watchtrader.co.uk (£5k)

[Lucky Luke]

Do neither of you think if I gave you £5k right now, you couldn't come up with a significantly better, brandable watch name for £5k?

Is that £5k each?

I'll PM you my bank details and I'll have a go...

 

[Lucky Luke]

Hi Frog,

I'm jesting ... no need to send money today.

Nokta own a number of ".....trader.co.uk" domains including "antique", "art" and "jewellery".

Clearly these are a small to medium notch above "watch" but what would Nokta want for those ones?

I agree that there are brandables cheaper than £5k, but "watchtrader.co.uk" does what it says on the tin and it's an easily remembered name. Get that name out to a load of antiques dealers and such like, they'll remember it and it becomes a good brand.

cheers, Luke

 

[websaway]

Great sale for both you and the buyer m4c, congratulations!





I can't agree with you guys on this.

The client hasn't just thought of this name on the spur of the moment like domainers do, they've probably spent ages coming up with a name that perfectly fits their business re-brand or new venture.

The very first watch on their existing site is £8,495 so seems to me that £5k is relative peanuts to the buyer.

I agree with the two Lukes, this is a very brandable name. I know as domainers we generally prefer generics but most people in retail know that brand is king.

I totally agree with this post, you have to watch you don't fall into the " I could have done it better" school of thought. And 5k is reasonable for a generic domain name which you intend to brand, not trademark just brand.

 

[Frog]

I get the feeling that a lot of posts on Acorn are domainers just saying "great price", which is fair enough. I don't expect Turkeys to vote for Christmas, so I wouldn't expect domainers to say end users are over paying either


I think Nokta are an extremely bad example to use when it comes to pricing - they always over charge. I bought 6 travel domains recently like franceholidays.org, italyholidays.net, floridaholidays.org etc, all from my buydomains rep. They had emailed me a list of candidates. They also included miamiholidays.co.uk on the list, which they are brokering for Nokta. I never even bothered enquiring on the price of that one because I knew from past experience it would be inflated past any reasonable market value, and bought the other 6 that day.

 

[Lucky Luke]

Currently available.... donations to admin please if you reg any of these:

all .co.uk

acornwatches
investmentwatches
watchinvestments (dubious as double meaning)
watchinvestor
watchweekly
watchmonthly

but none of these get across the 'come here and I'll buy your watch' that trader so nicely captures.

I expect many of the domains with "...watch" or "watch..." already registered would have been cheaper than £5k, but are they fit for purpose?

Interesting debate.

cheers, Luke

 

[Lucky Luke]

Hi Frog,

Nokta's domains may be bad examples, but I am struggling to find an alternative to "watch" and "trader" and ".co.uk" that so neatly fulfils the requirement.

However, I am not an experienced domainer and other extensions may be available.

Perhaps this sale again highlights the benefit of a .co.uk if that is where your market is.

Cheers, Luke

 

[Frog]

I've not checked any of these for sites/domain availability/price but I'd be going through ones like these (if appropriate)

buy watches
vintage watches
sell watches
watches online
watch store
watch shop
watch dealer
watch seller
watch broker

and so on. I know you jokingly mentioned Acorn Watches, but I'd honestly rather build on AcornWatches.co.uk for reg fee than watch trader at £5k.

If you go too generic and more than 1 word, you end up losing traffic to people messing up navigating to your site. You need to more than compensate for this by direct search engine traffic benefit, or its simply not worth it. Given that "watch trader" is going to provide no visitors, I think you lose out here.

In the discount voucher niche, I can see lots of traffic landing on my site when they were looking for a different one to begin with - presumably they just couldn't remember the generic phrase of the site they were looking for, so start typing domains into google.

I'm undoubtedly losing the same traffic from people looking to find my site, but I more than make that lost income back because "discount vouchers" as a search term is sending more than twice the traffic of the closest keyword. "watch trader" is going to lose you more traffic than it gains you, imo.

 

[matmat is verified member.]

I dont understand what the big deal is about the end user price. I think its a fair price. Too many people are going by "local exact" values etc instead of just thinking that maybe the buyers WANTED this exact domain name.

I think its a great name for its use. If this was a sale from one of the "big boys" it would just be seen as a standard end user price.

 

[namealot]

Is there something wrong on the whois for that name...?

 

[foz]

Nice sale, congrats.

