Quote:
Originally posted by SomeCreep
I imagine him and a lot of other newbies think that all you need to do these days is register some shittyname.com or "word"blog.com, and instantly it is worth $500. If someone happens to inquire about it, all of a sudden they think its worth $5000.
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There are some newbs who think that way, and it's not a new phenomenon, they've been on eBay and elsewhere since before GFY. Taboo, however, doesn't seem to be a noob. He registers all sorts of names, including $15 crappers, but those can be a good deal for the money. I grabbed a $15 crapper off eNom a couple weeks ago, then sold it to someone else for $200. Of course I've got a bunch of other crappers I haven't sold, but overall I turn a profit.
Also, with the example of "word"blog.com, I would say that the names are worth more to him than to others, because of a project he's planning to launch. There are domains that are worth more to me than normal market value too. It doesn't mean we're noobs for overvaluing them, they're just worth more to us. Sometimes the opposite happens, a name I have is worth a lot more to someone than I think it's worth, and that's when I sell 'em.
Taboo, I agree on writing a personalized message when making an opening unsolicited offer. The more serious the offer, the more time you should put into it. My poorer response rate is probably from going after domains for whom the email contact is expired, but sometimes probably from lowballing the opening offer...(depends on a number of factors; I don't lowball serious players, or domains that have undoubtedly gotten many other offers).