discuss Is wholesale pricing is destroying NamePros?

[ivey]

I was lead to open this thread because of a related thread titled: Why most domainers are not willing to reveal their full portfolio?

Disclosure: this thread is not by any means an attack on namepros: rather it's to add value and help improve this amazing platform.

My Reply can be seen below: (after leaving this reply, i realized a thread is needed to discuss and confront this wholesale pricing issue.

Last time i sent my portfolio to a kind domainer who DM'd. He said he is willing to broker all my names.
Out of the blue i started getting crazy low ball offers to my best names at Godaddy. I knew immediately it was that domainer. I let the Godaddy Broker know they have to come higher than $100. ofcourse they ran away. We have developed a habit here to make reselling seem like a domain must be for $25 or else its not a deal. But if i see a great domain I believe i can get 5-10k for, i don't mind spending a few hundred for it atleast. I did that with abba.org and made good money. i made that with bolt.org and made 10k.. i did that with MrSmile.com.. literally emptied my paypal account to buy it for a few hundred and i sold it for almost 7k. The return you can get is what makes it wholesale. That's just one of the many reasons i assume others may not share their whole portfolio. Also, some may want to take advantage of a trend before others catch on..and maybe their portfolio would reveal some juice. I for one share trends...i reg 2-3 and share. But as someone above mentioned... cornering the market is fair play.

Additional thoughts: No doubt, if i came on namepros and saw "GoodFood.com" for $25, i would snatch it up or claim it in a heartbeat. However, if it was a make offer, i wouldn't be against paying a few hundred bucks because I know without a doubt that i could flip it for 4 figures and even 5 figures if the right buyer is found. But 4 figures no doubt imo. I would do an injustice to send them a $25 offer. But even if i did that as a strategy or in hopes of getting it for as low as possible... and the seller reject it.. i would show respect and show i want it by presenting a better offer or atleast ask what's the minimum the seller is willing to part with it for. Then I'd look on my financial and see if i can afford it or bid higher.

But today on namepros, people are so spoiled that they get offended if you don't sell them a solid name for $25-$35. Like how dare you ask for more! smh

Have you ever seen these requests and offers? it's like you are evil for wanting more for a quality name. People will even pay more for a logo than a name. I believe this is creating overtime a very toxic environment on namepros. Ofcourse we can say unlike the real world, most domains are not liquid or have a pre-determined market price. Even if that's so, we can't play the fool. If i post one of my random names on namepros: like Launchup.com, you and I know $25 is BS... even $100 would be Bs. If you can't see a name like that and know you can get 4 figures minimum then you shouldn't be domaining.

It's just a pet peeve when people make requests and declare they are looking for wholesale pricing, but in a very demanding and rude way. As if wholesale is some hand reg pricing????? Wholesale as i mentioned above should be weighed in comparison to the quality of the name presented. If you present to me a strong Ai keywrod .com, i won't be against paying whoelsale in the hundreds and even low 4 figures. because I see the potential to sell that for mid to high 4 figures and even 5 figures. No question. imo.
We need to create an environment that encourages integrity and fairness, so we can bring in serious buyers and sellers and bring in win win situations. (The seller of MrSmile.com was happy to get $450 and i was a big winner making a huge ROI). We don't need to create this toxic $25 wholesale non-sense.

Lastly, when you are starting a serious company as a domainer, be willing to invest in yourself. If you don't value your own brand, why should anyone else do? Be willing to spend more than $25.

This post excludes those who a struggling financially and offer what they can afford. But we can identify those who aren't struggling and just come with this "ENTITLED" $25 mindset.

 

[biggie]

Last time i sent my portfolio to a kind domainer who DM'd. He said he is willing to broker all my names.

Hi

whois, he and how did contact occur?
did you know him personally or previously or of his past brokered deals?

imo....

 

[bmugford]

I have bought many domains on NamePros in the past. I have posted several WTB threads.

I am willing to pay up when there is a domain that I am interested in.

The problem is generally people with good names want too much. You generally just get flooded with bad domains.

It is also hard to find domains at all. Of course NamePros could take action to fix that, by for instance limiting the number of times people can bump their own threads. That just wastes valuable forum space.

Brad

 

[VadimK]

I already said it a couple times and will repeat here - the only way to get rid of this whole horseshit in the Buying section, is to make people pay a small amount for buying ads. Otherwise it will go on and on, and on. And why wouldn't it? If it's free - you can shoot it as many times as you like, and that's what 90% of so-called ''buyers'' do.

And the conversation about the ''real'' wholesale price is extremely speculative, you'll never agree what real wholesale price is, thus people will continue trying to buy MyBet.com for $25, and thinking they make you a huge favor: ''HEY, ONLY WHOLESALE PRICE, NOT END USER!!''

