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I tried to have a clear out of domain names, ended up selling one & using some of profits to buy http://HandmadeFurniture.co.uk
I thought it could be interesting to share how I found it, how much I paid, why I see value in it, development opps, and just my general way of thinking.
I thought it could be interesting to share how I found it, how much I paid, why I see value in it, development opps, and just my general way of thinking.
How I found the domain
For .co.uk domains, I will check auction website https://domainlore.uk , and domain forum https://www.acorndomains.co.uk/
Often you can find reasonable prices here cos it's often domainers selling to other domainers (think of it like buying from a wholesaler)
For .co.uk domains, I will check auction website https://domainlore.uk , and domain forum https://www.acorndomains.co.uk/
Often you can find reasonable prices here cos it's often domainers selling to other domainers (think of it like buying from a wholesaler)
I happened to see http://HandmadeFurniture.co.uk after someone post a thread on the acorndomains forum, initially they invited offers for it, then later on posted a buy it now price of £150.
I do due diligence, making sure domain has sound history, & hasn't been spammed or anything like that in the past.
Using https://web.archive.org/ , I can see it has a history dating back to the year 2000.
This looks ok, happy it was used for a relevant purpose in a previous life
Using https://web.archive.org/ , I can see it has a history dating back to the year 2000.
This looks ok, happy it was used for a relevant purpose in a previous life
I then use http://ahrefs.com to check links pointing to domain from other websites.
This is important from an SEO point of view. What I am looking out for is a mass amount of low quality or spammy links.
But all I find are links from 3 other sites, so looks ok to me
This is important from an SEO point of view. What I am looking out for is a mass amount of low quality or spammy links.
But all I find are links from 3 other sites, so looks ok to me
I search http://Google.co.uk for intitle:handmade furniture, which will bring up websites which use handmade furniture in their title.
I see lots of results, which satisfies me, that IF I wanted to resell this domain, there's a market out there.
I see lots of results, which satisfies me, that IF I wanted to resell this domain, there's a market out there.
From a resale price point of view, I can see that handmade furniture is expensive.
So chances are if a company is selling handmade furniture for £2,500, then they probably have money to buy a domain too.
So chances are if a company is selling handmade furniture for £2,500, then they probably have money to buy a domain too.
At this point I am happy to go ahead and buy the domain, I make an offer of £100 which gets accepted.
Now these companies don't NEED my domain, but they are all using the phrase 'handmade furniture' to describe the exact products they sell.
Now these companies don't NEED my domain, but they are all using the phrase 'handmade furniture' to describe the exact products they sell.
So chances are, if I were to approach every single handmade furniture website in the UK, I am sure I can sell it to one of them for more than £100 - my risk is low.
Alternatively if I wanted to turn it into a website, there's plenty of companies I could approach as suppliers
Alternatively if I wanted to turn it into a website, there's plenty of companies I could approach as suppliers
Or even if they weren't interested in supplying, there's a whole market on Etsy of people selling handmade furniture.
These are often people who have no idea on how to make a website to sell their product online.
These are often people who have no idea on how to make a website to sell their product online.
I could even use the Etsy fees page as a benchmark to get an idea of how much commission they'd be willing to pay for me to sell their product on my website.
https://www.etsy.com/uk/sell
https://www.etsy.com/uk/sell
So that's a run through of my thought process on how I see value in this domain, & how I often assess others.
I have sold dozens of domains, made 100+ websites, but I am not an expert.
I do this for fun, others have weird ways of getting their kicks, & this is how I get mine
I have sold dozens of domains, made 100+ websites, but I am not an expert.
I do this for fun, others have weird ways of getting their kicks, & this is how I get mine
I'll probably get asked what my plans are for it.
I don't have time to develop it, as I'm still working on responding to billboard date applications.
I'll probably get asked how much I think it's worth, I'll say I'd be surprised if I couldn't sell for more than what I paid.
I don't have time to develop it, as I'm still working on responding to billboard date applications.
I'll probably get asked how much I think it's worth, I'll say I'd be surprised if I couldn't sell for more than what I paid.
