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]

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.

lol thanks dordomai the 7 figures was of course "dreamland territory" but I DID mention my "worse case scenarios" and I'm realistically happy with those. even if I break even. at least I took a shot.

if I get Ctrip and AviaSales on board maybe recoup what I've spent on this in the next couple of years thru Affiliate program. and whatever I sell at the end? is cherry.

and like I said I do plan on developing Primorsky.com to the level of Vegas.com or LasVegas.com. I obviously those sold because of the content and business.

I was never under thee impression those sold just on the star power of the Geo itself.

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.

I thought that too. but then after reading some threads on NP about Russian Domain buyers. it's basically "waste of time" to sell to them so when you say "Funny how no Russian Speakers have scooped up this dream domain"

doesn't really surprise me or anyone.

It just means what it means. that historically Russians have never understood the real value of domains much less dotcoms. so why would they go about even thinking that Primorsky.com would be valuable?

as Everything goes to Internet. The Russians and Arabs will eventually come along. So who will buy Primorsky.com. someone who has the patience to wait for the Russians to finally "get it".

mind you thee past owner of Primorsky.com doesn't look to have actively promoted this domain. simply sat on it. Didn't feature it anywhere.

I on thee other hand well. I'm a TALKER. lol so I'll put this out there in due time. I just got it after all.

LasVegas.com and Vegas.com has provided a template to follow. One must merely follow it.

Same as Macau.com did.

How hard of a "sell" would it be to tell Putin. This is what LasVegas.com did and this is what Macau.com did.

This is what you should do with Primorsky.com.

 

[WhoaDomain.com]

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.

actually correction. it's not the new Vegas.

it's the new Macau as Macau is officially the King of Gambling destinations. and Macau is what Putin wants Primorsky to be.

but me personally I'm partial to Monaco's Casino De Monte Carlo (aka 007 Casino Royale).

 

[WhoaDomain.com]

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

I see what you are getting it. and I did consider that. to buy PrimorskyKrai.com. for one. the guy registered it a few months before I got to it. Yikes!! and I contacted him in Hong Kong thinking he might sell it as a domain that was just registered less than 6 months. and already he wanted $15K

I offered $1000 and still didn't want it. Did some background check on the guy and he seems to be a Doctor in Hong Kong who dabbles in Domains. lol

and I can respect his price. after all. he can do whatever he wants. But Primorsky.com reg since 2004? and his registered since 2016?

even though Primorsky is just Maritime by meaning. I'd go with the Aged domain rather than a baby infant domain any day. At least that was always what's been preached by Domain Guru's.

and do more reading and you will see. Industry experts who have been writing articles about this area tend to call it just "Primorsky" some even call it "Primorye" and yes some do call it "Primorsky Krai" especially Wikipedia or whatever. of course those info outlets need to be precise. but if enough outlets call it just Primorsky?

and the reads of these outlets see that? well then? how far fetched would it be that Primorsky as a word by itself no Krai would not take off?

plus we live in a world that's going Mobile. a world of lazy typers. where "short is better".

it's not about proper or slang any more. It's about Ease of use vs. tiny mobile keywords plus the auto suggestions when you start to type words in search engine boxes.

It's a brave new world my friend. Anything is possible now. You are talking about a world that accepts domains like

Flickr.com
Zoosk.com
Tumblr.com

and Primorsky.com isn't even one of those idiotically spelled just to look cool type domains which was available.

It's an EMD for a GEO.

in fact as I mentioned. Primorsky.ru is an official Gov website. why did they not use PrimorskyKrai.ru I wonder? so it's NOT no matter what "I" all it. It's what the Russian Government. Not "ME" calls it.

 

[WhoaDomain.com]

NICELY DONE!!!

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

yea well thanks bro. but we'll see! lol I could still lose my shirt on this! as many on here are already telling me. But it's still too soon to say. only time will time. For now I can play with my new toy. Primorsky.com see where it takes me. I will sign up for CTrip and Elong's affiliate programs and AviaSales both top travel sites in their respective countries.

And pay for a Press Release to get traffic and maybe play with the whole Adwords advertising thing.

Maybe get a Youtube page up for Traffic.

Maybe hire a Video Freelancer in Primorsky and Vladivostok to do some videos cheap and upload to my Youtube.

who knows? maybe Lawrence Ho and Putin can provide me with free content?

Post it on 4.cn

and Sedo.com


feature on both.
maybe not Godaddy as I don't see any potential buyers from China or Europe on there. (I await to be corrected on that)

and other traffic generating stuff.

With respect. I've seen some NP people on here have some wackass Geo domains of obscure places on Earth and everyone pats them on the back for it. Most of these places aren't really "destination sites" yet they are "good investments" and here I come with an EMD for a Geo that's being primed to become the next Macau. and its not a good investment?

