57% of Domain Name Sales’ revenue coming from China.
This morning at NamesCon, Domain Name Sales VP of Sales Jeffrey Gabriel showed a slide with sales data from the past year:
Wow.
2% of leads generating 57% of the dollar volume of sales. That’s amazing.
Gabriel compared this to leads from other countries. The U.S. accounts for about one-third of leads and one-third of sales and dollar volume. Leads from the UK convert higher, while those from India convert more poorly.
nick says
worst domain buyers are from India. Most of them are NGO, starting NGO or part of NGO……liers.
WQ says
The question is what would those stats look like if they didn’t factor in the $3 million sale of the LLLL.coms, assuming they did. I’ve only sold one or two names to Chinese buyers last year with probably a couple hundred inquiries coming from the platform.
Most Chinese buyers come by way of email here.
@domains says
Not surprised at the sales and dollar volume % figures.
I can see the % leads increasing as the infrastructure and services of the domain market get built out to handle Chinese buyers and sellers. e.g.: Chinese/English translation service companies will likely develop to help domainers on both sides in transactions, and landing pages will likely start to have more languages on them to handle leads from multiple languages. Lots of growth to happen in #Domains.
thelegendaryjp says
No denying that our current boom will become a bust should things really fall apart in China. So who will get stuck holding a bag of 18 letter domains or 17 number dot com?
Not to mention several hundred g’s or 7 figures for LL NN NNN combos that mean absolutely nothing to the rest of the world. Someone will……someone has to.
I think Berkins mentioned or someone did to dump the big dollar stuff now, believe that more and more as I see the markets, a huge dump is working its way out.
Joseph Peterson says
Compared to NameJet sales over $2000, where as much as 88% may be attributable to China directly or indirectly, DomainNameSales might actually be light on the Chinese side.
Then again, they’re reporting direct leads from China, whereas my NameJet figures add in Western buyers aiming at China. So this is an apples-to-oranges comparison. Combining those groups, the degree of Chinese dependence might be about equal for both market places.
Anon says
I wish DomainNameSales.com would share this kind of information with its customers on a regular basis in a standard report.