domain Please Appraise: SpinePain.com

[videoexpert]

I bought a 16 year old domain from NameJet for $3,000 (SpinePain.com) and my wife saw I spent our savings and is pissed.
Any ideas on how I can sell a domain like this quickly? Can I even make a profit on this domain?

I am very discouraged right now so I appreciate any advice and tips. Thanks!!!

 

[wwwweb]

These type of domains are better for a mini site, or educational site build out. End users for these type of domains are Doctors, or medical professionals, who do not just shell out $3K on a random email contact.

For $3k I am sure you could have bought a better income producing domain, You must have got into a bidding war with someone.

 

[DN BROKER]

Your domain is not worth $3000. End Users in the market would not pay more then $50-$250 for you name. Next time do your homework before bidding on a domain that has reg fee value.

 

[wwwweb]

Maybe post it for sale quickly, and the second highest bidder, might purchase it.

 

[videoexpert]

Maybe post it for sale quickly, and the second highest bidder, might purchase it.

Where would I post it for sale to sell quickly?

 

[Kate]

You paid end user price, a reseller wouldn't pay that much.
And I'm not sure there are many end users ready to pay what you paid.
At this point you might contact a broker like Toby Clements. With the right exposure perhaps it will catch the eye of a qualified end user.
No guarantee you will be able to recoup the cost though, especially if you're in a hurry to liquidate.

A quick google search indicates a few possible end users:
http://www.spinepaininc.com/
http://www.michiganspineandpain.com/
http://www.midatlanticspine.com/

The big question is, is there any one willing to pay at least 3K for the domain.
Good luck.

 

[bmugford]

Your domain is not worth $3000. End Users in the market would not pay more then $50-$250 for you name. Next time do your homework before bidding on a domain that has reg fee value.

This is not a reg fee name.

This is a great domain name, with a lot of end users.

However, in the future I would avoid shelling out that kind of money without a plan.

If you are going to put out $3,000 the domain should either have a really high potential ceiling or be very liquid.

Brad

---------- Post added at 04:29 PM ---------- Previous post was at 04:28 PM ----------

You paid end user price, a reseller wouldn't pay that much.
And I'm not sure there are many end users ready to pay what you paid.

I agree with that.

It is a nice domain, but at that price you basically are the end user.

Brad

 

[carob]

I bought a 16 year old domain from NameJet for $3,000 (SpinePain.com)

It's being reported elsewhere that the sale price at Namejet this month was $2300. See http://blog.goldnames.com/?p=927

Why did you buy this domain?

Domains are not particularly liquid, so this one could be a pain in the neck for you if your wife wants the money back quick.

 

[wwwweb]

It would not be obscene for this domain to sell for $5k, you are going to have to do some work to sell it, maybe get on the phone, and directly call some of these companies that use other variations of this name, a simple google search will bring up plenty of users.

They will hear you out, especially if your name is a shorter version of what they are currently using. Do not give up, you still have a solid domain, but you got caught up in the bidding, which we are all guilty of here at some point of the auction process...

 

[DN BROKER]

With a lot of end users? Seriously, you have no experience with End Users,the OP is lucky if he sells the name for $250!

This is not a reg fee name.

This is a great domain name, with a lot of end users.

However, in the future I would avoid shelling out that kind of money without a plan.

If you are going to put out $3,000 the domain should either have a really high potential ceiling or be very liquid.

Brad

---------- Post added at 04:29 PM ---------- Previous post was at 04:28 PM ----------



I agree with that.

It is a nice domain, but at that price you basically are the end user.

Brad

---------- Post added at 04:59 PM ---------- Previous post was at 04:57 PM ----------

I don't know where you get your idea from calling end users, their is no market for this type of reg fee domain, unless you develop it into a 101 website and hope you generate organic traffic that could result in PPC revenue! otherwise he is out luck with this bad investment.

It would not be obscene for this domain to sell for $5k, you are going to have to do some work to sell it, maybe get on the phone, and directly call some of these companies that use other variations of this name, a simple google search will bring up plenty of users.

They will hear you out, especially if your name is a shorter version of what they are currently using. Do not give up, you still have a solid domain, but you got caught up in the bidding, which we are all guilty of here at some point of the auction process...

 

[iowadawg]

And this is why people with little to no knowledge of domaining should not be spending money.

And why people should do some legwork before buying/bidding on any domain.

I feel for the OP spending so much for a domain that really is not worth that much.

 

[johname]

With a lot of end users?

Every Chiropractor would be a potential end user. Back relief products too.


*********************

You got NameJetted though, Bigtimers can pay enduser prices or close too at a whim. And will run you up for fun if your not careful. This is why you got to have a plan and a price.


Tell your wife you will take too much of a percent loss getting out of it in a hurry.

