Morgan Linton had a good post this week about the Domain Dream changing. This morning “Steve” had a very insightful comment.
Here is what Steve said:
Its very simple, 90 % of current domain sales are Domainers to Domainers. Why? Because we can understand the potential value and the only way to increase values is to Develop them into websites, so end users can see the value. Who has the larger share of the market ? Kit cars or factory-made cars ready to drive away? Its that simple.
Steve is right! This image below perhaps makes Steve’s point even more clear:
The fact is that most end clients or entrepreneurs have no interest in building a kit car. They don’t want to learn PHP, Mysql, WordPress, Joomla, Linux, or whatever technologies you care to mention. Anyone who has tried to develop a website and make a go of turning it into a profitable venture, knows that it is not easy.
I speak almost every day to someone who has the equivalent of a partially assembled kit car sitting in the garage. Some of them are enormous names. For example, last Tuesday, Epik released ETF.com. We are really excited about it. When we got it, ETF.com was a partially assembled site that did not even resolve!
For anyone who had a dream or a vision when they originally acquired a domain, my advice is simple: find someone capable of finishing the job. If it were me, I would certainly pick Epik, but if you can find a capable developer who can help you to Develop, Operate, and Sell the finished product, now is the time to Shift out of Park.
On September 16, David Fairley of Website Properties will speak at Epik DevCon. Dave has sold a lot of developed websites, and will provide perspective on the difference between selling an undeveloped domain and selling a developed website.