Discussion in 'Domain Beginners' started by kray_b, Sep 6, 2017.
Thanks for your reply,
I was busyyy managing my .top domain.
thank you all for welcomes! Quick question, how do you know if a domain should be put up for auction or for buy it now price? which method is more effective in your experience?
I thought the King had been overthrown or something! Welcome back King, glad your OK!
If you already got manyyy offers from different individuals.
A good option if you know what (how much) you want. I recommend to combine a BIN price with the option 'make offer' (to make some space for negotiations - thats elementary).
good advice, thank you! I am not good at all at pricing at this point, so make an offer option helps. Great idea about waiting on many offers for the auction, thank you!
Accept my Red Carpet welcome
welcome and you are on the right place on NP
best of luck
Welcome to NP Kristina. My only advice is to buy in moderation and only dot coms until you get a better feel for it. Most people charge in like a raging bull thinking they registered the most fantastic names and then we find out... we didn't. There is a bit of a learning curve.
This might help
Hello and welcome to the industry!
Haaay kray, you know what's cra cra in a good way? Namepros Community, I've been here a month and I've already learned so much. Some of the members that have given me great advice: silentptnr , Mister Funsky , Jurgen Wolf , and Hypersot just to name a few. Don't be afraid to reach out, I am always willing to be of any assistance I can be as well, happy hunting!!
To your auction / BIN question...
I divide it more by duration...short term vs long term hold. I am sure there are exceptions, but it seems like most of the flippers burn out sooner or later. Too much work for too little money - or perhaps they just moved on. Certainly flippers have quick feedback, if they sell soon for a profit then they know they chose well. It is really hard to do, but some people can taste a popular domain.
Selling is the only way to experience the full market, but consider long term also. As long as the internet continues growing there probably will be increased demand for domains. The supply of quality .coms is fixed - indeed those on the market diminish as new businesses buy their domains. A lot of pressure may be focused over the next years on a relatively few domains. Success in this method means moving a name from reseller minimum to retail $2-5 thousand dollars. That is how to use Buy It Now.
There is a domainer saying: "Success comes from saying No". If you have good domains, domains where better alternatives will be exhausted by retail buyers within a reasonable time, put them at BIN at the retail price you eventually expect. And then wait for the market to come up to your price. Takes a whole lot of patience, and luck, but returns of 1000%, 2000% are not at all unusual.
Separate names with a comma.