Big Week in Domain Aftermarket

Both Sedo and Afternic posted big numbers in the domain aftermarket this week. There were also several mid to large sales I followed that closed on NameJet as well. Close to $5 million in domain sales were reported at Sedo and Afternic, not including any sales that closed in private.

According to an email from Sedo, the company closed $3.5 million in sales last week, with over 1,200 transactions reported. 31% of the sales on Sedo were buy it now listings.  At Afternic, the company closed just under $1.4 million in total sales last week. From what I can see, there weren’t really any blockbuster sales reported.

I don’t want to make a prediction that we’re in the midst of a recovery, but I do want to point to the IDNX. The stock market is touching highs dating back to the financial crisis, and the domain market seems to be recovering in the same pattern. I am seeing the same with my own sales, as I detailed last Saturday. Hope you are seeing similar things.

Here are the top 10 sales from Afternic last week:

apartmentlistings.com $87,500.00
TECH.pro $25,500.00
acuto.com $13,000.00
medicals.com $9,000.00
BathSheets.com $9,000.00
seedbed.com $8,800.00
languageclasses.com $8,500.00
askalex.com $7,900.00
aboutmeditation.com $7,500.00
webbuilding.com $7,288.00

Here are the top 10 sales from Sedo last week:
kboing.com 150000 USD
landmarkgroup.com 50000 USD
e-liquid.com 25000 USD
romeapartments.com 15000 USD
tev.de 15000 EUR
medlaser.com 14000 USD
tanga.de 13599 EUR
graniteworktops.com 10500 GBP
sucre.com 10000 USD
cdnreviews.com 10000 USD

Contest Results

21

Whether you submitted a name, made a comment, or logged a vote, thank you again for participating in the contest. I was surprised at the number of submissions, happy that three sales have been reported so far, and hopeful that the additional exposure from a Domaining.com sponsored headline will help the winning name sell.

There were nearly 300 votes cast for the top ten domain names, and one name was the winner by a pretty solid margin. The winning domain name received about 24% of the total votes cast.

I thought it was pretty cool that the votes were pretty evenly spread out for the remaining names, which indicates that none of the names selected were “bad.” I posted a screenshot of the vote distribution so you can see how evenly spread the voting was. I could come up with a reason why each domain name has value, but I think the winning name is pretty solid and will likely sell.

Anyway, without further adieu, the winning name was BabyPhotographer.com, with a price of $5,900. I think there were likely a few reasons contributing to its win.

There are thousands of baby photographers across the United States, and it’s a profession with many independent contractors. There can only be one company that uses the exact match “BabyPhotographer.com” domain name, and it’s a status symbol, good for SEO, and a level of authority with a name like that. A baby photographer can make several hundreds of dollars for each photo shoot, so these professionals wouldn’t have an issue paying the asking price.

Incidentally, I sold BirthPhotography.com to a photographer a couple years ago, although the price is confidential.

In addition to these intrinsic factors, I also thing the fact that HyperbaricChambers.com and WritingBlog.com were sold during the course of the voting caused those two names to receive fewer votes than they may have had they not sold.

Thank you all for participating. I will be in touch with the winner to determine a listing date. If you are interested in buying it, of course you can get in touch with him prior to the sale listing.

Vote for the Contest Winner

22

Thank you once again for submitting so many domain names for the contest I am sponsoring  to try and help you sell a domain name. I will pay for a Domaining.com sponsored headline for a DNForum sales post where the winning domain name will be listed for sale. I am also willing to help the owner write a sales post, although I find it’s generally best to keep it simple.

The ten names below were the top (in my opinion) based on the quality of the domain name at the listed purchase price, keeping the target audience of buyers in mind (domain investors who read my blog and visit Domaining.com). There are a couple of names I am thinking about buying in the list.

To be most diplomatic about this, I want visitors to my blog to select the winner. Please vote for the name you think is the best at the most reasonable price. The winning name will be announced on Sunday night (New York time). If there happens to be a tie, I will choose the winner.

Thank you again for your submissions.


Contest Update

13

I want to thank those of you who submitted domain names for the contest I started earlier this week to try and help sell the winning domain name using a Domaining.com sponsored headline. Far more entries were received than I anticipated, and I appreciate your enthusiasm. At least one name that was listed has already been sold in private.

Instead of choosing the winner myself, I am going to make this a bit more democratic, and I appreciate the advice a couple of people gave me. I will choose what I believe are then ten best domain names at the best prices (what I think have the most  realistic  chance of selling given the venue and audience), and I will set up a poll for visitors to choose the winner.

I will post the poll on Saturday morning and keep it open through Sunday night.

Thank you again for participating, and I hope you will vote beginning tomorrow morning.

When NOT to Use LeadRefs.com

I’ve written an article about how I used LeadRefs.com  and a second article about another way to use LeadRefs.com, but today I want to discuss when NOT to use LeadRefs.com to sell a domain name.  The tool provides the email addresses of people and/or companies that  might be interested in buying your domain name based on a number of (proprietary I assume) factors.

I believe LeadRefs.com is a good tool to use if you have a very good domain name and are willing to sell it for a fair price.  If you have a crappy domain name, LeadRefs.com will not magically find you a buyer for it, no matter what your price is. Please be realistic when you use the tool. I assure you, nobody wants to receive emails for domain names that are either unrelated or just a crappy/hacked up/worthless domain name (they will consider them SPAM).

When you are the one approaching potential buyers, you must have a fair price. A pie in the sky price will probably not yield the best results with this tool. Generally speaking, domain owners get the best prices for their domain assets when a buyer approaches them to satisfy a need on their part. When a domain owner is seeking a buyer, the owner usually needs to make price concessions. I would be sure you have a fair price.

I strongly urge you to look through the email addresses of the lead results before emailing them. I recommend removing email addresses of known domain investors and others who would likely not want to receive your email. Although domain investors may want to buy a good domain name, you must keep in mind they likely receive other unsolicited emails and it’s annoying, especially when the domain names are crappy (see second paragraph).

You need to use some good judgment when using LeadRefs.com. Sending unsolicited bulk emails is likely not legal. If you are sending bad domain names, over priced domain names, or sending domain names to leads that won’t want to receive email from you, it’s a big risk.

Contest: I’ll Try to Help You Sell a Domain Name Using Domaining.com

217

I’ve used Domaining.com sponsored headlines to sell several high value domain names, including one yesterday afternoon (Sayings.com). I think it’s a great tool to reach a wide audience of targeted domain buyers. Here’s sort of an informal contest to try and help you sell a domain name.

Post one domain name you own and have for sale in the comment section of this blog post with your price. I will choose the best domain name at the most reasonable price to feature in a Domaining.com sponsored headline. You will post your domain sale in a sales thread on DNForum at the specified time, and I will pay for a 24 hour sponsored headline for your sale and link it to your post on DN Forum.

Here are the rules of this contest:

  • You can only post one domain name for sale with a price in the comment section of this post (if you post more than one, you are disqualified)
  • I will select the best domain name at the most reasonable price by Friday morning at some point (my judgment only).
  • At the specified time I tell you via email (likely mid-week next week), you will post a sales thread on DNForum with the domain name and the price listed. I may even give you advice on what to write in your post if you would like.
  • I will pay for a 24 hour sponsored headline on Domaining.com, which will link to your DNForum post.
  • You absolutely must follow through with the sale if someone agrees to purchase the domain name, although I cannot be held responsible if buyer or seller fail to honor the deal.

Remember, you MUST post just one domain name and MUST list the price (please don’t ask if I or anyone else thinks your price is fair). If you do not wish to follow these rules or the rules above, this isn’t a contest you should enter.