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One would think that this thread, Domain Reselling, would be loaded with posts.
Are we fooling ourselves?
quack
Are we fooling ourselves?
quack
Originally posted by hhunterjr
Not many people are selling domains right now due to the bad economy in the US and due to the fact they may have some duds.
Additionally, not every person who sells a domain and belongs to dnforum.com would post a thread in this section.
Not every person who owns domains and sells domains belongs to dnforum.com.
I think that the chance of getting a million dollar sale off a domain is like the chances of winning the PowerBall Lottery here in the states.
The chances of getting a 4, 5, or even 6 figure sale off of a good domain name will go up once the US economy picks up.
It could be that the selling prices in the future will be a nice average in between the millions that domain resellers were demanding in the late 90s and the rock bottom prices that we are seeing today.
I don't think that domain reselling is dead. I just think that we'll have to wait for the economy to pick up more.
With a good economy, you'll get new businesses forming and those new businesses will need a web presence. Also in a good economy - some existing businesses will want to buy generic domains to link to their company website (i.e. generic product domains that relate to the company's business).
Those are just my thoughts.
Those are just my thoughts.
Originally posted by hhunterjr
But I would have to disagree that 5-6 figure sales are gone forever. Maybe alot of these sales are not occuring RIGHT NOW, but I think that the chances of getting higher sales prices will go up when the economy picks up....