Afterthoughts once a domain is sold (1 Viewing)

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Do you ever check on the status of the domains that you’ve previously sold? Let’s say you found out that:

a. the buyer is a reseller
- Do you feel bad that the other person has put it back in the market for 10-20x the selling price?

b. the buyer is a large company
- Do you feel like you could’ve gotten more from them and now regret pricing it low?

c. the domain has not been developed
- Do you wait for it to drop so you could backorder it again?

I’ve never sold a domain before so I’d like to hear your thoughts and experiences on this one. Thanks! 😀
 

jaydub

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A..no Even if I see it sell for more I don't feel bad as I had the name and didn’t find the customer so if they got lucky or are better at marketing the name so be it. Maybe I need to step up my game.
B…sometimes but again that is on me for not digging a little deeper before proceeding.
C…i have done this several times
 

MapleDots

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Do you ever check on the status of the domains that you’ve previously sold? Let’s say you found out that:

a. the buyer is a reseller
- Do you feel bad that the other person has put it back in the market for 10-20x the selling price?

b. the buyer is a large company
- Do you feel like you could’ve gotten more from them and now regret pricing it low?

c. the domain has not been developed
- Do you wait for it to drop so you could backorder it again?

I’ve never sold a domain before so I’d like to hear your thoughts and experiences on this one. Thanks! 😀

I tend to know my end users because I use the form mapledots.ca/inquiry before I sell any valuable domains.

I don't care about anything I sell under 10k but if I quote a domain over that then I want to know the end user.
If the person does not want to disclose I simply ignore the request until the form is filled out.
 

domains

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I always like to see what the domain is used for after I sell it. Sometimes it's obvious, sometimes I have to wait and see. Always try to find out who your potential buyer is before agreeing to a price, if you can. I don't think I've ever left any life changing money on the table from underselling, but you have to expect it's possible. I don't think I've sold too many domains to resellers, usually if I have they've marked it up much less than 10x. Over the years I've been able to pick up a small number of domains I've sold, usually .ca's through TBR, but I don't go looking for them specifically, I see they are available again. I think once you've agreed to a sale and concluded it, there is no sense dwelling on it or regretting too much. Learn from it if there were any mistakes and keep moving forward to the next thing.

Funny that these questions you ask have been asked by domainers for the last 20 years in forums, it's something every domainer goes over in their head.

On a related topic, I've heard it said that the best deals are where both parties leave a little on the table, so with a domain sale maybe the seller feels they should have got a little more, and the buyer feels they paid a little bit higher of a price than they wanted to.
 

Lurker

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I think once you've agreed to a sale and concluded it, there is no sense dwelling on it or regretting too much.
Pretty much like financial investments (i.e. stocks, ETFs, crypto, etc.). After you bought it, don't think too much about it.

I guess the takeaway from everyone's response is to make a calculated risk by knowing the enduser, leaving something on the table, and moving forward despite mistakes.

Thanks for the advices @jaydub, @MapleDots and @domains. (y)
 
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domains

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Stocks are worse, because you know exactly what you 'lost' if the price goes up after you sell!

- in the 90's, I sold a mining stock for a small profit at $2000, within a month or so I could have sold it for $18,000 if I'd held on.

- in 2020, a private company I had invested $1000 in went public, price went up and I sold and probably made around $8,000 to $10,000. If I'd held the shares a few more months they would have been worth $64,000. doh!

Even if you find out later you sold a domain to a big buyer, you don't know how much more they would have been willing to pay, if anything. Even buyers with deep pockets you know could afford more without it making a difference to their bottom line, will still hold out and be 'stingy'.
 

Lurker

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the private company situation hurt most, because the shares were in my TFSA, lol. wouldn't have had to pay any taxes.
Ouch! I can only imagine the pang of remorse you must have felt. But on the positive side, a profit is still a profit no matter how small. It could have went the other way knowing the volatility of the market.

The good thing about domains is that it builds value over time. So the loss is not as drastic as a crashing stock market.
 

rlm

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No one plays their hand perfectly every time. So don't bury your head in the sand and just forget it. Instead, live and learn. That's the best you can do. There's always a lesson there somewhere. And sometimes its just circumstances. You haven't had a sale in along time and renewals are coming up? Well, sometimes you gotta make a sale. Even there is a lesson. If you make a big sale, go ahead and renew domains you KNOW you'll keep as long in the future as you can afford to. This way you won't be forced to make hard decisions on renewals or sales in the future.
 

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