As many of you know by now, prices for three letter domains are
getting softer, many domain investors who hold such domains believe it is time to hold until the market picks up. While we believe the same and are bullish on short domain names, we have no fear of auctioning some of those knowing very well that our potential loss may very well be someone’s gain. For many years those who know us know we were the last to sell a domain for a fair price. Our theory, since we did not (and still don’t) make our living on selling domains, was any of our domains is a solid six figures (or more), and that is for our
worst domains. You may be surprised to hear that but we did close some deals like that on domains that no Domainer would pay 20$ for. What’s the sudden change then? Contrary to the quality level of domains which we sold for six figures, how come we let go of true gems for few hundreds or few grands now on
Bido? It has to do with our personal frustration with the domain market. You see, we’ve been here for over eight years watching how things progress, watching other companies, talking to many directly, on blogs, and on message boards, but did not see them do the things we wanted them to do.
We want to see true liquidity in the domain space, where you can list and things go for whatever they go by the end of the day, whatever the market would pay. From listing perspective, we’re fully aware this isn’t for everyone at all times. From seller’s perspective, we know it is for some at some times. And from a buyer’s perspective? We know it is for all at all times!
This is what we’re trying to build here and to achieve our goal, we believe some losses are inevitable, however long term, are well justified.
Today on Bido: UTQ.COM, 1 $US, No Reserve.
(Edit: Closing price, 6,001.00 $US)
Sahar Said, “Our theory, since we did not (and still don’t) make our living on selling domains, was any of our domains is a solid six figures (or more), and that is for our worst domains.”
To me that’s absolutely the right way to look at that. As a buyer I probably couldn’t agree on some domains but if I was selling then my domain needs to be priced at what I feel it’s worth if I keep it. A buyer might do better than me but may not see my “down the road” vision of the domain.
And here’s another of my stories………
Years ago I had a car that was worth about $150 dollars and a fellow wanted to buy it. So he asked what I wanted for the car. I answer with $3000.00 dollars.
Of course he told me I was crazy if I thought I’d get $3000.00 for that car. I said, “I’m not crazy”. “But anybody that would pay me $3000.00 for that car probably is and I’d then be crazy not to take it”.
My point was I didn’t really want to sell it. When I finished fixing it, the car would be worth some good money. And, if I kept it for a while after fixing it up, it would be worth that price if not more.
That car today would probably sell for $30,000.00 easy.