Is Andrew Miller of 3character.com a member of DNF?

[actnow]

I'm getting tired of people quoting his site as a factual source for domain values.

His site is out of wack compared to the current wholesale market values.

For example, just today 8-0.com closed on Namejet for $ 7,066.
Using his site, people would think the value should be around $ 1,450.

Namejet would be considered closer to the wholesale market value
rather than enduser pricing.

I would like to hear how he is arriving at his pricing model?


(I just edited my original posting. I didn't want to attack him because others
are using the data as 100% accurate.)

 

[dolansco]

His site says "Current Observed Minimum Wholesale Price (regardless of letter combo)"

Note : MINIMUM OBSERVED

So he is not giving you a guide price , just the lowest price he observed the worst combo sell at , at reseller pricing , in the prior month.

It is a place of reference , of reasonably accurate results .

His observed price on minimum LLL.com is $7300 in April , does that mean that pig.com is worth that ? NO
It means that he did not see LLL.com sell for less than $7300 in April .

Very handy site .... but NOT a rule book

 

[TheLegendaryJP]

To me namejets prices are as high as 3charcters is low. In saying that dolansco is right that it is based on the lower end and obvious adjustments need to be made for better quality names.

 

[BiggieBiggie is verified member.]

I'm getting tired of people quoting his site as a factual source for domain values.

this would be an argument that I could agree with.

however, it's mostly the newbie's and those who can use the data to their advantage, who frequently source or refer it.

though experienced domainers who know the market can "cypher" the data as "dolansco" put it, those who are not, take the data as factual.

they are the one's who usually come out on the "short-end of the stick".

some actually base their domain prices/budgets according to the reference.
and when domains sell for more than what the reference lists it at, then they are amazed!

those who adopt this reference come to depend on it, when it really depends on how knowledgeable the person is about the market who compiles the data.

I know in the beginning when they first started the site, they probably didn't think that it would be used in such a way, but it's beneficial for them to perpetuate the hype.

That, I don't have a problem with, I just don't accept price guides in an open marketplace.

 

[BobDiGiTaL]

I'm getting tired of people quoting his site as a factual source for domain values.

If someone is using 3Character.com to sell names, what are you mad about?
or are people inquiring about your CCC.coms and when you say $1000 they say 3Character.com says it only worth $175 ?

 

[actnow]

or are people inquiring about your CCC.coms and when you say $1000 they say 3Character.com says it only worth $175 ?

Yes. And, I believe they think his site is as precious as the Federal Reserve interest rate.

I realize there are a number of variables in play when a domain is being bought which could effect the final price of an individual domain.

Need to buy.
Need to sell.
Knowledge of the market.
Salesmanship of the seller.
Negotiation skills of the buyer.
Scarcity of the domain.
Additional suitors.
Impulsiveness.

etc, etc.

 

[JohnnJohnn is verified member.]

I just sold a 3 letter .us for 2K. Normal letters.

 

[actnow]

I just sold a 3 letter .us for 2K. Normal letters.

Shame on you. Didn't you know it was only worth $ 45.?

Seriously, congratulations on the sale. Thats Great !!!

Everyone is going to Johnn's house for the Memorial Day cookout to celebrate the sale !!!

:smilewinkgrin:

 

[JohnnJohnn is verified member.]

I paid $49

 

[Donald Aquilano]

I just sold a 3 letter .us for 2K. Normal letters.

I'm just curious what were the letters?

 

[JohnnJohnn is verified member.]

Z,V,Y,W,Q,B - sample letters
If I tell you the letter - it is easy to find out which one since there are not too many combinations.

The name(s), (I bought a couple), have been listed in several forums for months.


I turned down (2) 8K offers for a (2) 3 letter .net.

Once you own the name - you name the price.

 

[DomainBELL]

I just sold a 3 letter .us for 2K. Normal letters.

congrats to you... (nice one)

~DomainBELL (Patricia)

 

[Commerce]

I am sort of confused by the original post. Is this simply a case of "do you need some cheese with that whine?"

