Wanted: Domain Appraisal Poetry.co.uk

[rob]

Thank you for the frank opinion Mark - I need to deal in realities, in order to make the best decisions

Susannah

You have mentioned in another thread you are not that skilled up on webdev etc. Likewise this is to act instead of a job, rather than create one for you. Add on the cost of development and content creation that such a site would need, then I cannot see it as a realistic let alone desirable option?!

IMHO if you would take £7k for it, go to Mally who is a nice bloke and try and meet in the middle and take the cash at £5, £5.5 or £6k

You get the cash you need, and free time. Mally has to learn geordie poetry.

Win Win.

 

[susannah]

lol

well I could throw in yeats.info and shelley.info and then he could immerse himself in romantic poetry

I make no comment on the price thing but thanks for your thoughts, Rob

 

[markb]

Add on the cost of development and content creation that such a site would need, then I cannot see it as a realistic let alone desirable option?!

Website development costs tend to get overlooked. But you will never create a successfull and profitable business from your domain without a decent website. You see it quite often on here, people spend lots of money on a good domain, and then look to get a website created on the cheap, usually using wordpress. I decent website costs A LOT of money if you cant do it yourself, plus you have to factor in costs of marketing your website. You could have a great domain, spent a fortune on web development, and still make no money, if no-one can find your website.

 

[mally]

]Mally has to learn geordie poetry..

haha cheers Rob, I'm a fan of sid the sexist, wonder if he could be classed as a poet!

My offer of 5K has now expired and will offer 4.5K till 8pm this evening, beyond that point my offer will drop to 3k.

 

[philiporchard]

Great to see a quality domain creating interest and debate. Azooza has some nice ideas. He mentioned them to me when I still owned Poems.co.uk. worth looking into possibly.

 

[markb]

My offer of 5K has now expired and will offer 4.5K till 8pm this evening, beyond that point my offer will drop to 3k.

You sound like me, I offered someone 7.5k for a domain name on the spur of the moment the other day, but when I actually had time to sit down and think about it, i thought it wasnt actually worth that much to me.

 

[mally]

My offer is 3K at the moment, until I find another domain name I like the look of

 

[susannah]

until I find another domain name I like the look of

Hi Mally, well there is a list of my other domains on my profile

In the context of your offer, I was wondering about settling for £5000 yesterday, and today I will settle for £5500 but my offer expires at 8, and tomorrow the price will be £7000



love,
Susannah

 

[susannah]

More seriously, I don't mean to disrespect you, and I wish you well. I wouldn't ever consider selling for £3000 and so I can afford to be good-humoured. I think, from what people have said here, my sensible course is probably to monetize the domain and develop it usefully and then play a longer-term game of approaching publishers and/or selling on the evidence of its traffic.

It's a name I'm reluctant to part with anyway (because I like poetry) <- zero business sense...

However, I'll be absolutely honest, I didn't quite bite at £5000 and was going to follow Rob's advice and ask for £7000 to try to get £6000 and then I probably would have gone!

I would like immediate money, for the reasons I've been open about, but I've also received some good advice not to rush with this particular domain, so there we have it...

...me probably eating porridge for the next 3 years

...you finding another domain

love from,
Susannah

 

[aaclapham]

Hi Mally, well there is a list of my other domains on my profile

In the context of your offer, I was wondering about settling for £5000 yesterday, and today I will settle for £5500 but my offer expires at 8, and tomorrow the price will be £7000



love,
Susannah

nice one.

 

[Retired_member41]

More seriously, I don't mean to disrespect you, and I wish you well. I wouldn't ever consider selling for £3000 and so I can afford to be good-humoured. I think, from what people have said here, my sensible course is probably to monetize the domain and develop it usefully and then play a longer-term game of approaching publishers and/or selling on the evidence of its traffic.

It's a name I'm reluctant to part with anyway (because I like poetry)

 

[wb]

Unless you really have your heart set on developing it, I think you may be better off taking a cash offer. If you sold it for cash you could probably find someone selling a developed website on a not as good domain generating instant revenue for you, which may be a better option?

For example if you sold it for £5,000 you may be able to find someone in need of quick cash who will sell you their website for 12-18 months revenue. This could potentially mean between around £280 and £415 p/m instant income for you (need to be careful buying though - carry out your own due dilligence to ensure you don't get ripped off).

All being well, you would then still have the website to sell on as an asset at a later date if you wish.

