closed FuelPrices.co

[Cr3ativity]

At first, I was confused that no one actually picked up this domain name....but was surprised that the appraisal by EstiBot was $2,200 and I paid $9! The hardest part, however, is to actually sell a .co extension domain. My guess is that I should hang onto it for another 5-10 years and build a website.

Until then, how much do you think this domain might be worth?

 

[silentg]

GasPrices.com sold for mid $x,xxx. Park it and try to get your registration cost back and turn off auto-renew.

 

[Cr3ativity]

Thank you for the prompt reply, Silentg! I'm definitely following your advice

 

[katherine]

You're not seriously trusting automated appraisals... right ?

 

[Cr3ativity]

Katherine - I only use EstiBot as a rough guideline. You'd be surprised how sometimes EstiBot's valuation is spot on. For instance, I was selling ArticlesPlus.com and the highest bid I received was $1,325. EstiBot's valuation was $1,400. I never ended up selling the domain name, but the point being is that the buyer's offer nearly matched the predicted valuation. Of course, if I built a website, added AdSense, etc then I'd probably get much more....

 

[WhoDatDog]

I see that you just joined this month. What you need to do right now is not register any names. It is not your fault that those who have status in the industry, including registrars, forum owners, and parking companies, continue to abuse newbies with worthless extensions every year.

They will NOT step up and save you from yourself. What you need to do is stick to dotcom until you can make a living doing that. Once you have made a living buying and selling dotcom, then you can occasionally jump into other extensions.

You are making a HUGE mistake if you ever register or buy another .co name. It is a scam. The extension was launched for one reason only, and that reason is to make money off of those who have very little knowledge about what makes a name have value. It is a shame that over 90 percent of those who have a voice in domaining do nothing about these scams year after year, but that's just the way it is.

All you can do is avoid anyone who tries to sell you this garbage. Do not line their pockets and pay their bills for them. You can also take heart in knowing that sooner or later these people will no longer exist, as the oldest human being on the planet is 116 years old, I think. So, if you can wait it out long enough you should be able to send notes to a few funerals, letting those close to them know that you are sorry you couldn't attend, but you send your approval.

 

[Cr3ativity]

WhoDatDog - I truly appreciate your concern and all your help. I'm not sure if I would call .co a scam considering the fact that new extensions are launched for primarily one reason - make money when .com is clogged. .Co domains are being registered by major companies/corporations - Google, YouTube, and (surprise, surprise) DNForum. Regarding research, I have been doing that all along and some domains have paid off, even though I did not end up selling them - ArticlesPlus.com (Offer: $1,325) & LavaCast.com (Offer: $100). The reality is that I find .com domains to be over-rated. .CC domains receive nearly zero traffic and are not popular, but they are still being sold. To be honest, I am investing in domain names for extra income here and there. My primary source of income will be teaching. I am finishing my BFA and will be going into Masters & Bachelor's of Education. I also have my own blog/website: Cr3ativity.ca/.com/.co (hence my username on Facebook, YouTube, and even DNForum). The blog/website is incomplete, but I use to sell my artwork on it. Just yesterday, I registered the name DNReno.com/.ca to start off my domain portfolio and offer info for beginners. I've actually registered DomainReno & DomainNameReno both .ca & .com

I also have a question for you. ArticlesPlus.com has over 1 billion searches compared to my other domain, PGGames.com which receives 130,000-300 mill. I get double the clicks/unique visits with PGGames, but have only received offers for ArticlesPlus.com In terms of age, both are 8-10 years old domains. They don't receive much traffic, but then again, they aren't developed. So, instead of considering selling ArticlesPlus.com, should I build a website/blog and earn from AdSense/visits? I think both domains have potential. Would like to hear your opinion. Thanks

 

[WhoDatDog]

I'm just letting you know that you are heading in the wrong direction. You are either going to have to rethink what you are doing, or you will just spin your wheels and rationalize your poor choices. The .co extension is a scam. Just because some people in the industry trade in the worthless extension does not mean it is legitimate.

What you are doing is trying to rationalize garbage. If someone is dating a supermodel, there might be someone else who suggests that an overweight, unattractive, and mean woman is the way to go. After all, they are both human beings, so what's the difference? And besides, the competition is too strong and there are only so many supermodels, so why not date someone that nobody else wants? Well, if that is your gameplan then I say "Go for it". But don't try to act like they are in the same universe. One is in demand, and is attractive to almost everybody, whereas the other is not in demand, and desired by just a few.

You only get one shot in life, so whatever areas you spend your time should at least be where you pursue excellence. This is not like a musical preference, where someone might like Country Music, and another person likes Heavy Metal. Those are differences of opinion and taste, and that is what makes the world a fun place.

You are making a huge mistake, but it is your right to make mistakes. Do you think you could compete in the job market if you had an Associates Degree when everyone else had a Masters Degree? Would you rather be a 6 foot tall male or a 5 foot tall male? If you were trying to get a date would you want to be Tom Brady or Peyton Manning? Life is tough enough, and there are many things you cannot control, but you can avoid making certain terrible decisions in lots of areas.

Faulty logic usually brings with it a bad result.

 

[sbtx]

At first, I was confused that no one actually picked up this domain name....but was surprised that the appraisal by EstiBot was $2,200 and I paid $9! The hardest part, however, is to actually sell a .co extension domain. My guess is that I should hang onto it for another 5-10 years and build a website.

Until then, how much do you think this domain might be worth?

Nice domain for the investment, if you can hold on to it, I believe you will get a real good ROI. Godaddy is really pushing the .co extensions and marketing then as only 2nd to .com even ahaed of .net and as more investors get into domains I think you will have plenty of opps to make some money on this domain. I think estibot has it about where it should be if developed but in time could get there undeveloped in 5-7yrs. Good Luck

---BEGIN CERTIFIED APPRAISAL---Certified Appraisal Number 1002345

Appraisal of domain name: FuelPrices Performed by master appraiser DNGalaxy.com Industry focus of name: general​

Category	Rating (1-5) ​	Explanation
Descriptiveness	5	Ability to be associated with content.
Length, characters	4	Length in terms of characters
Length, words	4	Length in terms of words or partial words in the name.
Spoken Test	5	Likelihood that name will be spelled properly after being heard.
Breadth of Applicability	2	Is the name generic - e.g. can it be applied to a variety of institutions, individuals and businesses?
Dot-Value	.co	What is the extension: .com, .net, .org, .cc?
Hyphenation	5	Does the name contain hyphens?
Abbreviation	5	Is anything abbreviated, such as eName.com?

Appraised value: $526

Appraiser's Comments: Nice investment domain w/ great development potential

---END CERTIFIED APPRAISAL---


Ill give you your reg fee back for it, lol ​

 

[katherine]

Paid appraisals are a joke, in particular automated appraisals.
If you order an appraisal from me and I tell you that your portfolio is all crap or reg fee at best would you be happy ? Would you order more appraisals from me ? On the other hand if I come back with a generous figure this will boost your ego and make you happy.
Now I can tell you that your name is worth 1 million but until you have a buyer your name is worth nothing.

Now back to the opening post:

At first, I was confused that no one actually picked up this domain name....

You shouldn't be confused, if you find a 'great' domain that is still available, ask yourself: how come ?

but was surprised that the appraisal by EstiBot was $2,200 and I paid $9!

This has been addressed now.

The hardest part, however, is to actually sell a .co extension domain.

Bingo !

My guess is that I should hang onto it for another 5-10 years and build a website.

Now, one very common newbie mistake is to believe that it's just a waiting game, that any domain can become valuable just by aging.
That is not true.
A domain that is worth nothing today is unlikely to be worth anything in the future.
There are exceptions of course, and I'm not talking about predictive domaining but that's it.
Good domains tend to become more valuable over time. But bad domains will remain bad domains.
Regarding the extension, it's just another alternative TLD along .biz or .whatever and the fact is becoming more obvious now the hype is vanishing.