Is it me, or is everyone on Sedo delusional ?

[domainding]

I've only been doing domaining a short time, but I did what everyone
advised me to do when I joined here and read, read, and read some more.
Basically, the more research you do hopefully the less mistakes you'll make.
(admittedly that came a little late after hand-reg'ing a few truly awful names).

Aaaanyways, I was on Sedo earlier on, and I've mostly avoided it up until
now because my initial budget is tiny, so hand-reg'ing seemed more
accessible than shelling out on auctioned names. But just for giggles I was
browsing available names and the only search criteria I put in was to
narrow names down by size of traffic and .com's only.
There are some great names there admittedly (if you have the money for
them), but overall what astonished me was the amount of absolute
twaddle that still having asking prices for around the $10k+ mark.
I'm talking hyphenated/miss-spelled/long-*** names (that's just one
particular domain by the way) that have zilch traffic and aren't developed
in any way.

Now, I'm newbie enough to know that I've got a lot to learn, and that
one's mans garbage is another's gold etc.
But I wouldn't dare think that any of the one's I've got will sell for
anywhere near $10k, and hopefully I've got 1 or 2 good ones now
that are way better than some of them on there. At least according to
estibot.com

So, after the long intro, I guess I'm asking do they have some way of
valuing domains other than appraisals, or sites like estibot that I'm not
aware of, that means I'm missing out on bigger sales figures ?. Or are
people just kidding themselves that they'll get (more than) top dollar for
names like annonce-yur-marrrage-2-da-world .com (not a real one but
not far off it either).

Just to clarify, I'm not knocking Sedo, or all the domainers who use it.
I'm just looking for a reality check that, yes, it is me that's delusional,
and I should be offering the ones I was going to let drop for thousands of
dollars "just in case". Or, are there loads of people with more dollar signs in
their eyes than sense in their head and are unrealistic in expectations ??.

Help me before I go mad.

Thanks,

Alasdair

 

[jasdon11]

Relax, you're not going insane. There are a lot of less-than-reg-fee names with silly prices - that's why there are 30k+ names dropped every day.

 

[fab]

Most domains don't sell, except the real good ones. Occasionally poor domains sell at high prices, so we all try, but you're definitely right, there's a lot of junk people are trying to dump for unreasonably high prices.

 

[draggar]

Relax, you're not going insane. There are a lot of less-than-reg-fee names with silly prices - that's why there are 30k+ names dropped every day.

I thought being insane was part of being a domainer? :lol:

Most domains don't sell, except the real good ones. Occasionally poor domains sell at high prices, so we all try, but you're definitely right, there's a lot of junk people are trying to dump for unreasonably high prices.

Agreed, look at our sale forums here and you'll see so many unanswered posts. I'll admit, I've tried to sell my junk at higher prices but:
1) It gives you the opprotunity to negotiate / lower prices
2) You'll never know - someone may want your domain (I was expecting to get $20-$30 for one and had a $90 offer on it).

Also, if your 2-3 months away from renewal and you want to sell a domain, don't be afraid to sell it for less than a reg fee. Selling a domain for $3-$5 is better than letting it drop for $0.

 

[fab]

I have recently been looking to get into e-commerce. So I found some potential sites for sale. One guy was unbelievable. Told me the domain was great, I valued no more than reg. fee. I could have found a better one at reg. fee, was using OSCommerce, with what he said some additional work, no stock or sales whatsoever, for $20k. Totally unbelievable.

 

[katherine]

You'd be amazed how many non-domainer people register names in the hope of selling nowadays.
Obviously most have no idea of market prices and only a tiny fraction of domains actually sell... Still a poor name will sell for big bucks sometimes. Everything is possible but the odds of winning the lottery are usually higher

 

[Biggie]

I've only been doing domaining a short time, but I did what everyone
advised me to do when I joined here and read, read, and read some more.
Basically, the more research you do hopefully the less mistakes you'll make.
(admittedly that came a little late after hand-reg'ing a few truly awful names).

Aaaanyways, I was on Sedo earlier on, and I've mostly avoided it up until
now because my initial budget is tiny, so hand-reg'ing seemed more
accessible than shelling out on auctioned names. But just for giggles I was
browsing available names and the only search criteria I put in was to
narrow names down by size of traffic and .com's only.
There are some great names there admittedly (if you have the money for
them), but overall what astonished me was the amount of absolute
twaddle that still having asking prices for around the $10k+ mark.
I'm talking hyphenated/miss-spelled/long-*** names (that's just one
particular domain by the way) that have zilch traffic and aren't developed
in any way.

