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.

 

[WhoaDomain.com]

Update:

Russian Far East casino resort expansion rumbles into life

After a hesitant start, and with Lawrence Ho's Tigre project proving the concept of a Northeast Asian gambling hub, Vladivostok project gains traction.

When workers found ancient dice among a haul of antiquities unearthed at the site of a planned casino resort in Russia’s Far East, many locals saw it as a good omen for the designated gambling zone about 40 kilometers outside the port city of Vladivostok.

Not so lucky for Hong Kong-listed NagaCorp: construction that had begun in 2015 ground to a halt; it took archeologists around six months to clear the site, at a cost of about US$500,000. More seriously, it frustrated the company’s ambitions to transform itself from being the monopoly casino-hotel in Cambodia, Southeast Asia’s third-smallest economy, into an international operator of integrated gambling and tourism resorts.

That milestone is back in sight. The company has now restarted construction on its US$350 million Mayak resort, which is expected to open early in 2019. The first phase will comprise a hotel and casino perched on Russia’s east coast. The 11-story building will have 279 rooms and a 2,000 seat concert hall/theater, while the casino will host an estimated 300 slot machines and 30 gaming tables.

If that proves transformational for Naga, it marks something of a sea change for the Primorye Gaming Zone too: Mayak, with its open-air pool and aqua park, will be the first project there to offer non-gambling entertainment. Mayak’s arrival will also end the effective monopoly of Tigre de Cristal, the casino complex opened in 2015 by Lawrence Ho, son of Macau lynchpin Stanley and a successful tycoon in his own right.

http://www.atimes.com/article/russian-far-east-casino-resort-expansion-rumbles-life/

The "Take Away" from the article above is that Tigre De Cristal since opening last year has Grossed $1.32 billion up from $450 million 6 months prior.

 

[Acroplex]

It's Friday and I'm exceptionally unmotivated to read through 9 pages of posts. Did you end up buying that domain for $2,200 and what was it?

 

[wwwweb]

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.

Yes, if you are only looking for a hard number estimate.

The data is what is key, and bringing it to one screen, helps if you know how to understand it. Along with other extensions registered, along with what has recently sold that is similar in keyword, all of these things help.

 

[alcy]

Yes, if you are only looking for a hard number estimate.

The data is what is key, and bringing it to one screen, helps if you know how to understand it. Along with other extensions registered, along with what has recently sold that is similar in keyword, all of these things help.

yes for sure. there is useful data in there.
but every newer domainer goes to estibot for only one thing. to see the one number domain value. and that is worse than not going there at all.

 

[Robert G]

2200 is a great price no matter what the name is, especially

A similar domain (developed) sold for $30+ million few years back

 

[WhoaDomain.com]

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.

actually did not even look at estibot before even contacting thee owner of the domain in question.

so here's how it went.

read an article somewhere about a niche that billions are being thrown into for development.
this niche has a target market of billions.
I thought hmmm let's see if that domain is taken. it was. that sucked.
let's see what the 2 word domain was asking for?

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.

I'm thinking he read the same articles I did. please he might have some inside track on this niche in particular. not going to say more.

and then again of course the biggest part. a similar domain in a similar niche but was developed ( I admit) sold for over $30+ million.

and similar domains have sold for $1-$2 million.


again to be clear I'm not talking about "Asking" comps.
I'm talking about historical sales comps for similar domains.

should I simply ignore all this?

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.

that's not bad is it?

I wish I could give more details.

 

[WhoaDomain.com]

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.

you maybe right. which is why I did bring him down from $3000 to $2200. to be honest I did leave him "hanging" as I did have the surgery so kinda forgot about it. so I could use that fact that I left him hanging and make him "sweat" a little. ( or not) and maybe ask for a price reduction?

and you may also be right that this owner might make out like a bandit. I've considered that most of all. I mean he did go down $800. makes me wonder. could he have gone down more?

as for "hoping" to make 2-3 times profit. that's actually not my hope. that's my safety net. the "hope" is the six figures maybe even seven if I develop.

but of course some will say I'm a dreamer. and they are probably right.

 

[WhoaDomain.com]

yes for sure. there is useful data in there.
but every newer domainer goes to estibot for only one thing. to see the one number domain value. and that is worse than not going there at all.