Look there now - every third request is to buy pronounceable 4-letters for $100-$200 (at most!), whereas by ''pronounsible'' they obviously mean ''casa'', ''cool'' and ''porn'' (or any highly brandable combination). This unrealistic nonsense will continue, until such requests are priced - then those will stop, and some real requests will show up. So will some serious sellers.

 

[johnn]

Who care about the wholesale shit here?
I sell my names at my price.

 

[ivey]

Hi

whois, he and how did contact occur?
did you know him personally or previously or of his past brokered deals?

imo....

Didn't know this person before, but they DM'd me here on namepros to view names and offered to broker my names for me as he had contacts. So i gave him a chance and sent him a portfolio of select names. Only thing i got was two low ball offers immediately at Godaddy. I'll search through messages to see if i can find the person. i saw some messages saying.. Account Closed (Disallowed)/spam removed. Someone named angel Gonzalez. Edit* I don't want to open a can of worms...but i can DM you who the person is. let me know?

 

[Yoga Trillion]

But even if i did that as a strategy or in hopes of getting it for as low as possible... and the seller reject it.. i would show respect and show i want it by presenting a better offer or atleast ask what's the minimum the seller is willing to part with it for. Then I'd look on my financial and see if i can afford it or bid higher.

Absolutely! #NegotiationRespect"

Wholesale as i mentioned above should be weighed in comparison to the quality of the name presented.

Every word carries meaning. #ReallyRespect.

(The seller of MrSmile.com was happy to get $450 and i was a big winner making a huge ROI).

"Totally! If anyone grabs a quality domain from me, I'm always hoping they make a great return (ROI), especially from end users.

I'm like their biggest cheerleader, hoping they hit the jackpot

I love celebrating others' wins! #DomainSuccess #ROIWins

The Domainer is making the purchase based on their logical or analytical reasoning or their personal instincts or a strong feeling about the potential value or success of the domain. That's it!


Anyway, just wanted to say I appreciate, really respect your honesty and the way you expressed your thoughts.-every word carries meaning.

it makes a lot of sense.

Every word you've chosen holds significant meaning, and it truly makes a lot of sense.

#Respect

a domain community where everyone's a winner!

 

[AEProgram]

Ever list a house for sale? It can be a home that has strong comps that back up the million dollar asking price and someone will offer you 20k plus a free hotdog. You experience the same when you want to buy a home, you see people ask 10x what the price is.

Domains are not homes, their values are very subjective. With decent names there is a base of what it's worth, that base is usually what it would go for on NP within minutes. However, because every domain is unique, you can dream and wait for a long long time, and maybe someone will pay your price and probably not. I hold many domains like that and just wait.

I bet many of up went many times to Dan or Afternic and raised the min. offer amount because we got tired of the low balls.

It's part of this business a many other businesses. It's like the trouble we face when we list a WTB ad and we get almost all spam. This happens everywhere else too. Try posting an ad on a freelancing site or job site with the requirements you need? Did you see the responses from people that have nothing to do with what you asked?

I understand your frustration, went through it too. Hope we all make some big sales soon.

 

[biggie]

Didn't know this person before, but they DM'd me here on namepros to view names and offered to broker my names for me as he had contacts.

Hi

my reason for asking, was to know whether that person was really an experienced broker or just a "borker" trying to come up off your names.

perhaps you could have avoided the whole "lowballing episode" by not biting the pm.

still, wholesale price is vague, because it can range up to 5 figures.
it's just that most buyers here don't see future worth, they only see today.

i have bought LLL org in 4 figure range from np member, and i consider that to be wholesale price, when compared to offers and roi received from marketplace sales.

if someone offers LLL.com for $10K, that is surely wholesale price, compared to market price or marketplace price.

so, it's not wholesale pricing, it's the people who don't get the name when you say "no thanks" to their offers
you just need to have confidence and patience while waiting for right buyer.

imo...

 

[DomainNature]

The real issue of NP is that, there is too much knowledge in the open, I consider sales and other domaining activity should be private, you then wonder why there are no sales, because end users have become domainers thanks to NP's, and because of this Registrars make money only from this.

People have forgot to develop websites and make profit from them, I have created my own websites but they are not bringing any profit, sold only with Dan 2 domains, no one requested Logo design until today, people are too lazy and use AI, everything goes to hell!

Also some topics here, they scream about no sales but continue to use Twitter, Facebook, Youtube and other social crap, then expect that domains to sell, you must create your own website with your own profile and use it instead of big data, suckers AI feeders, crawlers and grabbers. You are really blind and not see that everything you do goes into one big funnel. After this wait for domain sales.

That is why I post less here, I also have begin to hate other forums, because they ignored my precious topics that could have boosted their Forum to the top.

 

[ivey]

I already said it a couple times and will repeat here - the only way to get rid of this whole horseshit in the Buying section, is to make people pay a small amount for buying ads. Otherwise it will go on and on, and on. And why wouldn't it? If it's free - you can shoot it as many times as you like, and that's what 90% of so-called ''buyers'' do.

And the conversation about the ''real'' wholesale price is extremely speculative, you'll never agree what real wholesale price is, thus people will continue trying to buy MyBet.com for $25, and thinking they make you a huge favor: ''HEY, ONLY WHOLESALE PRICE, NOT END USER!!''

Look there now - every third request is to buy pronounceable 4-letters for $100-$200 (at most!), whereas by ''pronounsible'' they obviously mean ''casa'', ''cool'' and ''porn'' (or any highly brandable combination). This unrealistic nonsense will continue, until such requests are priced - then those will stop, and some real requests will show up. So will some serious sellers.

Couldn't say it any better. But speculative or not.. we are all sensible enough to know, MyBet.com is valued far more than $25, even if it doesn't have a set liquid value. We may not know exactly how much, but we are all sensible enough to know it's far far more than $25. There's no excuses to the bs on namepros. The Pronounceable 4 letter is hilarious...

And the danger i see is how offended and entitled people get when you can't sell them casa.com for $200.
It's creating a very toxic, delusional, entitled environment. I can't even submit names to requests because i won't sell nyam.com for $150. And these people are requesting top keywords for peanuts. (people as why others are not sharing their names, well this is one reason along with the possible spam) There's also a possibility of an enduser seeing it all over a public forum and decide not to use it for their brand.

 

[ivey]

I understand sales psychology to some degree, but you know that when a borderline sketchy strategy is adopted by the masses.. after a while people forget.. they are doing sales. They actually start to believe "wholesale" is supposed to be pennies(Entitlement takes root). I would call that the psychology of lying, meaning if you tell a lie long enough you yourself will deceive your own heart and start to believe it. That's why marketing agencies show you something over and over and over and over. You knew the first time you didn't want it and now you convince yourself you need to buy it.

They forget that the few deals they got may have just been from someone desperate or liquidating and not the general law to define wholesale. I'll say it again: wholesale is the deal you're getting in proportion to the actual value or perceived value of a name(or a one time price if someone is liquidating or struggling). I didn't know what the value of MrSmile.com was.. but i know i loved the name and i had enough knowledge to believe i could sell it for atleast 4 figures- which i did. For me, paying close to $500 was a deal. The buyer wasn't willing to go lower even though they needed the money in that season of their life. Even then they knew it would be a robbery. I couldn't act rude or disrespect the seller with $25. And on the other side you have the buyers who want the top keywords for pennies then they complain that no one is sharing good names? Don't get me wrong.. some people submit pigeon shyt even if you put a reasonable budget, but you guarantee that pigeon shyt when you ask for heavens best names at a $100 budget. (what you will end up with is serious domainers not submitting or participating at all.

I know i don't have to participate in those requests (to sell or buy) but i see the danger when something unhealthy gets mass adopted. It becomes the unspoken law. And most don't see the danger to the community and the industry until, one day you sign in and see less and less people participating. This is not a political support of any kind.. as i don't like any side.. but lets make domaining great again.

I'll leave it at that and do my own thing and continue to contribute positively to this community.

 

[Kass]

It’s interesting to know the administration’s opinion on improving the trade climate

 

[Traderas]

For me, what's more offensive, is when members are sending you offers with 90% discount of your listing price, in buy now threads.
There is the section for negotiable domains.
When you post a domain in priced section, and you include a specific sale price on it, why on earth would you want to sell it 80 or 90% off?
I believe we should have the right to report these cases.
"Buy Now" is different than "Buy Now" + "Make Offer", and "Make Offer" only...

 

[zotix]

I already said it a couple times and will repeat here - the only way to get rid of this whole horseshit in the Buying section, is to make people pay a small amount for buying ads. Otherwise it will go on and on, and on. And why wouldn't it? If it's free - you can shoot it as many times as you like, and that's what 90% of so-called ''buyers'' do.

And the conversation about the ''real'' wholesale price is extremely speculative, you'll never agree what real wholesale price is, thus people will continue trying to buy MyBet.com for $25, and thinking they make you a huge favor: ''HEY, ONLY WHOLESALE PRICE, NOT END USER!!''

Look there now - every third request is to buy pronounceable 4-letters for $100-$200 (at most!), whereas by ''pronounsible'' they obviously mean ''casa'', ''cool'' and ''porn'' (or any highly brandable combination). This unrealistic nonsense will continue, until such requests are priced - then those will stop, and some real requests will show up. So will some serious sellers.

I cannot agree more! I would post precisely the same. Especially the part with "It's wholesale! Not Enduser!!"
People are dumping prices; the best example, as you mentioned, is 4L Com Domains.
If I see a thread like "WTB 4L Com" and then see the Post which is like X, Y, Z, W, J, Q, V blah should not be part of the Domain, then im willing to pay 100-150$ "depending on the Name" - then I could puke.

I agree with the bad/good Domain, but some people are forced to liquidate. But regardless of that, these days, it's price dumping with Domains.


Best regards
z