Now, I'm newbie enough to know that I've got a lot to learn, and that
one's mans garbage is another's gold etc.
But I wouldn't dare think that any of the one's I've got will sell for
anywhere near $10k, and hopefully I've got 1 or 2 good ones now
that are way better than some of them on there. At least according to
estibot.com

So, after the long intro, I guess I'm asking do they have some way of
valuing domains other than appraisals, or sites like estibot that I'm not
aware of, that means I'm missing out on bigger sales figures ?. Or are
people just kidding themselves that they'll get (more than) top dollar for
names like annonce-yur-marrrage-2-da-world .com (not a real one but
not far off it either).

Just to clarify, I'm not knocking Sedo, or all the domainers who use it.
I'm just looking for a reality check that, yes, it is me that's delusional,
and I should be offering the ones I was going to let drop for thousands of
dollars "just in case". Or, are there loads of people with more dollar signs in
their eyes than sense in their head and are unrealistic in expectations ??.

Help me before I go mad.

Thanks,

Alasdair

that's good expression of what you've found, but it also tells where you've been looking and what you've read and what you believed.

for instance, take this quote:

But I wouldn't dare think that any of the one's I've got will sell for
anywhere near $10k

if you don't have confidence or faith in your domains, then you will never have the courage to ask $10k for any of them.

whether other people think they are worthless, you must have the confidence that you can sell it for that price.

but it has to be a worthy domain or you need to have a solid biz plan/idea, to feed potential buyers.

i won't comment on the tool you're using for appraisals, but if you want appraisals/values, it's best to ask someone who sells a lot of domains...someone who's been in the business for a while.


imo...

 

[domainding]

"..that's good expression of what you've found, but it also tells
where you've been looking and what you've read and what you
believed..."
I've been looking on DNF, been reading DNF, and believed the more
experienced people on DNF. (amongst others).


for instance, take this quote:
Quote:
But I wouldn't dare think that any of the one's I've got will sell for
anywhere near $10k
"...if you don't have confidence or faith in your domains, then you will
never have the courage to ask $10k for any of them..."
I appreciate the sentiment, but I'd rather be realistic. I don't see the point
in hanging on for a huge price that may never come if sensible, profitable
ones come my way. And believe me, if I get hold of a domain that is worth
$10k (IMO), then that's what I'd hold out for. I was just stating that I
know what I've got in my portfolio, and I know that without spending loads
on developing, there ain't one of them worth that much (so far).


whether other people think they are worthless, you must have the
confidence that you can sell it for that price.
I see your point, but again, confidence that may be misplaced isn't helping
me as a seller if I never gets a sale but think that thousands are just
around the corner for domains that no-one would touch.


i won't comment on the tool you're using for appraisals, but if you
want appraisals/values, it's best to ask someone who sells a lot of
domains...someone who's been in the business for a while.
Absolutely, I'm all about deferring to more experienced people, and of the
few posts I've made on DNForum, the help I've had has been fantastic.
I've also kept a keen eye on the appraisal section, and the for sale sections on here and other forums, including sales results on other sites, and whilst I realise that these aren't end-user prices, they're still indications of market conditions and what people might pay.

And in fact one of the first posts I made was in the appraisals section........no-one replied .

Thanks for your input everyone, it's all fascinating and eye-opening stuff so far.

 

[DDC_Cyn]

Often people see a domain they feel is similar selling for a lot of money so they think they have a winner. I often have people come to me with something like, pizza.com sold for a fortune so PizasinNY.net should sell just as well because there are a lot of pizza places in New York.

What worries me are the newbies who invest a ton of money into a poor domain name because someone swore to them it would make them rich.

 

[MacyT.]

The longer you do this, the more you'll get a feel for what you can sell a domain for - even if for just reseller prices.

I suggest looking at some other sale prices besides Sedo. Look at past Moniker live and silent auctions for instance. The more recent silent auctions will give you a more realistic idea of what decent names are going for.

In regards to 10K prices for crap, just think of it this way - what brought you to trying your hand at this, hmm? You couldn't ignore all the hype, right?

Well...take all the people out there who haven't bothered to learn a thing about domains and bought up names they decided were brilliant. Give them a lobotomy and stick dollar signs in their eyes...and abra cadabra - you've got lots of bad names with 10k price tags up on Sedo.:smilewinkgrin:

 

[Theo]

Stick to buying and selling on eBay then.

 

[domainding]

Stick to buying and selling on eBay then.

Short n' sweet :smilewinkgrin: