LLL.com Prices Continue to Fall
July 2, 2008 · Print This Article
Previously, on June 7, I warned that LLL.com prices were about to fall. On June 26, I showed that prices had already began to fall. I hate to sound like a broken record, but today, evidence comes in that prices continue to fall further.
Today on Bido, the domain QVK.com closed at $6,730. A week ago, people were scoffing at the mention that a three letter dot com could sell below $7,000 – today one did.
I believe that this is an important result for two reasons. First, it was sold in an auction format. The auction was well promoted – by Bido’s general advertising, mentions in all of the domaining forums, and an ad on Domaining.com. Second, it’s a really low quality LLL.com. The barometer of the market is the “minimum wholesale price” and if a domain is going to command only the minimum, it is a domain like QVK.com. So, it could be said that this auction accurately portrays market prices.
As well, yesterday on TDNAM, FQV.com closed at $6,305 – again, another sub-$7,000 sale.
This string of low sales is not an aberration – it is the beginning of a trend. Expect to see more sub-$7,000 sales in the near future. As I’ve said before, it is time to sell your LLL.com’s.
Written by admin · Filed Under Domaining
Honestly, BIDO.com is widely domainer to domainer. There really isnt a chance for it to be seen by an end-user. I say if it was SEDO you would have seen a much different price. Maybe not much higher but it would have broken that $7k mark for sure. In the past month there is yet to see a sale under $7,400 on SEDO. Im not saying prices are not going down, im just pointing out that the person that bought this domain simply got a deal.
I think with these two LLL.com sales reflect three things. Not that many people use Bido yet. TDNAM is not a High Price auction service. As the price of the domain get’s higher at TDNAM, less bidders their have the money to bid higher. Third, These are not the best quality of domains but both can still be flipped for a profit!
Jamie
I do not use Bido.
The sky is falling! Sell now!
I bought 3 LLL .com’s this month, please let me know; while the sellers are in this self-induced panic, I will gladly invest in the future.
Ross, you’re right on. Bido is the problem. The poor seller really lost out by auctioning there. The auction format is extremely limited in terms of reach. The buyer didn’t get a deal, the buyer got a steal and the accomplice was Bido.
Great post and very interesting response by Ross & Jamie
Yes prices are falling, and I suspect they will fall a long way before they hit the bottom. The question is if it is time to sell or a buying opportunity? I think the uncertain economic conditions will help many domainers pick up quality domains at good prices.
On the other hand domainers should think carefully about selling just because of economic conditions, alone. I think LLL domains have good solid long term potential. Markets do recover eventually and three letter domain owners should consider the longer term prospects for their domain names before deciding to sell.
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