Archive for December 2010

Why would a buyer make a $100,000 offer on VisitBerlin.com?

December 31, 2010

Recent sales and offers continue to puzzle me. I don’t understand how a buyer will visit Sedo or any other domain platform, and then make an offer for 30+ times the value of a domain. There is no accurate tools to appraise a domain. However, Estibot and Valuate are reliable when a buyer or seller needs quick access to a price.

There are many posters on other blogs that reject domain age and stats as a criteria to set a domain’s value. Nevertheless, a newly registered domain is not going to find a home for $50,000. CamRoulette.com is a rare case ($152,000 after hand registration). A domain’s age is relevant to its value. Some will argue against a domain’s age as determining appraisal value, but they know it is an important factor to setting the price.

I know that end-users make huge offers. They have no idea how to find a domain’s worth. All I see is end-users paying top dollars to acquire domains that are nowhere near their value. World Wide Media recently turned down an offer on VisitBerlin.com for $100,000. Of course, I’m confident the domain is worth far more than Estibot and Valuate’s $3300 price point. However, I don’t think VisitBerlin.com is worth $100,000.

It’s frustrating to see a company trying to ask $200,000 for a domain, but then end-users turn down domains that are worth 6 figures. These end-users question a domain offered for $200. They turn around and pay several times that amount for a domain worth 10 times less than the purchase price.

End-users will reject domains because they don’t have enough knowledge to determine their market value. On the other hand, they will make insane offers on over priced domains. Posters may not agree with my assessment, but I know that it is well supported.

I don’t believe that any domain in the 2000′s is worth $100,000. CookingGames.com did manage to fetch $355,000. The Vancouver company that purchased the domain has experience with online games. I understand the reason they purchased the domain. Visit “region” are popular .com domains. Is VisitBerlin.com worth $100,000? $200,000? $300,000? The buyer that offered $100,00 must think the domain is worth $100,000. The owner is probably looking to get between $150,000-$225,000.

How do end-users know what prices to offer a domain owner? Without appraisal tools, there is no effective way to set a market price. Many mediocre domains are selling for high amounts. Such domains are not commonly searched keywords. They don’t deserve to be put into a premium class without any unique traffic, backlinks, and sites linking in. If the domain lacks performance stats, then it should at least have popular keywords.

My recommendation is to change all your settings to accept offers. If you set fixed prices, you’re selling yourself short. Read the DN Journal to determine what types of domains are selling. There has to be a way to make a sale above $1,000. I think asking $1000+ for a domain that appraises above that amount is fair.

You have to be direct when making sales. Don’t allow an end-user to place you in a passive position – to accept less money for your domain(s). If elitist domain investors are making a fortune selling their domains, then we also deserve to make those sales too. No disrespect to World Wide Media, but VisitBerlin.com is not worth $100,000. However, VisitNYC.com recently sold on Sedo for $10,000, which I believe is a domain worth 6 figures.

Good luck! Happy New Year! Thanks for reading.

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DayBuyDay.com sells for $10,000 – Why?

December 30, 2010

Why in the world would a company pay $10,000 for DayBuyDay.com? The domain fits their branding plan, but is not worth $10,000 with no real traffic, or high monthly searches. I’ll never understand how owners find buyers for over priced domains.

This sale is a perfect example of what makes me furious. It took me 100 calls to find a lead on a domain that is worth over $100K, which will be priced much less than the appraisal. The domain is specific to the business, and will definitely improve the company and save them money in the future.

But then, I see companies selling domains that have no business scoring high sales. In the future, the domain will be worth the sale price. I don’t understand why companies are paying top dollars for mediocre domains, when they turn down generic domains that compliment their business.

For the past 17 years, I planned to merge into Hollywood as an actor/writer. I’ve experienced major obstacles and challenges that held me back from accomplishing my long-term goal. Hollywood and the domain industry are exactly the same. It is who you know that will produce a big sale. If Sedo, or another company brokers a domain, then you can make a profit. Most end-users are more comfortable with established domain companies than with private parties.

