"A short brandable .com domain, with age and traffic" LOL.

This is the most popular thread on the forums today, and people are seriously putting down budgets of $40, $30, $100.
Those haven't been available for 5 YEARS!

When did people get the impression that this is a buyers market?
Sure, you can pick up "Crapcrappidy.net" for $10, but people are serious. They want premium domains, that are heavily sought after, for $30.
.COM'S!!

I have never laughed so hard in my life.

It's like a guy who's wife is cheating on him, and everybody knows, and have even told him, and it's even on the news, and in all the papers, but he just won't let himself see it.

What a riot.

 

That is why sometimes the sales don't happen.

In most of the cases even if buyer has a good budget then also he wants to start from low to keep a margin for negotiations.

Seller whose Asking offer is lower wants to start it from top and then come down slowly negotiating in the way.

Many lose the control in between.

 

So true. And that is the constant dance. But many buyers truly do not understand life in the big city and what true market rates and value are.

I think if you hang a round the forums all day, and don't get any other form of education and news, you see enough $5 domains, and you actually think that they are all the same value, and that is just not the way the world works.

I was always taught that if you want some one elses property, you pay for it. An owner has no obligation to lower his price, because you don't want to pay, and many people feel like there is some kind of code of, "You're not using it, so you should let us have it cheap."
They are nuts.

And that's the term that irritates me. Cheap. That is different for everyone. I live in Las Vegas. If I walk into a bar, and a beer is $3.50, that is cheap. If it's $6, it's pretty normal.

To me $100 is cheap. to some of my associates $5k is cheap. But $30 for anything in the world of the web, especially if it is a real word.com, is completely ridiculous. It's not even worth the invoice, paperwork, and Pay Pal charges.

 

Well yes but when sometimes the person making cheap offer doesn't gets that domain name for cheap rates he gets frustrated and I have experienced in past that they then send very useless emails to me.

EX: One guy said he wants domain first and then he will send me the payment. I said no it will be vice versa. I will take the payment first and then send the domain name.

He sends me an email saying what if he sends me the payment and something happens to me If I die or something.

Now that was not a comment I was hoping to hear when I am already over loaded with my own issues and work.

So I had to reply him back that Yes friend that is why I take advance payments because If I push the domain name to you and something happens to you. If you die in accident then what?

He said okay give me your paypal. I said no sorry I am not interested in selling it anymore. He just messed the whole deal.

 

I also see this alot. Its not just domains that I see this type of behaviour. I see many people with posts expecting the best quality domains, websites, etc. at the cheapest price just because they are on the interenet. I remember seeing someone asking for a 500 word article to be written for him for 50 cents.

 

it should be a set rule some where that if you are buying from someone you must provide the money to the seller first. Its like going to mcdonalds you still pay them $x.xx amount of dollars for your meal, but you don't know if its going to be crappy or not thats the risk you take, just some times its bigger on the internet. If people would stop acting like babies and just complete the transaction on both ends we wouldn't have this problem. Another thing is don't sell something over 1k to someone not in the same country as you, because then you wont and cant take legal action against them if something happens to go wrong

 

Guys i understand perfectly what you say, i faced the same situation but i don't blame them too.
You can't fix the world by yourself.

If someone want to do a professional job with the domain will play the offer-counteroffer game
If he thinks he will be the next domain king by offering $1 per domain (for .com that costs you $7) then leave him understand the hard truth by himself but don't treat him like garbage
When you want to make your job right you deal with the people with professionalism, no matter if they ask you to pay them to buy free your name

Also let's be realistic. The first reason most domainers fail and abandon this area is because they make bad judgments for the name or for the requested value. Asking for a pile of money is excellent but if you never going to sell it what is the value for you ?
Is it better to have it for 10 years or sell it take a profit and then try to buy a new one ?
If you took it for $7 and sell it for $84 for example that is 1200% profit, do you know many products with this profit margin ?

