NameSilo

Sacrificing a good domain for $ 5 ( ridiculous price battle )

Labeled as debate in General Domain Discussion started by gipson, Nov 3, 2019.

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  1. gipson

    gipson Next Domain Market VIP

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    More than a year ago i put for sale here the domain Virtual Tax Office dot com for just $100 ..and not once, but several times, but nobody was interested, then in my last attempt for the same price, someone offer $35...amount that was rejected... by the end of the year, I started receiving offers for one person, from the 100 to 1500 which was the final sale price.

    In case you have not noticed what happened here I emphasize it.. someone missed the opportunity of win $1500 for try to earn more from me, and this is what happens 99% of all my domains for sale here (100 or lees than the price what do i expect) they don't materialize because the other part try to win a few dollars more...and when I say some dollars, I mean even $ 5 bucks.. what is sincerely ridiculous..from an investment vs. profit point of view.

    I means, what is this about ?... try to win the one who registered $5,10,20, $100 ..and if not you dont want it anymore or see the opportunity above all and when I refer to seeing the opportunity I do not mean the typical fantastic explanations about what you domain is great but to specific results since the technology or services industry is going in that direction ... Like when Rick S buy for $2K smart glass dot com, you believe that Rick was going to quit for $100 ? I do not think so...and by the way, the moment he bought it that word..there was already information about where the technology was going.
     
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  2. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    Congrats on the sale.

    If it was possible to predict the future it would make the business a lot easier.

    You have to account for all the domains that don't sell, just not the ones that do sell.
    Therefore you need large margins on the ones that do sell.

    Brad
     
  3. Recons.Com

    Recons.Com Top Member VIP

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    So your rant is that people should be paying for your 2, 3 word brandables $100? And the fact that it sold for $1500 proves it?!

    Again, how long have you been investing into domains?

    Someone would need to buy 100 names from you at $100 for 1 sale of $1500 to happen. That is $10K investment to earn $1500 - 850 for renewals = 650 or 6.5% return which is way to low given the level of risk.

    Unless you claim that your names sell at much higher sell through than 1%? What rate are you claiming?
     
  4. Peak.Domains

    Peak.Domains Established Member

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    It works both ways, you were only $5 away from throwing away a $1500 sale.

    What about the buyers who didn't negotiate as hard on a $35, $40 name and ended up flipping it? You could have left thousands on the table, too.

    Hindsight is a game changer!
     
    Last edited: Nov 3, 2019
  5. Trinicon Industries

    Trinicon Industries Established Member

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    Just my observation.

    Selling a domain here on NP is more like wholesaling a car at a dealer auction.

    IF it sells, you'll get a few bucks, but nowhere near what you could have gotten if you marketed it externally to someone who actually needs it.

    The domain you mentioned isn't worth $5 bucks to me, so I'd have taken the $35.

    Also on the timing aspect, I can see this domain getting no interest until around tax time.
     
  6. BaileyUK

    BaileyUK Top Member VIP

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    OK I guess this is a rant about not receiving at least $100 dollar offers on all your listed domains. That's not something I would expect from a seasoned hand. A newbie maybe.

    A one off sale is not a reflection of inventory - sure nobody bit at the $100's Does that make the domain worth more than $100. How you gonna handle seeing it sold for $10,000 plus (if it happened) Does that now make the current buyer a cheapskate.

    I'm lost as to your logic
     
  7. NamePrime

    NamePrime The Godfather VIP

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    I guess the OP wants it to be a lesson for "cheap" buyers but I guess it's more of a lesson for him. To be more patient in holding his domains and not rushing to sell them cheap.
     
  8. Avijit Roy

    Avijit Roy Upgraded Member Gold Account VIP

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    Love the counter here.
     
  9. BaileyUK

    BaileyUK Top Member VIP

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    I guess the other lesson would be for potential buyers to First scan the NP sales threads (NP search is pretty fast and going back years) , on the off-chance of seeing what value the holder really values his domains at before buying at $1.5k
     
    Last edited: Nov 3, 2019
  10. Recons.Com

    Recons.Com Top Member VIP

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    You'd be surprised, but NP does exceptionally well at ranking on Google. You search for the word and it shows its .com for sale on NP on first or second page for peanuts from end user perspective.
     
  11. gipson

    gipson Next Domain Market VIP

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    Sure and I agree, but..but as I said before I don't talk about domains with fantasies technologies keywords, talk about things that are in their beginnings...what I want to say is, I research all over the internet, in several document format, then i found what is that keywords, something different from the typical combination of generic words....
     
  12. BaileyUK

    BaileyUK Top Member VIP

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    Thanks Recons - yeah I have seen how well NP posts appear in Google, hence you've only ever seen one of my domains listed here and even then it was $500
     
  13. gipson

    gipson Next Domain Market VIP

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    They are two different circumstances.
     
  14. BaileyUK

    BaileyUK Top Member VIP

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    Perhaps you should team up with ThatNameGuy - Sorry no offence meant but I couldn't help notice the similarities
     
    Last edited: Nov 3, 2019
  15. gipson

    gipson Next Domain Market VIP

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    I don't know who that person is, It doesn't offend me, I'm just giving my opinion, if someone is offended it's because they do exactly that.
     
