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.

 

[SoundsGood]

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?

This is the best advice.

 

[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

 

[WhoaDomain.com]

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

lol yea well. if I woulda bought it back then. The story would be oh I got this domain. say the domain.

and then everyone will say it's crap.

and I'm out $2200. the purpose of the thread was to get input and see if after all the naysayers comment I still want it. because if you can't convince the naysayers. or stand your ground on your "future" decision. how can you swallow your own decision realistically?

oh and also save myself some money maybe?


lol. yea I've been told that. too busy to blog.

Thanks 168! same to you.

 

[DU]

isn't asking the customer to pay the sedo escrow fee standard MO in domaining? I read it all the time on here. where "buyer assumes Escrow fee".

what's a good reply to that?

"Ok".

any good replies to something like this that would help my case for a price reduction?

"Here's my offer <insert amount>"

Alternatively you could spend hours on a forum hinting about a 6 month old offer on a domain that is easily "safety net" worth 2-3x what you don't want to spend.

 

[168]

lol yea well. if I woulda bought it back then. The story would be oh I got this domain. say the domain.

and then everyone will say it's crap.

and I'm out $2200. the purpose of the thread was to get input and see if after all the naysayers comment I still want it. because if you can't convince the naysayers. or stand your ground on your "future" decision. how can you swallow your own decision realistically?

oh and also save myself some money maybe?


lol. yea I've been told that. too busy to blog.

Thanks 168! same to you.

If your gut says YES because your gut knows who and how many may have an interest then, just do it!
You should know you would get lots of +/- responses on NP.
For me the only thing that really matters is if I have a list of potential buyers BEFORE I drop a wad of cash on a domain.
Since your so funny, here's a thought, - The China market places have much lower prices and better domains. Check them out.
Happy Hunting

 

[hugegrowth]

If you really think it's a good buy go with your gut. There are lots of cases of domains getting bought and flipped for double or more in short periods of time. It just takes someone to find the value and do it. It could work out well, or not, but you'll get a learning experience out of it either way. Worst case is you can try to sell it down the road for close to what you paid and get your money back. I've sold domains for low to high x,xxx that I know wouldn't sell here for xx or low xxx. You sometimes have to go with your gut and wait for the right buyer to come along. Just make sure you don't overextend yourself financially with this buy (if the money is the difference between paying bills or eating next week, lol).

 

[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

 

[Hootsifer]

well id be careful. That domain ive been trying to sell has similiar worded sold for thousands but not a bite on this one. Use estibot and namebio as guiding metrics but let your heart and inner voice decide. If its too good to be true or feels that way, maybe it is.

 

[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.

 

[Cdomains]

Use estibot

Estibot is almost completely worthless to determine values.

NameBio good for comps, but remember this is just a small fraction of actual sales.

 

[WhoaDomain.com]

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.

I'll close it when this domainer owner finally replies back.

And sells me the domain at a reduction. So there's closure to this thread fair enough. Besides people seem to like giving their input. Which I appreciate bad or good I don't mind.

 

[Cdomains]

I'll close it when this domainer owner finally replies back.

Thank you.

After so much discussion about this it will be interesting to see how this turns out.

Please wait to close this thread so we all can learn from your experience with this.

 

[WhoaDomain.com]

Thank you.

After so much discussion about this it will be interesting to see how this turns out.

Please wait to close this thread so we all can learn from your experience with this.

Everything in life is a learning opportunity even if it ends up FUBAR.

So I'll leave it to NP's choice. Close after domain is bought or after domain is developed ? Or after its resold? About 5-10 years later? Lol

 

[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

 

[rhakim]

It will be quite difficult to comment without knowing the domain. Many people say that Estibot estimation is useless, however the way it estimates includes, Search volume of the word. CPC, length of the domain, age etc. If you say Estobot value is USD 650 , and it is one word brandable, the question, will it be real one word without typo's and is the one word really one word or combination, ie VR + word. Hence my personal opinion without knowing the domain name says that the word does not get much search, low CPC, not short, not old enough to have "traffic".

Second info from you, the seller provided several unsold pricess of similar domains. Unsold pricess will be very difficult to justify a price, since it can be at any range that the seller is willing to accept, however the fact is no one had ever bought it.

Again it depends on you , wether you really think the domain will attract end users in the future. Try to think what business really can be using this name, and how this name can stand out from simillar domain names.

 

[Kingslayer]

For $2200-$3000 you've got feel certain there's potential there to make at least $3k profit for the risk element your putting in and to make it worth your time - So is it a $5k-6k domain (or potential $5k-6k)?

