TRafficNYC - Recommended price reduction

[wot]

Relented and against my better judgment submitted some names for TrafficNYC , below are some of the names and Traffic's recommended reserve prices they came back with.


Have a guess which of these names I will be sending to auction.


CLOSED

 

[NameClerk]

My guess.

InvasionofPrivacyLaw.com
Skateboots.com

 

[namewaiter]

my guess .. none

 

[gazzip]

American.info :lol:



.

 

[Albert]

ForeignCurrencyAccounts.com $500
InvasionofPrivacyLaw.com $500
Skateboots.com $500
WeightSupplements.com $500

 

[wot]

my guess .. none

On the nail.
:wave:

American.info :lol:



.

Yeah - I was tempted to say it was still too much.

 

[toh.benny]

i would guess..... none

 

[snoop]

The reserves really don't seem too low to me. No point in them taking names with reserves so high that they are unlikely to sell.

 

[wot]

The reserves really don't seem too low to me. No point in them taking names with reserves so high that they are unlikely to sell.

All a matter of opinion , as nearly every sale at all of the on road auctions in the last year have been single bids, a definite buyers market- and I have no intention of "giving" names away.

I was not convinced it was a good idea to submit names at this moment in time, their response confirmed it- desperate for sales.

And you seriously think a reserve of $2000 on American.info is OK :?

 

[Charley]

And you seriously think a reserve of $2000 on American.info is OK :?

I think you should lower that reserve by about $500.

 

[Seabass]

"Let China sleep for when she awakes, she will shake the world" NB - Too late!

Napolean Bonaparte! I always love his quotes.

He called Egypt "the land of the menstruating male", b/c of a snail virus that got into Egyptian's bodies from the Nile that made them pee blood.

 

[wot]

I think you should lower that reserve by about $500.

I won't tell you what I think about that comment- not for young ears. IM-HO.com

 

[snoop]

And you seriously think a reserve of $2000 on American.info is OK :?

I think you aren't being realistic.

 

[Tempest111]

I think you aren't being realistic.

Agreed. I've seen better names sell for less

 

[wot]

I think you aren't being realistic.

Believe me I am very realistic and know full well this is a valuable name,simply based on the number of offers and what I have turned down for it, a hell of a lot more than $2K.

You have surprised me, the realism, seems to be in the wrong camp.

Whatever the case, we agree to disagree.

I will not be drawn in to panic selling as seems to be the norm at the moment.

Agreed. I've seen better names sell for less

Show me.

 

[VisualArtistFrankBonilla]

Go Wot!

I think you aren't being realistic.

You are forgetting one thing. Wot probably doesn't need to sell this domain now, because he needs the money like I do, and maybe you do. When a person doesn't have to sell, he can be as unrealistic as he wants! From the sales I have seen on here that Wot has made in the past, he ain't being unrealistic, he's being a wise and shrewd businessman.
:yell:


Frank

 

[snoop]

Believe me I am very realistic and know full well this is a valuable name,simply based on the number of offers and what I have turned down for it, a hell of a lot more than $2K.

You have surprised me, the realism, seems to be in the wrong camp.

Whatever the case, we agree to disagree.

I will not be drawn in to panic selling as seems to be the norm at the moment.

I would say it is worth more than 2k (would have guessed about 4-5k). But a reserve of 2k is entirely appropriate. The point of an auction is to sell names, I see in other threads you have this name listed with "Min offer $25K" and you've been trying to sell this same name for 4 years with dozens of sales and appraisal threads. Is 25k the kind of reserve you expected? If the market was full of names priced like that there would be no sales at all.

http://www.namepros.com/search.php?searchid=2510475&pp=30&page=1

You are forgetting one thing. Wot probably doesn't need to sell this domain now, because he needs the money like I do, and maybe you do. When a person doesn't have to sell, he can be as unrealistic as he wants!

I agree with your logic, but in that situation don't complain when the auction house doesn't play along with the unrealistic pricing.

 

[wot]

I would say it is worth more than 2k (would have guessed about 4-5k). But a reserve of 2k is entirely appropriate. The point of an auction is to sell names, I see in other threads you have this name listed with "Min offer $25K" you've been trying to sell this same name for 4 years. Is this the kind of reserve you expected? If the market was full of names priced like that there would be no sales at all.

I try to sell all my names, Some I have been trying to sell for 6 years But only at acceptable prices- to me- that's the business I am in.

The point I was trying to make is that in the current environment putting such a low reserve on such a name guarantees a sale for traffic and a happy buyer, sellers may have a different opinion don't forget- single bids are the norm.

As for what price expectations I put on a name, wherever I promote, I certainly don't start low and try to work up.

I would say it is worth more than 2k (would have guessed about 4-5k). But a reserve of 2k is entirely appropriate. The point of an auction is to sell names, I see in other threads you have this name listed with "Min offer $25K" and you've been trying to sell this same name for 4 years with dozens of sales and appraisal threads. Is 25k the kind of reserve you expected? If the market was full of names priced like that there would be no sales at all.

http://www.namepros.com/search.php?searchid=2510475&pp=30&page=1



I agree with your logic, but in that situation don't complain when the auction house doesn't play along with the unrealistic pricing.

Herein lies the problem - individuals definition of realistic pricing.

 

[snoop]

I try to sell all my names, Some I have been trying to sell for 6 years But only at acceptable prices- to me- that's the business I am in.

If you are selling domains at auction and on forums and they don't sell in 4-6 years then something is majorly wrong with your price expectations.

 

[VisualArtistFrankBonilla]

If you are selling domains at auction and on forums and they don't sell in 4-6 years then something is majorly wrong with your price expectations.

This proves exactly what I said before. Tell me if I am wrong, but the majority of domainers haven't even owned a domain for 4-6 years, let alone try to sell one for that long!
Wot has because he doesn't need to sell it today, tomorrow, next week, next month, or even next year! Sounds like pure good business to me. It has nothing to do with pricing expectations. It's just like real estate. A person who has the money buys land, and then sits on it with a hefty "For Sale" price. They are in no hurry to sell it, because they don't need the money now! They will just sit, and wait until they get their price, and they will! :sold:

Come back Snoop.