ajf7688
Member
Hi fellow inforumers,
Recently, I have been receiving 3 to 5 calls a week asking me regarding domains I own. The callers are end-users and usually start of conversations with
I do not play the what is your initial offer jazz, For the simple reason I know why I acquired a name and I focus on markets I know, hence I know its value.
I made a domain sale for Rs. 26K(~$400) last week and its my first sale in more than a year, I was selling domains regularly at that average price more than a year ago. I even used to come down to 50 - 60% of my calculated pricing for Indian end-users(local business and startups).
I would like to know cases of calls received from others on this forum and what are your thoughts?
Secondly, How do we improve the .in ecosystem towards profitability? Domaining should be fun at the same time we should see the industry at a high!
I do have a few suggestions below
Thanks
Antonio
Recently, I have been receiving 3 to 5 calls a week asking me regarding domains I own. The callers are end-users and usually start of conversations with
- You have this domain, since you're not using it let me use it
- You have this domain, what are your plans for the domain, I have plans so can u sell it for xxx(Low price)
- Bhai! Mere paas paisa nahi (Brother I have no money), can I get the domain for Rs.1000(~$15) (Yes this happens a lot)
- I am a student, can I get this domain for my personal use
I do not play the what is your initial offer jazz, For the simple reason I know why I acquired a name and I focus on markets I know, hence I know its value.
I made a domain sale for Rs. 26K(~$400) last week and its my first sale in more than a year, I was selling domains regularly at that average price more than a year ago. I even used to come down to 50 - 60% of my calculated pricing for Indian end-users(local business and startups).
I would like to know cases of calls received from others on this forum and what are your thoughts?
Secondly, How do we improve the .in ecosystem towards profitability? Domaining should be fun at the same time we should see the industry at a high!
I do have a few suggestions below
- Should we come up with factors that can lead us to calculate min-offer pricing, I feel this would help both seller and buyer, as right now sellers are looking at their domains as random lottery tickets, Buyer are looking for best pricing, I say lets give the buyers that best price and stick to it
- As a community focus should be more on end-user sales rather than reselling to each other at 10% - 20% of the calculated price, Ive sold a lot of portfolios(bulk and at 20% of my pricing) and I don't intent to continue .in domaining if its leading me that way. When I sell domain portfolios I get PMs from older domainers telling me to hold out and not sell but wait. Truth is I'm ok with waiting but as a community what are we doing to promote what we have here?
- Buyer ability to purchase should not be a factor to judge pricing, but we can still reduce pricing during negotiations. Some times its not easy to calculate a price, when a buyer does approach and we tag a price of say $2000 for a domain, and the buyer makes an offer of $1000, I think it's legitimate. as our pricing can be off too, Point is buyer ability to purchase could factor at this point
- Tips on buying .in domains should be shared. for eg. Rather than buying 10 domains for Rs. 500 (~$10) each, I buy one good domain for Rs.5000, This has worked for me when it comes to .com/.me, another thing that has worked for me in .com is buying new 3 letter .com domains at ~$10.
Thanks
Antonio
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