NameSilo

Reporting sales can get more expensive than you think

Labeled as information in General Domain Discussion, started by Lox, Apr 15, 2021

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  1. Lox

    Lox _____ VIP Gold Account

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    Is reporting sales @ NPs hurting your relationships with your clients or networking.

    In short, Yes!
    Luckily, 20 min before submitting a .com, low $ 6 figure sale report, sold to Fortune 500, I get a very long email from my client explaining that I should be able to keep my fingers up and mouth quiet.

    After you been brushed up on report sales thread and a day after you or your client find out ... the same name was registered in . net, .org, nGTLD extension, you need to ask yourself; did I made a mistake or did that person that was not so happy with the reporting. The brain figure out - I and my client we are a little bit dummy ... so reg. and corner them. Send a message with the price .com was sold, link to the NPs report sales thread and try to sell the domain name to your client.

    (Whatever food you want to feed your brain ... choose something else , more vitamin based. This ain’t going to be a very good / long game and the future of your domaining is questionable. Good luck w that!

    Anyway, problem solved. Reporting sales

    Regards
     
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  2. blogspotter

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

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  3. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

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    Reporting sales does not, and can not, help your business any aspect. Think about it. Even in a friendly NP thread... Interesting that some folks contribute to NP exclusively (or almost exclusively) by reporting their sales. Why is this? Nothing more to say? I added at least one member to my ignore list because of this, nothing personal...
     
    Last edited: Apr 15, 2021
  4. alcy

    alcy Top Contributor VIP

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    tell them its 1k extra on the price if they want u to be quiet.
     
  5. Lox

    Lox _____ VIP Gold Account

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    I was hoping, somehow NPs can be moved forward and then we can take a look at it again and lift up the price. Too many dn priced for $xxx hurting secondary market (thx to not so brave or hungry minds have to follow the GDV, EBot etc). But I was wrong about the “move forward”.

    (The domaining is a side effect of my other business and is not important at all. )

    Regards
     
    Last edited: Apr 15, 2021
  6. Lox

    Lox _____ VIP Gold Account

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    That’s the best way to do ... be quiet. :)
     
  7. Kingslayer

    Kingslayer Top Contributor VIP

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    I made the decision about a year ago to not report any more of my sales.

    Reason why - Make a good sale and people get jealous, I’ve seen it many times on here. The guy who sold hatred dot com, people calling brokers liars and I’ve seen it in the VR/XR threads.

    Also another reason I don’t report sales is I believe the buyer should be the one to make it public (if they wish to do so), when I’m buying, I don’t like it when the price that I paid for the domain is made public, so if I don’t it, it’s hypocritical for me to do what I dislike when I make a sale.

    Appreciate those that do report sales and i find it helpful, but yeah that’s my own stance on it.
     
    Last edited: Apr 15, 2021
  8. pokainc

    pokainc Top Contributor VIP ★★★★★★★★★★

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    overall if domains are masked or just an image has been put instead of text it helps to get a sense of the market without it being indexed much, but unfortunately many people instead of being thankful as you said try to pitch other domains to the buyer.... no respect... and mostly saying how cheaply you bought it if bought cheaply for that one.. is an insult to the buyer...
     
    Last edited: Apr 15, 2021
  9. griff

    griff Top Contributor VIP

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    It definitely makes sense to withhold sales when it's a repeat client, many of the biggest brokers do this.

    If it's an impersonal end-user BIN on Afternic/DAN then it's very helpful for the community to share and get hints on industry trends imo. It also gives you credibility in a space where anyone can say what they want without evidence.

    I know there are some spammers watching the thread + it's indexed which sucks - would help if the mods would listen and remove the sales thread from being indexed on Google, or perhaps a private Discord is a better place to have a sales channel.
     
    Last edited: Apr 15, 2021
  10. karmaco

    karmaco Top Contributor VIP

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    I stopped reporting awhile back for many of the same reasons mentioned above. All reporting on here should be masked imo. Small talk and prying questions should be abolished on that thread too. Many do not report anymore here.

    If I want to report something I send to DNJournal and even that I only do for certain sales.My personal opinion is I only want to see 4 figure and up sales reports and not every single tiny flip. The sales thread here has become much less important to my browsing.
     
    Last edited: Apr 15, 2021
  11. FolioTeam

    FolioTeam AMDB.tv VIP

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    While I agree with most of what you said, the issue is mainly those who go back to spam those buyers with their names simply because Domainer A sold a similar keyword name. That's not cool on any level even if the sale was an impersonal BIN sale.
     
  12. alcy

    alcy Top Contributor VIP

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    jealous.. wow... I didn't know 12 year olds were on np.

    bottom line is.. those who mind dont matter...and those who matter dont mind...
     
  13. DnFolk

    DnFolk Top Member Epik.com Staff VIP

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    Initially when i joined NP i used to report my all sales then i faced similar problems. Lot of plagiarism to my buyers then i decided to report only 25% of my total sales only those where there is no or least chance of plagiarism. Recently i'm reporting 30-40% of my total sales, this post is a good reminder for me once again to take care and be wary on the domain sales i report.
     
  14. Samer

    Samer Top Contributor VIP

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    Sounds like he didnt have confidence in the amount he spent on the domain in question.

    Appreciate the honesty, this does more harm. Tell your client, people disclose millions paid.

    Love u, @Lox but this bit news makes me sad. List NP “Spammers”, shame worst of worst.

    It should be against the rules to contact people shared in “reported sales” thread.
     
    Last edited: Apr 15, 2021
  15. Samer

    Samer Top Contributor VIP

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    The client probably got bothered by NPers.
    Only thing that would justify. I’ll push back with:
    339FEE4C-E9E5-45C1-A1CC-C4D76E0EDD1D.jpeg
     
    Last edited: Apr 15, 2021
  16. DomainBarracksRob

    DomainBarracksRob Top Contributor VIP

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    Yet all the top player and big sales get reported and that seems to just fuel nothing but positive results.

