TBR Drop - Feb 14, 2024 (3.Viewing)

  • Topic Starter Eby
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No one makes money in domains. That’s why we have dedicated forums and auctions held weekly with sales happening.

We are all here because we are addicted to buying domains and never selling them. We all have other forms of income which we use to keep up with our degenerate hobby of buying domains. 👍
 
Veterans ended at $2400 - its been a while since I've seen an auction go past 2PM.
 
domains said:
What would anyone do with Veterans?
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What would someone do with a lot of these names? Veterans certainly has a very limited market (and the term is losing all meaning in the New Canada), but I'm mostly concerned with the price.

If bought for investment, a $2400 sales price at a robust 2% annual STR, you'd need to sell it for $120,000 to break even, and that's not counting any type of taxation. :cautious:
 
Well, the gov't site is veterans.gc.ca... so I'm guessing veterans.ca has a decent amount of traffic. So just parked, this could pay for itself.
 
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DomainRecap said:
What would someone do with a lot of these names? Veterans certainly has a very limited market (and the term is losing all meaning in the New Canada), but I'm mostly concerned with the price.

If bought for investment, a $2400 sales price at a robust 2% annual STR, you'd need to sell it for $120,000 to break even, and that's not counting any type of taxation. :cautious:
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Vegan is a great domain to use in marketing and to put right on the product labeling. You target the vegan market, plus there are a lot of people who might not be vegan, but try to eat less meat in their diet for health reasons, so they also look for vegan options part of the time. I think we could see that sell for 5x or more of the price paid today.
 
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Congrats to the buyer (and the auction house ... ka-ching!) of Vegan.ca. Taking off my buyer broker hat and putting on my vegetarian hat, I have noticed a surprising shift in marketing the last few years away from "vegetarian" and "vegan" to "plant-based" so that may bode well for "plant" keyword domains down the road. My two cents.
 
theinvestor said:
No one makes money in domains. That’s why we have dedicated forums and auctions held weekly with sales happening.

We are all here because we are addicted to buying domains and never selling them. We all have other forms of income which we use to keep up with our degenerate hobby of buying domains. 👍
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Gee, does your long-winded comment mean that you actually believe 100% of domain investors are making a profit off of domain sales? :D😂🤣

I am NOT saying that no one is making sales or a profit but that NOT EVERYONE is. Clear? I mean it's pretty obvious that a select number of longtime .CA investors are making some serious coin, but that's not everyone.
 
MaiTaiMan said:
Congrats to the buyer (and the auction house ... ka-ching!) of Vegan.ca. Taking off my buyer broker hat and putting on my vegetarian hat, I have noticed a surprising shift in marketing the last few years away from "vegetarian" and "vegan" to "plant-based" so that may bode well for "plant" keyword domains down the road. My two cents.
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I hope you're right! ;)
 
theinvestor said:
We are all here because we are addicted to buying domains and never selling them. We all have other forms of income which we use to keep up with our degenerate hobby of buying domains. 👍
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There is some truth there and I'm guessing there is some sarcasm, but I find it's good to have a number of income sources if possible, so that if one or two are down, the others compensate.

  • one or more jobs
  • one or more businesses (sole or part owner)
  • stock market
  • domains
  • crypto
  • private investments (like on Frontfunder or StartEngine)
  • collectibles
  • rental / real estate

Right now domains are in the doghouse for me, but other things are compensating. There have been times when domains have been a big % of total annual income though, and everything goes through cycles.

Then you get years like late 2020, 2021 where it seems like almost everything is flying, if you were able to keep your job going then stocks, realestate, crypto, domains, collectibles, private investments were virtually all doing well or better as well.
 
theinvestor said:
We are all here because we are addicted to buying domains and never selling them. We all have other forms of income which we use to keep up with our degenerate hobby of buying domains. 👍
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Other words you could substitute for 'domains' above:

  • crypto
  • nfts
  • junior mining stocks
  • watches
  • star wars toys
  • hockey cards
  • matchbox cars

:ROFLMAO:
 
domains said:
Right now domains are in the doghouse for me, but other things are compensating. There have been times when domains have been a big % of total annual income though, and everything goes through cycles.
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Exactly and stating that everyone buying domains at auction are only using profits created from domain sales is disingenuous at best and outright lying at worst.

At least some of it is investment capital from other income sources and there's nothing wrong with that, assuming you're making smart choices.

