Should the domain industry allow for the ridiculous, names being listed for sale at prices that border on the absurd?
This has long been the forte of an Ebay, but what about a Sedo or Namepros?
There was a thread on Namepros about whether the rules should be changed?
Imadoer posted:
How many times have you clicked on a domain for sale and seen that the person is asking a million dollars or more for a reg fee name? Is anyone tired of the waste of space??? I know we are all dreamers but to post something on a reseller forum for sale with really absurd prices shouldnt be allowed,
Thoughts and opinions appreciated
Not allowing for things like Porn786.com for just $7.5 million.
That thread above has been bumped over 150 times, running since the end of 2017.
Interestingly some people think these threads are highly amusing and one commenter said it made them feel better about themselves. Kind of like how people who watched Jerry Springer said it made them feel better about their own lives in comparison to what they were watching.
Sedo has some interesting prices as well, can I interest you in Clothing.Futbol for just 16,777,215 GBP? How about NoPrivate.com at 16,777,215 USD I mean it is a .com.
So does crazy pricing make the industry as a whole look ridiculous or just the few brave enough to ask for the real big money?
Clothing.futbol? woahhhhhh
yes dump every single GTLD. and only keep .com and every CCTLD
You can’t have rules on what is a “reasonable price” otherwise it ends up like Sedo where you buy a name for $X and they tell you have have to price it at half of what you paid.
I’d say the problem is allowing bump posts, 150 times? That is a problem with the platform, not the owner.
You can’t have a person, or even an algorithm, deciding what a reasonable price is on marketplaces. Other than the obvious problem that Snoopy mentioned, many domains do actually sell for unreasonable prices. It’s the seller’s prerogative to ask what they want, and if you don’t ask for crazy prices you’ll definitely never get them.
That said, marketplaces could implement a quality AI valuation and allow visitors to sort by “Best Value” instead of just price, traffic, offers, etc. Basically rank the results by the ratio of the asking price to appraised value. That way the complete idiots and dreamers get buried and less time is wasted. Showing a bunch of domains that will never sell hurts the marketplaces’ chance of making a sale and earning a commission.
Sorting by price is ineffective because then you only get “crap” or “crazy” depending on which way you sort. But a Best Value sort could show a million dollar domain priced at $200k right next to a $5k domain priced at $1k.
And for NamePros, you can solve the problem like Snoopy said, just by not allowing more than one or two bumps before mods close the thread. The sellers will eventually learn how to price for resellers when they make no sales, and less time will be wasted. That way you only have to see a dumb thread two or three times instead of 150.
Also, they might reconsider the “no commentary” rules in sales threads. This is probably too slippery of a slope as people will start making nonsense comments like “nice name” or trying to tank the sales of other people. But it could help people learn faster if others were allowed to give them constructive feedback in their ridiculous sales threads instead of just ignoring them.
Ridiculous price are in the eye of the beholder… Where do u draw the line?
Everyday I see finished Auctions on Godaddy and Namejet with what I think are ridiculous prices.
I hear experienced and well seasoned domainers and brokers explain some of their Sale and Buy prices and I think some of those are ridiculous prices.
I see expiring domains like xxxjjjjxxxxxxuuuuukkkk-123788.com com up think how ridiculous the Reg Fee was.
I make offers on domains and get back super ridiculous prices.
I see what Frank and Rick want for some of their Domains and I think those are ridiculous prices.
‘Ridiculous Pricing’ is in all domainers
The price demand is no problem; but my question is do any one buy the? Any one can ask for any amount but can anyone buy such domains for such price. In my opinion, it meant they are not ready to sell such donains; it is as simple as that.
The domain industry is built on dreams.
Of course namepros buried my thread again. Anytime u make any vomment avmbout cleaning stuff up it gets buried.
I think the million dollar price tags on reg fee domains is a waste of space I also think the same about 63 character .top domains that get posted 6000 times. Idk i feel like there needs to be some things clean up on the forum. But that’s my opinon alot of you guys are just perfectly fine with reading the same dumb crap everyday… let the guy dream lol how about put some reality in the guys brain
Also my comment was about the forum not the marketplaces.
If your on a reseller forum why price domains that you paid $8 for 1m+
That’s what this was about
But everyone has there own opinon
It’s not an industry; it’s a market. Sellers ask, buyers offer. It’s the same for any other market. If you watched the bids and asks for any shares of equities on the NASDAQ, you’d see similar crazy asks far up the queue from crazy sellers of shares and you’d see equally crazy offers far down the queue from crazy buyers of shares. You just happen to be watching the crazy asks from crazy sellers in the much less liquid — but no less crazy — market for domain names.
Yeah the example here would be that someone has a sell order on Google at 8million, not really likely.
The domain Industry needs to do away with domain pumping and dumping by domain registries and seasoned domain Investors. That’s what is ridiculous.
There will always be novice domain Investors asking too much money for domains. That’s not hurting anyone other than themselves.
What did that have to do with people asking millions of dollars for hand regs that are worthless?
Registries are doing their business selling their strings, you don’t like it because you are not interested in new gtlds. What does that matter to them?
I own .app domains, which are nTLD’s