New to domain flipping. What's a good price for my domain?

Discussion in 'Domain Beginners' started by in2u, Jan 3, 2017.

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  1. in2u

    in2u New Member

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    Hi, so I finished reading an article on domain flipping and thought I'd give it a try. I know I probably rushed into this, but it's okay since I'm viewing this as a learning experience.

    So what I did was I went on JustDropped.com and found a domain (GanjaHit.com) for $70 and bought that. I'm still waiting for the email, but once that comes in I am going to get someone to design a logo and probably post it on some of those sites that sell the domain for you and take a cut. My question is what is your process on deciding a selling price for domains? I think this domain is worth like $300, is that a fair price?

    Thank you in advance

    Edit: Before buying, I went on Moz.com and made sure there were no backlinks or a spam score.
     
    Last edited: Jan 3, 2017
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  2. Silentptnr

    Silentptnr PRYCR.COM Business Account VIP

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    Well sounds like you've already answered your question. Being that you've read an article about domaining, you're pretty set. Just kidding.

    I would look at actual data to establish a real value for your domain. You might start with similar sales reported on Namebio.com or DNPric.es . Anyway, glad you took action and started domaining!

    You will learn alot reading in this forum. I promise you this, a year from now when you look back at what you register today, you'll probably laugh.

    Best of luck!
     
  3. in2u

    in2u New Member

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    Oh wow, thank you for those links, it gave me a lot of perspective.

    Ganjalounge.com is $498.00
    Gajainc.com is $2090.00

    I think GanjaHit.com can easily be $2000-$5000, or am I overestimating the domain?

    And yeah I plan to learn as much as possible! And again, thank you!
     
  4. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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    I think you are overestimating.

    You need to read through this site for a few months before regging any names. Reading a book on domain selling will be very limited, you will gain a lot more knowledge from this site that any book.

    Dont look at 2 previous Ganja sales and think yours will sell for that, it doesnt work like that, they got lucky and happened to have the 2 words that someone wanted.

    The 2 names you mentioned were registered in 2008 and 2010 and only sold in the last couple of years so the chances are the sellers had to wait between 5-8 years before they sold, so there is a lot of patience involved in domaining.

    Read through this section

    https://www.namepros.com/forums/domain-beginners.25/
     
  5. goffee

    goffee Established Member

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    Domain flipping is not that easy. If it was that easy then I should be a millionaire by now. Learn the basics, have some knowledge and start with a small sale and you will gradually end in big one. If you want 2k-5k then you have to sit back and wait for the buyer.
     
  6. wwwweb

    wwwweb Top Member VIP

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    Wow $2-5K, who is your end user, some unemployed toker who lives at home?

    The person who sold you the domain for $70 made all the money this domain is going to make.
     
  7. in2u

    in2u New Member

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    I figure that with the legalization of weed in more and more states, a lot of dispensaries will pop up and some may enjoy like the name and be willing to pay some good money for it..
     
  8. Silentptnr

    Silentptnr PRYCR.COM Business Account VIP

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    With all the marijuana industry growth, maybe your domain could be GanjahIT.com. All those pot shops have computers I'm sure. :)

    By the way, GanjaIT has been regged since 2014.
     
    Last edited: Jan 3, 2017
  9. in2u

    in2u New Member

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    Yeah could be
     
  10. gilescoley

    gilescoley Top Member PRO VIP ★★★★★★★★★★

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  11. in2u

    in2u New Member

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    I've read some posts on people's opinions on pricing on different domains related to weed, and I am sure this domain can sell for $200-400. Definitely not $2000 since it is illegal, but I feel confident in this domain in general.
     
  12. wwwweb

    wwwweb Top Member VIP

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    Ok, who have you identified as your target buyer of this domain, what user is going to pay $xxx, to build it out for what purpose?
     
  13. in2u

    in2u New Member

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    I would say a dispensary, but it could also be used in a blog or general website on weed
     
  14. frank-germany

    frank-germany Business Member Business Account VIP

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    you just bought the domain from a domainer
    who is not stupid at all

    so better you think of :
    you overpaid on that domain for now
     
  15. Silentptnr

    Silentptnr PRYCR.COM Business Account VIP

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    I would say that you might get a couple hundred from the right end user. You should make some phone calls.

    I wouldnt do the logo if it will cost you more money. Leave that to the imagination of the buyer.. You could offer a logo to the buyer as a perk.

    Definitely you will need to do some outbound for an end user.
     
  16. Cdomains

    Cdomains Active Member VIP

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    Another newbie rushing to reg crap domains.

    As we always say to newbies, study this forum for a few months before you waste your $.

    Learn before you spend.
     
  17. Ross Murray

    Ross Murray Account Auto-Closed

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    Being a newbie, first you should read this forum regularly and start by very small investments. After getting enough confidence, you can go for better domains.
     
  18. biggie

    biggie Top Member VIP ★★★★★★★★★★

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    luckily you weren't reading an article on how to be a veterinarian and started practicing on your neighbors' dog.

    :)

    it ain't as simple as reading an article.
    especially when anybody can write one, where no history or experience is required in buying or selling domain names.

    keep reading and Good Luck! :)


    imo...
     

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