that even more experienced investors still use this for valuations.

 

[usernamex]

@Avtar629 - you would be better off PMing the name to a handful of select knowledgable trusted members (NOT me).

Without the actual name, no advice is correct.

 

[usernamex]

after 5 months very easy to go back with lower offer IMO, but if you were gonna do that woulda been better in initial email

 

[DU]

9 definite endusers who could benefit with an "exact match" domain. this is not a brandable but an EMD single word. these endusers are pumping billions into this keyword.

Exact Match Domain.
Single word.
Billions spent on keyword.
Domain available sale under $3k {well it was 6 months ago}
LMFAO.

I could develop it. easy enough to develop.

LMFAO. Seriously.

Please, as a service to everyone, change your avatar.
Domaining like a Boss.
LMFAO.

There are four basic types of poker players - regular amateurs, the ones that lose and don't care (whales), the ones that are semi-pro/basic pro, and the professionals.:

The first gamble and lose some within a budget and general play within their own circle at the low stakes table.
The second gamble and lose some and win some. They don't care because they can afford it at the high stakes table.
The third have superior knowledge: know when to hold 'em and when to fold 'em. They look to beat the second groups and make a living.
The fourth have superior knowledge and money to cover any and all risk... they beat the second group all day long... they beat the third group because they don't carry the risk burden.

Realistically? You're in the first group aspiring to the third group after playing 10 low stake hands hoping to win a pot on a flop that was checked on 6 months ago.

 

[gilescoley]

Is all this research really necessary, he was just asking a simple question? He obviously didn't want to mention the name for his own reasons?

 

[imadoer]

1. You can't expect the crowd to tell you to buy a name or not if they can't see it.
2. Go with your gut.
3. Sometimes you need to grab your balls.

Can you sell this name for what you paid for it fast? or will you struggle seeking your money back?? If u can get your money back fast at auction it's worth buying imo

 

[BrandChimp]

the fact that you are questioning yourself is a red flag.

IMO, it means that you are not ready and that you need to have a better understanding of the domain market.

Don't rush, you should know when it is the right thing to do.

I have bought many :aged: domains under $40
A developed domain = business value + domain value
A similar domain can also be a really bad domain.

 

[promo]

Let me play the devils advocate for a bit.

According to wikipedia:

Primorsky Krai (Russian: Примо́рский край, tr. Primorsky kray; IPA: [prʲɪˈmorskʲɪj kraj]), informally known as Primorye (Примо́рье, IPA: [prʲɪˈmorʲjɪ]), is the Russian name for a province of Russia. Primorsky means "maritime" in Russian, so in English translation it is known as the Maritime Province or Maritime Territory.

So basically you bought the non Cyrillic version of the Russian word for "maritime". I do not see how owning "Maritime.com" relates to owning "MaritimeProvince.com" It would seem the first related to navigating the sea and the second to a geographical region.

I only read the last two pages of this thread. But in them you said it all yourself and frankly I think you needed to listen to your own reason:

1. this domain has 1 drop.
2. zero offers in 12 years.
3. zero Alexa rank
4. ppc (low competition)
5. 4 visitors per month.
6. zero backlinks
7. no historical sales whatsoever with this keyword in his domain listed on Namebio.