I'm not the sharpest tool in the shed by far. but I gotta assume that Lawrence Ho and his team plus all thee other 9 casino operators who bought land in this area are smart or at least have smart people on their teams who are scared to lose their jobs if they screw up.

I'm not smart. So I can't trust me. But I can trust the brains of the people who decided on going for it in Primorsky.

picture a boardroom of people. All stupid? or all drooling at thee opportunity to make money in Primorsky?

I'm not banking on ME I'm banking on those people.

and the first one to jump in? none other than the SON of the King of Macau. Stanley Ho.

if anyone takes issue with Primorsky by itself

then my PrimoryeKrai.com (hand reg) will save me

and the area seems to be called either Primorsky Krai or Primorye Krai or Primorsky or Primorye.

oh and if anyone is interested? PrimorskyKrai.net is available. But I'd wait for the $1.99 special on .net's at dotster or netfirms for that. lol

opps! wait! someone just regged it right now even before posting this. lol Good job!

 

[deez007]

yea well thanks bro. but we'll see! lol I could still lose my shirt on this! as many on here are already telling me. But it's still too soon to say. only time will time. For now I can play with my new toy. Primorsky.com see where it takes me. I will sign up for CTrip and Elong's affiliate programs and AviaSales both top travel sites in their respective countries.

And pay for a Press Release to get traffic and maybe play with the whole Adwords advertising thing.

Maybe get a Youtube page up for Traffic.

Maybe hire a Video Freelancer in Primorsky and Vladivostok to do some videos cheap and upload to my Youtube.

who knows? maybe Lawrence Ho and Putin can provide me with free content?

Post it on 4.cn

and Sedo.com


feature on both.
maybe not Godaddy as I don't see any potential buyers from China or Europe on there. (I await to be corrected on that)

and other traffic generating stuff.

With respect. I've seen some NP people on here have some wackass Geo domains of obscure places on Earth and everyone pats them on the back for it. Most of these places aren't really "destination sites" yet they are "good investments" and here I come with an EMD for a Geo that's being primed to become the next Macau. and its not a good investment?

I'm not the sharpest tool in the shed by far. but I gotta assume that Lawrence Ho and his team plus all thee other 9 casino operators who bought land in this area are smart or at least have smart people on their teams who are scared to lose their jobs if they screw up.

I'm not smart. So I can't trust me. But I can trust the brains of the people who decided on going for it in Primorsky.

picture a boardroom of people. All stupid? or all drooling at thee opportunity to make money in Primorsky?

I'm not banking on ME I'm banking on those people.

and the first one to jump in? none other than the SON of the King of Macau. Stanley Ho.

if anyone takes issue with Primorsky by itself

then my PrimoryeKrai.com (hand reg) will save me

and the area seems to be called either Primorsky Krai or Primorye Krai or Primorsky or Primorye.

oh and if anyone is interested? PrimorskyKrai.net is available. But I'd wait for the $1.99 special on .net's at dotster or netfirms for that. lol

opps! wait! someone just regged it right now even before posting this. lol Good job!

Hhahahahha dude, I have stopped asking peoples options on the forum... (although often you get them even without asking....lol) but it's like you said... Off course it's a gamble and there are no sure things... but you did a lot of research on this and you stood your ground on the negotiations and that was well played indeed. I don't believe you would have invested that much into your first aftermarket purchase without doing your homework properly... really hope it all goes as planned and you make some serious bank with this domain.

 

[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.

 

[WhoaDomain.com]

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.

sorry have to come back here. yes 7 figures is very very very optimistic. I'm not foolish to disagree. but my "target" is the kind of person who publicly rides horse shirtless even though he's the leader of one of the most powerful countries in the world. lol

and this is how he goes to work. lol

couldn't help it!

So to me he's just that kind of person who would believe that showing the world his country paid big bucks for Primorsky.com is good for public perception of Russia and how it does "big things" in a "big way".

Six figures is chump change to a man and a country that spends billions on fighter jets and nuclear submarines.

I know that Putin see's Russian's going to other places other than Russia to Vacation and spend their money there like Thailand or Turkey or Israel or America and I think he wants to turn Russia into a destination hot spot where people from other countries will want to come see.

Sochi is a Good place. As it is a favorite winter destination for Russians for skiing all year round plus it has thee Olympic Village and the F1 Racetrack and events.

But.....Sochi only really targets Russians and maybe some Europeans. The Chinese I doubt would fly across Russia to get to Sochi on thee other side of Russia.

This is why Primorsky is a better bet.

oh and yes! .ru is King is Russia.

yet.....the newly developed Sochi Gambling zone's first Casino? seems to have opted with CasinoSochi.com as it's web address. although granted. very odd. SochiCasino.com resolves to CasinoSochi.ru

I don't know why??

well if the "trend" is CasinoSochi.com? then I'm guessing my CasinoPrimorsky.com is a perfect fit.

again if Primorsky.com is "wrong" then I do have backups.

