Gotta love this response from a Sedo bidder

[Theo]

Acro, how did you find out who made your Sedo offer? (and no, it wasn't me!)

The original inquiry came through email; I responded with a link to Sedo (domain is at Parked) and two hours later our friend placed his $80 offer

 

[Infoproliferati]

I talk to people all the time who are not domainers, and to a lot of people, $2K is a LOT of money. I think domainers sometimes look at money differently than regular people, partly because so much of it is flying around. There are a ton of well meaning, regular people with hobbies and interests or a small business, who might like a good domain for a development project. There is nothing wrong with that.

A medium-sized business that might appear to have a lot of funds could easily be struggling in this economy, having layoffs etc so to them also, $2K might seem like a lot of money. Yet, they might still want to be improving their business, when the opportunity arises.

Realistically, 99.99% of people in this world are not domainers. That is important to remember if you want to sell a lot of domains. I have sold a few domains, and in my experience very few domains were bought by a speculator who then flipped them for a lot more. How often does that really happen? Domainers are 'afraid' of this happening but is it really that common? If a domainer was a stock investor, and fearful he was selling his stock before its peak, then he might never sell anything. And if you sell a domain that is sold for double a year later, that is not really flipping, that is just growing in value, so it depends on how this is assessed.

You made good points. I still think it comes down to the type of domain the buyer wants. 2K is a lot of money to most people but it just won't suffice for a premium domain that's evidently worth over 10k. 2k may suffice for a speculative/non-premium domain. I think if buyers educated themselves before making offers we'd all be much happier. A seller may have a high asking price and the buyer armed with what he has learned, will be able to inform the seller of his "inflated" price and negotiate better.

How the buyer and seller understand the value of a domain is probably the most important determinant for closing a sale.

Camroulette is a good example. Had the original owner known that there was a burning need for great cam domains he would have named his price at over 10k. The price may have been considered over inflated. But inflated from what perspective exactly? That no one would want to pay over 10k for a name that was not a premium? That turned out not to be true. You mention Ireport. I don't know how Rick pulled this one off at 750k. Even now I don't think it is worth that much. But both parties understood what it was worth and they could agree on a price. Another example was the purchase of cookinggames .com. Like most I don't know if I believe the over 300k sale. And CGM . com a few months ago for 365k. In all these cases the buyers understood value along the same lines as the seller. Fortunately or unfortunately, it seems only endusers understand value these days.

 

[Gerry]

I do understand kdsinclair's rationale. But saying that domainers look at money differntly that regular people is not making sense to me. Just like gold prices of $1400 an ounce is a lot of money to some people but not for a gold investor.

One thing that I can honestly say is the "newness" factor of the internet should just about be over by now after 20 or so years.

Businesses have to go online to thrive and survive even if it is a brick and mortar store.

Someone going into business would be very well advised to seek counsel with someone who is not only internet savvy but can understand all the nuances (to include domains) and be able to discuss this.

And domain names should be integrated into the business plan and funded so.

All these points should also be integrated into any new business, marketing, and management courses.

 

[darwish]

I agree with these guys to some extent. For some reason domainers feel the need to ask high end user prices on Sedo when they'd sell the same domains here or to another domainer for a fraction of their Sedo best price.

These guys aren't aware of the whole reseller/end user market thing, but they can sense that they are getting ripped off. And they are right.

Unless we all want to die with 95% of our domains we really need to start being more reasonable with our asking prices.

you are correct , i contact many ccc.coms owners
they asking for $ 2k for lnl.com , nln.com

also i contact one guy who owned some cc.nets , he asking for $ 10k for each cc.net
i tell him i will give you my cc.net for $ 1500 .
he refused lol

Really something strange !

 

[karter9977]

Speaking of Sedo.. I haven't received a single offer through Sedo in almost a month! I usually receive 3-6 a week. I'm starting to think that my domains aren't listed correctly or something.. :worried:

Ever since they changed their search feature we haven’t received the number of offers we usually receive either. On the other end of that, I haven’t placed any offers recently because the search feature is terrible.