You've also got to think of worst case scenario and worst case is, is it a domain where you think you could easy get your money back on it and break even? That's the main thing i always ask myself when buying big.

If you need a 2nd opinion on the domain feel free to message and I'll give a 2nd opinion if i think you can make money on it or not.

 

[jamaltq]

If you sure that you can liquid it in any time, go for it.

 

[WhoaDomain.com]

It will be quite difficult to comment without knowing the domain. Many people say that Estibot estimation is useless, however the way it estimates includes, Search volume of the word. CPC, length of the domain, age etc. If you say Estobot value is USD 650 , and it is one word brandable, the question, will it be real one word without typo's and is the one word really one word or combination, ie VR + word. Hence my personal opinion without knowing the domain name says that the word does not get much search, low CPC, not short, not old enough to have "traffic".

Second info from you, the seller provided several unsold pricess of similar domains. Unsold pricess will be very difficult to justify a price, since it can be at any range that the seller is willing to accept, however the fact is no one had ever bought it.

Again it depends on you , wether you really think the domain will attract end users in the future. Try to think what business really can be using this name, and how this name can stand out from simillar domain names.

thanks for replying. much appreciated. I have taken Estibot's other data into consideration assuming it's accurate data like all the data at the bottom of a estibot domain appraisal like as you said CPC, search volume etc etc.

to be honest for this domain? I've checked. the CPC, search volume is crap. which I'm going to use as a bargaining chip.

but brings up thee obvious question..

why the hell would you want a domain that has crap search volume and CPC and has everything against it.?

Answer?

The trend I've found albeit obscure. has potential. I think at least. but as they say the GAUGE on whether a trend or niche will become big is when they start to "throw millions if not billions into it".

but even better reason. if a "huge corporation" is relying on this "product" or "keyword" to "save" them and are willing to throw a ton of money at "it" to basically survive.

Kinda like a "hail mary pass".

That's something you can put some faith in. Desperation breeds success. (sometimes) Unless you are lazy. Then it's just pointless.

Think Qualcomm. They sucked for a while and now they are leaders in the mobile industry. Not as well known as Apple or Samsung.

but they have focused on providing the bits and parts for such products as well as other products of other companies. That's where the real money is. the "Behind the scenes" stuff.


I have faith in this "company" will succeed because of the "niche market" it is targetting which is in the billions and because of the fondest of this target market for product or service this niche keyword provides or produces. (apologies again for the vagueness as I really need to quit giving too much info. lol. I feel like one of those characters on Walking Dead who was killed off but can't say nothing. Keeping a secret like that is problematic. you are so itching to tell someone. but you just can't. lol)

anyways.
I plan to create a buzz for this keyword. via Press Releases. which will ...

1. definitely create backlinks. I've checked out press release services and there are some pretty good Press Release service it's not cheap but if I want to make this keyword big I'll have to shell out the cash. about $200.
one Pr service "says" they can blast out a PR to 430K sources. (not sure if that's accurate as have not used them yet but I'll give it a try) So keyword. single word. 430K backlinks (maybe) plus guaranteed Google News pick up . Purchased at $2200 (asking for price reduction)

I was thinking of creating a press release about how this domain bought by my company and developed into what I plan to develop it for in "anticipation" of this trending keyword's future.

As for the seller quoting prices of similar asking or sold prices. I have to correct you. I didn't say that. "I said" I as in ME I said that I've seen comps for a similar type of domain or niche domain that was developed and sold for big bucks. something similar to CancerInsurance.com.

2. Will get the word out that this domain is an option if there are certain parties who are interested to buy. and I might even be like one of those ridiculous people who post a website is for sale for like $1 billion or something. just to get a buzz and "shutdown the internet" lol.

Of course realistically I'm not expecting to get no where near $1 billion. just to get the PR viral.

(another thing. side note. if I do buy this domain. I'm going to request that the purchase be reported to all the news outlets. as part of the deal. like Namebio. Dnpric.es and any other outlet that perhaps YOU can suggest?)

Thanks again for adding your comment. Much appreciated.

Good luck to you.

 

[WhoaDomain.com]

If you sure that you can liquid it in any time, go for it.

to be honest. I make a point in never being "confident sure" because been there done that and got burned. I am confident but I am cautious with everything. and I know it comes off in my posts here that I'm reckless but there's alot more to it.

So to safeguard my investment I plan to do a Press Release to "lock in" the price I pay (whatever it is) for this domain.

as I've mentioned above. I've found a Press Release service that will blast my press release to 430K sources which I think if they all "do follow" which right now I doubt. even if I get 10% of that 430K to give me backlinks. that's still 43K backlinks.

