My Domain Name Selling Experiment
Sometime in 2019 or 2020, I booked a generic name .com domain name. The domain is balticharbor-com. I was using the domain for a web development side project that I've since shut down. And I have been reading more and more about domain name selling. So I thought, why not, let's put the domain up for sale and see what happens.
Godaddy's appraisal tool gave me a valuation around $1,100 while Estibot told me less than $100. Quite a range!
First, thing I did was list the domain for sale at Dan.com. And then I listed it with Afternic. I pointed the nameserver over to Dan.com's landing page. And then about four hours later, I realized this domain could be listed for sale on these sites for years. And I'd rather see the results of this experiment quickly even if that means it sells for less.
So then I checked out Brandbucket, Brandpa, Squadhelp, Sedo, and Godaddy Auctions. I didn't want to deal with any submission fees so I passed on most of those for now. Sedo was compelling but Godaddy seemed simpler.
To get it listed on Godaddy you need to update the TXT records to prove domain ownership. So I had to redirect the domain away from the Dan.com landing page. Currently the domain is pointing to a carrd landing page.
I started the auction with a price of $375, which is less than half of the buy it now prices I listed on Dan.com and Afternic ($900). But it also might be too high and I end up with zero bids. I took the buy-it-now options down currently.
Right now there are 6 days left on the auction. I'm curious to see what happens. A lot of domain transactions make sense to me but there are tons that baffle me, like how does something like 23660.com currently have 11 bids up to $350.
I'll post updates. Thanks for reading!
Nice write-up, I'm planning to the same with Dan & Afternic at some point.
For the numeric domain - this is primarily because of their usage & popularity in China: https://domainnamewire.com/2020/06/18/two-facts-to-know-before-investing-in-long-numeric-domains/
Haha now that makes more sense! Thanks!
Btw I just finally realized your domain is "Baltic Harbor" - I couldn't read it right without capital letters.
It's pretty generic, not a real location. I'll see what the market thinks about it.
I have you know the Baltic States in Europe are a real place consisting of countries Estonia (where I'm from), Latvia and Lithuania. So anytime I see something as Baltic X, I immediately assume it's a business or related thing in the Baltic States.
Oh yeah totally! I've been over that way numerous times. I just meant that I didn't find any harbors specifically named Baltic harbor when I searched. At least not using the English spelling for Baltic.
And I get the assumption that it should be somehow Baltic related, so maybe it's not that generic.