Share your recent .ca offers/inquiries (1 Viewing)

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DomainMedia.ca
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It's weird, most of my inquiries usually come in while I'm out of town or on the road to somewhere, instead of the times when I'm at home or in the office when it's easier to act on them and do some research before replying.

Went to the US in December for 3 days and had 3 .ca offers come in on Dan, after almost dead quiet for months.

Might as well share the details:

homespace - offered up to $1000 and disappeared, I didn't think that was enough
mybff - went from $500 to $1000 which I accepted, then the guy disappeared
mylogo - person offered up to $575 then went quiet

when you factor in a 15% commission on small figures like this, plus the taxes, it doesn't leave much! I'm really hesitant to sell anything decent under $1000 US nowadays, all it's giving is a few hundred dollars to put to renewals.

Had another inquiry come in this morning on my own lander, will share details if that pans out to something.
 

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I think 10k is a good amount for that one...

I agree with that, especially as the numbers are so close.

That he won't move from $10K to 12.5K makes me wonder if the buyer is serious.
 
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I'm really hesitant to sell anything decent under $1000 US nowadays, all it's giving is a few hundred dollars to put to renewals.

I was actually mulling over the same thing today.

I finally got paid for a quartet of sales this week and even though I'm flush, I was renewing domains tonight and thinking... "Hell, even at $10.99 each, that's 8 domain renewals for $100 with tax". I keep my books in order, but you really need to keep stuff like this in mind if you're looking to make money.

So although a $1K sale looks good, after you deduct the commission., then what it cost you in acquisition + renewal/carrying costs, then renew a few domains and you don't have much left. Unless you're very careful, the domain business can quickly devolve into a hand-to-mouth situation.

I've said it before, but in this game, the numbers can absolutely bury you.
 

rlm

Bonfire.ca
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I agree with that, especially as the numbers are so close.

That he won't move from $10K to 12.5K makes me wonder if the buyer is serious.
You'd think that, but I've missed lots of sales just like that. I say my bottom line is $XXXXX and the buyer offers 90% of that, but neither of us budges and thats it, no sale ever happens.
 

rlm

Bonfire.ca
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I was actually mulling over the same thing today.

I finally got paid for a quartet of sales this week and even though I'm flush, I was renewing domains tonight and thinking... "Hell, even at $10.99 each, that's 8 domain renewals for $100 with tax". I keep my books in order, but you really need to keep stuff like this in mind if you're looking to make money.

So although a $1K sale looks good, after you deduct the commission., then what it cost you in acquisition + renewal/carrying costs, then renew a few domains and you don't have much left. Unless you're very careful, the domain business can quickly devolve into a hand-to-mouth situation.

I've said it before, but in this game, the numbers can absolutely bury you.
If you have 100 domains, its $1100 to renew. STR @ 1% means you're breaking even at best on a $1K USD sale. And that doesn't even take into account your purchase price. You might as well be on a hamster wheel.. Or digging your own grave. Then again, sometimes people need to pay for those renewals to live another day.
 

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If you have 100 domains, its $1100 to renew. STR @ 1% means you're breaking even at best on a $1K USD sale. And that doesn't even take into account your purchase price. You might as well be on a hamster wheel.. Or digging your own grave.

Well said and I personally loved the "hamster wheel" and "digging your own grave" analogies - it's perfect for the domain industry.
 

rlm

Bonfire.ca
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Well said and I personally loved the "hamster wheel" and "digging your own grave" analogies - it's perfect for the domain industry.

its almost as if I was channelling you when I wrote that!
 

theinvestor

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I think for the most part it is nearly impossible to rely on domain sales as a sole source of income. There are years I don’t break even but it doesn’t matter. If you have other sources of income that’s how you can keep doing it. Generally, any profit I do have gets reinvested.
 
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Along the same lines, I just love reading this kind of Twitter post:

Just made a domain sale!

Purchase Price: $145
Hold Time 1.5 years

Sales Price: $250 - PURE PROFIT!!
 

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DomainMedia.ca
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I think for the most part it is nearly impossible to rely on domain sales as a sole source of income. There are years I don’t break even but it doesn’t matter. If you have other sources of income that’s how you can keep doing it. Generally, any profit I do have gets reinvested.

Same for me, in general you always know one sale can make a big difference, and good domains should become more valuable over time. I'm ok with being around the break even zone some years, but realistically I'd be happy with covering costs and making enough extra to cover other bills, debts, a vacation, etc.
 
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While I agree that duplicating a full-time salary from domain investment is extremely difficult, and virtually impossible in a TLD like .CA that is so limited in terms of geography and population, I am still not ever going to accept losing money or even breaking even doing it.

If I'm not creating a solid profit (after domain expenditures and renewals) on an annual basis, then it's a hobby and I have enough expensive hobbies.