The nasty domaining business is not attitude that was based on the ignorance of buyers but also to the arrogance of sellers
Ending.. the forums do help because i don't think buyers see only the $10, $50, $100 sales but also premium sales too
If not here in DP that is not so specialized to domain names there are many more forums for domain names only

 

All good points and true, but I still don't think buyers understand the true nature of the business, or the market that they are in. They have a 7-11 budget but expect a Walmart domain.
I don't know how so many of them have this opinion that domains are an unlimited supply.
Many, Many times, I will show a perspective buy revenue, ACTUAL REVENUE, and they will STILL offer %50 below ONE YEAR!
Or the ones that want something making revenue, but they want to pay 10 months revenue.
Where in the world did they get that business education?
Don't get me wrong, there are more crappy domains for sale than good ones, hell I even have a little crap, that I just throw in to a deal, but the bottom line is, if you are dealing with someone and they have domains going back into the 90's, it is a good bet that they are not some hack trying to make an Escalade on every transaction.
I still do not get the domains for $5 and $10. I have never figured that one out, and I don't know what the mentality is of even selling ANYTHING, let alone a 1 of a kind .com for less than the price of a beer in a small town bar.

I see guys with 3 and 4 year old domains, that are some what decent, and selling them for $3. WTF is that? Why even pay the Pay Pal fees?
I am no snob, but I wouldn't scratch my ass for $3. It's $25 worth of work just to send an invoice, get the payment and push the domain

If that is how the business is going for them after a few years, they would make more money waiting tables.
JMO

 

another thing is age..there are a lot of younger students would be a good word younger students in forums and marketplaces like these so to them this is a learning experience that some of them don't take professionally as to others some of us are making a decent "living"..I would say killing for my self tho

 

YES! Age is huge! You really can't reason with someone who grew up in the 90's. You have to explain to them that there was an internet before 2000, and there was actually a time when there was only one registrar. ANd they don't really understand it anyway, they just want something cool sounding, not knowing that they have no chance in hell of getting traffic with it without knowledge and a marketing budget.
Many people still think, that "If you build it, they will come" and then you see them in the SEO forum crying, "How come I can't get indexed?" , " Am I in the sandbox?

I always try to tell people what to expect, and give them a little more information about how and why they should purchase a domain, and the attitude is always, "Yeah right, it won't be like that for me, because My idea is Killer!". "Everyone will be running to type in "UBUT-ONSF.COM", You'll see" (Maybe not the "You'll see" part)

My regular clients, (People who do not work online) seem to understand it a lot easier than the new wave of "Webmasters". All the new "Day Traders" see is, what they think is fast money.
People off line, just want to be successful, and they listen, and many times, I will see an off line clients website perform better than a new "webmaster" who just won't listen, but spends 12 hours a day online, hoping for a miracle. and then they end up reverting to wasting money on schemes and "Get traffic quick" schemes.

I have guy right now, who has been communicating with me for over 3 months asking me about evey imaginable, "Get traffic quick scheme" that he can get his hands on, because he doesn't believe he needs to spend any money or time on SEO, and his domain sucks. (It's one of those "Me and my friends know what it means" domains.LOL) , he always say's, "I know it's a killer idea I just need to get people to see it". DUH!
He has spent more money on junk, than I was charging him for SEO 3 months ago, and he still gets 20 visitors a day of he's lucky.
Nothing I can do about it. He is going to fail and spend a lot of money doing it, but I still answer his emails, but many people only see 2 kids in jeans after something sells for 100 zillion dollars, and have no clue what it is all about, nor the money to do it.
It's comical.

 

hmansfield i think you noticed that we live in a tech era where logic is not a required part of business. So if you add the luck of professionalism you will understand how all these "nice" things happen
I can only tell that most of these $3 domains are sales with the idea of "instead of dropping i can take 50% of the reg.fee", others maybe parking domains that lost their PR and backlinks, the owner took the profit and now sell them for few bucks. There are many issues and many variables to these sales

You just let them be as long as a transaction gives a smile to the seller i think it's ok for him to do the deal, afterall few of them do this job for a living

 

I am the same way when it comes to making money online a lot of times you have to have something thats valuable off line. A lot of the sites that I see in here that people are trying to make money off of are a bit ridiculous and far fetched. They would probably be better providing a service then trying to get people to there site for maybe 3 clicks on there ad sense which turns into a buck . Everyone has good Ideas its the people who implement them properly and go about things in a certain way are the ones you see being successful.

