Why watch comedy when you can laugh while domaining?

[wo]

One of the unspoken benefits of domaining is the sheer amount of laughter it provides just seeing some of the unrealistic prices some domainers set for shi**y domain names.

I was doing some research to evaluate the price of a domain I've been assigned to sell, when I came across this: peekaboo gourmet .com asking price is $18,000. Seriously? I laughed for 5 minutes straight, I almost peed my pants. :D

 

[Kate]

Welcome to domaining

 

[biggie]

One of the unspoken benefits of domaining is the sheer amount of laughter it provides just seeing some of the unrealistic prices some domainers set for shi**y domain names.

I was doing some research to evaluate the price of a domain I've been assigned to sell, when I came across this: peekaboo gourmet .com asking price is $18,000. Seriously? I laughed for 5 minutes straight, I almost peed my pants. :D

:talk:

Hi


sometimes it pays to do some research.

as that shizzity name had a viable website behind it, before it was redirected to the "mittromney.com" website


http://web.archive.org/web/20110207162635/http://peekaboogourmet.com/


there are also other "peekaboo_sites like:

peekaboocupcakery
peekaboocafe
peekabooplayland
peekaboomobile

etc.


so it's good you didn't pee on yourself

 

[wo]

@biggie,

I saw the redirection to mittromney's site, but that's irrelevant. He's directing TO mittromney, not the other way around. In fact, I don't understand why he's redirecting to another site when the intention is to sell. He should redirect to his auction.

As to the other peekaboo :lol: sites, yeah I'm sure there's some out there, the question is do you honestly think that this website is worth 18K? That would be the case if it had tremendous traffic before expiring, which I doubt. Or if it's generic which it isn't. Or if it's brandable, which again it isn't.

The site is worth something, but that something just isn't 18K that's for sure.

 

[MeanerDomainer]

Or if it's brandable, which again it isn't.

Why do you say it's not?

 

[Jawed]

One of the unspoken benefits of domaining is the sheer amount of laughter it provides just seeing some of the unrealistic prices some domainers set for shi**y domain names.

I was doing some research to evaluate the price of a domain I've been assigned to sell, when I came across this: peekaboo gourmet .com asking price is $18,000. Seriously? I laughed for 5 minutes straight, I almost peed my pants. :D

I'm sure you will get used to it. Many so-called "domainers" ask $100,000 at ebay for newly registered domains. :]

 

[biggie]

@biggie,

I saw the redirection to mittromney's site, but that's irrelevant. He's directing TO mittromney, not the other way around. In fact, I don't understand why he's redirecting to another site when the intention is to sell. He should redirect to his auction.

As to the other peekaboo :lol: sites, yeah I'm sure there's some out there, the question is do you honestly think that this website is worth 18K? That would be the case if it had tremendous traffic before expiring, which I doubt. Or if it's generic which it isn't. Or if it's brandable, which again it isn't.

The site is worth something, but that something just isn't 18K that's for sure.

unless you know what the traffic and conversion rates were....then you really don't have any pertinent info, to properly evaluate the property.

obviously someone branded it, whether or not you see the brand as viable is your opinion.


and if that site only made $2k a year in profits, then it would be worth more than $18k.


but that's just my opinion

 

[MeanerDomainer]

and if that site only made $2k a year in profits, then it would be worth more than $18k.

More than 9X annual profits? More than 9X annual profits for the domain only or domain + site?

 

[biggie]

More than 9X annual profits? More than 9X annual profits for the domain only or domain + site?

