3 letter reseller price

[retired_member16]

I would suggest (guess) that 90% of all 3 letter .co.uk domains are sold on this very website.

Therefore, for those that hold said names and are not looking to buy any more, is there any reason why the price cannot be artifically raised to £1000 instead of the normal £500-£600 by the people on this board?

What would it take for those owners to form a cartel and raise the price in an unspoken, gentlemens agreement, type way to benefit us when we sell to resellers?

 

[Skinner]

What your suggesting puts you in the same bracket as Stephen T Jackson and Giant Games etc, who now have all the cards and can take it or leave it on whether to sell or make you bend over and take it like a little boy.

The impact would end up devastating "the cartel", and lead resellers to boycot it.

Maybe I'm missing this but to put it another way what you saying is "Alright boys, I have 20 names on sedo, how about you all bid on it and jack the price up as high as we can on that dumb ass?, and I'll jack your auctions up too" ? isnt that the same thing ?

 

[rob]

I would suggest (guess) that 90% of all 3 letter .co.uk domains are sold on this very website.

I would disagree, there have been two recent transactions which probably cover the volume for 2008 and well into 2009 together which were outside Acorn

Therefore, for those that hold said names and are not looking to buy any more, is there any reason why the price cannot be artifically raised to £1000 instead of the normal £500-£600 by the people on this board?

What would it take for those owners to form a cartel and raise the price in an unspoken, gentlemens agreement, type way to benefit us when we sell to resellers?

Since when have gentlemen frequented Acorn?!

Likewise those who have LLL's probably want more of them so it would not really work.

 

[Skinner]

80 views and 2 comments, ummmm odd expecially given the competition on LLLs.

 

[BG]

Likewise those who have LLL's probably want more of them so it would not really work.

You can never have enough LLL's

I know what Firestars is saying, and if I was a seller I'd be suggesting exactly the same thing as it would benefit both seller and buyer in the future years. I say both parties as those who buy normally try and flip at a later date...

As a buyer we all like bargains, but as a domain professional which is looking at this long term I feel we do need to set a precedent and create a value for the domains we currently own. At the moment i feel people on Acorn are devaluing the market by selling at low prices, and believe me it kills me to say this as I'm a buyer, lol, but its true guys.

I understand why domains are being sold at crazy prices on AD - This is usually down to buyers lowballing (which is normal) or the sellers desparate for monies...and in the current market I guess some people need the funds more than others so this cant be helped, but again as a buyer its great! (business is business)

I think it will take a while to increase the value of the UK domain market but threads like this will hopefully help in moving forward.

You would never see a LLL .com going for £500... so its about time we start following suit and start upping our prices and creating a value for our portfolios.

Just my thoughts....

BG
Ps - If you have any LLL's you want sell between £500 / £750 PM me

 

[GreyWing]

I know what you guys are saying but we don't need value in the names if we aren't selling them. It's not like we can secure loans or finance against names (99.99% of the time). So there is little point in artificial raising the prices.

But remember what you said aswell BG

When buying a domain I dont look at Revenues or Traffic Stats, nor any other information for that matter, I buy a domain purely because i like it. If i pay over the odds heyhoo, if i get it at bargain great... If the end result is that I'm happy with the purchase then its win win in my eyes.

BG

So not sure what would be achieved by upping prices.

 

[BG]

So not sure what would be achieved by upping prices.

I think it would help create a stronger UK Domain Market in which everyone would benefit long term

Basic Example:
If you currently have 50 average LLL .co.uk's in your portfolio, at this moment in time people seem to been valueing them at anything from £500 to £1500, and thats if you're lucky! So would'nt it make sense to set a standard and say you cant buy a LLL .co.uk for less than £1,000, this will then help sellers generate more of an income while also benefitting those domainers who managed to get LLL's early doors (portfolio value increases overnight).

Again, this is a real basic example, all I'm trying to do is show it would benefit everyone and make the market more vibrant.

BG
Ps - If you have any LLL's you want sell between £500 / £750 PM me

 

[GreyWing]

I see your point mate,

One problem then that I could see with it, is the question of "Why are people selling 3 letter domains at the moment when prices aren't high?"

The only answer to that I can think of is that they could do with some cash for other projects or needs. It's those type of people that probably wont want their hands tied by this.

The only real comprimise I can see to achieving what you say is to do offers by PM only and then not disclose the figures. Pragmatically speaking I think that may be the closest you will get to your objective.

-------

The other issue would be, if you buy the name to resell to another reseller, then chances are they will be someone from here who will know about the agreement. Plus it cost you more to buy it in the first place, so your profit margins will probably be exactly the same.

However if you wish to sell to an end user, chances are they will know nothing about this place and nothing about the amount it sold for. If they do go to all the hassle of checking out how much LLL's go for, then chances are you are speaking to someone for whom £300 - £400 isn't a figure that will stand between them and that name.

Personally I'd love to see a big increase in domain values as much as the next guy, but I think efforts in that direction should be concentrated on keeping a close eye on Nominet Land rather than here. One wrong move from them and we are all left holding a pile of chips for a casino that's just closed.

 

[Skinner]

Makes sense for people like Giant Games, STJ, Yourself, and others who own say *50* of them, which the average person doesnt. However for the buyers who own 0-2 and lookin to get 10% (5) of your casual number of 50 its not good. The 5 just lept from £2000+ in the current market to £5000+ in your market, making it unreachable for many.