I own several domains that produce better stats than DayBuyDay.com. DeliciousThaiFood.com, ProfessionalHairServices.com, and BelieveInEnergy.com produce better keyword results than DayBuyDay.com. However, the two best things DayBuyDay.com has going is that it’s an aged domain and the company is branding the name. Other than that, I don’t see the appeal.

I recommend domain investors to set “make offer” on all their domains. It’s not fair that many domain investors and companies are selling their domain for 10 times their value, when others struggles to get 10% of the value on better domains.

I don’t plan to sell CoverLetterServices.com. I already make $144 per year on 1 web directory listing. I will cease the negotiation on another cover letter domain. The buyer is refusing to up their offer a third time. I’m no longer interested in selling the domain, especially with recent domain sales setting records. I want a piece of the sales pie. I’m tired of making small sales, and getting rejected on brokering big time domains. It is now time to ask more for my domains.

You will see many over valued domains selling because they are aged domains. In addition, such domains are purchased for branding reasons. There is no other reason to pay $10,000 for a mediocre domains. In my opinion, DayBuyDay.com is not worth 15% of the purchase price. DaybyDay.com is the better domain that is worth $10,000.

I get rejected on selling two word service domains, only to see over priced domains being reported on the DN Journal every week. It’s appalling to sit back and hope for a big sale. Domain companies monopolize the aftermarket, making it hard for domain owners to establish a business outside of their sales platform. I picked up the phone and called 200 times in the past few weeks. I don’t mind the constant rejections, but these companies are usually clueless as to why they won’t purchase a domain.

Whenever a person asks what you want for a domain, give them a price right away. Don’t waste time preparing an e-mail. A city manager asked me what I wanted for my GEO city domains. I told him that I would send an e-mail with appraisal values and information. I made a mistake. A week later, they declined to buy the domains. What I should have done is to set prices right at that moment.

On another potential sale, I provided too much information on two box office domains, and lost the sale. You have to be direct, and share as little information as possible. Maybe I’m not meant to sell the domains. Who knows? All I know is that I don’t have the money to pay my rent. I lost two sales that could have made my situation much better. It pisses me off.

Anyhow, DayBuyDay.com is an unimpressive sale. I’m not moved when owners make over priced sales. Some offers are simple as an e-mail stating that another is going to pay an X amount for the domain.

I have to go back and forth on a cover letter domain that I know is worth at least $1500. And the buyer is refusing to increase their offer. I make $144 after fees for 1 web listing on coverletterservices.com. I wont let the other cover letter domain go for less than my last counter offer. There’s a reason the buyer wants the domain. I deserve to get the amount I’m asking for the domain. I will end the negotiation process soon.

Sometimes, I find the DN Journal is a bragging platform to boost egos. There are many great deals on Bargain Domains, and end-users are clueless about going there to make a purchase. They would rather pay 10 to 20 to 30 times of a domain’s value. It’s ridiculous. These are the very same companies that will make excuses on buying valuable domains, only to purchase over priced domains with little marketing potential. The domain industry is a joke, or maybe it is the companies that are clueless. Who knows? $10,000 would be better spent on a domain that is worthy of the price.

Thanks for reading.

Domaining Mojo has no incoming links

December 28, 2010

Word Press noted that I have no incoming links going into Domaining Mojo. Maybe I need to use Domaining.wordpress.com as a link instead of domainingmojo.com. I would write more on this blog if the publish link was available.

On Domaining Mojo, I like the simple template. I don’t flood this blog with advertisements. I don’t claim to be an expert, but I know the right people to find the answers. I share my personal experiences to demonstrate that I know how to buy and sell domains. My sales are nothing to brag about, though they show that purchasing the right domains will make you profit.

Whereas, many may believe that icoverletters.com is a bad domain, there are many “i” domains that are making big sales. I can easily develop the domain into a major cover letter destination. I don’t plan to sell the domain. Any “i” related domains that are paired with a generic term or service are going to be valuable.

inewsstand.com sold for $6500. I believe the domain sold for $6500 based on the anticipation of Apple inewsstand. I plan to keep icoverletters.com as a future investment. iresumeservices.com, iresumewriting.com, and ihauntings.com all have branding potential. Resume companies will make offers because the generic versions are not available. “i” domains are an alternative to generic domains.

