Lyrics.co.uk

[wwwdomain.name]

Least we know if these guys want a name of yours 'DON'T SELL'...

It's worth loads more and their IS a buyer ready, waitng in the wings...

 

[rob]

Least we know if these guys want a name of yours 'DON'T SELL'...

It's worth loads more and their IS a buyer ready, waitng in the wings...

Again I dont think this was the case, I believe the name was bought to develop.

I dont think anyone should be banging zeros on the end of asking prices etc, it was a 'one off' sale in many respects and although good for .uk, it does just highlight what was previously known, ie. specific names with decent traffic are worth having.

 

[wwwdomain.name]

Appreciate your point...

Find it a strange coincidence though... a name of mine that 'certain parties' are interested in just got a new offer out of the blue, the latest email was quadrupling their original offer... so, I'm a little bemused and now in the position of having to throw it into an 'open auction' to proect what I feel are my interests...

 

[paymatters]

What about the final buyer? Why didn't he buy off ratboy direct and save a load of dough?

 

[rob]

What about the final buyer? Why didn't he buy off ratboy direct and save a load of dough?

the same reason they didnt register it when it was free to register for a fiver from nominet...

 

[ratboy]

As most people know I fluked the catch of lyrics. Not sure how it happened at all. It was registered with 1and1 who I now know to take about 1 hour to reg a domain. To me the price paid was very very fair, and helped me to get on the property ladder which is why I sold.

Andy and Jarrod know the market very well and were very good to deal with. The traffic is as reported, and was a baffling sight the first day I had it. In fact the deal was brokered by Andy directly and not through this forum.

Just to clear up the chitter chatter.

 

[paymatters]

the same reason they didnt register it when it was free to register for a fiver from nominet...

Catching a domain and buying a registered domain are completely different?

On a different note.....

Well Done Ratboy don't let all this ruin your enjoyment of an excellent investment. Very few people have a success like yours. It is like buying a winning scratchcard!

 

[paymatters]

Actually it's more like deal or no deal (with Noel Edmonds). We all know there is a chance you'll get more cash than the deal offered but when a substantial amount of cash is offered only a rich man can afford to gamble!

 

[accelerator]

Ratboy may have only had offers from a local market of board members whilst Andy and co. obviously have / made contacts further afield with deeper pockets.

I think it's fair to say that if you are selling to someone else on this board, you are only going to get a "trade" price, because you are selling to a "trader". Finding the final buyer takes legwork, and some may prefer the convenience and quick turnover of a board sale. However, it's always worth bearing in mind that this is unlikely to be the maximum potential value of the domain.

Another thing you are unlikely to get on this board is a true valuation of a domain name, because if a trader is interested, they aren't going to offer you true worth are they.

Having said this Ratboy, I think you should be chuffed with your sale anyway. You've made a good profit that can be added to your "war chest".

All the best

Accelerator

 

[rob]

Catching a domain and buying a registered domain are completely different?

Agreed, however its the same point Why buy from ratboy / trend when they could have had it for a fiver from Nominet

Thats the answer to the question "What about the final buyer? Why didn't he buy off ratboy direct and save a load of dough?" ... because he didnt know

 

[accelerator]

Know the feeling, hard enough for me to get out of bed in the afternoon.. let alone fill out a transfer form

It can be expensive to get caught napping!

 

[paymatters]

Agreed, however its the same point Why buy from ratboy / trend when they could have had it for a fiver from Nominet

Thats the answer to the question "What about the final buyer? Why didn't he buy off ratboy direct and save a load of dough?" ... because he didnt know

Fair point. It shows there are alot more potential buyers out there. But the key is finding them. I only ever look at sedo or type the domain into the address bar and see if it comes up for sale. Maybe looking abroad is the key?

When there is no website I have tried emailling admin contact before but never had any success with this.

 

[Jarrod]

Appreciate your point...

Find it a strange coincidence though... a name of mine that 'certain parties' are interested in just got a new offer out of the blue, the latest email was quadrupling their original offer... so, I'm a little bemused and now in the position of having to throw it into an 'open auction' to proect what I feel are my interests...

Sorry but I won´t be dealing with you again. A deal was agreed and now you are pulling out, not a good way to go about business in my eyes. YOU listed the domain for sale here, I didn´t approach you - so what exactly is there to be bemused about?!

If you want to be successful at this game you need to take calculated risks. I don´t have a buyer lined up for every domain that I buy - in fact I would say that less than 2% are purchased with an instant sale lined up.

Apologies for going a little off topic here but I wanted to set this straight.

Back to lyrics.co.uk...

