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Thoughts on partial sales reports

Labeled as discuss in Domain Selling and Domain Sales started by AbdulBasit.com, Mar 25, 2018.

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  1. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Though I love reading domain sales no matter what the amount is but this is yet another waste of time thread by not sharing the domain and wasting time of others. No doubts you didn't had sale but not sharing the name is useless to share any other detail IMO.
     
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  2. JamesCrew

    JamesCrew Established Member

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    Or at least share the 'category/niche' of the domain.
     
  3. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    I honestly don't consider that would be helpful either unless the name is shared.
     
  4. doc24

    doc24 A Wish Sandwich Gold Account

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    Not relevant without the name..
     
  5. Anjani

    Anjani Established Member

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    Let the man have his moment whether it's real or imagined:xf.smile: as i see it there are ton's of recorded sales to do a thesis:xf.grin:
     
  6. JamesCrew

    JamesCrew Established Member

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    Exactly. I think those fellow domainers who do not want to share the domain name do not want their buyer's email full of spammy domains from 'wanna be's' (no offense intended). And we as NPers should respect that.

    As far as learning something from the sale, there are other things we can learn. Knowing the actual domain name helps but it is not the only factor to learn. We could learn about the category of the domain and then we can make similar investment plans for our domain portfolio, we could learn about the platform where the domains were sold, we could learn how the deal was negotiated and how the seller responded, and etc.. However, like other members have said, mentioning sold domains always helps a lot.

    We as a community expect real sales threads from members here. We should not only respect their information but should also appreciate them for sharing their sales.

    Lastly, I do not think such threads are by any means a waste of time. In fact we can all learn something from the details shared by the sellers in such threads. Any tiny detail could help newbies and/or pros. However, it depends on a person-to-person basis as what they are looking to learn and what they are looking to "dig" into (there's a difference). And if someone just wants to know about the sold domain name so that they can send sales email to the buyer with their domains, then I am sorry, that is not what I would consider as a 'learning point', and is not ethical at all.

    Sharing useful things with the community is nice, but respecting buyers' profile is also crucial.

    Just my two cents.
     
    Last edited: Mar 25, 2018
  7. equity78

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

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    I have to disagree, no one benefits by something that may or may not be true, the name and context matter.

    While I thanked the poster and congrats, there is nothing to learn from the original post.

    I agree 100% with what @AbdulBasit.com said and have been writing about it for years.

    The line about people emailing the buyer is a weak one imo, does it happen sure is that big of a deal? No the buyer paid $1,000 there are plenty of big money buyers for these spammers to go after just by reading Namebio daily.

    Like Michael Castello said.

    Michael Anthony Castello says

    January 23, 2018 at 2:54 pm

    This is exactly the reason I posted the story of my Whisky.com sale on dnjournal back in 2014. I put the Escrow document in the article showing the names and email addresses of those involved. Transparency is key. People are investing their hard earned money and need to know the truth in order to make sound business decisions. Be careful of manipulators.

    http://www.dnjournal.com/cover/2014/february.htm

    https://www.strategicrevenue.com/ju...-domain-stories-in-history-show-me-the-money/

    Either you believe in transparency or you don't and many will just tune out those they feel don't believe in transparency.

    Again IMO
     
    Last edited: Mar 26, 2018
  8. JamesCrew

    JamesCrew Established Member

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    Like I said, it depends on a person-to-person basis, whoever wants to learn (or dig) whatever they see meaningful (or useful for themselves).

    Just because a bunch of fellow domainers (who are in minority as I see) does not find such threads useful should not mean that the posted threads are false. HINT! Check how many 'Likes' such threads receive including this one, and then compare it with the number who dislike such threads.

    The majority of members here are appreciative and understand (as well as respect) when the seller does not share the name, but you will find only 'few'; and I really mean ONLY FEW members who do not like to see such threads (without seeing the sold domain names). I don't know why, do you?

    To take your point regarding "benefiting from such threads", if I only see my own benefit, I would be selfish, no! The way I see it, it would be beneficial for all of us if we appreciate such threads where sellers are finding time for sharing details of their sales. That would not only motivate them but would also build their trust within the community.

    The way I do business, it IS a big deal for me. Transparency and privacy; both are important but compromising the privacy of the buyer is not something us domainers should practice just for the sake of giving few members an opportunity to see the domain name and enabling spammers to spam the buyer for weeks.

    If you can only elaborate the BOLD one above, I will agree with you on 'disagreeing'.
     
  9. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Whether it be few or many, just do the poll and you'll know what most actually wanted to see. If most or all sales go unreported, then there won't be anything to see at Dnjournal, NameBio or any other place and most importantly no current market update/values be set. That would be very poor for overall domain business.

    Also I could go on and create plenty of fake sale threads time to time by saying I made bla bla sale for 4 and 5 figures and even mention whatever niche. Now tell me what benefit you'll gain out of it without knowing the name?

    If someone cares too much for privacy, then it's better not to waste their and most importantly others time but of course this will keep on going unless there are some strict rules put in place.
     
  10. equity78

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

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    I get where you are coming from James, but I think the likes come from we are glad to see someone make a sale. I liked the post, even though I agree with those who feel the value is in understanding the whole deal and knowing the name.

    Many people don't dislike a post where the name is not mentioned but they do think it's meaningless, like someone texted me last night after reading the back and forth on this thread, "Hey Raymond if I don't have to list the name, I might just start posting two "anonymous" sales a week, just for sh*ts and giggles."

