NameLot

Value of Domain Hacks

Located in Niche Domain Discussion, started by xman, Feb 28, 2007

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  1. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    Concerning Me.nu, personally, and it is just absolutely a gut reaction valuation, but I think the buyer got a steal, it is one of those that should have been between $500k and $2m to an end user. But hey, I didn't own it, I wasn't in the negotiations, and as long as the seller got a price s/he was happy with then it was a good deal.
     
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  2. liftkid

    liftkid Established Member

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    Just got Godstime.best trying to say God's time is the best.
     
    Last edited: Jun 18, 2020
  3. NAMING.GE

    NAMING.GE Upgraded Member Gold Account

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    Unfortunately, hacks are still dreaming of 6-figure pricing :)
     
  4. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    First of all I am not a 'reporter' or 'journalist'. (Play on the word 'hack'.:xf.smile: )

    Secondly, the value of something is determined by two parties, the 'buyer; and the 'seller'. If the buyer offers a price that is accepted by the seller then the 'value' at that time has been set. (Even with certain controversies involved a good example is shown by the purchase of Manhatten and Long Island in the 17th century.)

    Anyway, the fact is that if a buyer wants a domain then the only way the buyer can get that domain (outside of legal recourse) is to purchase it, i.e. come to an agreement with the current owner, the seller. I personally would have not have agreed to the figure struck if I had been the seller, for I value the domain 'me.nu' as being of much greater value. So the sale would not have proceeded, tough on the buyer if they were not willing to meet my price. Such is business. The owner of the domain, i.e. 'seller', has the upper hand in any such negotiation unless they are under some external pressure which means the sale proceeds with the upper hand being held by the 'buyer'.

    I guess one's personal point of view on this is based on whether as 'seller' you need the sale and/or you see yourself as a supplicant in the negotiations.

    As for "dreaming" - well I would suggest that I am more awake than some and am not 'day dreaming' at all, rather I realise the value of such domains and will just wait for one of the multitude of potential buyers to come to the same realisation of such domains values as well. :xf.wink:

    Finally, everything is in the 'marketing'. Market something well and it's 'value' will increase, market something badly and it's value will decrease.
     
    Last edited: Jun 18, 2020
  5. NAMING.GE

    NAMING.GE Upgraded Member Gold Account

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    Good to see express training in basics of economics here :)

    I don't see any reason why you've got it such personal, but the idea of my short comment was that even though we, the owners of domain hacks, believe in value of our domains, many years of silence in enquiries and offers tell us something is wrong and for sure - in many cases it could be bad marketing or poor brokerage, but the quickest answer from the market is - lower the price. And in many cases it works this way. And saying about "dreaming" is not related to sleep - it is related to dream - something very far to achieve :)

    But I understand that there is another strategy of not selling for "reasonable" price and stand on your beliefs until the end and to sell only for the high price. OK.
     
  6. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    @NAMING.GE - There is nothing 'personal' here, I am treating it purely as a debate as I am sure you are, which is both healthy and good.

    The fact is I think 'we', that is those of us who have faith in the advertising and marketing value of our names have not actually done them justice in our own advertising and marketing to potential end-users. I, 100%, fully include myself in this criticism.

    Something has to change, our domains are superb (for the most part that is - LOL), but we haven't engaged the potential end-user buyers by going to what really counts to them, their end-users, i.e. the public, that is those that buy our potential domain name buyers products. If and when we do that then our domains will be seen to have a real commercial value.

    In the next few months (2 - 4 months) I intend to try and influence 'the public' so as to make them aware of our cognitive domains, and by doing that influence the value our prospective domain buying end-users give to such domains. It is too early to go into details yet, but hopefully this will start a launch in the realisation of the value of our domain names. :xf.wink:

    (I should also say the same applies to certain hyphened domains as well.)
     
  7. DomainHacks.com

    DomainHacks.com Established Member

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    There are about a dozen sales of domain hacks over $100K (see Namebio.com) and note that most of them are not owned by domain investors but entrepreneurs and/or creatives who usually don't report sales (except if Sedo was the venue).

