DL Sale: il.co.uk (1,450 GBP)

[Acorn Newsbot]

Domain Name Sold at Domain Lore:
Sold price: £1450, Ended on: 2013-05-20 15:30:00

click for details...

 

[retired_member32]

another ll.co.uk fell flat on its arse

 

[foz]

A loss too (released at £2,300?).

I put £100K into them and regret doing so. Oh well, live and learn. One day they might sell

 

[lee]

Was always likely to happen in my opinion, I set aside £1000 for my initials and see that its still not sold or being used in a meaningfull way. I would only pay £500 for them now.

 

[martin-s]

I put £100K into them and regret doing so. Oh well, live and learn. One day they might sell

Foz, if you fancy shifting bd.co.uk at a similar price, my brother's business would probably be keen

 

[Alien]

A loss too (released at £2,300?).

I put £100K into them and regret doing so. Oh well, live and learn. One day they might sell

Bloody hell, that's a lot of money...

 

[grantw]

Was always likely to happen in my opinion

Yep, didn't help that someone with more money than sense pushed the price up on virtually every domain at auction, forcing everyone to pay over the odds!

Including the VAT this went for about 50% of what I paid for it :-|

Grant

 

[namealot]

Yep, didn't help that someone with more money than sense pushed the price up on virtually every domain at auction, forcing everyone to pay over the odds!

Including the VAT this went for about 50% of what I paid for it :-|

Grant

I’ve found any auction “The more money than sence pushing up prices” means to win you have to pay more than them ? Makes you wonder which one is the fool? . As my partner would say "its only a loss when you try and realize the asset" till then its profit all the way....

 

[grantw]

Makes you wonder which one is the fool?

Agree in a way, at the time though there was no benchmark for the value of them and you had the compulsion of wanting to be in on it!

Not my best domain investment to date. Glad I only bought one!

Grant

 

[woopwoop]

I still have one and although I might in the very near future sell for a slight loss, I wouldn't consider that a bad investment decision. We paid because of the opportunity (the opportunity to build a site or to flip or whatever).

Sometimes that pays out to big returns so even if there's a small loss, we paid for the opportunity for a big return. That's business.

Last week I received an escrow cheque (don't you love it when the deal is realized and the escrow check arrives) for 4k on a name that I hand registered a year earlier (£5).... I didn't know that it would turn into 4k, but I thought maybe high xxx... that's business. Taking a chance sometimes when others don't.

In isolation, buying an LL and selling at a slight loss, or weathering the storm and holding out for a return might seem like a bad decision, but depending on the numbers, if it's part of an overall strategy that nets a profit then I think it's not a mistake... (at least that's how I cry myself to sleep at night... lol )

 

[martin-s]

It's all about the buyer isn't it. I was brokering a 2 letter name and had one big firm tempted at £20k+ - didn't go through unfortunately, but I still think they'll come back for it at some point.

 

[Jamie101]

I still have one and although I might in the very near future sell for a slight loss, I wouldn't consider that a bad investment decision. We paid because of the opportunity (the opportunity to build a site or to flip or whatever).

Sometimes that pays out to big returns so even if there's a small loss, we paid for the opportunity for a big return. That's business.

Last week I received an escrow cheque (don't you love it when the deal is realized and the escrow check arrives) for 4k on a name that I hand registered a year earlier (£5).... I didn't know that it would turn into 4k, but I thought maybe high xxx... that's business. Taking a chance sometimes when others don't.

In isolation, buying an LL and selling at a slight loss, or weathering the storm and holding out for a return might seem like a bad decision, but depending on the numbers, if it's part of an overall strategy that nets a profit then I think it's not a mistake... (at least that's how I cry myself to sleep at night... lol )

Very wise words there. It's all about risk vs reward really. Mightn't always work out but the one that does (like your £4k FTR domain) usually covers the losses.

 

[Murray]

I hand registered a year earlier (£5).... I didn't know that it would turn into 4k,

I pretty much agree with what you said but that was a poor example because the £5 risk was negligible

 

[ABCV]

Foz, if you fancy shifting bd.co.uk at a similar price, my brother's business would probably be keen

You've always got the alternative, b-d.co.uk

 

[woopwoop]

I pretty much agree with what you said but that was a poor example because the £5 risk was negligible

You're right. But personally, I'm trying to cut down on the carrying costs of all those £5. Individually £5 is small, but collectively, depending on how many, some people would say it's bad business, it all depends on the net gain/loss... to say whether or not the strategy is a winning one.

I was just thinking about it a little more, and if someone put 2k into an LL, I think that holding it for a year and making a £500 loss isn't the worst thing, because there was a reasonable chance that it could have sold for double or much more (obviously different people gauge that likelihood differently) so gaining the opportunity of making the return is something worth paying for (and probably worth £500 depending on the other numbers and how you estimate the risk/reward).

Generally I find that I'm always risk averse but I've made the most money while being the opposite and never really lost much! (touch wood)

 

[foz]

Considering what a LL .com would command (if available at all), I don't think LL .co.uk at the release were overpriced. I almost closed a deal on one at £50K but it seem to fizzle out in the end. My preference is still to buy at £5 and sell for £1,000 over buy at £5,000 and sell for £15,000. The later is less ROI and higher risk.

 

[jasman]

Obviously LL prices are going to be lower at the moment because the bottom has dropped out of the domain market in general and hundreds of 1- and 2-letter domains were dumped into the market in one go, effectively creating an abnormally high supply of an ultra-rare commodity. This was temporarily offset by initial strong demand from domainers but that demand is no longer there hence the price falls we've seen since the auctions. It will take time for the demand to catch up as the limited number of end users who are interested in a given 2-letter combination pop up from time to time. But over time, the supply will constrict further and further as more and more 2-letter combinations get transferred from domainers to end users and become effectively 'not for sale', at which point the the opportunity to get hold of an 2-letter will become a rare event and prices will reflect their exclusivity.

At the moment the low prices are a great opportunity for buyers so if you can pick one up nice and cheap and are willing to sit on it for a while, go for it. The fact of the matter is that 2 letter domains are still and always have been ultra-exclusive. There are only 676 combinations, and other than obscure combinations with letters like x or z, for most of the combinations there would be hundreds or thousands of companies whose initials match a given combination. And 10,000s of people. But only one can get it. Sure, most of them probably wouldn't be interested in paying up to acquire their 2-letter domain and I expect many don't even know it's possible to get a 2-letter domain or just haven't thought about it. But with so many companies per combination there's a very good chance that a proportion of them would be interested if they were made aware of the opportunity or that they'll get in touch at some point if you make it easy for them.

 

[Skinner]

I think should .uk come through LL.UK will be used alot for twitter an url shorteners so I would think its one of the few plus which may come of .uk.


edit: assuming .uk is offered to .co.uk owners.

 

[namealot]

Some might say lucky to get that price... firms can abbreviate etc you need to find those that want too, that don’t already have a very suitable apt relevant domain name , that can afford to, and the Linguistic of the abbreviation also work those limitations often mean there non starters especially so in the small uk pond?