A Big Thumbs Up for BargainDomains.com
Thursday, November 19th, 2009
New web site from Domaining.com is very promising.
Domaining.com founder Francois Carrillo works relentlessly to introduce new products. I like some more than others. Today I think he’s hit a grand slam with BargainDomains.com.
The premise is simple: you can list your domains for sale on BargainDomains.com for a maximum of 30% of the appraisal price on sister site Valuate.com.
When you take a look at the list of domains on BargainDomains.com, you’ll see that this model will actually work. There are some domains on there at very fair prices. True bargains. Not those elusive “great prices” for “premium domains” that you see everywhere else. There are actually some winners on here.
And, as with all great solutions, the beauty is because of the simplicity.
To list a domain, you just plug it into a submit box. It then tells you the Valuate.com valuation and how much you can list the domain for. Then pick a start date, and everything else is taken care of. Listings are exclusive for 15 days and there’s a 15% sales commission (no listing fee.)
Another beautiful but simple feature: domains discounted the most from their appraisal prices are shown higher on the page.
This web site is one to follow.
Related posts:
- Valuate.com Offers Nifty Domain Evaluation Tools
- Domaining.com Launching Expiring Domain Liquidation Service
Tags: bargaindomains.com, Domaining.com, francois carrillo, valuate.com
A Big Thumbs Up for BargainDomains.com – http://tinyurl.com/yjpxa6f
Now, if they were to offer to purchase the domains for a percentage of the Valuate.com appraisal THEN they would have a guaranteed winner. Even something as small as 30% of the Valuate.com appraisal would create an instant market.
I’ll guarantee reg fee on any name “valuated” at $1k or more
I don’t want it to appear that I don’t like the proposed idea – I do. It’s just that there is so much talk about creating a domain market yet there are no market makers. Just a lot of resellers.
Coins and real estate quickly come to mind where the places that sell will also purchase. It helps to create that market… heck, even baseball cards have market makers. Domain names don’t.
I’m confused why someone would list a premium domain using Valuate appraisal formula.
I ran the top 15 domains from DNJ sales this week. Valuate appraised them for what they sold for on DNJ. Interesting!!!
I took DNJ top 11 sales this year. Valuate produced a valuation approx. similar to what they sold.
Candy.com sold $ 3mil. Valuate appraisal $ 3.08mil.
Fly.com sold for $ 1.76mil. Appraisal – $ 1.8mil.
I ran some of NameMedia’s sales this week.
The appraisal was close to NameMedia’s sale price.
Now, If Rick listed Candy.com on Valuate.
It would be listed for $ 924,000.
Minus 15% commission – net proceeds $ 785,400.
It basically means that the buyers using BargainDomains is buying at a 70% discount.
And, the seller is netting 25.5% of the appraised value.
Please correct me if my math is wrong.
@ ActNow – the reason those domains are appraising close is because the appraisal system takes sales comps into consideration.
You’re right, you’re not going to try to sell Candy.com on BargainDomains.com. But there are plenty of other domains you’d sell there, as you’ll see on the site right now.
[...] 3. Innovation is coming to domain sales. After a long wait, we’re seeing innovation in domain sales. Bido is maturing and developing, and new opportunities enter the stage every day. I think BargainDomains.com has big potential. [...]
currently it lists only .coms
@ Chandan – I suspect that has to do with how well Estibot 2.0 works with non .com domains, and the fact that even the discounted .coms are typically under $1,000.