3 Letter Dot Com’s Continue Their Downward Spiral
August 28, 2008 · Print This Article
As far back as June 7, I warned that LLL.com domains were going to fall and that it would be wise to sell them. People laughed. At that time, the cheapest three letter dot com domains were going for $7,600. On June 26, LLL.com domains started falling, with several sales in the $7,100 region. On July 2, LLL.com crashed below the psychological $7K barrier, with QVK.com selling $6,730 – and I continued to encourage people to sell.
Now the floor has finally fallen out. On Wednesday, DNJournal reported that OLU.com sold for only $5,002. That was shocking – and many people stated it was simply the venue at which the domain was sold. But today the evidence came in with overwhelming strength at the GreatDomains auction – eqw.com sold for $5,211, fvz.com sold for $5,100, ouj.com sold for $6,350, wzu.com sold for $5,200, xag.com sold for 3,933 EUR ($5,778), and yxl.com sold for $6,700.
I’m sure there will be the usual round of excuse making for these results. But the fact is, in June if you offered anyone $5K for even the crappiest LLL.com, it would have been considered a lowball offer and laughed at. Now, these domains are routinely selling for this amount in highly publicized auction events.
As for the future, I do not think that the bottom has been hit yet. My recommendation is the same as it has been over the last three months: sell any three letter dot com domains that you own, sooner rather than later.
Written by admin · Filed Under Domaining
I think for the letter quality you are correct. If you look at the sales of these crazy letter combo’s (eqw, wzu, fvz etc) it may look like the bottom is falling out but there are clearly better 3L domains selling in the 5 figure range.
Triple premium and prounceables are still worth owning For Sure!
If there are sellers at $5,000: PM me at namespros username: Betthelot.
“I think for the letter quality you are correct. If you look at the sales of these crazy letter combo’s (eqw, wzu, fvz etc) it may look like the bottom is falling out but there are clearly better 3L domains selling in the 5 figure range.
Triple premium and prounceables are still worth owning For Sure!”
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Disagree, in my view the names hardest hit ones are the high names, I think they are probably down 50% from the peak, they started dropping several months before the junky quality ones fell (because of many people buying “at the minimum” in the belief that it was some kind of floor on prices).
It is even worse, because the value of the dollar dropped.
8 years ago I sold several LLL.com’s for $5K
(also containing X, W)
If I get $15K now, my profit is ZERO.
@David – good point!
not only LLL.coms, but even LL.coms drop their valued by almost half!
@Dinesh – yes, it is looking that way!
appreciate suggestions for most cost effective auction sites for domains for sale
have several blocks of attractive domains in current topical sectors and am looking for most cost effective way of offering them
tia
domain communer
Ok listen to this i found L7L.COM asking for $950 , and people offering him $700
I AM really shocked