Hey Everyone!
It has been quite a while since my last post – been a pretty busy summer up here in Ontario. Anyways, over the last couple of months I have only sold a handful of domains, but a good handful of these have been through Francois Carrillo’s BargainDomains.com.
By the numbers:
6 domains sold
$539.41 invested in those 6 domains
$1254.80 profit AFTER commission
$715.39 in net profit
132.6% overall return
I should also note that all of the domains sold were purchased in mid-2010, giving a VERY healthy yearly return. Additionally, nearly all buyers communicated how very happy they were with the price they paid for the domains. As a bargain aftermarket shopper myself, it is great to pass along these deals while making a decent profit in return. What is even better is that the 132.6% overall return is not too unlike the 192% returned I received across 91 sales at Bido.
With the removal of listing exclusivity, premium member flexibility and the reduction to a 7% commission, I think BagainDomains.com is one of the best places to sell domains with a decent Valuate.com/Estibot.com appraisal. The after-auction service provided by Francois is quick and courteous while the listing manager is simple and to-the-point – ideal for any auction site.
Not only has Francois’ vertical marketplaces provided me with some solid auction sales, it has given me the opportunity to build relationships with my buyers. I have had post-sale communication with two buyers that have already resulted in another couple of mid $xxx sales. This is rarely achieved at such a marketplace.
Be sure to check out my BargainDomains listings at DomainPortfolio!
Cool article. I’ve also had success on Bargain Domains, as well. I wrote a few posts on my other blog. Congratulations on your high returns. There are many ways to probably make even more in total profits. If you can average $50 on 20 domains that are worth $500 a piece on the appraisal system, you can make several times your investment.
With at least $160 investment and 8% commission, you can make 6 times your investment, which is about 600%.
I own many good names that can sell on the website now. However, I have to wait to put them up on Bargain Domains since there’s the transfer grace period. These are names that are great investments. Good luck on your current batch of domains.
Jason
Thanks for the comment, Jason!
It’s great to see so many posts regarding Bargain Domains in the last couple of weeks – I really hope that helps with it’s traction. With the addition of DNWStats on the weekend, I can only see it getting better.
Cole
@Jason – 6 times your investment is a 500% return, not 600%.
Auction reserve price: $ (maximum is 15% of appraisal value: $180)
Buy-It-Now sale price:
I can’t understand the above. I thought was 8%.
Otherwise, what really is ?
Last but not least, who does the domain appraisal ?
Please, explain.
Thank you !
Hi there George!
I’ll try to clear a couple of things up for you. The reserve price can be a maximum of 15% of the appraisal while the buy-it-now price can be up to 40% of the appraisal.
The domain appraisals are handled through Valuate.com, which, in turn, gets their evaluations from Estibot. As with any appraisal service, there are flaws and inconsistencies, so the numbers always need to be taken as just 1 of many tools in truly evaluating a domain.
I hope this helped a bit, hopefully others will share their views.
Thank you for your response. I’ve two more questions; please.
1. Usually, how long most people place domains for sale ?
15 days, 1 month, two ?
2. “Buy It Now. While a domain has not received a bid over his reserve price it can be purchased immediately for the price you decided.”
The price I “decided” was the Buy It Now.
Do you mean if Buy It Now price was $300 I can sale it for $250?
Sorry for many questions.
Thank you for your patience.
George
Thanks Cole for this unexpected but apppreciated post.
I see you sold another domain yesterday, this time at BIN!
List quality domains pays.
…
Georges,
The delay for which your domain will last in our marketplaces is no longer critical as it was in the past because:
- You can remove a listed domain at anytime.
- There is no listing or brokerage exclusivity (except during the few days a domain can be in auction).
So if your domain must not be listed soon in another marketplace/auction that requires exclusivity I recommend you to set the longest avilable listing option, you will mmaximize your sale chances.
Regarding your other question:
The reserve price is the floor price, the price for which nobody can obligate you to sell your domain. In all our vertical marketplaces (much more to come) YOU decide of the value of the reserve price except in BargainDomains.com where we do not let you set it over 40% of the appraisal value. Normal, this marketplace intend to only sell bargain domains!
Now,you know as me that we all want to maximize profit so we often set the reserve price at a level that is not reasonable according the current market, this is why few weeks ago to try to create liquidity we intrdoduce the “start bid”.
The “start bid” is the bid for which anyone can send your domain to auction, it’s computed by us (thanks to your reserve and your appraisal). The idea behind is to offer an opportunity to test the market for your domain at a more reasonable price. It’s a way for buyers to show you their interest for your domain and for tell you the price they will be willing to pay for. This also may wake up the interest of others bidders (because a domain in auction get much more exposure) and finally your domain get bids over your reserve price.
Now, what happen if the auction finish with the highest bid under your reserve?
We give you 24H to decide if you want to sell your domain to this price. You have no obligation, if you do nothing your domain is not sold. Now it’s for you an opportunity to sell it. How many times you have pested in other marketplaces to not have set the reserve a little lower because the highest bid did not reached your reserve?
Well, well…finally someone doing business making sense.
Thank you so much for your very good detailed answer.
I do like the system and I’ll start selling some domains to test it. After all, I’ve to generate some profit so I can pay those $95 subscription. Thanks again.
Cheer,
George