[Need Help] Domain Name Purchase

24 replies
Domain I've wanted for over a decade recently became available but at a ridiculous price, higher than what I estimate the entire niche is worth online for the next 10 years.

Seen this happen before, and after a while the price drops to something more reasonable, but I've never tracked how long it takes?

Also, I've heard rumors that even just searching the domain with vendors will artificually elevate the price, especially with certain popular vendors?

Does anyone have any experience with this?
Are there any tools or methods I can use to be notified when the price drops?

Thanks in advance.



EDIT-- What I am NOT asking:
How much other domains are.
Whether you think it is "worth" it.
Whether you think the domain is important.
Anything else that you think I need to do, or care about.
#domain #purchase
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  • Profile picture of the author MdJahidShah
    In present, the price of the domain is very low. You can buy a domain name by $12 for a year. This price for 1st year. And every year it may charge you $18. But if you can be taken a promo code from someone, then you can buy a domain by $2-$3, and it for the first time. After 1 year You have to pay their yearly charge.
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  • Profile picture of the author dave_hermansen
    Sure sounds to me like the domain name isn't worth it and frankly, no domain is worth any more than $15 if it doesn't already have a significant amount of traffic coming to it.

    It's just a name - it won't generate a single extra dollar of income for you. Pick one that's memorable and good enough for a low price and move on.
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  • Profile picture of the author MichaelQuinn
    I think you should look for a different domain also, especially if it's overpriced.
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  • Profile picture of the author 420SOS
    I completely understand you, I'm just like that but experience has shown me a name is not always that important, what's difficult is to let go of it

    I fully agree
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  • Profile picture of the author MikeTucker
    Thanks for the replies everyone, I know they're meant to be helpful.

    Please understand I'm not looking for general advice on how to purchase domains, whether they're worth it, etc...

    I'm specifically asking if anyone has any direct experience with this situation, and about how long it takes domain names to drop from their initial prices in general after they've been allowed to expire by someone else? My secondary questions are whether searching for it every few days with domain vendors actually does keep the price inflated or if that is just a rumor, and if there's a better way to monitor the price?

    These are the specific questions I'm hoping to find answers from, based on direct experience that anyone might have had. Thanks in advance!
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  • Profile picture of the author ryanbiddulph
    Your skills Mike, and not a domain name, make money buddy. Buy an easy to visualize domain name then get busy creating and connecting, and you will eventually succeed.
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  • Profile picture of the author MikeTucker
    Thanks, I'm sure that advice is going to be helpful to someone who stumbles across this thread...
    However, it doesn't help me, what I was hoping for is the answer to the very specific questions that I asked.

    Thanks in advance.
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  • Profile picture of the author navneetsinghseo
    In today's time purchasing a domain is not a difficult task. There are many platforms who provide you the domain at the best prices. You can buy hosting at a combo price of more than one year but there is no such option in purchasing of domain. You have to buy a domain for the first year only after that there is a renewal rate that you have to pay. Now, what you can do to save your money or what to compare in different platforms. Right? Every platform has its own purchasing price and renewal rate for next year. Then you have to compare it from different platforms. According to my experience if you want to buy a domain then Godaddy is the best option.

    Now let's come to your next question that is how to get price drop alerts? There is no such platform who provide you the direct notification of the price drop alerts of the domain. You have to check for the particular domain regularly or you'll find the latest deals in the deals section. It is the best way to choose the right domain as per your requirement. I hope this answer will help you and give answers to the maximum questions.
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  • Profile picture of the author renukoot
    It works the same way the Airfares prices go up when you start searching them. All behavioral monitoring
    For me, if you think that Price is Good for you to Pick Just Pick It Up don't wait
    You may never know when it will be going down or if someone picked it up in your course of finding
    LIKE IT GET IT
    Nothing else works
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  • Profile picture of the author jason019
    no need to buy that domain.
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  • Profile picture of the author LindyUK
    Hello Mike

    I can answer this for you, we buy hundreds of domain names both for ourselves and for our Agency clients, but also have similar personal experience.

    If it is held by a domain Investor it is very unlikely you could ever get the domain name without paying the price they want. It is simply supply and demand, only one such domain name exists, and if they think it is valuable they will hold it for years waiting to cash in. Some domain names have sold for millions of dollars, for example: insurance.com for US$35 Million and privatejets.com for US$30 Million. I think there are even higher examples.

