discuss Topic for discussion Are domain sales reports really real?

[bahaba]

I wrote this same text as a comment on one of the posts, but later I thought why not write a special topic about this thing and see that I suffer from this thing alone, or are there people like me who have the same problem? So I write here with a separate topic in the same idea with some modifications to the text. I hope you will share your opinion, advice or feeling with me.

I want to talk about us as sellers or investors in the domain, They cracked our heads with the xxxxxx domain sales reports, and I believed that, but through my experiences and expertise, I doubted all these things and reports.
I am not speaking out of envy, I am speaking in order to make the online community more honest and useful.

I don't know why I was disappointed in selling the domain and why I feel that these sales are fake and are just advertising for domain registration companies!
Look at our situation. We sellers buy from each other, and there is no final customer, but a seller who buys from a seller!
To confirm my suspicions, I researched the domain sales reports. Most of the domains that were sold at fantastic prices are not available online, or when you try to access them, you get a warning through an anti-virus program.
I began to suspect that most of these reports are being bought by the domain registry companies themselves as propaganda and to spread the spirit of hope that there are people who buy domains with XXXXX

I will tell you my experiences i will talk about my self!
I have more than 800 domains since 2 years I have not sold any of them! 800x10=8000 $
You may ask me why I bought all these domains? i will tell you why:
When I see xxxxxx sales reports Everywhere, my eyes pOp OuT Then my hand crawls over to the domain registrar then this sentence runs in my head ( Money Money i need money) For a while, I think that by investing in the domain, I will become Elon Musk and i will buy Twitter.
Then i start buy more and more domains, with every domain i buy i hoping to see XXXXXX luck smiling to me! But I did not see XXXXX, nor her cousin XXXX, nor even her aunt xxx or her grandmother xx. But once I got lucky once and I sold my domain through Dynadot User Action for $1 so i see x. In fact, I didn't see the full x because Dynadot took a 10% commission so I got 0.90 x. any way...

I think we sellers are just fuel for domain registration companies.
They play with our weakness, our need for money. They put out huge sales reports and we fall into the trap of greed. The result is that we lose more money, and domain registration companies earn more of our money!
In this case, the companies are the sellers and we are the buyers.

Maybe someone will jump off the screen and tell me look at the car.com domain sold for XXXXXXX.....Million dollars!
Ok do do you think that you can get a car.com domain name for $10?
All good domains are already registered my friend, don't think they will let any good domain fall and let you buy it with $10 so dont wait.

They tell us to buy more Domains, when you buy more Domains, your chances of selling will increase!!!
Yes, two years ago, until now, I paid $8000 and i won -$8000 and I'm still buying more every day when i see any X report and I'm still falling into the trap every day hoping luck smiles on me.

After that, exaggerated fictional reports begin to appear! Thousands of dollars and xxxxx again.
and again my eyes pOp OuT and I buy more and more, then i put them with domain parking companies.
The result is two years until now. I have earned 2.5 dollars from the investment. I'm talking about 800 domains, I'm talking about 8000 dollars.

Yes, I am a pessimist and I want to speak and express my feelings! Because I did not see anyone criticizing here, but all the topics are positive and sales reports, am I the only one thinking in this way?

 

[LoveCatchyDomains]

Thank you very very much for this comment. You get exactly what I mean

Yes, your posting was to address the issue about how the seemingly "hyped-up" sales promote buying domains. The domains you bought were ones that probably you never would have considered until you read about some of the extraordinary sales here on NamePros.

 

[Lox]

in german Nordrhein-Westfalen not Noordrijn-Westfalen any way i have
NordRhein.org and NordRheinWestFalen.org thats in german
in English northrhine.net , NorthRhine.de , NorthRhineWestPhalia.de ,
NorthRhineWestPhalia.net

For Belgian or Dutch tourist ...

nordrheinwestfalen.com & dot de is for sale for a very long time. So there's no end-user/companies interest in this kind of Brand-ing.

Regards

 

[LoveCatchyDomains]

Lots of frustration.

Points of encouragement: in
1) You're not alone. I used to read all those high-value sales reports. Between that and the listing for "Reg of the Day," I was enticed to buy more domain names. Now I've effectively put myself in "domain buying detox." For domains, no sales = no buying. And, for now, I avoid reading the "report your sales" section. This seems to be working to minimize the buying temptations.
2) Sales appear to be pretty darn lousy overall for many So, you probably have plenty of company here, and hopefully will find a way to put this experience under your belt and move on to better pursuits.

 

[LoveCatchyDomains]

Good advice, thank you for sharing your opinion and experience. Yes, I learned the lesson, and this is the reason I wrote this post just to spread awareness and not get new members to be drawn into this trap.