    As for me.nu considering it was registered in 1997 and that me.dm (bought by Medium.com) was purchased for $50,000 (https://www.namepros.com/blog/how-the-domain-me-dm-sold-for-50-000-to-twitter.877660/) it is indeed a little low but look at recent .com sales you have generic and LLLL.com going for less than $5K. So this is actually great news for domain hacks to strive during Corona.

    We are working on a 6 figure sale as we speak.
     
    Last edited: Jun 18, 2020
  8. Alexej K

    Alexej K Established Member

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    Thanks! The weekly Nami.ng update is up, including this one.
     
  9. NAMING.GE

    NAMING.GE Upgraded Member Gold Account

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  10. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    @NAMING.GE - That's mean making us wait for the sale price! :sneaky:

    Congratulations though. (y)
     
    Last edited: Jun 23, 2020
  11. NAMING.GE

    NAMING.GE Upgraded Member Gold Account

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    Sorry, my bad :) Mid $XXXX
     
  12. Terrains

    Terrains Established Member ★★★★★★★★★★

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    Sold a handful of hacks for mid $x,xxx - seems to be a sweet spot for end users
     
  13. CobraKai

    CobraKai Established Member

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    Hi everyone. What would you estimate the price difference between the domain gold.fish and goldfi.sh would be?
     
  14. NAMING.GE

    NAMING.GE Upgraded Member Gold Account

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    Well... very good question :) Technically both are hacks, while the first one is preferred by pronunciation (if someone cares about that in hacks). To me, value is almost the same and if I have to buy one of them on aftermarket I wouldn't pay times more to the first one. So, let's say 1.5X vs 1X is a maximum for me.
     
  15. CobraKai

    CobraKai Established Member

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    Thank you for the reply and evaluation. Congrats on the sale of sur.ge!
     
  16. coolhands

    coolhands Established Member

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    @CobraKai
    for me here is what I think is more valued:

    1) Fi.sh
    2) Gold.Fish
    3) GoldFi.sh

    Explanation:
    The first one is very great one word domain hack, I will price it for a range between $20,000-$50,000
    The second one is a cool domain hack and Easy to Read, I will price it for a range between $5000-$10,000
    The third one will be under $1000
     
  17. MUKRA

    MUKRA Established Member

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    Handreg of the day in domain hacks :

    AiGui.de

    Do let me know your opinion regarding selling price please
     
  18. NAMING.GE

    NAMING.GE Upgraded Member Gold Account

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    Do you have any experience with .BY?

    Reg'd Somersby just to try the system :)
     
  19. MUKRA

    MUKRA Established Member

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    Which should be preferred

    tradegui.de

    OR

    tradinggui.de

    Thanks in advance :)
     
  20. NAMING.GE

    NAMING.GE Upgraded Member Gold Account

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    Shorter one
     
  21. MUKRA

    MUKRA Established Member

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    Thank you
     
  22. CobraKai

    CobraKai Established Member

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    Say you own a domain hack and want to sell it. Would you approach the owners of the dot com to try to sell it to them first?
     
  23. Alexej K

    Alexej K Established Member

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    In week's update at Nami.ng we've tweeted to Elon Musk to see if he knows ElonMu.sk redirects to his twitter page.

    As a shameless plug, if you're on Twitter, feel free to follow and engage. I'm trying to post a weekly update including 10 - 15 new Domain hacks in active use weekly on a Saturday.

    Currently the list includes around 270, with many more to come!

    Thanks

    Al

    That would make sense, there's the obvious value for them to use the domain as a shortener across their social media.
     
    Last edited: Jun 27, 2020
  24. CobraKai

    CobraKai Established Member

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    Thanks for the reply. Would you still consider contacting them it if they have a trademark?
     
  25. TheBaldOne

    TheBaldOne Top Contributor VIP Gold Account ★★★★★★★★★★

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    Just hand reg'd these two, really surprised either was available.

    BeatPa.in

    BeatThePa.in

    No idea on value yet, but my 'gut instinct' tells me that the ideal end user (i.e. those with money :xf.grin:) would be a pharmaceutical company. But of course there are other possible end users in the medical world and also in the fitness / keep fit world I would imagine.
     

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