Someone wants to buy my domain but I'm not sure of its value.

22 replies
I have been contacted by someone who is interested in purchasing my domain. The domain name is wearitech.com

They seem to be suggesting that they are only partially interested in the domain but have asked me to name a price.

I'm unsure of the value of this domain name as I have not sold one before. Would anyone be able offer insight into its value or if it would be worth putting it on an auction site instead?
#buy #domain
  • Profile picture of the author JensSteyaert
    I think you would have to be lucky that you find a buyer that sees a brand name in that domain, as it has not that much intrinsic value by itself.

    So if you would list it on an auction site, you would be very lucky to find a buyer that wants to offer some good money.

    I would let them name their price, if you do'nt have any plans with it whatever you get would be fine by me.
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    • Profile picture of the author AnniePot
      Are you sure this was a genuine inquiry and not one of those scammy companies that constantly send out bulk appraisal emails expressing "an interest" in purchasing a website/domain?

      It was only created on 08-jan-2014 and doesn't load in my Chrome browser.

      Of course I can't be sure, but at a guess I would say you're being scammed.
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  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by danp142 View Post

    I have been contacted by someone who is interested in purchasing my domain. The domain name is wearitech.com

    They seem to be suggesting that they are only partially interested in the domain but have asked me to name a price.
    This sounds like the first part of the "appraisal scam", to me. It's very common.

    What happens is that you reply with a price, and they then ask you to have a (paid) valuation made of the domain-name, at a specific (expensive, paid) "domain appraisal site" which they actually own themselves. If that happens, you'll know for sure that it's a scam.

    Originally Posted by danp142 View Post

    I'm unsure of the value of this domain name as I have not sold one before.
    Domain-names don't have "objective" values. What they're worth depends on the domain-selling skills of the person selling them.

    Originally Posted by danp142 View Post

    Would anyone be able offer insight into its value or if it would be worth putting it on an auction site instead?
    What you can sell a domain-name for doesn't depend on where you sell it. It depends on your skills at identifying, approaching and negotiating with people to whom, because of the nature of their own business, the domain-name may have "artificial value".

    In any case, when you're selling a domain, always let the other party name a price/offer first.

    .
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    • Profile picture of the author danp142
      I bought the domain to create my own brand but decided to go with something else, so I didn't buy this to re-sell.

      The person contacting me seems genuine and the emails aren't spammy. Never the less I'll ask them to offer their best price and go from there.
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  • Profile picture of the author anynewsbd
    Go to seomastering.com/ & get your site value .
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  • Profile picture of the author sbucciarel
    Banned
    If the person does NOT request a domain appraisal, sell it for whatever they offer. I doubt that you would get more or even registration fee for it by listing it on a domain site.

    If they ask for an appraisal, run, don't walk. Do not respond.
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  • Profile picture of the author Jack Gordon
    I am usually the first one to tell people their domains stink. Because, of course, they almost always do.

    Learning to identify and acquire domains with intrinsic value is deceptively hard, and the low barrier to entry draws in a lot of suckers.

    While the OP does not claim to be an aspiring domainer, I think he may have stumbled onto a very strong brandable domain.

    Wearable tech is a hot emerging trend. I think if played right, you could fairly easily get a nice payday from this one.

    If you are not a good negotiator, find one fast and hand this over to that person for a commission.

    My gut says you should be able to sell this for low thousands. I have lost count of how many similar threads I have answered here over the years, and I don't think I have ever been this optimistic about one.

    Good luck!
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    • Profile picture of the author danp142
      Well that's a bit of a curve ball!

      I did purchase this domain for the wearable technology sector but the subject didn't interest me enough to continue long term. I think the domain is brandable and it isn't complete gibberish, but then again I don;t know if this is enough to make it valuable.

      The fact that I've had interest in the domain is the only reason why I thought it might have some value. Clearly differing opinions here so I'm still none the wiser

      I don't want to let the domain slide even if its only worth $30, then again I don't want to sell it for $30 if someone might pay $3000.
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      • Profile picture of the author Alexa Smith
        Banned
        Originally Posted by danp142 View Post

        I don't want to sell it for $30 if someone might pay $3000.
        I have this thought, or something similar to it, every single time I've sold a domain-name over the last 5+ years (and that's a lot of times!).

        Domain-names are a strange commodity.

        They have no objective, verifiable value in themselves.

        Strictly speaking, there's almost always the chance, every time you sell a domain, that if you'd hung on to it, someone else would have paid you very much more. You have to be willing to let that happen sometimes, to make any profits from domaining. Otherwise you never sell anything at all. But you also have to be aware that at the time you sell them, there isn't a way of predicting which ones!

        .
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    • Profile picture of the author Lucian Lada
      Originally Posted by Jack Gordon View Post

      Wearable tech is a hot emerging trend. I think if played right, you could fairly easily get a nice payday from this one.
      That's exactly what I had in mind.

