discuss No Sales?! I Regret the Rejected Offers!

[New.Life]

Probably every month, there are new topics here about "no sales".
Sales are really not as many as we would like! That's true!

Although I sold 30 out of my ~300 domain in 12 months,
(I do not include recent sales here, 3 domains for $30K)

https://www.namepros.com/threads/my-domain-name-sales-for-the-last-12-months.1353901/

These are not the huge numbers that everyone dreams of!

I regret... I regret the rejected $2,000 offers for average domains (all new gtld).

In the early days of "new domains" (new gTLDs) from 2016 to 2019,
there were a lot more $2K offers from the real buyers than there are now.
Many thanks to Uniregistry!!! ...and they had a $2K minimum offer by default.

Over the years (2016-2019), I have turned down $2K offers for over 50 domains,
for which I never received another single offer after that, or at least similar offer.
I even dropped some of them.

Starting from this:

https://onlinedomain.com/2016/10/21...owner-refuses-2000-offer-buyer-goes-com-2100/

FYI, this domain is now available!

I dreamed Big!
But I learned from my mistakes!

 

[New.Life]

At the same time, I was selling beautiful hand reg. domains like hotcakes, for mid $x,xxx to happy buyers!
And there were live websites from the very first days. Most of those domains were dropped by previous owners.

The very first one was: Independent . Life

The second: Christian . Life

Iron . City - I think, was the third.

 

[D Haynes]

Although I sold 30 out of my ~300 domain in 12 months,

These are not the huge numbers that everyone dreams of!

That's pretty much what everyone dreams of.

 

[alcy]

never regret rejected sale again.. use np lander or bodis... get buyer email forever and write him back 5 trillion years later to make deal

so much better than sittng in regret

drop that bs sedo back and forth negotiation.. or other prehistoric negotiating where u have zero flexiability and freedom to do biz with buyer... and pay 20 or 30% fee to have zero freedom

be smart now
be like alcy

u welcome

 

[New.Life]

That's pretty much what everyone dreams of.

I mean the amount of money, not the quantity!

 

[New.Life]

$90,000 for 30 domains a year, I don't dream about that.

 

[D Haynes]

$90,000 for 30 domains a year, I don't dream about that.

The vast majority of this forum would bite your hand off for that.

What your actually saying (unknowingly or otherwise) is "compared to the average domainer I'm doing incredibly well at selling domains but I want to do better".

Maybe the reason for turning down the 2k offers was because there wasn't enough sales data on new GTLs? Without knowing where an extension might be going it's hard to part with a name through fear of missing out on what might be.

How many people sold .AI names cheaply 10 years ago and regret it now? How many people held on to .me names 10 years ago and rejected offers and regret it now?

It's all a gamble. Some you win, some you lose.

 

[dirk]

The vast majority of this forum would bite your hand off for that.

On a 300 name portfolio that's a 10% STR. Given they're ngtld... Nice!

However, 90K seems like a lot but we don't know expenses. So, that's revenue, not profit. Lots of factors come into play, 90K of revenue may leave not that much profit, depending on your situation, where you are located, time spent, money spent (renewals, premiums) and so forth...

 

[New.Life]

The vast majority of this forum would bite your hand off for that.

What your actually saying (unknowingly or otherwise) is "compared to the average domainer I'm doing incredibly well at selling domains but I want to do better".

Maybe the reason for turning down the 2k offers was because there wasn't enough sales data on new GTLs? Without knowing where an extension might be going it's hard to part with a name through fear of missing out on what might be.

How many people sold .AI names cheaply 10 years ago and regret it now? How many people held on to .me names 10 years ago and rejected offers and regret it now?

It's all a gamble. Some you win, some you lose.

10 years ago, New gTLDs were really new, and no one knew about their real value.
No one knew how much they could cost right now and what would happen tomorrow.

For me it was even worse, I got my first domain only in 2015, with zero knowledge about domains at all!

 

[New.Life]

On a 300 name portfolio that's a 10% STR. Given they're ngtld... Nice!

However, 90K seems like a lot but we don't know expenses. So, that's revenue, not profit. Lots of factors come into play, 90K of revenue may leave not that much profit, depending on your situation, where you are located, time spent, money spent (renewals, premiums) and so forth...

All 30 domains hand regs.
All domains (except "tree . money") 29, were drops, someone registered them before, but decided to drop...

Average price $50, registration and renewals.
Average hold time 6 years

~ $9,000 expenses

~ $91,000 sales.

 

[dirk]

All 30 domains hand regs.
All domains (except "tree . money") 29, were drops, someone registered them before, but decided to drop...

Average price $50, registration and renewals.
Average hold time 6 years

~ $9,000 expenses

~ $91,000 sales.

That's pretty nice. After taxes and expenses that's what? 30-40K profit?

Not too bad imho.

 

[New.Life]

That's pretty nice. After taxes and expenses that's what? 30-40K profit?

Not too bad imho.

15% Tax, in US.

~ $70,000 in the pocket - New BMW X5

 

[New.Life]

On a 300 name portfolio that's a 10% STR. Given they're ngtld... Nice!

