Value of Domain Hacks

[xman]

Here's my question..what is the value of domain hack? I've seen some good domain hack and i was wondering about the value of it. I myself own one and i'm not sure whether or not i should get more. I haven't seen any sale of domain hack. Why do we register domain hack? Is it because the domain looks cool or because there's a potential end user who's willing to buy such domain?

 

[nam.es]

Me.nu sells for $45k on Sedo on the 9th June.

Not a bad price - but also not a great price, was it bought by a domainer as an investment or by an end-user?

Huge sale in times like this https://domaingang.com/domain-news/...une-15-2020-topped-by-me-nu-at-45000-dollars/

Congrats to buyer & seller.

 

[Lega.cy]

New update of Nami.ng has just been pushed. Thanks @TheBaldOne for reaching out with submissions!

 

[NAMING.GE]

New update of Nami.ng has just been pushed. Thanks @TheBaldOne for reaching out with submissions!

I've discovered a very interesting and strange-looking hack recently: PREML.GE used for Premier League

 

[MUKRA]

I saw good sales in domain hack. I also have

socialdu.de

 

[CobraKai]

Huge sale in times like this https://domaingang.com/domain-news/...une-15-2020-topped-by-me-nu-at-45000-dollars/

Congrats to buyer & seller.

Wow. 45k for me.nu seems very low considering the food delivery industry have been taking off in many countries. Using it for an app would be killer.

 

[TheBaldOne]

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.

 

[liftkid]

Just got Godstime.best trying to say God's time is the best.

 

[NAMING.GE]

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.

Unfortunately, hacks are still dreaming of 6-figure pricing

 

[TheBaldOne]

Unfortunately, hacks are still dreaming of 6-figure pricing

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

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.

Finally, everything is in the 'marketing'. Market something well and it's 'value' will increase, market something badly and it's value will decrease.

 

[NAMING.GE]

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

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.

Finally, everything is in the 'marketing'. Market something well and it's 'value' will increase, market something badly and it's value will decrease.

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.

 

[TheBaldOne]

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
.

@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.

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

 

[nam.es]

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.

 

[Lega.cy]

I've discovered a very interesting and strange-looking hack recently: PREML.GE used for Premier League

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

 

[NAMING.GE]

Sold SURGE on Sedo

 

[TheBaldOne]

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

Congratulations though.

 

[NAMING.GE]

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

Congratulations though.

Sorry, my bad Mid $XXXX

 

[Terrains]

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

 

[CobraKai]

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

 

[NAMING.GE]

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

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.

 

[CobraKai]

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.

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