Both NameJet.Com and 3Character.Com seem like good sites in their market spaces (arguably NameJet looks a bit prettier).

For example, just today 8-0.com closed on Namejet for $ 7,066.
Using his site, people would think the value should be around $ 1,450.

As dolensco was kind enough to specify, and 3Character site is pretty clear on, "Current Observed Minimum Wholesale Price".

Given a multiplier of roughly 4.87 in your example, and that L-L is $2750, I guess I could expect a price of around $13,401 for the L-L.com I have here at DNF ( ).

Do I expect that price? Well, I don't know. Are my L and L good? Very. Is there a general meaning associated with the letters? Sure.

What does that all mean? Ultimately nothing. One of the largest sales I have ever been involved with was actually what most here would argue was a terrible .net name - they buyer loved it and wanted it and paid 6 figures - deal done in one hour by phone.

Domains ultimately are worth what a buyer is interested in paying and a seller is willing to accept. End of story.

BTW, Johnn - congratulations on your recent sale, you are a good guy and you deserve it. If the buyer was happy to pay what they did and you were happy to sell for what you did, then great, all parties are happy - and that strikes me as good business.

-Commerce

 

[JohnnJohnn is verified member.]

The issue with pricing is we keep selling to each other and make nickel and dime on each sale.

There are ton of end users out there that you can 'educate' them and sell at reasonable 'retail' price. The domain market is still unknown to the general public and our job is to spread the world the value of domain - and of course - sell to them.

 

[zesty]

Man O' Man,

Provide a free resource for which you use careful analysis in an area where you've had a reasonable background of experience; all with the hopes of adding a helpful voice to the discussion...and sometimes it seems you're really asking for it.

I've really enjoyed 3character.com and I'll gladly stand behind it's info.

The internet is all about sharing information. We're even a part of this forum to learn and to share our knowledge. Please let 3character.com be a site of value to those who find it valuable and who use the info as it has been carefully presented.

Actnow, your thoughts and experience are valuable. Please let 3character.com be one more hat in the ring offering my analysis and experience.

Thanks,
zesty

 

[tekz999]

The information at 3character.com is great, and I love it.

 

[CyrusL]

The information at 3character.com is great, and I love it.

Agreed, the author is completely upfront about it being observed data.

 

[VirtualT]

I'm getting tired of people quoting his site as a factual source for domain values.

His site is out of wack compared to the current wholesale market values.

For example, just today 8-0.com closed on Namejet for $ 7,066.
Using his site, people would think the value should be around $ 1,450.

Namejet would be considered closer to the wholesale market value
rather than enduser pricing.

I would like to hear how he is arriving at his pricing model?


(I just edited my original posting. I didn't want to attack him because others
are using the data as 100% accurate.)

hang on a minute, so your problem is with "his site" or "people quoting his site" or both?

 

[StianStian is verified member.]

For example, just today 8-0.com closed on Namejet for $ 7,066.

Makes me want to start a offers thread for 4-4.com again.

Sorry for being off-topic. :uhoh:

 

[italiandragon]

Man O' Man,

Provide a free resource for which you use careful analysis in an area where you've had a reasonable background of experience; all with the hopes of adding a helpful voice to the discussion...and sometimes it seems you're really asking for it.

I've really enjoyed 3character.com and I'll gladly stand behind it's info.

The internet is all about sharing information. We're even a part of this forum to learn and to share our knowledge. Please let 3character.com be a site of value to those who find it valuable and who use the info as it has been carefully presented.

Actnow, your thoughts and experience are valuable. Please let 3character.com be one more hat in the ring offering my analysis and experience.

Thanks,
zesty

Hi Zesty,

The information you provide are useful EXCEPT the misleading and incorrect definition/creation of such called "Premium letters".

I invited you several times to provide supporting datas to that but I got no response.
This is what I think:
-------------------------------------------------------

There is a myth going around from years in the industry: Premium letters.