  16. BaileyUK

    BaileyUK Top Member VIP

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    Well if something doesn't make my happy - I'll quit.

    gipson I know your an allright guy. So maybe just getting something off your chest - nothing wrong with that but, it does read as a frustration build-up that perhaps needs a better understanding of the NP market. My advice stay away from the sales listings on here, unless buying. Keep the long-shots going at end-user pricing on all the right platforms.

    Problem solved.

    PS I would've thought that $1.5k sale, would've put you in a better frame of mind - I'd be thinking, thank God I didn't sell it for a measly $100
     
    Last edited: Nov 3, 2019
  17. Recons.Com

    Recons.Com Top Member VIP

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    I believe the logic was that from now on I post something for $100, you better rush and buy, don't haggle )
     
  18. BaileyUK

    BaileyUK Top Member VIP

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    Yeah - I got that bit as well. But thought bugger if I'm going to post-it ;) Reminds me of all those "Lets Discuss" threads - Please See post number 2, 4 and 8 for what I'm selling
     
    Last edited: Nov 3, 2019
  19. equity78

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

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    As @bmugford @BaileyUK and @Recons.Com have elaborated on, this is not a logical take, and I would have titled this, WOOOHOOO a name I almost foolishly gave away for $100 here, I sold for $1,500 to an end user.

    People have to haggle and stop bidding at some point or nothing makes sense in buying domain names, It happens all the time, it's the story of every auction where the winner flips the name right?

    Ok so Flexable.com just sold for $19,800, the seller was the winning bidder back in May on DropCatch for $1,830 should he be tweeting or posting, "Hey losing bidder you suck, you should have outbid me, because I just sold this name for $19,800"

    This plays out everyday, I congratulate you on your sale, I think you did great, it's not a domain worth $100 to another domainer on Namepros unless they had a real interest and a real in within that industry. Because like Brad said, you have to count them all, Page Howe listed a bunch of names here, some I like, but how many do I buy for $99 and just wait, Page has been waiting, he is a pro, so if he wants to sell for $99 or $49 or $29 he is ready to move on, so I can't buy 20 of them I will look at my favorite one or two names on the list.

    Look I wrote volumes of posts when I ran the .tv subforum, one theme was one through ten in English, Spanish, French and German, after I wrote these posts, every name was registered from those who read those posts, I owned Eins.tv (1) Sechs.tv (6) and Acht.tv (8) in German along with Six.tv and Deux.tv (2) in French. Acht.tv I eventually dropped because it got not one bit of interest, even offered it here back in the day for $50. I let it drop another .tver regged it, he got a $2,500 offer and one of the best of our group JohnTV negotiated for him and got $10,000 because he was Dutch and it also meant Eight in Dutch.

    There is always going to be missed opportunity here, on the buy and sell side.
     
  20. Don Gondon

    Don Gondon Established Member

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    There are probably tons of sales lost because of that, when potential end-user buyers do the checks. To prevent that from happening, people need to obfuscate the names they post in their for-sale threads. It can be done by replacing characters in the name with similarly-looking non-English characters. I created a little online tool to help with that – DNMask.com (read more here).
     
  21. Recons.Com

    Recons.Com Top Member VIP

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    Interestingly, it resulted in 1 sale for me. It was one of the 4L.com names I posted for sale and a person that had the same letters a little rearranged apparently searched, found, registered on the forum and negotiated a price, albeit not very high, but not a reseller price too. I think I sold for $1.5K or close to that. Lucky for me, it was not posted at a low BIN ))
     
  22. Lox

    Lox ----- Gold Account VIP

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    NP will turn your name into a neon sign. You offer whatever you feel like eg auction, bin, bargain etc

    Here is what I see:

    1. Questionable opportunity
    2. Evaluating cyberspace (name-space) - country road or crowded street.
    3. Who’s going to use the name (business or emotion)
    4. Is long term or short term trend name ? (Can name survive an earthquake)
    5. How many different shades of name are there.
    6. Branding vs Re-branding?
    7. Do they (shades) got lots of coverage as category anchors (ads and marketing)
    8. How much businesses/ companies / emotions are worth
    9. Understanding money talk (industry, company / emotion culture)
    10. Should they pay for music (storytelling, promo) or the name is addictive enough (frequency, resonates)
    11. Etc

    20. Why you’re selling here, what’s the obstacle you can’t go over
    21. The BIN is TBA (not interested), Bid start $1 (time consuming)
    22. There are a lot of proposals, views, bids and may be either complement or crush the interest.

    ... there is more to it than that (lazy day)

    Regards
     
  23. HappyW

    HappyW Owner of NamesMaker.com Gold Account

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    I noticed that the current post cannot be modified for the title and content. Only the open reset selection box, I think, I will have to use this tool, thank you.
     
  24. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    you are basically typing into google
     
  25. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    acht.tv
    doesn't sound nice in german

    but very decent in dutch
    ( as far as I understand it )
     
    Last edited: Nov 3, 2019

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