Long term the non-plural/plural version of the brand or keyword may lead to confusion.

 

[websaway]

I've not checked any of these for sites/domain availability/price but I'd be going through ones like these (if appropriate)

buy watches
vintage watches
sell watches
watches online
watch store
watch shop
watch dealer
watch seller
watch broker

and so on. I know you jokingly mentioned Acorn Watches, but I'd honestly rather build on AcornWatches.co.uk for reg fee than watch trader at £5k.

If you go too generic and more than 1 word, you end up losing traffic to people messing up navigating to your site. You need to more than compensate for this by direct search engine traffic benefit, or its simply not worth it. Given that "watch trader" is going to provide no visitors, I think you lose out here.

In the discount voucher niche, I can see lots of traffic landing on my site when they were looking for a different one to begin with - presumably they just couldn't remember the generic phrase of the site they were looking for, so start typing domains into google.

I'm undoubtedly losing the same traffic from people looking to find my site, but I more than make that lost income back because "discount vouchers" as a search term is sending more than twice the traffic of the closest keyword. "watch trader" is going to lose you more traffic than it gains you, imo.

As a matter of interest the names you outline are all registered, so you would have to go into the market anyway and why pay less for a name you don't want when you can buy the one you do want. I think your looking at it with the wrong hat on, your overlooking the power of the term watchtrader similar to autotrader for example.

buy watches 2008
vintage watches 1997
sell watches 2006
watches online 1997
watch store 1999
watch shop 2006
watch dealer 2004
watch seller 2000
watch broker 1999

 

[Ashton]

This was a fantastic sale - Both seller and buyer were more than happy with the deal they got.

Looking at gxwatches.co.uk (I will remove if you say). The prices their watches are at clearly shows they have the potential to cover the domain in just a couple of sales.

Congratulations and well done for holding out!

 

[m4cm4c is verified member.]

Here's more fuel to the fire of this debate...

The web developer who bought it from me called today on another subject - he also mentioned that after he'd secured the name his client told him he would have paid £10k without any hesitation!

I replied "Great - so with the money he saved he can buy watchtrader.tv for a grand". [ registered yesterday ]

It's all in the value of the business - what would anyone here pay for toptable.co.uk / .com?

pretty nondescript IMHO - except the BUSINESS just sold for £35mil - I reckon the founder is fairly happy with her choice of name!

 

[domainseller200]

The bottom line is this - it doesn't matter what me or anyone else thinks of the value. M4C saw some value and bought it and flipped it for £5k.

We are all in this business for virtually the same reasons, and seeing as he made £4,895 profit in a short space of time, we should be pleased for him and not biccering about why it is or isn't worth the price or not.

The bottom line is HE SOLD IT FOR £5K ! he hasn't valued it at £5k, he has physically sold it for £5k

Well done mate

 

[EdwinEdwin is verified member.]

The bottom line is HE SOLD IT FOR £5K ! he hasn't valued it at £5k, he has physically sold it for £5k

Yes, an excellent sale. Well done. It's these unexpected (I assume) windfalls that make the domain industry such an interesting place to be.

 

[PredPred is verified member.]

congrats on sale
must admit do not like domain at all like others
u did well to hold ground as if he walked its the sort of domain you may not of ever had an offer for again imho
not over low xxx anyway
buyer must have just got in his head, that was name they wanted

 

[brum]

well done mate ,

a domain is worth whatever someone is willing to pay for it
why they payed that is up to them but they must have thought it was worth it for them.

who are we to disagree they obviously make money selling watches else they would not have been able to pay for it !!!!!

so well done

 

[woopwoop]

Great sale and no matter how we value it if someone has a name in mind then they will be willing to pay a premium to secure the exact name that they want (if they have it in the overall budget).

I have watchsale.co.uk stuck on a shelf that I had forgotten about until reading this thread. Let me know if anyone's interested

 

[m4cm4c is verified member.]

Yes, an excellent sale. Well done. It's these unexpected (I assume) windfalls that make the domain industry such an interesting place to be.

Most unexpected - and fully appreciated

thanks for the inspiring comments all round!

 

[GreyWing]

Well mate, seems you were spot on with your "trader" theory. I just received a $1000 offer for apptrader.co.uk

I forgot I owned it (registered it last year) until I got the email. So looks like sticking trader on the end of things could be pretty profitable.