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Can't argue with that, but could that £10 have been £100 within the year?
When I say different, there seems to be more and more members catching/registering domains one minute then dumping them on here the next like hot potatoes - usually for peanuts. D
Maybe it's the could'a should'a would'a syndrome. In business terms, you'd be hard pushed to return a profit like that over a year.Can't argue with that, but could that £10 have been £100 within the year?
Look to org.uk single keywords. A whole new market for flips or keepersAgreed, but you have to find an awful lot of domains to make it worth your while if your just making £4 on each flip.
No.......... meYou looking at me?
Edwin
Whilst I agree 100% with what you are saying, you are also guilty of posting large lists of names with for example :
1 @ £2500
5 @ £2000
10 @ £1750
20 @ £1500 (best price)
etc..
So are you saying that these are the same sorts of price that you also use with end users OR are you lowering the prices to raise capital for other areas, at that moment in time ?
You don't have to answer, but just curious really
In reallity I don't think this happens with quality domains so much as mediocre names which are not a great hold but might see a profit on a swift sale, especially if others have been stalking the name prior to it dropping. Drops are often fools gold. But, register a name today for £5 sell tomorrow for £40, makes good business sense for a beginner.
Similar to end-user prices, I'd say (starting price, anyway). My pricelist is public, just download it from my site and take a look... End-users nearly always just buy the one domain, so discounts wouldn't come into the picture in that case anyway.
Supply on AD is way above demand, so the only thing that can happen on here is for the AD market to fall on it's arse. However, outwith these "four walls", web development is still going on and new sites are coming on-line every day, so you need to look outwards for the real value in domains and not rely on the reseller market.
Rich posted a list of good quality .org.uk names fixed at £1k each last weekend and sold more than 10 in under 2 hours - that means there was people willing to spend £10k in the blink of an eye - ON THE CORRECT NAMES which are actually worth the money.
That means that supply IS way above demand.
If people post 10,000 names between them, and 50 sell, then there was an oversupply of 9,950 names. Of course, having a reason for them not selling takes nothing away from the fact that they represent an excess of supply vs demand.
Well thats just stating a fact of life in any market place - in every industry supply far outweighs demand*, so domains are no different.
*Apart from iPhone 4
Actually, what he did was the same as the people dumping pretty decent names at 50 pounds or so, only he did it with much better names at a higher price point. Any time you sell 10 of a limited (unique, actually) commodity that normally takes weeks/months/years to sell in the space of a few hours, it's down to present value of money. In other words, leaving a ton of cash on the table in exchange for money in your pocket now.
The fact that he sold 10 so quickly shows what ridiculously high discounts he was offering to "true" value - people don't spend £1k on a whim, after all...
Probably 9 out of 10 (or 19 out of 20) domains "bought to resell" will NEVER sell. Literally never ever, no matter if they're renewed for a thousand years. Because their value will always be lower than regfee.
Which was exactly what I was referring to earlier in this post, with regards to you adopting the same practises yourself from time to time, just on a higher scale again.