    I think if someone like Michael Castello is providing escrow docs, someone can mention a $1,000 sale. Again IMO.
     
  11. anantj

    anantj Active Member VIP

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    Pretty sure most of the dislikes on that thread are for the poor post content - i.e. no domain name, no price. Literally zilch information. Like several commenters have stated on that thread, the thread and the post is a waste of time with no information to back it up. I could claim I sold a .horse for a million dollars and not provide any info. What purpose will that serve except to gain me ridicule?
     
  12. Vimal Kumar

    Vimal Kumar PotentNames.com

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    Wish we could take some action against folks indulging in 'cheap gimmicks'. It wastes time of the serious domainers.
     
  13. blockchain

    blockchain Restricted

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    serious domainer lol
     
  14. Sathyam

    Sathyam Upgraded Member Gold Account

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    If some of the folks trying to create such threads to grab attention, beware of the number of dislikes you get....not a good start.....Keep your discussions open to be genuine, if you think it falls into NDA better dont discuss here...Discussions here are mostly very open and detailed, if there is an ongoing sale they would atleast reveal sooner.....Trending for wrong reasons is not going to help you....
     
  15. slader23

    slader23 Always On The Bleeding Edge. VIP

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    I understand being happy about selling the name and wanting to share, but not providing the actual details of the name kinda of goes against the whole notion of reporting completed domain sales.


    Saying that you sold The.....com doesn't really make your sale public, in fact it's pretty much a private sale, it's like a real estate agent telling another agent the first 3 letters of the address of a house they just closed and telling them to guess what house it is......who on earth would be able to discern that?


    Anyways, congrats on the sale but for future reference if you're going to report a sale, make sure you reveal the full domain name..otherwise you aren't really sharing anything at all.
     
  16. karmaco

    karmaco Active Member VIP

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    Next time wait til you actually reveal the name. No one gains any benefit to a sale thread with no name given. We want info not just to pat someone on the back. Did not need it’s own thread whatever it is given no information. We have a report your sale thread in case you aren’t aware.
     
    Last edited: Apr 18, 2018
  17. NameSplice

    NameSplice Established Member

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    I'm Rollin :ROFL:

    On another note I believe you should have waited until the sale was finalized and report in completed sales thread.

    Congrats if it goes through (y)
     
  18. Grayclouds

    Grayclouds Established Member

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    Transparency is key in sales in order to gauge the market, authenticity of the players within the industry, and to help others learn.

    This is in any industry. So for the most part, I do agree. But I would not automatically discredit those that refuse to post a particular name on occasion especially if they have a good track record.

    Great topic guys, awesome discussion here.
     
  19. karmaco

    karmaco Active Member VIP

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    I think more here dislike when a name is not revealed. If you have no pertinent info to disclose regarding a sale you are posting for no other reason than to puff yourself up as it adds nothing to the community’s knowledge.

    Look at me I sold a domain but I won’t tell you what is is rings a little hollow and desperate for attention.
     
  20. NameSplice

    NameSplice Established Member

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    I like to see what sells. So to me the name is important.
    I check namebio,dnpric .es,and completed sales thread here also to see what is selling or have been sold.

    I feel even if the sale is true and the name is to be kept private just keep it all private and do not report or open a thread on it.

    Or better yet someone opens a sale thread claiming the've sold a name with no details and it is not even a finalized sale. :banghead: Deals do fall through! Just wait until it's completed and report in completed sales thread like most do.
     
  21. karmaco

    karmaco Active Member VIP

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    What are we supposed to discuss when you haven't disclosed the name?
     
  22. AbdulBasit.com

    AbdulBasit.com DomainsWeb.com AbdulBasit.com PRO VIP ★★★★★★★★★★

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    Completely agree!

    Another nonsensical thread. Waste of time.
    There should be some rule in place to report the domain, else don't bother reporting. I would be interested to know from such people to give just one logical reason behind sharing the amount and niche which will be really helpful. Suppose if this OP says niche, then who doesn't know IOT? Is this something really no one was aware of?

    This is not only waste of time but making people not to bother checking such sales thread in future if such trend keeps on going.

    I request MODS/Admin(s) of NamePros to make some necessary changes to rules. Or at least start a poll to see what others are looking for.
     
  23. Magicpig2

    Magicpig2 Active Member VIP

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    What is there to discuss? He sold an IOT related domain name for $30,000. Good news all round. It also makes sense not to disclose the buyer on a public forum. Nothing wrong with that.
     
  24. wayne wooldridge

    wayne wooldridge Interception VIP

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    Perhaps there is a non-disclosure agreement. I could see this on such a large purchase.

    While I somewhat agree with what abdul is saying, we shouldn't shun everyone who reports large sales. There would be much less reported acquisitions otherwise.

    I feel the OP here has provided enough proof that the sale actually happened. Why badger him for reporting? Is someone butt-hurt?
     
  25. karmaco

    karmaco Active Member VIP

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    And what are we discussing exactly when we don’t know the IOT name? He started a “discuss” thread with no info to discuss. If there is an NDA he shouldn’t be talking about it at all. These pat me on the back but I am not disclosing the name threads are occurring every other day here. No info? Keep it to yourself. It offers nothing to the community.
     
    Last edited: Apr 24, 2018

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