After each TSE/TSX stock market crash I bought depressed banks stocks with savings, and did pretty well over the long term. I also remember when some of us in the office went in on Bre-X stock prior to the announcement on fraud findings - now that wasn't too smart, but it was more for fun anyway. :oops:
 
DomainRecap said:
Exactly and stating that everyone buying domains at auction are only using profits created from domain sales is disingenuous at best and outright lying at worst.

At least some of it is investment capital from other income sources and there's nothing wrong with that, assuming you're making smart choices.

After each TSE/TSX stock market crash I bought depressed banks stocks with savings, and did pretty well over the long term. I also remember when some of us in the office went in on Bre-X stock prior to the announcement on fraud findings - now that wasn't too smart, but it was more for fun anyway. :oops:
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I once bought Nortel on a dip... lol.
 
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for Bre-X, hopefully you at least got the share certificates for a keepsake!

I remember a story in the late 90's, a guy saying he'd bought lots of Nortel for a few dollars per share, and sold it all when it got into the $20's thinking he'd really scored big. Only then to watch it climb to over $100 per share. Sometimes when you think you have a big winner, there is still more to run, and you still hear those same stories today about other stocks. Maybe the idea is to always keep a chunk just in case something exceeds your expectations.

Over time you see it's like the song says, ... it's all the same, only the names have changed... :)
 
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domains said:
for Bre-X, hopefully you at least got the share certificates for a keepsake!

I remember a story in the late 90's, a guy saying he'd bought lots of Nortel for a few dollars per share, and sold it all when it got into the $20's thinking he'd really scored big. Only then to watch it climb to over $100 per share. Sometimes when you think you have a big winner, there is still more to run, and you still hear those same stories today about other stocks. Maybe the idea is to always keep a chunk just in case something exceeds your expectations.
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Nope, no share certificate (it was through a broker) and the rest of us didn't even get to claim the loss as a TSE exec was the frontman for the Bre-X Office Mutual Fund and had it in his name. That was running joke for a long while and I dragged it out at more than one Christmas party. :D

As for profiting on the run-up, the smart money cashes out equivalent to the initial investment so you're even, and then you plan a divestment strategy where you cash in XX% when the stock his $XX(X). If you get lucky you get rich and even if you don't, you are still way ahead of the game because nobody ever cashes in a hot stock at the absolute apex. There's always room to grow, but "how much" is the question.
 
rlm said:
Well it definitely happens, although big corporations can be some of the worst to deal with.

I've been the buyer, the seller or broker of a single .CA domain transaction that topped 6 figures, more times than I can count on my two hands. And I'm just one dude who didn't start until 2004, and it took me a couple years to really get into it. I can only imagine the sales I don't know about from the likes of the domainers who got in very early like Jason, Peter, Rick, Wayne, Ilze, Doug, Frank (not mapledots), Samer, etc...

I'm sure you're a great broker, but you are a buyer broker. So maybe raise your .CA expectations and you'll have more luck. It seems possible that your lower priced experiences with .CA have kinda pigeon-holed you into that mentality, thus making it impossible to have a good experience with .CA. As a broker, your personal feelings can have major influence on the buyer side. So be careful not to scuttle a big transaction by hinting at a preconceived value of the domain before you've had a chance to do the market analysis and find out the asking price. I wouldn't hint at any value until you have all the information. I'm sure you know all of that, but just a thought. It may just be that you've had so little .ca experience that there's just not enough data
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I’ve learned a lot in the .ca space over the last 20 or so years. What works for myself may not work for others. There is luck involved but there’s a lot of experience as well that plays a big factor. For instance; I’ve had a lot of trouble selling a .ca domain when the owner trying to buy it already owns the .com. Sure; they're interested but when they already own the .com you can’t push them too hard. It doesn’t mean they aren’t willing to pay but very hard to have a huge sale and especially one that surpasses the .com price.

I’ve also learned the time to ask for the most amount of money for your domain is when there is no alternative. The .com is taken and it’s not the same owner as .com inquiring for .ca.

I’ve had multiple six figures offers last year which I’ve declined. I’m working on two separate large deals this year which may or may not result in a large sale. I am committed in the future to post one of these large sales if everything falls properly into place within the negotiation of the deal.

I think it’s time we stop hiding these prices and showcase that these large transactions are happening.
 
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