Your message is a very important one. There are many new members signing on to this forum, here to learn. You know that it is easy to get enticed into buying domains by seeing the reports of high revenues from flipping domains. Even if their reports are true, their experience is not necessarily applicable to an individual.

Thank you, again, for the posting.

 

[bahaba]

I think you may be going about it wrong, from your post it seems your sole motivation for investing in domains is the allure of hitting the jackpot with high-value sales. At this point it does not even matter whether the reported sales are real or not, the very crux of your logic/reasoning is questionable.

First of all, thanks for your comment. Yes, I agree with you, maybe I'm going wrong about it, and also there are a lot here who are going down the same path, and that's what pushed me to write my post.
Just to correct the vision through discussion and sharing useful information, And yes, my motivation from selling domains is to get money.

But I don't agree with you that the reported sales don't matter if they're true or not!
There are a lot of people who don't have experience and because they need money they may be dragged into the trap of unreal sales reports, and lose their money on things that are not worth any value.

What is the reason for the existence of online communities with multiple disciplines? Isn't it for the exchange of experiences, discussion and development of the individual in a specific field? Isn't this our goal of being here, you, me, and other members and visitors in this online community? This is the logic of my thinking that you doubt.

Money is for the most part only a byproduct of passion. When you're truly passionate about something, it is the actual time and effort you dedicate to that passion that has the potential to translate into earnings and even then there is no guarantee.

Yes, I agree with you that money is a byproduct of passion. But my passion is money itself because I need it! Lots of ideas I have but I don't have the budget to implement them! So i fall into the trap of temptations pay now x and you will win xxxxxx later.

Now, I'll be honest with you, I'm not saying that you're lying but I do feel like the following excerpt from your text has got to be an exaggeration:

Honestly I am not lying and there is nothing make me lie! I wrote a real personal bayonet without exaggeration.

Granted you didn't start with 800 domains but achieved this number gradually over a 2-year period, still it absolutely boggles my mind that you only managed a $1 sale in all that time. I can almost hear the very foundation of mathematics and probability creaking under the weight of this revelation haha .
Seriously though, this just seems so highly improbable to me, especially since you don't appear to have been twiddling your thumbs when it comes to trying to get sales (I'm referring to the Dynadot auction). Perhaps you could elaborate a little more on what you've tried so far? How many marketplaces are your domains listed on?

I already have almost 800 domains now and two years ago I had more. I have more than one domain portfolio
i have 2 on dan and one on sedo and one on afternic.
I'm not saying that all my domains are good! And yes at first I thought the old domains I bought were good but later it turned out that they were not.
At one point I bought a lot of three-letter dot-info domains. and I made a lot of mistakes with my evaluation of the domain. I do not deny that I have learned a lot and that my choice of domains now has improved a lot. But until now I have not seen the desired result.

Finally, I would strongly suggest that you experiment with adding a BIN price to your domains. Over the years, I've found that priced domains generally tend to sell better than make offer domains. When you have a budget and something you want has a price tag, it's easier to make a decision on the spot. For a lot of people the prospect of having to contact a seller and haggle over the price can be a hassle/turn off.

Thank you for your advice I will try to work with it soon when I know the real value my domains deserve. Because of the many large sales reports, I became confused about finding the real value of my Domains.
There are a lot of overpriced selling reports. Honestly if I saw a domain available to buy from some reports I wouldn't think about buying it and paying $10 and I'd pass it. But maybe I'll regret it later when I see the sales report xxxxx

Anyways, wish you better luck with your domaining in 2023!

I wish you the same. Thank you very much for your comment and discussion

 

[lock]

I have had a domain that i bought reported for less. I would think market it is actually higher with tax dodger's vs launderers.

 

[bahaba]

You didn't listen... We want you to safe money and be successful.
Like @DrJacoby said. You are in the position and feeling you stuck because of the quality of your names!

So lets take a look at some other names of your portfolio instead of "allmovie.watch":

1000000000.xyz​

Which company would ever need such name? And why? Name at least one smiliar branding of a company in the world... ?

TheTest.click​

What are the endusers for this name? For what niche could that work?

SkyKruz.com​

"Sky" is a nice keyword but what is a "kruz" ?

NorthRhineWestPhalia.de​

I'm native german and can tell you this will never sell. Again - who are the targeted endusers?

My advise for you: Focus on less TLDs. Registering .xyz, .co,.click, .watch, .best and so on will not work. Listen to what experienced domainers write in this forum. @Bob Hawkes for example writes damn awesome blog posts with helpful statistics and grafics. Take a look: https://www.namepros.com/blog/

Read up here:
https://www.namepros.com/blog/popular-blog-articles.1231447/

Start with this:
https://www.namepros.com/threads/popular-domain-beginner-resources.844937/

And there are a lot of more topics and threads you'll find to get the informations you need to know.

