Recent sales at Sedo show that you should pay attention as deals abound.
If you haven’t been watching domain auctions lately, you might be missing out on some great values.
Consider these Sedo/GreatDomains sales completed over the past week: Fifties.com for $5,099 and
BananaSplit.com $3,100. Now these aren’t the world’s greatest domain names, but I could see them selling for 2 or 3 times as much just a year ago. And frankly, I could see them selling for 2 or 3 times as much a year from now.
Stocks are on sale. Domains are on sale. If you’re in it for the long run now is a great time to buy.
For example, I’ll be in the stock market for another 35 years before I officially retire. So although it pains me to have lost nearly half of my retirement savings over the past year, I have plenty of time later in life to worry about that. In fact, yesterday I started buying stocks again at about DOW 9,000. I think it could drop a bit more, especially as companies announce earnings over the next 2-3 quarters. But I also think that even reduced earnings warrant higher stock prices than we’re seeing right now.
The domain market is less mature and carries lots of risk. But “long term” is much shorter, too. I think we’ll start to see a rebound in prices shortly. Also, since domains aren’t as liquid as stocks, many people will sell them below market value just to raise needed cash.
So pay attention. There are deals to be had.