REX.COM - Your Thoughts?

[joeyhavlock]

Hi Folks,
Since this is a discussion area for short domains, I thought I would pose some questions to you folks here;

1. What is your appraisal value thoughts on REX.COM
2. What is your acronym thoughts vs. dictionary definition, i.e. to be King; to domineer
3. What do you think are comparable domain names to REX, if any.

The domain is currently for sale, and has been available for purchase for some time now. We are going to keep it available for sale until the end of the year at which time we will probably embark on launching the domain into development if a sale does not happen.

We are not necessarily 'domainers' in your typical sense of the word I guess, but we a decent portfolio of niche domains which we are developing. We thought it would be interesting to receive some feedback from you folks here on REX.COM in general.

All thoughts and feedback are appreciated.
Regards
Joey

 

[Tim Schoon]

I think this domain has been on the market way too long, almost every domainer knows this one is for sale.

Apparently there are no interested domainers in the price region you want to sell it for, so I'm advising you to put this domain back in the domainfridge for a year+ or send it to auction.

I think this is a really brandable domain, worth at least high $xx,xxx - low $xxx,xxx but the current market probably isnt ready for it, so if you're in need of a sale, auction it off or just keep it off the market for a while and try again later.

Just my $0.02

 

[joeyhavlock]

I think this domain has been on the market way too long, almost every domainer knows this one is for sale.

Apparently there are no interested domainers in the price region you want to sell it for, so I'm advising you to put this domain back in the domainfridge for a year+ or send it to auction.

I think this is a really brandable domain, worth at least high $xx,xxx - low $xxx,xxx but the current market probably isnt ready for it, so if you're in need of a sale, auction it off or just keep it off the market for a while and try again later.

Just my $0.02

TM, thanks and I agree with you for the most part. I was not trying to sell it here, just trying to get some general feedback on value, acronym and comparables. We're not in need of a sale per se which is why we havent sold it for a song. We've had lots of interest, even from domainers, but none have reached the value we hold ourselves on the name. We do appreciate your $.02 though! Thanks, Joey

 

[Tim Schoon]

TM, thanks and I agree with you for the most part. I was not trying to sell it here, just trying to get some general feedback on value, acronym and comparables. We're not in need of a sale per se which is why we havent sold it for a song. We've had lots of interest, even from domainers, but none have reached the value we hold ourselves on the name. We do appreciate your $.02 though! Thanks, Joey

I really wish you good luck with the sale, it's a golden domain!

:tu:

 

[joeyhavlock]

I really wish you good luck with the sale, it's a golden domain!

:tu:

Thanks TM! I've always thought so too

 

[NameGuy]

Overpriced.

 

[joeyhavlock]

Overpriced.

Appreciate your input, but I didnt place a price in here.

So, if you feel it's overpriced, what would you price it at NameGuy?

 

[NameGuy]

The max I would pay would be 25K. Anything over 50K is IMHO unrealistically overpriced. Asking over 100K is IMHO absurd.

 

[joeyhavlock]

The max I would pay would be 25K. Anything over 50K is IMHO unrealistically overpriced. Asking over 100K is IMHO absurd.

Thanks for the input NameGuy. Can I ask what are you basing your appraisal on?

 

[NameGuy]

Being a domain buyer and seller for 12 years. If you really want to sell it, which I take it that you do since its been listed everywhere for years, then I suggest scaling back your expectations. Price it at $60K or so and reduce it gradually until sold.

 

[joeyhavlock]

Being a domain buyer and seller for 12 years. If you really want to sell it, which I take it that you do since its been listed everywhere for years, then I suggest scaling back your expectations. Price it at $60K or so and reduce it gradually until sold.

Thanks again for the input NameGuy, it really is appreciated. But again, can I ask what it is that you are basing your appraisal value on?

 

[ofclean]

$25k?

How many sales of 3-letter first-name .com domains have gone for $25k? $50k?

You admittedly know a ton more about domains than I do, but that sounds like a random number.

 

[mjnels]

But again, can I ask what it is that you are basing your appraisal value on?

he just told you. experience... what else would you base an appraisal on?

 

[joeyhavlock]

he just told you. experience... what else would you base an appraisal on?

I would assume in part based possibly on revenues, the letters themselves, real word value, acronym value, potential end-users, and maybe age as well as comparable recent and past sales to begin with, much less brandability and marketability. Experience would definately be one component I guess, but being that we have 5 solid current offers recently just from domainers in the forums over the high price that NameGuy gives the name, we are just curious as to how his values are acheived.

 

[NameGuy]

25 is what *I* would pay. If I'm going to spend more than that, I'm going to buy something else. But I would expect you can get 50 for it based on the offers I've seen. It's a good name, just not quite as good as I believe you think it is based on the price you've been asking. You've been trying to sell it for a long time. It seems if it was really worth your asking it would have sold by now. If you really want to sell it, lower the asking. Otherwise, hang onto it for a few years and maybe you can get that much. Domain prices are depressed right now. It's a good time to buy - not sell. Maybe I'm wrong, its all subjective anyway and also finding that one buyer willing to spend big bucks. Case in point, the sale of abl.com recently selling for 50K. Good luck to you with the name.

 

[Napkin.com]

It's a great name,
and probably worth the lower 6-fig asking price.

However,
Not many of us are shelling out $100K/$200K etc
for speculative domains (8 months ago... yes).

REX is an awesome name, very brandable,
but it's only VERY valuable to these people:
"Rex" companies who absolutely must have their
domain name
OR
People with a defined plan for a site, in which REX would fit perfectly.

Unfortunately, a certain product or service doesn't present itself automatically with the REX name... so
it would be difficult to see a return on an investment without
more money spending on promotion (as in the case when you buy ANY domain).

I have a few "REX TYPE" domains...

Great names... but no specific product or direct use associated with the name.

Worth $100K?
Absolutely.
Worth $100K in today's economy?
Yes.
Worth $100K to domainers?
Ehhh. maybe.
Worth $100K to someone without a well defined plan
for the name or the need for a killer name for branding.
No.

Just my opinion.

(which is what was asked of the original post)

 

[liquidcherry]

Well let me put it this way....if i culd spend 25k i would buy it right away......if the price would be 50k and i would have that kind of money i would spend it as well.....but in this kind of mess economy wise, i don't know ....thats just because my dog is named REX..LOL


Cheers

Frank

 

[Napkin.com]

Agreed.

$25,000

It's a no brainer.

But joey would be giving it away for that price

 

[Nem0]

REX.COM - Your Thoughts?

I don't know much about LLL.com names, sorry, but if you happen to find a buyer who has a last name starting with F please be sure to mention my RexF.com to him for a possible 20% commission :D




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