PrimoryeKrai.com
CasinoPrimorsky.com


and someone picked up PrimorskyCasino.com after it dropped. missed that one!

ok I'm done here. thanks for the input everyone. I'm done defending Primorsky.com. I'll just create a new thread when Primorsky.com sells in a couple of years.

no matter what it sells I won't be ashamed to announce it. Win or lose I'll let you know. Thanks again for participating in this thread. now the hard part work work work. Good Luck to everyone with their own investments.

Thanks.

 

[WhoaDomain.com]

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.

ummm I'm neither Rich nor Poor. definitely am not one who can "lose" anything. in fact I seriously need some "wins" soon. seeing as how "Paris.com" or "NewYork.com" or "California.com ($3 million starting ask)" is way beyond my reach for "investment" it's not really a question of can I afford to lose the investment. it's more like can I afford to pass up on a "potential" once in a lifetime opportunity? perhaps a life changing one?

perhaps I am too optimistic with "big hopes". Agreed. but I did just buy this and still kinda "high" on the idea. and that's what you are "hearing" right now from me. reality I'm sure will sink in in a couple of days.

but for now I'm excited. as I should be.

only time will tell what happens next. You have to be optimistic when you talk about your domains especially on NP because you NEVER KNOW who is LISTENING. I could just be your perfect future buyer for your domain. so in a way it pays to be optimistic even if it sickens people. lol

is it money I'd miss? I mean hey. I'd miss a dollar if I lost it. but my expense for this domain should be covered by my upcoming domain auctions. so it's like this domain was free technically.

It's all about keeping it moving. which I have to do now. Thanks again.

 

[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]

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?

Vladivostok is the closest City to Primorsky that has Airport access.

unless I'm mistaken. all the articles about Primorsky Casinos have no mention of them being built on LAND located in Vladivostok.

Vladivostok is the administrative center of the Primorsky region.

Basically it's the Capital of Primorsky.

but I "get it"
so let me say this.

The Island of New York City is a tourist Destination.
But I do not think there is an airport anywhere on it.

There are two airports though La Guardia and John F. Kennedy. Both of which are in Queens.

If I were I tourist because my plane landed in Queens? Do I assume it's New York City and just walk out the airport and assume it's New York City? or do I pay $35 for a cab to take me to where I really want go and see which is the Island of Manhattan? aka New York City?

The destination is not thee airport the destination is the destination.

There are many examples like this all over the world where thee airport is in another town or province away from the destination "hot spot".


I can pull the same articles that say Primorsky is the "destination" not Vladivostok. Granted Vladivostok is a great place to visit too based on the Trip Advisor reviews but eventually Primorsky the region in which Vladivostok is located will surpass it as a keyword easily. people will "skip" Vladivostok the city for the 30 mile drive to Primorsky.

No one can gamble legally in Vladivostok unless they wanna go to some Siberian Gulag. Only in designated areas ie the areas where land has been already purchased by 9 casinos in Primorsky.


http://siberiantimes.com/business/c...an-surpass-las-vegas-and-even-possibly-macao/
https://news.worldcasinodirectory.c...china-elite-market-from-siberian-casino-43291
https://news.worldcasinodirectory.c...orld-resort-casino-primorsky-krai-russia-9495
http://calvinayre.com/2016/10/24/casino/tigre-de-cristal-remits-8m-to-the-russian-state-coffers/
http://www.ggrasia.com/russias-tigre-de-cristal-phase-2-bill-us500-mln-exec/
http://www.ggrasia.com/russian-operator-plans-to-deal-its-cards-in-primorye/
https://www.forbes.com/sites/muhamm...sia-bear-bullish-on-asia-gaming/#3055287018cf
http://www.cnbc.com/2015/09/13/russia-gambles-on-casino-to-revive-fortunes-of-far-east.html

 

[DzAH]

what does estibot say ?

 

[WhoaDomain.com]

what does estibot say ?

hehe I never bothered! cmon! you know Estibot is as accurate Mr. Magoo at Sniper School. lol

 

[LucidDomains]

Wishing you the best of luck on your long term investment.

 

[WhoaDomain.com]

Wishing you the best of luck on your long term investment.

Thanks Lucid! back at you. My first Aftermarket buy! lol now time to liquidate some domains to cover the cost. lol

 

[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

 

[John0]

The best advice I can give you is to wait.
Ive dealt with Russia mining concerns there. I know how it goes.

Local politicians are probably holding things up with their hands out for "extra" expenses and use inspections as a blocking tactic to get their way. They can add years to an opening date with their carry-on.