I hear backlinks add value to any domain in most cases ( I await to be corrected).

So if this sale goes to Namebio. as say $2200.

a year later with 43K backlinks from Press Releases and perhaps a mention on Google News plus I have some contacts that can get me on CBS,ABC,CNN,NBC news or even MSN news. ( that will cost over $1K)

it's all an investment.

a $2200 purchase add $300 PR to 430K sources for possible 43K backlinks and (optional) $1750 to get mentioned on CBS,NBC,ABC,CNN,MSN

we're talking close to a $5K investment.

how much can I flip this domain as is?

and what if I develop it?

so the question here is. do Backlinks from high PR sites like article or press release sites and news sites basically PROPER SEO really increase the value of a domain no matter how much it was purchased for?

or is it all just a crap shoot?

so if any potential buyer ever tries to lowball me below my purchase price all I'll say is Google the domain and check it's Alexa or Google or Moz rank. Check the backlinks.

Check MSN,CNBC,CBS ABC Yahoo Finance

check the website. check it's authority.

alot of great domains get reg and sold for 10,000% ROI how much more for an AGED, high rank, a history of a sold price of $2200 an EMD and a one word and a .com?

talking about this like this it's like I've convinced myself to buy this at this price or whatever price I bargain it down to. It really is all about the purchase price now and how low I can get it down to.

with my plan I'm not scared to lose my money so long as I go the extra mile and pay for Press Release.
I really think more Domainers should do it. It's just a wise investment.

I know domain sales exist where domainers bought a domain for cheap from a desperate domainer then flipped it for good profit. but sales like that are a few and far between. out of a hundred. how many domainers really flip a domain they got for cheap in aftermarket or even handreg for double or 10 times their investment?

usually it's a sit and wait game.
but if you do Press Release. it's really the safest (recommended by Google) to get great SEO plus you "lock in" your purchase price.

What buyer can argue with a seller that their domain "sucks" and should accept their lowball offer? when all the seller has to do is show the buyer all the backlinks and mentions the domain has all over the Net?

It's harder to sell a domain you just bought or registered to a total stranger and say I want $1000-$10K for it. when all the buyer has to do is check when you bought it and realize it hasn't been that long.

even if you bought it and held it for 5 years. It's up to the buyer to figure out how much they believe you should be compensated for holding the domain for 5 years. and trust me they always go LOW like I'm doing now actually.

they don't give a sh*t about you.


but backlinks from Press Releases? That's more concrete and undeniable compared to just time.

This domain for example. no alexa rank? or google rank? all this time? none? this domain owner never bothered to pay for Press Release.

So now I can argue that they can't ask for the price they want.

It has no backlinks. so it might as well be a fresh handreg.

There is no difference. because a fresh handreg would have no Alexa rank or google rank or backlinks.

Of course once I purchase it. I will do the Press Release. and since it has AGE? well. That's a win win for me. and a missed opportunity for the seller.

I've seen many buy a domain and not even bother to do Press Releases or develop. just buy and let it sit waiting for the next buyer to unload it for a profit. Many domains you can do this all day long but I wonder how much more they could have gotten if they would have just paid a little more for Press Releases and increase their backlinks??


if anything is wrong above please correct me. I welcome it and appreciate it thanks.

Thanks Jamal for the Comment. Good luck to you friend.

Edit: (I've calculated that this domain is over 10 years old. so about $10-$20 in renewals. so already I'm calculating that the holding cost for the domain owner for this domain is $100-$200.

So how much should this domain owner be compensated for holding this domain for this long? $1000? $2000?

(I just realized thee above recently. Too late since I already gave my initial offer of $1500. Rookie move!)

as someone mentioned on here. I should have started with $500. but I chickened out thinking my offer and email would go to spam. something I do often to offers on my domains. usually low balls.

 

[ddfenton]

Toss a coin?

 

[WhoaDomain.com]

Toss a coin?

lol wish it was that simple.

 

[uglydork]

Make the money!

 

[WhoaDomain.com]

Make the money!

Thanks! will try!
hey what's up UglyDork? any bites yet on Chris.net? did anyone contact you via seeing your domain in my posts on linkedin? anyone?

 

[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.”

 

[WhoaDomain.com]

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.”

everyone's is a comedian!

Actually I'm more partial to Lester Holts Syfy Episode "The Mystery of the Crystal Skulls".

Athough I don't see what the Mystery was all about I found them pretty easy on Namepros. Du? Ecalc?

A pair of Crystal "Skulls" if I ever did see one.

http://movieweb.com/lester-holt-talks-mystery-of-the-crystal-skulls/