Domaining Mojo is a small time blog. Many new domainers will visit popular blogs to ask for advice. I doubt elite domain investors will take the time to answers questions that are below their level. I know for a fact that many domain blogs criticize domain newbies when they ask questions on how to buy and sell domains.

Domaining Mojo may never become an elite blog, but it is an honest blog that shares buying and selling information. TrafficFines.org is a good domain. While the domain only appraises for $95, there is a strong possibility it will sell for a greater amount. The domain’s keyword stats are good. I wrote a popular “how to” article on traffic fines.

I’m looking forward to the upcoming year. I never made a sale over $1,000. Maybe I have a few domains in my portfolio that will produce big sales. I recommend you all to change your sales settings to take offers. You may lose sales when you set a fixed price because there is no way for a buyer to offer less for the domain. I would never had sold a job domain without adjusting the sales settings to $700 along with a “make an offer” option. I managed to make $400 off a .us domain.

DomainingMojo.com is a small time log with no traffic. You can expect to find reliable information on the blog. Even though many claim you can’t make money off domains unless you develop them, Why Park enables you to grow your domains with domain apps. Good luck.

Fusible’s Article on Word Wide Media’s Rejections on Domain Offers

December 28, 2010

The following list reveals offers that were rejected by Word Wide Media. Fusible reported on the rejected offers to demonstrate the growth of the domain industry. I find a few of the domains overpriced, questioning who is making such offers to acquire them.

The domain industry is confusing when end-users are making huge offers for such domains, and then they reject offers on major service domains that are relevant to their business plan. The two service domains I offered are easily valued at 5-8 times the asking price.

Additionally, I called an end-user several times, and she always made excuses regarding specific domains that would send business her way. I only asked $200 per domain, knowing that one domain in the package could easily fetch $1,000 in the next 6 months.

As domainers, should we remove Sedo’s fixed price option? Why set a price when you may receive a high offer for an overvalued domain? I know I own some good domains because I’m in the midst of a negotiation that has lasted close to 2 weeks now. The negotiation is not up to my expectations, so I plan to reduce the amount only another $100. I will stick to that amount until the buyer refuses to pay the amount, or when I decide to end the negotiation process.

This is one of those rare instances where I need the money. I refuse to
accept an counter offer that is only 15% of what I want for the domain. I don’t think I’m asking too much for the domain, especially when the buyer has the ability to make back the purchase price within a year.

I have no idea who is trying to acquire the domain. There has to be a reason they want the domain, but I know enough about the industry to retain the domain until I receive the right offer. There are many times I have to make sales to survive. This is one time where I will wait to earn the amount I think I deserve.

I will hold back the criticism on the following domains. I’ll let you all be the judge on assessing the rejected offers. Fusible claimed that D.tv was registered this past year. How is
that possible when many domain registrars don’t offer buyers the option to register domain that are less than 3 characters?

In my opinion, the most valuable domain listed below is Stuff.com. The domain is easily valued at 5 times more than the offer made. Many posters have challenged me on what determines a domain’s value. Their argument is usually narrow minded, and unsupported.

The rejected offers are covered on the Fusible blog. I don’t think I’m asking too much for my domains. I agree that the domains in the rejected offers list are valuable names, but there are a few that puzzle me.

I’ll never understand why I’ll get rejected trying to sell domains that are just as valuable as the ones listed below, but then the DN Journal will report on high priced sales that are not worthy. Many major companies bid on keywords in their niche, but they refuse to pay 10% of the value for a generic service domain, or 50% of the amount for a generic 4 character domain with huge potential.

In my opinion, many online companies are stuck in traditional advertising. They refuse to entertain the possibility that paying $15,000 for a domain will save them $100,000 in the next 5 years on
advertising costs. Most importantly, they will own the domain for as long as they keep up with the registration fees.

