No crypto talk today, well maybe a little domain related crypto talk. I’ve been selling names with “coin” in them like they’re going out of style, as well as a sale yesterday with the word “chain”. No crazy prices, the range is from around $599 to $2400 retail, with a few $59-$200 wholesale at Dropcatch.
Reading the comments from Shane’s post yesterday, Jeff stated he thought it might be better to invest in Crypto right now than in Domains and that he was having trouble selling his portfolio wholesale. It could be true for Jeff that crypto would have a better return than domains, I’m not sure what his situation is.
There are several points we can take away from this concept. First, there are so many variables in domain investing that I have trouble comparing it to any other industry, especially block chain tech and all it’s intricacies.
Obviously we can make correlations in domain sales to other events like the strength of the economy, but since each one of these little bastards is unique unto itself, we’d have to judge each and every name on it’s own merits and then throw timing and exposure into the mix. If we did all this then we might be able to start comparing domains to other industries.
Selling domains at moderate retail prices is the best way to gauge the overall strength of a particular domain niche(IMO). For example, if I sell drone or vr names in the aftermarket that’s great, but I know I’m selling to the domaining crowd and selling into speculation. Niche speculation isn’t confirmed until I start seeing numerous examples of these names being bought on platforms geared to the end users.
I can take the data in my opening paragraph and have reasonable confidence that the crypto/coin space is going somewhere based on the spike in retail sales. Maybe it’s just short term, but there’s definitely momentum in the niche.
Another thing to consider is the way we bandy about the term “investor”. I think we need to make a distinction between “seller” and “investor”. Not that we can’t be both, but if your names don’t sell for minimum wholesale prices, then more than likely they should be classified as product inventory, rather than an asset class of an investor. There’s nothing wrong with being a seller and carrying inventory, I categorize most of my portfolio as product.
Making the distinction between product and investment might help you sell more names as you will learn to set prices accordingly. The thing with investment domains is that you don’t need to sell them. You can carry them as long as you want because they have value as an asset that should/could appreciate. You will normally be able to get a decent price for them as long as your not trying to make bail, or if the timing is right you could score a big payday.
So to sum in all up, selling domains and investing in domains are two different things. Making this distinction can be helpful. Jeff, I’m not picking on you, rather I thank you for giving me something to write about. I think it’s a bad idea to try and liquidate your 4500 domains to move into a completely different, risky, investment instrument that you admittedly don’t know much about. I think you should focus on the minimum $36K you’ve put into domains, sell some for reasonable retail prices, then take that money and experiment with crypto. Just an idea, good luck.
Domain of the day: Wuxe.com 4 letter pronounceable
- Main List NameJet Flippa/Sedo
- LLLL.com’s LLL, CCC, 5L Other LLLL’s
- Short Brandables Numbers One Worders Vape, Vegan, VR
- Snap Names/Dropcatch NamePros Godaddy Value BIN
- Available For Reg Fee
The No Bid List
AddMeaning.com Add meaning to something meaningless
BloodPill.com Use the blood pill to get out of work. Just bite the pill and start coughing up blood. Works every time
BrightRepair.com A brand for any fix it business, Bright makes in sound positive
BullStreak.com A stock or trading analysis site
CareBasic.com basic home health care
CryptLine.com Secure communication
DangerGone.com A name for the safety industry
DiscreteMe.com A service that helps you cover your tracks
EndlessForce.com It goes on and on for ever
EvolveCity.com A site for making your community a better place
Insuracy.com A blend of insurance and agency
KidAgency.com Protection for kids
LaunchCurrency.com A name for up and coming crypto currency
MajorChain.com A big block chain
NeedAWitness.com Can I get a witness?
ParkYourVehicle.com Valet service, or a parking app that lets you pay on your phone instead using the meter
PeaceSquad.com A vigilante squad that keeps the peace
QuickAdoptions.com From what I hear adoptions take a lot of time and money. This company has the process streamlined
ReliableTrade.com Trade with confidence
RepManaged.com A reputations service
RescueMaster.com Knows everything there is to know about rescue
RunHeart.com Run to keep your heart healthy
SkillLocal.com When you need to find a certain skill set close to home
SmartNavigate.com A GPS system that’s better than the rest
SrGuy.com A site for older males
SurePaw.com A dog clinic
TokensPortal.com The door for Token sales
UpStamina.com keep going hard with up stamina, the new energy bar
WiseHiker.com Tips and gear for hiking
Your LLLL.coms of The Day
LLL’s, CCC’s, 5L’s
MORE Short Brand Dot Coms HERE
Have a name at auction and need more exposure? Send me an email. We Charge $10 per name per day. We may be able to help. If you have an auction you want to promote, email us for details.*All names chosen by us, Shane and Josh . (ie you click through and purchase a name you like) or an occasional paid listing. Everything we say is based on our own research or is opinion. Do your own due diligence. That means look it up yourself if you don’t think the stats or our opinion is correct. We hand choose the names but we are paid to make this list by both the auction houses, individuals that are auctioning names, and Godaddy affiliate links. Keep that in mind and only buy names that YOU think are good