advice Stop teaching me how to price my names

[comati]

For all the noobies out there that don't understand pricing.

It's OK, no matter for how long you are doing this, some people will blow your mind with their prices. That happens for the most part because you don't know what business/financial model they have and in what particular situation they are. Is not and exact science, you just have to know how much is worth that name to you if you buy, and what's your magic number if you are selling.

Some people flip every name they buy (even at a loss) and some people sell 0.1 % of their portfolio every year and want a huge ROI. Some people have (or have access to) capital and some people need money badly, some can wait and some can't.

I've noticed that lately every single one of the wanna-be investors that contacts me wants a 80-90% discount off the retail price because he is a “fellow domainer” and he “knows” how this things works and he wants to pay "wholesale price".

That's not going to happen no matter who you are and what you think you know. You don't know how many names I own, how many I sell, what kind of expenses I have and … stop saying wholesale when you want to buy just one name.

And even if, by some chance, you gather all that data and you figure out my financial model you still have nothing because is my view of the future that drives that model, and you can't possibly know what's in my head.

How much I paid for it in the first place shouldn't even come up. If I take risks with my money I should get compensated. How you can't understand this simple truth and still call yourself an investor.

You are not a domainer just because you watch domain sherpa. Stop thinking that watching and doing are the same thing or that entertainment is education.

 

[DnEbook]

If a newbie comes here and see's the pricing they would tend to think domains can be purchased for cheap going by some of the auctions

 

[deez007]

Lol..that was an entertaining read Thanks....

 

[1Darko]

I like your views on this. I however have encountered some rude buyers who think that my prices seem as if I am holding them to ransom even though I tell them my prices are very negotiable. I am catering to persons in car sales industry and it puzzles me that they can ask a decent price for their goods and I cannot. Do they look at domain sales as a cheap industry?

I would say that if a buyer is arguing with you about the price he is interested into the domain. This is definitely a potencial buyer. The best you can do is to present your domain in a positive way and explain why it is worth the money you're asking for it. If it is a .com domain the second best extension for the buyer would probably be .net or .org. If the buyer is still insisting that the price is to high I have learned to give an example that the domain is free to reg in the .horse extension,so that the buyer can save a lot of money. You will see the reaction of the buyer