- 1000000000.xyz This domain does not make sense and dos not meaning any thing that it is a joke, I bought it hoping it brings me luck because I dream of having 1 billion dollars . Leave this domain
- TheTest.click: The Test its meaning full
- SkyKruz.com: There is a project for a flying hotel in the future that can accommodate 5000 people and is equipped with swimming pools, restaurants, and games halls, and it works with nuclear energy, and its name is Sky Cruise. You can search the Internet for it.

- NorthRhineWestPhalia.de : I live in Germany and the name of my region is North Rhine-Westphalia and this region includes many famous cities such as Cologne, Dortmund, Essen, Dusseldorf and others

 

[bahaba]

Thank you for having the courage to speak up.

First, I understand that you are getting much guidance on why those domain choices appear unwise. I'll leave that point to the pros more familiar with valuations.

For the moment, let me address your comment about the false sales reports on NamePros. Many high-value domain sales are reported here and sometimes for names that probably most of us wouldn't even give 2 cents for. And some of them do appear to be false.

This is not a harmless issue. After all, who wouldn't want to have those types of returns. So, individuals may be tempted unwittingly to spend money on domains they even don't find that appealing, but just want to make that type of sale.

There is no actual verification process here for the reported sales. And even the extremely dubious "sales" are still allowed to remain posted--even after being called out.

For example, @bmugford had called out a recent "$381K" sale. The report was posted 9/20 in the Domain Industry News section. The next day, Brad astutely pointed out that "this is a bunch of nonsense....if you go to the domain in the browser, it takes you to a page with a $381,000 BIN." It is not credible that someone bought the domain for $381K, and now was trying to sell it for exactly the same price on a marketplace. Yet now, almost two weeks later, that Domain Industry News posting remains up.

At a minimum, one would hope that NamePros could have a mechanism for either removing or at least providing some disclaimer on these likely false sales reports.

Thank you very very much for this comment. You get exactly what I mean

 

[Reallybigidea.com]

Regarding Westphalia.. kindly share any interesting info about Vehmic courts. Can't find their tree location
Thanks

 

[Domainication]

at this moment I do not see that my way of analyzing things is wrong

Well then there is nothing more i can do for you.
Good luck.

 

[bahaba]

Don't think you can hide the truth and stop me from expressing my opinion

 

[Broth Investing]

I agree that some of the reported sales seem sketchy. Especially when it is random gibberish.

 

[blogspotter]

Good Luck Mate..

 

[LoveCatchyDomains]

You are not alone brother.
Keep the faith.

There are a lot of people who are a lot worse off than you.

Some people have been borrowing funds to buy thousands of names.

At first I thought I was inspiring others by sharing my sales. In fact I know at least 2 people who are doing very well now just by getting inspiration from my sales.

But It appears that there are are hundreds who are like you for every one who made it.

And the reality, with this economy, is that it may get much worse. So thank you for providing the cautionary note.

 

[Broth Investing]

I have about 200 names but had 4 sales last year. Name quality matters but also market demand. All you can control is having a good portfolio and making it as visible as possible.

 

[bahaba]

TheTest.com yes - but thetest.click? Not at all.


SkyCruise.com hot - SkyCruize could work too. SkyKruz is super misspelled and veeery hard to sell imo.


Again. Which enduser will need that?
Is lowersaxony.de (Niedersachsen) a developed Business? Or mecklenburgwesternpomerania.de (Mecklenburg-Vorpommern)? No. Because no one will ever use (and buy) this names.

why thetest.click its online test you have to click
skycruise i have SkyCruis.com and SkyCruise.us also
North Rhine-Westphalia. is the name of a region Is it possible that no one is interested in it??

 

[bahaba]

If ... noordrijnwestfalen.de , noordrijn-westfalen.de, noordrijnwestfalen.com, noordrijn-westfalen.com is available (not registered) than North Rhine-Westphalia doesn't make any sense.

For DE = Noordrijn-Westfalen or dot NRW

Regards

in german Nordrhein-Westfalen not Noordrijn-Westfalen any way i have
NordRhein.org and NordRheinWestFalen.org thats in german
in English northrhine.net , NorthRhine.de , NorthRhineWestPhalia.de ,
NorthRhineWestPhalia.net

 

[bahaba]

Regarding Westphalia.. kindly share any interesting info about Vehmic courts. Can't find their tree location
Thanks

i dont understand what is meaning Vehmic courts

100% will no one ever be interested.

If you got Niedersachsen.de, Bayern.de, Hamburg.de, ... (german names of regions) i'd keep them over years. But not in english translation. That will not work.

Think of endusers. Gouverment of Nordrhein-Westfalen? They use NRW.de for sure (why should they need the english translation?!).
So there could be only some (international) holiday advertisers be interested (which i'd disagree anyway). Not a single of the other 15 regions (in english with .de) from germany are developed businesses. Lots are even free to register.

