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.

 

[Recons.Com]

I own ulanude.com, a city of 430 000 in Russia ) Any casinos planned there?

 

[wwwweb]

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

You have to know what information to extract from it, and what information to exclude.

When you are on the fence, it can help at times.

 

[alcy]

I'm all for extraction... but i meant the value part.. I guess op wants to know about price and value.

 

[wwwweb]

I'm all for extraction... but i meant the value part.. I guess op wants to know about price and value.

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.

 

[Cdomains]

Better to study past sales and current trends to see what has sold and try to see if it is a good investment for the future.

Use past sales as comparables for the value.

 

[000]

OK, I changed my mind.

Buy it and learn the lesson the hard way, since you don't seem to be learning much through input from those who have far more experience than you.

In the end, wasting a couple grand now may be better for you than slowly wasting even more over the next however many years that you continue basing your investments on impractical dreams.

 

[disaac81]

Just a point, you said based on the age, the price seems ok. Age has nothing to do with value imo. Some domains are aged 20+ years but dropped often as they have no real use for an end-user/startup.

Brand names are always difficult to assess, and given we do not know the name, we cannot tell it;s potential branding value for you, or for resale.

Good luck with it anyway if you do go ahead.

 

[WhoaDomain.com]

My advice is to take a breather and don't rush and buy it.

Sleep on it tonight and it will be clearer tomorrow.

Don't make an expensive mistake by acting too quickly.

actually. it's not something I've "just thought off" this has been on going for about 6 months now. had plenty of chances to "Back out" and get a "clear head".

despite everyone's kind advice I think I'm going to take the plunge on it. and you can all say "I told you so" if this all goes "egg on my face". it will be a good laugh for sure. might make for good fodder on James Illes posts? lol Thanks again everyone! much appreciated. you can keep posting if you like. I don't mind I'll reply still. let you all know once the domain is transferred. Cross my fingers.

 

[WhoaDomain.com]

so just sent the guy a reply after 5 months. lol. I await his reply. I am considering asking for a price reduction. is that unprofessional to do after already agreeing on $2200? how would one go about it?

I mean you guys on here made some good points about age and that it hasn't been purchased all this time. Points I made early on in the negotiations.

and then there is that 1 DROP.

 

[gilescoley]

Yeah, I just think he didnt mention it for a reason, people should probably let others do their own research if they really want to find out out, rather than posting it on the public forum, especially if other people have a look and try and buy the name, thats all

 

[disaac81]

so just sent the guy a reply after 5 months. lol. I await his reply. I am considering asking for a price reduction. is that unprofessional to do after already agreeing on $2200? how would one go about it?

I mean you guys on here made some good points about age and that it hasn't been purchased all this time. Points I made early on in the negotiations.

and then there is that 1 DROP.

You mentioned before that the seller wanted you to pay the 3% tax? Only in this industry could a seller be so non-customer focused!

Strange industry this is...really.

 

[Cdomains]

I really think it's sold to someone else as the email is not the same now.

If it is a new owner; ask if they want to sell it.

You could get a good deal from the new owner.

 

[decode]

PM a few people you trust on here the actual name to get a real opinion. Otherwise everyone is just guessing. I would be happy to take a look for you.
Is it a correctly spelled one word .com?

 

[wwwweb]

Please close this thread, time after time, without knowing the name this is a waste of everyone's time.

You can have a domain with a VR ending worth 0, or you can have a domain with a VR ending worth thousands.

Please stop the madness. Unless we know the specifics, we could be searching for better domains to register for ourselves. This is a moot topic.

 

[james haw]

I think this is my ticket really.

I could be way off the mark, but saying that above sounds so much like someone trying to make huge money on one or very few domain names - "this is my ticket". It's so rare though. Like people win the lottery, someone has to right? Yes, but millions also have to lose

The very best thing you can do is PM a couple of decent members and ask for feedback on the name in question. Given it's sat for 5 months without a sale, I'd warrant it's a domain that should be bought for $300 to $500 and flipped for high 3 figures or low 4 figures. Really guessing here but given it's sat gathering dust, I'd bet you are paying end user prices, which is entirely no good for an investor wanting to make a profit.

It has sat there on Sedo for months, and if you buy it to make a profit you'd have to also list it, but now at a higher price. Why would it suddenly sell at a higher price? It might, sure this is how people make investments, but then you would already know if $2k is an investment or not

There are tens/hundreds of thousands of domains on Sedo and others which are marked at $2K and over, doesn't necessarily represent their true value, or even close, either way.



-----------------------------------------------------

NO-ONE CAN TELL YOU
As has been said, but I cannot re-iterate it enough, it is impossible for anyone to advise you on a purchase of that price without knowing the name. Not even the niche or anything other than the exact name will do.
ie is it "security.com" or "TheSecurity.com"? Mega difference between those two names.

