NamesCon2020

What am i doing wrong?

Labeled as auctions in Domain Buying and Selling Discussion started by Francis AHLE, Dec 1, 2019.

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599

  1. Francis AHLE

    Francis AHLE Established Member

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    Hi all, i put domains for sale at flippa auction (datingland dot net and seoauditexpert dot com). I used the most expensive option for the first one (65 usd) but did not even got 100 views (in fact i only got 78 at this time and i even think that the views might be mine).

    The reserve price is also decent (only 200usd). In addition to this, i used the 29 usd option at estibot to generate leads, but still no offers and only 10 days left.... What am i doing wrong? What could i do to improve my chances? Is it worth using google ads, facebook ads, advertise on namebio? Or must i buy paid traffic and send it to my landing pages?
    I'm looking forward to your answers.
    Best,
    Francis
     
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  2. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    sorry to say but "good names" need no promotion. don't take offense as I have low grade domains myself.

    my suggestion for ads?

    domaining
    dsad
    Facebook domaining groups free
    tldinvestors

    personally? I now like GoDaddy and Sedo for actions. I like that they have a counter for how many visitors came to your offer.


    I have "other" tricks now that I want to test out to get visitors to my auctions.not going to mention them here.

    also a good idea to sign up to other domain forums and promote there. can't mention them here.

    so many people have paid for extra promotion packages.

    I had a GoDaddy rep tell me once that paying for the featured listing on GoDaddy is worthless and don't bother. unless you have a domain that "sells itself".
     
  3. Francis AHLE

    Francis AHLE Established Member

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    Thanks for your honest answer. I'm completely okay with it. Just noticed that some flippa listing had an impressive number of views and this is why i found it weird! I had a domain that sold itself nearly 2 months ago. But i was just thinking that Promotion would help.... would you mind sharing tips inbox? Really need to move forward and improve my sales
     
  4. steven55

    steven55 Established Member

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    You mean it should be done or avoided ? Which promotion packages do you mean ?
    Please clarify ..
     
  5. biggie

    biggie Top Member VIP ★★★★★★★★★★

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    Hi

    those names aren't worth the $94 you spent to promote them

    and if they had sold for $200, then your net would be $106, not to mention any commission flippo charges

    so, it's not worth the effort when you're paying out, as much as you're getting in.

    avoid these profit centers and keep your money in your pocket.

    imo...
     
    Last edited: Dec 5, 2019
  6. Francis AHLE

    Francis AHLE Established Member

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    Okay, with that being said, i'll be happy to have some selling strategies if you don't mind ;)
     
  7. xynames

    xynames XYNames.com PRO VIP

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    Is there even one dating site on dot net? You should have researched this before spending a nickel.

    And what is an seo audit? I’ve never heard of the term even in all the seo spam I’ve received.
     
    Last edited: Dec 5, 2019
  8. biggie

    biggie Top Member VIP ★★★★★★★★★★

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    Hi

    I think you should focus on "buying strategies",
    as in, learning how and what names to buy.
    and that, will make selling domains easier

    imo...
     
  9. Francis AHLE

    Francis AHLE Established Member

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    Okay i see. Thanks!
     
  10. Avtar629

    Avtar629 MarketDN.com Gold Account VIP

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    ANY and all.

    For some reason it really doesn't work. I've burned money on it on any platform.

    I hate to "say" this because it smacks of shill bidding.

    If the starting bid on say Namejet is $69 or $59.

    You are better off giving a friend $69 have them create an account on Namejet and bid on your auction.

    It's the 900 lb gorilla in the room.

    Truth be told domainers are all about DATA and not about being pitched to because we're all pitchers.

    Don't tell me how great your domain is. Prove it.

    Matter of fact. Don't. Your domain should speak for itself. Sell itself.

    If you have to promote it, you already lost.

    Domainers can smell desperation like shark. It's not a good look.

    That said. If your domain has tons of views, and a bid. You are way more ahead than paying for promo.

    Of course I don't condone shill bidding but I'm of confident some of the most successful domain auctions started with a shill bid just to get it going. No one will admit to it obviously. I've never done it myself because I really don't like auction environments.

    It's risky especially if you list if with NO RESERVE.

    Which is what most will advise you because you'll get more "action" supposedly.

    Featured Auctions can cost $25-$80.
    Starting bids at auctions $25-$69.

