Yesterday I received my first LuxuryNames.com newsletter and have to say I was pretty impressed. I was surprised to see a nice mix of domain names and price ranges. The best description I can give for the newsletter is luxury meets value. Nothing was overpriced or unreasonable. In fact, there was one domain name in particular I believe to be under-priced, PrivateAirplanes.com listed for only $11,000.
Here are some of the other names they listed:
- Renovate.net
- HomeInsuranceRates.net
- FloorPlans.net
- MalaysiaVacations.com
I had the opportunity to chat with LuxuryNames.com CEO on the phone and was very impressed with their background. With over 10 years of experience with SEO, domain development and domain investing they certainly have a grasp on what you need.
With domain names ranging from $475 to $11,000, there was something for everyone. I do recommend my readers sign up for LuxuryNames.com newsletter. Don’t worry about getting too many emails, they will only come once or twice per month.
So do they sell names for others?
They do Bruce but not taking public submissions at this time.
I have to agree that the names were of good quality and most importantly, priced correctly.
I have to say I was pretty impressed too. I like their look and feel and whole approach. I look forward to getting more of their newsletters in the future.
Thanks for the tip. I subscribed. I am not so sure PrivateAirplanes.com is such a bargain. It depends really: If you’re an end user actually selling private airplanes, then I agree it is definitely underpriced at $11k, all you need to do is sell one aeroplane and that’s it. But that brings us to the difficulty in domain valuation. For domain investors, the pricing is different. Wholesale bargain price for this name is something different. The metrics don’t justify paying more than low $x,xxx. Estibot says $6k – I think that’s a pretty good balance between wholesale and end user price.
Thanks
-Esa
Guys… estibot is so far off on valuation. There are metrics used in finance for valuation. If you would like, I can post them on my blog but don’t take an automated appraisal tool as accurate.
PrivatePlanes.com is a great name which is not limited to sale of private planes…but this name is probably best used for selling flights!
“PrivateAirplanes.com” is a good name for selling flights.
Esa,
Have to agree with Bruce. Automated systems are only so good – in fact, for endusers and developers they have NO relevance. For pureplay domain flippers maybe since they all refer to estibot as a value but whenever we buy domains we look at how much the name is worth to us – dont care what an automated system says and I suspect most developers and endusers think the same.
I saw the list of names and they seemed very fair priced to me. You mentioned “Wholesale bargain price” – pretty sure the slogan “Premium Buyers Wanted” is trying to weed out any of the bargain buyers.
I like the model. We see way too much junk as it is on lists – a short list of quality names at fair prices is very welcome and the first list was good.
I’m with Sergio – looking forward to seeing what they have next time around.
I guess “PrivateJets.com” would sell for much more. People usually say Private Jet, not Private Airplane.
I would imagine if Private Airplanes.com is such an underpriced gem then it will sell quickly, I agree with Anthony, I have heard Private Jet many times, that name is much stronger IMO.
How can a name for which the top 2% of people in the world would use the service be as valuable as claimed. Think about this one. I have private jets .com in spanish and have not had a peep from anyone on this.
So sorry to say, domains that serve many and not the chosen few will be valuable.
Please don’t compare the Spanish version of a domain name with the English. That is not a fair comparison.
So if your saying their name has no value then I would imagine your Spanish version is worthless?
Bruce, what exactly is the Spanish version that you have? AvionesPrivados.com? Curious.
Now wait a minute. I have been at this for 12-years… I like you Chef, but you are not an authority on domaining. No one is, is what the market will command. If I can’t comment on your blog with my opinion let me know. Just because we disagree is not a reason to state what I should or should not compare.
Of course you are allowed to have an opinion. But I don’t think it’s fair of you to under value a domain name because you own the Spanish version. Spanish domains are no where near the value of an English dot com.
Spanish versions of domains are an entirely different story from English language domains. I have to go with ChefPatrick on this one and I am a Hispanic living in Latin America. First off, 99.9% of domains sold thru me are English language domains. I own several Spanish language domains, mostly geos, and these may or may not sell as domaining (above all internet use) grows in Spanish speaking countries. There are big domainers out there that deal in Spanish. However, you cannot challenge the numbers. The majority of the market stands with English language domains. This is a matter beyond domaining, it is economics 101, pure and simple. As the Hispanic population in the US has surpassed Blacks and Asians in numbers, you have to keep in mind that these are English speaking natives, mostly, regardless of race and creed. Internationally, English is the language of choice for international business. The buying power world wide – consumer markets – stands with English language domains.
Very well said Sergio, thank you.
My point being, that was my opinion. Your statement was “don’t compare Spanish to English”. Its an opinion… If all someone knows is the American market, I can see why you would have your opinion. As someone that has sold several names to Latin America, a comparison between the two can be reached.
My only point is, if you get a comment that you don’t agree with, it should be a healthy debate, not an admonishment of the other persons opinion. You have a large audience and I think you are making a mark for yourself in domaining. However, you can always learn from someone who has been at this for over a decade as I can from folks that have been in it for a year. Value diversity and opinions and don’t make an immediate judgement… I did by saying the English version of the name was not as valuable as claimed. I made that opinion based on market size, the economy etc. It would be worth a ton if we were in a robust economy.
So let’s let this go and agree to disagree with noo hard feelings… I think you work your butt off to do what you do Chef and I think you will do well. I myself try to remember this si supposed to be fun and not a job.
Good luck to you and Sergio thanks for your opine. Good debate and good opinions.
It is not a matter of me only knowing the American market. It is a matter of knowing our history. Although I have only been in the game for one year I have studied and monitored sales history. In fact to my knowledge not a single Spanish domain name has ever sold for over one million dollars. At least not one that has been reported.
Healthy debate is fine, that’s what we are doing right now.
What would you value your Spanish version of PrivateAirplanes.com and as Sergio asked how is it spelled?
I ask this because I’d venture to say that 90% of the time a non Spanish speaking American messes up the translation. Translation software usually doesn’t put the proper translation or the words in correct order.
Hi Chef,
I have not sold a name in Spanish language for $1-million, but I have sold some for $xx,xxx. I generally don’t release my sales or the numbers. I would gather that the spanish name I have for private airplanes is worth 30-cents on the dollar to the American name. As you know, sales history can be deceiving since many domainers buy from other domainers. I sell to end-users myself and my contacts are from 30-years of face2face business in the past that get the domain market.
I am just saying, let’s learn from each other. I am impressed how you in one year have established yourself. I think you have not even gotten started yet… You WILL be a domain superstar because you work at it.
So keep the information coming. One thing I try to remember, domainers that stay in the background like myself generally have a lot of good information to share but do not seek the press spotlight. When I started SEDO did not exist and NS was the only registrar. I have seen a lot of different opinions in that time. The #1 thing I have learned and I live it, a name is worth what someone will pay for it and you will never get rich selling to another domainer.
Perhaps you could promote a best practices thread and let’s share our experiences so that all of us regardless of time in position gain form it.