Domain flipping produces chump change.
Domainers are still navigating the dire straits of a ‘bad economy‘ and the proof is in the extreme differences between domain sales.
All while China’s omnivorous economy dictates ample spending on digital assets, such as domain names, the median selling price on many domain venues – such as Sedo – has dropped tremendously in recent months.
Average prices vary, but the median price of weekly sales reports at Sedo seems to be hovering between $2,000 and $3,000 USD, which is not exactly fantastic. Sedo makes up for this drop by engaging a large volume of sales, however.
The reason for this sizable drop is the use of Sedo by a large group of domain ‘flippers’ willing to take in the bare minimum for their investment.
An example, is the sale of FtLauderdale.net on Sedo for $1,000 last week, according to the newly redesigned Namebio.
This geodomain has been on the market for a while, with its previous owner dropping their asking price from high teens to a seemingly firm $10,000; the domain had been listed at TRAFFIC auctions as well.
In the future, domain investors need to realize that they only hurt themselves by accepting offers that are ridiculously low; some even fall in the lowball range.
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what would you pay for fortlauderdale.net? it’s confusing, it’s a dot net, i’m sure it gets close to zero random type-ins and it’s not a domain any serious developer should use to build out a site. paying in the high teens for that name would be flat out insane. JMO