 

I only say that to say that some that are new or observing seem to get the idea that .com domains are cheap, and do not understand the difference between, "vivamortgagerefi.com" for $12, and "subprimelenders.com" for $3k.
..and they truly expect you to sell it for $100.

The forums are a good education of the web for someone new, but business is made out in the world.
You cannot get an accurate view of the business world on DP. You need to know what is going on in the world around you, maybe and understanding of business, finance, and world markets. Not to mention real domain sales, rates, algorithms, commerce and traffic statistics, history, projects, mergers and acquisitions. The REAL world of business is not concerned with $1 a day on adsense and would laugh at you for offering 10 months revenue, and then throw you out of the office.
There are billions on the line everyday, and people are walking around like YOU TUBE and Go Daddy rule the world. (Well You tube does now)

Everybody want to be a success, but they all want to do it on under $100.
Many of the people I speak to actually think that the sites that sell for millions are just 2 guys in a garage with a great Idea and a website.
That folklore is the biggest hurdle to a new persons success on the web today. They actually believe that's all it takes.

 

What I've found most interesting is how emotional some people are about domains. I own a few domains where I'm constantly getting offers, or requests to buy. When they find out I'm asking 5-10K, they reply with these irate emails calling me a crook and cheat. It's like they feel entitled to xyz.com, and then blame me for ruining their dream.

 

I know, it's ridiculous.
I think the problem is that since it is not tangible, and you can't hold it in your hand or drive it, that people do not give it the respect of finance and commerce that it deserves.
Right away when that happens, you know you are dealing with "Folk Lore Charlie"

Most people still do not understand that good .coms are all gone,been gone for a while, and there will never be anymore.
People that have portfolios, are just the ones that saw it coming, and invested, just like any other business.
It's not our fault that nobody was listening back in the late 80's and early 90's.
We took a chance.
Funny, nobody gets mad at people who invest in Real Estate. They just pay the asking price, but they expect you to give away domains because they finally got around to the world wide web.

 

All I know is I should of bought up tones of dmains in 1996 when I was working at an ISP! EIther way it is nuts some of the offers people make on these things. They are realestate. Web Realestate and it's finite. (top level anyways).

 

Now that was not a comment I was hoping to hear when I am already over loaded with my own issues and work.

 

Couldn't have said it better.

 

I'm always picking up short brandable .com's with age for the $30 and under range. So i'm of the opposite opinion, i get tired of seeing people "thinking" their domain is worth $1,000 when it's the sort of thing i wouldn't give a second glance at in a drop list.

Then when you have a domain better then their 4 figure price tag domain, they are the first to PM offering $30 for it.

 

It's really relative to the buyer. What is truly brand able will depend on the knowledge and marketing of the person who owns the domain.
Every "gibberish " word that is now highly recognized, had a budget behind it to get that way.
You are not going to purchase a domain that no one has ever heard of before, and have no money and luck up and have the next "Squidoo".
99.9% of the world will never even know you exist.

The bottom line on sales is, if you didn't start buying at least 5 years ago, it is very unlikely that you have many domains (stand alone) worth $1000.
Many people will play "back woods hick" and act like they don't know the going rate, only to resell the very domain they got at DP for $40, for $1400 in less than a week.
I have seen it many times
That why I say you can't use a forum as a guide for business., it's mot.
I have seen people bitch about the price, talk the seller down to peanuts, and resell the same domain for %1000.

I have also seen people with no knowledge of appraisals at all, tell someone that a PR 7 website with good content is worth $300.
Now why do you think they are doing that?
People around the forums really don't understand what is truly happening in the world around them.