I've quit using estibot for serious biz. every now and then it's fun to fantasize. that's when I go to Estibot! lol

 

[tha-she]

Honestly sounds like a speculation investment from reading what you wrote.... dont know if id personally speculate with $2.2k, guess it depends on the name but you dont seem confident... so either drop the idea, or re-ask yourself if you are getting a GOOD deal.

My 2 cents...

 

[Cdomains]

If this name is listed at Sedo chances are other more experienced investors have already passed on it, wisely.

There are so many eyes on the market these days the chance that you have found a real gem that was overlooked is slim.

 

[alcy]

Yeah, because they do not know any better.

It is fun to look at Estibot, but it is not really necessary, and can be dangerous for a newbie if they believe the valuations given.

that's exactrly my point. because they do not know better, every time and everywhere you see the word estibot on np, you should hit reply and say "pay no attention to the domain vlaue it shows".

you will do a lot of people a lot of good if you do that.

cheers

 

[Cdomains]

If this is really a worthwhile domain then the owner has likely had many offers before.

Maybe it is still available because it is not as good as you think.

 

[EmotiveDomains]

When you view this domain in Sedo's sales listings, has it been bid on by other people? One small sign if others have shown an interest in it, though they would have decided the price was too high.

Btw, if the asking price was $3,000, I'd be expecting to get it for way less than $2,200.

 

[Cdomains]

well the problem is the domain has been removed from Sedo so I really don't know

Maybe it was dropped again and picked up by someone else.

If it was dropped, maybe it was not such a good name after all.

This could be a good thing for you.

Maybe you just saved yourself from making a big mistake.

This could be your lucky day!

 

[WhoaDomain.com]

Maybe it was dropped again and picked up by someone else.

If it was dropped, maybe it was not such a good name after all.

This could be a good thing for you.

Maybe you just saved yourself from making a big mistake.

This could be your lucky day!

lol Mr/Ms Silver lining huh? thanks!

We shall see!

oh and it did not drop. either it was sold or they changed whois email.

 

[eurorealtor]

Hopefully you checked trademarkia first.

 

[eurorealtor]

perhaps Realtor will come after you for your profile name?

We had a deal with NAR, I have gave up my TM application for EU online education and they got off my back. They even offered me $x,xxx for my eurorealtors domains, but I just simply dropped them years back.

 

[parkerpeter223]

I believe you shouold take help of estibot and yeah please do some research before taking this big step.

 

[WhoaDomain.com]

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


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.

was going to reply a long winded rebuttal but. it's too exhausting. so........... (clap clap clap) next?

 

[disaac81]

no no they wanted me to pay the 3% Sedo escrow fee

You should have told them that they just lost a $2,200 sale for that attitude

Sellers like that will soon learn to respect domain buyers a bit more.

It works both ways, we always moan about customers not understanding what we do..well how can we moan when we see how sellers treat the buyers sometimes.

Hope it all works out well for you.

 

[Cdomains]

yea well I don't know what it sold for. so I might end up paying more now.

Irrelevant.

Take a look at the sales history for any domain and you will see prices go up and down over time for many reasons.

Just decide what the domain is worth to you and go from there.

If you feel it is a good value and a good investment what difference does it make if you pay more than before?

It could still be a good deal, a good value and a good investment.

 

[420domainer]

It is refreshing to see you finally considering the aftermarket, but to be honest, I don't think you're ready to make 4 figure purchases yet. You might want to get your feet wet with some xx snaps first. I have had countless xxx sales from xx snaps and quite a few x,xxx sales too. Even a xx,xxx sale from a $27 aftermarket purchase.
Good luck Av, keep us in the loop.

 

[domeen]

Have to agree, looking at your signature domains I don`t think you are ready yet. Learn at least 5 years more, better 10, then you are maybe ready.

 

[Silentptnr]

One bit of caution.

1. There is no shortage of cash in domaining. If the deal was a stellar deal, it would already be sold.
2. Single word domains don't sell quickly. Just ask Elliot Silver...he has had words on the market for a while.
3. If you can't afford to sit on it for a while might not be a good idea.
4. What could you do with the 2k on more liquid domains?

Make sure it's not a typo.

 

[168]

Dude,
This thread is about a domain you wanted 5 months ago, didn't buy, looking for it now, don't know if it sold, think you can still get a deal from a new owner, nah, your not ready for big aftermarket buys.
Not a very good use of everyone's time.
Your really good at blogging. Maybe try some .blog domains?
Wish you the best.
Happy Hunting