"similar" is 99% of the time not similar. Casinoo.com is not worth 50K because casino.com is worth 5mil+...etc
So imagine the domain you were buying was something like "casino.com", you think it's similar, so would be worth tons of money, but what is similar to casino.com?


AGED
"just on age alone is $2200 a fair price for a domain regged since 2004" - No.

Is "ICantFartBecauseIHaveNoArsehole.com" worth money because it was regged in 1990?

A name being aged does not make it valuable alone. An already valuable name can possibly be worth more if it's aged, but it entirely depends on the name, and usually it doesn't matter.

(hype aside of course, which can raise prices unnaturally - because everyone says a 20year old name is worth 4 figures others buy based on that...)

SUMMARY
The very fact that you need to ask in a forum if you should invest in a $2k name means no you should not. Stick to $300 and under, and learn at a lower level with less risk. If you buy at $300 and flip for high 3 figures or low 4 figures, then you'll make good money
You'll also be able to invest your $2k in 6 or 7 names and lessen your risk of losing it all in one chance. Sur eyou can easily lose it in 7 names as much as 1, but if you buy wisely then you have more chance of at least one or two of them being worth enough to cover your investment, or more.

I'm not even saying I know more than you about what makes a name valuable or potentially desirable to businesses, but importantly I do know and recognise when I don't know something. So I back off until I do know enough to be confident at the very least of what the risk involves. But you don't seem to even really know the risk, because you don't know if it's worth the investment.

This is not a risky investment, it's not even a gamble, it's a blind stab in the dark. Yes the name could be worth 5 figures, but you don't know that so cannot risk it

Good luck though man, whatever choice you make just make sure you are happy with that choice, even if it means losing a ton

 

[Aspiring Billionaire]

Congrats @Avtar629!

Best of luck, and try not to cave in to offers lower than what you'd be happy with. Based on your info, it's bound to receive lots of offers over the next decade+, and Asia has some serious domain investors with deep pockets. The DN was destined to be yours, so set an outrageously high price in your mind - and stick to it .

An admirable move, well done!

 

[usernamex]

9 casinos have purchased land in the Primorsky Krai gambling zone.
. . .
Will be holding to this for a while and prerenewing it for next 9 years as little nest egg.
. . .
Can't wait for the negativity! Lol

Congratulations @Avtar629 - I like the name and your plan surrounding it. Really, don't see much anyone can give you negativity about. Most likely you could sell sooner and recover your costs if you ran into the need for liquidation, and if you can hold and let it appreciate as the area gains traction, it would look like a positive gain long term.

My only suggestion is wait out your 60 days, then transfer to a solid registrar like Epik where they have extra security, plus you can ask for multi-year renewal discount.

 

[autobot]

No final cost with fees came out to $1400

I admire the amount of research you put in before buying this name. Wish you the best!

 

[promo]

Yeah but my point is that no matter how many times YOU call that place "primorsky" wont change the fact that is called "Primorsky Krai". Primorsky already means something. It means Maritime. Good luck starting a new slang term though, I would start at urbandictionary.com

 

[deez007]

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

NICELY DONE!!!

well played... kudos to you dude... Respect!!

 

[MasterOfMyDomains]

I have spent 15 minutes researching this name, trying to find anything to devalue it. Sorry, it just keeps looking better

 

[promo]

So much enthusiasm from people from all over the world. Funny how no Russian speakers have scooped up this dream of a name or made any sort of offer on it.

The new "Vegas" huh.

Anything is possible. I could spontaneously turn into a frying pan. Its just not bloody likely.

 

[dordomai]

http://primorsky.ru/ (official site of primorsky krai)

I think even best-case scenario 7 figures is too optimistic. I think macao.com or macau.com? sold for 6 figures.

Vegas.com, LasVegas.com had a very profitable business on the domain.

.ru is king in Russia.

I have seen worse ideas, if this becomes a hot destination could have some value I would guess.

 

[dordomai]

your name is the region name the city name is Vladivostok

https://www.theguardian.com/cities/2015/dec/18/vladivostok-new-super-casinos-rejuvenate-the-city

what would be the best destination name?

 

[WhoaDomain.com]

Thought I'd follow up with some news.

http://www.atimes.com/article/russia-eases-visas-lure

https://en.crimerussia.com/corruption/vladivostok-senior-policeman-detained-for-covering-up-casinos/

This one doesn't fill me with hope but who knows ?

https://calvinayre.com/2017/04/11/casino/royal-time-group-court-primorye-casino-delays/

https://news.worldcasinodirectory.c...-illegal-operations-harm-their-business-44778

If I crash and burn you guys have a front seat ! Lol