domain Recieved Sedo offer on this Keyword . Pro

[siga]

Location.Pro

Recieved a lowish offer on sedo which I countered, the bidder has doubled the initial offer. Which I still think is very low @ 500 euro (- minus 150 commision) interested to hear appraisals on this domain please.

Thanks for your time.

Simon

 

[rmg]

Hi, there are some .Pro pros here lol

I have no idea, if you get no answer maybe try to use this thread http://www.namepros.com/522420-the-pro-discussion-53.html

 

[Spade]

I would take it. I think its a fair offer, and I just dont see that many .pro flying off the shelves.

 

[tvdotcoms]

take it. Fair price imho

 

[000]

I think you should either just take the offer, or counter with, say, 750 Euro (of course risking losing the sale).

I don't see a whole lot of .pro sales.

 

[Smartphone]

Take it. Dont see .pros going for much undeveloped .

 

[MasterOfMyDomains]

I'd take the 500,but 150 is a big commission,tell them 650 and you pay fees

 

[akcampbell]

Personally I would want more. 350 Euros after commission barely covers cumulative reg fees from March 2005. There are 2 developed sites with inferior derivative domains, LocationPro.ca and LocationPro.net, that underlines the excellent association between Location and Pro. I had a $1,500 offer for Relocation.pro on Sedo in April 2008 and didn't accept.

Here are some .pro drop prices on SnapNames in the last 3-4 weeks; Politics.Pro $600 (I bought it), Data.Pro $700 (another NP member bought it) and Chess.Pro $600 (sold this Thursday, not sure who bought it yet). You would expect a motivated buyer to pay more on Sedo than a .pro enthusiast on SnapNames. Also, look at the registration years of Chess.pro and Politics.pro, 2006 and 2007, Location.pro is 2005.

Location.pro would be a perfect name for a company selling office space or for any professional who moves around and works "on location", My most prized .pro domains are anything to do with professional context, for example Office.pro, Studio.pro, Mobile.pro, Salon.pro.

Location.pro could be used as a property site with the Pro doubling up as property, implying that you are a pro at finding people the right location to live. It could be used by a property consultant who looks for office locations for blue chip companies, it could be used be a sat nav company, a personal security company tracking cars or people. It's a very versatile brandable domain, neater, purer, better fitting with the extension and more impressive than most of the gubbins that gets touted on NamePros.

Location.pro is a $5,000 domain to the right buyer, I'm sure of it. Keep this one long term until you find a motivated buyer. For now send a reply to the bidder on Sedo pointing out some of the genuine reported .pro sales like Chef.pro, Book.pro, Guide.pro, Freelance.pro with prices and dates. Have a look on dnsaleprice.com. Say .pro registrations have risen approx sixfold in the last year and Location is an excellent fit with .pro, a valuable, commercial, versatile keyword, and was regged over 4 years ago in the first week Encirca's Pro Forwarding service was launched. If you want to counter, I would counter at 5,000 Euros in the bid thread but then tell them in the text you send that you would accept a counter offer of 3,500 Euros or you would send it to auction for 2,750 Euros. Keep the gap between Buy Now and send to auction relatively modest as an incentive to skip the auction process, that way if the bidder is a motivated buyer, they will pay the extra to avoid hassle.

My key domain maxim is sell your best domains last. I think Location.pro is your best .pro so don't give it up without a decent offer. You did well to pick it up, so let it roll a couple of years and see what happens.

My view is that continued losses will force RegistryPro to become ever more commercial in their approach to .pro, they are beginning to show green shoots of that by applying to ICANN to amend their contract so they can issue 1, 2 & 3 character .pros and sponsoring the ICANN June 09 International Meeting in Sydney. Hopefully, by rebuilding trust and credibility with ICANN they will be able to get the residual restrictions removed which will give .pro a big shot in the arm with registrars and end users.

.pro is far more brandable, credible and impressive than extensions like .tel, .asia, and .mobi that have been brilliantly promoted by their registries so there is room for a little out performance in the next couple of years over and above the recent strong rise in registrations.

Holding .pros is frustrating because RegistryPro is so ineffective but the best strategy is to drop your weaker .pros and look to add more quality on the drop at SnapNames, selling your best .pros at firesale prices and giving Sedo a 30% commission in the process doesn't make sense.

