I’m pretty sure I underprice most of my domains. I tend to it with everything. Even our plants at the nursery. We get a great margin on our plants we grow but occasionally we have to buy in plants from other growers. Those plants obviously cost more than those we created so I have to make the prices a bit higher. And it doesn’t effect sales at all. Which shows me I am not pricing high enough on many of the items. Of course you want to be the best price in town and make the most money but its foolish not to maximize price. Another example. I wanted to take over the Mum market and we grow huge mums and had them at $5. And we did take over. Selling 20,000 of them when we used to sell 2,000. But costs were adding up between labor and input so I raised to $6. Not one person has batted an eye. Selling just as well as ever and people tell us every day what a great price it is. Even people saying “I just had to come in and see these great mums people are talking about” You know its working well when the price to value is so good people come from all over. I couldn’t have gotten $7 and had the same effect with an extra 20K plus in income.
Domains are different than commodity mums but the concept is the same. You want to sell something but you want to get the most you can out of it. And I don’t. I am extremely happy with my profits but I know I can do better with some patience. The reason I know is I am generally buying good names. Good names go up in value. Always have. If I would have kept the names I bought 8 and 9 years ago I would probably have more money than I do now. Because many of the names I bought for $1000 are worth $30K plus each. But I wasn’t patient and I didn’t want to wait for the money. I wanted to keep buying and without selling I couldn’t buy. And not buying is no fun. I still struggle to get full value but I’m getting better. I also am doing a better job of knowing when I am lucky to get out of a name and not push it. On names that weren’t my best buys. I sold a .info the other day and was ready to drop it. Instead I have $700 in my bank account and that pays for most of my bad purchases last year because their weren’t very many. But I still have a ton to learn. I am much better at domain investing than I was 5 years ago. I actually am a much better business person than I was. And I can certainly easily tell who doesn’t have a clue what they are doing. Throwing darts and hoping one hits. And when they get a bullseye aka a great sale and yell out how they hit the bullseye. I can see the 400 other darts in the drywall that they threw with the lucky one hitting the center. I know I won’t hit the center with one dart but with experience I can throw less darts and my center is a lot bigger. And I always keep practicing Here are today’s names. Click through to see the current price
Quote of the Day: “You might be thinking, “What if someone steals my idea? Trust me, nobody has the time to start a company with your great idea, and even if we did, its going to be up to you to out execute your competitors“ -Alex Ohanian
Domain of the Day: CellMoney.com Great name for exactly this. To pay people with your cell phone
Namejet and Sedo Names
SSSN.com This would easily have been a 5 figure name during the Chinese rush
GoodPlayer.com E-sports name. I just say that because its the hot area right now
Coins.cc Best name on the Sedo Crypto auction. But I may be biased as its mine 🙂
Signed.com The perfect autograph sales name
Bitoc.com I like this one because of the real low reserve. Worth $100 easy IMO
Godaddy Domains That I Like With Multiple Bids
Peera.com An Indian treat. A sweet meat, pudding like thing. Top bid getter on the Godaddy board today
APAW.com Trying to decide if all the bids are coming for the good letter or the pet friend A Paw
SellBy.com We all know what a sell by date is. Of course it’s just as much used to get you to buy more as it is to help you not eat spoiled food.
WebDesigner.org Even the dot org is worth four figures IMO
Sulz.com Could be considered a pronounceable. Not being priced as one
Sold.me decent real estate name. .Me not quite what it used to be but still good for branding
TrueCasino.com Casino names are starting to heat up lately
OCGN.com Great letters. The o at the front will give it a discount.
QuickMD.com I think buying any telemed or remote medicine names is a good idea. My opinion only
Groovia.com I figured this would get some bids. I thought it flowed nicely . Groovy
166366.com All the sixes have it in the fours. Four figures
TravellersMag.com If you believe Godaddy this one gets 93,000 visits per month
ClassicDreams.com Sounds like a store in the mall
Godaddy Domains With No Bids
Scouch.com Not a real thing but makes a good brand IMO
NailsAndBraids.com Plenty of places that do exactly this. No bids
Kymen.com Good 5L.com with only one bid
Mazuno.com Gets a little traffic from the sports company Mizuno
CompuTherapy.com Might qualify for that telemedicine thing. No bids at $12
AwesomeFinishes.com Great sports endings………………or porn
CellBrokers.com With all the new Apple phones around the used cell phone market has to be robust
OTHER Godaddy Domains With Bids
2nvren.com
735400.com
AandaWelding.com
ACAutosales.net
AdModus.com
Affter.org
AgileCertifications.org
AlbertHashMemorialFestival.com
AllJobiNabRoad.com
AM567.com
Anime-Forums.com
Anquye77.com
AyosWebDesign.com
BellOmanDesign.com
BetteRatEverything.info
BizTherapy.com
BlogSmall.com
BookArea.com
BrokersReviews.com
Cableway.com
ChefRecruiters.com
ChesterReport.com
Cincinnati-StairLifts.net
CoasterFurnitureUsa.com
CreativBlog.com
CTFSOffers.com
DefenseLawyers.org
DentalImplantsDeals.info
Discounts4u.com
DixonsFurnitureSeattle.com
DrBelt.com
Earningtips4u.com
ElectricalTopics.com
ENYG.com
EuropeanFurnitureLTD.com
FreeInternetGambling.org
GiantBatFarts.com
GilmoreHealth.com
GiveBackAmerica.com
HellaLabs.com
HistoricalStockPhotos.com
HomesInspector.com
HotTopList.net
ILoveCrochetPatterns.com
InteleMed.com
JesupDriveIn.com
JrLonsFlagFootball.com
LetStalkStars.com
Liukuo.com
LZ848.com
MadisonMattress.com
MarkonCall.com
MatrixCommunity.org
MindPixels.com
MLMShop.com
Modern-InteriorFurniture.com
NaturalHealthDoc.net
NQCare.com
NYEBeach.org
OldHavanaEats.com
OpenPec.org
OutdoorShedReviews.com
PeachyBBabies.co
Philadelphia-StairLifts.net
PopcornVille.com
QuinticCorp.com
Rabbl.com
Ravasex.com
RCMZcom
RocMe.com
Saonian.com
SeniorLivingLasvegas.com
SevenBarAndGrill.com
SmuckersSheds.com
SterlingJewelry.com
Sum8.com
TJScott.net
u15iv.com
UrbanGrey.com
Waooo.com
WebTechNews.com
Wig4Wig.org
WTFunny.com
Shane, a wonderful piece of humble, objective, self reflection. The kind that often makes the difference between success and failure. An ability that is crucial for anyone starting out in any business but especially domaining. A wonderful reminder for those of us who have been around domains for a bit and a vital lesson for those that are still getting their feet wet. Thanks for sharing!
another great post, thanks. i currently maintain a small portfolio of 100 or less domains in various verticals for future development, so i’m all about quality over quantity. my goal is to always be upgrading the best domains in each vertical using funds from inbound/passive sales. generally speaking, if a name is hand reg’d, then i’ll accept high $xxx. if a name is won via backorder/auction for $xx-xxx, then i’ll accept low-mid $xxxx. if a domain is acquired for $xxxx, then i ask for $xxxxx. if it’s acquired for $xxxxx, then i hold out for $xxxxxx (no six figure sales yet). sometimes i really like a name that i got a great deal on, but if the offer is good like stated above, i usually sell and upgrade to something better.
$5-6 ???
My mum is priceless .. and I’m fairly sure yours is too .. shame on you for saying otherwise! 🙁