NameSilo

Quest.xyz sold for $69,888 plus 5 more .xyz sales

Labeled as domains in Domain Industry News, started by DomainNameFlow, Sep 16, 2021

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  1. alcy

    alcy Top Contributor VIP

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    I did answer. maybe u didnt read my post.

    if u disagree that others did or do have better names than u sold for 4 or 5fig... and which they couldn't sell..then yer simply wrong.

    remember I aalways talked about yer sold names.. then u post some offtopic list of yer 1000 top names..plus I always said.. xyz names people did or do have.
    meaning I may have had in past.. or others.. its not about present..

    but yeah I do have like 10 or so xyz names now.. like.... fido...bikinis... hoodie..vampires...passports...livestreaming..osiris..scotty..

    all names that in yer hands would fetch 4 to 5fig

    but in all other hands... fetch nothing..

    and then u wonder why people put down xyz...cause it sells for no one but u on this planet.. that's why they put it down..and why it's a terrible extension investors should avoid
     
    Last edited: Sep 17, 2021
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. DNGear

    DNGear Domainnaut VIP

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    I dont have a magic wand to sell all the domains for 5 figs or 4 figs. So you dont have any super names in xyz except a few. So you cant expect bigger sales.

    What i understood here is:

    Nobody questions if My_Dogs_Tail_is_too_long.com or .co or .io sells for huge amounts. If Dog.xyz sells why the hell the buyer bought..its a fake sale...blah blah..
     
  3. alcy

    alcy Top Contributor VIP

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    believe me I didnt start domains last nite.. when I say u sold much lower quality past tense etc 1worders for 4 or 5fig then that is exactly what u did.

    well nobody questions io or co sales etc.. cause there are 1000s of domainers on planet selling em for 4 or 5fig

    and there is one domainer in planet selling them in xyz

    that's u.

    I never call yer sales fake. i only say they happen to no one on earth but u. with these prices..and consistency

    that's all. enjoy.
     
    Last edited: Sep 17, 2021
  4. MarkedMarket

    MarkedMarket Established Member

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    @DNGear - Just sending you a message of support. You were bold and courageous enough to invest in this extension when no one was. A couple of years ago .xyz was ridiculed by everyone (certainly when they were on sale for $0.01), but you ignored everyone and continued to invest in the extension and built up a great one-word portfolio. You probably had a couple of sales in the beginning that gave you confidence to continue with it and you must have spent a lot of time getting the best domains on the drop. And now you are reaping the benefits. Totally deserved - that many more (big) sales will follow!
     
  5. henrypcyeung

    henrypcyeung Established Member

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    Here is my opinion:

    1. To verify if the .xyz sales are valid, simply keep tracking whether the sold xyz domains are developed. I do not have time to check each recently sold .xyz domain, but read a post in NP that a .xyz domain sold for 5 figure by DNGear has been developed (https://www.namepros.com/threads/flip-xyz-buyer-revealed.1252331/).

    2. DNGear is holding a large inventory (in thousands) of one-word .xyz domains, so it makes sense that her sales account for almost all .xyz sales. Of course, she is not the only one who sold a 5-figure .xyz domain (https://www.namepros.com/threads/dr...t-publicly-reported-xyz-sale-of-2021.1245872/).

    3. Many sold .xyz domains have been developed into DeFi, crypto and blockchain related websites. So it seems that the industry players like .xyz extension, though I don't know why. As the industry becomes hot, it makes sense that there are more .xyz sales with higher selling prices.

    4. There are some .xyz domains with higher quality than the sold .xyz domains that have not been sold or registered. It may be because the time has not come and they will be sold or registered in the future. Or it may be because startups do not think the domains fit their businesses or they cannot afford the high renewal costs (4 figures).

    5. Reporting sales publicly allows sellers to have references to ask for higher prices in future selling. It is good for the whole domain market. Of course, the bad side is that domainers have to buy domains at higher costs. I hope DNGear can keep reporting her sales at least on Namebio.

    Debates should be objective, so please don't include your personal feeling, belief and subjective arguments in your replies.
     