 

[domainseller200]

Unless you really have your heart set on developing it, I think you may be better off taking a cash offer. If you sold it for cash you could probably find someone selling a developed website on a not as good domain generating instant revenue for you, which may be a better option?

For example if you sold it for £5,000 you may be able to find someone in need of quick cash who will sell you their website for 12-18 months revenue. This could potentially mean between around £280 and £415 p/m instant income for you (need to be careful buying though - carry out your own due dilligence to ensure you don't get ripped off).

All being well, you would then still have the website to sell on as an asset at a later date if you wish.

Based on your situation, this is the best advice given so far

 

[aZooZa]

Yeh I always price other peoples domains out of the water No I just believe in being honest with someone who has asked for an honest appraisal, without insulting them in more ways than one.

Again that is your opinion - I am not saying that it is / isn't a better domain, I was merely pointing out that the money which has been offered for that name.

If accident.co.uk is 100x better then that makes poetry.co.uk worth £350, but you valued it at £3k-5k ?

We all have fantasies Shaun, not quite sure I would share mine in public though

Well luckily for you and everyone else I don't, but I can assure you if I did, you would be quite safe (remembers Shaun's facebook pics....) :shock:

He's a real dope. A proper British nincompoop. Why people play up to this loser is beyond me. No pot to piss in but a big gob. Everyone's village idiot.

 

[SF]

Love it when you write back gramps

still drowning your sorrows on the old whisky

 

[mally]

Hi Mally, well there is a list of my other domains on my profile

In the context of your offer, I was wondering about settling for £5000 yesterday, and today I will settle for £5500 but my offer expires at 8, and tomorrow the price will be £7000



love,
Susannah

Just saw this, haha - any news, you keeping or selling haha

 

[susannah]

And so the conversation carried on along its winding way:

Quote:

Originally Posted by susannah
Hi Mally, well there is a list of my other domains on my profile

In the context of your offer, I was wondering about settling for £5000 yesterday, and today I will settle for £5500 but my offer expires at 8, and tomorrow the price will be £7000

love,
Susannah

Just saw this, haha - any news, you keeping or selling haha

Hi Mally,

Hope you're keeping well

Well that was the 11th. Day by day I've gradually upped the price and it is now for sale for £1 billion...

I've been thinking a lot about this domain and doing some research of other poetry sites, and in the absence of a buyer, I am now getting quite excited by the idea of developing it. I have some ideas that are really exciting me, but what I lack is functionality and the tech ability to set up the site the way I know it could take off.

I need functionalities such as membership profiles, forums and sub forums, 'like' buttons, and the ability for members to post poems direct, review poems direct etc.

If I could get that functionality then I think I could justify the time I'd then put in, to maintaining the 'breaking' poems and their reviews, and building up the archive of poetry out of copyright.

Along with direct advertising, Amazon links, promotions of new books, and Adsense etc, I don't think it's rocket science to create value for this site.

I just need a 'partner' who'd like to share the profits who can provide the site archtecture at the outset, and provide the functionality I have in mind. So many people like poetry, write poetry, would like to see their poetry out there out of vanity, then you've got schools' poetry, as well as listings of poetry events, and latest publications. I'm convinced many people would like the vanity of creating little 'poet's profiles' listing their favourite poems from the site or elsewhere, and their own poems, and trying to get ranked by others, and their userpic and interests. Sort of a social network for people who sometimes write poetry. As I also have Poetry.info I could extend the concept to the US etc if it worked, though actually I expect I'd attract users worldwide anyway.

So these are my thoughts. On the other hand I would still consider selling...

£1 billion would see me through university, after all!

With love,
Susannah

 

[wb]

The problem with finding a 'partner' is that it's quite unlikely in my opinion you will find someone to share your passion. They would need to put in time to develop it for no cost on the basis of a profit share if it's successful - if you are considering selling for £5,000 then it's not out of reach for most people who would want to develop it and ultimately keep 100% of the profits. After all, the time spent on development is likely to be far greater in value than £5,000 making it seem small a small purchase in comparison.

The other problem is that there are many more high quality domains which people would be interested in joint projects on, which could potentially be even more lucrative in the long term (in this post for example).

If you are looking to develop it, then it may be worth your while saving up to pay for your own development. If I was in your situation though I would sell it to Mally if he is still interested and re-read my post at #72

 

[rob]

Listen to the advice. IMHO you will be regretting not taking mallys cash, or he will regret buying it.

 

[markb]

£1 billion would see me through university, after all!

If this auction is still running , I will bid £1.1 Billion. Cheers.