NameSilo

⏳ ✅ Pricing strategy to flipp and sell fast

Labeled as question in Domain Beginners started by TDM, Nov 22, 2016.

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  1. aramyus

    aramyus Established Member

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    Let's make it a bit more general: any domain where you can identify 15-25 companies advertizing (eg: adwords) for this name and that you can contact to offer your domain.
    Could be citydentist.com, could be FirstNamesBar.com or whever
     
    Last edited: Nov 29, 2016
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  2. .NJ

    .NJ Active Member VIP

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    There is a simple solution....

    Don't fall in lover with your names.

    I shoot for 50 to 100% more then I pay.

    Double the purchase price is my target point.

    This seems to work well for fairly quick flips.

    Kevin.
     
  3. TDM

    TDM Established Member

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    Thank you all for that insights and awesome advice!
    Greatly appreciated :)

    @.NJ example:

    if you buy a name and the low range at namebio is around let's say 150 bucks with a median at 400
    ... would you still shoot for eg 45 (to double up if bought at 20) or you going straight with 120-140?
     
    Last edited: Nov 29, 2016
  4. .NJ

    .NJ Active Member VIP

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    Really depends on the name itself.

    If it's a stellar name you snagged for dirt cheap, then yes I would adjust the profit.

    But for run of the mill average names, yes I'm fine with 50% to double my purchase price.

    Example: $50 buy - $100 resell
    $1000 buy - $1500 resell

    Remember, these are fairly quick flips we are talking about. Not long holds.

    Alot of people will disagree with my method and say the profit is not enough.

    I think differently in this day and age.

    Ask any financial stock guy what he thinks about my profit range.

    Kevin
     
  5. TDM

    TDM Established Member

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    Yeah fully understand!

    Trading vs investing..
     
  6. Joshh71390

    Joshh71390 Established Member

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    Hey my strategy depends solely on 2 things -

    1 how im doing this week in a total
    2 how much i spent on the name

    I always list for the MINIMUM i would accept over the domain - If i bought the name 1 hour ago for 5 bucks I might list it for 7 bucks - No bids no loss - bid gaurenteed 25%or so profit in an hour.

    If ive sold say 20 domains already this week I can afford to risk losing cash in return for potential bidding wars.

    If ive sold 20 domains 5 dollars profit each - And my new name costs $8 i can list it for $1 in hopes that maybe a few bids can start warring - driving the price high - worse case scenario - It sells for 1 dollars bringing my weekly profit to 95 instead of 100 - But many times a bidding war can turn a 5 dollar sale into a 20 + sale

    These numbers are all just figurative but if you look at it anywhere - if you can list names at prices that brng bidders and bring profit / i never try to kick my self in the ass if its profit. Think of walmart vs joe smiths tv shop. - he might sell a tv and make 50 profit each. walmart might sell the same tv - make 2 dollars profit - but sell 12 thousand units in the time it takes joe to flip 2
     
  7. TDM

    TDM Established Member

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    Really like that approach. Sounds absolutely viable.

    Thank you for sharing! :)


    Guess the hardest part is to let potential $$$ or $$$$ go away for $$
     
  8. Joshh71390

    Joshh71390 Established Member

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    Yes well heres the thing - In my opinion a name is a name - If you have blackcat.com - Sure its worth millions to one and a thousand to the other. If you can find the high price then sure - However theres a difference between holding onto names for big sales - Or Flipping names - increasing total holdings with each sale.

    If you can sell 30 names in a week for 3 dollar profit each - I think it's alot easier then finding that one perfect sale for a domain.

    Dont get me wrong I have every name i own listed on the big marketplaces for xxx / xxxx however while I wait for offers which might never come - I still am selling in and out. Also think about using these low numbers and just substituing them for high numbers.

    If you can buy a domain that will EASILY SELL @200 for 150. Sure you might be able to sell it for 300 in 2 years. Or you could just price it to move ...200 - and make 50 bucks in an hour.

    What seems more lucrative ($300 dollars to the onlooker) with the investment of 150 - Plus 2 years of registration. plus a whole bunch of missed reinvestments - over a 2 year period

    Or 50 bucks in one hour
     
  9. Joshh71390

    Joshh71390 Established Member

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    Also 2 last points;

    1. - The daily mover method as ill call it here - Is risky, dont let your portfolio get too bogged down, dont be afraid to cut a few losses to keep on the mission. if it doesnt sell, move to the others, MOST IMPORTANT You have to reinvest. Making two dollars off a sale is not worth it. But if you can buy a name at promo for 2 bucks. sell for 10 and then reg 5 new names - (see where im going) Out of those 5 new names say 3 sell for $10 ea and 2 never sell - Your initial investment of 2 dollars turned into 30. Some names will lose for sure- But if you reinvest in new potential sales, it works out. in the long run.

    -------------

    2. - Many of the big names / big sales ppl hear about are like this - They sell say RedBird.com for 5,000

    For one these types of people probably bought 30 very similar names - 29 of which dont sell (Or do who knows)

    Also these names are basicly held until bought - Not sure how much you know about big names - theres a guy mike mann hes like the guy ppl use in place of normal people saying bill gates.

    He bought i think like 40,000+ decent / crappy / unapealing names - and he throws outragious pricetags on them. - xx,xxx

    He renews these year after year - So when you see 40k for a name - how much went to the initial batch - How much goes to his renewals - How much in commission - How much in paying staff , or coders , or whatever you need to be able to actually register / find 40,000 domains that are available.
     
  10. Joshh71390

    Joshh71390 Established Member

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    Add me on skype if you ever need my username here at gmail i believe - or just joshua hoffer
     
  11. aramyus

    aramyus Established Member

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    A word of warning on 'large volume' considerations: it takes about the same time/effort to sell a domain at 10$ or at 1000$. That's the main reason why many domainers are not active in the low price segment.
     
  12. NicMax

    NicMax Established Member

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    I hear you!
    *Big Sigh*

    THATS EXACTLY my problem..... with pretty much all the some 2 or 300 domains I currently have in stock
     
  13. tjl92

    tjl92 Established Member

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    Love this! Lots of good info here in this forum.:xf.cool:
     
  14. Nezam Uddin

    Nezam Uddin Established Member

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    I would like to ask. Where do you possibly list it? Bearing in mind the marketplace commissions. One has to reap enough profits to keep it going.
     
  15. MR Harrist

    MR Harrist Established Member

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    if lowering the price can increase domain sales! trust me, I don't mind to give 75% discount! problems is, when buyer say no mean no!:xf.grin: no matter how low the price is!:xf.grin:
     
  16. tjl92

    tjl92 Established Member

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    I see your point lol I guess the quantity would make up for any 'no's' I'm assuming
     

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