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domain Please appraise hellobeads.com

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Honimansi

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I am new to domain selling. In fact, I just registered a few domains... before finding this community.
I am interested with getting a valuation of my domains before selling them.

I registered Hellobeads.com because I am a beader and I think it may appeal to crafters.

Thank you. :)
 
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This is one of those domains that actually isn't horrible as your first purchase .. but not necessarily ideal either.

The one huge positive point is that you know and are familiar with the industry in question (beads).

The next real question that no domainer can really answer is ..
- What is the commercial viability, strength and growth of the industry in question?

Are there a lot of new companies starting up looking for new names?
Are there a lot of existing companies with bad names that might be looking for an upgrade?
Is it a traditional brick and mortar business shifting to the online world?

The great thing about domaining in a niche you know is that other domainers will definitely overlook domains within that niche (because they know nothing about it)?

The bad thing is that the domains in question likely won't be liquid so you're very unlikely to be able to resell the domains to domainers at liquid (wholesale) pricing. Also that it's going to be hard to find accurate appraisals or advice unless the people in question do some research in the industry (beading).

I personally encourage and think it's a good thing to work niche industries you're familiar with .. however .. ONLY if the industry in question has a potential growth in the online world.


My GUESS when it comes to beading is that it most certainly could be an industry where several traditional brick and mortar businesses look to sell online. My guess is that beads certainly could be a good industry suited for e-commerce.

Based on that guess I'd guess that this is actually a decent domain as the "Hello" prefix is a good one for most industries .. it's simple, memorable and everyone knows how to spell it.

The real question now becomes how much is it worth and how much should you sell it for?

Ask yourself who is the intended end user with the best chance of buying the domain?

A huge company looking to build a monster ecommerce site will likely be very few and far in between .. also likely to go after a slightly or significantly stronger domain. But the domain is still usable to them. Those types of startups could go high $x,xxx+ for a good name.

My gut feel however (noting that I do NOT know the industry), is that your domain is much more likely to be found by a traditional mom and pop brick and mortar store looking for a simple online presence (possibly not even ecommerce at the start) to experiment with online marketing and eventually esales. For those types of businesses it's better to target lower $x,xxx .. basically amounts that would easily be put on a business owner's already stretched credit card.

If I owned this domain I'd probably put it up for sale on the various sales platforms for anywhere from $999 to $2499. I'd probably start it at $1999 then put it down a bit as the year of registration progresses.

My mom and aunt do bead stuff .. I know whenever my aunt visits they make a point of going to the bead store and spend money for their various projects. It's potentially a good niche to be a domainer because I'm guessing most domainers specifially wouldn't think of it as a thriving industry when it likely is. Based on that however, I'd suggest you never try to sell it here or on any other venue where domainers are looking to buy at wholesale pricing, as you likely won't get anything for it from anyone unfamilliar with the niche.

That being said, I don't know enough about the industry to tell you anything for sure .. but this isn't a domain I would drop after owning for a year .. honestly .. as long as there is decent money in beading, this is a good hand-registration domain (if you bought it for $15 or less) for a new domainer ...

I usually never recommend new domainers hand register anything (it's usually far more cost/time effective to buy quality domains at auction or closeout (see the links in my signature), but as long as you go very slowly and learn as much as you can before spending too much more, don't stop what you're doing .. you've started better than 99% of new domainers out there (not so much because this is a home-run domain, but more because most newcomers get things very very wrong when they start .. lol).

Best of luck with it ... :)
 
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This is one of those domains that actually isn't horrible as your first purchase .. but not necessarily ideal either.

The one huge positive point is that you know and are familiar with the industry in question (beads).

The next real question that no domainer can really answer is ..
- What is the commercial viability, strength and growth of the industry in question?

Are there a lot of new companies starting up looking for new names?
Are there a lot of existing companies with bad names that might be looking for an upgrade?
Is it a traditional brick and mortar business shifting to the online world?

The great thing about domaining in a niche you know is that other domainers will definitely overlook domains within that niche (because they know nothing about it)?

The bad thing is that the domains in question likely won't be liquid so you're very unlikely to be able to resell the domains to domainers at liquid (wholesale) pricing. Also that it's going to be hard to find accurate appraisals or advice unless the people in question do some research in the industry (beading).

I personally encourage and think it's a good thing to work niche industries you're familiar with .. however .. ONLY if the industry in question has a potential growth in the online world.


My GUESS when it comes to beading is that it most certainly could be an industry where several traditional brick and mortar businesses look to sell online. My guess is that beads certainly could be a good industry suited for e-commerce.

Based on that guess I'd guess that this is actually a decent domain as the "Hello" prefix is a good one for most industries .. it's simple, memorable and everyone knows how to spell it.

The real question now becomes how much is it worth and how much should you sell it for?

Ask yourself who is the intended end user with the best chance of buying the domain?

A huge company looking to build a monster ecommerce site will likely be very few and far in between .. also likely to go after a slightly or significantly stronger domain. But the domain is still usable to them. Those types of startups could go high $x,xxx+ for a good name.

My gut feel however (noting that I do NOT know the industry), is that your domain is much more likely to be found by a traditional mom and pop brick and mortar store looking for a simple online presence (possibly not even ecommerce at the start) to experiment with online marketing and eventually esales. For those types of businesses it's better to target lower $x,xxx .. basically amounts that would easily be put on a business owner's already stretched credit card.

If I owned this domain I'd probably put it up for sale on the various sales platforms for anywhere from $999 to $2499. I'd probably start it at $1999 then put it down a bit as the year of registration progresses.

My mom and aunt do bead stuff .. I know whenever my aunt visits they make a point of going to the bead store and spend money for their various projects. It's potentially a good niche to be a domainer because I'm guessing most domainers specifially wouldn't think of it as a thriving industry when it likely is. Based on that however, I'd suggest you never try to sell it here or on any other venue where domainers are looking to buy at wholesale pricing, as you likely won't get anything for it from anyone unfamilliar with the niche.

That being said, I don't know enough about the industry to tell you anything for sure .. but this isn't a domain I would drop after owning for a year .. honestly .. as long as there is decent money in beading, this is a good hand-registration domain (if you bought it for $15 or less) for a new domainer ...

I usually never recommend new domainers hand register anything (it's usually far more cost/time effective to buy quality domains at auction or closeout (see the links in my signature), but as long as you go very slowly and learn as much as you can before spending too much more, don't stop what you're doing .. you've started better than 99% of new domainers out there (not so much because this is a home-run domain, but more because most newcomers get things very very wrong when they start).

Best of luck with it ... :)

Thank you. I really appreciate you taking the time to reply.

Yes, the domain is very niche but I reckon it's relevant to the right audience.

My other domains are more "generic" actually and after coming into this forum, I realised I had to really understand this (domain selling) industry before jumping into registering new domains or buying them.

I really don't know pricing for domains and honestly, as long as I recoup my investment and hopefully profit somehow, it will boost my confidence getting into this market.

More power to you. x
 
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