Well, you may be right, but there are a lot of foreigners in Germany, students, tourists and others. There are many who speak English and do not speak German. Perhaps the companies renting houses or selling real estate are interested, or tourism companies or the government, and many companies that can benefit from the name of this domain. There is an article on Wikipedia with the same name which is a correct translation. I have good reasons to buy any of the domains in my account.
I understand what you mean. That's your opinion but everyone has different thinking and different interests. Maybe I see that this domain is good because my head works in this way, I may be wrong or right, but at this moment I do not see that my way of analyzing things is wrong

 

[bahaba]

Well then there is nothing more i can do for you.
Good luck.

You have done a lot. The exchange of discussion makes us gain new information and insight.
Really thank you for this discussion and experience you have sharing with me.

 

[AEProgram]

Before you try to keep this industry honest, try keeping yourself honest with yourself.

Pick an industry and you will find people wondering the same thing about that industry. The people wondering, are people that tried to make it in that industry and failed.

People that fail at day trading are convinced the day trading success stories are put out there by brokerages. People that try opening a pizza shop and fail, are convinced the other pizza shops are just money laundering operations. People that fail selling on Amazon, suspect that the people making millions via amazon FBA are Amazon shills.

Most people that get involved in anything will not succeed at it, this is why most people are not financially successful. The good news is there is certainly at least one industry where you will be successful and the key is to let go of ideas that you tried and were not successful at making them work. A lot of successful people tried many different businesses before they became successful.

Picking the right names to invest in right now is something that you either get or you don't get. It's like web design, some designers just don't have the skill and nothing will change that. Even if you do know what names to pick, most will never sell.

So don't feel bad, you are not the exception, most people getting into any business or even personal relationship will fail. Keep on moving and soon enough you will reach success in something.

 

[AEProgram]

Lots of frustration. This obliterates the truth by not giving any opportunity to express opinion freely. It is enough to blame the victim, you have to see what the executioner did. Do you have any experience or any some thing good to share with me other than frustration? I am really frustrated and need encouragement

LOL you have to be a troll, nice job!

 

[bahaba]

A few comments on the OP post.

1. I believe the sales reported in NameBio and DNJournal. Social media, it depends who is posting the confidence I have, and in most cases they don't give full information anyway.
2. Many names that sell never get developed or even NS changed. This continues to puzzle me but is across sales prices and TLDs.
3. I think rather a lot of names get purchased because someone has an intention to develop, but never do.
4. Yes, absolutely true that there are many domainer transactions. This is not a statistics based number but I think easily 10 wholesale for every 1 retail. Yes, I agree, the registrars and registries depend on domainers to be as profitable as they are.
5. In general we as domainers register and acquire too many names.
6. A few sales seem hard to believe. In many cases that is due to links or an original owner letting a name expire and getting it back, probably bidding against the HD bot, etc. There are a few that can't be explained by this. I can't explain them.
7. I think many don't properly account for the type of name that sells in each extension is different. The type of name that sells in .io, .xyz etc. is not just some multiple of the .com, there is a different emphasis. Maybe in time .io and .xyz will become sufficiently registered and use broadened that will change, but right now it does not.

Bob

Thanks a lot for commenting and sharing useful information

 

[bahaba]

Points of encouragement: in
1) You're not alone. I used to read all those high-value sales reports. Between that and the listing for "Reg of the Day," I was enticed to buy more domain names. Now I've effectively put myself in "domain buying detox." For domains, no sales = no buying. And, for now, I avoid reading the "report your sales" section. This seems to be working to minimize the buying temptations.
2) Sales appear to be pretty darn lousy overall for many So, you probably have plenty of company here, and hopefully will find a way to put this experience under your belt and move on to better pursuits.

I agree with you, The problem is when we object, they don't give us any opportunity to express our experience and immediately they try to mute our voices, either by blaming us or by sarcasm. so why

 

[StartupNames]

if you get emotional in this job you are going to lose.. every single time.

Agree

 

[bahaba]

You should really stop buying and get back to the start asap.

If you spent your money on domains like:
AllMovie.watch - 77777.click - OnMovie.xyz - Ethereu.me - TopMillion.xyz
(taken from your signature)
i can tell you domaining will never work for you. These are worthless at all.

Don't get me wrong. Don't want to blame you. But it looks like you did not read a lot about domaining before buying and registering those names.

Learn, read and study of what a valuable domain is and the more important why it is and for which kind endusers.
There are a lot of superb threads on here for example - give it a try!

Well, I will accept your opinion, but share your experience with us. What makes you think these domains are not good? Did you see my portfolio? my portfolio address is in my signature (Dan) click on it and tell me are all the domains I own not good?