I'd love too to hear feed back from experts
I ran a little statistic on city+service domain names.
Out of 1.6 millions city+domains checked, I found that 85% are still unregistered.
Of course, big cities (NY, LA...) are quite crowded, but there are still a few decent domains available such as seattlebluetooth.com. On small cities (30k inhabitants), most domains are still free.
I'd be curious to know more on your 15% conversion rate
- how many sales is it based on ? (if less than 30 sales, your statistic is probably not much meaningful)
- what is your typical selling price ? (if you sell at $xxx, 15% is an excellent conversion rate)
My statistics suggest that there is soft demand for domains in this segment. I am not experienced in this field, but I think it's a number game with selling prices around 100$. I also suppose that there are good back-end possibilities (hosting, SEO, social media, reputation management...). Is that consistent with your own experience ?