Comments on: The Importance Of Accurate Pricing, Part II http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/ Thu, 18 Mar 2010 11:11:00 +0000 http://wordpress.org/?v=2.3.3 By: 500ml http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12174 500ml Thu, 05 Mar 2009 02:37:02 +0000 http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12174 Gazzip, I think that is an awful attitude to approach a buyer with. Instead of wasting your time and buyers time on a measly $3000. Why not spend the time and maybe a $500 on a website that is better than his current one, and shows the potential buyer\seller what his great properties could look like, could be marketed like, which would sell his properties faster. In fact I would rank the site into #1 position in google, and start looping the leads it generates to the top villa rental places in malaga, which might ignite a bidding war for your domain (if in fact it generates leads, which you claim it would) Unless you do that, all you have is cheap talk as leverage, and that is not a great position to be in when you are selling anything. "I'm not sure it would be great for developing" if that is what you are thinking, you can bet chances are high, that is exactly what the buyer is thinking as well. Unfortunately most domainers, have the "make me an offer attitude" which is just a bad attitude to have in any business. If you want to sell your domains, you have to sell more than the domain itself, because domain by themselves are just ideas and if great ideas is all you have, then you have nothing!! and people know that, the people with money, your end-users are not stupid. Gazzip, I think that is an awful attitude to approach a buyer with. Instead of wasting your time and buyers time on a measly $3000. Why not spend the time and maybe a $500 on a website that is better than his current one, and shows the potential buyer\seller what his great properties could look like, could be marketed like, which would sell his properties faster. In fact I would rank the site into #1 position in google, and start looping the leads it generates to the top villa rental places in malaga, which might ignite a bidding war for your domain (if in fact it generates leads, which you claim it would) Unless you do that, all you have is cheap talk as leverage, and that is not a great position to be in when you are selling anything.

“I’m not sure it would be great for developing” if that is what you are thinking, you can bet chances are high, that is exactly what the buyer is thinking as well.

Unfortunately most domainers, have the “make me an offer attitude” which is just a bad attitude to have in any business.

If you want to sell your domains, you have to sell more than the domain itself, because domain by themselves are just ideas and if great ideas is all you have, then you have nothing!! and people know that, the people with money, your end-users are not stupid.

]]> By: Gazzip http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12093 Gazzip Thu, 26 Feb 2009 21:24:29 +0000 http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12093 I'm sure it could be great for developing Jeff but I have others that interest me far more, this one does not make it on my developing hit list..as long as it keeps making reg fee I will just keep it. I fired off a couple more emails so we'll see if it gets any interest :) Thanks for the suggestions though. I’m sure it could be great for developing Jeff but I have others that interest me far more, this one does not make it on my developing hit list..as long as it keeps making reg fee I will just keep it.

I fired off a couple more emails so we’ll see if it gets any interest :)
Thanks for the suggestions though.

]]> By: Jeff Hawkins http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12078 Jeff Hawkins Thu, 26 Feb 2009 00:33:07 +0000 http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12078 Gazzip, That "End User" did you a favor of sorts. Now you have a bottom dollar number of $300.00. Why not get that one off Sedo parking and build it out some. And put some ads on it after the build out (or during if you can build it fairly fast). Become the "guy to see" on Malaga Villas then figure out when the sales season starts in Malaga for those Villas and offer it again for twice the original price or 10x annual net (which ever is higher). Lots of pictures, local info, and a map! And then pack it full of Villas for sale there maybe. Or just make it about all the nice villas in Malaga with an ad at the top and another down the side of the page. Gazzip,

That “End User” did you a favor of sorts. Now you have a bottom dollar number of $300.00.

Why not get that one off Sedo parking and build it out some. And put some ads on it after the build out (or during if you can build it fairly fast). Become the “guy to see” on Malaga Villas then figure out when the sales season starts in Malaga for those Villas and offer it again for twice the original price or 10x annual net (which ever is higher).

Lots of pictures, local info, and a map! And then pack it full of Villas for sale there maybe. Or just make it about all the nice villas in Malaga with an ad at the top and another down the side of the page.

]]> By: Gazzip http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12071 Gazzip Wed, 25 Feb 2009 16:55:20 +0000 http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12071 "But how do you educate sellers to price correctly? A step further, how do you educate two professionals to price correctly?" You can't, there's no such thing as accurate pricing when it comes to selling or buying domains, just like its impossible to have an accurate appraisal. I just contacted an enduser to try and sell MalagaVillas.com for $3,000 which, to me - is priced dirt cheap, the end-user sells villas (in malaga) that cost $300,000 and in this current climate I would have thought they need every help they can get.(The area is also very popular for villa rentals.) ...their reply, if it was $300 we'd be interested. Beauty really is in the eye of the beholder to both seller and buyer..nothing more. Only when both expectations are similar will a sale happen...its just hit or miss :) ps - Congrats on that $100,000 hyphen domain sale Sahar - sweeet ! :) . “But how do you educate sellers to price correctly? A step further, how do you educate two professionals to price correctly?”

You can’t, there’s no such thing as accurate pricing when it comes to selling or buying domains, just like its impossible to have an accurate appraisal.

I just contacted an enduser to try and sell MalagaVillas.com for $3,000 which, to me - is priced dirt cheap, the end-user sells villas (in malaga) that cost $300,000 and in this current climate I would have thought they need every help they can get.(The area is also very popular for villa rentals.)

…their reply, if it was $300 we’d be interested.

Beauty really is in the eye of the beholder to both seller and buyer..nothing more.

Only when both expectations are similar will a sale happen…its just hit or miss :)

ps - Congrats on that $100,000 hyphen domain sale Sahar - sweeet ! :)

.

]]> By: Steve http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12070 Steve Wed, 25 Feb 2009 16:04:58 +0000 http://www.conceptualist.com/2009/02/25/the-importance-of-accurate-pricing-part-ii/#comment-12070 Following the model of newspapers and classifieds should not only bring the number of domains down to a more manageable level, it should also save the sellers a good deal of money by eliminating the commission model. After all, if you sell your car using a classified ad, you don't pay a commission to the newspaper IF you sell your car. On the other hand, if a broker wanted to use a model of charging Both a listing fee And a commission, that would be expensive. So, the sellers would need to limit submissions to much higher quality domains in order for it to be worthwhile. Perhaps this is a time in the domain industry where all auctions must be liquidation or clearance sales. Maybe that is currently all the market will bear. Maybe sellers who have hopes of getting end user prices for their domains will need to make the decision to stay away from the auctions as a means of selling. And, maybe...just maybe, someday there will be domain auctions with end users. Following the model of newspapers and classifieds should not only bring the number of domains down to a more manageable level, it should also save the sellers a good deal of money by eliminating the commission model.

After all, if you sell your car using a classified ad, you don’t pay a commission to the newspaper IF you sell your car.

On the other hand, if a broker wanted to use a model of charging Both a listing fee And a commission, that would be expensive. So, the sellers would need to limit submissions to much higher quality domains in order for it to be worthwhile.

Perhaps this is a time in the domain industry where all auctions must be liquidation or clearance sales. Maybe that is currently all the market will bear. Maybe sellers who have hopes of getting end user prices for their domains will need to make the decision to stay away from the auctions as a means of selling. And, maybe…just maybe, someday there will be domain auctions with end users.

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