Some LLLL.com Data
A look in this post about why eBay may not be the best place to list your LLLL.coms (or other short domains for that matter) unless you place a reserve to ensure you get what you’re after. We’ll look at some of the past eBay prices versus the median LLLL.com sale over the months.
November 2007 had a median LLLL.com price of $35, yet LLLL.coms sold on eBay had a median selling price of just $22.50. December 2007 saw the median LLLL.com sell for $41.00, yet on eBay the median LLLL.com price was only $31.00. What about November 2008? We have a median LLLL.com price here of $21.00, however the median LLLL.com price on eBay was but $14.20.
Enough months looked at to be statistically significant? Probably not — it’s too bad I hadn’t compared eBay LLLL.com performance to that of the overall LLLL.com market more often than in the past. Nevertheless, I’m reasonably confident from my experience in the LLLL.com market that we’d see similar differences between LLLL.com sales outside eBay and LLLL.coms sales on eBay in the other months as well. I’ve discussed reasons for this many times in the past — type “eBay” in the search bar for more information.
Domain name forums have also historically been a weak market for LLLL.coms, except right at buyout when they were selling like hotcakes on NamePros and were even of reasonable popularity on DNF. Today, most DNFers aren’t interested in a whole lot of LLLL.coms other than the very high quality ones and most NPers are looking for good deals rather than to pay full market value because, unlike ahortly post-buyout, they’re reasonably confident prices are going to rise dramatically in a very short period of time.
Looking at some real numbers now, let’s look at LLLL.com sales since March 1st, 2009 — I think prices have been reasonably stable since then, however do feel free to suggest a different date if you think I’m not being fair here. There have been 3087 reported LLLL.com sales since March 1st, 2009. Of these, 138 occurred on Sedo, 364 occurred on NameJet, and 137 occurred on SnapNames. Subtracting the LLLL.com sales that occurred on these 3 venues from the 3087 reported LLLL.com sales leaves us with 2448 LLLL.com sales. Roughly 21% of domains were sold at NameJet, SnapNames, or Sedo.
Let’s remember that many of the LLLL.coms sold on SnapNames, NameJet, and Sedo, would have sold for significant premiums regardless of where they were sold, so I don’t see it being fair to exclude them as being outliers on the high end any moreso than doing the same to eBay on the low end. I’ve sold about 300 LLLL.coms now from a lot I’m brokering and I haven’t yet sold anything under $5 per, with the average around $12 per so far. All of the LLL.coms have been anti-premium through triple premium in quality, with most of the LLLL.coms between anti-premium and double premium. I haven’t been pushing the sales particularly hard either — just been letting them naturally come about, along with a bit of promotion which anyone would do if they were trying to sell such a large number of LLLL.coms.
So far on eBay, I’ve sold between 20-25% of the LLLL.coms I’ve listed, all of which have had starting bids of $6.99 and ending prices between $6.99 and $7.51. Many of the LLLL.coms which did sell for $6.99+ were not of noticeably higher quality than the ones which didn’t.
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May 19th, 2009 at 1:31 am
So tell me, how many snapnames/namejet/sedo LLLL.com sales have you seen for $4 lately?
The answer is zero because they all have minimums. Reece, the argument you present above is highly flawed because of this. Ebay and the forums are really the only place to reliably sell low value names, that is why they see lower medians. Indeed you are using both these venues yourself to sell names.
“most NPers are looking for good deals rather than to pay full market value because they may have to pay more still if they wait a week, as happened post-LLLL.com buyout.”
If they don’t sell on ebay, and they don’t sell on the forums you are asking too much. When you find this mystical market where low quality LLLL.com’s get higher prices let us know.
May 19th, 2009 at 2:38 am
Hi Snoop,
Thanks for stopping by. I added what would have been my reply here to the original post as I felt it complemented what I had written there and better explained how I saw it. As for the mystical market, I think it’s right here on my blog
May 19th, 2009 at 10:17 am
Nice extensive report on the LLLL.com market, not flawed IMO because whether they have minimums or not they are still part of the equation.
May 19th, 2009 at 10:52 am
Hi Reece, this is HQDomains from NP.
I think you would get better prices (and of course more sales) on Ebay with starting prices like $0,99 or even $0,01, you would get more bids at the beginning, this would attract more viewers and finally better prices at the end. And you have less ebay fees too i think.
Ebayers somehow don’t like “safe” starting prices (or Reserve prices).
Sure, it is a bit risky for you but i have seen much better sales for same quality names like yours from Sellers who start with 1 Cent.
I don’t think that any of LLLL.coms would go under $5 or $6 anyways.
Regards,
HQDomains.org