My 99 Cent Ebay Domain Name Auctions

Ebay is not the greatest place to sell domain names. We all know that. The short auction times don’t result in getting attraction to the best buyer for your domain name. I’ve made some great acquisitions over the years that I’ve held on to for far too long. Whether one sells on Ebay, Sedo, at Snap Domains or any one of a number of venues, the most important thing is to build a reputation and following.

My Ebay feedback rating (as of today) is 100% of 425 transactions. I push all domain names free to your Godaddy account within 6 hours of receiving your mone 95% of the time, within 24 hours 100% of the time. I sell all domain names using Paypal as my method of payment. Each of the five domain names I’m featuring today have a starting bid of only 99 cents, with no reserve price setting. Thus, they will all sell to the highest bidder, regardless the final bid price.

With those simple terms in mind, check out the domain names I’m currently auctioning on eBay.   You can either go to Ebay and search for the domain name (shown below), or do an “Advanced Search” and search “By Seller.”  My Ebay seller ID is bizgenie.

 

What Domain Names Am I Selling On Ebay Today?

 

I’ve owned each of these domain names for some time, in some cases several years. The most valuable of the four is IY8.com — a 3-letter dot com domain name that has been appaised at over $12,000. This domain name has been indexed in Google for some time.

I’m also auctioning a couple of 4-Letter LLLL domain names. One is the 4-letter dot com domain name, MJMR.com. This domain name could be used as a tribute site to Michael Jackson or Michael Jordan, a business name, etc. It has outstanding branding possibilities.

My second 4-letter LLLL domain name is AUCN.org. What a great domain name for anyone in the internet auctions business. The four letters actually are pronounced as “auction.” If you’re an Ebay Powerseller, this is the domain name for you.

Another “auctions” related domain name I’m selling on Ebay is AuctionsPro.com. This too, is another super domain name for any eBay Powerseller to run his business under.

The final domain name I would like to highlight today is WorkatHomeCircle.com — an outstanding domain name for any work at home entrepreneur or anyone wanting to create a blog for the work from home genre.

If you’re interested in bidding on any of these domain names, go to Ebay now and search either for the domain name or do an advanced search “by seller” based on my Ebay ID of bizgenie.

The Key to Earning Top Dollar for Your Domain Name

Without a doubt, domain names are typically worth much more than what they normally sell for over 95% of the time. I have no scientific or statistical data to back up this statement, but if I’m off on my 95% estimate, its because its even higher, not lower. I know because I’ve been at this game for a while, make thousands of observations, and sold and bought domain names on multiple forums. I’ll offer the following observations and examples to demonstrate why I believe this to be true.

To demonstrate what I’m talking about, let’s consider as examples a few domains of my own, as well as some recent domain name sales on Sedo.com. Among some of the great domain names I own, ones I particularly like that I feel are valuable include: CashJackpot.com, InternetHighSchool.com, eSalesman.com and URL1.com. I own many that are better and more valuable, but these are three that quickly come to mind to prove my point. Of the four, I’ve only attempted to sell one of them in the past — CashJackpot.com. I placed it on Sedo a couple of years ago and it drew several offers over the 3-month period I parked it at Sedo. But all the offers ranged from $500 to $1,500 — far less than the true market value of this domain, which could be used to promote a casino, gambling, a lotto or lottery, etc. None of the offers I received were from people willing to negotiate higher.

I am the original domain owner of all 4 of these domains and have renewed them every year since buying them several years ago. Given the success of online education and high schools offering courses online, one would think that InternetHighSchool would be of value to any number of educational companies or institutions wanting to offer GED curriculums or online high school courses. So how many offers have I received for this memorable domain name and search phrase. Precisely — NONE!

eSalesman.com is a great domain name that could be used as a portal for people interested in Internet marketing and sales, a community site that focuses on people who sell online, etc. It could even become a new dictionary word in the future to label anyone who does business online. So how many offers have I received for this domain over the course of years I’ve owned it? Precisely — NONE!

URL1.com can be viewed in two lights. One could view is as not worth more than $200 or $300 because its (1) 4 letters, and (2) is not all letters, but instead is a mixture of numbers and letters. However, one could also place a very high value on having it because of its brandablity and marketability. URL1 could literally be marketed and advertised as the “Number 1 address on the Internet.” It will always have sites linking into the domain name because hundreds of sites that offer information to webmasters and web users, often use in as an online example, URL1 and URL2 when comparing one site verus another, or explaning how to install or point software on one site versus another.

So how many offers have I received for URL1.com since I first registered it 10 years ago? Precisely — NONE!

Now what do all 4 of these domains have in common? The answer is this — with the short-lived exception of trying to sell CashJackpot.com on Sedo for a very brief period, all 4 of these domains have not been promoted as being “for sale.” That is, I have not tried to market them. But if I did choose to market them, I would need to spend a little time developing a plan and strategy on how, where and how long I would promote them to increase the chance of selling them for something approaching their true value.

The Key to earning top dollor for your domain names is in finding and getting matched with the right buyer. For what a domain name is worth to one person is very different to what it is worth for someone else. Getting exposed to the right group of prospects and ultimately finding the perfect match for a buyer is not as easy as it might sound. But when you do luck up and get exposed to the right buyer at the right time, the outcome is always a high sales price that will surprise most people.