    The only way you could possibly get the domain is if they slip up on re-registering it, but they have a grace period of 30 to 40 days after registration is due, and they will receive reminders during this time. Most large scale domain investors will also use software to keep track of their inventory so they re-register on time.

    GoDaddy provides a Domain Broker service where they will watch a domain name for you and snap it up if it becomes available. They charge a fee for this service but reasonable.

    I don't believe rumours that vendors will elevate the price due to searches for a domain name.

    Domain investors are sometimes open to offers, but very unlikely they will drop from a very high asking price to a reasonably low offer price.

    I mentioned we have personal experience. We have purchased a few domain names where the price was into the low thousands. These were names associated with our Agency that we wanted to protect, plus a few for clients.

    Just in the last few weeks my Daughter has run into this same situation. She wanted to purchase Sherri.com and Sherri.co.uk to use for a new fashion business. Here are replies (in part) from the Broker who was handling one of these domain names:

    1. I am a Broker with zzzzzz. I represent the current owner of the domain name sherri.com.

    I was able to speak with the seller and based on many criteria they have determined a value of 49,000 USD.

    This seller is open to offers, please don't hesitate to make one.

    2. Hi Sherri,

    Some sellers in our marketplace will allow buyers to pay for the domain over time. Typically, they require 30% of your total offer down and the remainder over time at an amount that works for both parties.

    The great part is you can use it as if it were your own after the downpayment.

    3. Hi Sherri,

    If you cannot commit to the asking price I suggest you make a maximum offer and see if the seller will accept.


    Would you like to submit a maximum offer?

    Sherri wasn't willing to pay any where near what they would want, so she just searched for another suitable variation.

    Cheers
    Lindy
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  • Profile picture of the author sn1b
    A domain name can be listed for sale by a brooker at 50 000 U.S.D., then end up with a proposal at 15 000. For sure, don't look at the price, the seller know it's over evaluated but hoping your stupid. Some days later, the brooker (if in that case) will largely reduce the price. If you have examples regarding what your looking for, would be interested to have a look at it and give you my feedbacks.
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    • Profile picture of the author DABK
      Or, the seller has already got offers at 45,000 and knows it is only a matter of time before somone offers 50,000.


      Or they do not have to sell but will if somone made them a great offer.


      Or they listed it at 50,000 and within minutes the bid went up to 78,472 and they realized it's worth a lot more than they dreamt and will sit on it, listing it every now and again at the highest offer they got the last time, just to see what they could get, so they could list it on some loan application under assets, thereby increasing their chances of getting the loan.

      Originally Posted by sn1b View Post

      A domain name can be listed for sale by a brooker at 50 000 U.S.D., then end up with a proposal at 15 000. For sure, don't look at the price, the seller know it's over evaluated but hoping your stupid. Some days later, the brooker (if in that case) will largely reduce the price. If you have examples regarding what your looking for, would be interested to have a look at it and give you my feedbacks.
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  • Profile picture of the author sonamathews
    The big reason why some of the domains comes with high price is because either they were in use and made their presence in the online world or they are already containing the words or phrase which is highly popular.


    In such case if you are looking for .com, I suggest you buy domain with some other TLDs
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  • Profile picture of the author DABK
    Mike, if you've wanted it for a decade, it is not the kind that loses value.

    It might be over-valued by the current owner... But that means nothing: different investors have different situations and you do not know which one the current one has so you cannot predict anything.


    Originally Posted by MikeTucker View Post

    Domain I've wanted for over a decade recently became available but at a ridiculous price, higher than what I estimate the entire niche is worth online for the next 10 years.

    Seen this happen before, and after a while the price drops to something more reasonable, but I've never tracked how long it takes?

    Also, I've heard rumors that even just searching the domain with vendors will artificually elevate the price, especially with certain popular vendors?

    Does anyone have any experience with this?
    Are there any tools or methods I can use to be notified when the price drops?

    Thanks in advance.



    EDIT-- What I am NOT asking:
    How much other domains are.
    Whether you think it is "worth" it.
    Whether you think the domain is important.
    Anything else that you think I need to do, or care about.
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    • Profile picture of the author MikeTucker
      Originally Posted by LindyUK View Post


      Domain investors are sometimes open to offers, but very unlikely they will drop from a very high asking price to a reasonably low offer price.

