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closed MiamiRealEstateLawyer.com
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ainkiller:
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880 Local Searches a month. If developed out would be a great lead generation site for a real estate attorney. Very specific searches, as is 1k to 3k in my humble opinion. Hope this is helpful. I would develop out, rent it to Miami Real Estate Attorney once it is ranked first page for about 300 to 500 a month.
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How do you develop theses lead generation sites properly? I own a great attorney name that has about 780 to 800 local searches a month. The problem is the competition is ferocious. I am not sure what to do with it. Another interesting thing is that the CPC is over $44.00.
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It might be good to lease it out to a local attorney on a monthly basis. It might not seem like as much as selling the leads, but it will be more consistent income. If you can get the site to rank and then lease it, you could get 500 to 1k a month if it is in the right area of law. Build up a content rich site, have useful information and a contact form. Get a Google Phone number for the site, that way you can redirect the number to the attorney who leases the site, but you control the phone number. Also find a centrally located addresss for your local area and create a ficticious address strictly for ranking purposes until you get the site leased. You own the domain and content and they get the use of it for as long as they pay their lease. They stop paying and you lease it to their competitor, simply by changing the address to the competitors and changing the forwarding to the new attorney's address.
The name is essentially worth zero. List it in a thread here and if you get $50 for it, then I will reconsider. Notice how all of those who responded mention some from of development. They miss the point entirely. As a stand alone name it is worth very close to zero, if not less than zero.
If you sent 100 emails to 100 lawyers in Miami do you think you would get $200 for it? I doubt it. And you will spend more than $2 worth of time and effort finding each lead and sending an email, even if you got $200. Once you factor in the time and effort spent to find a buyer, and also the time spent asking questions in this thread, then you are into this name for hundreds of dollars, at least, and likely a lot more.
As time goes on names like these continue to rob you of your time on earth. They just aren't good enough to be worth lots of effort, since nobody really has to have these names, and the ceiling is very low as to the price you can expect to get, even if you get lucky.
These are the most dangerous names you can own. They take a lot more than they give.
If you sent 100 emails to 100 lawyers in Miami do you think you would get $200 for it? I doubt it. And you will spend more than $2 worth of time and effort finding each lead and sending an email, even if you got $200. Once you factor in the time and effort spent to find a buyer, and also the time spent asking questions in this thread, then you are into this name for hundreds of dollars, at least, and likely a lot more.
As time goes on names like these continue to rob you of your time on earth. They just aren't good enough to be worth lots of effort, since nobody really has to have these names, and the ceiling is very low as to the price you can expect to get, even if you get lucky.
These are the most dangerous names you can own. They take a lot more than they give.
Well, then let this guy know how much you will buy his names for. People win at the racetrack, too. The bottom line is that if he listed it in a thread here he might not get any price. And this forum has some of the most knowledgeable domainers in the world.
Just because you can imagine someone buying the names, or have sold similar, does not mean much. If your Chicago name sale was relevant you would easily offer him 20 percent of that price, so let's see the offers start pouring in. I am talking out loud, and not trying to attack above poster, who usually has good ideas as to value.
The names are worth zero today unless someone is prepared to BUY them for any amount over $50 each. So, raise your hands if you want to make real money offers for these. My guess is that nobody on this forum would pay $100 each for them right now. That is thousands upon thousands of eyeballs.
If there is a less than one percent chance that these names sell for X,XXX, that hardly makes them worth anywhere near that. And once again, there is nobody on the forum who ever properly accounts for the time and effort spent spent on trying to sell these types of names.
If you buy a name for $50 and it takes you three years to sell it for $500, and you put into 100 hours of effort, then you have just wasted part of your life.
Just because you can imagine someone buying the names, or have sold similar, does not mean much. If your Chicago name sale was relevant you would easily offer him 20 percent of that price, so let's see the offers start pouring in. I am talking out loud, and not trying to attack above poster, who usually has good ideas as to value.
The names are worth zero today unless someone is prepared to BUY them for any amount over $50 each. So, raise your hands if you want to make real money offers for these. My guess is that nobody on this forum would pay $100 each for them right now. That is thousands upon thousands of eyeballs.
If there is a less than one percent chance that these names sell for X,XXX, that hardly makes them worth anywhere near that. And once again, there is nobody on the forum who ever properly accounts for the time and effort spent spent on trying to sell these types of names.
If you buy a name for $50 and it takes you three years to sell it for $500, and you put into 100 hours of effort, then you have just wasted part of your life.
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if you buy a name for $50 and add 3yrs renewal fee @ $10 per, that's $80
takes a few seconds to list on sedo and wait.
so, no hrs of effort, nor did i waste any part of my life doing that.
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I'll take it for $50..!
I wasn't talking about your sale. You may have listed it on Sedo and done nothing else, but the OP who listed names here, by definition, will have a few hours into this. He thought about starting a thread, then started the thread, then checked in and responded to thread. If he is an attorney, he would have been MUCH MUCH MUCH better off doing law work instead. So, he cost himself a few hundred per hour in legal billings by spending time on a name that has a very low chance of ever getting sold for those few hours he put into it.
And that is assuming that he never spends another waking moment thinking about the names. Those minutes and hours add up, even listing names at Sedo, negotiating with buyers, and everything else. It all adds up. Domainers in general (not you), do not properly account for their true returns.
It is similar to someone going on a stock message board after buying 1K worth of stock. This person might make daily posts for 6 months on that board, then finally sell their stock, if they are lucky, for a profit. Let's say they are extremely fortunate and sell their stock for $1.5K. Did they really make $500, since they spend every day talking about the stock for 6 months, for hours on end?
So, we have a buyer now who will pay $50, and that is at most 5 percent of the similar Chicago name sale, which has to be X,XXX. So, the only true money bid right now is at most, 5 percent of that sale, and likely less. And that means it cannot be relevant as to the true value today.
If you spin the wheel on roulette you have about a 3 percent chance of getting the maximum payoff of 30-1 or so. The value of each spin is not the best case scenario, but approximately 3 percent of that. And that is without factoring in time and effort.
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