To offer proof of this acclamation, consider 2 very recent sales on Sedo.com for HandyDude.com and BuilderZone.com. I can assure you from my personal experience in selling domain names on Ebay, that neither one of these domains would sell for over $50 on Ebay. In fact, if I had to guess, I would say that depending on time of day, length of auction and the prices you normally see domains sold for on Ebay, these 2 domains would have sold for no more than $50 on Ebay, and more likely would sell somewhere between $8 and $30. But because of the greater exposure they received on Sedo after they got their initial bids, and because the right buyer happened to come along while the domains were still for sale, the actual selling prices for thee two domain names was: $1,800 for HandyDude.com and $5,800 for BuilderZone.com. The sales prices for both shocked me, but without a doubt they are classic examples of being at the right place at the right time.

The moral of this story is this: If you own a valuable domain name, you really need to promote it and get all the exposure you can for it before you start pushing to sell it and before you can hope to get a price something close to the true value of the domain.

Widgets.com Bidding Peaks at $175,100 With No Sale

The eBay auction for Widgets.com closed without meeting the reserved price. A total of 66 bids took place over the course of the 7-day auction, with the 66th bid coming in at $175,100. Since that wasn’t enough to surpass the reserve price the domain name went unsold. The auction drew an amazing 2,890 visits, so it was obvious the seller did a good job of pre-promoting his auction, as most domain auctions on Ebay attract less than 150 visitors.

In more news, my research project on determining the value of 4-letter domain names on Ebay versus Sedo and TDNAM.com is nearing an end. I’m choosing to keep great 4-letter domain names like PGAU.com and selling off 4-letter domains that contain an X, Y, Z, K, Q or V in them. Ten recent sales of these type of 4-letter dot com’s on TDNAM.com averaged only $60 each. Consistently, sales of similar 4-letter domain names on Ebay fetch $52 to $62 each, thus the market for these type of 4-letter domains in these two forum (i.e., Ebay and TDNAM), where domains get very little traffic exposure during a limited period of time, run in the $50 to $60 range. All of these domain names have a true value much greater than this, for there is only a limited number of 4-letter domain names.

An observation of sales on Sedo.com for similar domains reveals that the sellers are setting most of the domains that fall under this category (i.e., 4-letter dot coms with X, Y, Z, K, Q or V) create a reserve price of $60 (basically what the names go for on Ebay or TDNAM.com) and then once they get the $60 bid they decline the bid and push the domain name into a 7-day auction, whereby they gain much more exposure and end up going for a much higher selling price. It’s all about exposure and marketing baby, and this is one excellent way of doing it. For reference, and as a general footnote, you cannot put a domain name into a 7-day auction on Sedo until it receives a bid. An example of what I’m talking about can be seen in RZOR.com, which with 2 days remaining on its 7-day Sedo auction has 2 bids and is at $300. Examples of the $60 starting point can be found with NVMU.com and HXOE.com, which have 2 days remaining and are still at their single bid of $60 each. Both will likely go for more.

Widgets.com Tops $160,000 on Ebay!

Wow! I’m still finding it hard to believe that a domain name auction on Ebay appears to be closing in on a sales price indicative of its true value. With 10 hours and 32 minutes to go, Widgets.com has attracted 64 bids and is now up to $160,700. And here’s the kicker — the reserve price has not been met yet! Can you believe that. Think about this one for a minute. Let’s say you were the lucky winner, which will be at a price higher than $160,700 obviously — what line of business would you establish to make use of the domain name. Would you use it for a gadgets site? A new restaurant chain perhaps? Or, possibly a hub or community portal for inventions. I can’t wait to see if the reserve price is met, what it ends up selling for and how it will be used.

Selling Domain Names on Ebay is Always Risky

I buy and sell domain names often. At present, I own just over 4,500 premium dot com’s. It’s easy to make the mistake and fall in love with domain names, or convince yourself that domains are worth more than they truly are at the time. Most investors play a sit and wait game, but that can be quite riskly. Domain owners have to do a better job of promoting the domains they own. Its imperative to get maximum dollar. But carrying a large inventory like I do becomes costly. I went several years before ever selling or wanting to sell a single domain, but most of my acquisitions have been over the past 2 years. Up until then I only owned about 800 or so domains.

The problem with selling domains is that if all you do is park them you’re just waiting for the right guy or company to come along and buy them. If you post them for sale on sites like Sedo you’re competing with so many domain names that you’re domains are rarely seen. Once every now and then I realize its time to sell some domains to raise money to buy more domains. As time goes on I develop a number of the ones I really like in hopes of increasing their value even further. When I choose to sell there is no quicker sell than Ebay. But there’s also no quicker way to practically give your domains away than Ebay also.

With the maximum auction length on Ebay being 10 days its very difficult to get enough traffic from the right players to sell your domain at a price your truly proud of and glad to get. Most of the time your domain will sell at a steep discount to its true value. Correction … let me restate that. Almost all of the time you will never come close to reaching a domain name’s true value. There are a few exceptions, but they are indeed few.

An example of what I’m talking about occurred today. Two domains I felt would do very well went for peanuts. MSVistaTips.com and DotComBeach.com when for $5 and change plus $8.01 respectively. The two auction winners are indeed lucky souls. I sold the first domain because I didn’t want to own a domain that had a trademark attached to it. The second one I sold because it really didn’t fit the genre of anything I want to develop.

The lesson for you is this. Don’t ever think you can sell on Ebay and reap the true value of a domain. The few that do are lucky. You simply don’t get enough traffic from the right buyer during such a confined period of time. That said, you will still see me selling domains on Ebay from time to time because when I want to raise money quickly to purchase additional domains I don’t mind weeding off domains I don’t plan to develop or don’t feel are at the top of my value list.