If any Russian domaineers are reading this, they know what I mean.

Sierra group and others (allegedly) do this in the states under the umbrella of conservation.

Same thing in my eyes.

So wait and dont panic. Time is on your side.

 

[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.

 

[WhoaDomain.com]

To put things into perspective Tigre De Cristal cost $52-$54 million to build? And to date? Has Grossed $1.32 billion. So Melco definitely has recouped it's investment in less than a year!


And since opening has handed over $8 million in taxes to Russia. Russia really is giving these Casinos the "Keys to the Kingdom" with such cheap taxation on their profits.

More casinos will come.

Below: Putin is Kevin Costner but riding shirtless on a bear. Lol

Fyi. Am connected to several employees from all the casinos currently building casinos in this area. And when I post articles like the one above all of them READ it. So I guess that's a good thing.

I'm pitching this domain at $8,888,888 or 8 eight times! For shock value to break the internet. Like Kim Kardashian's booty did. Lol

$88,888,888

$1 billion for a nuke or supersonic. Stealth jet?
Or
$88,888,888 lucky price for a Geo domain that will showcase your "idea" to the world?

Mr. Putin? I am waiting!

 

[4pm]

i would not recommend investing in Russian / Russia related domains unless 1) you speak Russian natively, 2) know what Russia is not only from wikipedia

i see no much value in the name sorry


*i'm native Russian

 

[WhoaDomain.com]

i would not recommend investing in Russian / Russia related domains unless 1) you speak Russian natively, 2) know what Russia is not only from wikipedia

i see no much value in the name sorry


*i'm native Russian

No apologies needed. Russia so it seems has taken a "liking" to CAPITALISM as of late. Saw a billboard of Rolex once right across from the Kremlin right in full view of anyone standing in Red Square.

That being said. It's understandable that a Russian would not "get it" (with respect) I'm of the belief that Putin isn't really targeting Russians for this "idea" but instead he is targetting the WORLD STAGE. And the Gold Standard in domain extensions is .COM. and many Chinese website use Western character domains despite the fact most Chinese don't speak or read Chinese. Most Chinese would know what Paris.com is all about. I'm sure it wouldn't be too difficult after much news repetition of the name Primorsky as the new gambling destination close to Beijing and Shanghai.

As far as value in the word Primorsky then I'm guessing Primorsky.ru should shutdown now since as you say native Russians would not see value in it?

Yes?

Thanks for the opinion. Such opinions give me a chance to exercise my salespitch skills for Primorsky . Many have already tried to give negativity to my domain and then in the same breath offer to take it off my hands for a schekel or two. Lol

Good luck with that. I'm all in! I'll give it 5 years.

Or maybe we can do an even exchange with Putin for one of these babies!

 

[Recons.Com]

https://auctions.godaddy.com/trpItemListing.aspx?miid=226617351

AggielandTravel.com 21 years old, registered continuously since 1996, available for buy it now of $9 plus renewal at GD closeout )

 

[Haris]

Such opinions give me a chance to exercise my salespitch skills for Primorsky . Many have already tried to give negativity to my domain and then in the same breath offer to take it off my hands for a schekel or two. Lol

Good luck with that. I'm all in! I'll give it 5 years.

Why do you act like that when someone's just trying to help. I don't see anyone offering you anything for this or any of your other domains. Maybe someone offered you a shekel in private, but @4pm certainly did not. Good luck with your investments.

 

[Haris]

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

"Research is not research, if it is not done right." - Haris

 

[Recons.Com]

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

 

[WhoaDomain.com]

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

Haven't heard anything


There was some talk about one new gambling zone being opened up. Some where by the Black Sea.

Tried to handreg and would believe a Russian hand reg it? I wasn't really going to reg it as I don't see potential for it just curious if it was available. I guess Russians do believe in the value of Russian Geo's in dotcom?

Please take a look at what's over at Sochi in king for reference.

@Haris I was writing a long rebuttal but out of respect to a seasoned nper I opted out.

All I will say is. NP threads are public so you MUST defend your domain and don't be a punk. And innocent constructive criticism? There is no "lie detector" test for that is there? On the internet?

Got something negative to say to me in "good faith" as a friend?

Here's an option click my profile and send me a private message. I'll read negativity. ALL DAY BROTHER!

But to post negativity in a public forum under the innocence of "good faith" that gets recorded forever on Google searches ? Now you f***king with money bro! And that's not happening!

It's impossible to verify online, people's intentions with negative "advice or opinion" in public posts.

Sure 4pm's comment could be in good faith but i was raised in the hood and people try that "in good faith" negativity all the time and it's almost never "in good faith".

So wanna help? PM. Tell me my domain sucks! I'll probably agree with you. Let's keep it private.