If any other finance domain with keywords like this sells for 18k in this economy or not you should all pack your freaking bags and go back to school!!
Do any of you understand lead generation or are all your plans wrapped up around Adsense Ads?
How many of you were, are or know a mortgage broker?
The sale of this domain at Latona’s auction at the TRAFFIC convention should make all of you turn upside down and say what the hell was I thinking. I am so pissed about this sale (VERY HAPPY for the buyer) that I need to give some of you a basic 101 class in math.
$18,000 … shit, less than shit for many of you.
If you are serious about development and have an iota of how to SEO correctly and put together a lead gen site (like insurancequote.com) this domain would rocket to the top of search engines. In fact, I would be willing to even say that it would make it to the top 5 in MSN purely because homeloans.com does not even resolve and MSN favors matching keyword domains heavier than Google.
So – you have a top domain selling for one of the MAIN lead generation industries of the economy. Housing market slow or not people are still getting mortgages day after day and unless you know something I don’t mortgages will never end – People will always need them.
How about that lesson in Math?
For Domainers
$18,000
$40 revenue per lead – You need to generate 450 leads over the lifetime of this domain to breakeven. Yes, just over 1 a day for the next year then you have an annuity for life.
For End Users
Have a mortgage license?
3 mortgages. Yes, 3 freaking mortgages to break even.
SOOO many mortgage brokers specialize and close $500,000 mortgages day after day. You should net around 6k on a $500,000 mortgage as a broker (after the split and assuming 2 points which is average) – don’t like .. then make it 6 mortgages .. big fucking deal. You have an annuity for life.
If I knew this domain was in auction believe me I would have paid a lot more than $18,000 and I’m pissed I didn’t see it. Not sure if it was a late addition but man – it was not there when I looked a week ago .. or maybe it way … I just missed it.
Domainers talk about developing and talk about how much money they are making but this sale, this very sale goes to show that either (a) many have no freaking idea how to develop anything more than a mini-site with some Adsense Ads and (b) many – even auction houses (which to their credit is not always their job – the platform, the event is their job) are too lazy to contact end users and have NO IDEA how to translate the value of such a great domain to main street.
If any of you were salespeople before .. good salespeople … you could walk into an office and sell $1,000 worth of goods by selling the manager on how much benefit your product could bring in terms of savings, increased productivity and more.
Why the hell can’t we do this with domains like this?
Companies are still spending money – banks are still advertising – mortgage companies are alive believe it or not.
Are so many people caught up in the circle of selling to one another that a brick wall is formed where development is only what domainer A tells domainer B?
Do we have NO confidence in our ability to sell to end users that you have to gauge value based on what another domainer would pay?
NAMES like this are GOLD but apparently many of you have no idea what gold looks like.
Only 2 weeks ago I wrote about the case of MortgageCalculator.net where the owner SEO’s correctly and bang .. 20,000 or more visitors EVERY month. Sure, somebody commented about the back links but I had that domain for 7 years and very few back links ever existed. Most back links were formed after the site was live.
Spend $18,000 and in six months have even a quarter of that traffic coming from home loan traffic and you break even in 30 or 60 days.
Seriously, the math here is so insane. It is NOT long term math !!!
Not a 5 year plan – not a 10 year plan – maybe a 1 year plan at the MOST!
For those domainers who truly have no idea but only to listen to the industry leaders for guidance - Was it not Frank Schilling who said that homeloans.com – in his opinion – was worth maybe $3-5 million?

And the .net is worth 18k?
Jesus – I need to go confession tonight because I am cursing at everyone and for a non-practicing Catholic boy this is a BIG thing.
This sale is embarrassing for you, for the industry and more importantly for your ability to understand development. Hell, where were the mini-site SEO experts – these guys (who supposedly know SEO) had to see a value much more than 18k in this domain.
As I have said many times over …
The INDUSTRY is BIGGER and better than ALL of us.
If we can not showcase and find end users for PREMIUM domains like HomeLoans.net then we all need to go back in to our hole and rethink why the hell we are here and what we need to do to move forward.
For those who are thinking I am being negative about the industry in general I am NOT - in fact, we are more bullish on domains than ANY OTHER investment right now – but I am kicking you all for letting this go. Domains like this do not come around often and if anyone .. anyone .. disagrees with my math about how to make your money back with this domain then just close your browser and go home as I do not have the time of day to even speak with you.
There is no over analysis needed – 18k is a pittance for this name.
Shame on all of you, Shame on the auction house, Shame on me.
Have nothing else to say on this.
May the Adsense gods cut your knees off one day and then you shall realize what fools are for not learning to develop quicker.
—————————————-
P.S. If any of you want to come back but wait its a .net … just be quiet and read a book about developing.