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I was lead to open this thread because of a related thread titled: Why most domainers are not willing to reveal their full portfolio?
Disclosure: this thread is not by any means an attack on namepros: rather it's to add value and help improve this amazing platform.
My Reply can be seen below: (after leaving this reply, i realized a thread is needed to discuss and confront this wholesale pricing issue.
Last time i sent my portfolio to a kind domainer who DM'd. He said he is willing to broker all my names.
Out of the blue i started getting crazy low ball offers to my best names at Godaddy. I knew immediately it was that domainer. I let the Godaddy Broker know they have to come higher than $100. ofcourse they ran away. We have developed a habit here to make reselling seem like a domain must be for $25 or else its not a deal. But if i see a great domain I believe i can get 5-10k for, i don't mind spending a few hundred for it atleast. I did that with abba.org and made good money. i made that with bolt.org and made 10k.. i did that with MrSmile.com.. literally emptied my paypal account to buy it for a few hundred and i sold it for almost 7k. The return you can get is what makes it wholesale. That's just one of the many reasons i assume others may not share their whole portfolio. Also, some may want to take advantage of a trend before others catch on..and maybe their portfolio would reveal some juice. I for one share trends...i reg 2-3 and share. But as someone above mentioned... cornering the market is fair play.
Additional thoughts: No doubt, if i came on namepros and saw "GoodFood.com" for $25, i would snatch it up or claim it in a heartbeat. However, if it was a make offer, i wouldn't be against paying a few hundred bucks because I know without a doubt that i could flip it for 4 figures and even 5 figures if the right buyer is found. But 4 figures no doubt imo. I would do an injustice to send them a $25 offer. But even if i did that as a strategy or in hopes of getting it for as low as possible... and the seller reject it.. i would show respect and show i want it by presenting a better offer or atleast ask what's the minimum the seller is willing to part with it for. Then I'd look on my financial and see if i can afford it or bid higher.
But today on namepros, people are so spoiled that they get offended if you don't sell them a solid name for $25-$35. Like how dare you ask for more! smh
Have you ever seen these requests and offers? it's like you are evil for wanting more for a quality name. People will even pay more for a logo than a name. I believe this is creating overtime a very toxic environment on namepros. Ofcourse we can say unlike the real world, most domains are not liquid or have a pre-determined market price. Even if that's so, we can't play the fool. If i post one of my random names on namepros: like Launchup.com, you and I know $25 is BS... even $100 would be Bs. If you can't see a name like that and know you can get 4 figures minimum then you shouldn't be domaining.
It's just a pet peeve when people make requests and declare they are looking for wholesale pricing, but in a very demanding and rude way. As if wholesale is some hand reg pricing????? Wholesale as i mentioned above should be weighed in comparison to the quality of the name presented. If you present to me a strong Ai keywrod .com, i won't be against paying whoelsale in the hundreds and even low 4 figures. because I see the potential to sell that for mid to high 4 figures and even 5 figures. No question. imo.
We need to create an environment that encourages integrity and fairness, so we can bring in serious buyers and sellers and bring in win win situations. (The seller of MrSmile.com was happy to get $450 and i was a big winner making a huge ROI). We don't need to create this toxic $25 wholesale non-sense.
Lastly, when you are starting a serious company as a domainer, be willing to invest in yourself. If you don't value your own brand, why should anyone else do? Be willing to spend more than $25.
This post excludes those who a struggling financially and offer what they can afford. But we can identify those who aren't struggling and just come with this "ENTITLED" $25 mindset.
Disclosure: this thread is not by any means an attack on namepros: rather it's to add value and help improve this amazing platform.
My Reply can be seen below: (after leaving this reply, i realized a thread is needed to discuss and confront this wholesale pricing issue.
Last time i sent my portfolio to a kind domainer who DM'd. He said he is willing to broker all my names.
Out of the blue i started getting crazy low ball offers to my best names at Godaddy. I knew immediately it was that domainer. I let the Godaddy Broker know they have to come higher than $100. ofcourse they ran away. We have developed a habit here to make reselling seem like a domain must be for $25 or else its not a deal. But if i see a great domain I believe i can get 5-10k for, i don't mind spending a few hundred for it atleast. I did that with abba.org and made good money. i made that with bolt.org and made 10k.. i did that with MrSmile.com.. literally emptied my paypal account to buy it for a few hundred and i sold it for almost 7k. The return you can get is what makes it wholesale. That's just one of the many reasons i assume others may not share their whole portfolio. Also, some may want to take advantage of a trend before others catch on..and maybe their portfolio would reveal some juice. I for one share trends...i reg 2-3 and share. But as someone above mentioned... cornering the market is fair play.
Additional thoughts: No doubt, if i came on namepros and saw "GoodFood.com" for $25, i would snatch it up or claim it in a heartbeat. However, if it was a make offer, i wouldn't be against paying a few hundred bucks because I know without a doubt that i could flip it for 4 figures and even 5 figures if the right buyer is found. But 4 figures no doubt imo. I would do an injustice to send them a $25 offer. But even if i did that as a strategy or in hopes of getting it for as low as possible... and the seller reject it.. i would show respect and show i want it by presenting a better offer or atleast ask what's the minimum the seller is willing to part with it for. Then I'd look on my financial and see if i can afford it or bid higher.
But today on namepros, people are so spoiled that they get offended if you don't sell them a solid name for $25-$35. Like how dare you ask for more! smh
Have you ever seen these requests and offers? it's like you are evil for wanting more for a quality name. People will even pay more for a logo than a name. I believe this is creating overtime a very toxic environment on namepros. Ofcourse we can say unlike the real world, most domains are not liquid or have a pre-determined market price. Even if that's so, we can't play the fool. If i post one of my random names on namepros: like Launchup.com, you and I know $25 is BS... even $100 would be Bs. If you can't see a name like that and know you can get 4 figures minimum then you shouldn't be domaining.
It's just a pet peeve when people make requests and declare they are looking for wholesale pricing, but in a very demanding and rude way. As if wholesale is some hand reg pricing????? Wholesale as i mentioned above should be weighed in comparison to the quality of the name presented. If you present to me a strong Ai keywrod .com, i won't be against paying whoelsale in the hundreds and even low 4 figures. because I see the potential to sell that for mid to high 4 figures and even 5 figures. No question. imo.
We need to create an environment that encourages integrity and fairness, so we can bring in serious buyers and sellers and bring in win win situations. (The seller of MrSmile.com was happy to get $450 and i was a big winner making a huge ROI). We don't need to create this toxic $25 wholesale non-sense.
Lastly, when you are starting a serious company as a domainer, be willing to invest in yourself. If you don't value your own brand, why should anyone else do? Be willing to spend more than $25.
This post excludes those who a struggling financially and offer what they can afford. But we can identify those who aren't struggling and just come with this "ENTITLED" $25 mindset.
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