 

[siga]

Everyone thanks for taking the time to provide your advice. I appreciate it.

The offer has now expired. This domain was one of the first I searched for when I heard of .pro. Going to take akcampbells advice and counter, if it does not sell I'll hold it for a few years and see how it fairs then.


Thankyou

 

[r3born]

Is the buyer from France? Location means rent in French, it's a high-quality keyword.
I wouldn't sell it for less than 2000 EUR.

 

[siga]

Thanks R3born the bidder is from France. Thats valuable information which I did not know. Rep coming your way!

 

[Sam]

IMO .pro is a dead market, don't get too greedy or you will lose a potential sale. I've done it plenty of times and regretted it. I'd say counter at 1000 EUR. He shouldnt just cancel at that price.

 

[johname]

commission eats up this deal while location may be a good word in france, is pro a good extention in france? i would work the pants off this deal and get it done

 

[akcampbell]

.pro could work well in France if restrictions are ever removed. Here are some positives;

1) OVH is one of the biggest .pro registrars and it's French.

2) Pro has the same meaning in French as in English. For example, FrancePro.fr sold for $5,412, that's the 6th highest domain sale with the word Pro in the keywords.

3) If you check Registry.pro, Trains.pro was regged by SNCF in September 08, SNCF employ 180,000 people and operates 14,000 trains daily. A couple of weeks after it was registered I got an expression of interest in Train.pro from a French Yahoo email address.

4) The highest .pro sale in the last 12 months was Freelance.pro. The buyer was French, he's a member of NP. The site is developed.

.pro is a relatively new, restricted extension, presently maybe 5%-10% of people are eligible to register it and it's only sold by 5-6 registrars of note. Buying .pro, either for development or resale, is in part a speculation that at some point restrictions will be lifted, and .pro will be sold and used more widely.

Saying .pro is a dead market is illogical. It was never alive to begin with, .pro wasn't speculated on enough for an aftermarket to develop, it's out of reach for 90% of domainers. .pro is what it is, a little known, little used, but very brandable (there are more Pro trademarks then virtually all alternative extension trademarks put together) gTLD that fits a wide variety of keywords, with the right marketing it could be much bigger than it is now because businesses want to project a professional image, sell a Pro service (eg Sedo Pro), or be regarded as a Pro.

 

[r3born]

I don't think that .pro is a dead market. "Pro" sounds very good in French. If the domain is right, it could easily fetch mid €€€€ in my opinion. There are not many domains that would be eligible though, mostly professions and activities (comptable.pro (accountant), demenagement.pro (moving), etc.).

I own investisseur(s).pro (investor) and will use it for a personal blog on finance/marketing if I get some time. I wouldn't sell it for less than 5k EUR.

How did the deal go?

 

[siga]

Guys thanks for the additional info,

Sent a message restating offer but providing choices for buy it now or push to auction. No word as of yet. There first counter offer to my reply took over a week so dont expect it to move to quickly. If I get any action I'll post it up.

If not I'll keep renewing it till I have the time and resources to do something with it or sell it.

 

[mjs]

R3born and akcampbell, in combination, offer outstanding counsel. French speaking persons represent a highly significant percentage of my Sedo offers. Further, I believe that ICANN's most recent release of .Pro stats, has France as the second highest holder base, approaching the twenty percent mark. That said, I have reason to believe that the French tend to be tough negotiators. "Tend" is as far as I'll go, lest I overgeneralize. An example of this tendency concerns my Sedo listing of immobilier.pro (real estate) Although I've received 23 offers to date, none have come close to reflecting what I would construe as approaching market value. If your buyer does reply, or you otherwise initiate, I would have your stats ready (ie. searches, .Pro sales, etc) and would note your understanding of how your keyword is used in France. I would not expect them to assume your knowledge. In fact, their assumptions to the contrary, may be part of their bargaining strategy. When they realize who they are dealing with, they may well return with a more reasonable offer. I, indeed, hope they do, and applaud both your inquiry and the replies received. Good luck!

 

[siga]

MJS thanks for your comments, I was hesitant to explain my understanding of the translation to avoid patronising them, untill you mentioned I now appreciate it gives a more level standing.

Everyone: I recieved a counter offer with a slight increase shortly before my offer was to expire. I have countered again but backed it up with facts, figures and evidence of the high search stats for the term while explaining it translates to Rent in French.