Appreciate all the bidders and replied yesterday to everyone who was the highest bidder with the BIN price or to accept their offer.
While I'm no where near my target, it was an experience. So far I've raised about £1k and obviously have most of the best names left.
I think that if anyone is looking to do this in future, the whole thing should be automated (as long as there is a way to verify people and hold them accountable for paying up). If I had time (and a more skill!) I'd build it...
Google Sheets, got the job done. Love the =sum() and =counta() functions !
Good luck with that. Perhaps you would consider publishing the list of BINs once you've had firm rejections from the top bidders? That way, you may attract other buyers...
I thought about it Edwin, but I think that I'm happy keeping the best names and maybe doing some dev work (or reaching out to end users in future).
If anyone wants to make a new offer then they can definitely go for it - there are names on the list that I'd let go for £20 and others for £7500!
Given the offers I've received on some of the best names, selling those individually for anywhere what was offered isn't worth my while. As Frank mentioned in his auction, selling quantity at lower prices helps get a collective price that is high enough for the seller while still giving domainers the chance of a bargain - while there were 71 total bids, that was only on 34 out of the almost 300 domains - so the quantity of sales needed to subsidize the better domains was never there.
Keep in mind I don't want to keep the list up for a long time if I'll be approaching end users.
A couple of things that are useful for anyone who is thinking about repeating this:
- The process pushes you to come up with a figure that you'd sell up for. It helps expose the crap plus helps you reflect on the purchases you've made.
- Afterwards you have a clear idea of how much you have in the account - the immediately liquidation value (mine seems to be ~£6k
- Keep in mind that the ILV (Immediate Liquidation Value) isn't close to the value of the names to endusers
- I think the few names that I did sell were at prices that were a win-win (the buyer was left with some meat on the bone for future profits and I made some money from some domains that I had no plans for)
- Sometimes a domainer will bid close to what you consider an end user price is, but most of the time they wont
Hi Matt
My offers have now expired good luck with your selling
Sean - you're too funny! as you know I didn't accept your offer and PM'ed you to let you know yesterday.