Domain Names: How much are they worth?

[Terry Soloman]

Now that I have pretty much retired and closed my hospitality businesses, I'm not sure how to price the business domains. I bought these back in the day to protect against competitive businesses setting up similar domains. Very interested to see your thoughts on individual or group pricing on these names. - Thank You!

americanbeachdetecting.com

americanmetaldetecting.com

americanmetaldetector.com

goldprospectinglesson.com

goldprospectinglessons.com

 

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[Georgivs]

Well my dads not very tech savvy and let his websites domain lapse... someone bought it and now is holding it hostage for 20k. They have a fake website with a 555 phone number and everything.... He doesn't have 20k to spend on it so now they're stuck with a highly specific (Americanized Lithuanian last name trademark) domain name. So I guess the moral is things are only worth what people are willing (and able) to spend on them. Also don't be that guy.

 

[Jim in Idaho]

Terry, it all depends on how many other domain names, for a specific business, will generate sales. My old domain name "Idaho Concrete Raising.com" was very specific. It conveyed my area of operations, and what I did. There were other names that would have worked, but none quite as well. The guy that bought my business generates most of his sales off the website, so it works. That gives it value. I think when I sold the business, we valued the name and website at $15,000.
Jim

 

[gunsil]

Hey Terry, welcome to the retirement club!!

 

[ArfieBoy]

Retirement club has been very, very good to me! Welcome!

 

[chub]

americametaldetecting.com is $4.58 USD at go daddy

chub

 

[Terry Soloman]

americametaldetecting.com is $4.58 USD at go daddy

chub

Did you buy it?

 

[chub]

No I'm not sure Terry. Websites in general seem to be less important than they were?? Everything seems to happen on social media, facepook marketplace etc. I remember back in the early 2000s you had to pay $$$ for *search engine optimisation (another con)... Sometimes its fun to check out go daddy or similar to see what domains are available. I would imagine you should have sold them with the business. I hung onto a few for a few years and imagine there are quite alot of domain names *reserved by people like us trying to protect our own interests.
What would you imagine they were worth?

Chub

 

[freeman]

I think domain names was originally just one of those 'bubbles' during the early days of the internet as people didn't really understand how it all worked.

The bubble burst a long time ago as you can just do so many variations of the name now it doesn't matter and you can do it all yourself.

Some of the bigger companies who missed out on their exact name during the early days just went with something else anyway.

Then it became you could just register the same name in a different country as not everything had to be 'goodsurfers.com.us' so 'goodsurfers.com.uk' etc

Nowadays you can even register what was once thought to be the same thing but just with a different classification eg:

goodsurfers.com

goodsurfers.info

goodsurfers.org etc

I even notice now you don't even have to type a full address out anymore like http://www.goodsurfers.com but just put 'goodsurfers' in the google site bar and it takes you to that website.

My opinion is even if I really, really wanted some exact wording for a site I'd still probably not go over $10 to buy it as I could make up something else.