    Such as the $2,000,000M (Today)

    1 word .com sedo broker just reported on LinkedIn


    I think it’s depends on the the name, the sale, and the client, but yes it can hurt your relationship with one client ...but the reporting of a great sale, can lead to spotlight attention...that can possibly bring even more sales and a larger sales

    I understand not wanting to upset a client! But honestly most BIN will always be 1 off buyers ...we are not selling pizza to our weekly favorite repeat customers.

    Now if you have a very private in depth discussion with a client and they make purchase then perhaps yes I can see some not wanting that info shared.

    Random BIN on Afternic...fair game

    Can reporting hurt us...for sure as pointed out many on here will go behind you and try to upsell your last domain name buyer..and that ...is NOT cool!

    Anyway nice 7Fig sale reported today by Sedo! Look it up or wait for someone to post it.

    I am wary of sharing sales but I believe there’s more good in sharing than bad...but I for sure don’t won’t to upset a client regardless.( I don’t report every sale either)

    Kudos to all.
     
    Last edited: Apr 15, 2021
  17. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    what you speak of, is an issue, but it's broader than that.

    without or before reporting,
    then what are you using for "comparables"

    without or before reporting,
    what would reporters have to report?

    as is, reported sales are used by a large majority of domainers,
    they can be "idea centers" for folks to scour and try to conceive of pairings to make a domain with, and register simply because of keywords and past sales.
    or it can be used to make price assessments of their own holdings, based on past sales with related kwds.

    so, yeah, reporting sales can get expensive,
    because those savvy enough to collect, process, organize and deliver that information, can charge a fee or sell ad space.

    the more data received/submitted, then visitors increase, which means higher cost to maintain the service.

    i'm sure you've all seen sales post, where past sales comparisons were included in the advertisement.

    imo...
     
  18. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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  19. twiki

    twiki Top Contributor VIP Gold Account

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    I look at these things from a very different angle.

    The question we should ask ourselves is this: Does the reporting of other members help?

    Yeah, it does. And a lot.

    If everyone would decide suddenly to stop reporting their sales, would you get such information anymore?

    Not really. Nope.

    And I must observe, domains reported here and Namebio or whatever are two very different things. Many of the sales reported here never made it to NB.

    So by reporting, you return the favor to a community you benefit from. That's what I do.

    Of course, nobody forces you to post your top dollar sale. 6 fig sale? Probably not so wise to report that.

    But with everyday domains, the information gathered here is valuable to a lot of other domainers. And while many sales are small, those which are big inspire us. And by giving such inspiration, prices increase on valuable domains, that otherwise domainers here might not have a clue they're worth that much. And in some cases, yeah, it did apply to yours truly.

    So I report my sales, and I thank everyone else for their reporting. Yes it helps.

    I also post longer articles and try to share my knowledge as much as possible. I know that by sharing this I might make a few competitors stronger. So be it. It will also push me to up my game, which means, against everyone else, I'll be better.

    Well, also, I've seen the other side of it. Communities that stopped being informative and valuable for the other members - they died. And I was a proud member and put 10 years on such a forum. Was amazing back then. It has died meantime.

    In a way, it's sharing a piece of what you have, with others. It's easy and enticing to become self-sufficient and not sharing anything anymore. The drawback is, then the same things happens in reverse and nobody is able to make a good business anymore.

    That's how I see it.
     
    Last edited: Apr 15, 2021
  20. ReallyBigIdea.com

    ReallyBigIdea.com Restricted (Chatroom)

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    I do not report my sales as well. Only Afternic team knows my sales :) so i keep them private because appreciate the buyers.
     
  21. CraigD

    CraigD Top Contributor VIP

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    If someone is paying you for something, don't go and sing about it.

    They have a right to expect discretion.
     
    Last edited: Apr 16, 2021
  22. CraigD

    CraigD Top Contributor VIP

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    Twiki,

    I respect that you are giving back to the community, but do you think it is possible to report sales without mentioning the exact names sold?
     
  23. twiki

    twiki Top Contributor VIP Gold Account

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    Without the name, what's the point? The information is missing.

    "I sold something for xxxx...." useless...
     
    Last edited: Apr 16, 2021
  24. Linorth

    Linorth Established Member

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    I think unless you deal specifically with domain investors (selling bulk or liquidating names repeatedly to the same buyers) reporting or not reporting your sales makes zero difference in terms of future sales.

    if your target crowd is the end users, then you should know that you are not running a shop to get repeat business based on reputation. most of your sales will be a one off sale. and lets be honest, if your names are not what the costumers want to pay for, your good guy status is not going to change their mind about your names.

    I get not wanting to share in case others contact the buyer to sell them their shit, but that is not a reflection on you as the seller. its something the buyer has to deal with and in most cases is just going to take a click on "report spam" button.


    the benefits of reporting the sales far outweighs the cons, imo.
     
  25. tonyk2000

    tonyk2000 Top Contributor VIP ★★★★★★★★★★

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    https://en.wikipedia.org/wiki/Compensation_(psychology) :

    In psychology, compensation is a strategy whereby one covers up, consciously or unconsciously, weaknesses, frustrations, desires, or feelings of inadequacy or incompetence in one life area through the gratification or (drive towards) excellence in another area.

    .. may be a real reason why, at least in some cases, folks do report sales.

    And, we should respect our buyers. Even one-time buyers. If they want their sale to be reported - let them do it themselves. Not all buyers want their purchases to be reported, obviously.
     
    Last edited: Apr 16, 2021

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