I bought a domain name recently, and I did a bit of research to see the prices of similar domain names. This should help me determine my asking price if someone inquires in the future. If you see names that are for sale but aren’t priced, don’t be afraid to ask the owner for their prices and whether or not they have received offers.
There are a couple of reasons for finding out the prices of similar domain names.
The first reason is that prospective buyers will likely find those other names and inquire about them. If a similar domain name is for sale for $2,000 and you are asking $25,000, you may have a difficult time selling.
The second reason is that you may find a similar domain name to be affordable, and if you buy it and package it with your name, you could yield a larger profit. The obvious downside is that you are adding more risk to your investment if the domain doesn’t sell.
When I did some research for this new acquisition, I saw that the exact match .CO was listed for sale on Sedo. The landing page says the domain name has received 7 offers. I am going to email the owner and see if he can share his asking price as well as the offers. If he turned down substantial offers for the .CO domain name, that insight can help me price my domain name.
I think it is wise to know the asking prices of other domain names that might help you price your domain name or potentially become an acquisition target for your business. I don’t really see any downside to asking.
Great tips, Elliot
Good tip Elliot.
Makes sense, I agree.
The “TIPS” you are sharing here are for 5 – 6 years old domainers …
What a waste of time reading this !!!!
Every single day, I receive lists of horrible, terrible domain names that people register and expect to sell. You may or may not need “TIPS” but there are plenty of people who should read/listen and take all the free advice they can get before wasting their money.
I’m a 5-6 year old domainer and i welcome all the TIPS whether they are helpful or not.
Keep up the good work Elliot…
Yeah, you’re way off.
May I ask a question On topic with the .Co and .com pricing?
If one owns say Catfood(.)com, and is asking $115k for it,being registered 15 years ago,what hypothetically does that mean for Catfood(.)co that was registered 1 year ago? It is obviously lesser in value Because of the age,and .Co …but how Much less when it comes to hoping for an end user Cat food company?
Thank you for any insight.
I would probably guess anywhere from 1-20%, but it really depends on how interested in the buyer is. If they really want the .CO, then it could be high, but if they are settling for it, then expect to get the low side. I always quote high and negotiate from there if I have room.
Thank you Elliot. Makes solid sense.
I’m sort of confused. Are domains like cars? Because I’ve been taking a totally different approach to pricing domains. Rather than comparative pricing that is.
Lots of factors go into pricing. I check what others are offering because it would be unfortunate if I vastly overprice a domain name compared to very similar names on the market. I would hate to not sell a low or mid level name because I over priced it compared to what else is out there.
There are lots of times where it doesn’t matter though. I own Embrace.com, and just because Embracing.com is for sale for $x doesn’t mean Embrace.com needs to be priced close to the less good domain name. On the other hand, I also own QQQQQQQ.com and ZZZZZZ.com, and if the owners of PPPPPPP.com, NNNNNNN.com, and YYYYYYY.com (hypothetical examples) are asking way less for those names, I should probably adjust my pricing if I want to sell them more quickly.
There are many factors involved in pricing, and much of the determination is made by considering the uniqueness of the domain name.
>”There are many factors involved in pricing, and much of the determination is made by considering the uniqueness of the domain name.”
A point that bears repeating for sure…