Lately, domain sellers always seem to be asking each other if others are experiencing a slow down. I haven’t had a bad year, especially considering last year was my worst year by far, but this summer has been pretty slow in terms of domain sale.
From my perspective, it seems that many domain investors aren’t investing as much as they have previously invested in the aftermarket. A number of my clients are in more of a hold mode right now, presumably waiting out this economic storm. This has caused a slow down in my business, and as a result, I am buying less after market domain names. It’s a trickle down effect.
End user companies are still buying domain names as their needs necessitate. Because these needs are demand-based, it is more difficult to close domain sales. It also seems that deals that do close are taking much more time to complete, likely a result of tighter spending.
Because many companies need to spend their entire marketing budget before year-end in order to justify the same (or an increased budget) for the following year, we may see an increase in activity in a month or two. That may be wishful thinking 🙂
In the meantime, I am continuing to build out the websites that I have and continue to market those sites that are operational. Bahamas.co is nearly ready to launch, and I am excited about these prospects.
What have you been seeing in the domain sales market lately?