A sales pitch at an obviously confused buyer at Domain Name Sales triggered some interesting responses.
I will keep their info private but would like to share their misconceptions for the fun of it.
The rule of thumb: if product A costs $xxx today, there is no guarantee it won’t cost $x,xxx tomorrow. Not to mention, that product A – a domain name – isn’t really the same as product B – also a domain name.
As there are different varieties of fruit; bananas are cheap, while exotic fruit is more expensive. That’s a fair analogy to use when a comment such as this arrives:
“… bought ***.com through you a few years back for $600, and was anticipating high 3-figures rather than high 4-figures.”
After running the domain they quoted through the DomainTools historic WHOIS, I discovered that in 2009 they bought it from BuyDomains – hardly a surprise, as they run low priced specials often.
It appears that the misconception that a domain is a fixed, low priced commodity isn’t exactly an inherent failure of the product, but rather, a failure of the domain venue to price it up appropriately.
The communication with this potential buyer reminded me of a great comment by Frank Schilling, regarding the loss of value in domains when peddled across the board at low prices.
Conclusion: end-user misconceptions about the value of domain names are more common than we believe.
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