NamesCon2020

What percentage of reported domain sales do you believe?

Labeled as domains in Domain Industry News started by equity78, Nov 12, 2019.

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  1. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    The domain industry can only prove so much, domain sales are reported to DN Journal, recorded by and sometimes reported to Namebio. Blogs will sometimes break a story with a domain sale that no one else knew about. All these platforms rely on trust to a great degree, there is not forensic accounting done to verify every sale. From time to time I have had someone say they can tell me a lot about … [Read more...]
     
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  2. .X.

    .X. Upgraded Member Gold Account VIP ★★★★★★★★★★

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    If it's on DNJournal it's the domain name sales bible to me, I always know if any corrections are needed as far as sales go, Ron will handle his business. I do enjoy NameBio as well, another very reliable source for sales.

    Great read EQ, Thanks!
     
  3. winst

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

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    I believe the reports are mostly real. I see some of my transactions there without explicitly report them

    As a rule I don't report any of my domain sales because I respect my buyer's privacy. Unless I get explicit permission to do so.

    Not everyone understands the domain name value and some old-school public traded companies might get in trouble and get someone fired.
     
    Last edited: Nov 12, 2019
  4. Steven McEvoy

    Steven McEvoy Underbyte.co Free Hosting with domain purchase

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    I think most domain sales are fake, to bring the domain market prices up. A lot of xxxxx sales end up going to parked pages anyway.
     
  5. winst

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

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    There are legitimate reasons why some companies don't use the names they bought: The company went out of business, a strategy change and the name was not needed, or company just want the name for future use.

    I can only speak from my experience: One of my early transaction around 2005, it was used for a few years, then redirected to the main site, then dead for a few years, then it became a name for a newsletter and redirects to a sub directory.

    Another example, 2 years ago, an international law firm contacted me (representing an anonymous startup) they paid $20k and to this day, there is no active website, but I do have an idea who it was.
     
  6. Don Gondon

    Don Gondon Established Member

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    Plenty of, if not most, reported sales are resellers sales, so no surprise the domains are for sale after the sale.
     
  7. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    Lots of reported sales on namepros thru day godaddy are nil since the owners redeemed the names before godaddy changed the grace period.
     
  8. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Very true
     
  9. winst

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

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    There is nothing wrong with reselling as long as they are not doing it for the sole purpose of pump and dump. I do think resellers have the incentive to report all their transactions.

    Again, this is my personal experience: At the height of 4 letter .com "Chinese Premium" bubble (in retrospect of course), I sold a CCCC .com for, what I thought was a great price, $1200. Then a few weeks later, I saw the same domain was sold again for $2400 (reported by llllsales .com).

    For 10 years, nobody wanted 4 letter .com domain names, then I was getting spammed for offers daily. So I've sold most of my 4 letter domains. Today I still get offers for the same domain I've sold 4 years ago.

    I do think there are some fake transactions here and there. But Faking hundreds or even thousands of transactions just seems too much work for a lot of risk and little or no real profit.
     
    Last edited: Nov 12, 2019
  10. biggie

    biggie Top Member VIP ★★★★★★★★★★

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    Hi

    some folks spend most of their day, looking at what sold
    trying to analyze, categorize and make summations and comparisons

    i don't follow reported sales like that

    so, whether they are true or not, ain't a biggie

    if someone I know, reveals a sale
    I congratulate them

    and that's bout it

    imo...
     
  11. oldtimer

    oldtimer Do some good for humanity and the environment VIP ★★★★★★★★★★

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    The domain Industry as a whole has to be careful not to be used as a tool for money laundering.

    Since there are no limits as to how much a domain can be sold for, sometimes it's hard to believe that there was not something going on behind the scenes in addition to the true value of the domain that was being sold, or whether a domain has just changed hands just for the show and wasn't meant to be used for anything (at least in the eyes of the experienced domainers).

    Not making any accusations here, but we just have to be more careful believing every sale was just a domain sale especially if they just don't feel right.

    IMO
     
    Last edited: Nov 12, 2019
  12. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    domains would be the last I would think of
    for money laundering

    what an idea

    domains are illiquid assets
     
  13. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    I think most sales are real
    as most sales have average prices
     
  14. Larion

    Larion Established Member

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    Most Domain-Sales are NEVER being reported. Especially not the high-value Sales.
    Not an DNjournal and also not on Namebio. And not on any other News.
     
    Last edited: Nov 12, 2019
  15. Dave

    Dave Top Member VIP ★★★★★★★★★★

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    90% of domain sales aren't reported. I'll post again later to explain why (I think) this is.
     
  16. Nikhil Jain

    Nikhil Jain Top Member VIP

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    I personally believe majority of the reported sales to be true.
     
  17. HandMadeDomains

    HandMadeDomains Established Member

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    I'd love to know your thoughts on this.

    My first sale was a BIN directly from Afternic
    I never knew who the buyer was, there was no communication except Afternic notified me it was sold.
    What makes it startling is that it was for $5000!
    (Not a bad way to begin a domaining career after 2 months --- EXCEPT that it tends to really skew one's expectations ;) )
    It was never reported.

    The Namebio sales reports present a sense of what's moving ... but if it's only a sliver of the "elephant" how can you determine what the "object" is with so little data?
     
  18. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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