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Reply With Quote5 6 figure sales on DNJournal this week and that's a slump?
Well, the two LL.coms sold at a fraction at what they should have...
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Register Today on DNForum IT'S FREE!So we're in a slump right now, which is just what the buyers want, they want you to lower your prices and sell out for cheap. Stick through it guys, every market has its up and its downs. The speculators are driving the market down...and it seems that alot of the "big guys" have become speculators lately, dont let them scare you. Budget your cash and hang on for the ride.
5 6 figure sales on DNJournal this week and that's a slump?
Well, the two LL.coms sold at a fraction at what they should have...
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I did not notice the slump
Last edited by sdsinc; 06-12-2008 at 10:41 AM. Reason: not
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Agree Rock.
The economy itself is in trouble, financial & housing sectors are badly bruised and taking the consumer with them. This effects cash flow for everyone including online real estate investors <--has a nice ring to it eh?.
Rockefeller is right on here....There is no doubt a slump....and the vultures are trying to feed.
The economic slowdown's shadow is in fact hanging over the domain business like a severe rain cloud, but the lower end of the market with domain sales in the four-figure range is still going very strong, if not better than ever before. In my experience, it's only the high-end of the market that is really slowing down at this time.
We're far away from a crisis, though. It's still nice to be in this business!
There's definitely been a slump. Yes, there are six figure sales, but had the previous price trends continued, those sales would have been for much more. I was reading somewhere that for the past four previous years, domains had on average doubled in value every year. This is the first year that growth seems stemmed. I am a firm believer, however, that domain names are the best investment out there.
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