 

[Domainace]

I agree that 3K is an end-user price. If you try to flip it, however, you'll be lucky to get low XXX in this market. If there was another bidder though, and if he was real, you might sell it for $2000 if you can catch his eye via a broker's newsletter and he doesn't smell blood. That's 3 ifs, though.

The only way your wife will ever let you live this down is if you make money from it. There are only 2 ways to do that.

1- Directly contact end-users, offer at 4500 or 5000, and hope you get lucky.
2- Work your ass off developing it. Of course, that will eat up a lot of your time, but that's not something the wife will complain about. It has respectable search numbers and a $5 CPC, so it has great potential. So far as Cure Cancer's estimate, I'd happily pay his range for the name as a reseller, never mind end-users.

 

[bmugford]

With a lot of end users? Seriously, you have no experience with End Users,the OP is lucky if he sells the name for $250!

I have no experience with end users?

There are not many "domainers" who deal with, or make more end user sales than I do.

I would pay a lot more than $250 for this domain as a reseller.

Brad

 

[gladdy]

Hey, you can contact second and third bidders and tell them about situation, I think you will get some of your money back. second bidder was domainbank - they are from Korea, just try to email the administrative contact of historia dot com. The third bidder at the auction was anubhavit (look for administrative contact of globe dot net)

just my five points!

 

[DN BROKER]

Yeah okay dude keep telling yourself that, if you had any experience dealing with end users then you wouldn't be hyping the OP over a reg fee domain he got sucked into. Not a single end user would pay anywhere near the price tag he paid.

You valuation of this domain is so off that I'll just unsubscribe myself from this thread so I don't have to read anymore silly appraisals over a reg fee domain name.

I have no experience with end users?

There are not many "domainers" who deal with, or make more end user sales than I do.

I would pay a lot more than $250 for this domain as a reseller.

Brad

 

[hawkeye]

...
You valuation of this domain is so off that I'll just unsubscribe myself from this thread so I don't have to read anymore silly appraisals over a reg fee domain name.

Good call, unsubscribe! If there's 'one' person on this forum that knows and sells more domains to endusers than 'anyone' here, it's Brad! So think what you want, but you are by far 'way off' on who knows more about enduser sales of domains! I'd put my money on Brad over you, anyday!! That, is a no brainer bet!

 

[carob]

I appreciate any advice and tips. Thanks!!!

I think you can see from this thread that people have wildly different ideas about value and about possible end-users. Bear in mind some domainers really reach out to end users and may have more success making sales than others, especially if they can reach the right potential buyers. But people who want to generate regular sales and turnover may be targeting a different sort of price from those who hang onto domains hoping for the highest price on every single domain from the keenest possible end user.

 

[Domainace]

Yes, Brad is someone who I wish I was as good as at end user sales. He's one of the top domainers on the forum. He even sells .us domains to end users, something many otherwise successful domainers have not been able to do.

Beyond that, I don't think the OP came here to be lectured. He already knew he was in trouble, and came for help.

The Wife is a big factor in any business, and they are usually risk-averse to a fault. Once they've spent the money you have made off one of your "schemes" they will usually cut you some slack. But until then, depending on the wife, it can be tough.

I think the point here is not to spend money that you'll be meeding on a name that you don't have immediate plans for - either to flip or develop.

For example, maybe you get a name worth $10,000 for a mere $3500. Unless that name is very liquid (like a clearly pronounceable LLLL), you may have to wait a long while to turn that profit on it. If that $3500 was your only operating capital, then how will you make money in the meantime? That great deal will be a weight around your neck, and desperation may even force you to take a loss on it at some point.

When I'm presented with a great deal on a name that I can't flip right away, I have to ask if I can afford to put the money it costs on ice for a year or three. If not, I have to pass.

 

[wwwweb]

With a lot of end users? Seriously, you have no experience with End Users,the OP is lucky if he sells the name for $250!



---------- Post added at 04:59 PM ---------- Previous post was at 04:57 PM ----------

I don't know where you get your idea from calling end users, their is no market for this type of reg fee domain, unless you develop it into a 101 website and hope you generate organic traffic that could result in PPC revenue! otherwise he is out luck with this bad investment.

Lol, not a great attitude, if you take a few minutes, you will see the core keywords of this domain, are used in many variations with other end user websites. It is upto the OP if they want out from this domain, to convince that end user the benefits of owning the generic core keywords this domain contains in relation to their business. Not everything is in estibot black, and white, worse domains have sold for more, and we all know that, there is a reason every extension in this domain is taken...

As for questioning Brad's knowledge, when he makes a post, it is usually a well thought out, and very professional post, and he does bring a lot of knowledge that this forum is lacking at times, I will offer the OP $1k for this domain right now... PM OP if you want out quickly, so we have established a value above $250 for this domain already...