Slow Sales This Month? (1.Viewing)

I saw Tony post this on Twitter and it mirrors my experiences from mid-March to now - and that's after a very nice January and February. Anyone else?

All I can say is I've ignored 11 offers under $1000 so far this Month and have only had one solid hit on a Maple Domain which should be closing soon.

It has been many months of dry spell for me, very few inquiries and all under $1000, so no real excitement in quite a while.

My most recent offer on Dan was $750 US a couple of weeks ago, I countered at $1500 and crickets.

In December I had three offers come in on Dan within hours, all different IP's, on three different domains. All under $1000 and no willingness to come up in negotiating. Didn't close any of those.

In the last year or so any action I get seems to come in small bunches and not very often.

So I figure I'm due for something great any time now

I probably have most of my domains on Dan with a min offer of $699 or higher so that keeps out the real lowballers. But I also point some of my domains to my own page with no min offer, and still don't hear much from those either.

domains said:

My most recent offer on Dan was $750 US a couple of weeks ago, I countered at $1500 and crickets.

In December I had three offers come in on Dan within hours, all different IP's, on three different domains. All under $1000 and no willingness to come up in negotiating. Didn't close any of those.

In the last year or so any action I get seems to come in small bunches and not very often.

So I figure I'm due for something great any time now

I probably have most of my domains on Dan with a min offer of $699 or higher so that keeps out the real lowballers. But I also point some of my domains to my own page with no min offer, and still don't hear much from those either.

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Been slow on sales here too, but still good inquiries coming in. I tend to quote high, and there are a handful that are still mulling 5-fig deals. The rest are (as always) thinking they can get one-word domains for $100 to $1000, so they tend to ghost when I quote a price. But I also find that many ghost even if I say make an offer. Maybe it's a domainer trying to figure out who owns the domain or is fishing for pricing info because they have a similar domain.

But this is where having sold many on payment plans pays off, always a bunch of payments coming in each month. One was sold on a trade+cash deal, $25K + a nice one-word .ca domain. The payment plan was designed with a balloon payment after 2 years and now that it is coming due this summer, they're sending me $1K+ random payments multiple times a month in order to pay it off before the balloon is due.

While some will refuse a payment plan on some bizarre principle, others are genuinely appreciative to get a great domain for an affordable monthly price. And when you consider all the never ending monthly business expenses that a business has, versus a finite number of payments into an asset investment, it seems like a pretty easy decision to go with a payment plan rather than a chunk of cash up front. It's like wanting to own your own great office space, rather than renting shitty office space. And at a tiny fraction of the cost of real estate. That is actually a great analogy and I think I'll use it in the future.

Some sellers may worry about the sale not completing, but I've only ever had one not complete the sale, and I was giving a teenager a deal on a domain I didn't care about anyways, and he stopped making the $50/mo payments. The weird thing is he put up a really professional looking website and I was quite impressed.

And if they do make any payments and you end up keeping the domain, that's another bonus in my book.

The only negative I see is making sure you do your homework and that their use is not infringing on any trademarks, and that you have that ability to shut them down if they do.

For a while now I'm thinking the economy must be weighing on domain market activity overall. All the cost pressures today on a business and also having to find money for a domain. There are calls for some kind of recession in 2023, or maybe we're already in it. Despite all that, tech and online business is still advancing and the need for a good domain is always there. One of the great things about domain investing is that things can change in a minute when that new offer shows up in your inbox.