    Also remember if a domainer checks out what auctions are going on. Most "power search" for all domains with BIDS because we are lazy.

    The assumption is that "someone" thinks there is value in a domain to put a bid.

    It's basically tipping them off on a "good one". Even one bid is better than paying for a featured Listing.

    Also I hear certain companies like Namefind or Hugedomains or buydomains have AI's or team members that will bid on domains that have bids by default.
     
    Last edited: Dec 5, 2019
  11. steven55

    steven55 Established Member

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    Thanks Avtar629 for elaborating your experience so well!

    This means auction promotions mostly does not make any sense.

    Since shill bidding is out of question for most of us and auction promotion generally does not work, what could be the best way to go about an auction, be it on Sedo, Godaddy or anywhere else ?
    Advertise on other sites ?
     
    Last edited: Dec 5, 2019
  12. Josytal

    Josytal Top Member VIP

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    You can set up your own website. Forward all your domains to the website (landing pages). You can then advertise and point visitors to the website.
    Having your website with your domains does not mean you can't list the domains on other marketplaces. You should - the more, the better.
    Promote your business and not others.
     
  13. steven55

    steven55 Established Member

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    Thanks Joystal!
    I was thinking of this previously and had even developed most of it.
    But was not sure whether it was worth the effort and left it halfway..

    This motivates me to go back to work on it..

    My logic that time for not going for own marketplace was:
    -It is better to promote on established marketplaces like Sedo and Flippa than have own site. Because our own site would not be getting traffic anyway without promotion.
    -If a domain is bad, it's not going to sell anywhere anyway.

    But maybe these were just excuses to be lazy and not put effort on it.
     
    Last edited: Dec 6, 2019
  14. Joe Nichols

    Joe Nichols Common sense consultant VIP

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    Don't over-complicate the process. Keep it simple. Listen to @biggie.

    Spend your time learning how to identify good names, and how to buy them at prices that allow you to scale. This, above all else, will help you to sell. Having your own marketplace is fine, and yes there's even a place for promotion of names you've put up for auction... but that all comes after you own good names.
     
  15. steven55

    steven55 Established Member

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    Yes I agree Joe. The first and foremost thing is to buy the right domains..
     
  16. Josytal

    Josytal Top Member VIP

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    Domaining is not only buying, but also selling. They go hand-in-hand.
    Easy to buy, hard to sell. This must reflect on the ratio of commitment you give to each aspect. 30% - buying, 70% - selling. Just listing on marketplaces and keeping your fingers crossed will get you nowhere - on the long run.

    Even if you have good domains (which by itself is subjective) the industry average sell-through rate is 1-2% in a given year for most portfolio.
    Apart from renewals, What do you do with the rest 98%?
    You can monetize them. Profitably. That's another reason to have a marketplace not only with unique landing page for each domain, but also with blogging facilities. I practise what I preach and not recording loss like overwhelming majority of domainers, even though I'm not a pro.
     
    Last edited: Dec 6, 2019
  17. biggie

    biggie Top Member VIP ★★★★★★★★★★

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    Hi

    take two domainers, both have 1000 domains, each with average yearly renewal of $10,000

    domainer A sells 6 names, 4 @$5k , [email protected]$1k
    domainer B, sells 20 names all for $500 each
    one sells 2% the other sells less than 1%

    so, what each domain name is sold for, is more important, than how many domains were sold.
    therefore, a low or high sell thru rate, is not indicative of portfolio revenues or profitability.

    also, in example above, you don't know how much either domainer paid to acquire the 1000 names,
    we don't know if they are all recent hand regs or they were bought in drops, from other domainers or if they are original registrants of quality aged names, a mix or combination of all..

    there are some things we just don't know about each portfolio
    like quantity of names, quality of the names, and again, price they sold for, etc., that affect one's ability to sustain and stay in the game... to say whether a sell thru rate is a metric relevant to profitability.

    imo….
     
  18. Josytal

    Josytal Top Member VIP

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    Your are right. That's why it's always safe to say "on the average".
    1-2% is industry STR average and hardly can mouth-watering sales recorded by a few domainers greatly influence that number.

    Two domainers' sales or with best portfolios can not be taken as industry average. Empirically, not representative enough.

    In any sphere of life there is always that 1% elite group and the whopping 99% multitude. Domaining is no exception.
     
    Last edited: Dec 6, 2019

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