      Cheers
      Lindy
      Lindy, thank you for the well informed answer, I really do appreciate it. I like that idea but don't want to lock myself into saying it's a "maximum offer" when the truth is I'll probably pay the full amount if I have to... Maybe I can say something like, "All of my research leads me to estimate that the domain is probably worth $X over the next 10 years, so I would like to offer you this much."

      In your experience, is that something that works? Or should I just use that GoDaddy service to snap it up before they renew, or another investor grabs it?



      Originally Posted by DABK View Post

      Mike, if you've wanted it for a decade, it is not the kind that loses value.

      It might be over-valued by the current owner... But that means nothing: different investors have different situations and you do not know which one the current one has so you cannot predict anything.

      The thing is... It doesn't actually have much inherent value in the first place. The embarressing truth is that it is more a matter of vanity than anything else... I want the domain because I want it, not because it is really worth it monetarily...

      But you might be right... The value to ME is certainly not going to drop. Maybe I should just feel like a sucker and pay full price before someone else does... Perhaps I'll regret it for a short time but two or three years from now I won't be wishing I missed out?

      Brain Vs. Heart
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    • Profile picture of the author MikeTucker
      Originally Posted by DABK View Post

      Mike, if you've wanted it for a decade, it is not the kind that loses value..
      Well, as of this morning I'm the proud owner of an overpriced domain. Kind of regretting not negotiating harder or holding out for the price to drop, but oh well... In a couple of years I'll be glad I didn't miss out on it again.

      Thanks everyone for your responses, information, and perspectives.
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      • Originally Posted by MikeTucker View Post

        Well, as of this morning I'm the proud owner of an overpriced domain. Kind of regretting not negotiating harder or holding out for the price to drop, but oh well... In a couple of years I'll be glad I didn't miss out on it again.

        Thanks everyone for your responses, information, and perspectives.

        Well that is a happy ending because I was just about to make a post about REGRET.



        I once made a WSO generated about $4500 in 30 days just from bumping it then went over to Flippa and posted the Title of the eBook as a Domain Only Auction with a Bonus Proven Sales eBook. Made another $2500. Yep was damn lucky.


        And that was another Profile back when you could delete a profile if you sold the Branding to it. But the auction still on Flippa.


        Let's see how many people never see Your Post of Purchase.
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  • Profile picture of the author LindyUK
    Hello Mike

    Re: "In your experience, is that something that works? Or should I just use that GoDaddy service to snap it up before they renew, or another investor grabs it?"

    As I mentioned, if it is owned by a domain investor it is very unlikely that they would not renew it on time, or at least within the grace period. The GoDaddy Broker Service can only pick it up for you if they really stuff up and even miss re-registering the domain within the grace period, so I certainly wouldn't rely on it.

    If you really really want the domain you will have to try your luck in making an offer that you can afford.

    I just looked my name up. lindy.com is taken. I can buy lindyinc.com for around $3,000. But wait. lindy.rocks is less than $10 and that sounds sooo like me! lol. Anyway, wishing you luck.

    Cheers
    Lindy
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  • Profile picture of the author AceOfShirts
    I believe that visiting or checking on the domain will not only raise the price, but increase the chances of it getting renewed.

    Most domains bought by investors are made into landing pages with ads that pay on pay per view or pay per click. Some might even link directly to an affiliate offer.

    Every time the page gets visits the owner is probably earning a small advertising fee. Even if they just earn $20 a year on the domain and it only costs about $10 to renew they are doubling their money and will probably renew. If they earn less than the renewal fee they are more likely to not renew it.
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  • Profile picture of the author agmccall
    There was a domain I really wanted and was being sold for a ridiculous price. I did some checking and there was no site associated with the domain either past or present. So I added the word "the" to the beginning and bought it for $13.00 and actually adding "the" to the domain made it, in my opinion, better.

    The domain you want might not work but there might be another simple word to add to it.

    worked for me but maybe not for you

    al
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    • Profile picture of the author Frank Donovan
      Originally Posted by agmccall View Post

      The domain you want might not work but there might be another simple word to add to it.
      You tell him that now, after he's bought the original domain name.
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      • Profile picture of the author agmccall
        Originally Posted by Frank Donovan View Post

        You tell him that now, after he's bought the original domain name.

        Well, I still thought it would be helpful for others

        al
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  • Profile picture of the author David Willy
    As far as my knowledge, godaddy normally do fake price rise if you keep on searching a specific domain.
    You can hire a developer who can code a tool for you that notifies when the price fluctuates.
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