Summer Doldrums & Winter Blues (6.Viewing)

MapleDots said:

That was a totally different situation, I was just gauging godaddy traffic.

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I just checked and you have a $1,000 minimum offer on your premium domains like Pure.ca and Red.ca.

I guess since you "considered the number carefully but it also leaves an opening for the rare situation that a large corporation comes calling" then you would seriously consider selling those domains for $1,000?

DomainRecap said:

I just checked and you have a $1,000 minimum offer on your premium domains like Pure.ca and Red.ca.

I guess since you "considered the number carefully but it also leaves an opening for the rare situation that a large corporation comes calling" then you would seriously consider selling those domains for $1,000?

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I have nothing at GoDaddy, someone else listed those. Funny thing is GoDaddy keeps emailing me that pure.ca is now available for purchase.

I removed everything from GoDaddy, afternic, Dan and auction quite a while back.

If any of my domains are on GoDaddy it's not my doing, I deleted everything I was able to.

I think he’s referring to your minimum offer on your own landing page.

theinvestor said:

I think he’s referring to your minimum offer on your own landing page.

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Each lander has its distinct price, the inquiry form which is used for all domains has a 1k minimum.
That is only because the form is used everywhere, the sales landers specifies the minimum offers or the selling price.

After years of thinking about listing domains, I don't think there is any perfect way, only things to consider. You can use make offer, min offer, BIN, min offer + BIN, or just a BIN.

For example, if you list a domain at BIN and honor it, you will never get more than that. If you specify a min offer, you may never see any lower offers that you may consider accepting if your needs have changed in the meantime. If you just leave it open to make offer, you will get $10 and $50 offers that waste your time. So it is all about tradeoffs.

I don't think there is any perfect way of listing that will make someone pay MORE than they are willing to pay. People are either going to buy your domain or not at the max price they are willing to pay. Sometimes through engagement you can educate/convince them to lift their offer, or given enough time and reflection a buyer may decide the domain is worth more to them. One thing I'll say though, is when I do list at BIN, or reply to an offer with a BIN, and they agree, it is very satisfying and refreshing, as that is less common from my experience. What is more common for me is buyers who hesitate when the asking price is only a few hundred to $1000 above what they wanted to pay.

Personally I use all of the above methods for listing my domains, as that suits me right now. If I had to choose only one way, I'd probably list everything at a min offer of $500 to $1000. I do not like just leaving everything at 'make offer' anymore, due to the lowballers and time wasters.

I am officially quitting the domain sales racket for a while and will be auto-deleting any offers I get for at least a month. This also may be the straw that broke the GoDaddy's back and I will be using this time to investigate setting up my own landers

Why? Because I just sold a domain at GD that had been using GD/DAN nameservers for FOUR STRAIGHT YEARS, but when I actually accepted the offer and transferred the domain, it had just recently expired. Naturally, the automated GD system uses that date to assign the hidden 25% commission rate and then jacks you for an extra 10%.

If the 25% commission rate was shown anywhere on the transaction record, I could have easily renewed and saved a nice chunk of change. I remember bringing this exact issue up to @jamesiles prior to implementation of the split rate, that users need to know the commission rate before accepting an offer, but obviously that recommendation fell on deaf ears.

So after using the GD/DAN nameservers on that domain for 4 straight years, driving traffic to the site and bringing in lots of leads, but letting a domain temporarily lapse before the offer was accepted, I get whacked with an inflated 25% commission rate. Wow, those 4 years of feeding traffic to GD sure paid off huh? It may be technologically correct for that exact point in time, but it's certainly not ethically correct by any stretch of the imagination.

thanks for the warning, I often let some domains go into the expiry period before renewing.

In your case, if you had renewed the domain before accepting the offer, would the 15% commission have applied?

domains said:

In your case, if you had renewed the domain before accepting the offer, would the 15% commission have applied?

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No idea, and that's the problem. There is absolutely no indication on GD what your commission rate is going to be on a given transaction.

And it's not even just renewing a domain or making sure it's working, what if a registrar has a DNS issue (like WHC did recently) and GD decides to run their check then? You could do everything right and due a DNS outage or issue, your transaction would be set at 25% and you would only find out when the payment is sent.

On Sedo the commission is right on the transaction, at Afternic you have easy access to a broker, and even at Dan, you can see on the invoice what your commission is and potentially get an error fixed before payment - or you could just ask one of the brokers. Dan also warns you to check to make sure your nameservers are working before the invoice is produced.

At GD, you have no idea what the commission has been set at, there is no chat or line of communications, and at best, you'd need to email auction support and maybe get a reply in a week's time. Maybe.

If I had known the commission on this GD sale was going to be 25% then I would have a better idea on whether to accept the offer or not, or I might want to increase it to make up for the +10%. Or just refuse it, and then start over. After all, 10% can be a significant amount on a nice sale, and not knowing (and not being able to easily find out) what the commission is at GD is a real bitch.

I swear, even when it looks like good news (a sale) it turns out to be bad news (a 25% commission) for me again, and I really need a break from this crap, even if it means $0 in May.

And my week just keeps getting better and better and better...

My latest 'offer' on Dan and please note the buyer's oh-so appropriate acronym - why do my listings seem to attract lunatics?

My Canada






His Canada

Welcome to the official Summer Doldrums, from mid-July to the end of August, where the majority of business decision makers are taking holidays to/on their various cottages, boats/yachts and summer resorts, resulting in a literal dead zone for domain sales.

Hope everyone is stocked up for cash to hold you over, or otherwise, fully stocked up on KD.

Sometimes there is still a surprise sale or two in the summer doldrums, you never know!

domains said:

Sometimes there is still a surprise sale or two in the summer doldrums, you never know!

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Of course, but I don't go into the late summer expecting anything.

Ditto ditto ditto

At least summer is almost over.

Well inquiries picked up in the last month, 3 through Afternic and 1 through my own sales page, all .ca's. Three of them were 4L or 5L domains, the other was a bitcoin related domain.

Most of my domains have min offers of $900 or higher, I wonder what I'd get if it was set to 0, though I see from posts on here that people just ignore it and lowball anyway.

Don't use low offer amounts or that is all you shall receive.

I am actually thinking of increasing mine from $1.5K to $3K just to keep out the hobos.

It seems like on some forms they just put in the min offer to get a conversation going, and lowball after or in the comments. though that has only happened to me one time I think.

domains said:

It seems like on some forms they just put in the min offer to get a conversation going, and lowball after or in the comments. though that has only happened to me one time I think.

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I've had that happen twice so far, and you get a LOT less of those idiots when you crank the min bid $2K or so.

Put your min bid to a few hundred bucks and they're on you like rats.

DomainRecap said:

I am actually thinking of increasing mine from $1.5K to $3K just to keep out the hobos.

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That sounds like a plan. Had 2 inquiries yesterday with both from Afternic and both for $100. One was a 2 word .ca and the other was a well known 3L. Also .ca.

Are you using Afternic/DAN landing pages or did you make a switch?