Dynadot

What is the logic behind high-price-enduser sales

Labeled as discuss in Domain Selling and Domain Sales started by topdom, Jun 28, 2018.

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  1. topdom

    topdom Established Member

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    Domain sold
    how much I would pay to register
    if I accidentally own it, asking price
    sold price

    Ampli.ca
    0
    50
    50,000

    TheLocal.fi
    0
    10
    22,040

    LivingOnLight.com
    5
    100
    15,000
    .net available

    I mean, why would anyone register such names to sell.
    And when there is a buyer, why ask 5 figures instead of 3 figures. Don't you know you can't find any
    other buyer if you wait for 1000 years.

    At least half of my domains is much beter than each of these, but receive no offers, not even $1 offer.
    .....
    I email someone to "suggest" that they should buy my domain, without mentioning such a thing.
    I can prove to them that I'm actually willing to sell the domain for 1 percent of what it is worth. And still it won't work.

    I go further, and I find a dropped domain, which would be worth buying for them even for 5 figures, but instead of registering it, I tell them, (are you c razy) why don't you register this domain, it is available, and it would be a great purchase for your company. I wait a week, domain still available.
     
    Last edited: Jun 28, 2018
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  2. imadoer

    imadoer Active Member PRO VIP

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    Sometimes we don't see the beauty in things that others do. Some sales will make sense once you start digging into why it sold some you will never understand
     
  3. topdom

    topdom Established Member

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    Someone saw beauty in beauty.cc
    Someone saw beauty in autism.rocks

    Ok, but there is no competition, why not negotiate. How can more than one person (buyer and seller) see the
    same beauty (which doesn't exist).

    Btw, I'm not jealous, these sellers keep the domain market alive, and because of them we can ask 3 figures for a domain which is worth only 2 figures ;) I also have 5 figure sales, but each was worth the price, and there would be hundreds of other people willing to pay the same price at the time they were sold.
     
    Last edited: Jun 28, 2018
  4. MapleDots

    MapleDots Domain Properties 2010 - 2018 VIP

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    You know the line in the song that goes.....

    I like big butts and I cannot lie

    Well it applies very similar to domains, some like, some not, depends on who is buying.
     
  5. imadoer

    imadoer Active Member PRO VIP

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    Not saying your jealous. Sometimes people want that exact domain. I sold a .com for 10k a little while back .net org and .co were avail. He tried to haggle I played hard ball plus showed some comps and scored. If i was the enduser I wouldnt settle for the .net .io or whatever I want .com but that's me.
     
  6. imadoer

    imadoer Active Member PRO VIP

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    That's my jam
     
  7. topdom

    topdom Established Member

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    People don't necessarily insist on .com. There is a loan company with a .net. I tell them .com is the king. Price for .com is below 500. Keyword itself is good and easy to remember. Their business is old. They have money to loan people, so they have money; but they don't have money to upgrade to .com. This is crazy.
    I don't need money, I'm not desparate, still I'm offering below fair prices to create a win-win situation, and it doesn't work. There are no replies, or visits to domain. I buy a german keyword domain, and contact a german company'; and there are visits from us, russia, ireland, china, but not from europe.

    This is like: you are a single (and straight) man, a girl you can only see in your dreams stops by and say, would you please marry me, and you look away as if nothing happened.
     
    Last edited: Jun 28, 2018
  8. imadoer

    imadoer Active Member PRO VIP

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    I didn't say they did. I said they want what they want . If it was me i would want .com over all. Some other people may think different
     
  9. NYJimbo

    NYJimbo Domain Re-Animator Gold Account

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    I think it's fair to say that domaining is an enigma.
     
    Last edited: Jun 28, 2018
  10. Asfas1000

    Asfas1000 Active Member VIP

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    The top sales are flukes. Mike Mann has 250,000 domains , all priced very high, some sell for the asking price.
     
  11. MapleDots

    MapleDots Domain Properties 2010 - 2018 VIP

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    I agree with you on that (y)

    Personally though I prefer my country code .ca and almost all my personal stuff runs on that.

    That said, my biggest profit deals were all .com whereas my .ca range in 5-10k territory. Adds up if you sell enough of them.
     
  12. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Many sales are one of a kind and rather unpredictable.
    But there is still insight to be had from reported sales.
     
  13. Haykay2005

    Haykay2005 Active Member VIP

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    Domaining is highly unpredictable
     
  14. winst

    winst Established Member ★★★★★★★★★★

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    Domain names are used for marketing, companies routinely spend 5 or 6 figures sometimes much more just to promote a brand. The values are also in the eye of the beholders. Sometimes you get lucky. Sometimes it takes skills and hard work.

    I'll give you my experiences:

    Many many years ago, I bought a short name: dinela, because I thought it was a pretty name and I met someone named Danela. 2 months later, I got an offer because it was Dine LA to them.

    Years ago, "app" was meant for Java Applets so I hand registered a few of them because I was developing some useful applets. After 2008, apps became popular again and referred as mobile software. I sold one for 5 figures.

    Back in 2005, 4 character domain names were auctioned off as low as $9 because nobody wanted them. I bought a bunch of them because I like short names (I hated typing). then in 2015 many people suddenly find value in so called "Chinese Premiums".

