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Old January 31, 2021, 11:17 PM
Dien Rice Dien Rice is online now
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Join Date: Aug 2006
Posts: 3,358
Default Great observations, Nicoleanne! I agree with all you've said...

Hi Nicoleanne,

Thank you for your valuable and important post!

Quote:
Originally Posted by nicoleanne View Post
Just a couple of notes to add. Valuable match domains (ie: snowtyres.com or electricbikes) and one word domains are long gone and not available anymore and have been all registered probably since 2000-2005. Decent quality domains are usually only available throu auctions and are bought on the 3-4 figures range.
It's true that most professionals in this area (in my observation) buy their domains at auctions... They'll pay 3-4 figures, but sell for many multiples of what they pay... It's actually possible to sell for 100x what you pay (in some cases)...

Quote:
Regarding brandables, there are lots of smaller sites or marketplaces that might be worth to take a look as they are not as crowded as big ones like Squadhelp or Brandbucket: Namerific.com, Nameics.com, or Brandroot.com to name a few.

Also, as far as I know, it's not easy to be profitable. I've read several times the average sale ratio is 1%-1.5%, and that's for people who know what they are doing. Not a big expert, though.

Just my two cents.
I think you're on the money!

It's true that many only sell a fraction of what they buy... But (if it's a valuable domain name), they'll hold on to it and pay the yearly fee (of ~$10 or so per domain name)... Sometimes for years, until it sells...

Most play a "waiting game" and wait for the right buyer to find them...

Other's use "outbound marketing" and email people who might be interested in buying the domain name from them... (They usually sell it for less using this method, but by making more sales, they get more turnover and can make steady cash...)

Others hang on to some of their domain names, and develop them into businesses... (I will probably do that with some of my domain names!)

I've made a few thousand dollars in sales since I wrote my first post on this many months ago... But I probably spent a similar amount! (However, I have a lot more domain names to show for it...)

Best wishes!

Dien
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