Has it burst or do we take it higher?

ajf7688

Member
Country flag
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
  1. You have this domain, since you're not using it let me use it
  2. You have this domain, what are your plans for the domain, I have plans so can u sell it for xxx(Low price)
  3. Bhai! Mere paas paisa nahi (Brother I have no money), can I get the domain for Rs.1000(~$15) (Yes this happens a lot)
  4. I am a student, can I get this domain for my personal use
To all the above 4 types of callers my response is as standard as it has been for years, "I have plans for the domain that's why I purchased it and the price is xxx if you want to acquire it".
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.
Apart from the suggestions above, I do feel how the market is directed is in our hands, we need to come together and make the market. Would like to know your thoughts.

Thanks
Antonio
 
Last edited:

Ace

Well-Known Member
The callers are end-users and usually start of conversations with
  1. You have this domain, since you're not using it let me use it
  2. You have this domain, what are your plans for the domain, I have plans so can u sell it for xxx(Low price)
  3. Bhai! Mere paas paisa nahi (Brother I have no money), can I get the domain for Rs.1000(~$15) (Yes this happens a lot)
  4. I am a student, can I get this domain for my personal use

No matter what the point you mentioned above is from 1..4, think like a capitalist. You are here to make money. 1,3 and 4 are all bull-shit , don't fall for it. For example if some person claims that they are a student why the hell do they need a premium domain? I have see so many emails like this. People offering $5 for a premium domain. Just ignore and move on. Not worth your time & effort.


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?

What you were selling ~$400-$500 per domain an year ago is in the ballpark. In the recent months the prices of domains have increased especially NNN & LLL.

Here are the end-user prices for
NNN: $1,000
LLL: $1,500

Obviously, one is free to ask based on your personal financial situation. Almost everyone is guilty of underselling at some point to make way for coming up renewals or other financial needs.

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.
Apart from the suggestions above, I do feel how the market is directed is in our hands, we need to come together and make the market. Would like to know your thoughts.

Thanks
Antonio

Every domain is different, in case you have an inquiry, but I would suggest taking suggestion from others so that you can get a second opinion and counter inquiries with an educated response. Also what I have learnt in all these years is that folks in India do have money, but haven't realised the value of good domains. So we need to increase awareness about domain values by looking at recent sales of similar domains.

You can visit the link in my signature for a list of .in sales
 

ajf7688

Member
Country flag
Every domain is different, in case you have an inquiry, but I would suggest taking suggestion from others so that you can get a second opinion and counter inquiries with an educated response. Also what I have learnt in all these years is that folks in India do have money, but haven't realised the value of good domains. So we need to increase awareness about domain values by looking at recent sales of similar domains.

This is correct, The value of good domains aren't realized yet, the feeling I get while negotiating, is the buyer looks at the domain as an immediate expense rather than an investment in a brand for the future.

Also as you have mentioned, Every domain is different and should be treated differently, So regardless of how we set our prices(value of the domain), I feel we should get the prices out there (Exclusive Marketplace? Just saying! Not sure if this is allowed for .in) so that buyers can be directed and guided towards a sale. Rather than buyers looking at us as an unorganized and unpriced market which can lead to underselling and undervaluing the market as a whole.
 

LLL.in King

Well-Known Member
Country flag
@ajf7688- When they call you, i hope you take some time to EXPLAIN the value of the name? Whether its efective or not, we have to keep explaining value to the multitudes in INdia who obviously target good domains not knowing what they are going after.

@Ace- nice commments!

At the end of the day, end user prices not meeting reasonable expectations means that the market has not matured. Do not be that guy who gets filled with pity and sells his whole portfolio for $100-$500 each name. when the market matures you will realize how foolish you have been. have you gone through the completed sales thread from beginning? u will get depressed and see how shortsighted so many have been. hold tight and play hard. Thats the only way we win.good luck.
 

Kokoro

Member
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

Something is strange here. Your name suggests that you are not an Indian and international calls are expensive. Do you provide your number on your domains ?

I receive maybe 1 call per 100 inquiries but my number is visible only in domain whois and most of the domains have contact form available.

I think the lowball offers is something we have to get used to. I have once received a $2 offer, so that Rs.1000 is still not that bad offer. ;)
 

ajf7688

Member
Country flag
Something is strange here. Your name suggests that you are not an Indian and international calls are expensive. Do you provide your number on your domains ?

Dude, please get updated! You're trying to make money in an Indian market and you don't know about our diverse culture? The only thing that's strange is your limited knowledge.

I'm from Goa (https://en.wikipedia.org/wiki/Goa), and a proud Indian too :)
 

ajf7688

Member
Country flag
When they call you, i hope you take some time to EXPLAIN the value of the name? Whether its efective or not, we have to keep explaining value to the multitudes in INdia who obviously target good domains not knowing what they are going after.

I do try and explain, people usually get upset over the pricing and the fact that they can't have the domain. Again purchasing ability comes to mind here. Sometimes the buyer does call back in a few days and quotes a decent price.
 

Kokoro

Member
Dude, please get updated You're trying to make money in an Indian market and you don't know about our diverse culture? The only thing that's strange is your limited knowledge.