It's summer now, most of the buyers have melted away! ))
...and I'm testing / trying to sell such domains for $649 - $988
Closer to winter I will raise prices to $2,488 - $3,488

This is the first time/year I'm trying to do something like this.

 

[AEProgram]

and if you sold for less you might have regrets today that you could've gotten more

 

[New.Life]

and if you sold for less you might have regrets today that you could've gotten more

No, I won't regret this. A sale is a sale!
I wrote that I regret the failed sales, and not exactly the offer amounts.
Now, let the failed buyers regret, who missed their chance.

A year earlier, I sold a lot of similar domains.
"Top keyword" + .life .city and .world, for a flat $950 price.

I even had a few regular buyers, web designers, who built the websites, it would be better to say that they simply copied existing ones, that they already had, with zero costs.
They just changed a little something, colors, layouts, etc., adding Ai generated content, and sold them for $3,000 - $5,000, buying a domain for $950.

For example, I have for sale right now:

Sweet.City
Beer.City
Tea.City

...and 100 more.

Beautiful domains, Just for $588 each, if I send a GD checkout link, to the buyer.
Amazing websites can be created with them.

Sweet.City - Shop, restaurant, bakery, even a dating site, etc. etc.

 

[New.Life]

and if you sold for less you might have regrets today that you could've gotten more

I don't even regret this sale!

https://www.namepros.com/threads/sold-to-the-founder-of-condo-com-my-new-gtld-with-bin.1063365/


...and sold this domain for the second time!

https://www.namepros.com/threads/sold-the-same-domain-for-the-second-time.1353797/

 

[GCCinternet]

never regret rejected sale again.. use np lander or bodis... get buyer email forever and write him back 5 trillion years later to make deal

so much better than sittng in regret

drop that bs sedo back and forth negotiation.. or other prehistoric negotiating where u have zero flexiability and freedom to do biz with buyer... and pay 20 or 30% fee to have zero freedom

be smart now
be like alcy

u welcome

It's always best to know the buyer. Not knowing who we talk to is a greater problem of using marketplaces than their ridiculous commissions. But with exceptions, for example:
- if a name is priced $50k, a buyer makes an offer $10k and we as a seller consider a sale. Then, without knowing who we talk to, we may lose money if we decide to sell but from buyer's details it'd be clear that they'd pay close to the asking price sooner or later because we may be able to find out that they need the domain. On the other hand, even serious buyers hide their details often and don't always reveal who they are...

- if a name is priced $50k, but you as a seller are very confident that you only want $50k because it's very conservative asking price, not a speculation at all, then knowing who the lead is doesn't really matter.

Regarding price flexibility and getting back to old leads. Again I can tell from experience that 2 scenarios are often and thus one strategy doesn't always win:

- most of the buyers, especially for $10k and higher purchases, never make their first offer close to the asking price, but rather in 10% range if any. I'd say for most of $10k+ domains the first conversation and offer means "checking the field". Such offers should be rejected by sellers and here I agree with @alcy that sellers have to know who they talk to.

- on the other hand, it isn't rare that many buyers have their interest NOW, and if a seller wants to sell, the time is now when the specific buyer makes an "acceptable offer". Often, the same buyer loses interest and having his full details doesn't mean anything, because months later his interest may be zero. So it's a matter of quick decision, and if the math works for a seller, it may be better to sell and move to the next deal, instead of staying with the domain for a long time, and maybe not having any buyer.
In different words, bad end-user may be better than being in the need to look for liquidation-like auction in the worry of not selling at all or dropping considerations.

The challenge in successful domaining is liquidity of sales and sell-through rate, not profit for a single domain.

 

[tradenameNet]

If it's just a regular name and replaceable, yeah sell it ASAP. if it's a name that once gone, you wont be able to get another one, then wait and sell for best price.....am I right ?

 

[New.Life]

It's summer now, most of the buyers have melted away! ))
...and I'm testing / trying to sell such domains for $649 - $988
Closer to winter I will raise prices to $2,488 - $3,488

This is the first time/year I'm trying to do something like this.

First one for now.

 

[Planet9]

Probably every month, there are new topics here about "no sales".
Sales are really not as many as we would like! That's true!

Although I sold 30 out of my ~300 domain in 12 months,
(I do not include recent sales here, 3 domains for $30K)

https://www.namepros.com/threads/my-domain-name-sales-for-the-last-12-months.1353901/

These are not the huge numbers that everyone dreams of!

I regret... I regret the rejected $2,000 offers for average domains (all new gtld).

In the early days of "new domains" (new gTLDs) from 2016 to 2019,
there were a lot more $2K offers from the real buyers than there are now.
Many thanks to Uniregistry!!! ...and they had a $2K minimum offer by default.

Over the years (2016-2019), I have turned down $2K offers for over 50 domains,
for which I never received another single offer after that, or at least similar offer.
I even dropped some of them.

Starting from this:

https://onlinedomain.com/2016/10/21...owner-refuses-2000-offer-buyer-goes-com-2100/

FYI, this domain is now available!

I dreamed Big!
But I learned from my mistakes!

Let's ut this in more prospective from someone who has never sold a domain for more than $400! In fact all 4 of the domains I sold were for $400 each. You obviously have big pockets to pay $9,000 or more in renewals, If you started in 2015 that's at least $900 a year.