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

 

[DomainTalker]

One business rule I've always followed, in general (not just domains, but general business practice):


Sell by Auction in a rising market...Sell by private negotiation in a flat, or declining, market...


Generally, you'll get better outcomes with this strategy.

.

 

[snoop]

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.

Like I said hold onto a domain for years, but don't expect auction houses to come to the party at unrealistic prices. The fact that it hasn't sold despite scores of sales attempts over years is an obvious indication of unrealistic pricing.

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:

Regarding the realestate analogy an owner is generally not going to put a for sale sign up a leave it on the market for years, that would make it look like a lemon.

 

[VisualArtistFrankBonilla]

Later

Like I said hold onto a domain for years, but don't expect auction houses to come to the party at unrealistic prices. The fact that it hasn't sold despite scores of sales attempts over years is an obvious indication of unrealistic pricing.



Regarding the realestate analogy an owner is generally not going to put a for sale sign up a leave it on the market for years, that would make it look like a lemon.

Very true. However, if Wot owned it, he wouldn't have to put up a For Sale sign. he would just let it sit, and try selling it 4-6 years later! :o

Frank

 

[wot]

I think this has been done to death now.

At least it caused a bit of a stir. Actually most of the names that I have had for some years have not been on forum/auction sales, and as Abstracts says, fortunately at the moment I do not need to sell at prices that I consider unrealistic.

Should my circumstances change then I am relatively secure in the knowledge (If you can be in this biz) that even a fire sale would raise a fair amount of funds.

I said earlier, it is definitely a buyers market and I have been hoovering up a few good names (My opinion), mainly IDN so not to everybody's taste.

Thank goodness most of us live in a world that allows us to follow our routes to achieving whatever we want to do and equally to have differing opinions from our peers and have access to forums like this that allows us to air them.

Carry on domaining. :wave:

 

[gr8trfoo]

physicians.info just sold for a paltry $1515. thats about the worst i've seen a great .info do. once again it demonstrated that what a name is "worth" and what it will "fetch" can be 2 different things.

i'd take that name anyday over american. there are about 50 google advertisers for the one and about zero for the other.

 

[namenut]

physicians.info just sold for a paltry $1515. thats about the worst i've seen a great .info do. once again it demonstrated that what a name is "worth" and what it will "fetch" can be 2 different things.

i'd take that name anyday over american. there are about 50 google advertisers for the one and about zero for the other.

I think, at best, this demonstrate a desperate seller.

namenut

EDIT*


"Now it may be common practice to to sell a domain for 5x or 10x but I have never bought into that nonsense and I have stated it numerous times on the record. That was a Venture Capitalist formula that had nothing to do with the real value of a domain name that many domainers swallowed hook, line and sinker. The very least a domain should be sold for IF you are going to base it on "Today's revenue" is the lifetime earnings of that domain name. That means if you are 35 and you figure you will live to 85, then 50x is your number before you even begin to negotiate. When a buyer can't get to that point....SCREW THEM!

Point is, stop listening to "THEM" whoever "Them" is at the moment. They got it wrong. WE got it right. Don't listen to THEM! SCREW THEM!"

Rick Schwartz