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. karmaco

    karmaco Top Contributor VIP

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    Can I ask how reporting low wholesale sales/flips helps us? If we all did that the report sales thread would be ten times longer. Most of us are in this for end users not cheap flips. So the benefit of flips in relation to other domainers is where I find it fuzzy. There is something to be said for discernment and reporting what matters to the group as a whole or notable end user type sales. But thats just me. I don’t care about bargain basement sales but I suppose some do.
     
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  2. twiki

    twiki Top Contributor VIP Gold Account

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    Nobody knows everything.

    I use this to:

    - Learn about new niches and new keywords, or having overlooked some

    - Trends

    - Changing prices on some domains I might have undervalued (happens)


    - At least some base assessment of whether the market is going up and down depending on how many are reported (we all know it is slow right now)

    - Seeing how well each venue performs and learning about others (for example I don't yet use brandable marketplaces)

    - Information about direct sales / outbound (I'm learning that as my process is 99% inbound currently)

    And a ton of other things...


    Edit: I asked the thread whether I should stop posting my sales and got an overwhelming response to continue posting.

    My rather constant sales are inspiring to many others so it is clear they appreciate and need them, if not for the info then at least for the morale.

    Many domainers who haven't yet reached profitable stage are in deep need of a morale boost. I made losses in my first year so I know how much this is needed. Nobody could encourage me at the time, except seeing how others are making it work.
     
    Last edited: Apr 16, 2021
  3. twiki

    twiki Top Contributor VIP Gold Account

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    Not everyone cares about what
    Also, domainers are different. There are different methods, different portfolios, different types of domains, sales etc..

    Indeed some care about what you call bargain sales, and i call market prices. The market prices are those in the 100-300 range mostly. You are likely a retail investor, focusing on higher end user sales - well in this case I definitely understand it's not useful to you. But yes it is useful to others.

    I have a wildly mixed portfolio, comprised of market level coms, retail coms, various ngtlds etc. For me both the retail and the market segment are lucrative. In fact market deals bring in the bacon and retail sales bring the 20-year old scotch on my table. Edit: I'm always go for a $299 domain if it will never sell for 2k, but if I know I can flip it fast for that amount. It all goes in the bank.

    So we have to simply look at what interests us, post or not what we feel comfortable with, and simply acknowledge that different people are interested in different things, even in the same field.
     
    Last edited: Apr 16, 2021
  4. scithe

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

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    Out of curiosity once I bought a guide from a domain guru on the Warrior forums some years back. He actually encouraged registering .net and/or .org if the .com sold for a pretty penny. It's been a bit but I think he had suggested that .nets could sell for 30% of the .com value and .org about 10%. As someone who owns developed sites, I'm totally cool with a domainer holding my .net or .org and paying the reg fee for years and years, I'd be more upset if an end user grabbed one and started developing.

    Anyway, the guru suggested you go to a site like Namebio or Flippa and check the sales, then check for .net and .orgs that were open for reg and then e-mail those buyers. I don't know if that really works. I'm not interested in trying. I see that Namebio owns their .net and .org and someone is sitting on the .co and .info asking $4330...lol but why would anyone want either of those names? I imagine the only traffic they get is from people like us when conversations like this come up.

    When I bought my first house back in 2019, I was hit with mail from a variety of businesses. Some were trying to scam me with offers of fake deeds. Others offering insurance, appraisals and more. Heck, I get snail mail offers for domain name search engine submission bills from time to time. So it's not a surprise that domain owners get hit with offers.

    I don't know that the namepros 880+ page thread is really making things that much worse for people. Especially when there's plenty of sites sharing sales that happen on their sites.
     
  5. SuperDudePro

    SuperDudePro Established Member

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    Lol, appreciate the amateur psychology. I'd stick to domaining or whatever makes you money.

    I do it because it helps me that others do it and I'm returning the favor to keep the ecosystem going. No need for compensation. Maybe look up projection and do that one next.
     
  6. lock

    lock DomainUsed.com VIP

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    There are some pros and cons to reporting pros are your active and obtain a respectable margin. The cons are you are questioned on crediblity or your customers feel insulted. I have been asked by previous customers to obtain domains so that doesn't work if reporting history.
     
  7. The Durfer

    The Durfer Top Contributor VIP Gold Account

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    why cant namepros just not let google crawl that particular thread, anyway to do this.
     
  8. LUP

    LUP Top Contributor VIP

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    i just realized when i put anything on nP, several times i can easily search on google and found it!
     
  9. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

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    Lox.....of the 2,700 .online domains I own probably less than 100 of them come from NP. About 50% of them come from my personal experience naming businesses, and the remainder of them come from sites like Sedo, Brand Bucket, Namebio and a host of other brokers. I'm only concerned with what's left of the dot as what's right of the dot is pretty insignificant in the big scheme of things. Just go to BrandableDomains.com, and what you see on their first page are now .online domains in my portfolio. .online is the hottest nGTLD, and it fits with most names especially virtual names and anything sold "online". Thanks for all your help Lox(y)
     
  10. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

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    scithe....whats funny is I've never seen the 880+ page NP thread you're referring to. However I do use sources like Namebio and major brokerage's to register .online domains that fit my narrative. I've now registered over 2700 .online domains, and I haven't scratched the surface. The guru you refer to could have been me if I only knew about this industry back in the day. If I sound overly confident I am...that's why my vanity license plates read "Name Guy"

    I'm not your traditional domainer....."Niche" domaining is my thing, and I'm getting better at it everyday. I make more than enough sales to get by, but there are some real clown's here on NP who attempt to force my hand. Essentially, the world is SICK and getting SICKER:xf.wink:
     
  11. scithe

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

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    It might be worth your time to check out that thread. If you are registering names that are taken elsewhere, it might be worth your time to see some of the names that have sold in the last few months in other extensions.

    I assume with .online though that you are targeting different things like cities/states/provinces/countries.
     
  12. King

    King Investor & Creator VIP Gold Account

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    This was hard to read honestly, but the only reason people would report a private sale on here is to flex and gain domain cred lol. I am in the middle of wheater or not I will report a big private sale on here.
     
  13. ThatNameGuy

    ThatNameGuy Restricted (15-30%) Gold Account

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    Thanks scithe....i did check it out and actually joined.....thanks. In addition i registered the .online version of Warrior Forum to give to them if they want it. Keep in mind I said "give" to them, not to be confused with cybersquatting.

    I keep up with names "sold" daily, but mostly I follow names that are "listed" for sale and if i see one I like and it's available Voila! .online has many other applications than cities/states/provinces/countries. It's my opinion that anyone running an internet business should own the .online extension of their business just like they should own both the singular and plural names.

    Back to reporting sales....i've held off reporting my .com sales, but I intend to report .online sales/leases very soon:xf.smile:
     

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