BuyDomains - Where's the logic?

[NameYourself]

I asked for a quote on a domain a few weeks ago and was given the price of 4,200. I then told them it was slightly too high. They called again offering it to me at that same price a couple weeks later, to which I passed. Now it is listed for over $100,000. Anyone else enjoy seeing pricing increases of 25,000.00% on a quoted name in just two weeks? Lol, it makes so little sense it's almost amusing.

[RatherGood]

I've only seen them double the price when someone shows interest. Never any more than that.

[dmyre]

The same thing has happened to me on several occasions, but never to that extreme. I've seen some jump from 2,200 to 14,000. I'm just keeping an eye on one in particular, hoping the price will come back down...

[JMJ]

Try the name at tdnam.com sedo.com etc. They have BINs at these places and I highly doubt they change the price everywhere. I found this to be a revealing tale of how much they're not selling PrivateEquity.net $2,100 BuyDomains on DNJ this week. You would think with half a million domains they could have pulled off a bigger sale than that to report.

[NameYourself]

Originally Posted by NameMogul.com

Try the name at tdnam.com sedo.com etc. They have BINs at these places and I highly doubt they change the price everywhere. I found this to be a reveling tell of how much they're not selling PrivateEquity.net $2,100 BuyDomains on DNJ this week. You would think with half a million domains they could have pulled off a bigger sale than that to report.

Good suggestion. I checked and they're all updated too. Yes I did choose to pass at 4200, but she knew I was still interested, and while a little bit of an increase would be understandable in two weeks time 4200 to over $100,000 is just out of line, and is certainly not a way to go about keeping their repeat customers, as I have already told them.

P.S. - It was a traffic name, and I'd expect all traffic names to be withdrawn from sale completely or priced so high no one will ever buy them, given that YesDirect just acquired GoldKey and can probably leverage even higher revenue shares.

[JMJ]

I made them an offer for a client on a name a couple of weeks ago. The name is nothing at all special. Three words and most of us probably wouldn't even give it a second glance at regfee but my client was interested in it for a social event. Asking was $1100ish I asked for $850 so I could make a few bones on the deal and it's now $1400. Needless to say my client didn't want to pay the first price so the second higher price is a no go. May it rest in peace at BD.

[cursal]

That doesn't sound like logic, but rather greed. They had a set price in mind and then jacked it up after some initial intrest is shown...that just sounds like a child playing a game.

Well, I call that staunch capitalism.
Not very good business practice, but they own it, they can keep it.

[clasione]

I bought a name from them a week or so ago.... They seemed very cool to me... The name was advertised for $2,100 and they sold it to me for $1,500 so they went down in price......

[dotNetKing]

[QUOTE=NameYourself]Anyone else enjoy seeing pricing increases of 25,000.00% on a quoted name in just two weeks?QUOTE]

I calculate $4,000 to 100,000 as a 25-fold increase.

25*100%= 2,500% not 25,000.00%.

Still incredibly high though.

They pretty much doubled the price of a name I'm interested in, but my maximum budget is around a third of the original price, so they will lose out business there.

I'm sure they are making something on traffic for the name I'm interested in and maybe this is why they are asking more now.

[JMJ]

They worked with me on one deal and I thought mabey things were changing for the better since they were bought out but I never even got a response to my offer just a raise in price.

[NameYourself]

Things haven't changed for the better if you are in the market for names that monetize. My rep there told me that the board met and raised the prices SIGNIFICANTLY on about 7,000 names which monetize well and receive natural type-in traffic. This probably has to do with the GoldKey deal and higher payouts. Point being, if you are looking for ppc names, BuyDomains will not have any deals that are even close to fair anymore. They're pretty much keeping them for the residual revenue.

[458domains]

That doesn't sound like logic, but rather greed. They had a set price in mind and then jacked it up after some initial intrest is shown...that just sounds like a child playing a game.

I agree with cursal. Many brokerages like BuyDomains.com seriously lowball domain sellers, then play games with buyers.

I encourage every DNF member to submit their strongest .com domains to BuyDomains.com - enjoy their $50-75 offers. I have serious problems with the integrity of these brokers. It's one thing to make a profit, an entirely differently thing to assume every domain seller is a crack-head.

[NURCA]

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[StockDoctor]

Originally Posted by NURCA

Boy, by all means, DONT SHOW INTEREST in any name. Just buy it outright. I had a bunch go from $1500 to $3300.

Good advice, but sometimes trying to buy outright doesn't even work. I put in to buy a (no traffic) name from them that was advertised on their $688 "specials" they had at the time. They even accepted my purchase, but when it came time to complete the deal they decided they needed to "reappraise" it. They then more than doubled the name to $1600. I told them they had already ok'd the deal and they gave no response. I got ticked and told them to forget it. Time marches on and they contact me asking if I'm still interested because they are willing to deal. I remind them that we already "had" a deal, and they tell me they'll check with the powers that be on what they can do for me. What they could do for me was to raise the price to $10k plus. Lol Fagedaboudit!

[NURCA]

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[domainah]

its usually not a good idea to get an offer quoted for a buydomains domain, since they see it as a demand for that particular domain and raise the price next time they get an inquiry.
So if you are actually really interested, buy it, but dont hope for the price to go down, buydomains is not your regular domain owner.
If you see a price there is some room for negotiation but not a lot. If you dont end up buying it you can be almost sure the price is going to be higher next time someone is asking for it.

[buysellfast]

its possible they could be front running the sellers and try to make from the spread. this is my best guess. if a deal goes thru, then well and good, if it doesnt and the seller keeps on checking, they may lower the price. i have a few experiences like that for a few names on sedo.