    Many people are not interested in domain names. Often, they just don't care. It is not their money anyway.
     
  15. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    ask for more

    if you don't value the domain
    how could the lead?
     
  16. topdom

    topdom Established Member

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    We can do this: Buy a domain for reg free, check its value on Estibot, and contact potential buyers to sell it for 10 percent of its Estibot price. Also tell them that their current domain is worth zero dollars, as they can check on Estibot. Then there would be 3 possible outcomes: they don't care, they buy the domain, or they become a domainer.
     
  17. Sami Ketolainen

    Sami Ketolainen Active Member VIP

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    EstiBot is just automated appraisal tool.

    Automated appraisal bots cannot see the value of the name like human eyes.
     
  18. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Awful idea. The message you are sending is that:
    • you can't appraise your own domain names and let another (brainless) party decide
    • you think the end user is a fool
    • but you are the biggest fool
    PS: actually it doesn't work. People don't buy domain names just because a domainer or estibot says they should. Otherwise we would have a thriving market for domain names.
    And if you contact end users, don't criticize their choices and their poor taste of domains.
    Your product has to speak for itself.
     
  19. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    you started domaining in 2018 ( last week ) ????
     
  20. topdom

    topdom Established Member

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    Estibot is better than it used to be. I consider it as accurate up to a factor of 10. Ok, I can evaluate domains myself, but a potential buyer can't. Estibot acts as an unbiased third party, and I suspect people would take it seriously. But maybe the main thing is that site owners may not know domains are supposed to be bought for rese lling. So they can say I can buy a domain for 10, and you also bought it for 10, and why should I pay you 1000 for it. But when there is an Estibot price this logic collapses.
    If you only invest in .com's probably you won't like Estibot, and this is understandable.
    .....
    Someone may create a program to check beauty, and many people would refuse to use it but many other people would use it and some take it seriously and get depressed and decide to do surgery, botox, facelifting, yoga, go to a dentist etc.
     
    Last edited: Jun 30, 2018
  21. kite26

    kite26 CleverDNA.com VIP

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    Domaining is highly unpredictable, but there is another factor: Possibilities
    You want to play with the odds to your side. That is how you can achieve profit.
     
  22. topdom

    topdom Established Member

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    My response to those who says your domain should speak for itself, and you don't need to do anything.
    ...
    Who would get more girls more easily: a nice handsome guy, or an ugly rock star.
    ...
    What happens in real life: Someone checks a domain, they see it is not available, so they look for an alternative, not consider backordering. But if they knew it was available but at a higher price they would consider buying if they also realize it is not a scam. Contacting potential buyers means waking up such people. This doesn't work most of the time either, I think, because of timing.
    People wouldn't necessarily buy something just because it is on sale. But if it is on sale, plus it is a good investment, then there are more reasons to buy.

    I hate concvincing people. I give a logical proof. I prefer that people understand that proof, or they give a logical counterargument.
     
    Last edited: Jun 30, 2018
  23. DnameAgame

    DnameAgame BrandPlease.com, see [email protected] BuyNa.me Gold Account

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    IMO... business is business and they all (fundamentally) follow the same rules and play the same game.

    Yes, business is a game and best players are the CEOs and other Cs and especially Sales People - they even get to tell developers who have skills way beyond theirs - in many respects - what to do and build.

    But, big companies who regularly spend big money - do it where they feel safe and dont mind paying a premium to do so. If you want to use Mike as a comparison, if Big Corp A's marketing team is doing research and find 2 good names - 1 killer and one good but with a seller they trust, guess which one is bought. So, Mike is selling more names because he has created an amazing and reputable business that big companies can safely spend big money on. His business and the reputation he and his team created allows for his amazing track record.(among many other skills I dont have hahaha)

    As good as a name is, if there is even a thought of scam or a possible fraud, it's on to choice B.Most people, marketing executives included, are not deep into the domain world and are more worried about explaining to the CFO how they got ripped off than getting high fives for the "great" deal they got.

    Just good to keep that in mind when reaching potential buyers, especially if your name quality puts you in competition with the industry leaders.

    Good Luck always!!!
     
  24. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Do they have to ? End users usually have a budget. So they will try to find a suitable name for their budget and they usually have choice. Sometimes they need one particular domain and then the owner can ask what he/she wants. He doesn't care what estibot is saying.
    Looking at comparable sales is a better guide but even for liquid names like LLL.com the price range is quite broad.

    How can you claim that it's not biased ? Have you seen the source code ? Plus, I doubt that it could see the beauty in brandables or names in foreign languages.

    But they have this fineprint:
    The dollar valuation is not to be taken literally - it may change, and it is only an aggregate of the various metrics. Do not make a purchase or sale decisions based on this appraisal.
    In other words, it's for entertainment purposes. Again, why should end users even consider it for the purpose of buying a domain .

    The domain has to speak for itself, because you can't sell stuff that nobody wants. You need to have a buyer in front of you to discuss pricing.
    Domain names don't sell because they have nice appraisals, they sell because someone needs them and will pay to acquire them. Estibot will not bring a buyer to you if your name sucks.

    I have a question for you, do you buy names based on estibot appraisal ? I hope not.
     
  25. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    that is utter nonsense
     

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