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Old 10-07-2009, 10:33:59 PM     #1 (permalink)
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Domainers have run out of money - fact

I'm trying to think where else to sell domains after catching on a basis where domains are actually quite good for resale in a good climate, are catchy, have worth, domains are no longer being flipped at an an adequate or cost worthy price on here, it's ridiculous that some names aren't even selling when I know they're good enough to and would have done in the past.

The recession is now affecting domainers, it may well be just the summer fix but you can't escape the situation on here the last two months, blowing my own trumpet but the names are of good enough quality, some of mine are the top ten catches of the day, soon I'll be in a position not to care for a few months so by autumn winter I suspect money will come back a bit but until then where to sell?

Sedos a waste of space, always has been, they don't change their auction model to fit requirements, theirs and our loss, I'm still contacting end users, not enough mind, however therein lies the problem that domains I catch aren't always end user specific but have an end user use, if you get my drift, how anyone can imagine some of these recent catches not selling on here two years ago well it beggars belief. Although I'll admit, lisst haven't exactly been full of quality drops lately, not list makers fault, just a dry period of good name dropping so to speak, there hasn't been many to go after.

I'll be going after more direct business next week as I have been recently anyway, it's the only way as business is dead on here, can no longer make a real deal anymore. Would love to know what happened, summer, recession, holidays, combination but the life blood has disappated, some of my best clients over the years gave up several months ago buying new stock from others, still occasionally from me but rare.

A sound decision if money not coming in from the other end but if you break the chain, then it's going to take a while to restart and the industry will suffer, the amount of domains being caught by domainers is down around 60% on a daily basis also. Speculative purchases need to be more than just speculative right now, as even good names don't resell quick enough on acorn or at an adequate price to justify speculative purchasing even on a small scale, maybe just my operation but that's how I see it.

Domainers have mostly closed up shop or are waiting for you to sell for a quid. Also it's not only domainers, it's affiliates and merchants too as they were bread and butter buyers and my names haven't changed in style or concept, I still get the same names that would do the job that others have done previously.
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Old 10-07-2009, 11:56:17 PM     #2 (permalink)

 
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Lee,

I am an engineer and I can tell you why you can not sell a name in one sentence.

Reseller jerk cycle! A reseller is trying to sell a name to another reseller. Get the clue?

TurNIC
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Old 11-07-2009, 12:10:11 AM     #3 (permalink)

 
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It looks as though domain selling has hit tough times. Have you had any thoughts about diversifying into another type of online business?

Rgds
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Old 11-07-2009, 12:15:05 AM     #4 (permalink)
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Lee,

I am an engineer and I can tell you why you can not sell a name in one sentence.

Reseller jerk cycle! A reseller is trying to sell a name to another reseller. Get the clue?

TurNIC
There's just as many reseller jerks as there were before, so I'm guessing it's something else. But if you're hinting in hard times to cut out the middle man i.e. acorn then yes it's savvy to do that, always was, however before, all the reseller jerks had money to buy domains caught or regged by others to hold and resell for more themselves.
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Old 11-07-2009, 12:17:19 AM     #5 (permalink)
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Quote:
Originally Posted by accelerator View Post
It looks as though domain selling has hit tough times. Have you had any thoughts about diversifying into another type of online business?

Rgds
Yes doing what I did last time there was a hiccup like this, the deleting period, and just going out for six months. I've worked more these last two months then I have ever come close to doing so in a year or two, I don't like work. It's unfortunate the reason I'm working is I spent what I earned when I did, however, will be nice to exchange contract and relax a little.
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Old 11-07-2009, 12:25:51 AM     #6 (permalink)
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accelerator, I'm not bemoaning my income, just domainers and their lack of spend, there's clearly a lack of business at the other end of their line of work. I have more clients now then I have ever done and still have four deals on the table to complete next week, just a shame it's taken a month to understand their requirements and I'll find more clients next week. Finding them is easy, knowing they want my services is also comforting, finding what they need there and then more difficult. What's dropping the last two weeks and the three weeks suspension of most drops has had an enormous effect, I'm hoping nicer names are dropping soon so we can all get back on track, I'm adamant that most of the ones I've gone for have been in the top ten, of my choice anyway, we probably differ on spots four to ten.
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Old 11-07-2009, 12:34:02 AM     #7 (permalink)

 
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Maybe targetting the PPC spenders with domains might work, sell it to them as a way to save on PPC costs by the domain ranking better naturally.

Rgds
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Old 11-07-2009, 12:38:30 AM     #8 (permalink)

 
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Also, do any other markets offer better opportunities? What's happening in India for instance? I haven't looked at foreign markets but maybe there are opportunities.

Rgds
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Old 11-07-2009, 12:54:22 AM     #9 (permalink)
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Quote:
Originally Posted by accelerator View Post
Maybe targetting the PPC spenders with domains might work, sell it to them as a way to save on PPC costs by the domain ranking better naturally.

Rgds
I target them all, however I dont usually put a sales pitch in or explanation, maybe I should start. Had a few seo companies approach me, but in a reverse direction and them wanting me to add on seo services to the domains I sold.
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Old 11-07-2009, 01:45:57 AM     #10 (permalink)

 
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I think part of it comes down to psychology.

I book a name at a catcher, which misses the name. Somebody comes on here offering the name for say 30 pounds (the same amount as the catcher).

But here's where the psychology kicks in: I might have 100 more domains still booked at catchers for the next few weeks (and 100s, 1,000s or even more domains already in my portfolio) so my level of interest in THAT domain is limited to "if it drops and I get it, it's nice to have". Suddenly having to transact a sale with somebody - even if it's nominally at the same price - is a LOT more work and requires a LOT more interest in the name. The catch is 100% passive, but a sale? Well, I have to work out how to transfer the money (and the name) and worry that the seller will take care of their side of the bargain. Then there's the info for the invoice, etc. etc.

And if that name's on an auction site (e.g. DomainLore) it's even worse, because then you've got the fear of losing the name (you bid but get outbid) all over again (you had that fear once already when the name was dropping) and/or the fear of paying "too much" precisely because you don't want to feel that you're going to lose the name.

Contrast that to the hands-off, zero seconds of work required when you successfully catch a name and it's not that surprising that SOME names that are caught don't sell for catch-level prices or a little bit higher.

If we knew with a cast-iron certainty that the drops would end next month, I think the situation would be different as people would be stocking up, but they're ongoing (for now anyway) and the supply of "if it drops and I get it, it's nice to have" quality names is seemingly limitless.
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Last edited by Edwin; 11-07-2009 at 01:48:15 AM.
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