Cantilever.com switches to Rack.ca (2.Viewing)

MapleDots said:

Kevin from Rack.ca is a domainer himself and he was into .ca's (still is) in a big way a while back so when he was in the midst of things .ca's were still quite reasonably priced.

I will not mention the size of his catalogue but lets just say it is substantial, if he wants to share more he will do so.

I think a lot of you have probably had contact with him because you cannot own that many domains and not be fairly well know.

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It's quite intriguing to see Kevin from Rack.ca express concerns about the high prices of .ca domains limiting access to short, brandable options, given his extensive involvement in the domain market. This stance appears somewhat contradictory, especially considering how highly he values his acquisition of rack.ca for his business.

Curious, though: why would the previous owner part with such a valuable domain like rack.ca at such a low price?

Edit: I asked ChatGPT to assess an appropriate price based on past .ca domain sales. Here is its response: "Therefore, a reasonable estimation for 'rack.ca' might be in the range of $15,000 to $30,000..."

SharpCanadian said:

It's quite intriguing to see Kevin from Rack.ca express concerns about the high prices of .ca domains limiting access to short, brandable options, given his extensive involvement in the domain market. This stance appears somewhat contradictory, especially considering how highly he values his acquisition of rack.ca for his business.

Curious, though: why would the previous owner part with such a valuable domain like rack.ca at such a low price?

Edit: I asked ChatGPT to assess an appropriate price based on past .ca domain sales. Here is its response: "Therefore, a reasonable estimation for 'rack.ca' might be in the range of $15,000 to $30,000..."

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Access to comparable sales data can leave some sellers not understanding the potential value of a domain. Or maybe they do understand the potential but don't have the time to wait for the perfect sale, so they take the bird-in-hand. Or maybe just a bad negotiator. Or maybe they had a better investment opportunity so it was quick trade up. But considering the lack of liquidity in .CA domains as well as people's varying financial situations, you can never really be too critical of the selling price of any one domain - ya never know what all the factors are.

In fact, I frequently find that a buyer very financially capable of making a purchase just won't do it out of stubbornness. Billion dollar corporations refuse to pay $20K for their .CA matching domain name, yet an up-and-comer Canadian based business will pay $100K for a lessor domain! It doesn't always make sense, that's for sure.

SharpCanadian said:

Curious, though: why would the previous owner part with such a valuable domain like rack.ca at such a low price?

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We see even better domains drop in TBR for various reasons and if I were to bet I would say it's mostly due to email changes, especially when jack@corporation.com registers in his name and is then fired. The company may forward the email a few months and then decommission it. After that no renewal notice and bam, the domain expires.

As far as selling it cheap... not everyone knows the value of a $12 domain registration, if you give them a few hundred bucks they think they hit pay dirt compared to what they paid.

Welcome aboard

MapleDots said:

We see even better domains drop in TBR for various reasons and if I were to bet I would say it's mostly due to email changes, especially when jack@corporation.com registers in his name and is then fired. The company may forward the email a few months and then decommission it. After that no renewal notice and bam, the domain expires.

As far as selling it cheap... not everyone knows the value of a $12 domain registration, if you give them a few hundred bucks they think they hit pay dirt compared to what they paid.

Welcome aboard

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Wow, that is wild that such things happen!

Thanks.