Well over the weekend it looks like I won an award from DomainNameMojo for having the “Most Overpriced Sale Of 2011″”
Where can I pick up the award?
The blogger goes on (and on) to state:
“As you may already know, WWMI sold BoatingIndustry.com for $25,000 on Afternic.”
“The domain is far overpriced. ”
“Afternic evaluates the price of domains to protect the integrity of their domain name sales platform. In no way, shape or form is this domain even worth 10% of the sales amount.”
“CampingWorld.com paid $25,000 to acquire BoatingIndustry.com. The domain stats are mediocre at best, especially when it was originally registered back in 2002. Afternic has notified me to reduce the price of several domains that are worth far more than the domain they allowed to sell at multiple times its worth.”
“Afternic claims they evaluate domain prices to protect the integrity of their sales platform.”
“What I don’t understand is how they let an overpriced domain such as BoatingIndustry.com to sell for $25,000. There is no way to justify the sale.”
“I consider BoatingIndustry.com the most overpriced sale of 2011.”
“In my opinion, WWMI and Afternic overprice their domains to take advantage of the end-user. End-users don’t stand a chance in the face of these companies. These companies have a used-car salesman mentality, which makes it hard for average domainers to function without experiencing conflict when contacting an end-user.”
“IMO, WWMI and Afternic seem to focus on maximizing every sale to the fullest instead of running a fair system. ”
“IMO, as an end-user, you can’t expect to buy a domain from these domain companies at a fair price. Be prepared to overspend to acquire a domain.”
“In my opinion, they will take advantage of the end-user until they get the price they want.”
“I respect TheDomains blog owner for maximizing his sales, but it does nothing to improve the quality of our lives.”
“The domain offers he rejects sometimes infuriates end-users to point in which they are unprofessional to average domainers. The WWMI owner already overcharges internal tourism bureaus on visit (city or country) dot com domains.”
So you got me.
I’m in business to make money.
Yet in my defense, I’m not one of those domainers that tell every end user that comes along that I will only consider offers into the six figures as some do and have done for years.
If we overpriced all the domain we had would we consistently sell seven figures of domains every year, year after year?
Would companies be able to buy a domain for chump change, or what the blogger would consider a small fortune and then move on to win the TechCrunch Disputer award and the $50K cash price or become a site that is seen on every TV program for several weeks.
So my contribution back to the domain community comes not from giving my property away for pennies on the dollars but by publishing TheDomains.com and giving all who want to read it some insight into the business of domaining, hopefully to improve their bottom lines.
To that end here’s a couple of more thoughts:
Has anyone you ever sold a domain too for too little come back to you and thanked you?
Offered you extra money, a bonus for giving them the chance to acquire a domain for a bargain basement price?
Has anyone in a overwhelming sense of guilt sent you more money after they hit it big on a domain you sold way to cheap?
I didn’t think so.
Are you still selling domains based on “The domain’s stats?
Really in 2011?
“The keywords are not even searched 1,000 times per month. ”
If you have a brandable and/or memorable domain, or one that covers an industry for chump change, then you’re a chump.
Now back to that award.
Feel free to engrave
I will proudly display it right next to the Domainer of the Year Award and the Domain Hall Of Fame plaque that sits proudly in my office.