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

 

[maxeaus]

As has been mentioned, it has been for sale a looooong time!, But we all agree you could sell it any day of the week.

Obviously it is your choice, you either meet the market (the buyers), or develop it if you are not willing to. It dose seem a waste of a domain being in limbo all the time.

In my opinion, rex.com would make a great site about dogs. But the niche is probably overdone, so it would have to be develloped to a high level for best effect.

Otherwise it could be branded into anything you want. Just needs to be used for something IMO. Good luck with it.

 

[owntype]

It's an awesome domain. Very impressive!

But it's over promoted in domain communities. I have seen it too many times but there's no deal closed. To be honest, I'm a bit annoyed to see it everywhere again and again from DNF to NP. (Please don't take it as offense)

The domain can reach 6 figure to the right end user for sure! And there are lots of potential deep pocket buyers there. You just need to be a little more patient and wait for the right offer comes in. A decent domain like Rex.com does worth the long waiting unless you do need to cash it asap. Or you need to lower the asking range to around $30k - $50k if you want to close a deal in domain forums.

Good luck!

 

[allroundguy]

$100,000.00 I would pay gladly, if I had it.

An "Overpriced" product/service means that it is priced too high from the viewpoint of an individual or a group.
It is purely a matter of opinions, thus - An example of subjectivity.
And, as we all should know, opinions are believed or not.
Imho, the term "Overpriced" is used too often and too emotionally.
"Overpriced" is imho not a business concept.
"Crappy" domains don't exist: Look at tdnam.com - tucows.com - msnbc.com - cj.com - cs.com - asseenontv.com - etc.
Eventually, everything gets sold.
Technically, any domain can be used for any purpose - At least as a redirect.
Trade is more dan buy low - sell high(er) ... It takes strategy, too.
Appraisals are just opinions, based upon personal ideas about the considered elements.
There is no global standard, and it hopely never will.
Who are they, to say what we should pay for something?
Right: The competition!

Rex.com is a nice example for a Empty Vessel domain.
Sooner or later, somebody do will pay any price to have it.
So seller and buyer both will be happy.
Isn't it that what we domainers are looking for?
The more, the better.
I wish You all the best!

And no, I am not related to the people that own rex.com.
I just sell domains ...
I pay what is asked, negotiate, or forget about it.

 

[Cronus]

It is a great domain, and I agree that it is easily worth $25K or more. But like others, I wish I heard a lot LESS about it. Almost all of joeyhavlock's 90 Namepros posts are attempts to sell rex.com at well above reseller prices (which is why every sales attempt has failed). There is nothing wrong with asking high prices on the sales threads (lots of people do it), but I wish Joey would stick to the sales/appraisal boards. He certainly knows where they are since he constantly flogs rex.com there too. The short name DISCUSSION forum is not for desperate attempts to sell your own domains.

Still, I wish Joey great success in selling the domain name ... so I don't have to keep hearing about it on the forums .

 

[-REECE-]

I have to agree with Nameguy. Honestly Joey, I would take it off the market until the economy recovers -- we can all agree to disagree on whether it's overpriced above a certain price or not, however when it's constantly being put for sale and being asked about, to us domainers that suggests it's overpriced because it's just not finding a buyer.

 

[iridium]

I've seen your sales threads for rex.com for a while. You are probably giving too much credit to the "dictionary definition" which in my opinion is counter productive.
I think the real value in this name is the acronym and very common use as a proper noun. Rex.com is obviously getting very solid type-in traffic due to that (around 500/day ?) which adds significant value to it.
Even on moderate revenue numbers this is easily a $50k domain and $100k is not farfetched. I do not know the actual revenue numbers so it is difficult to speculate further than that

 

[mjnels]

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.

domain appraisals should be based on a domains "liquid value".... i.e. how much the domain would get right now if it was sent to auction starting at $1 and no reserve price. in my opinion this is the only thing appraisals should be based on because really you can get any amount for a domain if you find a motivated buyer and a determined seller.. it just all comes down to how likely a sale is at that amount.

 

[joeyhavlock]

Gentlemen,
First off, Thank you all for taking the time to come here and provide your thoughts and professional opinions, it truly is appreciated.

It seems as though pricing is the issue that takes precedence in the forum conversations. What I find interesting is that our asking price seems to have stayed just above reseller pricing for the last couple of years. 3 years ago we were at a 1 million price tag and were receiving high offers of 250-400k+ on a pretty regular basis. When we dropped our price in half to 500k trying to be more in line with the outside world, offers seemed to drop along with it to 150-300k. Now that we have dropped our price even further, offers seem to drop along with it yet again. I guess the flailing economy for the past couple of years does play some role in this.

Personally I have always believed that REX.COM is a billion dollar name and any price we sold it for if sold would be regretted over the long term.

We are in no particular hurry to get rid of the name, we just have a lot of others in development that are humming along nicely in niche and well defined markets that are taking the majority of our time. In any business an injection of cash helps to push forward.

As I have stated before I have several partners and though the name is officially mine, there is a protocol at my end.

Since I am the only one of my team that is a member or is even interested in the domain forums I am the one that is regularly injecting the domain in here to see if there is interest from a domainer’s standpoint. We no longer are marketing the domain for sale anywhere else and mostly I inject it in these forums to see from a domainer’s response where things might stand. Offers under 100k are not even discussed very seriously with my partners anymore. We all are looking long term at this domain as well as our complete portfolio. As we watch the increase in sales, revenues and users from our other domains, less worry is placed on what to do with REX.COM. I feel that it should at least be made known that it is available for sale to the domain forums, my partners do not. Mostly I guess it is for my own knowledge while we wait for the right developmental process to eventually kick in to place.

As far as price goes, we are at the bottom-line and well below my own comfort level and value. As far as I am concerned there is only one REX.COM and it is a phenomenal brandable and marketable domain and could be used for almost any genre of product or service on the planet especially from the dictionary definition standpoint. You want to be the King of Flowers, King of the Social Communities, King of Real Estate, King of Domains, King of Electronics or King of Porn, REX would make an excellent brand name. Even from an acronym standpoint there are many markets were the dictionary definition would play and work well branding with the letters themselves, such as Real Estate, Entertainment or Finance. In due time without a sale of the domain, we will figure that out and launch it forward.

Anyway, I am sorry to exhaust you with the regular influx of REX into the forums. We are kind of tired of it ourselves for now and will be far less active in the near future.

Domainers old and new seem to come and go into these forums, so I just assumed that keeping REX.COM in the loop so to say might provide some valuable insight from you domain professionals on many levels, which is most definitely has and I again Thank You all for that.

 

[-REECE-]

I'm going to close this now Joey, as I think pretty much everything has been said on the matter. Best of luck finding an end user for REX.com