I'm from Goa (https://en.wikipedia.org/wiki/Goa), and a proud Indian too :)

Thanks for being so not nice to me. :) I only tried to be helpful and not to jab your pride. You implied so much about me that I even don't now where to start ... so I'll leave it as it is.

Thanks for the link too! I thought Goa is a moon of Saturn.
 
Similar threads
Thread starter Title Forum Replies Date
Prashant Sharan GoDaddy has now fixed domain listing glitch Registrars 0
Prashant Sharan Verisign now has a patent to show contextually-relevant domain names in SERPs Registrars 0
Prashant Sharan ExpiredDomains.net now has Sedo’s full inventory Registrars 1
Prashant Sharan CEO Stephan Ramoin talks about how the Gandi's tagline "No B.S." has defined the approach to business Resources 0
Prashant Sharan CentralNic H1 2020 revenue has surpassed $110 million Registrars 0
Prashant Sharan XYZ now has the .car/.cars/.auto auction Registrars 0
Prashant Sharan Future Media Architects sells fm.com and mr.com ; FMA has been asking asking $2.5M for FM.com and $1.25M for MR.com. Non-Indian Domains 0
Prashant Sharan This UDRP decision has made me dumbfounded Legal Issues and Dispute 0
Prashant Sharan Verisign now has a domain search ranking patent Registrars 0
Prashant Sharan Mike Mann and his company DomainMarket.com has dropped almost 50,000 domains Registrars 0
Prashant Sharan Donuts now has a phishing attack protection for all its registrants Registrars 0
Prashant Sharan Verisign has a IDN suggestion patent Registrars 0
Prashant Sharan DAN has its updated monthly stats out Registrars 0
Prashant Sharan Jason Sheppard has a midas touch when it comes to picking domain names Resources 0
Prashant Sharan Canada's .ca has a record month Non-Indian Domains 0
Prashant Sharan Chinese Domains: The Sino land has demand for English domains Non-Indian Domains 0
Prashant Sharan Internet now has 366 M domain names in Q1 2020 Non-Indian Domains 0
Prashant Sharan Runner up has been “Blocked from Bidding” in the GoDaddy Auctions Registrars 0
Prashant Sharan Holy Sh**T: Lifestyle.com has 2 Million GBP bid on Sedo Auctions 0
Prashant Sharan SabaMovie.com : This expired domain has 5M+ views Resources 0
Prashant Sharan NamesCon Europe has been postponed, virtual conference on cards Registrars 0
Prashant Sharan Podcast Alert !! : Eric Borgos on what has and what hasn't worked for him Resources 0
Prashant Sharan Afilias now has a patent for domain name bundle management Registrars 0
Prashant Sharan Verisign now has a IDN homograph detection patent Registrars 0
Prashant Sharan Rob Monster thinks that a worldwide bull run on domains has started Non-Indian Domains 0
Prashant Sharan Chinese Domains: China has 21 of the top 50 global sites when it comes to Alexa Rank Non-Indian Domains 0
Prashant Sharan Some more measures that domaining industry has taken to combat Coronavirus Registrars 0
Prashant Sharan Ada (.Support) has raised over $60m in funding New GTLDs 0
Prashant Sharan Ryan Colby’s crypto domain auction has Tokens.com Non-Indian Domains 0
Prashant Sharan Radix has $21M revenue in 2019 Registrars 0
Prashant Sharan BTI.com has the first position;ccTLDs & Non .Com gTLDs do well as well Resources 0
Prashant Sharan Dave Evanson's already has the two biggest blockbuster sales of 2020 Non-Indian Domains 0
Prashant Sharan Dynadot has some “Intriguing Industry Updates” Registrars 0
Prashant Sharan Airbridge Equity Partners now has a minority stake in dan.com; provides series A funding Registrars 0
Prashant Sharan DAN has a new financing tool for domains Resources 0
Prashant Sharan Nat Cohen: ISOC has a broken funding model Registrars 0
Prashant Sharan DOJ now has domains used for selling access to hacked personal info and account logins Legal Issues and Dispute 0
Prashant Sharan One of the most respected, Alan Dunn, has a new podcast at DomainStories.com Resources 0
Prashant Sharan GoDaddy now has a new logo Registrars 0
Prashant Sharan The recent UDRP decision for SteveJobs.com has its own flaws Legal Issues and Dispute 0
Prashant Sharan Podcast Alert !! : Who has a crystal ball Resources 0
Prashant Sharan The New York Times on how meaningless .ORG has become Resources 0
Prashant Sharan Google has a new .new big-name user : rapper Drake New GTLDs 0
Prashant Sharan NameSilo has revenues of $7.85 M and is gearing up with domain brokerage system Registrars 0
Prashant Sharan ICANN has its hands tied up in the dotOrg transaction Registrars 0
Prashant Sharan Namecheap now has Validation.com for id check Registrars 0
D GamePrize.com in auction. Reserve price has been met. External Auctions 0
Prashant Sharan You can register a .eu domain without being a EU resident but it has a catch Non-Indian Domains 0
Prashant Sharan Sedo now has "no appraisal requirement" on $50k+ domains Registrars 0
Prashant Sharan Scratch Foundation now has Scratch.org in settlement Legal Issues and Dispute 0

Similar threads

whois



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
26,869
Messages
73,837
Members
7,639
Latest member
rohanarya2612
Top Bottom