Newbies asked me this many times. What is a Premium letter? And what is a non premium letter.

Some website in the past created this “fable” and lots of sheeps…ehm pardon me “investors” believed that since they believed that some letters were not Premium, they did not buy them so the prices of acronym domains (such as LLL or LLLL) started to decrease.

The habit grew so much that in a catch 22 or paradox, what that site originally wrote , was starting to become true. Like if I wrote that “pigs fly” in 2003 and all people coming later were believing it, then you`ll hear in 2008 that yes pigs fly and by reading this everywhere, a new domainer may start believing pigs REALLY fly.

Years later, in 2008, the fable is still going on.

That`s enough , it`s time to look at REAL DATAS and be smarter than sheeps.

The following study is from 2002 so it`s based BEFORE THE MISTAKEN GUIDE from the 3 chars site came out and it has more value because it was not affected by that, while recent datas are just the mirror of the mistakes domainers have done most of the times following that “guide”.

http://www.mcgees.org/fourletterdomains.html

Survey of Four-Letter Domains

In March 2002 I conducted a survey of four-letter .com domains currently reserved on the Web. There are 456,976 (264) such domains, so I probably annoyed the whois server administrators. Here are some statistics on what I found:

Four-letter domains reserved as of March 2002: 257,400 (56.3%)

Percentage of palindromic domains (adda, zyyz, etc.) reserved: 93.5%

Percentage of domains containing ‘faq’ reserved: 46 out of 52 (88.5%). The ones not yet registered are faqj, faqk, faql, faqo, faqr, and faqv.

I have only found two four-letter words that have not been registered: tahr, a wild mountain goat, and yirr, listed as an echoic in the OED and found in Burns.

Here are some more statistics:

Registration rate for domains beginning with a certain letter:
Most popular:

a: 72.7%
w: 70.4%
t: 68.0%
u: 66.4%
i: 66.3%

Least popular:

v: 37.6%
y: 34.2%
z: 33.6%
x: 32.1%
q: 26.7%

Registration rate for domains containing a certain letter:
Most popular:

a: 72.7%
s: 70.9%
c: 68.3%
i: 67.4%
t: 65.5%

Least popular:

v: 43.7%
y: 41.8%
x: 35.6%
z: 32.9%
q: 22.2%

Registration rate for domains containing a given two-letter pair:
Most popular:

us: 91.4%
in: 90.1%
ma: 90.0%
sa: 89.5%
as: 88.8%

Least popular:

gq: 10.3%
qv: 10.3%
qk: 10.2%
vq: 9.3%
fq: 8.9% (46 of the 50 least popular two-letter pairs contain q. The most popular q-pairs are iq, hq, and aq.)

Also the LETTER FREQUENCY in several languages may help a bit (despite you need to understand that this is not specific only for ACRONYMS:

http://www.everything2.com/index.pl?node_id=914452

So as you can see , according to these statistics the letter U in English is used more than letters like M , C and F and is right in the middle of the list (same in the italian language).
If we analise the stats regarding French and German , then the U is used even more.

How can anyone dispute this and don`t call it Premium ?

Right…first of all, calling letters Premium and not Premium is MISLEADING.

This is what I think we should call them :

MOST USED LETTERS or LESS USED LETTERS.
and my chart based on the actual market (which evolves with the evolving Internet Worldwide penetration)

MOST USED LETTERS:
LEVEL 1: A-B-C-D-E-F-G-I-L-M-N-O-P-R-S-T-W
LEVEL 2: H-U-V
LEVEL 3: J-K-Y
LEVEL 4: Z
LEVEL 5: Q-X


Also, it`s about time that some old domainers wake up and realise that English is JUST A PART (BECOMING SMALLER each day) of the Internet. Other languages are used more and more widely.

For example, did you know that the Italian Alphabet has only 21 letters? No J-K-W-X-Y in the land of Ferrari!

While in China, did you know that Chinese does not have the letters A-E-I-O and V ?

And did you know that in Germany the letter Z is very good?