The economics currently say prices are falling, expenses are rising, so upping prices now will come back to bite you on the ass, just like the housing market has.

 

[Pred]

Quite a crazy thread on a number of points.
Firstly minimum value on LLL.com are falling through the floor as they were in a bubble and a domainers collector item, of course some LLL.co.uk fall into the same bracket. I'm seeing bad but not the worst LLL.com go for $3.5k mark, roughly half of what they were going for a number of months ago. Thats on a public auction too, lots of eyeballs.
Secondly, not all LLL are equal. Some will literally 'Fly' , others will sink.
I mean who wants xzq? there may be a buyer somewhere on earth but in the .co.uk variant its highly doubtful, at least with the .com there may be an asian buyer or company in China etc that fits their acronym.

How can you artificially inflate? People will sell when they need to sell and people can only buy when they have the cash. Enduser sales will always happen and with more popular combinations you obviously stand a better chance, but with udrp and wipo cases on the rise, it's another blow to LLL imo.

Personally i think they are nice things but again when people are picking them up for regfee when they drop or lowballing people and getting lucky, everyone will have different profit margins , so for many selling one for £500 for a quick sale can make a lot of sense, also as stated if you can hold then great as this is the best policy for your best domains, but if we're talking minimum reseller values then you're dreaming if you think they're not falling. Ideally people don't have to sell, but it's no secret these are tough times, so if possible you should hang on and sell for 'your price'.
Trying to 'price fix' is dumb as prices will find their natural level.
If you price them too high they simply wont sell, and domainers (which is 95% of domain sales i would guess) will invest in other areas. Let's face it, there are enough areas and niches.

 

[namealot]

Are you saying that you have domains that you believe are not making there full potential then you have to ask yourself why? If you think they are undervalued better buy as many as you can? You would with any other share stock item etc..?

Most lll.co.uk are not really brand able and even less are generic..? they may be abbreviations etc of companies but many of those companies already have web sites etc that are better to list than the abbreviation would be. (I personally think of selling the kudos to the company individual stroke there ego) if you can buy them cheap sell them cheap small profit quick return depends on your business plan


It would be a strange business plain…. my investments are not making a good enough return people do not wish to buy them at the price I’d like to get for them I’ll artificially increase the value sell them at a premium and retire… nice but finding an investment house etc that would lend against it,( if you can I have a wonderful pyramid idea) It puzzles me because if I had an item that I believed was greatly under priced and that would make me a vast return don’t think I wouldn’t let everyone else know what it was or could it be reverse psychology

 

[newbie]

Surely the only way of increasing the value of LLL domains is if both sellers increase the amount they want to sell for and buyers increase the amount they want to pay?

I like my LLLs and will not sell any of them for less than £4k (that's how much I love them!!). It means that i've only sold two - at (surprise surprise) £4k each. Until then i'm happy to pay the £5 every two years until needs must

 

[retired_member11]

Prices will increase once basement sellers have been shaken out of the market by this depression driven process of rationalisation, with most three letter domains then being held by penthouse players who can raise the bar to more rewarding levels. It just takes time. Be patient.

 

[FC Domains]

If you are willing to hang on, an end user will always pay low £x,xxx for the three letter that is their company. (I did)
However you do have to find them and for higher value domains it is always dangerous to contact them. So you just have to wait.

I'm very happy to sell to traders in the £400 to £1000 range and let them do the marketing. As in most sales there's manufacture, wholesale and retail. Each take their cut and do their own job. Seems fair.

 

[bb99]

Surely it would be price fixing?

Summary here: Price fixing and the law | Business Link

I'm no expert on it though - I'm just a moron

 

[Skinner]

Hand Grenade No Pin Anyone ?

 

[retired_member16]

I posted my original message without giving the subject much thought and tbh I still have not had time to think it through.

However, in practice I think its possible. Those with said names just raise the bar a little, benefiting all.

 

[binny]

Surely it would be price fixing?

Summary here: Price fixing and the law | Business Link

I'm no expert on it though - I'm just a moron

Had the same thought myself when I read this thread first. Crazy thing is that its things like this people end up inside for whilst serial burglars, muggers, rapists and drug dealers walk the streets.

 

[julian]

I agree - very suscinctly put... :mrgreen:

Prices will increase once basement sellers have been shaken out of the market by this depression driven process of rationalisation, with most three letter domains then being held by penthouse players who can raise the bar to more rewarding levels. It just takes time. Be patient.

 

[BG]

As we're all individuals which have different needs, different bills to pay, different goals and mindsets. I guess it would be hard to create a standard e.g. starting price for a 3 letter £1000 - This is because someone may catch a 3 letter domain which only cost them £5.00, to then flip it in an auction the very same day for £500, who am I to say this is wrong? to me it makes perfect business sense working on such profit margins. The only thing i was trying to say was it would be nice if we could start creating more of a value for our domains, again when we mention the word "value", people obviously value things differently so we're prob fighting a losing battle and will just have to watch the market unfold.

SO THEN.... WHO'S GOING TO PM ME THERE 3 LETTER DOMAINS FOR £500 (I'M IN A BUYING MOOD)

I've even cleared my inbox for you

BG