Just buy smart and spend more time in your underwear making phone calls. I know of other associates who are cold-calling endusers and flipping domains in the $25k range and doubling their investment. Rob’s comments are spot on, I’m doing the same with my clients’ and my domains from $200 – $20,000, sold to end users. There were some good buys, just based on the fact that I got one myself. However, some of the comments here, save Acro’s, are misguided. Now is a great buying opportunity, if you are smart about it. And sales of “non-speculative” domains, especially those below $10,000, are still robust. It’s bad news for the folks at Moniker, who have to spend as much time organizing an auction that sells $700,000 as one that sells $10,000,000. A year ago they used their PPC revenue to buy domain names now they are using it to pay their domain renewal fees.Ī year or two ago they would have bought domains that have little end user business potential but are one word, such as and .īut I’m not worried. Now they are barely covering their business expenses. I also talked to several people who used to live off of domain parking revenue. For the past few years, they could make mistake after mistake and still make money. For the first time, many companies are having to create things called “budgets” and “business plans”. People that bought domain names indiscriminately over the past few years are beginning to analyze what they’re doing. (I expect the total after the silent auction to run into seven figures.) If they were in the auction room, the total would have topped a million dollars. They were outside the auction room, sitting on the sidelines. I ran into a couple people that usually bid heavily in live domain name auctions. The mood in the room was somber as domain after domain was passed.īut the news wasn’t what was going on in the room, but what was going on outside the room. With under $700,000 in domains sold, it may have set a low point for a general Moniker live domain auction. Yesterday’s DOMAINfest Global live domain name auction wasn’t pretty. Domain name auction pulls in under $700,000, but mid range domains continue to sell.
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