:talk:




if the domain was parked and it made $2k a year, then asking 9 yrs revenue in return for selling, is reasonable.




if it is a website and the sale was for both the domain and the site, and the website made $2k in profits, then $18k would be a reasonable asking price.

i have sold quite a few domains that had earnings, which sold for more than 10 yrs. revenue.

there is risk on both sides of equation for seller and buyer alike, when buying or selling a property that produces revenue based on a multiple # of yrs.


the domain could earn more the next year and the years after, thus the seller "undersold" based on the calculations.

the domain could earn less the next year and the years after, thus the buyer "overpaid" based on expectations.


but, if you don't ask for what you want, then you'll never get it.



i remember i bought a domain off the forums for low $,$$$. the price was based on a yearly multiple according to what the domain was making then.

i then changed the keywords for the domain and have made over $15K in parking revenue since.


i have also been on the other end, where i bought a domain based on a multiple and the revenue went down.


so i do know the risks

 

[Kamikaze]

Many so-called "domainers" ask $100,000 at ebay for newly registered domains

Or $21M USD... :lol:

 

[Steven]

One man's garbage is other man's treasure

 

[Jasonn]

if you always settle for what resellers think a domain is worth, you will never get anywhere in the domain business. i've sold domains less than 6 months old for xx,xxx (had no traffic, no site, no earnings). if i didn't ask i wouldn't of got. of course its rare but everyone has the right to ask whatever price they want, no matter if it makes you laugh or not.

 

[kerwin]

if you always settle for what resellers think a domain is worth, you will never get anywhere in the domain business. i've sold domains less than 6 months old for xx,xxx (had no traffic, no site, no earnings). if i didn't ask i wouldn't of got. of course its rare but everyone has the right to ask whatever price they want, no matter if it makes you laugh or not.

I agree. While the OP has a point, there is surely some merit in shooting for the moon when it comes to domains that are at least average. Often when surveying the weekly top sales chart at Dnjournal, my first thought is "There's no way the folks at Namepros would have asked for that much". But it seens as though it's that kind of demandingness which has helped people like Frank Schilling become so successful in domaining.

 

[Kate]

But it seens as though it's that kind of demandingness which has helped people like Frank Schilling become so successful in domaining.

You can afford to set the bar very high when you have outstanding domains. But not when you have mediocre or average domains. Because asking for 7 figure amounts blows your credibility and is a deterrent to any possible buyer. End users are not going to play silly games and share in your domainer pipe dreams.

Rick can afford to sell one domain every 5 years because he has millions in the bank, so he holds out for the compelling offers only.
Schilling is a somewhat different beast. He sells at end user prices but many of his domains are still priced below the insanity level. These people are not representative, and their strategies are not applicable to others really.

The average domainer (that is you and me) is not in the same position. We have to make sales on a regular basis in order to cover expenses and build cash flow, and make a profit. The odds of making that multi million dollar sales are lower than winning the lottery. Make smaller sales, but repeat them often. Ask for outlandish sums of money and you will end up broke. Quite logical, the more money you have, the better your bargaining position is, because you don't need the money and can afford to say no.

I understand people want to emulate the stars they admire, but before you can slip into their clothes you need to grow up :gl:

 

[alien51]

Sometimes, the only reason why the domain is priced absurdly high, like $18,000, is because the new owner purchased it for $17,800 and he wants to recover his money and earn a profit of $200.

Whether he was fool enough to pay $17,800 for garbage in the first place, is another story.

 

[kerwin]

You can afford to set the bar very high when you have outstanding domains. But not when you have mediocre or average domains. Because asking for 7 figure amounts blows your credibility and is a deterrent to any possible buyer. End users are not going to play silly games and share in your domainer pipe dreams.

Rick can afford to sell one domain every 5 years because he has millions in the bank, so he holds out for the compelling offers only.
Schilling is a somewhat different beast. He sells at end user prices but many of his domains are still priced below the insanity level. These people are not representative, and their strategies are not applicable to others really.

The average domainer (that is you and me) is not in the same position. We have to make sales on a regular basis in order to cover expenses and build cash flow, and make a profit. The odds of making that multi million dollar sales are lower than winning the lottery. Make smaller sales, but repeat them often. Ask for outlandish sums of money and you will end up broke. Quite logical, the more money you have, the better your bargaining position is, because you don't need the money and can afford to say no.

