- Sep 30, 2015
You're not alone... I had an idea for a good domain the other day and it was taken I messaged the domain owner to see what they would say....."$98,000"
Now you’re venturing into possible trademark disputes, there’s courts that help address such issues.
I have a really good idea for this vacant lot down the road, but it will cost me a few million bucks. But if my idea won’t cover that cost then it isn’t good enough.You're not alone... I had an idea for a good domain the other day and it was taken I messaged the domain owner to see what they would say....."$98,000"
I agree with you here, in the context of the real estate analogy a domain is more like the land. The same house can be built in many different places, but the location of the land makes all the difference in terms of value. My current house located in San Francisco would be priced over 10x more,A house is not like a domain name where (very often) only one name is a good fit.
Before I begin, let me just start off by saying I understand why it is frustrating for you. I get in the same boat as a lot of my domain name ideas are taken. I find the hardest part about building a website is coming up with the domain name. I was once in talks with the owner of Jordan.ca to acquire the domain. I was going to dish out $10,000 USD for this domain. Only for Nike to swoop in and take it in the middle of our talks. I can't compete with Nike!
Nonetheless, I am also one who does buy and sell domains. I strongly urge anyone to take it up. So long as your willing wait, it can be a decent side income. I even own a website software that I sell to domainers to help them sell their domains.
I do own a small portfolio. I'm no where in the "big leagues" and have never sold a domain for $30,000 USD. However, I do make decent profit off the domains I do buy and sell. An example is I just sold F/a/c/i/l/i/t/y/y (dot) com. I purchased it for $11 on NamePros last year. Sold it for $1,795 last week. Another one is T/r/u/c/k/e/r/r (dot) com. Bout it for $20 at NamePros. 5 months later sold it for $1,895.
The point I'm trying to make here is, if there is a market for it, there will be people willing to do it, and people willing to pay for it. I have also bought my fair share of expensive domains too. However, I only buy them expensive when I'm an end user looking to build off it. (Side note: I recently just let my one domain I paid $1,800 for expire by mistake. Ouch)
So I do understand why people registering domains and not using them upsets you. It's just the way it is. I urge anyone to get into domain investing and perhaps you would be able to then buy the domain you want
The way the original comments was phrased, I assumed that the poster was referring to the US. And there, as I understand it, there is generally a paper trail going right back to when the land was coherced or plain stolen form the aboriginal inhabitants, and sold by the Government (national, state or local) to citizens.I don’t know where you’re located but that certainly isn’t the history here.
You can always start small. Like in the two examples I provided above, the two domains costed me a total of $33 and together they sold for $3,690.What would you say the startup capital is like on domain investing?
That certainly does not accurately describe all of the US.The way the original comments was phrased, I assumed that the poster was referring to the US. And there, as I understand it, there is generally a paper trail going right back to when the land was coherced or plain stolen form the aboriginal inhabitants, and sold by the Government (national, state or local) to citizens.