The sell of of IREIT domains continues over at NameJet.com this week.
What’s lost in the story is the fact that this strategy by IREIT to sell their domains in this fashion, all starting at a $69 reserve is that domain names are in fact a Liquid investment.
The debate has raged for quite a while are domains liquid assets, that is can they be sold and turned into cash quickly if they need to be.
After watching IREIT domains selling on NameJet for decent prices the answer is YES.
A good domain will sell, even in the worst of times, immediately for decent prices, making the domain market highly liquid.
Now the naysayers are going to say well you can sell anything if you will to take 50% of the value of a it, but the real estate market, shows that this is certainly not the case for all assets.
Real Estate, considered to be an illiquid assets, is for sale all around the country at 50% off and at this point there is still hundreds of time more inventory for sale at this level than are actually selling.
When you look at what IREIT and namejet has been doing, selling inventory off, taking in hundreds of thousands of dollars in revenue in 10 days, you have to come to the conclusion the domain aftermarket is active enough, with enough buyers with cash, the domains can be sold, quickly and easily.
When added to the other domains reportedly sold this week, $481K at the silent domainfest auction at snapnames, $1.25 million for toys.com, $100K for hobbbies.com, $400K for Malaysia.com sold by Live Current, $600K of domains at Sedo, $240K in domains at Namejet.com (just the domains I follow, see below) add up over $3M in sales in a week.
Ron Jackson will have even more sales when he complies his list on Tuesday. (last week Fly.com sold for $1.8M)
So no one can argue that good domains are not liquid.
Like anything else you will may not get top dollar when you have to sell domains, but you will find buyer and turn your asset into cash.
Here the sales from NameJet.com that we tracked for this week (please note that not everyone of these domains we IREIT domains but many of the higher priced ones are):
| discountbedding.com | $22,311 |
| waterpurifiers.com | $15,655 |
| ifamily.com | $12,400 |
| foreclosurelist.com | $11,600 |
| zigo.com | $11,301 |
| familyplan.com | $9,200 |
| hairbraids.com | $9,200 |
| puppyfood.com | $8,433 |
| educationdegrees.com | $8,000 |
| stairway.com | $8,000 |
| bargainhunt.com | $7,600 |
| medicaltechnology.com | $7,400 |
| sack.com | $7,105 |
| liveentertainment.com | $6,612 |
| motorist.com | $6,200 |
| headband.com | $6,055 |
| powershift.com | $5,700 |
| skindisorders.com | $5,500 |
| sneakpeak.com | $5,400 |
| outrank.com | $5,100 |
| musicstars.com | $4,988 |
| rolloff.com | $4,600 |
| roofingshingles.com | $4,600 |
| pcinfo.com | $3,900 |
| slammer.com | $3,700 |
| roofhatch.com | $3,700 |
| onlinetutorial.com | $3,655 |
| onlinefootball.com | $3,400 |
| goku.com | $3,100 |
| coronadobeach.com | $2,700 |
| graduatestudies.com | $2,678 |
| noloadfunds.com | $2,633 |
| carshoppers.com | $2,500 |
| energyalternatives.com | $2,200 |
| givingthanks.com | $1,980 |
| supportstaff.com | $1,975 |
| hotrodcars.com | $1,950 |
| neckinjuries.com | $1,811 |
| findfood.com | $1,811 |
| burma.org | $1,620 |
| allscrubs.com | $1,600 |
| masina.com | $1,555 |
| freebrochure.com | $1,100 |
| $242,528 |
A good way of looking at the total market; not just “slivers” talked about here and there.
When aggregated as you’ve done; and this doesn’t even include the many 100’s of weekly sales at the other venues or all the many undisclosed sales; the domain market is actually quite robust.
While arguably not at the same price level of 2007/ early 2008, it’s far more active than many other markets in today’s economy.
$69 reserve is good if minimum NameJet commission is like $20 or so.
What if a domains sells at $69?
How much is the seller paid?
Thanks.
Mike,
Hey coronadobeach.com was a great deal for the buyer. Looks like a local realtor picked it up.
Too Many
Agree I it was a good buy. Actually I was the one the winner outbid.
Think its a very good thing that some of these domains wind up with end users rather than domainers.
We always talk about opening up our auctions to end user and as end users start learning about domains, it can only help our industry
Mike,
I believe there is another party in between iREIT and namejet, thus the privacy on many of the domains. So this is more a story of successful flipping than anything else.
Chris
Then that would be an additional story, but the bottom line is if you need to sell domains, you can do some in short order for decent money
Why is iREIT selling all these domain names right now?
Hold your horses until next week; quite often there are deadbeat winners at NameJet. I’ve been compiling a list of usernames to uncover repeat offenders as some auctions go into the 5 figures and yet the names get re-auctioned due to lack of payment.
Acro
I no at least 1 of the big money domains won’t be coming back because I bought it.