I will never understand over priced offers and under priced offers. How do these companies determine what to offer for a domain? World Wide Media rejects offers because they can. They have millions in capital, as well as thousands of domains to fully function in the domain industry.

DN Journal reported on ShopKids.org, a domain that was recently offered for sale at $750 with no buyers. Then, the domain scored a $5,100 sale. Why? Can we trust reported sales? Or are they used as a ploy to increase interest? On DomainTools.com, the domain was originally priced at $750.

I advise you all to ask more for your domains. It seems that companies will reject domains that are under priced because they assume such domains have little commercial value, and are not worth developing. The buyer may potentially respond with a lesser offer, so don’t sell yourself short.

If domain companies and private parties can fetch huge amounts for their domains, you can also do the same. Good luck!

D.tv $125,000
iBill.com $100,000
VisitBerlin.com $100,000
345.com $75,000
Stuff.com $75,000
MotocycleHelmets.com $60,000
RestaurantSupply.com $50,000
Aili.com $40,000
TheTour.com $30,000
Kevin.me $10,000
Ayanna.com $10,000
FreshPrints.com $10,000
BettertoKnow.com $10,000

The Cover Letter negotiation process is still pending

December 28, 2010

I received a second counter offer on the cover letter domain. Early last week, a private party made an offer on a cover letter domain.

The counter offer is nowhere near what I’m looking to make on the domain. I’m in no rush to sell the domain. However, the buyer is still interested in acquiring the domain.

Once the private party reaches my minimum amount, I will accept the offer. Until then, I plan to stay within the price point. I devised a strategy to demonstrate my interest in keeping the deal alive.

I don’t mind the negotiation process, especially when it involves a good domain. I believe the domain will be worth the amount I’m asking in the next year. Four web directory listings can net close to $600 per year.

The buyer has to increase their offer in order to acquire the domain. I’m withholding the domain name until a deal is reached. I will keep you all posted. Thanks.

WordPress and their App are unreliable

December 25, 2010

WordPress and their IPhone app are unreliable. When I type posts on the main page, and on the app, the posts are bunched up and look sloppy.

I never had any problems until the publish button disappeared. My posts are a disaster. If you find the frequency in articles diminishing, most likely I’m choosing to write on domainnamemojo.com.

I will try to fix my WordPress account. In my opinion, both the main site and the IPhone app are unreliable.

In my opinion, the Post Office is a slow system

December 25, 2010

I mailed a package from California,which was supposed to
reach Florida in 2-3 days. I understand it’s the holiday season.

However, I received a package from Florida that was mailed out at
the same time I mailed my package out in the opposite direction.

The post office will make excuses as to why they can’t deliver a
priority package in 3 days. There are no excuse when it comes to
their guarantees.

I once mailed a package out, only to receive the package back two weeks later destroyed. The post office never
compensated me with postage to resend the item. All they gave me
was a apology letter telling me sorry ,and that they would try to
deliver items on time, as well as in one piece.

I can’t stand the post office. They always make excuses. As a consumer, we can’t make excuses to make a payment. The post office is not a reliable system, but they’re most affordable option as compared to UPS and FEDEX.

Consumers don’t have many reliable options. I’m frustrated
that a priority package failed to reach a US destination in 3 days.
I wasted $12 to send a package priority, and now the Christmas presents won’t make it until Monday.

The post office is unreliable at the most important time of the year. The damaged mail with no postage
compensation, and the package that didn’t reach today are two
recent occurrences that demonstrate an unreliable mail delivery
system.

The package sent from Florida to California reached in 3 days, but sending mail from California to Florida was an utter disaster. It processed 3 days later, 60 miles from the home
address.

Then, the mail rerouted to a processing center 300 miles away. Either Oakland, California is slow to send mail out to
Florida, or Florida is unable to handle the holiday rush. In my opinion, USPS is a slow mail delivery system you can’t count on.

Mail out your packages a week ahead. Don’t trust unreliable mail delivery services that are slow. If bills don’t arrive on time, you’ll get a late fee.

The post office doesn’t care about mail
delays. I’m disappointed in USPS. Thanks for ruining my Christmas.