markb

Hi All,

Just wondering if anyone else thought many domain owners (not domainers) have unrealistic values they have given their domains.

Im talking about some people who have registered their domain in the 90's and never got round to doing anything with it. I contacted a few recently with decent names and have offered them around £50K, only to be told that they have plans to develop (even though theyve owned them for 10+ years), but would sell for high xxx,xxxx or if they received an offer they couldnt refuse.

I know some UK domains have fetched good prices in the past 5 years, but I do think many people over value their own domains, which may end up with them losing out if they hold on to the domains too long.


Maybe part of the reason these people value their domains so much is probably because of the large number of domainers contacting them making them offers for their domains


Mark

rob

What is your best name and what would you take for it?

markb

I wont accept accept less than 7 figures for any of my domains. I pulled that figure out of thin air too. Yes, I do understand your point by this comment, but any domains I buy or own are purely for development purposes to get the most money out of them, not to sit on them and expect an amazing offer for a domain with no website. I do understand many people see domains as purely an investment with no plan to do anything with them. Its a bit like buying an amazing £20 Million painting and then storing it under the floorboards, rather than displaying it on your wall.

doodlebug

There's a lot of dreamers out there, I price my domains at reasonable end user prices and if someone buys one nice but I wouldn't try to get them to pay ridiculous prices.

As for holding onto them for too long, some examples, a domain investment group have owned cdplayer.co.uk and cdplayers.co.uk for years but wanted silly money and who's going to buy them now ? probably no one unless at a cheap price.

Another was 2009.org.uk, don't know how much the owner was asking but it never got sold.

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markb

I suppose domains relating to technology like cdplayers, laptops, desktops etc.. can have a short shelve life if they are eventually replaced by newer technology. Its probably best to own generic domain names that wont go out of popularity.

I think what im getting at, is, if you look at the top sales for uk domain names below, you will notice there are only a few which sold for £100,000 or more and they where mainly sold in 2009 or before. Yet everyone with a premium domain thinks they are worth mid 6 figures and that the value is only going to increase.

www.domainprices.co.uk

accelerator

As you've said, some hold domains as investments, and they may not want to sell a domain at a given point. What could be a realistic price to one domainer, won't be realistic to another. I'd try not to let it get to you. As you say, particularly with the technology names, there can be real risks with holding the domain too long if the tech scenario changes.

Rgds

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Sean

In my experience, unrealistic prices are fuelled by three things. The previous sale of a domain/s for an unrealistic price which leads to the belief that every domain is worth five figures minimum and often helped by reason two which is financial success giving the registrant the luxury of holding out for the figure they believe the domain to be worth and finally in the case of many domainers, it's fuelled by obsessive addiction.

mark

A few people think "markb" is me - just to clarify it isn't, I'm the user "mark"

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markb

Yes I think your right there, also because a domain name is a unique/rare asset, i.e. every domain is different, people think they can ask a high price which reflects this. Its hard to put a value on a domain, as it is unique. Unlike a prestige car where thousands are made, and the prices they sell for are similar.


Which people? Nobody has contacted me. Are you getting pm's or emails ?

mark

People who know me assumed it was me - enough people assumed that for me to make a comment here to confirm I'm not you, and you're not me

What does the "B" stand for out of interest, as your surname doesn't begin with a B?

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