01-08-2007, 10:58 AM
(This post was last modified: 01-08-2007, 11:00 AM by goodkarmaco.)
Domainer,
The reason it is so difficult to make big bucks is not because you are doing something wrong.
It is because all the big auction houses that are supposed to be maketing our names are sitting back taking 90% of our money from parking them. So they are not marketing our names.
To market our names, they would have to spend large sums of money to advertise domains to end users, those small busines owners. Until that happens we will sell a name here and there and if lucky sell a high priced name.
Many of us expected to make money from domains, but reality is few make decent money. But when a big name sells we don't think of the millions of names that are sitting in the auction houses that will never get seen by the buyers or end users.
For instance Moniker is going to have a live adult domain auction at a porn convention. We will see names selling for hundreds of thousands of dollars. Names that are no better than ones you or I may have. The difference? They are seen and the buyers want the publicity so they bid up names that more than likely they could have bought from us individually for much less money by going to any major auction and doing a search. But they fall all over themselves and pay big bucks for the name, like they never saw a decent domain before.
Sure I would like to sell a name at inflated prices, but why in the hell don't more buyers make bids on names when we all have them listed for years and years.
I will tell you why. The auction houses are not doing their job. That job is to get visitors into the auction houses to create selling activity for us domainers.
The reason it is so difficult to make big bucks is not because you are doing something wrong.
It is because all the big auction houses that are supposed to be maketing our names are sitting back taking 90% of our money from parking them. So they are not marketing our names.
To market our names, they would have to spend large sums of money to advertise domains to end users, those small busines owners. Until that happens we will sell a name here and there and if lucky sell a high priced name.
Many of us expected to make money from domains, but reality is few make decent money. But when a big name sells we don't think of the millions of names that are sitting in the auction houses that will never get seen by the buyers or end users.
For instance Moniker is going to have a live adult domain auction at a porn convention. We will see names selling for hundreds of thousands of dollars. Names that are no better than ones you or I may have. The difference? They are seen and the buyers want the publicity so they bid up names that more than likely they could have bought from us individually for much less money by going to any major auction and doing a search. But they fall all over themselves and pay big bucks for the name, like they never saw a decent domain before.
Sure I would like to sell a name at inflated prices, but why in the hell don't more buyers make bids on names when we all have them listed for years and years.
I will tell you why. The auction houses are not doing their job. That job is to get visitors into the auction houses to create selling activity for us domainers.