BargainDomains.com, a domain sales service by Domaining.com‘s Francois Carrillo looks to be delivering the goods in the crowded domain sales space. I had my first experience with the service only 24-hours ago and I’ve already sold one domain. Carrillo always has a new approach to his services and BargainDomains.com is no exception.
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Unlike most services that let you list any domain you want, BargainDomains.com only allows you to list domains appraised for more than $250. After that you have to list your domain at a large discount off the appraised price. Sure – you might not agree with the appraisal algorithm’s price determination, in which case you don’t have to list your domain. For me I found that my domains that were accepted were at prices I was more than comfortable with.
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Automated appraisal systems could be debated until the cows come home – I think we all agree that nothing these services provide should be taken as the exact factual value of the domain. I think that if you use multiple appraisal services (at least three) and then compare that with similar and recent domain sales then you can come-up with a reasonable expectation for what your domain is worth. This isn’t a service designed to get you top-dollar for your domain, BargainDomains.com is all about liquidity.
Right now I’ve only sold one of the fifty names I’ve listed however in less than 24-hours I’m happy with the initial results. I’ve made it no secret that I’m no domain sales expert – monetization has been my sweet-spot in this industry. This year I’ve decided to put some of my time into learning how to sell domains. I love learning and through talking to people at conferences as well as conversations with friends in the industry I’m doing my best to make domain sales a meaningful part of my business. I just loaded over 200 names into Sedo and will be doing the same with Afternic – I’ll be interested to see how the results vary between these three services.
Of course this is not the only way I’m promoting my domains for sale – I’m also doing the following:
- Sending-out emails actively on my newsletter to over 1,000 subscribers
- Emailing advertisers who actively spend money on keywords that exactly match my domains
- Identify and email similar domain owners
- Listing domains for sale in live auctions (have two names in TRAFFIC Dublin)
- Listing domains for sale in other newsletters (sold Jerk.tv for $400 about a month ago in the Latonas newsletter)
- Reaching-out to domain buyers I know with specific names I think will interest them
- Listing my domains on other services like Sedo, Afternic, Snapnames, and a few more
For those who really know me, you know that I’m an all or nothing kind of guy. I’m not just going to sell a few domains – I want to grow my annual revenue by over 50% by adding this new segment onto my business. I am also looking to secure a few premium domains for brokerage through our premium brokerage service so if you have a great domain and you’d like to give us a shot, send me an email. I can’t make the same promises that the big brokerage houses can, and I don’t have a proven track-record. I do have two very motivated brokers and myself and we’re ready to start making it onto the DNJournal top ten list. I know it won’t happen overnight – it’s 2010 and I’m about 15 years behind, but I’m one persistent guy so something tells me I can pull this off 🙂
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