 

[domaingenius]

I obviously wont say the name but recently I went to register a .com domain that was the exact name of a planned "very large" new company and found it registered .Approached the owner expecting a massive "no" or no reply at all, instead was offered the name for few hundred dollars,which I grabbed with both hands. He obviosuly didnt know about the planned new company. As they say "information is power" and if you know you can find a buyer then its wortwhile I guess. Ive never sold on sedo at all, only direct sales from approaches or from approaching possible buyers,

DG

 

[wwwdomain.name]

Jarrod

Plenty on here can vouch my sincerity.

I don't run a RESERVE while you find a buyer service...

 

[aqls]

I've dealt with wwwd and had no problems - at all, infact quite the opposite, he's been very helpful, quick and efficient.

I vouch positive.

-aqls-

 

[wwwdomain.name]

Aqls...

I had a called Andy at TAGNAMES 'reserve' 3 names of mine with a promise to pay... Subsequent emails promised to sort payment and I was left in the lurch... 3 months now!!!

Similarly, I began to get enquiries from other parties about those exact names 'out of the blue' but, fool me, was left high and dry...

No doubt this one will go the same way... THAT'S why I'm bemused somewhat...

Thanks for posting your support.

 

[aqls]

pleasure.

sounds worse than sodos timescales

-aqls-

 

[trendmedia]

--------------------------------------------------

Jarrod
Plenty on here can vouch my sincerity.
I don't run a RESERVE while you find a buyer service...

Is it just me or are we now decending into ridiculous comment?

wwwdomain.name: Im sure that some here can vouch for your sincerity. I personally can´t because I don´t know you. But (with your last 2 posts) you have just given me an opinion of you that i won´t forget in a hurry.
Firstly, I personally own 4000+ domains. I develop them and market them in the same way we brokered lyrics.co.uk, (lyrics.co.uk was actually purchased with development in mind and this had already started.)
Secondly brokering and selling names is a profession all to itself. You can do it yourself or pay someone commision to do it for you. Its personal choice.
Im sure you can find your own buyers. No one is suggesting any different are they?

Protect your interests by thinking before you type.
--------------------------------------------------

Moving onto a different subject. Just to clear anything up.

I approached ratboy privately and purchased the domain from him. He has my personal recommendation and was very professional carrying out the transaction.
The domain was purchased for joint development.
We brokered the sale and the domain was purchased privately by shaun and his business partner. Shaun also has my personal recommendation.

Hype sale? - As Rob quite rightly pointed out.. This domain was sold in line (if not below) with current revenue multiples.. Memorable generics will always be sold at high prices. The .co.uk market is still full of opportunities and is a better one to be in at this point in time. We are now seeing more (public) high value sales, which can only be good for the industry.

Andrew

 

[retired_member6]

Least we know if these guys want a name of yours 'DON'T SELL'...

It's worth loads more and their IS a buyer ready, waitng in the wings...

I don't think that's fair. In any game you have middle men, middle men who know their market and will act in their own best interests. If the middle man sees a bargain, he's going to buy the domain and then sell it on, if he hasn't already before he bought - to the known party.

Where it becomes unscrupulous is if the person at the bottom end isn't really happy with the sale and the middle man should always ensure he is otherwise they risk upsetting everyone. Now from what I see, to the best of their knowledge Ratboy was happy and content and wanted a quick sale. Job done.

If that had happened to me, then yeah I probably would have been gutted but understood that that was the nature of the game. I'm sure it's happened to all of us, John Smith comes along and bids £500 for a good domain and you're thinking - he's having a laugh.

But if that person had bid £6000 you'd have possibly took it, even though interest may only get higher, christ some domains have been in one person's possession for 12+ years, it all comes down to how long you wish to wait and how good your staying power is. Someone came in at £1500 for one of my domains the other week and I said no, I said no? Whhaa whhaa

Whether you price your domains before a sale or during, you always realise that you're either going to come out good, the buyer is or both get a reasonable deal.

And there's no point waiting for the top end to come in and pick up your domain instead of the interested middle man, unless it's a rival top bod, the chances are the realtionship is so understood that if that party wants your domain they'll probably only ever go through the middle man for that domain, unless the top end start to get evil.

Don't get me wrong, 6k when weighed up to £45k it's a bit hard to take and I'm an outsider looking at the deal, ouch, I'd rather if I was at the lower end, the middle man come in and said 20% and we'll sell it on tomorrow.

That's how another type of middle man works and the one we'd all prefer I'm sure but then Mr honest middle man could get dipped by the bottom end as he now knows there's someone out there who will pay 20% plus a securing fee on top to the middle man. Hmmm...