closed BusinessDatabases.com -- really worth 19k ?

[katherine]

Every name is worth zero until you find the buyer.

Even worse, some domains are actually worth -(reg fee * number of years renewed) :lol:

So, are we to assume that since you are the owner and it sold last year for $2500, then that is the amount you paid for it?

The 34K is a stretch, especially as just a domain.

I see that the domain is developed and frankly it's the only obvious purpose that I see for 'business databases'.
Personally I would appraise it a high $$$.

As to whether the domain was overpaid, it's all relative. It means it will take more time to recoup the purchase. Occasionally I have 'overpaid' for domains because I wanted them. But when you are buying domains to develop and not for resale you don't care about reseller margin.
To address the point made by WDD, does the name bring anything of value to the business, well I find that it's rather descriptive for what it's being used for presently... now I don't know if it's a good business or if it even justifies the purchase.

 

[WhoDatDog]

Every name is worth zero until you find the buyer.

It is statements like these that have made this forum a ghost town. You should know better than that. Might as well just say anything...like...."how do you know you don't like something, unless you try it?' Might as well go murder someone and find out. Or, "I knew someone that smoked every day and lived to be 100".

At some point, people need to deal with reality. When talking about any assets in the world the best way to judge the reality of what it is worth is to put it in front of those most knowledgeable about the asset and see what the bids are. In this case, BusinessDatabases.com is worth close to zero, as I have yet to see anyone make an offer.

To say that a name is worth zero until you find a buyer is pretty terrible, and it just slaps reason in the face. The person who listed TravelPlus.com the other day hasn't found a buyer yet, but the name is worth far more than zero, as there are people on this forum who would pay thousands for it right now.

If you buy shares in a company and the company loses 90 percent of its value due to a material negative event, then you have essentially lost 90 percent, yet there are actually people who will say: "you haven't lost anything until you sell".

I guess anything goes around here. No wonder all of the fraudsters ruined the forum years ago with their dotmobi and .co, and similar nonsense scams. The common theme in all bad results is bad reasoning and lazy ideas. Housing prices always go up, the stock market goes up 9 percent long term, and now: "All names are worth zero until you find a buyer".

 

[taxhour]

As to whether the domain was overpaid, it's all relative. It means it will take more time to recoup the purchase. Occasionally I have 'overpaid' for domains because I wanted them. But when you are buying domains to develop and not for resale you don't care about reseller margin.

i share the same opinion.. when you are trying to build a long lasting business plus or minus a few thousands don't make the weather

 

[katherine]

The person who listed TravelPlus.com the other day hasn't found a buyer yet, but the name is worth far more than zero, as there are people on this forum who would pay thousands for it right now.

It's quite possible but I haven't seen offers posted publicly, but maybe the owner got them though PM.
You sound like domain names are only worth the immediate, liquid value they can fetch (that is, on the reseller market). And the whole domain market is illiquid.

BTW this name sold for 11.5K last month.

 

[WhoDatDog]

An asset can only be worth what someone will pay for it right now. Many people own houses and are waiting for the price to go back up to where it was, but the true value is what the house could bring right now.

For years, I would tell people that their names were worth ZERO. People jumped all over me, and I had to watch people make fools of themselves by saying things like: 'It is worth XX, but with development X,XXX". As usual, people missed the whole point. This is a domain forum, and this is an appraisal section, so there should at least be some sense of reality here, as opposed to fantasy.

It is pretty much impossible to sell names right now. That means that borderline names are essentially worth zero, and terrible names are worth less than zero. If 100 people each hold a ticket to a drawing, and one name out of the 100 entrants is being drawn from a hat, then each ticket is worth one percent of the prize. It is not worth the best case scenario, which is winning the prize with 100 percent certainty.

You either understand the concept or you don't. Most here don't. I sold the name MargateProperties.com for $360 about a month ago through Sedo. I listed $360 as the Buy It Now price. I also listed about 100 other names at that time with prices ranging from $300 to $2,000. Now, MargateProperties.com could easily never get a bid here, and I could likely spend 12 months on Dn Forum and never sell the name for even $200, so the value was really low on the name.

What people forget is that when you have a list of names like MargateProperties.com, you do NOT know which ones you are going to get lucky with in advance. It is only after the fortunate sale that people claim the value to be what the sale was. But let's say that you have 100 names like MargateProperties.com, does that mean that your portfolio is worth 100 times $360, which would be 36K? Only a fool would think so.

It is obvious that the portfolio is worth nowhere near 36K. The true value would be closer to 3.6K, if that. And this is what most of you don't understand. What is troubling is that people who should know better never do the right thing and take a stand, they continue to encourage newbies to waste their lives with crap names, and they let people with horrific reasoning and logic run wild with nonsense statements. It is perplexing that people don't understand the basic mathematical concepts involved. It is stunning, actually. And that is not even talking about all of the hours people spend on low-value names that they conveniently neglect to factor in to their final analysis of profit and loss.

I really isn't possible to buy a name for $10 and sell it for $20, and get ahead in life. This is a small example, but it works at most price ranges. If you buy a name for $10, you have to arrange the payment. You then have to conduct the transfer, add it to whatever list you keep, possibly park it, then attempt to sell it. That process costs more than $10 worth of human time, but not a single person ever mentions these efforts. It all comes down to understanding reality.

I remember about 4 years ago someone started a thread asking people to list domain names that they have lost money on. This may have been at another forum, but the first few pages of responses where basically from people ridiculing the thread starter for asking a stupid question. Nobody could really recall ever losing money on a domain name. They expected domain values to go up forever.

Reality is not for everyone, and neither is winning. Only the top 20 percent of people can finish in the top 5th.

 

[Diabro]

I think everyone would agree that nobody besides me knows better about the potential of this domain. I am the owner, I have access to all statistics related to this domain. I am the only person who knows the current rate this domain generates positive cash inflow. Therefore my own valuation of this domain name is the most realistic. All the rest are purely "guesstimates" based on who knows which factors, including the current state of the domain market .

All I wanted to know if 19k / 34k estimates from Estibot.com are correct. I see that they are not, as probably the 98% of all domain valuations.

Unfortunately, some guys started trolling this thread.

If you knowmore than anyone else what this domain is worth than why ask?

Initially I thought it was a good name. But then after reading a page you talked me out of it. I do think the name has value. But I also think the major players in thebusiness database market are already established. They already have branded names, shorter nameswith a competitive sales staff and established clientele. I would have a hard time seeing them want touse BusinessDatabases.com over a name like 0racle.com.

I do think ithas value, but it’s length and specific name in an ever changing market doeslimit the buyers.

 

[Gerry]

But I also think the major players in thebusiness database market are already established. They already have branded names, shorter nameswith a competitive sales staff and established clientele. I would have a hard time seeing them want touse BusinessDatabases.com over a name like 0racle.com.

You are so spot on with this assessment.

It lends itself well to a start up or perhaps even a purchase to direct traffic. In the pure sense of business administrative purposes, it is generic enough TO REDIRECT ANY TRAFFIC to the Primary site. Data warehousing and outsourcing are in huge demand at present (even for cloud computing) and it is only going to increase over the next decade. This is especially true in the healthcare business with the push behind going to electronic medical records. There will be kazillions bits of data that need to be stored, sorted, and retrieved.

The name has potential to a start up and even an existing firm in the sense of defining their business practice. This is a niche market but a very lucrative market. Is it worth 19K? Perhaps any domain is worth 19K if someone wants it bad enough.