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Domain Discussion
Domain Beginners and Newbies
Do you know the price of your Domain?
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<blockquote data-quote="amplify" data-source="post: 2343738" data-attributes="member: 130638"><p>I know the price of the domains as I set the price, or agree upon a mutually beneficial price. The buyer has no say in what this price is unless they open a dialogue to negotiate. However, wherever we land in negotiations are always up to me. I can keep a name another 5 years longer.</p><p></p><p>They only decide whether to pay my price or not.</p><p></p><p>There's nothing that says you can sell any name. Time is the only thing working against you in domain name investing.</p><p></p><p>This is where I disagree. I'm on DropCatch quite often and have gone back to lost auctions of brandables in the high $XXX/low $XXXX range where SquadHelp is linked to the winning number. If they're going to pay this, their business would suffer if they haven't made sales, especially at the prices they set (BIN) to profit.</p><p></p><p>Nobody should ever get over their neck in domain names. First of all, you need to sit down at the beginning of your investing journey to know the exact number needed by year-end of year one and at perhaps year two to understand your minimum requirements will be. This number can be applied to domain name renewals as well as acquisitions. Soon as you're through this point, money for a living should be somewhat moot, otherwise, you may have to reevaluate your strategy as it's not leading you anywhere good.</p></blockquote><p></p>
[QUOTE="amplify, post: 2343738, member: 130638"] I know the price of the domains as I set the price, or agree upon a mutually beneficial price. The buyer has no say in what this price is unless they open a dialogue to negotiate. However, wherever we land in negotiations are always up to me. I can keep a name another 5 years longer. They only decide whether to pay my price or not. There's nothing that says you can sell any name. Time is the only thing working against you in domain name investing. This is where I disagree. I'm on DropCatch quite often and have gone back to lost auctions of brandables in the high $XXX/low $XXXX range where SquadHelp is linked to the winning number. If they're going to pay this, their business would suffer if they haven't made sales, especially at the prices they set (BIN) to profit. Nobody should ever get over their neck in domain names. First of all, you need to sit down at the beginning of your investing journey to know the exact number needed by year-end of year one and at perhaps year two to understand your minimum requirements will be. This number can be applied to domain name renewals as well as acquisitions. Soon as you're through this point, money for a living should be somewhat moot, otherwise, you may have to reevaluate your strategy as it's not leading you anywhere good. [/QUOTE]
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Do you know the price of your Domain?
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