Storage Auctions

Approached by a Domain Broker

Offline Travis

  • *****
  • 5484
  • Every storage unit he buys yields treasure.
    • View Profile
    • AuctionsTX.com
    • Email
Approached by a Domain Broker
« on: December 20, 2013, 11:24:28 PM »
Just got a call from a domain broker who represents the owner of what is arguably the 2nd best domain in the storage auction niche, StorageUnitAuctions.com. I had inquired on the domain a few years ago; however, they were asking 50K back then. Fast forward 2 years, now they're asking a mere 40K but open to offers.  ::)

I politely told him that I wasn't interested (at least not anywhere near that price) and gave him an earful about how difficult it would be to sell that particular domain. I let him know that this was a dying niche, that the leaders have already established themselves and that they were just too big for a new website to compete with. Not only that, every way of monetizing a website for this niche has already come to market.

Nobody is going to spend that kind of money on a domain unless they can see a return and the few people in this niche that could afford it don't need it because their sites have already been branded.

He probably should have sold it a few years ago...could have got top dollar.

Offline alloro

  • *****
  • 2345
    • View Profile
Re: Approached by a Domain Broker
« Reply #1 on: December 21, 2013, 10:30:33 AM »
He probably should have sold it a few years ago...could have got top dollar.

Like Drew did! :)

Re: Approached by a Domain Broker
« Reply #2 on: December 21, 2013, 06:13:29 PM »

Offline Travis

  • *****
  • 5484
  • Every storage unit he buys yields treasure.
    • View Profile
    • AuctionsTX.com
    • Email
Re: Approached by a Domain Broker
« Reply #3 on: December 21, 2013, 07:04:17 PM »
Like Drew did! :)

Right.  ;D  But would you rather have 20K right now or $500 a month for the rest of your life? Some people want a lump sum while others would rather have the positive cash flow. I like cash flow. About a year from now, the advertising revenue will have completely paid me back the money I invested in this forum.

Re: Approached by a Domain Broker
« Reply #4 on: December 21, 2013, 07:08:43 PM »
I like both, and I try to set it up where I've got money constantly coming from a variety of sources......too many people have all their eggs in one basket...usually a "JOB", and then they get laid off and they are scrambling trying to survive on unemployment until they get another one.....

Offline Travis

  • *****
  • 5484
  • Every storage unit he buys yields treasure.
    • View Profile
    • AuctionsTX.com
    • Email
Re: Approached by a Domain Broker
« Reply #5 on: December 21, 2013, 07:58:12 PM »
Investing in websites is a lot like investing in real estate...except you don't have to deal with evictions. From a financial stand point, the start up costs for investing in websites are much lower. There are websites on Flippa.com that are producing $200-700 a month in ad revenue that you can pick up for $2-10K. The key to it all is finding websites that are here to stay. You wouldn't want to buy a website about iPads because chances are the technology will be different 10 years from now. Vice versa, a website about something like tennis, as boring as that website might be, could be a lifetime income stream. Realistically, if someone were to invest 100K, they could reasonably expect a 30% or greater annual return on their investment. Beats the hell out of real estate (unless your flipping) and the stock market and it's relatively safe. The only thing you really have to worry about is a Google penalty or algorithm update that negatively effects your site. But, if you aren't doing anything shady, you don't really have to worry.

Offline MovieMan

  • *******
  • 4175
    • View Profile
Re: Approached by a Domain Broker
« Reply #6 on: December 22, 2013, 09:50:54 AM »
I let him know that this was a dieing niche........


This is an admission worthy of note. Not because "dying" is spelled incorrectly, but because of the source of the statement.


Offline Travis

  • *****
  • 5484
  • Every storage unit he buys yields treasure.
    • View Profile
    • AuctionsTX.com
    • Email
Re: Approached by a Domain Broker
« Reply #7 on: December 22, 2013, 05:29:29 PM »

This is an admission worthy of note. Not because "dying" is spelled incorrectly, but because of the source of the statement.

Thanks for correcting my spelling, I knew you were good for something.  ;)

Offline MovieMan

  • *******
  • 4175
    • View Profile
Re: Approached by a Domain Broker
« Reply #8 on: December 22, 2013, 05:36:45 PM »
Thanks for correcting my spelling, I knew you were good for something.  ;)

And I knew there would finally come a point when you could acknowledge that storage auctions and everything associated with them were on a downhill run toward the bottom of their popularity.


Offline Travis

  • *****
  • 5484
  • Every storage unit he buys yields treasure.
    • View Profile
    • AuctionsTX.com
    • Email
Re: Approached by a Domain Broker
« Reply #9 on: December 22, 2013, 06:20:24 PM »
And I knew there would finally come a point when you could acknowledge that storage auctions and everything associated with them were on a downhill run toward the bottom of their popularity.

Yeah, there are aspects of this business that are slowing. Fewer people at the auctions, fewer people searching for auctions, fewer people subscribing to auction lists, fewer people reading forums. Traffic numbers are much lower than they were a year ago but the numbers are still decent enough to make the niche lucrative for the sites that are already established. The virtual storage auction niche is still on the upswing.

Offline MovieMan

  • *******
  • 4175
    • View Profile
Re: Approached by a Domain Broker
« Reply #10 on: December 22, 2013, 06:34:13 PM »
Yeah, there are aspects of this business that are slowing. Fewer people at the auctions, fewer people searching for auctions, fewer people subscribing to auction lists, fewer people reading forums. Traffic numbers are much lower than they were a year ago but the numbers are still decent enough to make the niche lucrative for the sites that are already established. The virtual storage auction niche is still on the upswing.

Yep, there's nowhere to go but up despite the first five points you made in the quote above.  Optimism is a wonderful thing.

Offline rulesforrebels

  • ******
  • 1276
  • FreeStorageAuctionLists.com
    • Yahoo Instant Messenger - rulesforrebels
    • View Profile
    • Free Storage Auction Lists
    • Email
Re: Approached by a Domain Broker
« Reply #11 on: December 22, 2013, 08:10:45 PM »
storage auctions will always be around, heck alot of us were around way before the tv shows came on. that said the new interest came and went it had its 15 minutes in the spotlight and now its back to the real hustlers and resellers. downside to that is those who know the industry dont really have to buy products or even visit forums just for knowledge its more a social thing for them if they do. probably not too many newbies to storage auctions anymore

Offline MovieMan

  • *******
  • 4175
    • View Profile
Re: Approached by a Domain Broker
« Reply #12 on: December 22, 2013, 08:15:11 PM »
Both replies #9 and #10 above pretty much sum up the scene as I see it today.

While great lockers still sell for big bucks in my area there are more opportunities in the lower priced lockers.

Meanwhile, of the 10 or so regular buyers in my area a good 4 or 5 out of 10 are moving along in new directions.



xx
So I got approached to be in a news article on storage auctions

Started by Drew

3 Replies
2511 Views
Last post December 19, 2010, 01:13:02 PM
by Milton
xx
Just bought a killer domain!

Started by Travis

6 Replies
2358 Views
Last post July 11, 2013, 05:45:17 PM
by Cobia
xx
Domain For Sale www.FreeStorageAuctionLists.Com

Started by rulesforrebels

2 Replies
2174 Views
Last post December 16, 2013, 12:33:43 PM
by rulesforrebels
clip
OnlineStorageAuctions.com's new domain looks promising for SEO

Started by Travis

6 Replies
2960 Views
Last post March 03, 2014, 04:48:35 PM
by Travis