Lots of inquiries, no serious offers

Discussion in 'General Indian Domain Name Discussion' started by Jeff, Jul 1, 2017.

  1. Jeff
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    Jeff Canada Administrator Staff Member

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    So I'm looking at the stats for a one-word .in domain I own. I've owned it since November 2015. Since then, I have received **55** inquiries as to price, but not a single serious offer. This is unfortunately typical of most of my .in domains. I'm really struggling to understand. My .com domains don't get that many offers, yet they sell. This is obviously a popular term, otherwise I wouldn't have received so much interest in it. Yet no one is willing to pay more than a bit above reg fee. I could get a higher price on the forum here than from the end users...
     
  2. JackD

    JackD United States Active Member

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    Sometimes it is extremely hard to understand what makes a name draw so much interest by no offers. I have a couple of domains that draw very high traffic but seemingly no interest from buyers. The only thing I can say by the one word .in domain is that until the internet explosion happens, and I believe that it will happen soon, .in domains do not seem to be at the top of anyone's list. So like any good investor, I'm stocking up now for the gold rush to being. Just hope it doesn't take it too long to get here, I don't want to die of old age first.
     
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  3. wot

    wot Thailand Well-Known Member

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    Frustrating business. Having been lucky in making quite a few dollars in the early days of .in / .co.in release in 2005 I have subsequently been culling and selling off on a regular basis almost since then. I have only a few "good" names left as I had also waited & waited for the .in revolution to fly high but that has not happened and not much changing to make me think otherwise.
    Played with IDN during the same period with much the same result.
    Invested a little in ngtld and made a good profit but thinking in general they are an asset not worth being saddled with.
    The enquiries I get on my remaining .in/.co.in are invariably from what seems to be the same few people via Sedo, a couple from India and America with low ball offers and no responses.
    Made my first sale of a Glyph .com which has covered my initial outlay and put me in a good profit, maybe that's the big new thing!
    Until the next one. o_O
     
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  4. JackD

    JackD United States Active Member

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    Ok, I guess maybe my head has been stuck in the sand. What is a Glyph .com?
     
  5. wot

    wot Thailand Well-Known Member

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  6. JackD

    JackD United States Active Member

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    My head was stuck in the sand. Thanks!
     
  7. Aubits

    Aubits United States Active Member

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    That seems to be the general trend , except an occasional great sale (one private that I know off in low $ xx,xxx) . We know it works in other cctlds .co.uk, .ca, .de and so forth, so for many of us its only a matter of time that Indian business recognize the value of Great Category Killer domains. They haven't quite turned the corner on that it appears. There could be many reasons...primarily I am looking for competition to increase on Google Adwords as an indicator among other things. They need to recognize that it costs money for customer acquisition online and Generic Lead Gen type Domain Names are vital for cost reduction and long term organic growth, not to mention Authority that those domains bring. We haven't hit the hyper competitive phase in Online or ecommerce yet in India..
     
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  8. Jeff
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    Jeff Canada Administrator Staff Member

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    Excellent idea for an indicator.
     
  9. Aubits

    Aubits United States Active Member

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    I also own several 2 word and a few 1 word ,com domains for India in various niches like jobs, real estate. Demand for those have been non existent as well. So, to me its not just an .in issue.

    Right now businesses are getting their brand names..not generic keywords. Its a natural next step of progression

    There is a ton of keyword search that comes from India to websites. So keywords are important

    http://economictimes.indiatimes.com...ues-at-rs-5904-crore/articleshow/55798244.cms

    Google Adwords revenue in India is around 1 billion, compare that to 29 Billion roughly here in the US . There is a lot of room to grow in India and those billions ad up, there is going to be interest in domain names
     
    Last edited: Jul 3, 2017
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  10. Ace

    Ace United States Well-Known Member

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    Have been receiving more inquiries lately, but unfortunately being offered only reseller prices !!!
     
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  11. LLL.in King

    LLL.in King United States Well-Known Member

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    @Jeff I understand your predicament. Many of us have been holding/waiting/anticipating the explosion for many years now. Buuut all isnt lost yet, and the domain biz has examples of categories of names that needed at least 10-20 years before they "matured". Best example is LLL.coms.
    So whats my main point? Those who wait for .in(and the costs of doing so compared to the gains will be low)will surely get their due profits. And, .in could shoot up considerably in value at any moment(just like a sale too).
    Also, since we are indirectly referring to the signs that .in hasnt matured yet, we are probably better off taking good/ok profits off potential end user sales rather than overpricing our names and making no sales.....for now.
     
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  12. owl

    owl Canada Active Member

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    If you want sales to be easier and more robust @Jeff you have to set Buy-It-Now (BIN) prices.
     
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  13. Jeff
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    Jeff Canada Administrator Staff Member

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    I used to have BIN prices on my .in domains, and didn't find it all that helpful. That being said, at this point, I don't think there's much to lose to try it out again, so will do. Thanks for the suggestion.
     
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  14. owl

    owl Canada Active Member

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    I've found rounded numbers works much better for sales and inquiries.

    For instance $5,000 instead of $4,999.

     
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  15. domainpundit

    domainpundit United Kingdom Active Member

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    "Spot On" this is so true.. India was not having the internet infrastructure earlier hence it was slow.. Now infrastrucutre is ready. things are changing fast, adoption of .IN will from here onwards will be much faster. Please note its a gradual process.. kindly note 95 of the top 500 alexa India websites are using .IN extension. thats a huge progress compare to where .IN was around 2010. Lot more stats are in favour of .IN , explosion of .IN extension bound to happen around 2020. it will only move upwards.

    Read this one
    http://our.in/alexa-top-500-india-websites/
     
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  16. JackD

    JackD United States Active Member

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    I hope you are right. Otherwise I might be stuck with a lot of names not worth much more than a reg fee.
     
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  17. oneventures

    oneventures Denmark Active Member

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    Experiencing the same. Apart from one good .in sale - to a U.S. buyer...

    Also, non-payment from Indian buyers is still a problem for me. Is it still rather difficult for Indian companies to transfer funds abroad, or is that no longer a valid excuse?
     
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  18. Jeff
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    Jeff Canada Administrator Staff Member

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    Interesting that you say that, because I just did the opposite - LOL. Have you tested this out? I should probably set up a test myself and see.
     
  19. oneventures

    oneventures Denmark Active Member

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    I have a .co.in with a Buy It Now price of $10,000 and the option to make an offer. Recently, an Indian buyer made an offer of $20,000 for it. I generously accepted. Needless to say, he never paid ;)
     
  20. Jeff
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    Jeff Canada Administrator Staff Member

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    I've had several cases like that. My guess is that they think they are offering Rupees and not Dollars.
     
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