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Question about selling domains

Labeled as question in Domain Buying and Selling Discussion started by turbo funk, Aug 18, 2019.

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  1. turbo funk

    turbo funk New Member

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    on average, how long does it usually take to sell domains? i know that this can require some patience, which is fine and something im prepared for. honestly, im just curious. and it'd be good to have an idea of how long is too long and adjusting prices and such
     
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  2. J Sokol

    J Sokol Top Member VIP

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  3. korganian

    korganian Top Member VIP ★★★★★★★★★★

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    Most domains will never sell for a significant amount. The bigger your portfolio, the higher your renewals, the more you have to get for each sale to cover your costs if you hold for end user sales. Therefore maintaining quality names is what it is all about. Don't get too emotionally attached and keep renewing names that nobody else shows any interest in just because you don't want to feel like you wasted money when your let them drop.
     
  4. myfavorite

    myfavorite Established Member

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    You can't easily fix time for sale.

    Some poor quality domains will never sale. Some good quality domains may take several years to sale.

    Patience is key in domain investment with quality domains.
     
  5. turbo funk

    turbo funk New Member

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    gotcha, thanks guys
    figured it was kinda unpredictable.
    guess ill have to carefully pick and choose which domains im willing to nurture and kiss goodnight
     
  6. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    5 to 10 years
     
  7. BaileyUK

    BaileyUK Top Member VIP

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    I wouldn't be surprised to hear that that 98% of domains held purely for the intention of reselling never sell and I mean NEVER Well o.k lets make that 99%. It's alright hearing about this 1% to 2% as an industry average, but most of those 1-2% (of the entire domains held) come from experienced re-sellers with good inventories.

    I just wish people would stop talking about this 'Industry average' as if it were relevant to those that don't have a clue about what they are getting in to
     
  8. Jv1999

    Jv1999 Spamming Exo: Dark Merc of the Exo-Tower VIP

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    wat ppl say here are bleak... and it's not necessarily true.

    the most important thing to have is the "domain eye" = the ability to pick valuable domains. If you have that, you can sail a domain inbound as quick as 2 weeks...

    I mean, today I just received a $750 offer on a domain I looted from exo tower 60 days ago.

    From my own experience, if you know (not guess) a domain is good, and you hodl it... it will get some kind of offer or even sail within a year or two. Ofc, don't think that your whole "good" portfolio will sail that fast :tightlyclosedeyes: because then you're going to have to deal with % sail per year... which can be as low as 1 and as high as 10 depending on how much "exposure" you're giving your domains.
     
  9. Josytal

    Josytal Top Member VIP

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    from 0 day to infinity.

    While the decisive factor is the quality of the domain name itself, a lot of other secondary factors are to be considered.
    Price
    Trend
    Exposure
    Availability of other extensions ...
    just to name but few.
     
  10. FolioTeam

    FolioTeam Top Member VIP

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    This is like asking, "How long is a rope?"
     
  11. AGAME

    AGAME optimalnames.com Gold Account VIP

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    The names I've been selling this year so far are, on average, 13-14 years old. The "youngest" was 6.5 but the bulk of the rest were closer to 14 years. So the weight is toward that end.

    But it doesnt matter, really. All it says, for my sales, is that it has taken that long for the right buyer to come along. Many others will sell names withing months or so of their registration dates.

    Here is one virtue that you really need in domain investing: patience. :)
     
  12. J Sokol

    J Sokol Top Member VIP

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    Yes, I'd say it takes patience and also a lot of confidence that the names are worth holding on to. That's where the experience comes in -- as a newer domainer it's really hard to justify the cost of renewal when you're not sure how much the domain might be worth.
     
  13. AGAME

    AGAME optimalnames.com Gold Account VIP

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    You could post your names on this forum for peer review here: https://www.namepros.com/forums/domain-appraisal.3/ and see what others say. Economics-wise, if you've got a decent name then renewing it for 10 years will cost between 80-100 USD depending on if you belong to a discount program or similar.

    Think about the math, if you receive good feedback on a particular name then the investment risk might be worth the reward a decade (maybe more, possibly less) from now. You may sell that name for many multiples of your entire holding costs (reg+renewals) and so it makes it worth it.

    Hey, is not simple - that is for sure. I know I've dropped domains only to find a company has picked it up and is using it and yea, I kick myself but try to learn from that as well. Its tough but I love it.

    You should also visit the recently sold thread and go back and back and back through time reading what domains have sold, how long they've been held, what their holding costs were etc..
    https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/page-733 There is gold to be extracted in that there thread. ;) Best wishes!
     
  14. DNWon

    DNWon eCommerce Branding Specialist VIP

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    Don't nurture or kiss any of them goodnight! The worst thing a domainer can do is fall in love with their domains. I speak from experience on this!
     
  15. AGAME

    AGAME optimalnames.com Gold Account VIP

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    Yep - this is very true! Hold them at arms length and do not get attached to them.
     
  16. J Sokol

    J Sokol Top Member VIP

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    Thanks for your suggestions @AGAME. I do stay up-to-date on the Reported Sales thread and have gone back a little ways, but I think your idea of going back and back and back is a good one.
     
  17. myfavorite

    myfavorite Established Member

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    Such info in the hand of newbies will seem like a guarantee of sales.
     
  18. richasis

    richasis Established Member

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    Then again, I fell in love with one that I met on a blind date (dropped domain).

    I so loved her that I waited FIFTEEN-PLUS YEARS to finally say, "Goodbye".
     
  19. myfavorite

    myfavorite Established Member

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    If it's true love and not infatuation, carry on:xf.grin::ROFL:
     
  20. richasis

    richasis Established Member

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    After fifteen-plus years, I got 90,000 kisses (if you know what I mean). :xf.grin:
     
  21. lock

    lock Startrz.com Starters Your Domains. VIP

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    The hardest part is not pricing yourself out of the market. You want to retain margins but still want to make a close. With right exposure a lot more might sell but it is more around highlighting the domain on sale and not the portfolio.
     
  22. richasis

    richasis Established Member

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    I agree... there's a fine line between pleasure and pain.
     
  23. myfavorite

    myfavorite Established Member

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    As long as it's not the kiss from Judas:xf.rolleyes:
     
  24. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    how do you measure this "industry average"

    who can do so?

    where is it published?

    I don't report 99% of my sales
    at least in the last 20 years

    so how come somebody knows how many domains I have?
    and what sold?
     
  25. turbo funk

    turbo funk New Member

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    *crumbles list of genius get rich quick schemes"
    jesus, im gonna have to start meditating or something; its tough to imagine waiting for 5 years, let alone 15+.
    but 90,000 kisses does sound like a nice way to die...

    this is definitely something im trying to carefully avoid, as well as holding onto a domain for FOMO. sh*t, 15 years and ill be 40.. what if i never sell PurpleTriangleDinosaurs.com??? i swear its a goldmine

    i think when i start to get more comfortable and confident in my ability to gauge a domains value, ill be less concerned. i think im starting to get an idea of how i should go about this and what to expect.
    anyways, appreciate all the insight and responses from everyone so far, thanks

    i give one kiss for all
     

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