I understand people want to emulate the stars they admire, but before you can slip into their clothes you need to grow up :gl:

Disagree. Hardly anyone here makes a real living domaining, and that's because folks aren't making that big sale whose proceeds help with acquiring higher-level names that create a viable business.

ReduceReadmissions.com recently sold for $20,000. What $$$ would the Name Pros have accepted for that? How about GetFieldTrip.com ($25,000)? I could list many more examples. Excluding those with the funds to buy premium domains from the start, the only categories of people who really succeed in domaining are a) old crows who were around from the beginning, b) squatters or c) people brazen enough to demand top dollar for unspectacular domains. Because of their reluctance to do c), most people here have little hope of moving beyond the realm of small-time pigeon **** farmers.

 

[domainhacks-931385]

(I agree with the OP)

Good news! Youphoria.com is for sale! On so many levels, this domain name is nothing short of exquisite! An "empty vessel" domain [as is the case with "Yahoo", or "Plasma"] what YOU put inside the "jar" defines it. YOUPHORIA could be anything! Jewelry, Perfume, Clothing, etc. Clever. Memorable. Brandable.

Minimum Offer $245,000.00 USD

 

[Kate]

Disagree. Hardly anyone here makes a real living domaining, and that's because folks aren't making that big sale whose proceeds help with acquiring higher-level names that create a viable business.

Correct, few people make a living on domains, in fact most domainers are losing money. But it's not because they are underselling domains, it's because they don't have the kind of inventory to thrust them to the power seller status.

I think Schilling made his money on parking. Rick too. Their initial funding didn't come from big sales. But that was then. When you could find nuggets with type-in traffic. But we are in 2012, not in 1996 or 2000.

Now the real money is made through a combination of skills like:

• research
• patience
• hard work
• focus
• luck accounts for 1%

Buy quality domains on the aftermarket and expired auctions. Not regfee domains.
Pay low $$$ and sell for low $$$$. If you pick domains carefully you should be making sales on a regular basis. Lather rinse repeat. Now that you are piling up money you can aim for superior domains, increase the quality of the portfolio and so on. The small sales add up. The process takes time, I mean years.

What you shouldn't expect is to start from scratch and bank all your future on one single monster sale that will never come. Statistically the odds are stacked against the registrant. Playing lottery is not a business model.

c) people brazen enough to demand top dollar for unspectacular domains. Because of their reluctance to do c), most people here have little hope of moving beyond the realm of small-time pigeon **** farmers.

So how does that strategy work for you ?

 

[biggie]

I understand people want to emulate the stars they admire, but before you can slip into their clothes you need to grow up :gl:

:talk:


then again, you can never be all you can be, when you're trying to be like someone else.


emulating others has huge risks, not only to your bankroll, but to your mind as well.

emulate "the plan" if you can, but be true to yourself... always.

 

[biggie]

Disagree. Hardly anyone here makes a real living domaining, and that's because folks aren't making that big sale whose proceeds help with acquiring higher-level names that create a viable business.

:talk:

i hear what ya saying but...

is the goal to make a living from domaining, or to enhance your life/lifesytle thru domaining?


can one live on a few $$$ per year, $$,$$$ per year or $$$,$$$.00 per year?

depends on where you live, how you live and what's important in your life.

big sales don't come without making big buys

big guys who make big buys, may have bigger gals/guys with more cash behind them, backing them or fronting them.

they may not have started domaining with $100 budget, but with a $300k budget.

but a guy/gal who starts with $100, then buys, sells and ppc's their way up to making $$$ a month or $,$$$ a year, is a big guy/gal in the eyes of those they feed.


the dn celebrities that others wanna be like, didn't all start at the top.
it took time for them to accomplish what they have and time was needed for the domains they owned to mature into the values of today.

just like it will take time for many here.

time keeps on ticking....into the future