    Last edited: Sep 17, 2021
  6. blogspotter

    blogspotter Top Contributor VIP ★★★★★★★★★★

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    Also consider that she has 16000-20000 names. The renewal bil itself is at least 160K... If all her sales are fake, is she paying the renewals from her own pocket? 😂😂😂😂
     
  7. betthelot

    betthelot Top Contributor VIP ★★★★★★★★★★

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    It will be some back door deal with the xyz registry. Whereby money changes from one hand and given back minus the commission which will be shown as marketing costs. Xyz are known for smokes and mirrors type marketing and that’s why old timers are sceptical. But there is no smoking gun just gut intuition. Time will tell how many get fully developed. Probably best to move on and not invest in xyz.
     
    Last edited: Sep 17, 2021
  8. The Durfer

    The Durfer Wesley Sweatman VIP

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    You are a superstar, @DNGear . As such, you should think of security aspects towards other denizens. I mean look at Hollywood stars they are citizens too but after becoming rich and famous, they separate themselves like they are another species. ty. :)

    You should hire a public relations rep is what im saying i guess, so you dont get caught in some corner that its unfair. blahhhh. lol. Luv your work. :)
     
    Last edited: Sep 17, 2021
  9. DNGear

    DNGear Domainnaut VIP

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    Waiting..

    Dog's tail can never be straight even if we put it into a pipe for years...

    [​IMG]
     
  10. nononsense123

    nononsense123 Established Member

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    How dumb can these critics get?🤣🤣🤣
     
  11. The Durfer

    The Durfer Wesley Sweatman VIP

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    akita nice breed.
     
  12. Jurgen Wolf

    Jurgen Wolf Top Contributor VIP ★★★★★★★★★★

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    This Quest was sold via direct negotiations or via Afternic broker?
     
    Last edited: Sep 17, 2021
  13. DNGear

    DNGear Domainnaut VIP

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    Afternic BIN sale.
     
  14. Deven Patel

    Deven Patel Founder, Alter.com Blue Account

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    In case it's helpful, I can confirm @DNGear sold two .xyz domains on Alter just last month (4-5 figures). One has already been developed. I dug into the buyer info and didn't see anything suspicious.

    For what it's worth, I noticed that her names were priced reasonably which I'm sure contributes to her success along with the fact that a majority of her sales consist of popular dictionary words.

    Like with any industry, those who eventually become successful are the ones who were able to predict future trends early and end up being right (e.g. think Google, Facebook, early crypto investors, early .com investors, etc). In hindsight, these trends seem obvious but it's super hard to predict the future so we end up betting based on our own personal experiences and beliefs. Her bet seems to be paying off.

    After all, betting $450K on what seemed like a random extension at the time is no small feat. She put her money where her mouth is. Kudos to her!
     
  15. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    True, and we don't hear about the many failures. That gives a distorted picture.
     
  16. MadAboutDomains

    MadAboutDomains Top Contributor VIP ★★★★★★★★★★

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    I agree with almost all that you've said. We can conclude that it was an investment that was right given the circumstances now, I'm not sure that it can be concluded generally that all of a sudden that .XYZ is a good investment.

    If I was rich enough to buy every plot of land in a city and people started buying from me I'm not "right", I'm just the person that was able to invest heavily without fear of losing it all because I have so much money anyway. This isn't trying to detract from her successes, I wouldn't wish to do that, but I think it's worth getting it into perspective, $450k investment (is that even accurate?) is outside of most normal people's budget, so having a huge pot of cash to work with clearly helps. Money makes money. But that doesn't mean it's good for people with $5k to spend... they'd probably lose it all.

    Regarding pricing, were they priced reasonably throughout the process? Did it take a lowering of prices in order to sell? If the names are priced reasonably how did quest.xyz end up selling at an Afternic buy now price of $69.8k, I consider that not reasonable for the .XYZ extension given previous sales and the overall impression of .XYZ.

    It's thought, questions... not an attack.... :xf.embarrassed:
     
  17. Deven Patel

    Deven Patel Founder, Alter.com Blue Account

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    Actually I don't think that's true. That's a common misconception. Money is simply a multiplier, it's not a substitute for intelligence.