      The OP can even sell it to a big tech company that can perhaps re-redirect to their main website. It's not exactly what people will search for, but it's good enough.
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  • Profile picture of the author DubDubDubDot
    Try to do some research on the sender and see if they are associated with a company with an iTech brand or if they are just an affiliate webmaster.
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    • Profile picture of the author danp142
      So would the best course of action be to contact some tech websites/ companies and see if they would be interested in the domain?
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      • Profile picture of the author DubDubDubDot
        Originally Posted by danp142 View Post

        So would the best course of action be to contact some tech websites/ companies and see if they would be interested in the domain?
        The domain is probably too specific for casting a wide net. You need someone interested in the iTech brand name. Search around and see if you can find anything called iTech that would benefit from the domain.

        There are numerous trademarks for "itech" though. I didn't look at any of them to see what uses they cover. If it's wearable tech then you are probably screwed as nobody is going to pay decent money for a TM infringing domain and you've got just one potential end user buyer in that case.
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        • Profile picture of the author Kay King
          I agree - there's an entire page of trademarks for "itech"...everything from pizza to digital solutions....but I recognized the word from hockey products sold on one of the biggest hockey equipment sites online. Golf products, too, I believe.

          If someone makes an offer - take it and move on. It will be more than you paid and unless someone owns one of the trademarks, that domain could be challenged.
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          • Profile picture of the author danp142
            Originally Posted by Kay King View Post

            I agree - there's an entire page of trademarks for "itech"...everything from pizza to digital solutions....but I recognized the word from hockey products sold on one of the biggest hockey equipment sites online. Golf products, too, I believe.

            If someone makes an offer - take it and move on. It will be more than you paid and unless someone owns one of the trademarks, that domain could be challenged.
            I had no idea about that hockey brand. Maybe it's worth developing it as a niche site for hockey equipment, although I'm no fan of the sport and it's not that popular here in the UK

            I've also found no reference to a trademark for wearable technology but I'm not an expert on trademarks so I can't be sure.
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            • Profile picture of the author Kay King
              wearable technology
              Hockey and golf clothing....are wearable. Don't make the mistake of trying to rationalize trademark law to suit what you want. IANAL - but if I wanted to use that domain I'd talk to a lawyer first.

              if nothing comes of it I'll accept the other offer.
              Do you HAVE a firm offer? In the beginning you had an interested party only.
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  • Profile picture of the author Jack Gordon
    A bird in the hand...

    Considering that you weren't even thinking of selling it before this, I wouldn't waste too much time or get greedy with it.

    My earlier gut estimate would likely be a "best case scenario" and may not be realistic for the short term.

    If your original interested party is willing to make an offer you will be happy with, I would make the deal and consider it found money.
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    • Profile picture of the author danp142
      Originally Posted by Jack Gordon View Post

      A bird in the hand...

      Considering that you weren't even thinking of selling it before this, I wouldn't waste too much time or get greedy with it.

      My earlier gut estimate would likely be a "best case scenario" and may not be realistic for the short term.

      If your original interested party is willing to make an offer you will be happy with, I would make the deal and consider it found money.
      True, I don't intend to get greedy and any money gained is money I didn't expect to gain.

      Never the less, firing off a few emails to select websites won't do any harm, if nothing comes of it I'll accept the other offer.
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  • Profile picture of the author oda
    I once had a guy email me about my domain name, I told him to ring me if he was serious.

    He rang and I threw a stupid price of 5K out there.

    After some back and forth we agreed on 2k, we used an escrow service for the transaction and it went A.O.K.

    Not bad for 6.99 domain name.

    In short if they want the domain bad enough, then get them to contact you outside of email. If its genuine then they will and you can negotiate a price.

    Be sure to throw a stupid price out there first, as you never know the value to the end user.
    he might think 2k is a steal where your thinking If I can get $100 I am happy.

    Do be careful, but these things do happen sometimes.

    Take Care

    Oda
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  • Profile picture of the author warrior2008
    I would take what I could get then roll it into another project. Take for "EXAMPLE" I'm selling a domain with site next week for a smoking deal and free consultations to it so I can focus on another project. Who ever buys that one will surely get a deal because I really need to put my blinders on for my new project.

    Take what you can get.
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  • Profile picture of the author Jack Gordon
    You know, I wasn't even looking at this as "wear itech"

    I was looking at it as a single, brandable term "wearitech"

    If "itech" is a heavily tm'd term, you are best off selling it as is for whatever you can get.

    If you ever did decide to develop it, I think that would be a great name for a brand (but I would run it by an IP attorney first)
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  • Profile picture of the author wentzco
    I've had the following same exact wording on scammy inquiries for about 10+ different domains the last 4 months... all from BS gmail addresses -

    "I am interested in purchasing this domain name, could you tell me if you are willing to let it go and if so for how much?

    Thank you for your time."


    Is this the wording on your inquiry? Many other domain owners get the same email.
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