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Domain Discussion
Domain Beginners and Newbies
Don't Be Greedy In Domain Business - You May End Up Losing Huge Amount Of Money
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<blockquote data-quote="Domain Author" data-source="post: 2217228" data-attributes="member: 322823285"><p>I happen to be present at the DOMAINX Conference that was recently held in Hyderabad. Here is something that I think is worth sharing.</p><p></p><p>One of the messages that was stressed upon multiple number of times by many veterans was that you need to "Stop Being Greedy" when dealing in domain names.</p><p>It is possible that sometimes someone approaches with a good offer for some of your names. You may know that the price that is offered is good enough for the domain and is much above what you expected. But now, you become greedy and start negotiating with the buyer to make a little more out of the sale. The consequences may be that you may end up not making any sale out of the name.</p><p></p><p>Here is a case study that was presented by Mr. Deepak Daftari</p><p></p><p>Mr. Daftari owned one of the best portfolios of .MOBI domain names at a time when the extension was on a boom. He had many premium names in his portfolio. One day, a buyer turned up and offered him $3 million for his entire portfolio.</p><p>Mr. Daftari, after having thought for sometime, evaluated and decided that his portfolio was worth much above what was offered to him. As a result, he denied the offer of $3 million for a portfolio of .MOBI domains.</p><p>As time passed, .mobi became less popular and as a result, his domains kept on diminishing in value. He said that his portfolio of the same .Mobi domains that had huge demand at that time, has no value today.</p><p>He regrets for NOT having accepted the offer of $3 million.</p><p></p><p>He concluded by giving us an advice that 'Don't be greedy' when dealing in domain names!! If the ROI is good enough(or Excellent), do not hesitate to make a deal!!</p><p>Always remember, a domain is worth only the price that a buyer is willing to pay for it!!</p></blockquote><p></p>
[QUOTE="Domain Author, post: 2217228, member: 322823285"] I happen to be present at the DOMAINX Conference that was recently held in Hyderabad. Here is something that I think is worth sharing. One of the messages that was stressed upon multiple number of times by many veterans was that you need to "Stop Being Greedy" when dealing in domain names. It is possible that sometimes someone approaches with a good offer for some of your names. You may know that the price that is offered is good enough for the domain and is much above what you expected. But now, you become greedy and start negotiating with the buyer to make a little more out of the sale. The consequences may be that you may end up not making any sale out of the name. Here is a case study that was presented by Mr. Deepak Daftari Mr. Daftari owned one of the best portfolios of .MOBI domain names at a time when the extension was on a boom. He had many premium names in his portfolio. One day, a buyer turned up and offered him $3 million for his entire portfolio. Mr. Daftari, after having thought for sometime, evaluated and decided that his portfolio was worth much above what was offered to him. As a result, he denied the offer of $3 million for a portfolio of .MOBI domains. As time passed, .mobi became less popular and as a result, his domains kept on diminishing in value. He said that his portfolio of the same .Mobi domains that had huge demand at that time, has no value today. He regrets for NOT having accepted the offer of $3 million. He concluded by giving us an advice that 'Don't be greedy' when dealing in domain names!! If the ROI is good enough(or Excellent), do not hesitate to make a deal!! Always remember, a domain is worth only the price that a buyer is willing to pay for it!! [/QUOTE]
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Don't Be Greedy In Domain Business - You May End Up Losing Huge Amount Of Money
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