    You're only thinking about plots of land now that the real estate industry has already been established and producing returns. It's also a little too late now to get into that game if you're looking for high returns. It's no different than the early .com investors who bought up all the dictionary domains before anyone knew those names would be worth millions today. Or trying to predict which search engine or ecommerce site to invest in 20 years ago. In hindsight, it's obvious but at the time these companies first launched there were 100s of competitors and no real way of knowing which ones would make it.

    There are also plenty of cases where entrepreneurs/companies spent millions on their businesses only to come out with nothing in the end. Webvan being a famous example. They lost over $800 million in funding and eventually went bankrupt because of bad timing as the market wasn't ready. Who would've thought a grocery delivery startup would've failed today?

    Bill Gross did a great TED talk around this where he found that timing was the most important factor for startup success. Not the idea, not the team, not money. Here's his 6 minute clip if you're interested.

    It's hard to predict the future regardless of how much money you have. For every seller like DNGear, I'm sure there are hundreds of others who probably invested a ton of money into what they believed was the future but eventually failed. We just don't hear about the 99% of failures in the media because they're not sexy or profitable (who wants to read about failure when you can read about success instead?).

    Point being.. even $5k can take you places with the right timing and execution. Check out this guy who traded his way from a single paperclip to a house in a series of online trades over a year. Or this guy who bootstrapped his email marketing service all the up to a $12 billion exit without raising any outside capital. If you had gotten into .com investing back in the 90s, you could've turned a measly $300 into $1,000,000+ today. Easy right? ;)

    I'll leave it up to DNGear to talk about her process as it's our company policy to respect everyone's privacy (the only reason I mentioned the sales were because she had already mentioned them on our official thread).

    Reasonably priced meaning not too crazy or outside the realm of possibilities. I've seen cases where a seller would try to sell something like babys-wears.com for $50K which to me is anything but reasonable. Though there's nothing wrong with shooting for the moon if you truly understand the probabilities. We have a bunch of sellers trying this approach on our marketplace.

    It's all about risk vs reward at the end of the day. High risk means high reward BUT that also means a high chance of failure. That's where most people get tripped up. Humans are notoriously bad at calculating risk. Maybe that's a good thing because nobody would ever take any risk otherwise.
     
    Last edited: Sep 18, 2021
  18. olcayto

    olcayto NameFree.net

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    I love the stories of success in this business, you are rocking @DNGear , enjoy the profit !
     
  19. BrandBoogie

    BrandBoogie Upgraded Member Gold Account

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    Congrats on another amazing sale! I truly am inspired by you and thank you for posting all of your sales.

    Keep them coming!! (y)
     
  20. TauseefKhan

    TauseefKhan Top Contributor VIP

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  21. Fancy.domains

    Fancy.domains Selling gTLDs like delicious hotcakes VIP Gold Account

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    Hahaha, exactly! Spot on!
     
  22. Fancy.domains

    Fancy.domains Selling gTLDs like delicious hotcakes VIP Gold Account

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    DNGear IS the Domain Queen! :greedy::notworthy:
     
  23. Domainication

    Domainication Top Contributor VIP Blue Account

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    I totally agree and belive in her sales.

    Why?
    Check out her reported sales. A very high % are developed websites after the sales completed and then you can research about the brands and their capitals.
    I noticed that -especially- for crypto brands dot xyz is an hot option. (For example F/..R../O../N../T.../I../E.../R ..*d/o+t X/Y/Z which sold for high x,xxx i guess)

    I belive more in her sales than a Mike Mann who tweets over a mid xx,xxx strange 3-word sale, which isn't developed after a year! (No front against him. His success is real too)

    Share some love for @DNGear ! And please continue reporting sales. This is very helpfull for all domainers up here to see some trends and needs of potential endusers.
     
    Last edited: Sep 21, 2021
  24. scithe

    scithe Upgraded Member Gold Account ★★★★★★★★★★

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    @alcy Maybe you should try moving those .xyz from $20 min offer to $x,xxx- $xx,xxx BINs and see if yours don't sell as well.
     
  25. BrandEntrance.com

    BrandEntrance.com Open 24/7/365 VIP

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    Maybe the 3D coordinates connection is what they found appealing.

    My only .xyz is 360world.xyz for the obvious connection between the domain name working together with the extension.
     

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